As the program exposes students to topics in mathematical economics, mathematical statistics and finance, applicants are required to have an excellent background in highschool mathematics. Prior knowledge of economics or finance is an advantage but it is not required.
Bachelors in Financial Economics in Prague in Czech Republic. As the program exposes students to topics in mathematical economics, mathematical statistics and finance, applicants are required to have an excellent background in highschool mathematics. Prior knowledge of economics or finance is an advantage but it is not required. In addition, applicants should have a good command of English corresponding at least to B2 level under the CEFR system and they should be capable of reading textbooks of economics and mathematics without difficulties.
Mandatory courses introduce the students to microeconomics, macroeconomics and provide students with nontrivial tools of mathematical analysis and statistics. Mandatory courses are intended to give a broad overview of major topics in economics and finance, and to provide a solid background for further studies of specialized elective courses. Elective courses cover a wide range of specific areas in economics and finance, which allows the students to specialize in the field of their interest. The topics include finance and banking (e.g. introductory banking, financial accounting, international finance, public finance), management (e.g. strategic management, financial management), economic policy (e.g. economic policy, global financial crisis), international trade and European economic integration. We also offer courses in complementary areas (e.g. history of economic thought, game theory and political economy, introduction to sociology).
The open day will take place at the Institute of Economic Studies (IES, Opletalova 26, Prague 1) on 6. 1. 2017 at 9 a.m. and 9. 6. 2017 at 9 a.m.
Description of the entrance examination and evaluation criteria
In addition to the application form, the applicant must provide the following documents:
1. Copy of a diploma to show completed secondary studies, or confirmation of ongoing secondary studies in the academic year that those studies will be completed;
2. Transcript of marks and academic results from previous secondary studies;
4. Document showing level achieved in English language.
5. Document showing level achieved in mathematics.
6. Motivation letter.
Knowledge of English : Applicants who are native speakers of English or whose high school studies were conducted in English do not need to provide evidence of their level of English. Other applicants should provide results either from IELTS (minimum required points: 6.5; in addition, 6.5 points from at least three components), or from TOEFL (minimum required points: 90) or from an equivalent test (e.g. CAE).
Knowledge of mathematics: Another pre-condition for acceptance is to reach the required number of points set by the Dean for that particular academic year, through the following options:
- Predicted or final mark in the International Baccalaureate (IB) Diploma Group 5 – Mathematics. The required minimum from the overall predicted or final IB score is 32 points, or
- General Certificate of Education Advanced Level (A Levels), one of which is Maths, or
- College Scholastics Ability Test (Suneung), or
- SAT test (Critical Reading, Mathematics and Writing), or SAT Subject test Math Level 1, or SAT Subject test Math Level 2, or
- The ACT Composite test, or
- SCIO Mathematics, or
- Final exam in mathematics from UJOP, Charles University, Podebrady, with a required minimum of 75 points.
Only test results from within the previous two years can be accepted. An alternative to these tests is to have passed the course JEB122 Introductory Mathematics at the Faculty of Social Sciences, Charles University.
Confirmation of studies may be substituted with a transcript of marks, provided that these are from the same academic year as the application.
All documents which are not originally in Czech, Slovak or English must be accurately translated into English.
Conditions for admission
The admissions commission will assess applicants on the basis of the documents submitted and give a ranking from 1-10 points. The point limit for accepting applicants is set by the Dean. A pre-condition for being accepted is the completion of secondary education. Applicants who undertook secondary studies abroad must have these studies officially validated in the Czech Republic.
Information on the exercise of graduates
Bachelors graduates are qualified to undertake intemediate-level quantitative analysis and modeling in economics and finance. The program is designed to be equivalent to the undergraduate programs in Economics and Finance in the top universities in the EU, including a significant part of mathematics and statistics. Bachelors graduates are familiar with the essential economics knowledge and quantitative skills, as well as detailed knowledge about particular fields such as financial markets, banking, international trade and finance, public economics and economic policy-making. The level of instruction and requirements in the core courses facilitate easy transfers of the graduates into top Masters programs in Economics and Finance in the EU.