24 months
Duration
3800 EUR/year
3800 EUR/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Quantitative Economics master's programme at the University of Tartu prepares 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.

Visit the official programme website for more information

Overview

*This programme profile is financed by Dora Plus Action 4: Marketing of study and employment opportunities in Estonia (European Regional Development Fund).

The 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. 

Why study Quantitative Economics at the University of Tartu ?

  • The University of Tartu belongs to the top 1.2% of the world's universities (300th position in the QS World University Rankings 2022).
  • The University of Tartu is ranked in the top 250 universities in the world in business and economics.
  • The programme gives training in solving real-life economic problems via the application of state-of-the-art economic analysis techniques with a special focus on micro-and macroeconomic theory.
  • Cooperation with the Bank of Estonia and Swedbank provides internship possibilities, an award for the best thesis and job opportunities after graduation.
  • Graduates can follow a career as analysts in banks, public sector organisations, consulting firms and international companies. 80% of our alumni work in Estonia.
  • Study in the University of Tartu Delta Centre which brings together a vibrant community of students, researchers and innovators in the fields of computer science, business and economics, mathematics and statistics.

Career opportunities

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.

Graduates are competitive as analysts in the public sector, financial sector, multinational companies, consulting firms etc.

Part of the studies is a mandatory internship that helps students make career choices after graduation.

Accreditation

University of Tartu Institutional Accreditation 2015-2022: The Quality Assessment Council for Higher Education of the Estonian Quality Agency for Higher and Vocational Education decided to accredit the University of Tartu for seven years.

The next accreditation will be conducted in 2022.

Programme Structure

The curriculum consists of: 

  • Quantitative Methods in Economics (38 ECTS);
  • Economic Models (38 ECTS);
  • Elective module (15 ECTS): there is a possibility to take an elective module from this curriculum Special Topics in Economics, or to take an elective module from the curriculum Actuarial and Financial Engineering;
  • Optional courses (6 ECTS);
  • Master's thesis (23 ECTS).

Part of the studies is compulsory practical training (internship) (6 ECTS).

Examples of courses:

  • Macroeconometrics
  • Mathematical Statistics
  • Game Theory
  • Monetary Economics
  • Public Sector Economics
  • Microeconometrics
  • Introduction to Programming

Audience

We welcome all students who are interested in becoming analysts for government agencies, banks, international organisations and consultancy firms.

Lecturers

The programme director is Jaan Masso, Associate Professor in Applied Econometrics at the University of Tartu

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Credits

120 ECTS

Delivered

On Campus

Academic requirements

GPA admission requirements GPA
Required

Other requirements

General requirements

  • Bachelor’s degree or equivalent qualification (must be obtained by the end of July)
  • Prerequisite courses that the applicant has to have passed during earlier studies on higher education level: mathematics in the value of 9 ECTS and probability and mathematical statistics in the value of 6 ECTS completed in the previous study level.
  • English language proficiency 

Tuition Fee

To alway see correct tuition fees
  • International

    3800 EUR/year
    Tuition Fee
    Based on the tuition of 3800 EUR per year during 24 months.
  • EU/EEA

    3800 EUR/year
    Tuition Fee
    Based on the tuition of 3800 EUR per year during 24 months.

Living costs for Tartu

300 - 600 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Tuition waivers are available.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Quantitative Economics
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University of Tartu

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