Master of Science in Economics: Master of Science in Advanced Studies in Economics potx

Faculty of Economics and BusinessMaster of Science in Economics Master of Science in Advanced Studies in Economics PhD in Economics... • For all other applicants, the following requirem

Faculty of Economics and Business

Master of Science

in Economics

Master of Science in Advanced Studies in Economics

PhD in Economics

Discover KU Leuven

Situated in the heart of Western Europe, KU Leuven has been a centre of learning

for nearly six centuries Today, it is Belgium’s largest university Founded in 1425,

it is one of the oldest and most renowned universities in Europe

As a leading European research university and co-founder of the League of European

Research Universities (LERU), KU Leuven offers a wide variety of programmes in English, all supported by high-quality, innovative, interdisciplinary research

The university welcomes more than 40,000 students, of which 16% are international

students from more than 140 countries KU Leuven’s doctoral schools organise inter

-nationally oriented PhD programmes for over 4,000 doctoral students

The university is located in Flanders, the Dutch-speaking part of Belgium Leuven is a

modern, bustling and safe student city with a long and rich history Cultural and recreational

opportunities abound KU Leuven’s central location offers a truly international experience Major European capitals such as Brussels, Paris, London and Amsterdam are only a

(very) short train journey away

Faculty of Economics and Business

As one of KU Leuven’s 15 faculties, the Faculty of Economics and Business carries out education and research in five departments:

• Economics

• Marketing and Organisation Studies

• Accountancy, Finance and Insurance

• Managerial Economics, Strategy and Innovation

• Decision Sciences and Information Management

One of the Faculty’s most important assets

is its vast national and international network

It maintains strong links with the business and financial community by organising regular workshops with industry leaders and the European Commission, situated only 30 minutes from the campus Many of the alumni work at European institutions, and many staff members act as advisers to various European bodies and inter -national companies The Faculty's alumni network offers excellent communication channels and networking opportunities with leading figures

in industry and politics

External quality assessments prove the Faculty

of Economics and Business' teaching is internationally respected and renowned This academic reputation attracts students and scholars from across the globe, creating a vibrant, multicultural atmosphere The faculty has a truly international outlook, and its alumni can be found all over the world

This international focus is also clear in its wide international student exchange network The Faculty of Economics and Business participates extensively in the (intra-EU) Erasmus programme (with 65 partners) and has numerous agreements with leading universities outside the EU, including: the Wharton School of Business (University of Pennsylvania), the University of Illinois and Rochester University in the United States, the University of British Columbia and Queen’s University in Canada, the Indian Institutes of Management Calcutta and Bangalore in India, the Chinese University and the City University of Hong Kong, Tsinghua University and Fudan University in China, the University of Sydney and the University of Adelaide in Australia, Stellenbosch University in South Africa, Insper in Brazil, and the Singapore Management University

Why KU Leuven?

The faculty’s graduate-level and doctoral programmes aim to develop participants’

critical, conceptual, problem-solving and decision-making skills A graduate degree from

KU Leuven’s Faculty of Economics and Business equips students with fundamental and conceptual knowledge and analytical tools to cope effectively with the problems of the

current and constantly-changing business and economic environment Adopting a research based approach, focus is placed on the disciplines underlying business operations and economic decisions This enables graduates to acquire the necessary skills and tools for coping with current and future challenges

A variety of teaching methods (lectures, case discussions, exercises, computer-assisted problem-solving and individual research) is used to enhance students’ educational experience Students are expected to participate actively The faculty evaluates classroom work,

written assignments and examinations on a regular basis The workload is demanding,

as to be expected from a high-quality graduate school The faculty’s international

credentials and academic reputation guarantee the quality of the programme

Master of Science

in Economics

As an economist, you will observe the various players (individuals, companies, domestic and foreign governments) and their interactions within the global economy You will be able to interpret the general economic situation in a wider social and legal context The programme offers students with a Bachelor’s degree a theoretical framework, allowing them to provide well-grounded answers to socio-economic questions

Why KU Leuven?

KU Leuven offers a broad-based programme, which includes many courses that stimulate reflection and critical thinking in a more general and social context

Profile

By the end of this Master’s programme, you will have thoroughly mastered key economic principles You will learn to interpret individual, interpersonal and social phenomena from

a global economic perspective You should therefore have broad interests in social and scientific matters and demonstrate critical and creative thinking You are eager to gain in-depth knowledge of economic research, develop strategies for addressing economic challenges and interpret existing research outcomes You will be expected to develop

a high degree of autonomy with regard to knowledge, research and methodology

Admission requirements

• For Flemish applicants, see www.econ.kuleuven.be/ond/studiekiezerdiploma.

• For all other applicants, the following requirements apply:

Degree requirements

Applicants should hold a university Bachelor's degree in Economics or Business Economics comparable to a Bachelor's degree in Economics, Applied Economics or Business Engineering from the Faculty of Business and Economics at KU Leuven

By a degree in Business or Economics we mean a broad-based academic education,

not a technical training programme (e.g marketing or hotel management) Please note that our faculty has a strong analytical/ mathematical approach In order to verify whether you

have sufficient background knowledge in this respect, see

www.econ.kuleuven.be/eng/edu/docs/me-prerequisites.pdf

Comparability is evaluated by the Admissions Board on the basis of information provided

by the applicant (see required documents)

Language requirement

• All applicants must submit a satisfactory score on one of the following internationally

recognised tests of English language proficiency:

- TOEFL (minimum score 575 paper-based, 233 computer-based, 90 internet-based)

- IELTS (minimum score 7)

• An exemption from the TOEFL or IELTS is only possible for applicants with a

university degree or high school degree earned in Australia, Canada, Ireland, New

Zealand, United Kingdom or the United States The certified diploma and transcripts suffice, provided they confirm that the entire study was completed in English

Required documents

All applicants should provide the following documents:

• certified copies of degrees, transcripts and, if available, a ranking indication;

• the comparability form with a course description of all relevant courses

(see www.econ.kuleuven.be/eng/edu/admissionrequirements);

• two recommendation forms (see www.econ.kuleuven.be/eng/edu/

admissionrequirements) completed, signed and posted in a sealed envelope signed

over the lid by the referee to the Faculty of Economics and Business Forms not

provided in a sealed envelope signed across the lid by the referee will be regarded

as void The recommendation forms can also be mailed directly by the referee to

fbe@econ.kuleuven.be;

These documents suffice for applicants with a non-Belgian degree from:

• universities which have an exchange agreement with the Faculty of Economics

and Business of KU Leuven

• universities in the global top 200 in the most recent Times Higher Education

or QS rankings

Additional information is required for applicants from other universities as it is impossible for us to reliably assess degree comparability In those cases a GMAT or GRE result

above the 75th percentile on the quantitative part is required

The Admissions Board evaluates all applications and has the final say on the admissibility

of the student Incomplete application files will not be evaluated

MASTER OF SCIENCE IN ECONOMICS 60 ECTS

Compulsory General Core 12

Major 1: General Economics

• Core courses

Students choose 24 ECTS including at least 12 ECTS from the major courses and a maximum of 12 ECTS in elective ECTS

• Major courses

- Environmental and Transportation Economics 6

• Electives

Programme

The programme consists of a common core of two programme units and a Master’s thesis You select one of the three majors, which prepares you for an advanced Master

General Economics major

Master of Science in Economics

Research in Economics major

Master of Science in Advanced Studies in Economics

Master of Science

in Financial Economics

Financial Economics major

- Internship 6

Major 2: Research in Economics

• Core courses

• Electives (Students choose 12 ECTS)

GROUP 1: students choose at least one of these courses

GROUP 2: students choose one course from this group

- Environmental and Transportation Economics 6

Major 3: Financial Economics

• Core courses

• Electives (students choose 18 ECTS from the following list)

Application procedure

• Non-EEA citizens must submit a complete application file by 1 March EEA citizens (or non-EEA citizens with a residence permit for Belgium) are strongly advised to submit their application file before 1 June but can apply until the end of August

• Tuition fee: ±600 EUR

For more information on how to apply, please visit

www.econ.kuleuven.be/eng/edu/prospectivestudent

Career prospects

As a graduate of this Master’s programme, you will have a very informed perspective on economics and society as a whole Moreover, you will be equipped to address a variety

of social problems in an economically and socially sound way This expertise and flexibility qualifies you for employment in a variety of fields The following career options are well-suited to the skills developed in this programme:

• Policy development in sectors in which decision-making is highly dependent on the external economic context: government research centres, professional associations, large enterprises and international organisations

• Problem solution and implementation in managerial positions involving external communication, i.e government departments, public institutions, international organisations, financial services, companies and social organisations

• Critical reflection on and transfer of knowledge in education and basic scientific research

• External communication, journalism and public relations in companies and social organisations

Immediately after graduating, I worked in the Student Guidance Centre for six years This meant I could put to good use what I had learned, primarily looking at the world through an economic lens This was more important

to me than course content, although I found most courses interesting I have similar experiences in my current job as an environmental economist with the Flemish regional government Most of my colleagues have a degree in natural sciences They have extensive knowledge of the measures and

techno logies that can be used in order to protect or regenerate the environ -ment However, the government budget to reach these targets is obviously limited So it’s important to single out those measures that yield the best

possible result within the given budget And that’s a typical economic line

of reasoning.

(Graduate)

Master of Science

in Advanced Studies

in Economics (MASE)

The Master of Science in Advanced Studies in Economics is the second year of coursework within the doctoral programme in Economics After having successfully completed core economics courses in the research track of the initial Master of Science in Economics

(or comparable programmes at other universities), the MASE programme aims to take

students closer to the research frontier Students apply the tools they have acquired

during their first year to interesting problems in economics The programme features a

choice of courses from different fields within economics, a doctoral workshop and weekly seminars given by guest speakers The goal of the programme is to enable you to find a promising research topic and to develop your own research on this topic This research leads to the MASE thesis, which for many will become the first chapter of their doctoral dissertation Each year, the programme brings together about 25-30 students from all

corners of the globe, providing a very stimulating and international atmosphere

Admission requirements

Prior education requirements

• Students with a KU Leuven Master’s degree in Economics (major Research) awarded with distinction (cum laude) by the Faculty of Economics and Business of KU Leuven have direct access to the programme Students who do not have distinction may still apply for admission The Admissions Board decides on admissibility

• Other applicants should hold a diploma from one of the following two groupings:

- a university Master’s degree in Economics, Business Economics or Business Engineering awarded by the Faculty Economics and Business at KU Leuven or

a degree comparable to a Master’s degree in Economics, Applied Economics or Business Engineering from the Faculty of Economics and Business at KU Leuven;

- another 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

Admissibility is evaluated by the Admissions Board on the basis of information provided

by the applicant (see required documents)

Applicants should be able to demonstrate above-average academic performance (e.g have obtained distinction in previous studies)

Language requirement

• All applicants must submit a satisfactory score on one of the following internationally recognised test of English language proficiency:

- TOEFL (minimum score 575 paper-based, 233 computer-based, 90 internet-based)

- IELTS (minimum score 7)

No other proficiency tests will be accepted

• An exemption from the TOEFL or IELTS is only possible for applicants with a

university degree or high school degree earned in Australia, Canada, Ireland, New Zealand, United Kingdom or the United States The certified diploma and transcripts suffice, provided they confirm that the entire study was completed in English

Required documents

All applicants should provide the following documents:

• certified copies of transcripts, degrees and, if available, a ranking indication;

• a GMAT or GRE score A GRE or a GMAT test result above the 90th percentile on

the quantitative part (or on average) normally entails immediate admission, provided all other requirements are met as well, but this is not an absolute minimum