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Mathematical Modelling in Economics

Master’s Degree Program: Mathematical Modelling in Economics
Period of study: three semesters
Form of study: full-time
ECTS: 90
Coordinator: Assoc. Prof. Leda Minkova, PhD
University of Sofia,
Faculty of Mathematics and Informatics,
5 James Bourchier blvd., 1164 Sofia, Bulgaria,
Phone: +359 2 978 31 85,

    The programme provides acquaintance with various tools taken out from Mathematics and Informatics. This helps the process of acquiring theoretical and practical knowledge applicable in Economics, Finance, Insurance, Company Management, etc. Courses as part of the main sections of Mathematics are included (Optimization problems, Probabilistic and Statistical methods, Numerical Analysis, Dynamic problems). They can be used to model, study and optimize particular events and processes in Economics. Computer skills combined with profound knowledge in Micro- and Macroeconomics, financial tools and markets, risk evaluation, insurance, data processing, etc., are necessary. Cooperation with insurance companies provides the opportunity to analyse real models and data.
The process of education, even in traditional disciplines in Economics, differs with its high level of using mathematical means- at a degree compatible with typical PhD university programmes in Economics.
The period of study is three semesters. Every student has to visit a seminar and to pass three compulsory exams (one from group A and two from group B). The rest they choose according to their own interests out of a common list of offered courses. Students are divided into two groups: 1.Mathematical Finances and Actuarial Science; 2.Economics. The corresponding compulsory exams are marked with B1 and B2.
The course of study finishes with writing a master thesis.
Compulsory disciplines:
Group A:

  1. Econometrics
  2. Seminar

Group B1:

  1. Stochastic Analysis and Applications
  2. Time Series

Group B2:

  1. Macroeconomics of the open economy
  2. Applied General Equilibrium