Master in Economics and Finance(MEF) is a two-year English-language Master's degree programme, which aims to give the student a thorough grounding in both theoretical and applied economics. It is taught at Charles University in Prague, Faculty of Social Sciences by members of the Institute of Economic Studies (IES).
The programme aims to give the student a thorough grounding in both theoretical and applied economics. We put emphasis on developing abstract analytical reasoning, which allows our graduates to solve complex economic problems in various settings. The applicants must have solid background in Mathematics and good command of English. Courses are taught both by members of the Institute of Economic Studies (IES) and external professionals from the central bank, commercial banks and business analysts. Our graduates typically assume challenging positions in banking, consulting, investment funds and public administration.
MEF is currently accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree programs incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA Exams. The CFA charter is the most respected and recognized financial degree in the world. Earning the CFA charter demonstrates the skills needed for investment analysis and decision making in todays global financial industry.
The MEF programme consists of 120 ECTS credits (a typical course corresponds to 4 – 6 credits). The courses are consist of the core courses (33 ECTS credits), the field elective courses (67 ECTS credits), the off-field elective courses (12 ECTS credits), and two Master’s Thesis seminars (9 ECTS credits). The core and field elective courses are taught at the Institute of Economic Studies (IES), the off-field elective courses can be taken at any department of Charles University. The courses are taught both by IES faculty and by external professionals from the central bank, the commercial banks, and from the investment and consulting companies.
Core Courses. Compulsory core courses introduce the students to the advanced topics in macroeconomics, microeconomics and econometrics as well as to two major fields in finance, namely financial markets and banking. The core courses are intended to give a broad overview of the major topics in economics and finance, and to provide a solid background for further studies of specialized elective courses. In total, the core courses give 33 ECTS credits.
Field Elective Courses. Field elective courses cover a wide range of specific areas in economics and finance, which allows the students to specialize in the field of their interest. The topics include advanced economic theory (e.g. business cycles theory, economic dynamics, game theory), applied economics and economic policy (e.g. monetary economics, international macroeconomics, antitrust economics, health economics, environmental economics, development economics), theoretical finance (e.g. quantitative finance), and applied finance and investment (corporate finance, portfolio analysis and risk management, international finance, insurance, company valuation, real estate investment). We also offer courses in complementary areas (e.g. strategic management, corporate governance, law and regulation). Students are required to collect at least 67 ECTS credits for elective courses.
Off-Field Elective Courses. Off-field elective courses can be taken at any department of Charles University or at any partner university. Students may take 12 ECTS credits outside of the Institute of Economic Studies. These credits can also be used to follow the Czech language classes offered by the Faculty of Social Sciences.
Graduation Requirements. Besides completing 120 ECTS credits in the pre-defined structure students must also defend their Master’s Thesis and pass the final comprehensive examination from two core subjects and two electives. Every student chooses a supervisor who guides him or her through the thesis writing process. Two compulsory Master’s Thesis seminars are offered to help students with academic writing skills.
You can apply until:
Always verify the dates on the programme website.
This programme requires students to demonstrate proficiency in English.Take IELTS test
Bachelor degree in a related field. Proven mathematical ability (GMAT or GRE preferred). Proven English-language ability (for students who are not native speakers).
The early admissions deadline for academic year 2017/18 is 28th February 2017. The early admissions deadline is strongly recommended for students from non-EU or non-EFTA countries who will need a student visa in order to study in the Czech Republic.
The regular deadline for academic year 2017/18 is 30th April 2017. The application fee is 530 CZK (approximately 20 EUR).
There will be no entrance examinations. Applicants' materials will be assessed by an admissions committee in March/May respectively. Successful applicants will be informed at the beginning of April/June respectively, so they can apply for their student visa.
StudyPortals Tip: Students should consider taking one of the Pre-Master's below. these courses will be necessary if:
Tuition fees for the MEF programme are 6 000 EUR per year. Please note that these fees cover only the cost of instruction and examinations, as well as the access to libraries and computer laboratories. It does not cover the cost of textbooks and other teaching material nor the living expenses, e. g. accommodation, meals, etc. The university provides assistance to students interested in affordable accommodation at student dormitories.
Development Scholarships:University scholarships for students from developing and transition countries, directly administered by CharlesUniversity in Prague
The Development Scholarships are available forANY degreeprogramme at the Faculty of Social Sciences. They offer students a 50% waiver of school fees for a maximum of two years (Masters programs) or three years (Bachelor programs),plus a one-off lump sum paymentto cover the basic living costs. In the academic year 2016/17 we are able to provide approximately 7 of these scholarships across all of our fee based programmes. The application deadline is 30th April 2016.
Applications should be sent to the Faculty of Social Sciences, together with an application for study. In principle, it is possible for students to hold the scholarship for up to two or three years, but because funding is provided on a year-by-year basis, we can initially only guarantee funding for the first year of studies. Further details are on our Development Scholarshipspage.
·Government Scholarships: Czech Government scholarships for developing countries, funded and administered by the Ministry of Education, Youth and Sport
IMPORTANT, PLEASE READ: Faculty of Social Sciences in not part of this scheme at the moment although the discussions with the Ministry about our study programmes being included are ongoing. You will find more information about the currently eligible programs on theMinistry of Education, Youth and Sportwebsite.
·International Visegrad Fund Scholarships
The International Visegrad Fund (IVF) is a joint initiative of the governments of the four Visegrad Group countries (Slovakia, the CzechRepublic, Poland and Hungary). It offers scholarships for study abroad, both to students from within the Visegrad group, and to neighbouring countries like Belarus and Ukraine.
The International Visegrad Fund Scholarships are available forany degree programmeat the Faculty of Social Sciences. They comprise of afixed-rate contribution of 3000 EUR towards school fees (paid direct to the university),plus two lump-sum payments(one for each semester) to help with living costs. Because school fees at the Faculty of Social Sciences are higher than the contribution from IVF, students will be expected to cover the balance of our standard school fee from other funds. Most years we accept 5-6 students with IVF funding.
Application deadlines vary, depending on the exact sub-programme students are planning to use. Applications should be made direct to IVF. Scholarships are normally awarded for one year only, so students should expect that they will have to fund their second year of study from elsewhere. Students who wish to make parallel applications for both an IVF scholarship, and one of our own Development Scholarships are free to do so, but it is our policy that we will not pay out a Development Scholarship to someone who is also receiving funding from IVF. In the event that students succeed with both applications, then, they will have to choose. Further details are on the IVF website.
We are aware that nowhere above do we make any mention of the standard US student loan programmes administered by the US Department of Education, on which most US students depend to fund their studies (whether at home or abroad). This is not an omission. It is, rather, a reflection of the fact that, unfortunately, we are not currently registered with USDE, either as the Faculty of Social Sciences, or at the central level as CharlesUniversity. We are also well aware that some of our Medical Faculties do have this registration, which causes much confusion among our applicants.
The reason for this anomaly is that the Medical Faculties registered with USDE in the 1990s, when the bureaucracy involved in registering as a foreign entity was relatively simple. However, the rules have since changed, making it extremely complicated for a large historic university like ours to gain a new USDE code. Thus, while we do return to the question of registering with USDE periodically, we regret that at present we are not able to offer this facility.
In answer to another commonly asked question: we also regret it is not possible to use one of the Medical Faculty codes to study at the faculty of Social Sciences, since this would be a clear breach of the terms of their registration with USDE.
StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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