Master in Economics

Looking for a vibrant and international oriented learning community at a top 100 university with challenging and interactive courses taught by highly qualified staff in a historical cityLearn more about the strenghts of our faculty!

Course content and programme

The Economics programme studies the functioning of the global economy. You will discuss all economic actors and their interactions: families, businesses, financial institutions, government and society. The master’s programme provides you with an advanced insight into economic theories, models and techniques that you can use to analyse and evaluate complex social issues with regard to the interactions and behaviours between economic actors. You’ll learn how these actors make economic choices (consume, production, labour, investments, import, export …), what the consequences are for society and how problems in this matter can be solved best.

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Check the complete master programme in Economics

Course structure

The master’s programme has, in addition to a common part with general courses, two majors that allow you to tailor your curriculum, according to your own interests. You can choose three courses from one major and an elective course from a broad range of courses. You could do an internship as an elective course. It's a great way to learn potential employers, get acquinted with the workflow of an accountant or auditor and start building your professional network. An internship is definitely an asset for your future career. Read more about an internship.

The major Financial institutions and markets aims at students who aspire a job in the financial sector. You study the different financial assets and their risk-return characteristics from the perspective of the institutional investor. Good investment decisions require knowledge of the most important financial markets (stocks, bonds, corporate securities, exchange rates, commodities, emerging markets) and the evolution of economic variables such as government budget, interest rates and inflation. In addition, you will explore the main issues and the complex interactions in the management of banks and identify important trends within the changing regulatory environment of banks. In doing so, you will study all aspects that a central bank is faced with when conducting its monetary policy, in particular the ECB.

The major Economic policy aims at students looking for a job that determines economic policy, in the very broad sense of the word (not only government, but also social partners, central bank, international institutions, financial institutions, ...). You study the role of the government in the economy: efficient allocation, government intervention and failure, inequality and poverty, social choice, and optimal taxation. We will teach you how you can deal with the current problems that welfare states face through an adapted policy. You also master the aspects that a central bank is faced with when conducting its monetary policy (in particular the ECB). In addition, the environmental and energy policy is discussed extensively: the central focus is on the optimal use of scarce resources and the related concepts of cost-efficiency, cost-effectiveness and information problems. Finally, you will discover the effects of fiscal policy on key macroeconomic variables such as economic growth and employment. Finally, the master’s dissertation is a very important element. Via that dissertation you can show that you are able to apply the acquired knowledge to a problem independently.

Student profile

Diploma requirements

The Business Economics programme consists of three learning trajectories. These trajectories should be present in the candidates' educational background in order to be eligible for the master's programme.

  • economics trajectory: microeconomics, macroeconomics, international economics, labour economics, etc
  • quantitative trajectory: mathematics
  • methodological trajectory: statistics, econometrics, research methodology

Language requirements

English at level B2 is required upon enrolment.

GMAT/GRE

GMAT and/or GRE should be included in the application file. If you submit an application file without GMAT or GRE, you have significantly less chance of being admitted.

Career perspectives

Graduates from the Economics programme can be found in macroeconomic organisations where there’s a need for experts with social-financial-international-economic insights. In the financial sector (banks, insurance companies and central banks), we find economists back into research services, management, credit analysis, economic analysis, asset management, etc. In addition, many Economics graduates can be found in governmental organisations, international institutions, social partners (trade unions and employers’ associations), education and research. In governmental organisations they hold numerous functions that involve the preparation, implementation, monitoring and evaluation of many aspects of the economic and socio-economic policy. Some examples of jobs: procurement analyst, chief economist of a bank, economic analyst at the National Bank, policy advisor of the Flemish Government, investment specialist and environmental economist at a NGO.

Testimonials

Yael Elizabeth Negrete Saeteros (26) from Ecuador - master in Economics - Financial institutions and markets
Yael‘I love to travel, learn languages and explore. In the future I hope to become an ambassador. It is one of my life goals. I studied Economics at the faculty of Economics and Business Administration of Ghent University and I liked the quality of the education here so much that I will do another master at this faculty: the subsequent master Banking and Finance. I will get even a bigger focus on the financial part of Economics in this master programme.
I chose ultimately for the faculty of Economics and Business Administration because of the high ranking in the Shanghai Ranking. Money also played a role: I got a scholarship to study here. It was also more easy to find housing here.
Here you can really understand economics. It focuses on why it is important for life. All the previous knowledge I had fell into place, I had a better understanding of what I learned before. It all made sense. The theoretical part was very challenging, but in a good way. I didn’t expect it would be so hard. You have to study here every day! But I am so happy with the things I learned here. And the professors were so polite and approachable: they really cared about our knowledge.’

 

 

Ana Milanez (23) from Slovenia -  master in Economics - Financial institutions and markets
Ana‘My ambition is to find a job in a slavic financial institution. I see economics as a tool to make life better for everyone. Not only through academia, but also through macro institutions.
I had an Erasmus experience at the faculty of Economics and Business Administration. Professor Heylen afterwards convinced me to get my master in Economics. I like the city of Ghent a lot: it is very clean, safe and nice. Very enjoyable to live in. It is very handy that everyone speaks English. People have a soul and are articulated. In the beginning I thought Belgians were a bit closed. It was difficult to hang out with them as an international student. As an Erasmus student my experience was entirely different.
The theoretical courses here are well-structured and go together very well. It was demanding, but manageable and totally worth it. The professors were very approachable. Professor Everaert for exemple replied within 20 minutes. They want to help you and make you feel better. It was a great experience for me. The international relations administrator at my home university gave me the advice I should go to Ghent, not to Paris. I had blind faith and did not regret my choice.’

 

 

Valeryia Yersh (21) from Belarus - master in Economics-  Financial Institutions and markets
Valeryia‘I studied Business Economics for three years in Poland (Warshaw). I enjoy people, I am a social person and I travel a lot to do social work and help animals. My ambition is to change this world into a better place. The change comes from within, from yourself. We need to change the system and tackle pollution, poverty and inequality. 
I was looking for a good master programme in Europe. I chose for the faculty of Economics and Business Administration of Ghent University for practical reasons. I was looking for a one year programme with an acceptable price for the education and life costs in the country itself. I had a good connection with Belgians, it was easy to integrate for me. Everyone was very open in my eyes because I also come from a northern european country.
The education here was high-quality, but very demanding. I felt secure here and if I had a problem there was always someone to come to. The professors here are really smart people, they are extremely intelligent and love what they do. I have so much respect for your country and system of education. Belgium knows how to teach and is one of the most developed countries in the world.
During my studies I did not go out that much. I didn’t do a lot of student activities. Instead I opened my mind to think differently. Some people opened my eyes, made me think in another way and made me more tolerant. I understand that no-one is perfect and we should love each other anyway. 
I would definitely recommend other people to study here for all the reasons mentioned above but as well for the city of Ghent. It is a great destination for personal development, there is something unique about it.’

Application

How to apply

In order to apply, you have to start up the online application procedure.

After completing the online application, you will be required to submit an application package (paper package) before the deadline.

Application deadline

Applications for academic year 2020-2021 are closed.

Applications for academic year 2021-2022 will start on October 1st. 

 

Non-EEA citizens: before 1 March 2021

EEA citizens: before 1 June 2021

 

START THE ONLINE APPLICATION

Tuition fees and funding

Tuition fees

Non-EEA citizens: €5687,20

EEA citizens: €947,20

These tuition fees are applicable for academic year 2020-2021 and can change in academic year 2021-2022.

Funding

Master Mind scholarship: the Government of Flanders awards scholarships to academically outstanding students for master programmes in Flanders and Brussels.

Top-Up grant: Ghent University provides Top-Up grants to candidates from all countries on the OESO-DAC list, who wish to obtain a master's degree at Ghent University.

Practical information

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