Overview

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: Scientific courses are taught in English, so students must have a good grasp of the language to pursue their academic goals. All students must take local language courses and participate in cultural activities at their hosting universities each semester. Universities offer courses at different levels, beginner to advanced. Students must earn 2 ECTS credits per semester for local Language courses. The grades for these courses are determined based on a pass-or-fail system. While these courses will not count towards 120 ECTS credits, they will be listed on the student's transcript.  Students have access to the QEM online language training in four of the consortium's languages, including enhanced English. It's free and available to students upon acceptance into the program. This opportunity enables them to prepare for their arrival in the program and continue their studies for the next two years.
  • Credits: Courses are structured according to the European Credit Transfer and Accumulation System (ECTS). A student should accumulate 120 ECTS credits over the two-year study (30 ECTS credits per semester). If a student wishes to take more than 30 ECTS credits in a semester, they should ask permission from the Director of Studies.
  • Mobility: A student must perform mobility between at least two Consortium Partner universities with the second year (the third and fourth semesters) in the same University. In the first semester, all students must be hosted at the same University organizing the first semester.
  • Master's Dissertation: Students spend most of the fourth semester preparing a Master's Dissertation (of 20 ECTS credits) under the supervision of a double tutorship system consisting of members from the two partner universities (see here for more information).
  • Diploma: Upon completing the program, students are awarded a QEM Joint Diploma entitled "Models and Methods of Quantitative Economics", which is officially recognized as a master's diploma in each university and country of the consortium, with the same national degree rights and duties. For a list of the nationwide degrees, see here.