Studyportals placeholder

QEM - Models and Methods of Quantitative Economics, M.Sc.

  • Application Deadline
  • 24 months


The QEM - Models and Methods of Quantitative Economics programme offered by the Université Paris 1 Panthéon Sorbonne is a true joint full-time advanced Master Degree for elite cohorts of students with many specializations. Taught in English, the master program in economics is designed by a Consortium of four Partner Universities from 4 European countries with a network of Associated Partners consisting of international academic institutions as well as public and private companies.

The course of this master program in economics offers a rigorous education in fundamental quantitative tools by combining core economic theory with related quantitative disciplines such as Probability, Statistics, Econometrics, Finance, Actuarial Science, Mathematical Modelling, Computation and Simulation, Experimental Design, and Political Science. The breadth of courses offers students the opportunity to specialise in one of these many areas in accordance with their interests along a number of course tracks. These being areas which are increasingly vital in both research orientation for further studies and in the job market for positions in government organisations, private companies or financial institutions.

The course of the master program is intended to prepare students for a wide range of careers which utilise their competency in economics, including economic theory, macroeconomics and financial forecasting, financial engineering and risk management, quantitative asset management, computational economics, quantitative trading, and applied and theoretical research.

A master degree in Economics for International students

Each year, approximately 50 students are welcomed to this master program in economics on the basis of academic excellence. Applicants for our master degree economics should hold a recognised bachelor's degree (or its equivalent, i.e. 180 ECTS credits in the Bologna system) and be fluent in both written and spoken English. Ideally, applicants for this master in economics will have previously studied mathematics, applied mathematics, quantitative economics or finance but candidates with other backgrounds are welcomed provided that they can demonstrate sufficient interest in economics. Mathematical aptitude as evidenced by previous studies or work experience is taken into consideration in the admissions process. Applicants for the master program in economics without the required mathematical background are advised to undertake special training or programmes prior to their enrolment in the QEM programme. Such training is proposed by the Graduate School of Mathematics of Université Paris 1 Panthéon-Sorbonne with the collaboration of Universitat Autònoma de Barcelona, IMW - Institute of Mathematical Economics of Universität Bielefeld and Università Ca' Foscari Venezia.

Studying economics in foreign Universities

It is a programme requirement for students to study at two of the four participating universities from the Consortium. This mobility enables students to benefit from the strengths of each university on a wide range of issues, and to meet and work with professionals from various backgrounds. Upon successfully completing the programme, students are awarded a QEM Joint Degree from the partners of the consortium. The consortium provides extensive career assistance to the students, including help with internships and job placement for graduates. We have had an excellent job placement record, since 2008.

Master's Dissertation

Students spend most of the third and final semester preparing a Master's Dissertation under the joint supervision of the two consortium universities they studied at.


Upon successfully completing the programme, students are awarded a QEM Joint Degree entitled "Models and Methods of Quantitative Economics", which is officially recognised as a master's degree in each university and country of the consortium, with the same rights and duties as their national degree. For a list of the national degrees, see here.

Programme Structure

The QEM Models and Methods of Quantitative Economics program is a Master that has a duration of two academic years (180 ECTS credits). It is expected the student carries out the entire course work at least two universities of the QEM Consortium. A mobility track and a joint curriculum are defined and fixed for each accepted candidate during the admission process.

The first year focuses on core courses in Microeconomics, Macroeconomics, Econometrics and Mathematics (Probability, Statistics and Optimization). The first semester is spent in Spain at Barcelona. To facilitate student mobility during the second semester, the universities offer almost identical courses.

The second year focuses on specialization and is spent in one of the four consortium universities. There are several areas of specialization on offer, such as:

  • Microeconomics
  • Macroeconomics
  • International Economics
  • Finance
  • Econometrics
  • Mathematical Economics
  • Game Theory
  • Behavioral Economics

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:


    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:


    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®
  • Minimum required score:


    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®

General Requirements

General Requirements

The admission requirements for applicants wishing to enroll in the Master Course Erasmus Mundus QEM are a good quality and recognized bachelor's degree (B.A., B.Sc., etc.) or an equivalent qualification at the same level, i.e. 180 ECTS credits in the Bologna system to apply for Quantitative Economics Master (QEM).

Language Requirements

As no course of English as a second language will be offered during the programme, the ability to attend courses through English is a must. Consequently, a recognised Certificate of Proficiency in English, preferably TOEFL, at a satisfactory level is required for applicants

This programme is taught in different countries. Which country are you interested in?

Tuition Fee

  • International

    12000 EUR/year
    Tuition Fee
    Based on the original amount of 6000 EUR per semester and a duration of 24 months.
  • EU/EEA

    6000 EUR/year
    Tuition Fee
    Based on the original amount of 3000 EUR per semester and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs

  • Barcelona, Spain

    770 - 1360 EUR/month
    Living Costs
  • Paris, France

    1195 - 1780 EUR/month
    Living Costs
  • Bielefeld, Germany

    680 - 1050 EUR/month
    Living Costs
  • Venice, Italy

    600 - 950 EUR/month
    Living Costs

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



The following sources of funding are open to Quantitative Economics Master applicants.

All Students
  • Consortium Scholarship
  • Erasmus Mundus Scholarship
  • Paris CROUS Grant
  • Paris CIUP Grant
  • Erasmus Scholarship
  • SciencesPo Scholarships
  • French-German Scholarship
  • Scholarships of International Institutions, Non-Governmental Organisations, Foundations
  • Scholarships of Foreign Governments
  • French Government Grants
  • German Government Grants
  • Italian Government Grants
  • Spanish Government Grants
European Union Students
  • Funding Sources by Member State
Non-European Union Students
  • French Government Grants
  • Pascal Scholarship
  • Other Resources
Erasmus Mundus Scholarships for master Economics

This scholarship is provided with the support of the Erasmus Mundus programme of the European Union.

Erasmus Mundus (EM) scholarships are EU funded scholarships to support students regardless thier country of origin to study selected MA programmes, including QEM.

The application to an EM Scholarship is done through the Online Application Form, at the same time when you apply for the QEM Master Program. You need to precise your wish to be considered as a Scholarship Applicant in Page C of File [2].

In order to make the program more attractive for Third-Country nationals, the amount of the full- study scholarship will be higher for Partner country students than for Programme country students. More specifically:

  • Erasmus+ Partner country students: students whose nationality is one of the Erasmus+ Partner Countries, i.e. non-EU countries with exception of Turkey, FYROM, Norway, Lichtenstein and Iceland AND who fullfil the residency & 12-month rule: who are not residents nor have carried out their main activity (studies, training or work) for more than a total of 12 months over the last five years in a Programme Country. The five-year reference period for this 12-month rule is calculated backwards as from the submission deadline.
  • The 12-month residency rule will not be applied to Partner country candidates who for various reasons and under various circumstances have sought refuge and received a refugee status in a Programme Country.
  • Erasmus+ Programme country students: Students with a Partner Country nationality who do not fulfil the Partner Country criteria defined above (residency + 12-month rule) i.e. Students whose nationality is one of the Erasmus+ Programme Countries (EU 28) count as programme country students.


  • Turkey, the former Yugoslav Republic of Macedonia (FYROM), Iceland, Liechtenstein and Norway entered the Erasmus+ Programme as "Programme Countries". Applicants who are nationals of these countries will be considered as Programme Country Students. This means that applicants from these countries have to apply as Programme Country Students (not as Partner Country Students) and will receive the corresponding scholarships.

  • Double Nationality: Students with a double nationality (of a Partner and of a Programme Country) must specify the nationality under which they submit their scholarship application. This means you can freely choose the Nationality under which you want to apply.

The awarded scholarships are exclusively for a full-time enrollment. Moreover, students benefiting from an EM-Scholarship cannot benefit from another Community grant while pursuing their studies within the QEM Master Program.

For the next academic year, the QEM Master Program will offer 6 scholarships for sure and a maximum of to 14 extra scholarships upon the validation of the EU.

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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.


Did you know you can compare your wishlisted programmes with our new Comparison tool?