Study programme title in Est.
Majandusanalüüs
Study programme title in Engl.
Economic Analysis
TalTech study programme code
TAAM02
MER study programme code
2006
Study programme version code
TAAM02/25
Faculty / college
M - School of Business and Governance
Head of study programme/study programme manager
Heili Hein-Sula
Language of instruction
Estonian
Self-paid study programme
no
Nominal study period
4 semesters
Study programme group
Business and Administration
Broad area of study
Business, Administration and Law
Study field
Business and administration
Curriculum group
Business, administration and law not elsewhere classified
Granting the right to conduct studies in the study programme group
õppe läbiviimise õigus
Validity date of the right to conduct studies in the study programme group
tähtajatu
No. of the decision granting the right to teach in the study programme group
191
Access conditions
Bachelor degree or education of corresponding qualification in accordance with admission requirements of TalTech.
Study programme aims and objectives
To provide students with in-depth knowledge and skills for interdisciplinary approach to interpreting,
analysing and managing economic processes, and planning sustainable development in the public or private sector as an economic analyst, a business analyst, an economist, a consultant, a strategist or a policy maker. Show more...
Learning outcomes of the study programme
Upon successful completion of the curriculum, the graduate:
- has acquired an understanding of the relationships between economic processes from the micro level of the individual to the global macro level, and demonstrates advanced knowledge about the functioning of the economic system;
- defines economic problems, risks and opportunities to identify and manage them in the private or public sector;
- has acquired professional knowledge of subject-specific concepts and analytical tools and skills for applying them to practice;
- has acquired professional skills and proficiency for oral and written communication;
- has acquired competencies required for working as a top specialist or continuing studies at the doctoral level. Show more...
Graduation requirements
Completion of the curriculum in the required amount, and the successful defence of the graduation paper in conformity with the requirements set by the TalTech Senate.
In order to obtain Cum Laude diploma the graduation paper must be defended for the grade "5" and the weighted average grade must be at least 4,60, where all grades from diploma supplement are taken into account. Show more...
Degrees conferred
Master of Arts in Social Sciences (economic analysis)
Study programme version structure :
Module type
total ECTS credits
+
MAIN SPECIALITY 5: economic analysis
+
MODULE: General Studies 6.0 ECTS credits (General studies)
Aims
The aim of this module is to:
- develop the knowledge and skills for managing business activities in a socially responsible, ethical and sustainable fashion;
- give students knowledge and skills of professional ethics to improve their knowledge in ethical arguing and solving ethical conflicts in business;
- provide better understanding of main principles of corporate social responsibility (CSR). Show more...
Learning outcomes
After completing this module, the student:
- knows the theoretical foundations of ethics and business ethics,
the main principles of corporate social responsibility and the relationship between market economy and business ethics;
- is able to analyse and solve ethical dilemmas by applying a framework for making ethical decision;
- understands the principles of socially responsible businesses and the scope of sustainable marketing;
- knows the role of sustainability in international operations. Show more...
Compulsory courses:
Course title
Course code
ECTS credits
Hours per week
Lectures
Practices
Exercises
E/P-F.Ass./ Gr.Ass.
Teaching semester
MMO5590
6.0
4.0
2.0
0.0
2.0
E
S
+
MODULE: Core Studies 24.0 ECTS credits (Core studies)
Aims
The aim of this module is to:
- develop further theoretical
knowledge in micro and macroeconomics and to develop independent analysing and synthesising skills in solving economic problems;
- develop skills of using methods of econometrics to test theoretical economic concepts and hypotheses. Show more...
Learning outcomes
After completing this module, the student:
- masters contemporary theories in micro and macroeconomics and their applications;
- discusses contemporary economic issues, uses economic arguments to explain one’s viewpoints;
- thinks logically, analytically and algorithmically and solve problems systematically;
- uses the suitable statistical or econometric method to solve economic problems;
- assesses critically, interprets and communicates the results of empirical analysis both in writing and verbally. Show more...
Compulsory courses:
Course title
Course code
ECTS credits
Hours per week
Lectures
Practices
Exercises
E/P-F.Ass./ Gr.Ass.
Teaching semester
MEC5010
6.0
3.0
1.5
0.0
1.5
E
S
MEC5020
6.0
3.0
1.5
0.0
1.5
E
K
MEM5220
6.0
3.0
1.5
1.5
0.0
E
K
MEM5270
6.0
4.0
2.0
0.0
2.0
E
S
+
MODULE: Special studies compulsory courses 30.0 ECTS credits (Special studies)
Aims
The aim of this module is to:
- teach how to apply economic concepts and analytical methods to solve economic problems in practice;
- master specific knowledge needed for working in economic analysis or in a related field in private or public sector. Show more...
Learning outcomes
After completing this module, the student:
- applies economic concepts for the strategic analysis of companies,
public sector and its` institutions, international economic processes, the competitiveness of companies, regions and industries and business environment;
- applies appropriate analysis and/or modelling methods for solving practical economic problems in business or in public sector;
- possesses skills for the argumentation and presentation of research results to various target groups both in Estonian and in English. Show more...
Compulsory courses:
Course title
Course code
ECTS credits
Hours per week
Lectures
Practices
Exercises
E/P-F.Ass./ Gr.Ass.
Teaching semester
MEC5030
6.0
3.0
1.5
0.0
1.5
E
K
MEC5040
6.0
3.0
1.5
0.0
1.5
E
S
MEC5520
6.0
0.0
0.0
0.0
0.0
A
SK
MEC5530
6.0
2.0
1.0
0.0
1.0
A
SK
MEM5230
6.0
3.0
1.0
2.0
0.0
E
S
+
MODULE: Special studies elective courses 30.0 ECTS credits (Special studies)
Aims
The aim of this module is to:
- provide, considering the student's preferences and needs,
specific knowledge needed for working in the area of economic analysis or in a related field, and skills for applying acquired knowledge in practice;
- develop further knowledge and skills in implementing data analysis, assessing policy effects or identifying the relationship between corporate finance and economic environment. Show more...
Learning outcomes
After completing this module, the student:
- masters methods to implement data mining or big data analysis and is able to use economic concepts to interpret the results;
- knows methodology, methods and models used in law and economics analysis and uses it to evaluate the effects of legal acts on economics processes;
- uses corporate data to analyse companies` performance, investment decisions and risks and finds causal effects between financial and economic variables. Show more...
Elective courses:
Course title
Course code
ECTS credits
Hours per week
Lectures
Practices
Exercises
E/P-F.Ass./ Gr.Ass.
Teaching semester
EES5240
6.0
4.0
1.2
1.6
1.2
E
S
HHL1300
6.0
4.0
2.5
0.0
1.5
E
K
IDN1605
6.0
4.0
2.0
2.0
0.0
E
K
ITI0206
6.0
4.0
2.0
2.0
0.0
E
K
MEF5040
6.0
3.0
1.5
0.0
1.5
E
SK
MEF5050
6.0
3.0
1.5
0.0
1.5
E
SK
MEF5080
6.0
3.0
1.5
0.0
1.5
E
SK
MEM5250
6.0
3.0
1.5
1.5
0.0
E
S
MEM5260
6.0
3.0
1.5
0.0
1.5
E
S
MEM5280
6.0
3.0
1.0
0.0
2.0
E
S
MMJ5260
6.0
4.0
1.5
0.0
2.5
H
S
MNR5380
3.0
2.0
1.5
0.0
0.5
A
K2
YFX0500
6.0
4.0
1.5
2.5
0.0
E
S
Total: at least 30.0 ECTS credits
+
MODULE: Free choice courses 6.0 ECTS credits (Free choice courses)
Aims
The module provides students with a possibility to choose subjects according to her/his special interests or future specialisation preferences.
Learning outcomes
Knowledge and abilities connected to student`s special interests or the future specialisation preferences.
+
MODULE: Graduation thesis 24.0 ECTS credits (Graduation thesis)
Aims
The aim of this module is to:
- provide students experiences
of preparing an independent research paper dealing with and solving an integrated topical theoretical or practical economic problem;
- provide skills for applying theoretical knowledge to solving practical problems on the level of academic master`s degree. Show more...
Learning outcomes
The student:
- formulates a research problem corresponding to the main specialty, sets the aim of the thesis and defines research questions/tasks/hypotheses;
- chooses appropriate scientific and field-specific literature, analyses and synthesizes their content;
- chooses appropriate methodology to fulfill the aim of the thesis;
- collects, processes and analyses relevant information;
- uses professional knowledge to solve the research problem, interpret the results and provide conclusions;
- formats the thesis according to pre-set requirements using scientific language and professional terminology and following proper citing principles;
- presents and justifies one`s viewpoints in both written and oral form. Show more...
+
STANDARD STUDY PLAN: Autumn daytime study

