M.Sc. Mathematics-Economics

Aarhus University

Application deadline: 15 March
Tuition fee:
  • Free (EEA)
  • € 15,300 / Year (Non-EEA)
Start date: February  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Delivery mode: On Campus
Educational variant: Full-time
More information: Go to university website

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Description

Have you thought about how rates for a new mortgage loan should be fixed – with an interest-rate ceiling or as interest-only loans? In fact it was mathematics–economics graduates who developed the model used for fixing the cost of such loans. All major companies face complex problems, and many turn to a mathematics–economist when they do. Mathematics–economists are experts in designing optimisation strategies, something that requires great theoretical insight into both economics and mathematics.

As a student of mathematics–economics, you have the option of specialising in a subject within a broad area, including one of the areas of mathematics–economics in which Aarhus University is particularly strong: mathematical finance, economics, and operations research.

Structure of the degree programme

The MSc in Mathematics–Economics programme is taught at the Department of Mathematics and the Department of Economics and Business. It counts as 120 ECTS credits. Students specialise through course activities and projects and through a thesis. In the first week, students structure their own individual study programme with the help of a lecturer by choosing courses from a course catalogue. The programme is designed on the basis of each individual student’s academic qualifications, interests, and subjects studied at BSc level. The study plan must be approved by the board of studies before the student can register for exams.

Study trips and festive traditions

The study environment for mathematics–economics has a reputation for enthusiastic, active student involvement. The social and academic associations at the department keep up a number of festive traditions and organise many events. These include company visits and study trips, alternating annually between trips abroad and trips to Copenhagen.

CAREER PROFILE

Job prospects for mathematics–economists are extremely positive and career opportunities are many. A large proportion of our graduates find work in the private sector. Banks and insurance companies are the major workplaces for mathematics–economists, with many being employed as problem-solvers in consultancy and telecommunications companies. Planning departments in large industrial or manufacturing companies also represent a relevant job market. In the public sector, there are jobs in administration and planning at universities and other educational institutions, on supervisory boards and in ministries. The degree programme also qualifies graduates for a career as a researcher.

Contents

The MSc in Mathematics-Economics programme is taught at the Department of Mathematics and the Department of Economics and Business and counts as 120 ECTS credits. Students specialise by participating in course activities and projects and by writing a thesis. During the first week, students structure their own individual study programme with the help of a lecturer by choosing courses from a course catalogue.

The programme is designed on the basis of the individual students academic qualifications and interests and the subjects studied at BSc degree level. The study plan must be approved by the Board of Studies before the student can register for exams.

Requirements

The following Bachelors degrees qualify students for admission to the Masters degree programme in Mathematics-Economics:

  • A Bachelor of Science degree in Mathematics-Economics from Aarhus University, the University of Southern Denmark or the University of Copenhagen.
  • A Bachelor of Science degree in Mathematics from Aarhus University with elective subjects in Economics and Business Management equalling a total of 60 ECTS credits. It is not possible to specialise in Financing with this combination.

The following other degrees can provide admission to the Masters degree programme in Mathematics-Economics:

  • A Bachelors degree amounting to at least 60 ECTS credits in Mathematics-Economics can qualify the student for admission.

Other qualifications can provide admission to the Masters degree programme, provided the university assesses that their level, extent and content correspond to the degrees mentioned above.

In connection with possible admission, further requirements can be stipulated regarding the composition of the degree programme.
It is a condition that the students language skills correspond to a B level in English.

English Language Requirements

IELTS band: 6.5
TOEFL paper-based test score : 560
TOEFL iBT® test: 83

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