The Master in Economic Analysis aims at providing rigorous training in economic theory and econometrics. It is suitable for students interested in working as economic analysts both in the public and in the private sector, as well as for those interested in continuing their studies to obtain a Ph.D. in Economics.
The Master in Economic Analysis is the natural starting point for students who wish to pursue a Ph.D. in Economics at the University of Cyprus and do not already hold a research-oriented Master’s degree.
The language of instruction is English.
The typical duration of the programme is three semesters.
To apply to the programme, click on the following link:
Online application form
Initial deadline for applications: 31/03/2023
Second Evaluation Round: 30/04/2023
Final Deadline: 30/06/2023
Applications received after the initial deadline are evaluated on a rolling basis. Interested candidates are encouraged to apply as soon as possible to ensure that they can be evaluated while there are still available positions and funding opportunities.
Funding:
The Department provides funding opportunities to selected candidates. These include scholarships that cover the tuition fees of the programme and, in some cases, additional financial aid through employment by the Department as teaching or research assistants.
Typically, the initial offer of financial support covers the first year of studies and its renewal depends mainly upon the student’s performance in the programme.
Students who are not financed during their first year of studies are still evaluated regarding the possibility of receiving financial support in subsequent years.
The Department tries its best to clarify the financial support that incoming students should expect as soon as possible. Oftentimes, this is done already when the Department offers a position to the applicant in the programme or soon after that.
Successful graduates will develop all the analytical skills needed for conducting research in all fields of economics. They will also acquire all the necessary tools to analyze the economic environment and to design economic policies.
Department: Department of Economics
Faculty: Faculty of Economics and Management
Programme Name: Economic Analysis
Direction: Economic Analysis
Level of Qualification: 2nd Cycle (Master's Degree) [3 Semesters]
Mode of Study: Full time
Language of Instruction: English
Coordinator: Asst. Professor Nikolas Tsakas
For the Master in Economic Analysis the requirement is twelve courses or eight courses plus a Master's thesis.
Master Thesis (ECO699 – 30ECTS):
The thesis should demonstrate in-depth knowledge of a particular topic and should contain original research elements. The thesis is presented to students and faculty and is marked independently by the student’s advisor and a faculty member with similar research interests appointed by the Departmental Committee of Graduate Studies.
Students can also enrol in the Master Thesis during the summer semester.
If work on the thesis extends beyond one semester, students can register in ECO 600 Master's Thesis (1 ECTS) for at most two subsequent semesters.
Admission Requirements:
The minimum requirements for admission to the Master in Economic Analysis are:
1. A Bachelor’s degree (not necessarily in Economics) and a strong background in quantitative methods.
2. Very good command of the English language.
Admission Process:
Documents Required for the Application:
1. Application through the Online Application System of the University (see here).
2. Two letters of recommendation.
3. Copies of university degrees or a statement of expected graduation in the month preceding enrolment in the postgraduate programme.
4. Transcripts as appropriate.
5. Curriculum vitae.
6. Motivation letter.
7. English proficiency exam (This can be certified by international standardized tests such as GCE, TOEFL or other and are determined by the Department, see here).
Students must always refer to the University's' Postgraduate Study Rules.
During the first two semesters, the students take two core courses in each of the three core areas of Economic Theory: Microeconomics, Macroeconomics and Econometrics, as well as one course of Analytical Methods and one elective course. During the third semester, students either take four more field courses that give them the opportunity to acquire expertise in the research area they are interested in, or they write a master thesis.
The students need to complete 90 ECTS, according to the requirements described in the Course Structure.
The exams of courses are conducted according to the rules described in the Postgraduate Study Rules.
The grading system is numerical, from 0 to 10 with increments of 0.5. The minimum passing grade is 5. The final grade of a graduate student is calculated as the grade point average of all courses passed by the student. In a postgraduate programme of study, courses can be graded as Success/Failure. These courses do not count towards the student’s GPA, and may not exceed 25% of the programme’s ECTS, with the exception of the dissertation units. All courses are presented in the Postgraduate Studies Prospectus. The Master Thesis is graded qualitatively as Excellent, Very Good, Good, and Fail.
The Master in Economic Analysis is primarily a research-oriented programme.
Several of its graduates continue their studies to pursue a Ph.D. in Economics, either at the University of Cyprus or in other institutions. Graduates of the programme have been admitted at top Ph.D. programmes worldwide, including University of Wisconsin-Madison, University of Maryland and Universidad Carlos III de Madrid. In addition to these, graduates of the Department, several of which had taken courses from the Master in Economic Analysis, have been admitted among other to the University of Rochester, Columbia University, Washington University in St. Louis, Universitat Pompeu Fabra, and others.
Graduates who did not pursue a Ph.D. have found employment in the private sector, mainly in financial institutions, as well as in competitive positions in governmental organizations, including the Central Bank of Cyprus and the Ministry of Finance.
The Master in Economic Analysis is the natural starting point for students who wish to pursue a Ph.D. in Economics.