Economics (Eng.) – Field of study catalogue MU
“Economy without any attributes”
The Economics study programme provides students with knowledge and skills in the areas of economic modelling, monetary economics, history of economic thought, and economic methodology. The study programme is aimed at obtaining thorough theoretical knowledge in the areas of modern microeconomics, macroeconomics, econometrics, and the methodology of the science. Students’ specializations are derived from their dissertation focus. Dissertation topics include macroeconomic modelling, in particular in the area of monetary dynamic stochastic general equilibrium (DSGE) models, modelling of the determinants of economic growth, and microeconomic modelling. The aim of the study is therefore to develop the graduates’ potential for scientific research and analysis with which they can independently formalize and resolve non-trivial problems of contemporary economics using often demanding mathematical and statistic instruments.
The first year of study mainly focuses on the study obligations outlined in the study catalogue and the individual study plan processed in cooperation with the student’s supervisor. Based on their interests, the students have the opportunity to participate in and conduct seminars of subjects offered by the Department of Economics in the Bachelor’s and Master’s degree study programmes. The most important part of the study is the research; the study focuses on processing the dissertation thesis and publishing the results in professional journals. The students are encouraged to participate in a number of research projects; either specific research projects (which the students can apply for under their supervisors’ guarantee based on their own project proposals) as well as projects through the Grant Agency of the Czech Republic, the Technology Agency of the Czech Republic, the Czech National Bank, etc., which are solved by cooperating tutors and employees of the Department of Economics. In the framework of the study programme, it is possible to establish cooperation and consult on the topics of the theses with a number of experts from the practice, e.g. the staff of the Czech National Bank, the National Bank of Slovakia, or the Office for the Protection of Competition. With the support of the department and the faculty, students can attend many summer schools, professional seminars, and workshops abroad; fellowships abroad are not exceptional. Financial aid throughout the regular study period in the full-time form is guaranteed and if the students fulfil their obligations and participate in scientific and research activities during the study, the remunerations are significantly increased, both in the form of one-time scholarships (in compliance with the scholarship programmes of the faculty) and in the form of increasing the regular monthly stipends.
After successfully completing his/her studies the graduate is able to:
- mathematically formalize and solve major issues in contemporary economics independently
- use modern mathematical and statistical methods of identifying dynamic economic systems
- critically evaluate the appropriate use of tools and methods integral to contemporary economics
- propose a suitable form of methodology that might be used to identify and solve a specific economic problem; analytically and empirically process relevant data on an examined subject
- apply the appropriate econometric techniques and competently interpret obtained results
There are many job opportunities for graduates of the economics study programme. The graduates are suitable candidates for analytical and research positions in central and commercial banks, consulting companies, and government departments involved in the preparation and implementation of economic decision-making instruments (e.g. the Ministry of Finance or the Czech National Bank). The graduates find application in the academic sphere as well. A good knowledge of empirical work with data, economic modelling, and economic methodology are the graduates’ advantages for positions in statistical offices and agencies, companies in the fields of finance and financial markets, or analytical departments of public administration institutions and industrial and commercial companies.
The standard duration of studies is four years; the maximum period from enrolment until the proper graduation is twice the period of standard study.
The study is carried out under the guidance of a supervisor and is governed by an individual study plan approved by the departmental council.
In the course of their studies, the students are required to earn a minimum of 240 credits, out of which at least 120 credits are awarded for the submission of the dissertation thesis.
The students are obliged to attend:
type A/required subjects - required subjects of the common base (Econometrics, Metodology I,II) + field-related required subjects
type B/required elective subjects with a minimum value of 10 credits (the course Teaching assistance can yield a maximum of 25 credits per study)
type C/elective subject
In accordance with the focus of the study programme and after agreement with the supervisor, the students can further choose type C/elective subjects from the current offer of optional subjects within the field or in other fields available at the Faculty of Economics and Administration or Masaryk University as a whole.
Within the type A/required subject of Literature Study, students study world literature and journals relevant to the topic of their dissertation during the first two terms. Based on the knowledge about the current state of research in the area concerned, they specify the research problem investigated in the dissertation and create a project for their research during the third term. From the third term on, the students attend the subject Dissertation Preparation, in which they carry out all the activities necessary for their dissertation under their supervisors’ guidance.
Conditions for proper graduation from the doctoral study programme are:
- gain credits by passing the subjects in the prescribed composition, with a minimum total of 240 credits
- spend at least one month of their studies at a foreign institution (except for Slovakia) or participate in an international creative project the findings of which are published or presented abroad, or is otherwise directly involved in international co-operation
- pass the state doctoral examination
- defend the dissertation thesis.
The state doctoral examination tests the theoretical and methodological knowledge related to the study programme. The general requirements for the exam are included in the programme content; specific requirements represent the thematic areas related to the thesis statements.
Together with the application for the state exam, the students submit their thesis statements, which document 1) the degree of the students’ orientation in the published results of research, and 2) the relevance and theoretical soundness of the chosen research procedure. The state doctoral examination takes the form of a debate on the submitted thesis statements, and the questions are considered in the broader context of the given field. The aim is to demonstrate the readiness of the students for independent research activity in the field.