The English-taught master’s programme in Quantitative Economics gives students strong preparation in contemporary economic theory and econometric analysis methods enabling them to analyze and forecast economic processes.
NEW! Watch the online info session (webinar) for this year's intake and take a tour with a current student.
After completing the programme, the student:
The objective of the curriculum is to prepare highly qualified analysts for the government agencies, banks, international organizations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
Graduates are competitive as analysts in public sector, financial sector, multinational companies, consultation firms etc.
The tuition fee for fee-paying students on this programme is 3,740 euros per year. Note that tuition fees can only be paid once the new semester officially begins.
Altogether 25 study places are available on the programme. On the basis of the admission results, 20 best applicants will be given tuition-waiver scholarships. Applicants do not have to apply for the tuition-waiver separately, as they will be considered automatically for the competition.The number of studyplaces and tuition-waiver scholarships for year 2020 will be announced in autumn 2019.
The tuition fee for fee-paying students on this programme is 3,800 euros per year. The number of studyplaces and tuition-waiver scholarships will be announced in autumn 2019.
Information about the rules and conditions for tuition-waiver scholarships as well as tuition fee payments is given here. Information about other scholarships is available here.
The programme is delievered in cooperation with Bank of Estonia and Swedbank, the biggest bank in Estonia. These are the benefits to the student:
"I have always had a keen interest in Economics, even though my major of Bachelor was not in that field. During my exchange study at the University of Tartu, I was trying to be more and more close to my goal, then I found Quantitative Economics programme, which is what I am interested in and also can help me to achieve my pursuit in career. That’s why I am now taking this programme and enjoying to conquer every challenge and difficulty I meet."
Tingting, International Student Ambassador from China
Contact International Student Ambassadors to enquire about the life in Tartu.
In order to get more information about the current and past students, please check the Quantitative Economics students’ blog.
"The programme offers internationally competitive master's-level economic education. The teaching staff will involve graduates of the high-standing international economics PhD programmes and leading economists of Estonia. Due to close international contacts and active research activities at national and international level at the faculty, students can get actual research experience or apprenticeship training in Estonian financial and public sector institutions."
Jaan Masso, PhD, Programme Director
"The programme aims to bring international dimension into academic studies and develop students’ skills in quantitative economic analysis. Thus the curriculum is of great benefit for both Eesti Pank (Bank of Estonia) and other institutions (primarily ministries) involved in economic analysis and surveys."
Ardo Hansson (PhD, Harvard University), Governor of Eesti Pank (Bank of Estonia), member of the Governing Council of the European Central Bank
"Our vision is to be a bank that supports the sustainable development of people, businesses and society. All this can only based on well-educated people. As the economy and society change fast, the future will bring us a lot of challenges in terms of the attainment and availability of skilled people. We see that our future competencies in both Swedbank and many other businesses are related to the fields of IT, mathematics, statistics and economics.
We believe that the cooperation with the University of Tartu and Quantitative Economics master’s program contributes to the implementation of our vision in a way that is beneficial for both students, the university and Swedbank."
Tõnu Mertsina, Chief Economist, Swedbank AS
Quantitative Economics, University of Tartu