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 a behavioral 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 ...

with related quantitative disciplines such as

Econometrics Econometrics is an 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. 8 ...

Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

Actuarial Science Actuarial science is the discipline that applies mathematics, mathematical and statistics, statistical methods to Risk assessment, assess risk in insurance, pension, finance, investment and other industries and professions. Actuary, Actuaries a ...

Probability Probability is a branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an e ...

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

, Mathematical Modeling,

Computation A computation is any type of arithmetic or non-arithmetic calculation that is well-defined. Common examples of computation are mathematical equation solving and the execution of computer algorithms. Mechanical or electronic devices (or, hist ...

and

Simulation A simulation is an imitative representation of a process or system that could exist in the real world. In this broad sense, simulation can often be used interchangeably with model. Sometimes a clear distinction between the two terms is made, in ...

Experimental Design The design of experiments (DOE), also known as experiment design 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. ...

, and

Political Science Political science is the scientific study of politics. It is a social science dealing with systems of governance and Power (social and political), power, and the analysis of political activities, political philosophy, political thought, polit ...

, 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 Geography of the European Union, located primarily in Europe. The u ...

. 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 scholarship A scholarship is a form of Student financial aid, financial aid awarded to students f ...

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 a postgraduate 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 prac ...

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 ...

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

macroeconomics Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output (econ ...

and financial

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

financial engineering Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathe ...

and

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

, quantitative

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

computational economics Computational economics is an interdisciplinary research discipline that combines methods in computational science and economics to solve complex economic problems.''Computational Economics''."About This Journal"an"Aims and Scope" This subject e ...

, 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 a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

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: D ...

, 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 to practice for a wide range of placements in businesses, non-profit organizations and g ...

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 to ...

component. The programs require a

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

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 Eu ...

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

mathematics Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many ar ...

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

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

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

probability Probability is a branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an e ...

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 matrix (mathemat ...

and

calculus Calculus 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 generalizations of arithmetic operations. Originally called infinitesimal calculus or "the ...

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 () 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 for achieving a ...

. 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

{{reflist

External links

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

Paris School of Economics official website

Economics education Economics schools