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Master of Advanced Studies in Economics (Adv.)

University of Leuven

Faculty of Economics and Business Economics
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Disciplines:
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Application Deadline: June 1 (EEA); March 1(Non EEA)
Annual Tuition Fee: ≈ € 1,400
Location: Leuven / Belgium / View location on map ▾ Hide location on map ▴
Duration: 12 months Start Date: September
Educational Form:
  • Research
Education Variants:
  • Parttime
  • Fulltime
Credits (ECTS): 60
Languages: English 
4.700259,50.877955

Location of University of Leuven

The Master of 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 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 of 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 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.

My profile

The programme is geared towards students with an adequate background in economics, a keen interest in recent analytical developments in economics and the desire to work in research positions in business, in national and international institutions and at universities, or to pursue a PhD in economics.

Study programme

All students take the course Advanced Time Series Analysis, participate in a doctoral workshop and attend the department’s weekly research seminar. In addition, students take five field courses and write a Master’s thesis. Subject to approval by the Programme Co-ordinator, students may take courses from the corresponding advanced economics programmes at the nearby economics department of the Université Catholique de Louvain (UCL) and the Université Libre de Bruxelles (ULB). The Master’s thesis consists of a research paper on a specific problem in the student’s field of interest. The student learns how to formulate and solve an economic problem and how to report his/her findings. The thesis should represent a contribution to the field and show that the student masters the methodological tools used in economics and can apply them independently.


Contents

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

IELTS

You are normally required to take an English Proficiency Test.

Most European Universities recognise the IELTS test.

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Requirements

PRIOR EDUCATION REQUIREMENTS*

Students with a K.U.Leuven Master's degree of Economics (Major Research) awarded with distinction (cum laude) by the Faculty of Business and Economics of K.U.Leuven, have immediate access to the programme.
Students who do not have distinction can apply for admission. The Admissions Board decides on the admissibility.

* Other applicants: should hold a diploma from either of the following two classes:
o a university Master's degree in Economics, Business Economics or Business Engineering awarded by the Faculty of Business and Economics at K.U.Leuven K.U.Leuven or comparable to a Master's degree in Economics, Applied Economics or Business Engineering from the Faculty of Business and Economics at K.U.Leuven
o another university degree requiring at least four years of study 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, including certified copies of diploma and transcripts etc (see below). Academic performance should be above average (e.g. applicants should have obtained distinction).

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.

ADDITIONAL CREDENTIALS Next to certified copies of diplomas and transcripts, all applicants must provide
* a GRE-score. A GRE-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.

Additional Requirements

Minimal degree required: Master's degree
Minimal amount of work experience Not specified

Language Proficiency

IELTS Band: 7.0
TOEFL Paper-based: 575
TOEFL Computer-based: 233
TOEFL Internet-based: 90

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