Study program

Study programme

Course structure:

The Erasmus Mundus Joint Master QEM - Models and Methods of Quantitative Economics (EMJM QEM) represents a two-year Master's programme that requires students to earn 120 ECTS credits. To complete their coursework, QEM students must attend at least two universities or a maximum of three Partner universities. The admission process defines and fixes the mobility track and joint curriculum for each accepted candidate, ensuring that the programme is tailored to meet individual needs.

The first year During the initial year of the programme, students are required to complete fundamental courses that include Microeconomics, Macroeconomics, Econometrics, and Mathematics, together with la local language course of the hosting univerties. All students must attend classes at the same university during the first semester. All students are expected to rotate among the five partner institutions in the second semester. To ensure seamless transfer of credits between institutions, the universities provide mandatory courses with identical course content. For further information regarding the first-year curriculum, please refer to the relevant section of the first-year curriculum.

In the second year, students are required to specialize in a particular field. This year entails a mandatory relocation to one of the five partner universities. Several areas of specialization are available, including immigration, development, family economics, spatial economics, industrial organization, labor economics, monetary economics, macroeconomics, machine learning, network economics, matching, corporate finance, culture and institutions, conflict studies, and games.

  • Louvain-la-Neuve offers a specialization in econometrics, economic geography, international economics, environmental economics, labor economics, public policy, and development, social choice, games, and networks, macroeconomics, demographic economics, quantitative economic history, industrial organisation, and non-profit organizations.
  • Paris offers a specialization in behavioral economics and experiments, demographic economics, econometrics, environmental economics, financial economics, insurance, and actuarial economics, international economics, labor economics, mathematical economics, game theory, decision theory, monetary economics, macroeconomic policy, and political economy.
  • Venice offers a specialization in behavioral finance, law and economics, policy evaluation methods, political economy, Bayesian econometrics, experimental economics, health economics, economics of inequality, environmental and energy economics, and the economics of climate change.
  • Warsaw offers a specialization in mathematical economics and finance, macroeconomics, labor and health economics, international economics, econometrics, finance and banking, demography, big data, artificial intelligence, and operation research.

Given their rapidly evolving nature, these fields of study have a significant impact on society. Specialized competencies in these areas are in high demand. This list is subject to change. For a detailed second-year curriculum, see here.

Key information:

  • Language Proficiency: English and Beyond: 
    • Scientific Courses: Taught in English, ensuring a solid academic foundation.
    • Local Language: Dive into cultural immersion with local language courses.
    • Levels: From beginner to advanced, tailor your language learning.
    • Credits: Earn 2 ECTS per semester (not part of the 120 ECTS total).
    • Transcript: Local language courses listed on your official transcript.
    • Online Training: Access QEM’s free online language training upon acceptance.
  • ECTS Credits: Navigating Your Path
  • Mobility: Explore, Connect
    • Between Universities: Experience mobility across at least two Consortium Partner universities.
    • Second Year: Spend the third and fourth semesters at the same university.
    • First Semester: All students hosted at the same university organizing the initial semester.
  • Master's Dissertation: 
    • Fourth Semester Focus: Dive deep into a Master’s Dissertation (20 ECTS).
    • Dual Supervision: Benefit from guidance by experts from both partner universities. (See here for more information).
  • Awarded Diploma: your Gateway to Excellence
    • Joint Diploma: Upon successfully completing the program, students receive the prestigious QEM Joint Diploma titled “Models and Methods of Quantitative Economics.”
    • Official Recognition: Universally accepted as a master’s diploma across all consortium universities and countries.
    • National Equivalence: Holds the same rights and responsibilities as national degrees. For a list of the nationwide degrees, see here.
    • Global Impact: Your passport to a world of opportunities in academia, industry, and policy.