Curriculum

Taught almost exclusively in English by faculty visiting from Western Europe and North America or Western-trained economists from Ukraine and neighboring countries, the EERC program offers a curriculum unlike any other available today in Ukraine.

The first year of studies consists of four rigorous full-year sequences in core fields of economics: macroeconomics, microeconomics, statistics & econometrics, and mathematics for economists. Beside economic courses, first-year students must also take mandatory courses in English, Philosophy and Ukrainian Business Language.

The second year is divided into core courses and elective courses. The core courses include advanced courses in microeconomic theory, macroeconomic theory, econometrics and applications. In addition, there is a set of elective courses in such areas of applied economics as Public Economics, International Economics, Industrial Organization, Labor Economics, Financial Economics, Economics of Transition, Economics of Law and Game Theory. Furthermore, five mandatory courses in research – Research and Economic Policy Analysis Workshop and Thesis Workshop are included in the second-year curriculum.

Developing students’ research skills is an important objective of the program. In the second year, each student must defend a thesis, written and presented to the defense committee in English, applying the tools acquired in the program to some aspect of economic policy relevant to the transition to a market economy.

In the second year of studies, students also get an opportunity to choose one of three concentrations that focus on developing skills in the applied areas of economic science:

Economic Policy Analysis
Financial Economics
Firms, Consumers and Market Structure

Each miniterm course (including up to five miniterms of work on research) earns 3 credits; 120 credits in economic courses are required for completion of the degree.