MA in Quantitative Economics
Tartu, Estonia
MA
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
EUR 4,800 / per year *
STUDY FORMAT
On-Campus
* for non-EU: 4800 EUR per year | for EU residents: 2400 EUR per year
Key Summary
The English-taught master's programme in Quantitative Economics gives students strong preparation in contemporary economic theory and econometric analysis methods, enabling them to analyse and forecast economic processes. The master's programme is taught by top specialists in their field in an international environment. It is an excellent springboard for doctoral studies in economics or following a career as an analyst in banks, public sector organisations, consulting firms and international companies.
From the academic year 2024/25, you can choose to study for two years in Tartu at one of the most modern study and innovation centres, the University of Tartu Delta Centre, or spend your second year at Ghent University in Belgium and receive two diplomas.
Double degree programme with Ghent University
Ghent University (Belgium) and the University of Tartu have established a double degree master's programme. The programme started in the academic year 2024/2025.
Since the establishment of the double degree programme, you can choose between two specialisations and two study tracks:
I Economics and Data Analysis – you will study at the University of Tartu for two years. However, you still have the option (but no obligation) to study abroad with any exchange programme. This specialisation has a strong focus on various data analysis methods. You will receive a diploma from the University of Tartu.
II Economic Theory and Data Analysis – you will study your first year at the University of Tartu and your second year at Ghent University. Thus, mobility is an integrated part of the two-year master's programme. In addition to data analyses, this specialisation also focuses on financial markets and economic policy topics. The students choosing this study track do not need to pay extra for their studies at Ghent University. You will receive two diplomas with the following degrees:
- Master of Arts in Quantitative Economics (University of Tartu)
- Master of Science in Economics (Ghent University)
The students will be selected for their study track at the time of admission to the master's programme. Upon submitting your application in DreamApply, please indicate your preferred study track: Tartu (I) or Tartu and Ghent (II). Even if you are not admitted to your chosen study track, you will still be considered for the other alternative study track.
The English-taught master’s programme in Quantitative Economics gives students strong preparation in contemporary economic theory and econometric analysis methods, enabling them to analyse and forecast economic processes.
- Taught by top specialists in their field in an international environment.
- A special focus on micro-and macroeconomic theory.
- It gives training in solving real-life economic problems via state-of-the-art economic analysis techniques.
- Springboard for doctoral studies in economics or follow a career as an analyst in banks, public sector organisations, consultation firms and international companies.
You can choose between two specialisations and study tracks: Economics and Data Analysis or Economic Theory and Data Analysis.
Specialisation 1:
Economics and Data Analysis
- Quantitative Methods in Economics (36 ECTS);
- Economic Models (43 ECTS);
- Elective module (15 ECTS);
- Optional courses (6 ECTS);
- Master's thesis (20 ECTS).
Specialisation 2:
Economic Theory and Data Analysis
- Quantitative Methods in Economics (30 ECTS);
- Economic Models (30 ECTS);
- Monetary Policy and Time Series Analysis (12 ECTS);
- Majors (18 ECTS);
- Electives (12 ECTS);
- Master's thesis (18 ECTS).
The University of Tartu belongs to the top 1.2% of the world's universities.
View our rankings.
Learning outcomes
As a future master's student in the Quantitative Economics programme at the University of Tartu, you will embark on a journey that will significantly enhance your understanding and application of economics. You will learn the main concepts in economics, gaining the ability to assess their applicability in various scenarios critically. Your skill set will expand to include the application of both microeconomic and macroeconomic models to analyse real-world economic problems effectively.
Furthermore, you will develop a comprehensive approach to understanding economic phenomena, mastering the art of analysing and forecasting the behaviour of economic agents and the impact of governmental policies. This will be achieved not only verbally and graphically but also through advanced mathematical and empirical methods.
Moreover, the programme will provide valuable experience in conducting scientific research, equipping you with the tools to solve real-life economics-related problems. By the end of your studies, you will have a well-rounded, practical understanding of economic theory and its applications, setting a solid foundation for your future career in economics.
There is one tuition waiver for citizens of EU/EEA/Switzerland, 15 for all citizenships.
Three monthly scholarships will be awarded to the highest-ranked applicants of €600 during the first year of the master’s studies for ten months (September-June). Applicants are considered for it automatically at the time of admission.
Audience
Students with a strong background in mathematics are most welcome to apply. The objective of the curriculum is to prepare highly qualified analysts for government agencies, banks, international organizations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
The objective of the curriculum is to prepare highly qualified analysts for the government agencies, banks, international organisations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
Our graduates work in diverse sectors, including various financial companies, consultancy firms, think tanks, multinational companies, and universities. Examples of employers include Google (Ireland), Bolt (Estonia), Finnair (Finland, Estonia), think-tanks (PMCG in Georgia, Centar and Praxis in Estonia), universities (Tbilisi State University in Georgia, University of Tartu, University of Cambridge in the UK), banks (Swedbank, Bigbank, Luminor in Estonia), Fintechs (Wise, Fortumo).
As to the occupations and job tasks, many graduates are working as different kinds of data analysts. This is supported on the one hand by a strong emphasis on statistics, econometrics and data science courses during the master's studies, and on the other hand by the high demand for data scientists in the labour market.
Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.
Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.