• Application Deadline
  • 12 months
    Duration
The Master of Advanced Studies in Economics programme provides you with theoretical and empirical tools to analyse concrete economic problems and acquaint them with current research practices in economics. For the student with an initial graduate economics degree, this course leads into frontiers of new research within economics.

Overview

The advanced Master’s programme features a choice of graduate-level courses from different fields within economics. The goal is to enable you to find a promising research topic and to develop your own research on it. This research leads to the Master of Advanced Studies in Economics thesis, which may become the first chapter of a doctoral dissertation.

Programme outline

The Master of Advanced Studies in Economics programme (MASE) exists of 5 core courses and the Master’s thesis. Students complete their programme with electives until at least 60 ECTS.

Strengths

  • Truly international: the Faculty of Economics and Business keeps close links with top business schools around the world, from the University of Cardiff in the UK, to the University of Illinois in the United States, diversity strengthens our international course, from the perspective of students and our faculty partners.
  • The Faculty of Economics and Business attaches great importance to high-quality education. The Department of Economics of KU Leuven is highly ranked in the QS World University Ranking and recently some professors won the renowned Francqui Prize.
  • The Faculty receives valuable external assessments. The EQUIS accreditation is an important quality label for business schools and is awarded by the European Foundation for Management Development (EFMD).

Objectives

The main purpose of the programme is to offer students with an economic background a deeper knowledge in specific areas of application, to provide them with advanced theoretical tools to analyse economic problems and to acquaint them with current research practices in Economics. These research practices, currently used in leading business, political, academical and international institutions, make use of formal and quantitative techniques. The programme reflects this quantitative orientation.

Graduates of the programme should have:

  • a deep insight into the most recent developments in economic theory and an active knowledge of the analytical techniques used by economists for the study of economic problems.
  • an active and specialized knowledge of the detailed features of economic problems in some specific fields of interest.
  • the ability to translate general and specific questions into operational problems and the ability to find creative solutions to these problems. This includes formulating a specific research or policy question, collecting and analysing the relevant information, choosing an adequate methodology for analysing the problem, reporting the results, and formulating policy advice.
Career perspectives

A large proportion of graduates move on to careers in managerial and/or research positions in national and international institutions and universities. Students graduating with distinction can apply for the PhD programme in Economics at KU Leuven.

Questions about student life in Belgium, life at KU Leuven or more information about a specific course? Chat with our students: www.kuleuven/be/chatwithourstudents.

Programme Structure

Core

  • Advanced Econometrics
  • Dynamic Methods
  • Advanced Microeconomics II
  • Advanced Macroeconomics II
  • Research Workshop
  • Master’s Project Advanced Studies in Economics

Electives

  • Environmental and Transportation Economics
  • Multivariate Statistics
  • Economics of Financial Intermediation
  • Health Economics
  • Advanced Time Series Analysis
  • Global Value Chains
  • Incentives and Behavior
  • Network Industries and the Digital Economy
  • Welfare Economics
  • Asset Prices: Basic Models and Tests
  • Advanced Applied Econometrics
  • Advanced Development Economics
  • Advanced Labour Economics
  • Statistical Modelling
  • Financial Products
  • Advanced Industrial Economics
  • Advanced International Trade Theory
  • Welfare, Inequality and Poverty

Detailed Programme Facts

English Language Requirements

  • Minimum required score:

    7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score:

    94

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®

Academic Requirements

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • Students with a KU Leuven Master's degree in Economics awarded with distinction (cum laude) by the Faculty of Economics and Business have immediate access to the programme.
  • A university Master's degree with a solid background in mathematics and statistics (for example, a university Master's degree obtained at the Faculty of Engineering or at the Faculty of Bioscience engineering) and with a strong interest in economics.
  • Academic performance should be above average.
  • All applicants have to submit proof of English language proficiency.

For more information on the admission requirements, please visit the homepage of the programme.

Tuition Fee

  • International

    1750 EUR/year
    Tuition Fee
    Based on the original amount of 1750 EUR per year and a duration of 12 months.
  • EU/EEA

    1750 EUR/year
    Tuition Fee
    Based on the original amount of 1750 EUR per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Leuven

  • 810 - 1280 EUR/month
    Living Costs

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

Funding

Check the programme website for information about funding options.

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.

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Advanced Studies in Economics
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