The Department of Economics offers both research oriented and professional master's programmes, as well as a doctoral programme. The language of instruction in all postgraduate programmes of the Department is English. To find out more, click on the programme you are interested in below. More information is available in the Department's Graduate Prospectus.

Master degrees

MSc in Economic Analysis

Provides rigorous training in economic theory and econometrics. It is suitable for students interested in working as economic analysts or in continuing their studies for a Ph.D.

MSc in Behavioral Economics

Provides students with a general grounding in behavioural and experimental approaches to social sciences. It is designed to prepare students for career paths that require the analysis of human behavior, such as product and service design, human resources management, policy making etc.

Master in Monetary and Financial Economics

Provides a broad background in economic theory and specialized courses in monetary and financial economics. It is suitable for students who are interested in a career in the financial sector, such as banks, investment companies, etc.

Master in Business Economics (TIME-MBE)

Provides students with the knowledge and the entrepreneurial skills needed to successfully manage innovative organizations in an ever changing environment.

Doctoral Programme

Doctoral Programme (PhD) in Economics

It is aimed at students interested in a career in research, either in academia or in policy analysis. Admission requires a master’s degree in economics or other closely related field. Interested students without a sufficient background are recommended to apply first to the Master in Economic Analysis.

Structure of programmes

Master programmes

The normal duration of all programmes for full-time students is three semesters. The maximum time allowed for completion of a degree is eight semesters.

The language of instruction in all postgraduate programmes of the Department is English.

All Master Degrees are awarded upon successful completion of at least 90 ECTS in graduate courses with the exception of the TIME MBE program which requires 120 ECTS. Courses are separated into two categories: compulsory and elective courses. compulsory courses give essential background in key areas and elective courses give students the opportunity to specialize in their area of interest. Compulsory courses for each Master's programme are described in each programme's webpage.

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.

Doctoral Programmes

The Ph.D. Programme is divided into two main stages: the coursework stage and the research stage.

During the coursework stage, the students are required to take courses on the three core areas of Economic theory: Microeconomics, Macroeconomics and Econometrics. They also take elective courses that help them deepen their knowledge in specific research areas. Students who have sufficiently high performance in the core courses (see here for details) obtain the right to take the comprehensive exam. Success in the comprehensive exam gives the right to the student to pass to the research stage of the programme.

During the research stage, the student has to conduct original research under the guidance of his Research Advisor. The first main procedure of the research stage is the submission of the student’s research proposal, which the student presents in front of a three-member committee. After successfully defending his research proposal, the student conducts research that intends to lead to the writing of his doctoral dissertation. When the student believes that the dissertation is completed, and upon approval from his Research Advisor, he submits his dissertation and begins the process that leads to the Thesis Defence. The student needs to defend his thesis in an open lecture before a five-member examining committee. The Thesis Defence can take place at the earliest during the sixth semester of studies in the Ph.D. programme.

Terms of admission

Master programmes

Admission and financial support are awarded based on the applicants’ past academic performance and their potential. In addition, candidates for the graduate studies programme whose first language is not English are required το provide proof of proficiency in English in one of the ways described in the list below.

Students are admitted into the Department’s Postgraduate programmes after submitting an application to the Department and deemed acceptable based on the criteria for evaluating and ranking candidates.

Our programmes are open to students without an undergraduate degree in economics. All programmes have been designed to accommodate students of diverse backgrounds, particularly students in technical fields such as mathematics, statistics and engineering.

Doctoral Programmes

For admission to the Doctoral Programme students are required to hold a research-oriented Master Degree in Economics.  There are such programmes in many universities abroad.  At the University of Cyprus the relevant programme is the Master in Economic Analysis. To be admitted into the Ph.D. programme students must have very good academic background in  Microeconomics, Macroeconomics and Econometrics.

In addition, candidates whose first language is not English are required το provide proof of proficiency in English in one of the ways described in the list below.

The Graduate Committee will prepare individual curriculums for each student accepted. This will ensure that all students have the necessary skills and knowledge to proceed to the research stage of their degree. Admitted students can have the opportunity to transfer credits from similar classes taken in other universities.

Language requirements

Candidates whose first language is not English are required το provide proof of proficiency in English in one of the ways described in the list below.

Proof of proficiency in English can be certified in one of the following ways:

  1. G.C.E. O-Level English with a minimum grade “C”.
  2. I.G.C.S.E. English with a minimum grade “C”.
  3. I.E.L.T.S. minimum average score 6.5.
  4. T.O.E.F.L. with a minimum score of 550 (Paper-based) or T.O.E.F.L. with a minimum score 213 (Computer-based) or T.O.E.F.L. (Internet based) with a minimum score 92.
  5. Cambridge English First (FCE), with a minimum score 176.
  6. Cambridge English Advanced (CAE), with a minimum score 176.
  7. Cambridge English Proficiency (CPE), with a minimum score 176.
  8. Certificate of Proficiency in English (ECPE), with a minimum score 650.
  9. Anglia Examinations – Proficiency (C1).
  10. IB diploma (International Baccalaureate).
  11. Certificate of success in the exams conducted by the Ministry of Education and Culture.
  12. Certificate of success in year 6th final exams, of the Cyprus State Institutes of Further Education.
  13. Any other equivalent exam that will prove proficiency in English language.
  14. Candidates who hold a degree from a recognized university programme taught in English are considered to have proficiency in English.