Master of Research in Economics

European University Institute (EUI)
1 year
Full time
Master's degree
Scholarships available
On campus
01 September 2023

About this program

Master of Research in Economics

The European University Institute’s Master of Research in Economics offers a foundational year of economics where you will gain a clear understanding of core and modern economics and a chance to engage with a range of economic issues facing Europe today. The program offers an immersion into a scholarly environment with the chance to interact with and learn from leading professors and advanced doctoral researchers. The Master of Research is a chance to test yourself out, to see if a Ph.D. could be something for you.

Admission requirements

Master's degree or equivalent.

Language Requirements

The expected level of English proficiency is level C1 of the Common European Framework of Reference (CEFR). Applicants are required to submit an English international language certificate to demonstrate their level.

  • Candidates who speak English as a first language or who have written their thesis in English for completion of a degree from a university programme entirely taught in English are exempt from submitting a certificate of English proficiency.
  • Candidates who submit a certificate with a test score below the threshold indicated hereunder are not automatically rejected; if they are pre-selected they will be asked to take an English language assessment test with the EUI.
  • Candidates who are unable to provide a certificate by the deadline must attach a personal declaration to the application form stating the reason for this. Where the certificate of English proficiency is missing and the candidates are pre-selected, they will be asked to take an English language assessment test with the EUI.

Please check the course website for more information about admission requirements.

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Program content

The 1-year Master of Research in Economics will be composed of seven compulsory courses and four advanced courses. Each course will have 20 hours of formal teaching plus 8 hours of teaching assistantship. The year will be divided into four blocks. All courses will take place in the first three blocks. The fourth block will include thesis work.

Compulsory Courses

Teaching Block 1

  • Mathematics
  • Background Course on Probability and Statistics
  • Applied Economics and Econometrics 1B: Regression Analysis
  • Microeconomics I

Teaching Block 2

  • Applied Economics and Econometrics II: Econometric Models for Micro Data
  • Macroeconomics I - part 1: Real Dynamics and Fiscal Policy
  • Macroeconomics I - part 2: Dynamic Programming and Real Business Cycles
  • Microeconomics II: Game Theory

Teaching Block 3

  • Applied Economics and Econometrics 3A: Time Series Econometrics
  • Microeconomics III
  • Macroeconomics II - part 1: Monetary Dynamics and Policy
  • Macroeconomics II - part 2: New Keynesian Economics

Teaching Block 4

  • Applied Economics and Econometrics 3B: Simulation-Based Estimators
  • Macroeconomics III - part 1: Search Theory
  • Macroeconomics III - part 2: Incomplete Markets

Advanced Courses

Teaching Block 1

  • The Econometrics of Causality
  • Firm Dynamics and Innovation
  • Advanced Marco Introduction - Part I
  • Fiscal and Monetary Policy and Institutions in a Century of Crises - Part II
  • Repeated Games and Bargaining
  • Topics in Laboratory Experiment

Teaching Block 2

  • Economic Measurement
  • Life-Cycle Heterogeneous Agents Models: Solution and Estimation
  • Computations and Quantitative Models in Macro
  • Topics in Banking and Finance
  • Mechanism and Information Design, Part I
  • Advanced Industrial Organization

Teaching Block 3

  • The Econometrics of Real Data
  • Topics in Microeconometrics
  • Quantitative Methods and Applications: Dynamic Household Choices
  • Topics in Macroeconometrics
  • Advanced Monetary Economics
  • Mechanism and Information Design, Part II (Workshop)
  • Topics in Information and Mechanism Design
  • Organizational Economics
  • Cultural and Institutional Economics

Teaching Block 4

  • Recent Advances in Applied Micro-Econometrics for Causal Inference
  • Development Economics and Global Health
  • Inequality and Education
  • International Macroeconomics

Scholarships & funding

  • Some EUI Contracting States provide funding for eligible candidates.
  • Candidates with external funding from public or private institutions and those who are self-funded are also accepted.


  • Candidates from the EUI-Contracting States are exempt from tuition
  • Candidates from other countries are subject to EUR 14,000 tuition
  • In exceptional cases, the President of the EUI is authorized to reduce or waive tuition fees

Continuing studies

Transfer to the PhD. Programme

ECO Master Researchers may apply to transfer to the four-year Doctoral Programme in ECO following the standard PhD application procedure. Selected researchers will be offered admission to the 1st year of the PhD programme.

In order to be admitted to the PhD programme a Master Researcher must meet the eligibility criteria of the relevant funding authority. Their application and research statement, which will be defended in an interview, will be subject to competitive assessment together with other PhD applications submitted to the Department.

Master Researchers who are admitted to the PhD programme (1st year) receive a grant under the same conditions as doctoral researchers.

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About this institute

European University Institute (EUI)

The European University Institute (EUI) is a transnational hub for interdisciplinary research and higher learning, situated on the hills near Florence, Italy. The Institute is composed of four departments - Economics, History and Civilisation, Law, and Political and Social Sciences;...

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Why study at European University Institute (EUI)

  • Set up by the founding members of the European Union in 1972
  • 1000+ Scholars
  • 7 Academic Units
  • Students from 60+ countries of provenance

Contact info

European University Institute (EUI)

Via della Badia dei Roccettini, 9
50014 Fiesole

Phone no: +39 055 46851

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