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| Application Deadline: | June 1 (EEA); March 1 (Non EEA) | ||
| Annual Tuition Fee: | ≈ € 550 | ||
| Location: | Leuven / Belgium / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 24 months | Start Date: | September |
| Educational Form: |
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| Education Variants: |
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| Credits (ECTS): | 60 | ||
| Languages: | Dutch English | ||
The Master's
As an economist, you will observe the various players (individuals, companies, domestic and foreign governments) and their interaction within the global economy. You will be able to interpret the general economic situation in a wider social and legal context. The programme offers a theoretical framework, allowing you to provide well-grounded answers to socio-economic questions.
Why K.U.Leuven?
Only two universities in Flanders offer an Economics degree. K.U.Leuven offers a broad-based programme, which includes many courses that stimulate reflection and critical thinking in a more general and social context.
My profile
In completing this Master’s programme, you will gain thorough mastery of key economic principles. You will learn to interpret individual, interpersonal and social phenomena from a global economic perspective. Hence, you should have broad interests in social and scientific matters and demonstrate critical and creative thinking. You wish to gain in-depth knowledge of economic research, to develop strategies for addressing economic challenges and to interpret existing research outcomes. You will be expected to develop a high degree of autonomy with regard to knowledge, research and methodology.
Study programme
The programme consists of a common core of two programme units and a Master’s thesis. This is a thesis written under the guidance of a supervisor and a tutor. In addition, you will need to select one of three majors: a General Economics major, a Research in Economics major, which prepares you for entry into the Master of Advanced Studies in Economics, or a Financial Economics major, which prepares you for entry into the Master of Financial Economics.
Assets
The Leuven School of Business and Economics
As one of K.U.Leuven’s 13 faculties, the Faculty of Business and Economics conducts teaching and research in five departments:
One of the faculty’s most important assets is its vast national and international network. We maintain strong links with the business and financial community by organising regular workshops with captains of industry and the European Commission, situated only half an hour from our campus. Many of our alumni work at European institutions, while many of our colleagues act as advisers to various European bodies and international companies. The student association, Ekonomika, is equally active via its Business-to-University lectures programme. Our Alumni network offers excellent communication channels and networking opportunities with top people in industry and politics.
We have a wide international student exchange network. Not only do we participate extensively in the (intra-EU) Erasmus programme via 65 partners, we also have numerous agreements with leading universities outside the EU, e.g. the Wharton School (University of Pennsylvania), the University of Chicago, Cornell University, the University of Illinois and Rochester University in the USA, the University of British Columbia, Queen’s University, the University of Toronto and the Université de Montréal in Canada, the Indian Institutes of Management Calcutta and Bangalore in India, the Chinese University and the City University of Hong Kong, Beida, Tsinghua and Fudan in China, Queensland University of Technology Brisbane and the University of Sydney in Australia, Insper in Brazil, Esan in Peru, the University of Monterrey in Mexico and the Singapore Management University.
Career prospects
When you graduate from this Master’s programme, you will have a very informed perspective on society as a whole. Moreover, you will be equipped to address a variety of social problems in an economically and socially sound way. Thanks to the expertise and flexibility you will have acquired, you will be qualified for employment in a variety of fields. The following career options are well-suited to the skills you will develop in this programme:
The programme consists of a common core of two programme units and a Master’s thesis. This is a thesis written under the guidance of a supervisor and a tutor. In addition, you will need to select one of three majors: a General Economics major, a Research in Economics major, which prepares you for entry into the Master of Advanced Studies in Economics, or a Financial Economics major, which prepares you for entry into the Master of Financial Economics.
MASTER OF ECONOMICS 60 credits
COURSE / CREDITS
Compulsory General Core 12
• Macroeconomics 6
• Microeconomics 6
Majors 48
Major 1: General Economics
• Core Courses
- Econometric Methods & Models 6
- Master's thesis 18
Students choose 24 credits including at least 12 credits from
the major courses and a maximum of 12 elective credits
• Major courses
- Advanced Development Economics 6
- Economic Aspects of European Integration 6
- Environmental and Transportation Economics 6
- Advanced Labour Economics 6
- Macro Finance 6
- Advanced Public Economics 6
- Advanced Industrial Economics 6
COURSE / CREDITS
• Electives
- Advanced Macroeconomics 6
- Advanced Microeconomics 6
- Competitive Analysis and Strategy 6
- Political Business Strategy 6
- Strategic Financial Management 6
- The Economics of China 6
Major 2: Research in Economics
• Core Courses
- Advanced Microeconomics 6
- Advanced Macroeconomics 6
- Advanced Econometrics 6
- Dynamic Methods 3
- Master's project Research in Economics 15
• Electives (Students choose 12 elective credits)
GROUP 1: students choose at least one econometric course
- Advanced Time Series Analysis 6
- Advanced Applied Econometrics 6
GROUP 2: students choose one course from the general economics major
- Advanced Development Economics 6
- Economic Aspects of European Integration 6
- Environmental and Transportation Economics 6
- Advanced Labour Economics 6
- Macro-Finance 6
- Advanced Public Economics 6
- Advanced Industrial Economics 6
Major 3: Financial Economics Major
• Core Courses
- Econometric Methods & Models 6
- Strategic Financial Management 6
- Macro Finance 6
- Master's thesis 18
• Electives (students choose 12 credits from the following list)
- Asset Prices: Basic Models and Tests 6
- The Economics of Financial Intermediation 6
- Financial Statement Analysis 6
- Security Pricing and Portfolio Selection 6
- Advanced Industrial Economics 6
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.
More informationPRIOR EDUCATION REQUIREMENTS*
Applicants with a Belgian university diploma: See admission requirements Master of Science in de Economische Wetenschappen
* Applicants with a non-Belgian university diploma: 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 K.U.Leuven. Comparability is evaluated by the Admissions Board on the basis of information provided by the applicant, including certified copies of diploma and transcripts and possibly other documentation (see below).
By a degree in Business or Economics we mean a broad-based education, not a technical training in e.g. marketing or hotel management. Also, our Faculty has a far more analytical/mathematical approach than the average European or American programme. For more information about the prerequisites for this programme
PROOF OF PROFICIENCY IN ENGLISH
Applicants who are non-native speakers of English must provide evidence of English language proficiency.
* Applicants with a K.U.Leuven degree: Applicants that already successfully completed an English-taught programme at K.U.Leuven, do not have to take an English proficiency test.
* Applicants with a university degree earned in Australia, Canada, Ireland, New Zealand, United Kingdom or the USA: the certified diploma and transcripts suffice, provided they confirm that the entire university study was completed in English. Absolutely no other diplomas will be accepted as evidence even if the applicant has followed an exclusively English-taught programme.
* Other applicants should submit a satisfactory score on an internationally recognized test of English language proficiency: TOEFL (minimum score 575 paper-based, 233 computer-based, 90 internet-based) or IELTS (minimum score 7). No other proficiency tests will be accepted, and absolutely no application will be considered without such a test certificate.
CREDENTIALS REGARDING PRIOR EDUCATION
For applicants from outside Belgium, comparability of the diploma is not always easily established.
Certified copies of transcripts and diplomas are required for all applicants. These documents also suffice for applicants from
* universities that have an exchange agreement with the Faculty of Business and Economics of K.U.Leuven
* universities that are in the global top 200 in the most recent Times Higher Education or QS rankings
Additional documentation is required for applicants from other universities as it is impossible for us to reliably assess the comparability. In those cases the admission board will take a positive decision only if supporting information is provided:
* 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.
* two recommendation forms, filled out and signed, and mailed in a closed envelope signed over the lid by the referee to the Faculty of Business and Economics. Forms not provided in a closed 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.
* a letter of motivation written and signed by the applicant, explaining the choice for Leuven and for this particular programme
The Admissions Board evaluates all applications and has the final say on the admissibility of the student, taking into account the relevant information.
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
| IELTS Band: | 7.0 |
| TOEFL Paper-based: | 575 |
| TOEFL Computer-based: | 233 |
| TOEFL Internet-based: | 90 |
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