Department of Economics

Department of Economics

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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 were 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.

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!

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 and Australia.

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 take pride in being one of a few pioneers in that respect!

According to the data of the Russian Ministry for Education and Science, EUSP ranks 4th among Russian universities by average income of its graduates (2015). The Vladimir Potanin Foundation places EUSP 8th in its annual rankings (2015) of Russian universities by concentration of talented students supported by the Foundation. In 2014 two students of the Department of Economics were awarded the prestigious scholarship by the Foundation.

Besides, according to research done by The University Times, an Internet portal, in 2012 the Department of Economics was among the top two leading institutions of higher economics education in the city of St. Petersburg. We have also consistently made it to the top 10 of best Russian centres in economic research according to RePEc.

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!


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
Phone/Fax: +7 (812) 386 76 32
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Department Administrator: This email address is being protected from spambots. You need JavaScript enabled to view it.
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