Master Programmes


The Department of Economics of the European University at St. Petersburg runs two MA programmes, «Research Economics» and «Financial Economics», as well as the PhD level programme «Mathematical Methods in Economics».


Language of Tuition

Currently all our MA programmes are largely delivered in Russian. However, some courses might be delivered in English depending on the presence of English-speaking students from the EUSP International Programmes.



Since 2013, EUSP graduates receive MA diploma formally validated by the Russian state. This implies that our MA programmes have been developed in full compliance with the Russian Federal State Educational Standard of higher professional education as prescribed for specialisation 38.04.01 «Economics» (with qualification (degree) «Master»).

Latest developments in Russian state standartization of master programmes provide universities with enough freedom in selecting courses for a variable part of the curriculum. That allows us to offer our students a rigorous and relevant training in economics, and provide a setting of courses at a level worthy not only the Russian state standard but also a good MA programme in economics at a major European or American university.

The quality of teaching and contents of the curriculum are assured by the supervision and advice from the International Advisory Board of the Department, which consists of academics of a highest international calibre.

Academic Year

All our MA programmes take 4 terms (two years) of coursework, work on mini-research projects, and work on a qualification thesis under supervision of a faculty member. The thesis must be written up and then submitted for an assessment by an independent examiner, usually also a faculty member or a researcher affiliated with the University, and then defended at a viva voce before a board of several faculty members. Each academic year starts on September 1 and ends on June 25.



Each of the two-year MA programmes is equivalent to 120 ECTS. That system of credit accumulation implies that each course is prescribed a number of conditional units (credits). Students collect credits for compulsory courses, electives, practical work (research or internships), and the final qualification thesis.

Each student must collect 60 credits by the end of each year of study. In order to pass a concrete course and gain a corresponding number of credits a student has to fulfill all the requirements of the course as outlined in its programme.

Students of an MA programme can attend courses from other MA programmes, however ECTS credits for those courses are not counted towards the total number of credits for the MA programme to which the students were formally admitted. There is always a possibility to switch specialisation from one MA programme to another, but each such case is considered separately.