Graduates of the programme will be able to work in academia, international and local research institutions, government bodies.
Language of instruction: 100% English
Faculty: PhD from leading international universities, experts from international and national research institutions
Learning objectives of the programme:
• Demonstrate leadership, professional ethics and effective teamwork;
• Demonstrate proficient command of English, both writing and verbal, and presentation skills;
• Be committed to high standards of research ethics and academic integrity;
• Independently conduct applied research of appropriate novelty and quality;
• Find and deliver insights based on research to relevant stakeholders;
• Articulate professional judgments based on existing and original information;
• Apply analytical skills to diagnose, evaluate and solve problems in finance to develop recommendations;
• Develop and polish solid risk management competences;
• Critically assess the risk management process and identify problems and challenges that can arise in the risk management process;
• Distinguish and apply tools and procedures used to measure and manage risk, including quantitative measures, qualitative assessment, and enterprise risk management;
• Explain the need for high ethical standards in the investment industry and the ethical responsibilities required by the CFA Institute Code of Ethics and standards of Professional Conduct and GARP with respect to risk management practices;
• Establish and develop a strong culture of risk awareness within in their organizations;
• Demonstrate solid knowledge and practical skills of estimating and interpreting econometric models for finance;
• Operate theoretical knowledge and practical modeling and coding skills to handle data and conduct econometric research;
• Articulate knowledge and skills in understanding of the general legal framework, and of specific legal areas relating to business world, and the legal implications of business activities;
• Assess key characteristics of a wide range of financial products and its valuation and investment management strategies.
Code | Courses | ECTS | Semester |
PHL7201 | An Introduction to the Philosophy of Social Sciences | 5 | 1 |
ECN7202 | Optimization Theory in Economic Analysis | 5 | 1 |
ECN7203 | Applied Microeconometrics | 5 | 1 |
ECN7204 | Applied Macroeconometrics | 5 | 1 |
ECN7305 | Advanced Microeconomics | 5 | 2 |
ECN7306 | Advanced Macroeconomics | 5 | 2 |
ECN7307 | Causal Inference and Quasi-Experimental Research | 5 | 2 |
ECN7208 | History of Economic Thought | 5 | 3 |
ECN7313 | Labour Economics | 5 | 4 |

Kemelbayeva Saule
• Newcastle University, UK, PhD in Economics, Bolashak International
• Research interests: Applied Microeconometrics, Causal Inference, Economics of Education, Labour Economics.

Qoraboyev Iqbolzhon
• University of Toulouse, France, PhD in Public International Law
• Research interests: comparative regionalism, international law, and international organizations and with a particular focus on Central Asia, post-Soviet space, and Turkey.

Tanekenov Aslan
• Heriot-Watt University, Edinburgh, UK, Ph.D. in Urban Studies
• Research interests: International civil society organizations, Social enterprise, Empowerment of socially vulnerable people, Cross-sector partnerships

Akizhanov Kuat
• University of Bath, UK, Ph.D. in Social and Policy Sciences
• Thesis: The impact of financialisation on income inequality in the context of neoliberalism. Country cases study: USA, South Korea, Argentina, Sweden

Taimagambet Daulet
• Crawford School of Public Policy, Australian National University, Australia, PhD (2014 – Present)
• Research Interests: International Economics, Econometrics, Research Methods

Kalkamanova Assem
• PhD candidate, Law and Political Science, University of Szeged, Hungary, 2018 – Present
• Research interests: Social movements and contentious politics in nondemocratic regimes

Seilkhanov Gaziz
• MSc in Economics, Boston University, USA
• Research paper: The Fed’s Reaction Function and the Test for Structural Changes in the Monetary Policy
• Current position: Deputy Chairman of the Board of the Economic Research Institute
Master’s Degree (120 ECTS):
In Economics and Mathematics – no prerequisites
In relevant areas – if there are completed prerequisites at previous levels of study (mathematics, linear algebra, statistics, econometrics, microeconomics, macroeconomics)*
In non-relevant areas – self-study of prerequisites
English language requirements:
• IELTS 6.0 or alternative qualifications Or confirmation of an English-taught program study at one of the previous levels of study
• Research proposal (please, contact a research supervisor prior to the submission of a research proposal)
*applicants beyond requirements are considered by the admissions committee on an individual basis