The Economic Theory and the Issues of the Modern Russia

Programme objective:

Training of high-level specialists with deep knowledge of economic theory and economic statistics, possessing methods of econometrics, computer and mathematical modelling, capable of analytical work in any sphere of the national economy – in the private sector, in public authorities, in educational and scientific institutions, ready to continue their studies in domestic and foreign graduate schools.

Academic program manager:

Academician of RAS, PhD in Economics, Professor V. M. Polterovich,

MSU Deputy Director for master’s and postgraduate studies and postgraduate education, member of the Academia Europaea and elected Fellow of the international Econometric society, specialist in institutional economics, reform theory, macroeconomics, economic dynamics and general economic equilibrium theory.
Author of more than 320 scientific publications.

Coordinating managers of the program:

PhD in Physics and Mathematics, Professor S.A. Aivazyan,

head of the Chair of Econometrics and Mathematical Methods of Economics, MSU, Academician of the National Academy of Sciences of the Republic of Armenia, the founder of Russian econometric research, the author of classic textbooks on probability theory and econometrics used by thousands of students.
Author of more than 150 scientific works.

PhD in Economics, Professor S. P. Glinkina,

head of the Chair of General Economic Theory of MSE MSU, PhD in Economics, Professor, head of the scientific direction “International economic and political research” of the RAS Institute of Economics, one of the main specialists in transformation processes, shadow economy and economic integration, author of more than 200 scientific works.

Graduates of our program work in large private and public companies, in public authorities. So, Candidate of physics and mathematics D. Panchuk (graduated 2009) –is a leading specialist at Rosneft, lectures at MSE for evaluation of investment projects; Candidate of economic sciences K. Zorin (graduated 2006) – head of the Department of expert and analytical support, Reference Service of the President; P. Koltsov (graduated 2010) – Deputy Minister of energy, industry and communication of Stavropol region; M. V. Asriev (graduated 2011) – Economist in the Central Bank of the Russian Federation; A. A. Tutunjian (graduated 2014) – First CEO Deputy of the Moscow plant of thermal automation JSC.

A number of graduates continue their postgraduate studies, teach at the MSE MSU, do research at the RAS and defend theses (V. Arkhipova, A. Zaitsev etc.)

Alumni feedback

Professional competence of graduates


  • are ready to work as an economist and analyst in large state and commercial structures;
  • you are well versed in modern Russian economy, theories of corporate management and financial markets; you know how to work with data, modern methods of econometric and model analysis;
  • you are ready to enter MSE MSU graduate schools as well as leading academic institutions and educational institutions both in Russia and abroad.
  • The program provides the possibility to specialize in the energy sector economy, international economy as well as regional economy and economic policy.

Why our programme is special:

  • Combination of high-level theoretical courses and applied disciplines.

We pay special attention to applications of economic theory.
That is why our program, along with the advanced course of macroeconomics, includes “Applied international macroeconomics” course (read by the leading economist of the International monetary fund, PhD in Economics A. P. Kireev), and along with advanced course of microeconomics the course “Applied game theory” is also taught by a leading field expert, PhD in Physics and Mathematics Professor A. A. Vasin. Moreover, applied courses like Energy Economics: practicals tasks are also taught: by the PhD in Economics S. Y. Chernavsky), Advanced International Economics (lecturer – visit professor of the MSE MSU PhD Yohanan Shahmurov. University of Pennsylvania (USA)),”The impact of the financial crisis on the securities market.” (lecturer – Boris L. Richard, PhD, top Manager of the CornerstoneResearch company (USA).

  • Training in the most modern methods of economic analysis.
  • Among our teachers are the main Russian and famous foreign scientists.
  • Internships in the largest business structures like the Central Bank of the Russian Federation, public authorities and research institutes.
  • The possibility to obtain additional certificates for a diploma in one of three specializations: international economy, regional economy and energy economy.

Within each specialization there is a scientific seminar that allows students to listen to the reports of the largest scientists and experts on the relevant topics, to participate in discussions.

  • Courses are taught in both Russian and English.

With all this, having completed our training, you are ready to work in foreign companies, read western literature and continue your studies abroad.

Tuition fees, grants

The tuition fee in 2019/2020 academic year will be 450 000 roubles per year (for 2 semesters).


applicants having good and excellent marks for entrance exams or term exams get semester grants (enough to fully cover study expenses).
As for the past years, more than two thirds of master’s students study at the expense of grants.

Entrance examinations:

  • Written exam in general economics theory (micro, macro, econometrics), programme
    • Examplary tasks (with keys) for the section Macroeconomics
    • Examplary tasks (with keys) for the section Microeconomics
    • Examplary tasks (with keys) for the section Econometrics
    • Examplary questions for Econometrics
  • Exam in English (test), programme.

The exams are held according to the bachelor of Economics education programme. Entrance examinations programme is approved by the Academic Council of the Moscow school of Economics of Lomonosov Moscow state University.

1-3 days before exams there are consultations and installation lectures based on entrance exams topics:
macroeconomics, microeconomics, econometrics.

Non-resident students are provided with accommodation not earlier than 3 days before the entrance examinations.

Grants for education on the program “The Economic Theory and the Issues of the Modern Russia”:

Applicants who pass entrance exams with good and excellent marks receive annual grants. Grants for the 3rd and 4th semesters are preserved if the marks for the previous term exams are good and excellent. A student can also receive a grant while studying (2nd-4th semesters) in case his marks for term exams are good or excellent. As for the past years, more than two thirds of master’s students study at the expense of grants. In case the applicant receives insufficient number of points at the entrance exams to get a grant, he or she has to pay for the education programme. Payment is implemented on a term basis.

Documents for admission to the master’s education programmes are to be submitted in the period from June 20 to July 20, 2019:

  1. Personal application for admission on the first year of MSE MSU master’s degree programs;
  2. Passport;
  3. Education certificate (diploma) with official transcript;
  4. 6 photos in size 3×4 cm (black-and-white or color, no hats, on matte paper, made in the current year).

Applicants who successfully passed the entrance tests are to bring the originals of the diploma and official transcript as well as documents confirming the personality and citizenship of the applicant to the Admission Committee of the faculty.

Foreign certificates must be accompanied by a notarized translation and a certificate of equivalence issued by the Federal Education and Science Supervision Agency.

Diplomas issued by non-state Universities must be accompanied by a copy of the license and accreditation of the University.

Graduates of MSE MSU receive a state MSU diploma with the qualification of a master of economics.

Applications for master’s are accepted from June 20 till July 20, 2019.

Entrance exams schedule (held in 2 groups):

  1. Group:
    • July 3 10:00 am – General economics theory, room. 308, 302
    • July 5 – Foreign language, room. 308, at 10:00; 14:00 for English programme applicants
  2. Group:
    • July 21 at 10:00, room 308, 302 – General economics theory
    • July 24 at 10:00 and 14:00 – Foreign language, room 417
Introductory pre-exam lectures schedule (consultations):
1st group:
June 25 10:00 am – Microeconomics
June 28 10:00 am – Macroeconomics
June 29 10:00 am – Econometrics
2nd group:
July 18 10:00 am – Econometrics
July 18 12:00 am – Macroeconomics
July 19 10:00 am – Microeconomics

Immatriculation on the results of entrance exams in two groups.

The tuition fee in 2019/2020 academic year will be 450 000 roubles per year (for 2 semesters).

Basic part:

General professional cycle:

  • Microeconomics-III
  • Macroeconomics-III
  • Econometrics-III
  • Foreign language
  • History and methodology of economic science (philosophy)
  • Inter-faculty courses (student’s choice)

The variable part:

  • Modern mathematical methods of economic analysis
  • Public sector economics-II
  • Economic sociodynamics
  • Actual problems of the modern russian economy
  • Global world: Economics & politics
  • Applied international macroeconomics
  • Forecasting of macroeconomic processes
  • Time series analysis II-III (in English)
  • Theory of the firm and strategic planning
  • Economic reforms theory
  • Panel data regression analysisРегрессионный анализ панельных данных

Special courses at the student’s choice:

Research work and scientific and pedagogical practice are important components and elements of master’s training.

At the final stage, students write and defend their final qualifying work – a master’s thesis work and pass the state comprehensive interdisciplinary exam.

The total workload of the master’s program is 4320 hours, including 1130 hours of classroom training, 236 hours of lectures and 842 hours of practical classes.

During the study process students take 24 pass-fail exams and 13 exams, as well as perform coursework, reports, essays and other practical tasks.