About the programme
Admission and application
To apply for admission to this master's degree programme, you must have completed, or expect to complete, a qualifying bachelor’s degree or a similar Danish or international degree programme which is assessed to be relevant. Apply for admission via the application portal.
Below, you can read more about admission requirements and which documents to upload in the application portal.
Academic admission requirements
Here you'll find the different academic requirements depending on which qualifying degree you hold.
With a Bachelor's degree in
- Mathematics-Economics (matematik-økonomi) from University of Copenhagen
you are granted legal right of admission and guaranteed a place on the Master’s programme in Mathematics-Economics if you apply in time to begin within 3 years of the completion of your Bachelor’s degree.
You meet all academic requirements if you hold one of the degrees listed below. Learn about when and how to apply. Note, however, that you still need to document that you meet the programme's language requirements.
- Mathematics-Economics (matematik-økonomi) from University of Copenhagen (note, that if you apply in time to begin within 3 years of the completion of your Bachelor’s degree, you have legal right of admission to the Master's programme)
If you have a Bachelor’s degree other than those listed above, you must submit additional documentation along with your application so we can evaluate whether or not you meet the admission requirements. Learn about when and how to apply.
If you have a Bachelor’s degree, Professional Bachelor's degree or equivalent from Danish or international universities you are qualified for admission if your programme includes the following:
- Subject elements in mathematical analysis - at least 22.5 ECTS credits
- Subject elements in linear algebra - at least 7.5 ECTS credits
- Subject elements in microeconomics - at least 15 ECTS credits
- Subject elements in macroeconomics - at least 15 ECTS credits
- Subject elements in mathematical finance (equivalent in content to the course Finance 1/Finansiering 1 – course description is in Danish) - at least 7.5 ECTS credits
- Subject elements in statistics on a measure theoretical basis - at least 15 ECTS credits
- Subject elements in advanced probability - at least 7.5 ECTS credits
If you have a Bachelor’s degree in Actuarial Mathematics or Mathematics from University of Copenhagen you are qualified for admission if your programme includes the following:
- Subject elements in microeconomics - at least 15 ECTS credits
- Subject elements in macroeconomics - at least 15 ECTS credits
- Subject elements in finance - at least 7.5 ECTS credits
- Subject elements in statistics on a measure theoretical basis - at least 15 ECTS credits
- Subject elements in advanced probability - at least 7.5 ECTS credits
We may also admit applicants who, after an individual academic assessment, are deemed to possess educational qualifications equivalent to those required above.
Qualifying degree and other courses/projects
When we assess whether you meet the admission requirements for the Master's degree program, Danish legislation only allows us to assess your Bachelor's degree. Consequently, you cannot study supplementary courses between Bachelor's and Master's degree programs in order to meet the admission requirements.
If you have passed courses/projects before you complete the qualifying Bachelor's degree, these can be included in the assessment, even though they are not part of the Bachelor's degree program.
- It applies to courses/projects you have taken as single subjects and courses/projects you have taken as part of another study program.
- A maximum of 30 ECTS credits of these courses/projects may be included.
International Bachelor’s degree
You can only get an answer to whether or not your degree meets the admission requirement by applying for admission to the MSc Programme. Only the admission committee can evaluate whether you are qualified or not and they only do this once they have received your application.
Bachelor’s degree from Denmark
You are entitled to 1 pre-assessment for 1 study programme, where, based on an assessment of the documentation you have submitted, we will inform you whether you meet the admission requirements.
This is a service offered by SCIENCE, but it is not a service you have to make use of in order for you to apply for admission.
Language requirements
Unless you have a legal right of admission to the programme you are applying for, you are required to document proficiency in English.
Application deadlines
Study start in September
1 March at 23:59
Application deadline for Danish applicants and applicants from within the EU, EEA and Switzerland.
Open for applications from 16 January. You will receive a reply by 10 June.
15 January at 23:59
Application deadline for applicants from outside the EU, EEA and Switzerland.
Open for applications from 15 November. You will receive a reply by 1 May.
Study start in February (legal right of admission only)
15 October at 23:59
Application deadline for Danish applicants and applicants from within the EU, EEA and Switzerland.
Open for applications from 15 August. You will receive a reply by 10 December.
1 September at 23:59
Application deadline for applicants from outside the EU, EEA and Switzerland.
Open for applications from 1 July. You will receive a reply by 1 December.
How to apply
Choose the category below that fits you and read more about how to apply for admission. You will also find information about application deadlines and documentation on the websites.
Citizen in Denmark, EU EEA og Switzerland
Bachelor with legal right of admission
Bachelor’s degree from Denmark
International bachelor’s degree
Citizen in a country outside EU, EEA or Switzerland
Bachelor’s degree from Denmark
International bachelor’s degree
Prioritisation of applicants
If the number of qualified applicants to the programme exceeds the number of places available, applicants will be prioritised according to the following criteria:
- Total number of ECTS credits within mathematics, statistics and economics
Limitation on second degrees
If you have already completed a Master's degree, please check out the rules concerning a second degree.
Admission statistics Mathematics-Economics 2023 | |
---|---|
Admitted | 40 |
Admission distribution (legal right/other) | 83% / 17% |
Applicants | 57 |
Age average | 24 |
Legal gender distribution (cpr. - m/f) | 68% / 32% |
Nationality (dk/international) | 95% / 5% |
Available spots | No |
Programme structure
The first year of the programme consists of two compulsory courses which provides you with basic knowledge of advanced econometrics and macro-economics.
The rest of the programme is very free, and can, to a great extent, be composed according to your own wishes, with an emphasis on finance, econometrics, operations research, or theoretical economics. Regardless of which direction you choose, the mathematical foundation will play a major role.
Do a Project in Practice or Study Abroad
You can use some of your elective courses to do a Project in Practice in collaboration with a company or an organisation. You can also choose to study abroad as part of your programme. Read more here:
Master's Thesis
The programme concludes with a thesis, where you work in depth with an academic problem. Often, the thesis takes its point of departure in practice, and in some cases you can carry out the work in collaboration with a company.
Below you can see some examples of possible thesis topics:
- Optimum mortgage-credit portfolio planning
- Pricing and risk managing interest rate derivatives
- Rough volatility and option pricing
- Optimal production in energy systems
- Optimum route plans in large networks
Programme Overview
The programme can be structured in two ways, depending on whether you start your studies in September or February:
Course table, Study Start in September
Compulsory courses: 15 ECTS
Restricted elective courses: 45 ECTS
Elective courses: 30 ECTS
Thesis: 30 ECTS
One block each year equals nine weeks of study and 15 ECTS. The table is primarily for guidance and may be subject to revision.
Year 1
Block 1 | Block 2 | Block 3 | Block 4 |
---|---|---|---|
Financial Econometric Time Series Analysis | Macroeconomics 3: Business Cycles and Monetary Policy | Restricted elective course | Restricted elective course |
Restricted elective course | Restricted elective course | Restricted elective course | Restricted elective course |
Year 2
Block 1 | Block 2 | Block 3 | Block 4 |
---|---|---|---|
Elective course | Elective course | Thesis | |
Elective course | Elective course |
Course table, Study Start in February
Study start in February is only for students with legal right of admission to the programme. Read about legal right of admission here >>
Compulsory courses: 15 ECTS
Restricted elective courses: 45 ECTS
Elective courses: 30 ECTS
Thesis: 30 ECTS
One block each year equals nine weeks of study and 15 ECTS. The table is primarily for guidance and may be subject to revision.
Year 1
Block 3 | Block 4 | Block 1 | Block 2 |
---|---|---|---|
Restricted elective course | Restricted elective course | Financial Econometric Time Series Analysis | Macroeconomics 3: Business Cycles and Monetary Policy |
Restricted elective course | Restricted elective course | Restricted elective course | Restricted elective course |
Year 2
Block 3 | Block 4 | Block 1 | Block 2 |
---|---|---|---|
Elective course | Elective course | Thesis | |
Elective course | Elective course |
Restricted Elective Courses
Choose your restricted elective courses from the list below. Click on each course for a detailed description.
- Mathematical Finance
- Brownian Motion
- Stochastic Processes in Continuous Time
- Topics in Statistics
- Computational Statistics
- Regression
- Machine Learning A
- Reserving in Non-Life Insurance
- Consumption-Investment Problems*
- Term Structure Models
- Applied Probability
- Operations Research 2: Advanced Operations Research
- Survival Analysis
- Introduction to Extreme Value Theory
- Risk Optimization
- Point Processes
- Statistics A (StatA)
- Monte Carlo Methods in Insurance and Finance
- Optimal Stopping with Applications*
- Inference for Stochastic Differential Equations*
- Microeconomic and Econometric Production Analysis
- Economic Efficiency and Benchmarking
- Natural Resource Economics
- Convex Optimization, Complementarity and Equilibrium Modelling*
- Topics in Probability
- Market Design
- Applied Trade and Climate Policy Models
- Applied Operations Research
- Continuous Time Finance 2
- Numerical Optimisation
- Statistics B
- Semiparametric Inference*
- Models for Complex Systems
- Online and Reinforcement Learning
- Interpretable Machine Learning
- Economic Valuation Methods and Cost-Benefit Analysis
- Targeted Learning
- Quantitative Risk Management
- Advanced Operations Research: Stochastic Programming
- Project in Statistics
- Applied Programming
- Deep Learning
- Causality
- Machine Learning B
- Impact Evaluation
- Applied Economics of Consumption
- Financial Econometrics A
- Health Economics
- Finansiel Rapportering og Regnskabsanalyse (course language: Danish)
- Advanced Economics of the Environment and Climate Change
- Mechanism Design
- Advanced Microeconometrics
- Fixed Income Derivatives: Risk Management and Financial Institutions
- Anvendt økonomisk modellering (course language: Danish)
- Advanced Macroeconomics: Heterogeneous Agent Models
- Advanced Financial and Macro Econometrics
- Advanced Game Theory
- Economics of Exchanges Rates
- Advanced Development Economics – Micro Aspects
- International Economics
- Pricing Financial Assets
- Regnskabsanalyse og aktievurdering (course language: Danish)
- Economics of the Environment and Climate Change
- Behavioral Finance
- Applied Econometric Policy Evaluation
- Advanced Empirical Finance: Topics and Data Science
- Financial Markets Microstructure*
- Dynamic Programming – Theory, Computation, and Empirical Applications
- Det finansielle system
* The course is not offered in the academic year 2025/26.
Curriculum
Learn more about the programme in the:
Curriculum for MSc in Mathematics-EconomicsShared section of the curriculum
Please note: The programme curriculum is for the current academic year. A revised curriculum for the coming academic year will follow.
Video: Ge and Patrik talk about the study programme in Mathematics-Economics
Career opportunities
The MSc programme in Mathematics-Economics gives you the prerequisites to understand economic models, their mathematical foundations, and their application in the financial and political world as well as in the public sector.
Compared to other economics studies, a good deal of emphasis in this programme is placed on mathematics and statistical theory and less emphasis on, say, sociology and economic history. To a large extent you can compose the programme very freely. However, the first year of the programme consists partly of mandatory courses which will provide you with basic knowledge within the fields of advanced econometrics, macro-economics, micro-economics, and finance.
Competence Description
As a graduate from the Mathematics-Economics programme you will have the competences required to:
- Structure an inquiry into open economic issues, especially of an econometric and financial nature.
- Further develop and adapt economic and statistical models for specific challenges.
- Conduct independent, stringent argumentation.
Employment
The job opportunities are very good for MSc graduates in mathematics-economics. For example, many mathematical economists work in Denmark and abroad in the financial sector with advanced model development for banks and insurance companies.
You may also find work at national banks and public institutions, or as a researcher at universities. The close collaboration and relationship with economics is also reflected in the fact that many economic advisers and experts are mathematical economists.
Student life
High quality education in English, a flexible study structure, excellent facilities, an international study environment, attractive and green campus areas, and the opportunity to experience life in Copenhagen, the cool capital of Denmark. These are some of the qualities about studying at Faculty of Science (SCIENCE) at University of Copenhagen that you can expect.
Throughout the year, various social activities are arranged for all SCIENCE students and for international students specifically. These activities include:
- Introduction Days for new students
- A welcome programme for international students
- International dinners, courses, and lectures
- Sports activities such as fun runs or bicycle races
- Career workshops
Students live in residence halls outside campus or share a flat in the Copenhagen area. You will find that the relatively small size of Copenhagen makes it easy to get around, even by bike.
Where Will I be Studying?
The Mathematics-Economics programme is primarily based at North Campus.
The University’s North Campus is centrally located. It is home to scientific, pharmaceutical and health science research, and neighbour to the Copenhagen University Hospital (Rigshospitalet), Metropolitan University College, and Fælledparken.
Many exciting building activities are going on at the campus areas at the moment, including the construction of a new Natural History Museum and the Niels Bohr Building. Furthermore, North Campus is part of a coherent district of science, health and interdisciplinarity – Innovation District Copenhagen – which is being developed these years.
You can read more about campus life at the university here:
Here you will find some useful links and videos about student life and housing in Copenhagen, and the welcome programme for international students at Faculty of Science.
- Information about living in Copenhagen – plus practical information on housing, civil registration number, residence permit and more
- General information on student life and studying at University of Copenhagen
- Housing Foundation Copenhagen is an independent entity which assists international students and researchers at University of Copenhagen in finding accommodation. Visit Housing Foundation Copenhagen here
Video: Study Science at University of Copenhagen
Meet Elizabeth and Alex who study at the University of Copenhagen in Denmark. See what it is like to live and study in Denmark.
Video: SCIENCE Welcome Programme
The SCIENCE Welcome Programme is a great way for international students to be introduced to the Faculty of Science at the University of Copenhagen.
Testimonial
Read interviews with students and graduates from the Master of Science programme (MSc) in Mathematics-Economics:
“It’s a great degree programme. It’s very mathematically intense, so we end up with some really good skills. We have special expertise,” says Lea Nøhr Hjelmager Hansen, who holds a BSc in Mathematics-Economics and decided to do a master’s degree in the same discipline.
Why did you choose to do Mathematics-Economics?
During my last year of upper secondary school, I realised that mathematics was probably the right path for me. But I also considered studying French. I had a gap year, working at a restaurant and in a supermarket for the first six months. Then I went to a language school in Lyon for two months and then to Paris for a few months.
Gap years are frowned upon these days. Would you recommend this to others?
I needed it – I had to learn to be more open and to stand on my own two feet. But I could feel that it had been a year since I had last worked with mathematics when I started my studies. I took me a couple of months to get back into the study mindset. If you have strong social skills, you might not need a gap year.
What do you think of the programme?
It’s a great programme. It’s very mathematically intense, so we end up with some really good skills. We have special expertise. There are other degree programmes that combine economics and mathematics – but the Mathematics-Economics programme is a good combination: We cover some of the social science aspects from the MSc in Economics programme, plus the more intensive mathematical understanding.
All economic policy is based on mathematics. Financial risks are also determined using mathematics. It’s great to be able to explain what you see and hear! When listening to right-wing politicians, you know immediately that they have used such-and-such a financial model, while it is obvious that the left-wingers have relied on a different one.
What was the transition from bachelor’s to master’s programme like?
Things definitely became much more advanced. The BSc programme focuses on more basic knowledge. The compulsory subjects are more advanced on the MSc programme – the level of complexity is higher.
But you also get a lot more choice. The MSc programme consists of only four compulsory courses, and eight electives. This has allowed me to do courses at CBS and on the MSc in Economics programme.
Doing electives at CBS was great. They have a strong focus on the practical application of the mathematical theories, whereas the level of abstraction is higher on the Mathematics-Economics programme.
The MSc programme is more time-consuming, but also more interesting. I can now see why I had to learn what I did on the BSc programme. You can suddenly see the relevance and practical applicability of things that seemed totally abstract on the BSc programme. Suddenly, everything makes perfect sense. And the compulsory courses from the BSc programme are combined in such a way that they become really useful.
What is the job situation?
It’s good. Most graduates get a job quickly. There are not very many of us, and we have special expertise. Only 20-25 people graduate each year.
Graduates from the Mathematics-Economics programme can go on to work in the public sector or the private sector. I personally would like to work in the financial sector. Preferably in a bank, a pension company or an investment fund.
We usually land jobs working with advanced mathematics and developing and programming models for use in the company.
Do you have any tips for people thinking about studying Mathematics-Economics?
Many don’t realise how mathematical the programme is. There’s a very high level of abstraction. Most of the students who drop out during the BSc programme are surprised by this.
About half drop out before they get to the MSc programme. Because the mathematics IS advanced. In upper secondary school you do numeric calculations, but we don’t do much of that here. We do calculations involving Greek characters and learn a lot of mathematical theory. We do a lot of probability calculations and statistics and solve lots of integrals and differential equations.
When you have to decide on a bachelor’s programme, it’s a good idea to become a student for a day, so you can get a sense of whether a programme is right for you. You will be paired up with a bachelor student and attend a lecture, among other things.
Lectures are open to the public, so if you are curious, you can just turn up.
On my first course in University of Copenhagen I was the only international student who wasn't able to speak Danish. But when the teacher and the rest of the class realized this, they did all the lectures and discussions on English. That's one major reason why I decided to do Mathematics-Economics at the University of Copenhagen.
I had also been to Norway, Sweden and Denmark before. And I had no doubts: in Denmark I felt most comfortable, and I knew that University of Copenhagen provides high-quality research and teaching. Now I can say that the teaching is brilliant and every semester you can choose loads of different courses and functional lectures. And the students and staff cooperate very closely. You can always get in touch with them if you need to, in connection with your course material or to understand more deeply the subject you are interesting in.
I really benefit from the Masters course in Copenhagen. I have to say that my expectations have all pretty much been fulfilled. I am just so happy I chose Copenhagen! Another big advantage of the University of Copenhagen is the library. It is open almost round the clock. There is a student "life" there, students are not only preparing for exams in silence but enjoy each other's company in nice atmosphere. You can download articles and other materials free of charge, and if you need to reserve books they come quickly, so you don't fall behind in class.
When I arrived, I was welcomed by Danish mentors who gave me good advice about studying at Copenhagen and about the city life. It's a lovely green place with so many cyclists and beautiful surroundings! There are even quiet green spots in the very centre of town like University Park where we chill between lectures.
I have never felt lonely in Denmark. On the contrary, sometimes I work at the Student Bar and that's helped me to get to know loads of people. And there are quite a few Lithuanians studying here. We get together and hang out. Meeting the Danes has been a very positive experience. Just after I got here Danish family took me to the horse racing, and guess who was sitting two seats next to me? The Queen of Denmark! That felt really fortunate!
Another special experience of a less royal kind was my first lectures at the university. Danish eating habits!!! Right in the middle of the lecture somebody pulled out some carrots and ate them! It wasn't at all like at home, where we put carrots in other dishes. We don't eat them as separate foods. But all in all, I love to be one of international student here. I am so happy I chose Copenhagen!
Contact student guidance
Contact SCIENCE Student Service
Do you have questions about the programme structure, study or career opportunities, admission requirements or application procedure, please feel free to contact SCIENCE Student Services.
Contact SCIENCE Student ServicesLocation
- Faculty of Science, North Campus, Universitetsparken 5, DK-2100 København Ø.