Economics

Need to know

A social science, economics involves analysis of all factors that could impact the production, distribution and consumption of goods and services. The subject not only draws on mathematics and statistics, but also looks at the market from the perspective of other social sciences, such as international studies and sociology.

Why should I study Economics at postgraduate level?

Mathematical sophistication is the main appeal of a master’s in Economics. Whether your course is theoretical-focused or career-oriented, you should expect to use complex statistic data to conduct independent research.

A Master’s in economics will not guarantee you a job, particularly during recession. It is not a requirement for entry-level jobs, but if you want to work in big international organisations such as the International Monetary Fund or the World Bank then usually a master’s degree is required.

Does it make sense to study economics abroad?

Yes, absolutely. Most aspects of economics operate on a global level. With even the smallest businesses often involved in international trade it is possible to say that every aspect of both Micro- and Macroeconomics has an international dimension. An understanding of this will inevitably improve your career options if you wish to become an economist for a multinational corporation or an international organisation.

Many Economics students intend to work in global finance after graduation. If this is the case for you, then we would advise you study at a university with well-established links with banks and other financial corporations.

Examples of postgraduate opportunities in economics abroad

Universita Bocconi in Italy is one of the world's leading universities for economics. It is the highest ranked non-US or UK university in this field. Bocconi offers several Masters degrees taught in English in the field of economics. The MSc in Economics and Management in Arts, Culture, Media and Entertainment takes advantage of Bocconi's excellence in economics as well as its location in Milan, one of the most vibrant cultural locations on the planet.

Bocconi also offers a number of excellent degrees in other fields of economics, finance and management. A wide range of scholarships are on offer to international students.

Dutch universities are generally very strong in economics, the highest ranked of which is Tilburg University. The MSc in Econometrics and Mathematical Economics at Tilburg University focuses on the mathematical and quantitative analysis of economic problems. Acquire the tools to apply mathematical and statistical methods to produce solutions to real-world economic and business challenges in everything from the labour market, capital investment and industrial organisations, to the strategic behaviour of firms and individual decision-making.

The Master's programme in Economics at Radboud University incorporates relevant knowledge from related disciplines such as psychology and sociology into the programme.
The programme offers small-scale teaching and personal approach to education, when all professors are easily approachable.
A major advantage of this research-based programme is its strong methods orientation, which is important in order to increase our understanding of the world of economics and business.
You will be exposed to the most recent academic and practical developments in the field of Economics, getting a competitive advantage on the labour market.

The MSc in Health Economics, Policy & Law at Erasmus University Rotterdam is multidisciplinary and specially designed for students interested in understanding the complexities of health care systems from different disciplinary perspectives. Successful students will be able to identify the policy and economics implications of legal rules and decisions, to advance arguments using both legal economics and political reasoning, as well as to grasp the differences between national health care systems. These skills will represent an exceptional asset to find professional openings at international firms, consultancy groups, international organisations like the UNO, WTO, EU, or to pursue an academic career.

The International Economics and Business MSc offered at University of Groningen is an excellent programme for students looking to focus on international trade. You will use state-of-the-art theories to discover the impact of global trade on economic growth and welfare. You will study global business and focus on the economic influence of firms and institutions. As you develop your skills, you will learn to recognize the forces that shape geographical patterns of economic activity. Also, you will learn to advise firms and governments on how to reap the benefits of globalization and international value chains.

What grades do I need to get in?

This really depends on the university you choose.

A Bachelor's degree in the fields of business, economics and mathematics is usually required. However, if you have other academic backgrounds, your application will be considered if you take the GMAT or GRE tests. For example, GRE or GMAT test with a satisfactory performance level in the quantitative section would increase the chances of admission to Universita Cattolica and Sciences Po.