Course Description
The Department of Economics is typically a part of a university or academic institution, focused on the study of production, distribution, and consumption of goods and services. It encompasses various fields such as microeconomics, macroeconomics, econometrics, and economic theory. These departments offer undergraduate, graduate, and sometimes doctoral programs, preparing students for careers in academia, government, business, and other sectors.
Departments of economics typically offer a range of courses covering various topics such as:
- Microeconomics: Examining individual economic agents such as consumers, firms, and markets, and analyzing their behavior and interactions.
- Macroeconomics: Studying the aggregate behavior of an economy, including topics like inflation, unemployment, economic growth, and fiscal and monetary policy.
- Econometrics: Applying statistical and mathematical techniques to analyze economic data and test economic theories.
- Economic theory: Exploring foundational concepts and models used to understand economic phenomena, such as supply and demand, utility theory, game theory, and general equilibrium theory.
- Applied economics: Investigating real-world economic issues and problems, such as environmental economics, labor economics, development economics, and international trade.
Course Structure
Learning takes place through a combination of face-to-face teaching and independent study, including lectures, practical tutorials, laboratory sessions, personal development sessions, real-life project briefs and case studies.
Students study 60 ECTS credits per year. The structure of the course is a subject to change by feedback received from a variety of sources.
| Year 1 | |
|---|---|
| Semester | Course |
| Semester 1 | Introduction to Economics |
| Academic & Communication Skills 1 | |
| Creative Thinking & Design | |
| Precalculus | |
| Principals of NewUU | |
| Semester 2 | Microeconomics 1 |
| Academic & Communication Skills 2 | |
| Information Systems & Digital Technologies | |
| Calculus 1 | |
| Introduction to Social Sciences | |
| Year 2 | |
|---|---|
| Semester | Course |
| Semester 3 | Microeconomics 2 |
| Calculus 2 | |
| History of Uzbekistan | |
| Introduction to Computer Science | |
| Free elective | |
| Semester 4 | Macroeconomics 1 |
| Linear Algebra | |
| Algorithms & Data Struсtures | |
| Free elective | |
| Free elective | |
| Year 3 | |
|---|---|
| Semester | Course |
| Semester 5 | Practical Statistics |
| International Trade | |
| Behavioral Economics | |
| Macroeconomics 2 | |
| Data Analysis & Design | |
| Semester 6 | Econometrics |
| Game Theory | |
| Money and Banking | |
| Machine Learning for Economists | |
| Data Analysis & Design | |
| Year 4 | |
|---|---|
| Semester | Course |
| Semester 7 | Mathematical methods for Economic analysis |
| Research Methods in Economics | |
| Environmental Economy | |
| International Trade | |
| Time Series Analysis | |
| Semester 8 | Research project (Capstone) |
| Development Economics | |
| Behavioral Economics | |
| Fundamentals of Databases | |
| Economic Policy | |
Entry requirements
1. High school/Lyceum/College diploma or higher
2. Proof of English Language Proficiency:
| 1. International Baccalaureate Diploma |
| Grade 4 in English A at Higher or Standard Level in the International Baccalaureate Diploma |
| Grade 4 in English B at Higher Level in the International Baccalaureate Diploma |
| Grade 5 in English B at Standard Level in the International Baccalaureate Diploma |
| 2. Pearson Edexcel International GCSE English Language |
| Grade 4 in Pearson Edexcel International GCSE English Language A (External assessment from 2018) |
| Grade 4 in Pearson Edexcel International GCSE English Language B (External assessment from 2018) |
| Grade 4 in Pearson Edexcel International GCSE English Literature (External assessment from 2019) |
| 3. GCSE English Language |
| Grade D in GCSE English Language or GCSE English Literature |
| 4. GCE O-Level English Language |
| Grade D in GCE O-Level English Language |
| 5. GCE A-Level/AS-Level in English Language |
| Grade D in GCE A-Level/AS-Level in English Language or English Language & Literature |
| 6. IGCSE English as a First Language |
| Grade D in the IGCSE English as a First Language. Speaking must be separately endorsed on the certificate |
| 7. IGCSE English as a Second Language |
| Grade D in the IGCSE English as a Second Language. Speaking must be separately endorsed on the certificate |
| 8. Pearson test of English (PTE) - Academic |
| Grade 59 |
| 9. Cambridge C1 Advanced (formerly Cambridge English: Advanced/CAE) |
| Grade 162 |
| 10. Cambridge C2 Proficiency (formerly Cambridge English: Proficiency/CPE) |
| Grade 162 |
| 11. Cambridge B2 First (formerly Cambridge English: First/FCE) |
| Grade 162 |
Note: If your certificate for the English proficiency test is not available yet, please upload it via your personal cabinet by August 26th.
Entrance Exam
- - Math & Logical Thinking
- - Exemptions from the Math & Logical Thinking are given for students who have one of the following equivalents:
International certificate |
Insert/Select your Mark/Grade |
New Uzbekistan University Entrance Exam Score (in percentage) |
|---|---|---|
SAT (Math section) |
90
|
|
International Baccalaureate (IB) (Mathematics) |
70
|
|
International AS & A Levels (Mathematics) |
90
|
Please use the online equivalency calculator above to see the equivalency of your score to Math & Logical Thinking exam scores.
Graduation Requirements
Students will be allowed to graduate upon completion of all requirements listed below:
- - Students must have a minimum 2.00 GPA/CGPA at the end of their final semester;
- - Student must have a minimum of 240 ECTS or as designated in Handbook;
- - Students must successfully complete all University and Program requirements;
- - Students cannot have any outstanding Incompletes or IP grades on their transcripts;
- - Student must complete all degree requirements within 7 (seven) years including any leave periods, of the initial program registration date.
Fees and funding:
| Tuition Fee: | 42,000,000 UZS per year |
There are five types of funding:
1. Merit based scholarship - merit based scholarships are given on a competition basis for local students who get high scores in the entrance examination. This scholarship is given for owing to each academic program for 1 year ONLY (for 1st year) according to the following scheme.
| Merit Scholarship | Percentage |
| Top 10% of the announced quota | 100% scholarship |
| The following 10% of the announced quota | 70% scholarship |
| The following 15% of the announced quota | 50% scholarship |
2. Academic scholarship - every year (for 2nd, 3rd, 4th years), academic scholarships are given on a competition basis for local students who get high scores from all taught courses in ONE academic year in each program.
Based on the scores from all taught courses in ONE academic year, the percentage of scholarship for a student is a subject to change every year (for 2nd, 3rd, 4th years). It means that every year (for 2nd, 3rd, 4th years), the percentage of academic scholarship for a student may increase or decrease or cancelled based on student’s academic performance.If academic scholarship is cancelled due to student’s low academic performance, the student will automatically be placed in the list of students studying based on a tuition fee.
In addition, even contract basis students have an opportunity to get academic scholarship if they show high academic performance from all taught courses in ONE academic year
Students who are admitted on contract basis (in the 1st year) have a chance to be placed in the list of academic scholarship students if they show high academic performance during the following years.
Therefore, all scholarship and contract basis students must study hard and compete with each other to get academic scholarship. This scholarship is given according to the following scheme.
| Academic Scholarship | Percentage |
| Top 10% of academic performing students | 100% scholarship |
| The following 10% of academic performing students | 70% scholarship |
| The following 15% of academic performing students | 50% scholarship |
3. Need-based scholarship - The full tuition fee (100%) for all 4 academic years are covered for the applicants (if they successfully pass university entrance exam) who have been registered as low-income families in the information system of the Unified Register of Social Protection. (Ijtimoiy himoya yagona reestri)
4. Presidential schools’ graduates scholarship - The full tuition fee (100%) for all 4 academic years are covered for the applicants who are Presidential schools’ graduates.
5. Scholarship for Specialized and Art Schools under the Agency for Presidential educational institutions of the Republic of Uzbekistan - The full tuition fee (100%) for all 4 academic years are covered for the applicants (if they successfully pass university entrance exam) who are students of Specialized and Art Schools under the Agency for Presidential educational institutions of the Republic of Uzbekistan. This scholarship is given to ONLY 5% of total students based on each academic program quota who get the highest marks and ONLY to the graduates of Specialized and Art Schools under the Agency for Presidential educational institutions of the Republic of Uzbekistan.
6. International Olympiad winners’ scholarship - The full tuition fee (100%) for all 4 academic years are covered for the applicants who are winners of one of the following international Olympiads. (if they successfully pass university entrance exam)
- International Mathematical Olympiad (IMO)
- International Physics Olympiad (IPhO)
- International Chemistry Olympiads (IChO)
- International Informatics Olympiad (IOI)
Career / Job opportunities
Economics and Data science is a dynamic and continually evolving field. The vast knowledge and many skills related to economics and data science mean that professionals in this field have a variety of job options and can work in a range of industries, such as economics, finance, accounting, health care, technology, marketing or others. Professionals can have an array of choices when it comes to finding a job that fits their interests and abilities. You might start out as:
Economist - An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy.
Financial analyst - A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, or ratings analyst.
Statistician - A statistician is a person who works with theoretical or applied statistics. The profession exists in both the private and public sectors. It is common to combine statistical knowledge with expertise in other subjects, and statisticians may work as employees or as statistical consultants
Actuary - An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills.
Data scientist - A data scientist determines the most effective ways of collecting or evaluating data sets. Data scientists use analytical abilities to assess data and discover insights that can help businesses make strategic improvements. An economics and data science degree can help data scientists evaluate the causal relationships between data points or sets in different ways.
Data engineer - Data engineers build the infrastructure, software tools and applications that gather and analyze sets of data. Their responsibilities include transforming unstructured data into useable formats, finding patterns within data sets and setting batch processing systems in motion. With an economics background, data engineers may have unique insights into data trends and structures.
