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The Master’s Program in World Economy is designed to provide advanced
academic knowledge and practical skills in global economic systems, international
economic relations, and foreign economic policy. The program is developed in
accordance with the State Educational Standards of the Republic of Azerbaijan
and meets international requirements for graduate-level education.
The program aims to prepare highly qualified specialists capable of
conducting independent research, performing analytical and managerial
functions, and contributing effectively to academia, public institutions, and
the private sector in the field of international economics.
Program
Structure and Duration
- Degree awarded: Master of
Science (MS)
- Duration: 2 years
(full-time)
- Total credits: 120 ECTS
Areas of
Specialization
Students may
specialize in one of the following areas:
- International
Economic Relations
- International
Trade
- Customs
Affairs
- Foreign
Economic Activity
- Foreign
Economic Policy
- Azerbaijan’s
Foreign Economic Relations
- International
Finance and Currency-Credit Relations
Learning
Outcomes
Upon
successful completion of the program, graduates will be able to:
- Analyze
global economic processes, international markets, and economic integration
trends
- Apply
modern economic theories, quantitative methods, and econometric models to
international economic research
- Design and
implement research projects related to the world economy and foreign economic
activity
- Evaluate
and formulate foreign economic and trade policies at national and international
levels
- Use modern
information technologies and analytical tools in economic decision-making
- Communicate
professionally in Azerbaijani and at least one foreign language
- Teach
courses related to world economy and international economic relations in higher
education institutions
Professional
Competencies
Graduates
acquire competencies in:
- Research and analysis of international economic relations and global markets
- Project and economic planning, including evaluation of financial efficiency
- Organizational and managerial activities in public and private institutions
- Policy analysis and strategic decision-making in foreign economic affairs
- Academic and pedagogical activities, including curriculum and teaching material
development
Career
Opportunities
Graduates of
the program can pursue careers in:
- Government
institutions and ministries responsible for economic and trade policy
- International
organizations and financial institutions
- Research
centers and think tanks
- Universities
and higher education institutions
- Banks,
multinational companies, and consulting firms
- Customs
and foreign trade organizations
Final
Assessment
The program
concludes with the preparation and public defense of a master’s thesis,
demonstrating the student’s ability to conduct independent scientific research
and apply theoretical knowledge to practical economic problems.
Programme overview
Main Subject
Economics and Econometrics
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Program
Description
Master’s Degree in World Economy (060401)
The Master’s Program in World Economy is designed to provide advanced
academic knowledge and practical skills in global economic systems, international
economic relations, and foreign economic policy. The program is developed in
accordance with the State Educational Standards of the Republic of Azerbaijan
and meets international requirements for graduate-level education.
The program aims to prepare highly qualified specialists capable of
conducting independent research, performing analytical and managerial
functions, and contributing effectively to academia, public institutions, and
the private sector in the field of international economics.
Program
Structure and Duration
- Degree awarded: Master of
Science (MS)
- Duration: 2 years
(full-time)
- Total credits: 120 ECTS
Areas of
Specialization
Students may
specialize in one of the following areas:
- International
Economic Relations
- International
Trade
- Customs
Affairs
- Foreign
Economic Activity
- Foreign
Economic Policy
- Azerbaijan’s
Foreign Economic Relations
- International
Finance and Currency-Credit Relations
Learning
Outcomes
Upon
successful completion of the program, graduates will be able to:
- Analyze
global economic processes, international markets, and economic integration
trends
- Apply
modern economic theories, quantitative methods, and econometric models to
international economic research
- Design and
implement research projects related to the world economy and foreign economic
activity
- Evaluate
and formulate foreign economic and trade policies at national and international
levels
- Use modern
information technologies and analytical tools in economic decision-making
- Communicate
professionally in Azerbaijani and at least one foreign language
- Teach
courses related to world economy and international economic relations in higher
education institutions
Professional
Competencies
Graduates
acquire competencies in:
- Research and analysis of international economic relations and global markets
- Project and economic planning, including evaluation of financial efficiency
- Organizational and managerial activities in public and private institutions
- Policy analysis and strategic decision-making in foreign economic affairs
- Academic and pedagogical activities, including curriculum and teaching material
development
Career
Opportunities
Graduates of
the program can pursue careers in:
- Government
institutions and ministries responsible for economic and trade policy
- International
organizations and financial institutions
- Research
centers and think tanks
- Universities
and higher education institutions
- Banks,
multinational companies, and consulting firms
- Customs
and foreign trade organizations
Final
Assessment
The program
concludes with the preparation and public defense of a master’s thesis,
demonstrating the student’s ability to conduct independent scientific research
and apply theoretical knowledge to practical economic problems.
Admission Requirements
70+
6+
NSU is a leading higher education institution that offers modern knowledge, international-level education, and development opportunities for students. The admission process is organized in accordance with the legislation of the Republic of Azerbaijan and is open to both local and international students.
General Admission Requirements
Educational Qualifications:
Undergraduate Programs: Applicants must hold a high school diploma.
Graduate Programs: A relevant bachelor’s degree is required.
Doctoral Programs: A master’s degree is required for admission.
Language Proficiency:
If the program is taught in Azerbaijani, applicants must demonstrate proficiency in the language.
For international students, preparatory language courses are available.
Applicants must present an IELTS score of at least 5.5 or a TOEFL score of at least 65. If these certificates are not available, the university conducts an internal language proficiency test.
Required Documents
Applicants are required to submit the following documents:
Completed application form.
Academic transcripts and diplomas (notarized copies).
A valid passport or ID card (notarized copy).
Health certificate.
Six (6) passport-sized photos (3x4 cm).
Admission Process
Submission of Documents: Applicants must submit all required documents within the specified timeframe.
Language or Academic Assessment: The university’s specialists evaluate language proficiency, and in some cases, applicants may need to pass an interview or an entrance exam.
Results Announcement: Admission results are officially announced on the university's website.
Tuition Fees
Tuition fees vary depending on the program level and field of study. Specific tuition fee structures for international students are available on the university’s official website.
Accommodation and Scholarships
Accommodation: Dormitory facilities are provided for international students.
Scholarship Opportunities: Students with outstanding academic achievements can apply for various scholarship programs.
Additional Information
NSU is internationally recognized and collaborates with universities and institutions worldwide.
Students are offered numerous opportunities for academic, scientific, and social development.
Why Choose Nakhchivan State University?
High-Quality Education: NSU offers a modern curriculum taught by experienced faculty.
Global Recognition: Degrees awarded by NSU are recognized internationally.
State-of-the-Art Facilities: Students have access to modern labs, libraries, and research centers.
International Opportunities: Exchange programs and partnerships with global institutions enhance the learning experience.
For more details, visit the official website of Nakhchivan State University: https://ndu.edu.az/secimtelebe
31 Aug 2026
2 Years
Sep
Candidates are required to submit references or letter(s) of recommendation for acceptance
Tuition fees
Domestic
0 USD
Domestic (Out of State)
0 USD
International
1,500 USD
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
Admission Requirements
1. Educational Background
- A bachelor’s degree in economics, world economy, international relations, finance, business administration, or a related field.
2. Academic Performance
- A strong academic record in core economic subjects such as microeconomics, macroeconomics, international economics, economic theory, statistics, econometrics, or related disciplines.
3. Language Proficiency
- Proof of proficiency in the program’s language of instruction (English or Azerbaijani).
- Acceptable tests may include IELTS or TOEFL, or the university’s internal language proficiency examination.
4. Supporting Documents
- Official academic transcripts and bachelor’s diploma.
- Passport or national ID.
- CV or résumé (if requested).
- Statement of purpose or personal statement.
- Letters of recommendation (typically 1–3).
5. Additional Evaluation
- Some higher education institutions may require an entrance examination and/or an interview, in accordance with national admission regulations.
Graduates of the Economics/World Economy program can pursue careers in:
- Government institutions and public agencies
- International organizations and financial institutions
- Banks, consulting firms, and multinational companies
- Research centers and think tanks
- Universities and academic institutions
- International trade and export-import businesses
The program also provides a strong foundation for doctoral studies and academic careers.
The main services are as follows:
1. Orientation Sessions: NSU offers orientation activities to the students to facilitate their understanding of university life and their adaptation to the local culture.
2. Language Assistance: The courses of English and the internal assessments in the language are there for the students to improve their language proficiency.
3. Academic Advising: Individualized counsel from professors and advisors guarantees that the students remain on the right path with their education.
4. Housing Guidance: The university assists students in finding proper housing that is suitable for them, whether on or off-campus.
5. Social and Cultural Events: NSU holds a variety of events and activities to help students make connections and feel like they belong.
6. Health Services: The provision of access to medical services takes care of the students' health and hence their well-being during their study abroad.
World economy
AZ, Nakhchivan, Azerbaijan
24 monthsProgramme duration
1,500 USDTuition Fee/year
31 Aug, 2026Application Deadline
SepStarting Month
Programme overview
Main Subject
Economics and Econometrics
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Program Description
Master’s Degree in World Economy (060401)
The Master’s Program in World Economy is designed to provide advanced academic knowledge and practical skills in global economic systems, international economic relations, and foreign economic policy. The program is developed in accordance with the State Educational Standards of the Republic of Azerbaijan and meets international requirements for graduate-level education.
The program aims to prepare highly qualified specialists capable of conducting independent research, performing analytical and managerial functions, and contributing effectively to academia, public institutions, and the private sector in the field of international economics.
Program Structure and Duration
- Degree awarded: Master of Science (MS)
- Duration: 2 years (full-time)
- Total credits: 120 ECTS
Areas of Specialization
Students may specialize in one of the following areas:
- International Economic Relations
- International Trade
- Customs Affairs
- Foreign Economic Activity
- Foreign Economic Policy
- Azerbaijan’s Foreign Economic Relations
- International Finance and Currency-Credit Relations
Learning Outcomes
Upon successful completion of the program, graduates will be able to:
- Analyze global economic processes, international markets, and economic integration trends
- Apply modern economic theories, quantitative methods, and econometric models to international economic research
- Design and implement research projects related to the world economy and foreign economic activity
- Evaluate and formulate foreign economic and trade policies at national and international levels
- Use modern information technologies and analytical tools in economic decision-making
- Communicate professionally in Azerbaijani and at least one foreign language
- Teach courses related to world economy and international economic relations in higher education institutions
Professional Competencies
Graduates acquire competencies in:
- Research and analysis of international economic relations and global markets
- Project and economic planning, including evaluation of financial efficiency
- Organizational and managerial activities in public and private institutions
- Policy analysis and strategic decision-making in foreign economic affairs
- Academic and pedagogical activities, including curriculum and teaching material development
Career Opportunities
Graduates of the program can pursue careers in:
- Government institutions and ministries responsible for economic and trade policy
- International organizations and financial institutions
- Research centers and think tanks
- Universities and higher education institutions
- Banks, multinational companies, and consulting firms
- Customs and foreign trade organizations
Final Assessment
The program concludes with the preparation and public defense of a master’s thesis, demonstrating the student’s ability to conduct independent scientific research and apply theoretical knowledge to practical economic problems.
Programme overview
Main Subject
Economics and Econometrics
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Program Description
Master’s Degree in World Economy (060401)
The Master’s Program in World Economy is designed to provide advanced academic knowledge and practical skills in global economic systems, international economic relations, and foreign economic policy. The program is developed in accordance with the State Educational Standards of the Republic of Azerbaijan and meets international requirements for graduate-level education.
The program aims to prepare highly qualified specialists capable of conducting independent research, performing analytical and managerial functions, and contributing effectively to academia, public institutions, and the private sector in the field of international economics.
Program Structure and Duration
- Degree awarded: Master of Science (MS)
- Duration: 2 years (full-time)
- Total credits: 120 ECTS
Areas of Specialization
Students may specialize in one of the following areas:
- International Economic Relations
- International Trade
- Customs Affairs
- Foreign Economic Activity
- Foreign Economic Policy
- Azerbaijan’s Foreign Economic Relations
- International Finance and Currency-Credit Relations
Learning Outcomes
Upon successful completion of the program, graduates will be able to:
- Analyze global economic processes, international markets, and economic integration trends
- Apply modern economic theories, quantitative methods, and econometric models to international economic research
- Design and implement research projects related to the world economy and foreign economic activity
- Evaluate and formulate foreign economic and trade policies at national and international levels
- Use modern information technologies and analytical tools in economic decision-making
- Communicate professionally in Azerbaijani and at least one foreign language
- Teach courses related to world economy and international economic relations in higher education institutions
Professional Competencies
Graduates acquire competencies in:
- Research and analysis of international economic relations and global markets
- Project and economic planning, including evaluation of financial efficiency
- Organizational and managerial activities in public and private institutions
- Policy analysis and strategic decision-making in foreign economic affairs
- Academic and pedagogical activities, including curriculum and teaching material development
Career Opportunities
Graduates of the program can pursue careers in:
- Government institutions and ministries responsible for economic and trade policy
- International organizations and financial institutions
- Research centers and think tanks
- Universities and higher education institutions
- Banks, multinational companies, and consulting firms
- Customs and foreign trade organizations
Final Assessment
The program concludes with the preparation and public defense of a master’s thesis, demonstrating the student’s ability to conduct independent scientific research and apply theoretical knowledge to practical economic problems.
Admission Requirements
NSU is a leading higher education institution that offers modern knowledge, international-level education, and development opportunities for students. The admission process is organized in accordance with the legislation of the Republic of Azerbaijan and is open to both local and international students.
General Admission Requirements
Required Documents
Applicants are required to submit the following documents:
Admission Process
Tuition Fees
Tuition fees vary depending on the program level and field of study. Specific tuition fee structures for international students are available on the university’s official website.
Accommodation and Scholarships
Additional Information
Why Choose Nakhchivan State University?
For more details, visit the official website of Nakhchivan State University: https://ndu.edu.az/secimtelebe
Tuition fees
Domestic
Domestic (Out of State)
International
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
How to get a full scholarship
Looking for a fully-funded scholarship to see you into university? Find out how to boost your chances of getting one.
Scholarships to study abroad
Find scholarships to study abroad with our lists of international scholarships – categorized by country, by subject, and by type of student.
Scholarship Applications: Frequently Asked Questions
Get answers to all your questions about scholarship applications, including tips on how to find scholarships and chances of success.
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Frequently Asked Questions