The European Joint Master degree in Economics provides a rigorous education in fundamental

quantitative Quantitative may refer to: * Quantitative research, scientific investigation of quantitative properties * Quantitative analysis (disambiguation) * Quantitative verse, a metrical system in poetry * Statistics, also known as quantitative analysis ...

tools by combining

economic theory Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyze ...

with related quantitative disciplines such as

Econometrics Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. ...

Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

, Actuarial Science,

Probability Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, ...

Statistics Statistics (from German: '' Statistik'', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, indust ...

, Mathematical Modeling,

Computation Computation is any type of arithmetic or non-arithmetic calculation that follows a well-defined model (e.g., an algorithm). Mechanical or electronic devices (or, historically, people) that perform computations are known as ''computers''. An esp ...

and

Simulation A simulation is the imitation of the operation of a real-world process or system over time. Simulations require the use of Conceptual model, models; the model represents the key characteristics or behaviors of the selected system or proc ...

Experimental Design The design of experiments (DOE, DOX, or experimental design) is the design of any task that aims to describe and explain the variation of information under conditions that are hypothesized to reflect the variation. The term is generally associ ...

, and

Political Science Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and ...

, managed by consortia of higher education institutions from the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of ...

. The first European Joint Master degree in Economics was the

Erasmus Mundus The European Union's Erasmus Mundus programme (named after Erasmus, the Renaissance scholar) aims to enhance quality in higher education through scholarships and academic co-operation between the EU and the rest of the world. The three main objec ...

QEM - Models and Methods of Quantitative Economics. It was approved by the

in 2006 as international graduate degree program designed by a Consortium of European Universities. The number of European universities or institutions making up a consortium varies from the degree awarding program. The nature of the degree differs from other

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

in Economics or finance. Compared to the

Master of Finance The Master of Finance is a master's degree awarded by universities or graduate schools preparing students for careers in finance. The degree is often titled Master in Finance (M.Fin., MiF, MFin), or Master of Science in Finance (MSF in North Am ...

Master of Economics The Master of Economics (MEcon or MEc) is a postgraduate master's degree in economics comprising training in economic theory, econometrics, and/or applied economics. The degree is also offered as an MS or MSc, MA or MCom in economics; varia ...

, this European degree is joint and prepares graduate for a wide range of careers which utilize their competency in economics, including

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

and financial

forecasting Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual ...

, financial engineering and risk management, quantitative

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

computational economics Computational Economics is an interdisciplinary research discipline that involves computer science, economics, and management science.''Computational Economics''."About This Journal"an"Aims and Scope" This subject encompasses computational model ...

, quantitative trading, and applied and theoretical research. Unlike programs which are substantially quantitative, this degree provide a merge of both theory and empirics useful in practice. Closely related degrees include the "Master of Quantitative Finance and Economics" and "Master of Finance and Economics". Often, the degree prepares graduates for both research orientation for further studies and in the job market for positions in government organizations, private companies or financial institutions. This joint degree is officially recognized as a master degree in each university and each country with the same rights and duties with the national degree. The degree is gaining in recognition as graduate placements have increased over the past few years.

Structure

European Joint Master degree in

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

is usually two years in duration, and typically include a

thesis A thesis ( : theses), or dissertation (abbreviated diss.), is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings.International Standard ISO 7144 ...

, an

internship An internship is a period of work experience offered by an organization for a limited period of time. Once confined to medical graduates, internship is used practice for a wide range of placements in businesses, non-profit organizations and gover ...

research Research is "creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness ...

component. The programs require a

bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to si ...

or an equivalent qualification at the same level, i.e. 180 ECTS credits in the

European Credit Transfer and Accumulation System The European Credit Transfer and Accumulation System (ECTS) is a standard means for comparing academic credits, i.e., the "volume of learning based on the defined learning outcomes and their associated workload" for higher education across the ...

prior to admission. A typical requirement is exposure to economics,

mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ...

applied mathematics Applied mathematics is the application of mathematical methods by different fields such as physics, engineering, medicine, biology, finance, business, computer science, and industry. Thus, applied mathematics is a combination of mathemati ...

, quantitative economics or finance. Like many master programs in Economics or finance, a review of

statistics Statistics (from German: '' Statistik'', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, indust ...

probability Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, ...

theory,

linear algebra Linear algebra is the branch of mathematics concerning linear equations such as: :a_1x_1+\cdots +a_nx_n=b, linear maps such as: :(x_1, \ldots, x_n) \mapsto a_1x_1+\cdots +a_nx_n, and their representations in vector spaces and through matrice ...

and

calculus Calculus, originally called infinitesimal calculus or "the calculus of infinitesimals", is the mathematics, mathematical study of continuous change, in the same way that geometry is the study of shape, and algebra is the study of generalizati ...

are provided as a preliminary course. The curriculum is distributed between theory, applications, and simulations, with the emphasis on each differing by university in the

consortium A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources ...

. The degree programs are usually funded by the

Scholarship.

List of European Joint Master degree Programs in Economics

The list of programs awarding this joint degree are as follows: * EMLE - European Master in Law and Economics *EMIN - Erasmus Mundus Joint Master in Economics and Management of Network Industries *EPOG - Master's Course - Economic Policies in the age of Globalisation : knowledge, finance and development *MEGEI - MA Economics of Globalisation and European Integration *QEM - Erasmus Mundus Models and Methods of Quantitative Economics

List of Participating Institutions

Here are some institutions among

of universities offering the European Joint Master degree in Economics: * Université Paris 1 Panthéon-Sorbonne, Paris, France * Universidad Autónoma de Barcelona Barcelona, Spain * Universität Bielefeld, Bielefeld, Germany * Università Ca' Foscari Venezia, Venice, Italy * Comillas Pontifical University, Madrid, Spain * Technische Universiteit Delft, The Netherlands * University of Paris-Sud, France * Florence School of Regulation of the European University Institute (Italy) * Catholic University of Leuven, Belgium * Università di Bologna, Italy * Université d'Aix-Marseille, France

References

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External links

"EACEA: Education, Audiovisual and Culture Executive Agency official website

Paris School of Economics official website
Education in Europe Economics schools

Economics education