Bachelor Degree in Economics

Αdmission 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 BSc in Economics provides students with a solid foundation in economic theory and quantitative analysis, preparing them for professional careers in the public and the private sector, as well as for postgraduate studies in economics and related fields. Graduating students can pursue careers in fields such as banking, financial services, consulting, data analysis, public policy, and academic research.

The programme explores how individuals, businesses and governments make decisions, how markets work, and what drives economic change. Taught in English, it combines a broad understanding of economics with the analytical skills needed to examine evidence and assess the choices faced by businesses and society. Students develop analytical thinking, data management, and problem-solving skills through modern tools, applied methodologies, and real-world economic applications.

The curriculum includes core courses in microeconomics, macroeconomics and econometrics, alongside a wide range of elective courses that allow students to develop their interests across different areas of economics and related disciplines. Training in applied research helps students connect economic ideas with practical questions and develop a structured approach to investigating economic problems.

The degree offers a flexible structure, allowing students to shape their studies around their interests and future ambitions. Students may follow a broad programme in Economics or pursue one of two optional concentrations: Economic Theory and Econometrics, which emphasises economic modelling, quantitative methods and empirical research, or International and European Economic Studies,which combines economics with the study of European integration, international political economy and related disciplines.

The first three semesters are common to all students, providing time to explore the subject before deciding whether to specialise. Students wishing to pursue a concentration select it by the end of the third semester, and successful completion of the concentration is reflected in their degree title.

Learning Outcomes
Graduates of the programme will:

(a) have a solid foundation in core economic theory.

(b) understand the major issues and challenges that shape modern economic science.

(c) be able to develop arguments based on economic reasoning in order to analyse economic and broader social issues.

(d)have developed skills in data management and analysis, economic writing, and research methodology.

Curriculum Structure
ECTS Credit Distribution
Compulsory Courses 128

• ECO 89
• MAS/CS 24
• LAN 15

Restricted Electives 90

• ECO 66
• ECO/AFN/BPA/MAS 24

Free Electives 22

TOTAL ECTS 240

Important Information

• Degree: Bachelor Degree in Economics
• 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:
Banking • Financial Services • Public Sector • Consulting Firms • Research • Data Analysis • Postgraduate Studies
The English-taught BSc in Economics builds on the strong track record that the Department of Economics has established in preparing graduates for professional careers and postgraduate studies. Graduates of the Department have built careers with leading firms in Cyprus and organisations across the public and private sectors, while others have continued their studies at internationally recognised universities.

Careers in the private and public sector
Our graduates have pursued careers with leading professional services firms, including PwC, EY and KPMG, as well as financial institutions such as Bank of Cyprus. Their roles span auditing, economic advisory services, banking, financial analysis and investment. Graduates have also taken up positions at the Central Bank of Cyprus, the Ministry of Finance, the Cyprus Securities and Exchange Commission and the House of Representatives of Cyprus, demonstrating the relevance of an economics education to public policy, economic analysis and financial regulation. The programme develops analytical, quantitative and problem-solving skills that are valuable across these fields. Training in economic theory, econometrics and data analysis equips students to interpret economic developments, assess evidence and support decisions in businesses, public organisations and research institutions. Recent alumni studies show that around 85% of the Department’s graduates find employment related to their field of studies with some months from their graduation.

Master studies at leading universities
Graduates of the Department have gained admission to master’s programmes at top institutions across Europe including the London School of Economics and Political Science (LSE), University of Warwick, and Bayes Business School in the UK, as well as the Erasmus University of Rotterdam, Maastricht University, Universitat Autonoma de Barcelona, University of Helsinki and others. The degree provides a foundation for further study in economics, econometrics, finance, public policy and related disciplines, allowing graduates to deepen their expertise and pursue their academic and professional interests.

Doctoral studies and academic careers
Department graduates have also secured full scholarships for doctoral studies at world-leading universities in the US and in Europe including Northwestern University, University of Rochester, Washington University in St. Louis, University of Wisconsin at Madison, and Universidad Carlos III de Madrid. Some other graduates have pursued their postgraduate studies at UCY and have subsequently taken up academic positions abroad, in places such as the University of Glasgow and the University of Essex, continuing their careers in university teaching and research.