MSc in Mathematics – Economics

Aarhus University
2 years
Full time
Master's degree
Scholarships available
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About this program

MSc in Mathematics – Economics

Preparing You for a Career in a Number of Fields

Have you thought about how rates for a new mortgage loan should be fixed with an interest-rate ceiling or as interest-only loans? In fact, it was mathematics-economics graduates who developed the model used for fixing the cost of such loans. All major companies face complex problems, and many turn to a mathematics-economist to solve them.

Mathematics-economists are experts in designing optimisation strategies, something that requires great theoretical insight into both economics and mathematics. As a student of mathematics-economics, you have the option of specialising in a subject within a broad area, including one of the areas in which Aarhus University is particularly strong: mathematical finance, economics, and operations research.

Admission requirements

A bachelor’s degree amounting to at least 60 ECTS credits in Mathematics–Economics can qualify the student for admission. Other qualifications can also provide admission to the Master’s programme, provided the university assesses that their level, extent, and content correspond to the degrees mentioned above.

Selection Criteria

As the Master’s programme admits only a limited number of students each year, meeting the admission requirements does not in itself guarantee admission to the programme. Student places are allocated on the basis of an overall assessment. In evaluating qualified applicants, the admissions committee assesses applicants according to the following criteria: academic background; overall grade level of bachelor’s degree; grades achieved on relevant courses; and relevant courses (measured in credit units) included in the bachelor’s degree.

Relevant courses include core courses within the subject areas of mathematics (linear algebra, mathematical analysis, measure and integration theory), probability theory and statistics, finance, operational research (linear and convex optimisation), and economics (microeconomics, macroeconomics, cost accounting).

For more information about admission requirements, please visit the university website.

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Program content

Programme Structure

The topics covered in the study programme depend on the track chosen by the student. There are three tracks on the programme: Economics, Mathematical Finance, and Operations Research.

Typical courses in Economics are:

  • Micro 2
  • Macro 2
  • Advanced Macroeconomics
  • Microeconometrics
  • Advanced Microeconomic Theory
  • Advanced Econometrics

Typical courses in Mathematical Finance are:

  • Pricing and Hedging of Derivatives
  • Stochastic Calculus
  • Fixed Income Analysis
  • Financial Engineering
  • Financial Econometrics
  • Monte Carlo Simulation

Typical courses in Operations Research are:

  • Graph Theory 1
  • Graph Theory 2
  • Mixed Integer Optimisation
  • Advanced Convex Optimisation
  • Markov Decision Theory
  • Simulation, Modelling and Analysis
  • Metaheuristics for Combinatorial Optimisation
  • Multiple Criteria Optimisation
  • Applied Optimisation: Location Planning
  • Applied Optimisation: Vehicle Routing

Scholarships & funding

Several scholarship options are available. Please visit the university website for more information.


  • EU/EEA/Swiss citizens: FREE
  • Others: €15,300

Career paths

Job prospects for Mathematics-Economics graduates are extremely positive, and career opportunities are many. A large proportion of our graduates find work in the private sector. Banks and insurance companies are the major workplaces, with many graduates working as problem-solvers in consultancy and telecommunications companies. Planning departments in large industrial or manufacturing companies are also a relevant job market.


About this institute

Welcome to Aarhus University in Denmark!

Established in 1928, Aarhus University has grown to be a world-leading research institution with a modern, dynamic and highly international study environment. It is consistently ranked as one of the world’s top 100 educational institutions, and recently ranked 69th in...

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Why study at Aarhus University

An international and diverse university

Aarhus University is home to many international students and researchers – 12% of our students are international, from over 120 different countries! For that reason, English is our second language here at AU and we offer over 50 English-taught courses at either Bachelor’s or Master’s level. All our PhDs are English-taught. We also have a dedicated International Centre, to provide and introduction to living in Denmark and offer support and guidance.

Informal environment with focus on critical thinking

Teaching at AU takes place in an informal and inspiring environment, with a high focus on developing critical thinking skills and encouraging open debate. Professors at AU welcome discussions and value student insights to their classes. Furthermore, many courses at Aarhus University are interdisciplinary to give a students a well-rounded perspective of their chosen subject.

A comprehensive university

Aarhus University has five main faculties: Arts, Business and Social Sciences, Health, Natural Sciences and Technical Sciences. Each faculty is highly specialized with state of the art research facilities available for student use. Our faculties of Natural and Technical Sciences both have a special focus on sustainability and facilitating a green transition.

Contact info

Aarhus University

Nordre Ringgade 1
8000 Aarhus C

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