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Eötvös Loránd University, Department of Econonomics

Our program so far

BA and MA programs



Our BA program was accredited by the Hungarian Accreditation Committee in 2007. It was advertised to high school graduates, and an unexpectedly large number of high-GPA applicants (72) knocked on our door. Thus, the Department did not spend the years 2006/2008 by building and discussing course materials in vain: in September 2008 a team of twenty-two eager freshmen started to study introduction to economics, math, statistics, IT, business law and English (free of charge thanks to our sponsors). Several students, some of them beyond first year, applied to transfer from other economics programs in Hungary. We also teach six introductory courses to students who major in other subjects at ELTE. The BA program was complemented by a two-year MA program of economic analysis in 2013. Life is not all work: we have organized several successful invited lectures, delivered, among others, by the vice-president of the National Bank and the chairman of the State Budget Council.

Textbooks and course development

In order to have the right textbooks at hand, we have arranged for Jack Hirshleifer et al's "Price Theory and Applications", Gary Koop's "Analysis of Economic Data" and Stephen Williamson's "Macroeonomics" to be translated into and published in Hungarian. They have been launched by the prestigeous Budapest academic publishing house, Osiris. Just to give a bird's-eye view of the nature of our curriculum, let us list here the authors of some other textbooks we use: Paul Heyne at al, Peter Hammond and Knut Sydsaeter, Roger Backhouse, G.S. Maddala, etc.


Since the inception of the program, we have been aware of the chasm between the resources even an entrepreneurial dean of a Hungarian state university can allocate to a new program and our aspirations. So we have been busy fund raising for the translation of our textbooks, for EFL, and for scholarships. So far, we have been reasonably successful: Hungarian blue chips like MOL, FHB Bank, Hungarian Investment Bank, EXIMBANK, and even some state agencies such as the Competition Authority and the National Bank of Hungary have kindly pitched in.

Career paths

About 90 percent of our BA students continue to study at MA programs, half of them abroad at leading universities such as New York University, London School of Economics, Barcelona Graduate School of Economics, Universitat Autonoma de Barcelona, Universidad de Alicante, Universidad Carlos III, Vrije Universiteit Amsterdam, University of St. Gallen, Universitat Pompeu Fabra, Københavns Universitet or Glasgow Business School.