Master in Economics and Finance (MEF)

Master in Economics and Finance (MEF)

A two-year English-language Master's degree programme aims to give the student a thorough grounding in both theoretical and applied economics.

We put emphasis on developing abstract analytical reasoning, which allows our graduates to solve complex economic problems in various settings. The applicants must have solid background in Mathematics and good command of English. Courses are taught both by members of the Institute of Economic Studies (IES) and external professionals from the central bank, commercial banks and business analysts. Our graduates typically assume challenging positions in banking, consulting, investment funds and public administration.

MEF Factsheet

Detailed information

Programme Duration: 2 years  

Language of Instruction: English 

Programme Director: prof. Ing. Michal Mejstřík, CSc. (

Programme Coordinators: Jiří Novák, PhD. (, PhDr. Jaromír Baxa (

Admission Administration:


The MEF programme consists of 120 ECTS credits (a typical course corresponds to 4–6 credits). The courses are consist of the core courses (33 ECTS credits), the field elective courses (67 ECTS credits), the off-field elective courses (12 ECTS credits), and two Master’s Thesis seminars (9 ECTS credits). The core and field elective courses are taught at the Institute of Economic Studies (IES), the off-field elective courses can be taken at any department of Charles University. The courses are taught both by IES faculty and by external professionals from the central bank, the commercial banks, and from the investment and consulting companies. 


Study prerequisites

As the programme exposes students to advanced topics in economic and finance applicants are required to have a sufficient background in mathematics. The applicants should have studied at least two terms of Bachelor level mathematics. Prior knowledge of Bachelor level 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 Master level textbook without difficulties. We especially welcome applicants with Bachelor degrees in economics, finance, business studies, mathematics, physics, or technical fields.


Admission criteria

There is no formal entrance test and we evaluate the complete application package provided by the applicant. We welcome applicants with a strong motivation and a consistent past performance track record. Applicants must be able to demonstrate sufficient competence in mathematics and in English. Such competence is best proven by dedicated standardized tests, e.g. GMAT or GRE for mathematics and abstract conceptual thinking, and TOEFL, IELTS, or similar for English. We do not require the standardized test from students who can demonstrate their competence in these two areas otherwise, e.g. Bachelor program studied in English, high grades from quantitative courses at the Bachelor level.

Download Admission Requirements



Core courses

Find the list here. Compulsory core courses introduce the students to the advanced topics in macroeconomics, microeconomics and econometrics as well as to two major fields in finance, namely financial markets and banking. The core courses are intended to give a broad overview of the major topics in economics and finance, and to provide a solid background for further studies of specialized elective courses. In total, the core courses give 33 ECTS credits.

  • Master’s Thesis Seminar I (6 credits)
  • Master’s Thesis Seminar II (9 credits)
  • Advanced Macroeconomics (9 credits)  
  • Advanced Econometrics (6 credits)  
  • Banking (6 credits)
  • Financial Markets (6 credits)
  • Microeconomics of Banking (6 credits) 


Field elective courses 

Find the list here. Field 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 advanced economic theory (e.g. business cycles theory, economic dynamics, game theory), applied economics and economic policy (e.g. monetary economics, international macroeconomics, antitrust economics, health economics, environmental economics, development economics), theoretical finance (e.g. quantitative finance), and applied finance and investment (corporate finance, portfolio analysis and risk management, international finance, insurance, company valuation, real estate investment). We also offer courses in complementary areas (e.g. strategic management, corporate governance, law and regulation). Students are required to collect at least 67 ECTS credits for elective courses.


Off-field elective courses

Off-field elective courses can be taken at any department of Charles University or at any partner university. Students may take 12 ECTS credits outside of the Institute of Economic Studies. These credits can also be used to follow the Czech language classes offered by FSV UK. 


Graduation requirements

Besides completing 120 ECTS credits in the pre-defined structure students must also defend their Master’s Thesis. Every student chooses a supervisor who guides him or her through the thesis writing process. Two compulsory Master’s Thesis seminars are offered to help students with academic writing skills.


Tuition fees

  • 6000 EUR per year

Please note that these fees cover only the cost of instruction and examinations, as well as the access to libraries and computer laboratories. It does not cover the cost of textbooks and other teaching material nor the living expenses, e. g. accommodation, meals, etc. The university provides assistance to students interested in affordable accommodation at student dormitories.


Reducing or Waiving the Fee

The Faculty of Social Sciences wants to support the future students and their studies. Therefore we offer a set of scholarships and fee reductions!

Conditions for reducing or waiving the fee for study in a foreign language at FSV UK can be found here.