Quantitative Methods in Economics
Graduate (Master)
Economics
Why choose this field of study?
Are you fascinated by the research and analytical tools used to describe phenomena in economics? Do you want to specialize in forecasting and modeling economic processes based on mathematics, statistics, econometrics, and computer science? Do you want to gain analytical skills – so highly sought after and valued by employers? Your development in this direction will be made possible by studying the specialization Quantitative Methods in Economics, available as part of the graduate program in Economics at the University of Economics and Human Sciences in Warsaw. The program includes specialized courses that will equip you with extensive knowledge an economist, based on demanding but practical analytical skills.
The program is dedicated to undergraduates of Economics and related fields of social sciences or mathematics, who want to obtain a Master’s degree in Economics and develop or advance in specialized and managerial positions. As a graduate of this specialty, you will improve your competence in interpreting and forecasting economic phenomena based on your knowledge of the tools used in modern economics. The Quantitative Methods in Economics specialization at UEHS continues the specialization module offered in the final year of the undergraduate program in Economics.
Quantitative Methods in Economics – what sets us apart:
- You will gain the competencies to work in positions related to advanced economic and business analytics.
- You will be taught by expert lecturers with impressive academic and practical achievements.
- You will be taught how to support economic strategies and business decisions based on statistics and data.
- You can study at your convenience – full-time, part-time or online.
- We will show you the broad career prospects that open up for graduates of the Quantitative Methods in Economics specialization
- You will study and exchange experiences with students from all over the world! (UEHS was recognized as the most internationalized university in Poland by the Perspektywy University Ranking)
Quantitative Methods in Economics – what can you do after graduation?
After completing the graduate program with a specialization in Quantitative Methods in Economics, you can advance or be promoted in such positions as:
- financial analyst
- investment, economic advisor
- business analyst
- specialist or manager in economic forecasting, fund management, statistical analysis, insurance
- many other professions requiring knowledge of methods and tools for forecasting and describing economic phenomena and processes
You will use your competencies to work in state institutions, as well as in local and international companies (e.g., in trade, finance, marketing departments). Or you can start your own business or consulting business and consciously develop it based on sound economic knowledge.
This program
is for you if:
You have mathematical and analytical skills.
You want to professionally deal with economic, financial, and business decisions based on data and statistical models.
You already have a bachelor’s degree in economics or a related field and want to improve your skills and gain new career prospects.
Programme and structure of studies
Graduate studies
(master’s degree)
The graduate program in the specialty of Quantitative Methods in Economics offers directional subjects aimed at deepening specialized knowledge of economics in micro- and macro-economic terms. It focuses on providing students with practical knowledge of the tools and methods used for quantitative analysis in economics.
FIRST YEAR OF STUDY
The program of the first year of study includes field-specific and specialization courses discussing the principles of econometric modeling. They also participate in a master’s seminar, in preparation to write a thesis the next year.
| Subject name | Cummulative amount of ECTS points | Lecture method | Cummulative amount of hours (FT/PT) |
| OHS | 0 | L | 8/8 |
| INTERNATIONAL ECONOMICS | 4 | L | 30/16 |
| SOCIAL STATISTICS | 4 | T | 30/16 |
| FINANCIAL MARKETS - REGULATION AND SUPERVISION | 4 | L | 30/16 |
| STATISTICAL METHODS OF MULTIVARIATE ANALYSIS | 5 | T | 30/16 |
| NON-LINEAR OPTIMIZATION | 5 | L, T | 30/16 |
| MANAGERIAL DECISION SUPPORT | 3 | D | 30/16 |
| BUSINESS ETHICS | 2 | D | 30/16 |
| COMMUNICATIONS AND SOCIAL MEDIA | 3 | T | 30/16 |
| Subject name | Cummulative amount of ECTS points | Lecture method | Cummulative amount of hours (FT/PT) |
| FOREIGN LANGUAGE | 2 | LEKT | 30/16 |
| BUSINESS CYCLE THEORIES | 4 | L | 30/16 |
| DERIVATIVES MARKET | 4 | L, T | 30/18 |
| MACROECONOMIC MODELING | 4 | L, T | 60/32 |
| ECONOMETRIC NONLINEAR MODELS | 5 | D | 30/16 |
| MULTI-CRITERIA DECISION SUPPORT | 5 | D | 30/16 |
| THE PSYCHOLOGY OF MONEY AND FINANCIAL BEHAVIOR | 3 | D | 30/16 |
| MASTER’S DEGREE SEMINAR | 3 | SEM | 30/16 |
L – lectures. T – tutorials, D – discussions; LAB – labs, LEKT – foreign language classes, SEM – seminar
SECOND YEAR OF STUDY
In the second year, students continue to deepen their specialized knowledge and complete their master’s seminar in preparation towards the degree.
| Subject name | Cummulative amount of ECTS points | Lecture method | Cummulative amount of hours (FT/PT) |
| FOREIGN LANGUAGE | 2 | LEKT | 30/16 |
| METHODS OF COMPARING ECONOMIC SYSTEMS | 4 | L | 30/16 |
| GENERAL EQUILIBRIUM MODELS | 5 | L, T | 60/32 |
| ECONOMICS OF INEQUALITY | 4 | L | 30/16 |
| PREFERENCE MODELING | 5 | D | 30/16 |
| ECONOMETRICS OF MARKET MICROSTRUCTURES | 5 | D | 30/16 |
| MASTER’S DEGREE SEMINAR | 5 | SEM | 30/16 |
| Subject name | Cummulative amount of ECTS points | Lecture method | Cummulative amount of hours (FT/PT) |
| METHODOLOGICAL DILEMMAS AND CHALLENGES OF ECONOMICS | 4 | L | 30/16 |
| ECONOMIC POLICY | 4 | L | 30/16 |
| BUSINESS PROCESS MODELLING | 4 | D | 30/16 |
| MODELED MULTI-AGENT | 5 | D | 30/16 |
| SPATIAL ECONOMETRICS | 5 | D | 30/16 |
| MASTER’S DEGREE SEMINAR AND PREPARATION FOR THE DIPLOMA EXAM | 8 | SEM | 60/32 |
L – lectures. T – tutorials, D – discussions; LAB – labs, LEKT – foreign language classes, SEM – seminar
Tuition fees
Fixed tuition - flexible payments
By choosing to study at UEHS, you can be sure that the tuition fee will not change throughout the duration of your studies. You can pay the tuition fee once for the entire year of study or spread over a semester payment. This allows you to decide how you want to plan your expenses.
Fees (academic year 2024/2025)
| Year of study | Annually | Per semester* |
| I | 2900 € | 1600 € |
| II | 2900 € | 1600 € |
*Semester payment is possible from the second year of studies.
| Year of study | Annually | Per semester* |
| I | 3900 € | 2100 € |
| II | 3900 € | 2100 € |
*Semester payment is possible from the second year of studies.
EU and other countries group
This group includes citizens of the countries member states of the European Union and the following countries citizens: Azerbaijan, Belarus, Bosnia and Herzegovina, Montenegro, Georgia, Kazakhstan, Kosovo, Kyrgyzstan, Latin America, Macedonia, Moldova, Russia, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan.
Other countries
The citizens of all the remaining countries.
Study in Polish!
Do you want to study at UEHS in Polish? It is possible! We have prepared a special program for international students to acquire the skills necessary for active study in Polish and for academic, social and everyday life in Poland.
The Comprehensive Polish Language Program for International Students is:
- part of The UEHS Foundation Program, which is a comprehensive preparation for starting regular Bachelor's or Master's studies in Polish at UEHS
- a course aimed at two groups of international students: students with knowledge of a Slavic language (Russian, Ukrainian, Czech etc.) and students without prior knowledge of any Slavic language
- a chance for immersion in Polish society and culture, authentic experience of life in Poland and broad career prospects on the Polish labour market
More details coming soon!
Scholarships - easier than you think
While studying at UEHS, you can take advantage of a wide range of financial support from the state budget and European funds, as well as benefit from special discounts with UEHS discount program
You can submit most scholarship applications quickly and easily through your online account.
In the academic year 2022/2023, the University of Economics and Humanities in Warsaw awarded 350 Rector’s Scholarships, ranging from PLN 525 /month to PLN 1025 /month, depending on the average or achievements. For outstanding sport, artistic or scientific achievements, the Scholarship Committee awarded scholarships of PLN 600 /month.
Detailed information on the possibility of applying for the Rector’s Scholarship is available in the “MojeAEH” system.
A sports scholarship may be awarded to a student who excels in sport achievements at least national level. In addition we also encourage our students to take part in additional support programs- eg. the National Academic Representation.
Young sportsmen can count on financial support in the amount of PLN 600 /month.
Detailed information on the possibility of applying for sports scholarship is available in the “MojeAEH” system.
A scholarship for people with disabilities may be awarded to a student who has a disability certificate, a disability degree certificate, a ZUS certifying physician’s certificate, a disability group certificate or a certificate of permanent or long-term incapacity to work on a farm.
In the 2022/2023 academic year, depending on the degree of disability, 150 scholarships for people with disabilities were awarded, ranging from PLN 1275 /month to PLN 1575 /month.
Detailed information on the possibility of applying for a scholarship for people with disabilities is available in the “MojeAEH” system.
The allowance is a form of emergency financial assistance. Any student who found himself temporarily in a difficult life situation resulting from random events beyond the student’s control can apply for it.The allowance may be granted twice in one academic year, and the allowance is not granted twice for the same random event. Difficult life situations caused by the COVID-19 pandemic are an exception.
In 2021, we granted 40 allowances for a total of PLN 197,200. The allowances, depending on the student’s situation, were paid in the amount of PLN 3,000 to PLN 5,000 at a time.
Detailed information on the possibility of applying for the allowance is available in the “MojeAEH” system.
2022/2023 academic year
355 Rector’s Scholarships
179 social scholarships
181 scholarships for people with disabilities
PLN 1,890,289.35 was spent in 2019/2020 on scholarships
PLN 2,911,662.50 was spent in 2020/2021 on scholarships
PLN 4,158,177.00 was spent in 2021/2022 on scholarships
PLN 7,829,950.00 was spent in 2022/2023 on scholarships
Rector’s Scholarship – highest average: 5,44
