Department of Economics

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About Us

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!

 
 
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Most Recent News

For Applicants to MA Programmes

EUSP

 A Crash Course in Mathematics

(free of charge)

 

By: Sergei Vallander and Boris Livshits

When14, 17-19 August
from 10:00am to 3:30pm

Where: Room 213

 
 

 

The EUSP Department of Economics invites submissions from authors not directly affiliated with EUSP for publication in its working paper series.
     
 
 
 

9 June 2015 - Yulia Vymyatnina (BP Professor of Economics), and Dmitry Didukh (1st year student) gave a lecture "How Crypto Currencies Affect the Economy" at the IT bar KL10CH. The file with the presentation is available here (in Russian).

Department News

For the archived news from previous years please consult this page.

Changellenge

10 June 2015 - EUSP hosted a very interesting master-class (the links is in Russian) about career building in the financial industry. The event was organised by the Department of Economics in collboration with Changellenge, Moscow Exchange and VTB24 bank.

YuVymyatnina

9 June 2015 - Yulia Vymyatnina (BP Professor of Economics), and Dmitry Didukh (1st year student) gave a lecture "How Crypto Currencies Affect the Economy" at the IT bar KL10CH. The file with the presentation is available here (in Russian).

KIlinski

8 June 2013 - Kirill Ilinski (Fusion AM, London) gave his last topical seminar in the series on modelling in finance. The course had run since May 2012. The last lecture was called "Arbitrage - A Vicious Passion" and attracted huge interest: it was attended by many industry professionals from St.Petersburg and Moscow, who stayed in the city after two yearly conferences InvestFunds and the so-called "Anti-public Options Conference" (please see the previous news entry below). Kirill Ilinski should be back at EUSP in Autumn 2015 in order to give another seminar, bringing together all the threads touched upon in his modelling course over the last 3 years.

MBouev

4-6 June 2015 - Maxim Bouev, Head of the Department, took part in two important events notable in the Russian financial industry's life: Investfunds Forum VI - a conference for institutional investors, organised by CBonds (a financial info agency), and the XI International Conference «Theory and Practice of Derivatives Trading» (aka the "Anti-public Options Conference").

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4 June 2015 - LektoriumTV has added videos of the lectures by Laurence Kotlikoff (Boston University, USA), that he gave at EUSP on 21 May 2015. The videos are also available from the Video Archive.

Charnovoki

3 June 2015 - EUSP continues to collaborate with the New Economic School (NES) in Moscow: this week the Department of Economics hosted a seminar by Valery Charnavoki, NES professor, who spoke on Business Cycles and Monetary Policy in Countries Exporting Natural Resources.

YuIhkitidze

29 May 2015 - Yury Ichkitidze (SPbGEU, NRU HSE, St.Petersburg) took part in the research seminar series of the Department of Economics, by speaking on Evolutionary Processes in Stock Markets.

AObizhaeva

25 May 2015 - Anna Obizhaeva (NES, Moscow) gave presentation "The Ruble Crisis of the 15-16 December 2014: Causes and Lessons" in the research seminar series of the Department of Economics. In her talk Anna explained what lay behind the abrupt fall in the USDRUB exchange rate in December 2014. She discussed whether or not it was possible to prevent that currency crisis, what was its impact on the Russian financial sector as a whole, whether or not the actions of the CEntral Bank of Russia were adequate.

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22 May 2015 - A new working paper, entitled "Ramsey Equilibrium with Liberal Borrowing" by Robert A. Becker (Indiana University, USA), Kirill Borissov (EUSP), and Ram Sewak Dubey (Montclair State University, USA) has been published in the Working Paper Series of the Department of Economics.

LKotlikoff

21 May 2015 - The "EUSP Lectures in Economics 2015" have been delivered by Laurence J. Kotlikoff, William Fairfield Warren Professor at Boston University (USA), one of the leading experts in generational economics, fiscal policy, computational economics, economic growth, national saving, intra- and intergenerational inequality, sources of wealth accumulation, intergenerational altruism and intrafamily risk sharing, banking, and personal finance. Professor Kotlikoff is also known for having sought the presidential nomination of the non-partisan advocacy group Americans Elect in the USA in 2012. In the EUSP White Hall Professor Kotlikoff gave two lectures Russia's Fiscal Gap and Simulating Russia's Challenging Transition, where discussed the issue of the fiscal gap in application to economies of Russia and some other countries.

DAntonova

28 April 2015 - Daria Antonova, graduate of the Department (2012), has been cleared for the position of the lead economist in the Department of Collective Investment and Trust Management at the Central Bank of Russia. Congratulations!

VMeursault

28 April 2015 - Vitaly Meursault (2nd year MA student) spoke on A PhD Today, the Whole World Tomorrow: How to Enter a PhD Programme Abroad. This was a talk about Vitaly's successful experience of applying to PhD programmes at US universities. Earlier this year Vitaly had been accepted to a PhD programme in finance at Carnegie Mellon University (Pittsburgh, USA). Congratulations!

EUSP

21 April 2015 - Yuriy Balagula (lecturer) and Evgeny Fayvuzhinskiy (1st year student) represented the Department in the EUSP Debating Championship (the link is in Russian). The team successfully beat the opponents from other EUSP departments and won the 1st prize. Congratulations!

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13 April 2015 - Birgit Hansl (lead economist, World Bank, Moscow) has presented the latest World Bank Russia Report at EUSP. This was a regular visit of Dr Hansl who visits the University twice a year with updates on the Russian economy. The latest report is especially interesting as it provides the reader with analysis of the effect of economic sanctions imposed on the country in its political confrontation last year.

KIlinski

6 April 2015 - The Department of Economics hosted yet another seminar by Kirill Ilinski (CIO, Fusion AM, London) on financial modelling. The lecture "Correlation: The Dark Knight" was devoted to various aspects of asset pricing on such contracts as CDO tranches, basket derivatives, dispersion trades, to use of copula methods in finance, and the central role of correlation in risk management procedures.

Vedomosti giallo

6 April 2015 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Russia's Allies" (in Russian) was published in "Vedomosti", a leading Russian business daily.

EUSP

2 April 2015 - From 30 March to 1 April EUSP ran St.Petersburg Spring School in Risk Management, Insurance and Finance. It was the 4th edition of the School, which was attended by more than 50 students from Russia, its neighbouring countries, and Europe. This year the School focused exclusively on "Options and Guarantees in Life Insurance and Pension Products". Lectures were delivered by professors Ermanno Pitacco and Anna Rita Bacinello (both from the University of Trieste, Italy). The School was financially supported by the EUSP Department of Economics and JTI.

Vedomosti giallo

23 March 2015 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "How Should The Metropolis Treat Its Diaspora From Far Away" (in Russian) was published in "Vedomosti", a leading Russian business daily.

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21 March 2015 - Yulia Vymyatnina, BP Professor of Economics, gave an open lecture "Money: Myths and Realities" at the Cultural and Educational Centre "Arkhe" in Moscow.

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18 March 2015 - Igor Sloev (PhD, Carlos III, Madrid), a graduate of the Department of Economics, 1999, and now a professor at the HRU Higher School of Economics, Moscow) gave a talk on Attracting and Retaining Customers in a Competitive Industry. Professor Sloev currently has a part-time teaching contract with EUSP, giving a course in Game Theory to first year master's students. His presentation was part of the Departmental Research Seminar series.

SPechersky

1 March 2015 - A very sad news...Sergey Pechersky, EUSP professor of economics, died last Saturday, 28 February, after a long illness. Professor Pechersky was a prominent game-theorist, one of the founding fathers of the EUSP Department of Economics, who served as its head in 1999-2005, and its key person in driving the Department forward. He will be sorely missed.

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19 February 2015 – As we have already announced Yulia Vymyatnina, BP Professor of Economics, gave lecture "Money in All Variety" (in Russian) at the Festival of fascinating science, technology and culture in Pushchino. Now the video of this lecture is available online (you can find it here – in Russian).

WPExampleCEEES sm 9 February 2015A new article entitled "Markov Perfect Equilibria in Differential Games with Regime Switching Strategies" by Ngo Van Long (McGill University, Canada), Fabien Prieur, Klarizze Puzon, and Mabel Tidball (all from 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.
WPExampleCEEES sm 9 February 2015A new article entitled "Trade and the Environmental Kuznets Curve: A Panel Data Approach" by Olga Podkorytova and Yulia Raskina, lecturers with the Department of Economics, has come out in the working paper series of the Centre for Energy and Environmental Economics Studies, affiliated with the Department of Economics.
WPExampleCEEES sm 9 February 2015A new article entitled "Economic Growth and Property Rights on Natural Resources" by Kirill Borissov, Professor of the Department of Economics, and Mikhail Pakhnin, lecturer with the Department of Economics, has come out in the working paper series of the Centre for Energy and Environmental Economics Studies, affiliated with the Department of Economics.
WPExampleNew sm 9  February 2015 - A new working paper, entitled "A 5-sector DSGE Model of Russia" by Sergey Ivashchenko (St.Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences) has been published in Russian in the Working Paper Series of the Department of Economics.
Vedomosti giallo 9 February 2015 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "The Country Needs a Likbez in Economics" (in Russian) was published in "Vedomosti", a leading Russian business daily.
Vedomosti giallo 26 January 2015 - A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "An Anti-crisis Wisdom of a Сaliph — Thou Shall Not Impose a Tax Nightmare on Business" (in Russian) was published in "Vedomosti", a leading Russian business daily.
MAnufriev sh 14 January 2015 - Dr Mikhail Anufriev, a graduate of the Dpeartment of Economics and now Associate Professor at the University of Technology, Sydney, Australia, gave a lecture "Connecting the Dots: Econometric Methods for Uncovering Networks with an Application to the Australian Financial Institutions". The presentation was part of the research seminar series of the Department of Economics.
Vedomosti giallo 12 January 2015 A fortnightly piece by Maxim Bouev, head of the Department of Economics, entitled "Terrorism and Social Networks(in Russian) was published in "Vedomosti", a leading Russian business daily.
KBorissov 12 January 2015 - Article A Characterization of Ramsey Equilibrium in a Model with Limited Borrowing by Kirill Borissov, Professor of the Department of Economics, and Ram Sewak Dubey (Montclair State University, USA) has been published in the Journal of Mathematical Economics. Congratulations!

Contact Us

 

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)

 

CONTACT US:


Department of Economics
European University at St. Petersburg
3 Gagarinskaya Street
St. Petersburg, 191187
RUSSIA

Tel. +7 (812) 386 76 32
e-mail: econ@eu.spb.ru

Department Administrator: Elena Koltsova
Project coordinator: Lina Korotkova