Two-Year MA Programs in Economic Analysis and Financial Economics

KSE is an institution that fully operates according to the Western standards of higher education. Taught almost exclusively in English by Western-trained economists from Ukraine and neighbouring countries, as well as faculty visiting from Western Europe and North America, the KSE MA programs (M.A. in Economic Analysis and M.A. in Financial Economics) offer curriculum unlike any other available in Ukraine today.

Both M.A. programs consist of a rigorous two-year curriculum, comparable to that of the leading Western universities. The curriculum is a well designed combination of applied and theoretical courses in major areas of economic analysis and financial economics . Academic year is divided into five two-month miniterms, each with seven weeks of instruction, and one week set aside for  reading, review, and examinations.

In the first year of studies, students of both MA programs take the same courses. The first-year curriculum consists of year-long sequences in the core fields of economics – Microeconomics, Macroeconomics, Statistics & Econometrics, Mathematics for Economists and one miniterm of Transition Economics. Beside economic courses, first-year students must also take courses in English and Ukrainian Business Language.

The second-year of the curriculum is divided into two MA Programs and students make their final choice between the M.A. in Economic Analysis and M.A. in Financial Economics. In order to earn a master’s degree from the Kyiv School of Economics in each specific MA, second-year students are required to take the majority of courses in the area of the selected field of studies and a smaller set of courses from the other MA (a detailed list of the second-year courses for 2011-12 academic year, please see below). Furthermore, students of both MAs should take four mandatory courses in Research & Economic Policy Analysis, one in Thesis Writing Methods, two miniterms of English Language, one miniterm of Ukrainian Business Language and to defend a thesis, written in English, on a topic related to the field of study. Examples of the KSE M.A. theses can be found at http://www.kse.org.ua/library/ma_thesis.htm.

Each course generally carries 3 credits per miniterm. A total of about 127 credits is required for the completion of the School.

MA in Financial Economics (FE) 2011-12 academic year

Core FE Courses: Financial Markets

1. Financial Mathematics: Stochastic Calculus (Yevhen Pentsak)

2. Financial Economics I: Portfolio Theory and Financial Markets (Olesia Verchenko)

3. Financial Economics II: Derivative Pricing (Olesia Verchenko)

4. Emerging Capital Markets (Edilberto Segura)

5. Issues in Financial Economics (Olesia Verchenko)

Core FE Courses: Corporate Finance

6. Financial Statements and Investment Analysis (Mykhaylo Salnykov)

7. Financial and Managerial Accounting (Kevin Ellis)

8. Corporate Finance (Tom Coupé)

9. Theory of Corporate Finance (Pavlo Prokopovych)

Minor FE1: Topics in Financial Economics

10. International Finance (Oleksandr Shepotylo)

11. Advanced Econometrics: Time-Series (Jürgen Wolters)

12. EA: New Economic Geography (Oleksandr Shepotylo)

13. 14. 15. Any three core courses from the Economic Analysis MA (except New Economic Geography)

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+ 4 Research and Economic Policy Analysis Workshops

+ 1 Thesis Workshop

+ English Language (two ½ courses)

+ Ukrainian Business Language (one ½ course)
 

MA in Economic Analysis (EA) 2011-12 academic year

Core EA Courses: Microeconomics

1. Labor Economics (Olena Nizalova)

2. Industrial Organization (Pavlo Prokopovych)

3. Public Economics (Hanna Vakhitova)

4. Game Theory (Pavlo Prokopovych)

5. Issues in Microeconomics: Information Economics (Denys Nizalov)

Core EA Courses: Macroeconomics

6. Advanced Macroeconomics (Kateryna Bornukova)

7. Computational Economics (Maksym Obrizan)

8. International Trade (Elena Besedina)

9. New Economic Geography (Oleksandr Shepotylo)

10. FE: Emerging Capital Markets (Edilberto Segura)

Minor EA1: Policy Analysis

11. Economic Policy Analysis I (Denys Nizalov)

12. Economic Policy Analysis II (Elena Besedina)

13. 14. 15. Any three core courses from the Financial Economics MA (except Emerging Capital Markets)

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+ 4 Research and Economic Policy Analysis Workshops

+ 1 Thesis Workshop

+ English Language (two ½ courses)

+ Ukrainian Business Language (one ½ course)