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For those who are not familiar with the subject, Economics is a social science that deals with the analysis of all the factors that can affect the production, distribution and consumption of goods and services. 

This implies looking at goods and services from the perspective of economic agents (i.e., buyers and sellers) and the market as a whole (macroeconomics / microeconomics). The course also integrates aspects of other social sciences, such as sociology and international studies, and is based on mathematics and statistics.

If you reflect on money not only as an expenditure device, but also as a currency that goes through a wide variety of processes, you should definitely consider taking a Master’s degree in Economics. There are universities and institutions that offer this program for free that offer the possibility of a scholarship.

With a free Master’s Degree in Economics you will use your knowledge of economic relations to identify trends and produce economic forecasts. 

You will be able to conduct considerable research to analyze the data, determine its implications and make recommendations to your client (which could be an individual, a government agency, a company or a bank) on ways to improve efficiency. 

You will probably also learn to use various econometric modeling techniques, write technical and non-technical reports, and make oral and visual presentations to non-specialist audiences.

What is a Master Degree in Economics ?

A Master’s degree in Economics deepens your study and allows you to specialize in the field of Economics at a higher level. With a Master’s in Economics you will be able to experience the importance of financial flow and critically analyze a growing financial market.

With modern technology, this field is changing rapidly and Master’s of Economics programs focus on modern finance theories, quantitative analysis skills and how economists can apply them to real life situations.

The topics of this program are generally economic theory, history of economics, econometrics, macroeconomics, microeconomics, mathematics for economists, economic research methods, corporate finance, development economics, among others.

Master’s degrees in economics may be more focused on theory preparing students for research as part of a PhD or applied in the career by prioritizing professional skills and practical analysis.

Program, Subjects and Content of the Master Degree in Economics

These are some of the topics that can be included in the programmatic content of a Master’s degree in Economics:

  • Mathematics for Economics
  • Introductory statistics
  • Microeconomics
  • Econometric theory
  • Optimization for the economy
  • Political Economy
  • Dynamic Macroeconomics
  • Theory of general equilibrium
  • Game theory
  • Applied Economics
  • Development Economics
  • Financial Economics
  • Macroeconomic

How Long Does the Master Degree in Economics Take ?

Most of the Master’s courses in Economics last one or two years full time, depending on the institution and the country. Some programs are also available on a part-time basis, such as evening or online classes.

Two-year programs are often suited to students without a college degree who focus on economics or mathematics and need more time to learn the basics before specializing.

Where Can I Work with the Master Degree in Economics ?

Graduates of the Master’s in Economics find positions in the financial sector, industry, government, or international organizations. Other graduates pursue a doctorate.

A higher degree in Economics will not only allow you to work for corporations but also as a government advisor or consultant in the public sector. 

A Master’s degree in Economics is highly applicable to many fields and will not limit you to a single career. A Master’s degree in Economics can open doors in a wide range of sectors and many types of organizations. 

Common employers include research agencies, consulting firms, the economic advisory services of governments, banks and financial institutions or international agencies, universities, multilateral organizations, and non-governmental organizations.

Countries and Cities Where You Can Study the Master Degree in Economics for Free Getting a Scholarship

  • Czech Republic
  • United States
  • China
  • Italy
  • Sweden
  • Finland
  • Netherlands
  • United Kingdom

Institutes, Centers and Universities Where the Master Degree in Economics is Possibly Taught for Free, through Scholarships

Master’s Degree in Economics and Management

  • Czech University of Life Sciences – Faculty of Economics and Management
  • Praha-Suchdol, Czech Republic.

Master of Arts in International Economic Policy

  • The George Washington University – Elliott School of International Affairs
  • Washington, United States.

Master’s Degree in Economics

  • Peking University HSBC Business School (PHBS)
  • Shenzhen, China.

Master’s Degree in Economics

  • University of Turin
  • Turin, Italy.

Master’s Degree in Economics

  • Gothenburg University School of Business, Economics and Law
  • Gothenburg, Sweden.

Master’s Degree in Economics

  • Hanken School of Economics
  • Helsinki, Finland.

Master’s Degree in Economics and Business – Specialization in Data Science and Marketing Analysis

  • Erasmus School of Economics – Erasmus University Rotterdam
  • Rotterdam, Netherlands.

Master in Economics

  • Swansea University
  • Swansea, United Kingdom.

Master Degree in Economics Reference Prices

The prices of the Master’s Degree in Economics can be varied. The prices of these Masters are between $5,000 and $34,000. In some cases it can have a higher cost.

The cost of this Master’s degree will vary according to the country where it is taught, the institution or university that teaches the Master’s degree, the modality, duration, and the materials provided during the study, among other factors.

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