The master’s programme has, in addition to a common part with general courses, two majors that allow you to tailor your curriculum, according to your own interests. You can choose three courses from one major and an elective course from a broad range of courses. The common part deepens your knowledge of microeconomics, macroeconomics and econometrics in three advanced courses. In Micro-economics you study the behavioural implications, dual approach and the general equilibrium of consumer and producer behaviour. This also includes an introduction to the game theory and you will explore the problem of asymmetrical information. In Macroeconomics you learn to understand and master the key developments in macroeconomics during the last 40 years. The focus is on modern growth theory, new classical macroeconomics and modern business cycle analysis. In Econometrics we broaden your knowledge of the econometric techniques for time series analysis.
The major Financial institutions and markets aims at students who aspire a job in the financial sector. You study the different financial assets and their risk-return characteristics from the perspective of the institutional investor. Good investment decisions require knowledge of the most important financial markets (stocks, bonds, corporate securities, exchange rates, commodities, emerging markets) and the evolution of economic variables such as government budget, interest rates and inflation. In addition, you will explore the main issues and the complex interactions in the management of banks and identify important trends within the changing regulatory environment of banks. In doing so, you will study all aspects that a central bank is faced with when conducting its monetary policy, in particular the ECB.
The major Economic policy aims at students looking for a job that determines economic policy, in the very broad sense of the word (not only government, but also social partners, central bank, international institutions, financial institutions, ...). You study the role of the government in the economy: efficient allocation, government intervention and failure, inequality and poverty, social choice, and optimal taxation. We will teach you how you can deal with the current problems that welfare states face through an adapted policy. You also master the aspects that a central bank is faced with when conducting its monetary policy (in particular the ECB). In addition, the environmental and energy policy is discussed extensively: the central focus is on the optimal use of scarce resources and the related concepts of cost-efficiency, cost-effectiveness and information problems. Finally, you will discover the effects of fiscal policy on key macroeconomic variables such as economic growth and employment. Finally, the master’s dissertation is a very important element. Via that dissertation you can show that you are able to apply the acquired knowledge to a problem independently.
If you want to combine your master’s degree with a teacher’s degree, then there is the option of following an ‘Educatieve master’ instead of the above described master. The ‘Educatieve master’ however is a Dutch taught programme. More information can be found on www.ugent.be/educatievemaster.