Economics – Field of study catalogue MU
“When one model is worth a thousand words”
The Economics study programme offers a way for students to obtain knowledge in the area of economic theory in terms of its development, its alternative forms, and the substance of its argumentation. Moreover, this knowledge is combined with mastering the basics of quantitative tools and techniques used both in economics and in other scientific disciplines. Students are introduced gradually to the basics of microeconomics, macroeconomics, and the history of economic thought. They can be deeply informed in the areas of applied mathematics, statistics, and econometric modelling. The aim is to prepare professionals able to solve theoretical and applied economic problems, experts possessing the ability to think analytically based on mastering the techniques of theoretical economics and understanding of the relevance and limits of their use.
The final theses are thematically focused both in theoretical and applied and empirical economics. The topics include the history of economic theory, the application of mathematical and statistical tools in economics, the field of economic modelling (micro and macro) and the methodology of economics as such. To be more precise, they cover the areas of:
* application of basic econometric or statistical tools and techniques for solving economic problems in any area of economics and using data from their own empirical research or publicly available data;
* history of economic thought (defining the opinions of various schools of economics and economists to phenomena in the real world and the world of theoretical economics);
* methodology of economics (survey and evaluation of methodological tools and approaches to problems and concepts of contemporary economics).
Typical contributions of the final thesis include:
* applying basic mathematical and statistical tools and techniques to real data and interpreting the results in order to solve a problem or economic question;
* processing, understanding, and explaining a selected economic problem from the perspective of economic theory or in the historical context of the development of economic thought;
* formalizing an economic problem and its solution at a theoretical (model approach) or empirical level.
Combining the study of economics with another study field (e.g. applied mathematics) accentuates the synergic effects of the particular combination.
After successfully completing his/her studies the graduate is able to:
- master the main theoretical concepts in economics and understand the contents of current texts in the area of modern economics
- apply theoretical knowledge to solve specific economic case studies, including the building of formal models
- comment on and interpret current economic developments within the context of modern economic theories, even possibly using appropriate quantitative tools and techniques
- identify analytically hidden connections and consequences of the economic impacts of economic policy
- write an academic text dealing with problems of economics and economic policy, which includes competent arguments and their own opinions based on quantitative analysis of empirical data
Mastering economic ways of thinking and general-purpose quantitative methods opens the door for graduates into the world of economy, finance, business economics, and applied economic policy. Students may profile their specialization within the appropriate choice of thesis topic and the supervisor. The graduates are well prepared for the labour market, especially after finishing the Master’s degree study programme. Specific knowledge and analytical skills predispose graduates for work on simpler applications in the analytical departments of commercial banks, analytical and consulting firms, and government and international organizations where they can participate in working with quantitative models for financial and macroeconomic forecasts, the impact of alternative testing strategies and scenarios, and creating simpler financial and macroeconomic analysis.
The standard duration of studies is six semesters. For admittance to the final state examination, students must earn a total of 180 ECTS credits for type A/required, type B/selective, and type C/elective courses. Type A/required courses constitute the basis of the discipline and their share is the largest part of credits (including credits for courses focused on writing a Bachelor’s thesis). Students choose type B/selective courses according to their interests and intended professional specialization. The remaining credits can be earned from type C/elective courses offered in the curriculum of the given study programme or from other courses offered by any other study programme. The total minimum number of credits is defined by the study and examination regulations of Masaryk University, the guidance note about the general study requirements, and the current study catalogue. Students can access the study catalogues through the faculty website.
The final state examination in the Economics study programme is oral and has three parts:
- Thesis defence (a projector is available)
- Examination in Economics (student draws one question): questions and methodological guidelines for the exam can be found on the department website
- Examination in Economics Theory: questions can be found on the department website
More information about graduation requirements can be found on the department website: https://www.econ.muni.cz/o-nas/organizacni-struktura/561100-katekonomie/szz-na-ke
After completing the Bachelor’s degree study programme, it is possible to continue further studies in the Master’s degree study programme in Economic Theory, Economics, Economic Policy and Administration, Economic Policy, or Economic Policy and International Relations.