On this page you will find useful information regarding the Masters in Economic Analysis.

More information is available in the Postgraduate Prospectus of the Department.

 General Information


The Master in Economic Analysis aims at providing rigorous training in economic theory and econometrics . It is suitable for students interested in working as economic analysts both in the public and in the private sector, as well as for those interested in continuing their studies to obtain a Ph.D. in Economics.

The Master in Economic Analysis is the natural starting point for students who wish to pursue a Ph.D. in Economics at the University of Cyprus and do not already hold a research-oriented Master’s degree.

The language of instruction is English.

To apply to the programme, click on the following link: 

Online application form

Initial deadline for applications: 30/06/2021

Applications received by the initial deadline will be evaluated in the beginning of April with priority. The programme will be accepting applications after the deadline, which will be evaluated on a rolling basis for as long as there are available positions and scholarships.

 Admission Requirements

The minimum requirements for admission to the Master in Economic Analysis are:

  1. A Bachelor’s degree (not necessarily in Economics) and a strong background in quantitative methods.
  2. Very good command of the English language.
 Admission Process


Documents Required for the Application: 

  1. Application through the Online Application System of the University (see here).
  2. Two letters of recommendation.
  3. Copies of university degrees or a statement of expected graduation in the month preceding enrolment in the postgraduate programme.
  4. Transcripts as appropriate.
  5. Curriculum vitae.
  6. Motivation letter.
  7. English proficiency exam (This can be certified by international standardized tests such as GCE, TOEFL or other and are determined by the Department, see here).

Evaluation of applications is done by the Departments Committee of Graduate Studies, based on applicants’ performance in their previous studies as well as the compatibility of their research interests with those of the Department's faculty. Applicants may be called for an interview if this is necessary. The Committee submits their recommendation to the Departmental Council, which has the final say on offering position in the programme.




The Department provides funding opportunities to selected candidates. These include scholarships that cover the tuition fees of the programme and, in some cases, additional financial aid through employment by the Department as teaching or research assistants.

Typically, the initial offer of financial support covers the first year of studies and its renewal depends mainly upon the student’s performance in the programme.

Students who are not financed during their first year of studies are still evaluated regarding the possibility of receiving financial support in subsequent years.

The Department tries its best to clarify the financial support that incoming students should expect as soon as possible. Oftentimes, this is done already when the Department offers a position to the applicant in the programme or soon after that.

 Programme Structure
Successful completion of the programme requires 90 ECTS and and the typical duration is three semesters. For the Master Degree in Economic Analysis, the requirement is twelve courses or eight courses plus a Master's thesis. The following table shows the programme's structure per semester:
1st YEAR
1st Semester ECTS
ECO 601 Microeconomic Analysis I 7.5
ECO 602 Macroeconomic Analysis I 7.5
ECO 603 Statistics and Econometrics I 7.5
ECO 604 Analytical Methods in Economics 7.5
2nd Semester  
ECO 651 Microeconomic Analysis IΙ (ECO 601) 7.5
ECO 652 Macroeconomic Analysis IΙ (ECO 602) 7.5
ECO 653 Statistics and Econometrics IΙ (ECO 603) 7.5
1 elective course 7.5
2nd YEAR
3rd Semester  
ECO 699 Master's Thesis 30
or 4 elective courses 30
Note: The courses in brackets are prerequisites


  1. For students who will continue to the Ph.D. programme the courses Current Topics in Economic Research I and Current Topics in Economic Research II are compulsory.
  2. Students may replace up to one Elective Course with graduate courses offered by another University Departments, subject to approval from the Departmental Council.
  3. Students may replace up to one Elective Course with an undergraduate course offered by another University Department, subject to approval from the Departmental Council.


Master's Thesis (ECO 699 – 30 ECTS)

The thesis should demonstrate in-depth knowledge of a particular topic and should contain original research elements. The thesis is presented to students and faculty and is marked independently by the student’s advisor and a faculty member with similar research interests appointed by the Departmental Committee of Graduate Studies.

Students can also enrol in the Master Thesis during the summer semester.

If work on the thesis extends beyond one semester, students can register in ECO 600 Master's Thesis (1 ECTS) for at most two subsequent semesters.

 Elective Courses
List of elective courses for the Master in Economic Analysis
CODE Course Name ECTS
ECO 605 International Trade 7.5
ECO 606 International Finance 7.5
ECO 610 Money, Banking and Financial Economics 7.5
ECO 611 Labour Economics 7.5
ECO 612 Industrial Organisation and Policy 7.5
ECO 613 Public Economics 7.5
ECO 644 The Economics of Firm Financing 7.5
ECO 664 Analysis of Economic and Financial Data     7.5
ECO 673 Applied Microeconometrics 7,5
ECO 680 Applied Financial Econometrics  7,5
ECO 688 Current Topics in Economic Research I 7.5
ECO 788 Current Topics in Economic Research II 7,5

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The Master in Economic Analysis is primarily a research-oriented programme.

Several of its graduates continue their studies to pursue a Ph.D. in Economics, either at the University of Cyprus or in other institutions. Graduates of the programme have been admitted at top Ph.D. programmes worldwide, including University of Wisconsin-Madison, University of Maryland and Universidad Carlos III de Madrid. In addition to these, graduates of the Department, several of which had taken courses from the Master in Economic Analysis, have been admitted among other to the University of Rochester, Columbia University, Washington University in St. Louis, Universitat Pompeu Fabra  and others.

Graduates who did not pursue a Ph.D. have found employment in the private sector, mainly in financial institutions, as well as in competitive positions in governmental organizations, including the Central Bank of Cyprus and the Ministry of Finance.


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