Bachelor Degree in Economics – Concentration: Economic Theory and Econometrics

Admission Criteria
Minimum necessary requirements for admission to the programme:

i. International, Pancyprian, or other equivalent examinations
We welcome applicants from all backgrounds and accept a broad range of qualifications. Applicants must submit results from international, Pancyprian, or other equivalent examinations. The list below outlines the typical entry requirements for the programme.

ii.Recognized High School Leaving Certificate or Equivalent Qualification
Applicants must have successfully completed secondary education and hold a high school leaving certificate or equivalent qualification that gives access to higher education in the country in which it was awarded.

iii. Demonstrated Proficiency in English
Applicants must demonstrate proficiency in English by meeting the requirements outlined below.
Examination Results
i. International examinations include the following:
GCE/IGCSE exams
UCAS Tariff achieving 112 points based on 3 GCE A Levels. One of the three subjects must be Mathematics with minimum grade B (40 UCAS points). An examination on the applicant’s native language may not be counted as one of the three GCE A Levels. One of the two GCE A Levels, other than Mathematics, may be replaced by a Leaving Certificate (Apolytirion) or equivalent, with a minimum overall grade of 19/20.

International Baccalaureate
30 points. One of the subjects must be Mathematics at Higher Level (either AA HL or AI HL), with a minimum grade of 5.
French Baccalaureate
Baccalauréat Général with an overall average of at least 12/20 and a minimum grade of 12/20 in Spécialité Mathématiques in Terminale.

ii. Pancyprian Examinations, Panhellenic Examinations, other national or equivalent examinations

Applicants must have been examined, as part of the relevant national or equivalent examination system, in a Mathematics subject at a level comparable to Mathematics Orientation (Μαθηματικά Κατεύθυνσης) in the Pancyprian Examinations. Applicants seeking admission through the Pancyprian Examinations must have achieved an admission score no lower than that of the last admitted student to the corresponding Greek-language programme in the same academic year. For applicants seeking admission through other national, international, or equivalent examinations, the required level of performance must be comparable to that specified in the admission criteria above.

Language Requirements
Applicants are required tο provide proof of proficiency in English. The minimum criteria set by the Ministry of Education, Sports and Youth can be found here.
i. G.C.E. O-Level in English Language with a grade of “C” or above.

ii. I.G.C.S.E. in English Language with a grade of “C” or above.

iii. E.L.T.S./I.E.L.T.S. with a score of 6 or above (Academic or General Training), provided that the relevant certificate was obtained before 1 January 2010.

iv. It is emphasized that if the certificate was obtained after 1 January 2010, it will be accepted as evidence only with a score of 6.5–7.

v. Cambridge Advanced Certificate in English with a grade of “C” or above.

vi. T.O.E.F.L. with a score of 550 or above (Paper-based), or T.O.E.F.L. with a score of 213 or above (Computer-based), or TOEFL (Internet-based) with a score of 92 or above.

vii. Certificate of Proficiency in English of the University of Cambridge with a grade of “C” or above.

viii. Certificate of Proficiency in English – University of Michigan.

ix. Anglia Examinations – Proficiency (C1).

x. ESB, Level 3 Certificate in ESOL, International All Modes – C2.

xi.International Baccalaureate (IB) – English A: Literature/Language and Literature with a minimum grade of 5 or English B with a minimum grade of 6.

xii.Certificate of success in the exams conducted by the Cyprus Ministry of Education and Culture.

xiii.Certificate of success in year 6th final exams, of the Cyprus State Institutes of Further Education.

xiv.Other equivalent recognized exams that will prove proficiency in English language.

xv.Candidates who already hold a degree from a recognized university programme taught in English are considered to have proficiency in English.

Supporting Documents and Qualifications
Applicants must also submit:

1) A motivation letter

2) A curriculum vitae (CV)

3)Additional Qualifications (if available): Applicants are encouraged to submit additional information that strengthens their application and demonstrates abilities, interests, or achievements beyond their academic performance. For example, such information may include athletic or artistic distinctions, participation and/or distinctions in national or international competitions and Olympiads, participation in research or technology programs, innovation or entrepreneurial activities, volunteering and community engagement, and participation in activities such as debating, Model United Nations, and others.

Scholarships and Financial Aid
Scholarships may be awarded based on academic merit, talent, leadership, or other criteria established by the University. Financial aid programs are available to eligible students and may include grants, tuition fee reductions, or other forms of support.

The programme at a glance
The Economic Theory and Econometrics concentration within the BSc in Economics provides a strong quantitative and analytical background. It is particularly suited to students who enjoy mathematical reasoning and want to explore economic questions in greater technical depth.

The programme combines modern economic theory with advanced quantitative methods, allowing students to develop skills in economic modelling, rigorous econometric analysis and empirical research using real economic data and specialised software. The curriculum includes advanced courses in microeconomics, macroeconomics and econometrics, complemented by game theory, advanced mathematics, and postgraduate-level economics.

This concentration prepares students both for demanding professional careers requiring analytical and quantitative thinking and for advanced postgraduate study in economics, finance, data science and related quantitative fields. Its emphasis on theoretical and empirical methods also provides a solid basis for students aiming to pursue doctoral studies and a research career.

Learning Outcomes
Graduates of the programme will:

(a) Have an in-depth understanding of economic theory, econometrics, and quantitative methods used in modern economic analysis.
(b) Be able to develop and apply economic and econometric models for the analysis of real-world economic issues.
(c) Have developed advanced skills in the management, analysis, and interpretation of economic data using statistical and computational tools.
(d) Be able to empirically evaluate economic relationships and draw evidence-based conclusions using quantitative data and research methods.
(e) Have acquired skills in critical thinking, economic reasoning, and scientific research, valuable both in the labour market and in advanced postgraduate studies.

Curriculum Structure
ECTS Credit Distribution

Compulsory Core Courses 134

• ECO 95
• MAS/CS 24
• LAN 15

Restricted Electives 86

• ECO 60
• ECO5XX/MAS 14
• ECO/AFN/BPA/MAS 12

Free Electives 20

TOTAL ECTS 240

Important Information

• Degree: Bachelor Degree in Economics with concentration in Economic Theory and Econometrics
• Mode of Study: Full time
• Department: Department of Economics
• Faculty: Faculty of Economics and Management
• Coordinators: Associate Professor Nikolaos Tsakas and Associate Professor Costas Hadjiyiannis

Assesment and Grading
The grading system is numerical, from 0 to 10 in increments of 0.5. The minimum passing grade is 5. The final grade of an undergraduate student, and consequently the classification of the Degree is as follows: Excellent with Distinction (9.5-10), Excellent (8.5-9.49), Very Good (6.5-8.49), Good (5.5-6.49) and Satisfactory (5-5.49). The Grade Point Average (GPA) is calculated as the weighted average of all the courses that the student has successfully completed. The weighting is based on the ECTS credits of each course.

Future Prospects:
Econometric Analysis • Data Analysis • Financial & Risk Analysis • Economic Consulting • Research Analyst • Data Science • Central Banks • Financial Services • Policy Analysis • Research Institutions • Postgraduate Studies and Academic Research
The concentration on Economic Theory and Econometrics puts special emphasis on mathematical and statistical methods is particularly relevant to work involving econometric modelling, economic forecasting, quantitative policy evaluation and financial risk analysis. This training supports specialised analytical roles that require estimating economic relationships, assessing alternative scenarios and interpreting statistical evidence.
The concentration provides solid preparation for students planning to pursue demanding master’s programmes and doctoral studies in economics, finance, data science and other related quantitative fields. Its emphasis on mathematical reasoning, economic modelling and advanced econometric methods develops the theoretical and empirical skills needed for postgraduate research. It is particularly suited to students aiming for a research career in academia, central banks, policy institutes or the research departments of international organisations.