Department of Economics
Should you wish to learn...
EUSP Department of Economics is one of the few places in Russia providing MA-level economic education on par with international standards. The course curriculum developed in the Department has its roots in 1992 when a set of modern economics courses would be regularly taught to graduates in St.Petersburg by a group of local specialists of international standing. Since 1996 the Department of Economics has built upon the previous work of its staff by expanding and launching its MA-level programmes in economics, doing its utmost in complying with the best traditions in high-quality economic education of Europe and the US.
About Our MA Progammes
The Department has been continuously updating and revising its educational programme in line with latest tendencies and developments in economic science and demands of the labour market. In that respect valuable advice is provided by the International Advisory Board of the Department consisting of world-class academics. In recent years, the Department has also been actively enlisting help in teaching and research activities from researchers representing leading Western research centres and universities. Our MA Programmes in Economics and Finance are absolutely top-notch in Russia!
About the Faculty
The Department ensures high-quality education through a thorough selection process of the faculty who have among them 5 Doctors of Science (Rus.), 9 Candidates of Science (Rus.), 4 professors with PhD degrees from Western universities. All our lecturers and researchers are constantly involved in various research projects, frequently attend international conferences and often visit universities and research centres outside Russia. From time to time we also host visiting faculty from universities in Europe, Israel and Australia.
About Being a Research University in Russia
We are convinced that teaching modern advanced courses in economics is impossible without active academic work in parallel, so our faculty is engaged in research projects focusing on issues of macroeconomic policy, economic growth and development, game theory, econometrics, natural resources economics, etc. At the same time, studying economics is impossible without students’ own research efforts, so that our MA programme includes several different research projects on which students work under the guidance of or, in some cases, alongside the faculty members. For Russia implementing the concept of "research university" is still rather new, and we pride ourselves in being one of a few pioneers in that respect!
About Where We Stand Vis-à-vis Our Competitors
According to the research done by The University Times, an Internet portal, in 2012 the Department of Economics at the EUSP was among the top two leading institutions of higher economics education in the city of St.Petersburg. Besides, for two years we have also consistently made it to the top 10 of best Russian centres in economic research according to RePEc.
Efficiency of our educational strategy is confirmed by the success of our graduates who work in financial and consulting companies, research centres, business media, as well as those who choose to continue on in academia to PhD programmes in Europe and the USA or work for Russian universities and academic institutions.
About 30% of our alumni have already received either PhD degrees from leading Western universities or Candidate of Science degrees from prestigious Russian institutions; others are still on their PhD track. Judging by these statistics alone, we currently are among true leaders in economic education in St.Petersburg and Russia!
Next Public Event
Most Recent News
For the archived news from 2013 as well as previous years please consult this page.
|17 July 2014 - A video of the last lecture by Kirill Ilinski (CFO, Fusion Asset Management, London) "Tale of the Troika or Hard to Be a God: Managing Assets in the Long Run" has been added to the Video Archive. The lecture took place at EUSP back in April 2014, however due to unforseen circumstances the video took more than 3 months to produce!|
|1 July 2014 - Palgrave Macmillan has just published "Creating a Eurasian Union. Economic Integration of the Former Soviet Republics" - the latest volume by Yulia Vymyatnina, BP professor of economics, and Daria Antonova, graduate of the Department of Economics. Introducing the book Palgrave, in particular, points out that "Vymyatnina and Antonova's distinctive argument is the first consistent analysis of the emerging Eurasian Union." Congratulations!|
|25 June 2014 - Alexander Alexeev, a graduate of the Department of Economics and, currently a PhD student at Emory University (Atlanta, GA, USA), and Mikhail Sokolov, professor of economics, have published article A Theory of Average Growth Rate Indices in Mathematical Social Sciences. Congratulations!|
|18 June 2014 - A new article entitled "Growth and Mitigation Policies with Uncertain Climate Change" by Lucas Bretschger and Alexandra Vinogradova (both - ETH, Zurich, Switzerland) has come out in the working paper series of the Centre for Energy and Environmental Economics Studies, affiliated with the Department of Economics.|
|1 June 2014 - Maria Nastych and Aleksei Chernulich, both second year students, have become winners of the EUSP prizes for student's published research. Maria's paper "M&A Cooperative Games" featured in Equilibrium. Quarterly Journal of Economics and Economic Policy, Vol. 9, No. 1 while Alexei's work "A Study of A Linkage Between Natural Resource Abundance and Pension Systems Efficiency" came out in the EUSP Department of Economics Working Paper Series earlier this year and also featured on the website of the Laboratory for Pension Reform. Congratulations!|
|30 May 2014 - Article "Estimating VAR-MGARCH models in multiple steps" by Hakan Eratalay, MDM Professor of Financial Econometrics, and Angeles Carnero (Universidad de Alicante, Spain) has been published in Studies in Nonlinear Dynamics & Econometrics. Congratulations!|
|18 May 2014 - A new working paper Forecasting In a Non-Linear DSGE Model by Sergey Ivashchenko (St.Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences) has been published in the Working Paper Series of the Department of Economics.|
|13 May 2014 - Maxim Bouev, head of the Department of Economics, discussed the future of the Russian economy with Andrey Gorianov, editor-in-chief of Slon.ru, an Internet portal, in weekly programme "Money" (link is in Russian) on TVRain.|
|12 May 2014 - Maxim Bouev, head of the Department of Economics, took part in "Conversations in Financial Careers for MGIMO students", organised by LowRisk.ru portal and Moscow International Currency Exchange (MICEX).|
|7 May 2014 - Website portal Theory & Practice has published an interview with Yulya Vymyatnina, BP professor of economics, on the origins of financial crises (in Russian). The interview predates the launch of a new online-course (currently also in Russian) by Professor Vymyatnina on the nature of money and its various theories.|
|5 May 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Georgian Bands and Flemish Poppies" (in Russian) was published in "Vedomosti", a leading Russian business daily.|
|21-25 April 2014 - The EUSP was hosting John Weymark (Vanderbilt University, USA), a member of the International Advisory Board of the Department of Economics. Professor Weymark held a few meetings with the rector of the University, the staff and students of the Department of Economics. He also gave a a course in Redistributive Non-linear Income Taxation based on his forthcoming book.|
|24 April 2014 - A new article entitled "Payments for Carbon Sequestration in Agricultural Soils: Incentives for the Future and Rewards for the Past" by Mireille Chiroleu-Assouline (Paris School of Economics - Université Paris 1 Panthéon-Sorbonne, France) and Sébastien Roussel (Université Montpellier, France) has come out in the working paper series of the Centre for Energy and Environmental Economics Studies, affiliated with the Department of Economics.|
|19 April 2014 - Maria Nastych, a second year MA student in the Department of Economics, has published article M&A Cooperative Games in Equilibrium. Quarterly Journal of Economics and Economic Policy, Vol. 9, No. 1. Congratulations!|
|18 April 2014 - Christopher Davis (University of Oxford, UK) gave seminar The Dynamics of the Human Capital of the Elderly in Russia, 1990-2020: From Liability to Asset? The lecture was attended by EUSP students and faculty, as well as representatives from the Institute for Economics and Mathematics (St.Petersburg), the Higher School of Economics (St.Petersburg branch), and the University College (London, UK).|
|16 April 2014 - Maxim Bouev, head of the Department of Economics, took part in a discussion of the current economic situation in Russia in programme "Today. Hot News" on RBC TV, a leading Russian business TV channel.|
|10 April 2014 - Birgit Hansl, lead economist with the World Bank in Moscow, has presented Russia Economic Report No 31 at the EUSP Golden Hall. The event was hosted by the Department of Economics and the EUSP International Programmes.|
|7 April 2014 - Kirill Ilinski (CIO, Fusion Asset Management, London) has given a seminar on financial modelling, entitled "A Tale of the Troika or Hard to be a God: Managing Assets in the Long Run". The lecture was attended by students and industry professionals from St.Petersburg, Moscow, Odessa, and other cities of the former Soviet Union.|
|7 April 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "The West Will Benefit from Open Borders with Russia" (in Russian) was published in "Vedomosti", a leading Russian business daily.|
|3 April 2014 - The Department of Economics staged its annual Oped Doors Day aimed at future applicants to its MA programmes in economics and finance. The Day (or rather the evening!) kicked off to a good start with a presentation of the new book "Theory of Money: Lessons from the Crisis" (in Russian) by Yulya Vymyatnina, BP professor of economics. Then Maxim Bouev, head of the Department, introduced the Department and its activities to the audience, after which an informal Q&A session followed over a glass of wine in one of the Department's class rooms.|
|25 March 2014 - Kirill Borissov, Professor of Economics, took part in a discussion of possible economic sanctions of G7 countries in relation to Russia in programme "Today. Hot News" on RBC TV, a leading Russian business TV channel.|
|24 March 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Russia and Europe are Playing Out a Prisoner's Dilemma" (in Russian) was published in "Vedomosti", a leading Russian business daily.|
|20-22 March 2014 - EUSP was hosting the 3rd International Spring School in Risk Management, Insurance and Finance. Short 6-hour courses were given to more than 60 participants by Karl-Theodor Eisele (University of Strasbourg, France), Mario Wüthrich (ETH, Zurich, Switzerland) and Olga Pavlova (Grizzly Bear Capital, London, UK). The School was total success! The participants who attended at least one full day of lecturers were awarded certificates of participation.|
|19 March 2014 - Maxim Bouev, head of the Department of Economics, took part in a discussion of possible economic sanctions on the part of the USA and Europe in relation to Russia in the aftermath of the Crimean crisis in programme "Today. Hot News" on RBC TV, a leading Russian business TV channel.|
|14 March 2014 - Maxim Bouev, head of the Department of Economics, took part as a panel moderator in the V Russian Pension Congress, convened in Moscow.|
|12 March 2014 - On 10 and 12 March Slon.ru, a leading Internet news portal, published two new articles (in Russian) by Maxim Bouev, head of the Department of Economics, reflecting on various aspects of the political crisis in Crimea.|
|10 March 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Why Scotland is Different from Crimea" (in Russian) was published in "Vedomosti", a leading Russian business daily.|
|4 March 2014 - A new article by Yulia Vymyatnina, BP Professor of Economics, has been published by Slon.ru, a leading Internet news portal. The article (in Russian) is entitled Why Will Military Spending Not Foster the Russian Economy? and tells the reader about economic consequences for Russia of the country's military intervention in Ukraine.|
|27 February 2014 - A new working paper Public Goods, Voting, and Growth by Kirill Borissov (Professor of Economics at EUSP), Joseph Hanna and Stephane Lambrecht has been published in the Working Paper Series of the Department of Economics.|
|25 February 2014 - The Golden Hall hosted Dr Stanislav Shmelev (Environment Europe, Oxford, UK), who gave there a lecture on BRICs in Development: Economies, Social Wellbeing and Ecological Sustainability.|
|20 February 2014 - Vitaly Meursault and Aleksey Chernulich, 1st and 2nd year students of the Department of Economics, have been awarded the prestigious V.Potanin scholarship! The total number of the scholarships awarded to students in various Russian cities by the Vladimir Potanin Foundation Scholarship Program is 300. It is fantastic that such a fierce competition did not discourage our students to apply and, eventually, win the award! Congratulations!!|
|15 February 2014 - A video of the latest lecture by Kirill Ilinski (CFO, Fusion Asset Management, London) "Factor Models: Statistics or Arbitrage?" that he gave at EUSP on 10 February this year has been added to the Video Archive.|
|10 February 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "How To Make Russian Universities Enter the Global Market?" was published in "Vedomosti", a leading Russian business daily.|
|29 January 2014 - Maxim Bouev, head of the Department of Economics, took part in programme "Reflections: The Wobbly Ruble" (in Russian) on 100TV, a local TV channel.|
|27 January 2014 - The article by Alexei Chernulich, a second year student, on efficiency of pension systems in economies rich in natural resources, has been published on the website (in Russian) of the Laboratory for Pension Reform. Previously, the article had come out in the working paper series of the Department of Economics.|
|27 January 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Pensioners Can Quite Take the Responsibility for the Size of Their Pensions" was published in "Vedomosti", a leading Russian business daily.|
|13 January 2014 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "On the Benefit of Trade Barriers" was published in "Vedomosti", a leading Russian business daily.|
Contacts for mass media:
Kirill Borisov, Professor of Economics
macroeconomics, development and growth, pension systems, energy dependence
Maxim Bouev, Professor of Applied Finance, Head of the Department
labour markets, informal economies, corruption, international finance, financial markets, derivatives, economic crises
Yulia Vymyatnina, British Petroleum Professor of Economics
macroeconomic policy, banks, central banks, monetary policy, energy markets, customs union (Russia-CIS countries)
Department of Economics
European University at St. Petersburg
3 Gagarinskaya Street
St. Petersburg, 191187
Tel. +7 (812) 386 76 32