Economics, BA

Are you interested in a career in economic policy that contributes to Central Asia's growth and development? Do you aspire to be a socially impactful entrepreneur? Are you interested in the analytical tools that firms use to make business decisions? Do you want to help find solutions to global economic challenges, such as poverty, rising inequality, and environmental degradation? If so, UCA's Economics programme is for you.

UCA aims to train economists who are strategic thinkers and can serve as effective researchers, policy makers, entrepreneurs and practical analysts who can apply the tools of economics to understand the complexities of Central Asian and global economies. There is a wide range of future career options in many sectors. Economists work for governments and in the business sector, as well as a variety of non-government and international organisations.

UCA's Economics programme offers a variety of courses suited to the needs of students with a broad range of interests. Students begin the programme by learning core economic theory and quantitative methods, and use it in the study of different fields of economics such as business economics, economic development, entrepreneurship, international economics and environmental economics.

The curriculum is designed in collaboration with the National Research University's Higher School of Economics in Moscow and the Stockholm School of Economics in Riga, Latvia.

You will have access to the University's Institute of Public Policy and Administration, which fosters rigorous inquiry into public policy related to socio-economic development in Central Asia and has strong partnerships with government ministries across the region. UCA Economics Programme is practice-based, enabling you to study and experience the inextricable link between entrepreneurship and economic development through internships and other opportunities.

Meet UCA's Economics Faculty

Core Curriculum

  • Principles of Microeconomics deals with the interactions between individual households, and business firms. Free market system is the background of this course. Hence, the latter is focused on the concepts of supply and demand; students learn what these concepts mean, how they operate, and how prices in goods and services and factors markets are determined. Market structure and market failure, as well as notions about international trade are also covered in this course. Moreover, students will gain economic knowledge and insight that help them make rational economic decision for themselves, and their professional work. The key economics concepts will allow students to be better informed citizens, participate and follow the debates over various economic events and policies reported in the news media.

  • Introduction to Macroeconomics
  • This course will help students better understand statistics as a science of data. In the information age we live in, data is everywhere thus, it is an important skill to know how to extract useful knowledge from data, and gain an understanding in what data tells us. This course will help students understand the essentials of statistics, including data collection, as well as how to summarize, organise, analyse, and interpret the information data tells us. This is a hands-on introduction to statistics course with many real-life applications and examples presented during lectures and lab hours. The course will cover understanding statistical concepts and theories as well as communicating the results of what we call statistical analysis by using real life datasets. Students will learn how to construct numerical arguments such as; “there is strong evidence that…” and “the data suggest that…” while, telling the story the data tells us. Students will use the R package to do the numerical computations for us.

  • This is an introductory econometrics course which covers basic statistical methods and tools used by economists and other social scientists, to evaluate empirical relationships among variables of interest and to test specific theories. The focus of the course is to examine the nature and scope of econometrics as a fundamental field of the social sciences. The course emphasises both theoretical and practical aspects of econometric models and will train students in the analysis of real-world data using the programming language R. In particular, the tools learned in the course will set the foundations to conduct research, undertake regression analysis pertaining to estimating certain economic parameters, testing relevant hypotheses and conducting forecasting of economic variables through an extensive use of quantitative data.

  • Intermediate Macroeconomics
  • Intermediate Microeconomics
  • Advanced Statistics
  • Applied Econometrics
  • Economies of Central Asia

Specialised Courses

  • Development Economics
  • Environmental and Natural Resource Economics
  • Agricultural Policy, Trade and Development
  • Economics of Labor and Migration
  • Sustainable Development
  • Introduction to Finance
  • Accounting
  • Economics of Entrepreneurship
  • Social Entrepreneurship
  • Managing Entrepreneurship and Innovation
  • Economic History and History of Economic Thought
  • Institutional Economics
  • Public Economics
  • Game Theory
  • International Economics: Trade Theory and Policy
  • This course provides an overview of the main topics in international monetary economics. Students will examine the theoretical concepts of international monetary economics and discuss world economy practical examples, including cases in developed countries, emerging markets and the Central Asian economies. All the topics discussed in the course will be illustrated with relevant practical examples.

* Courses are subject to change.

Elective courses are offered to students in line with the national requirements, and students can also choose free elective courses from another major.


You will acquire the following professional skills:

  • Ability to understand complex economic and social phenomena through models and theory
  • Analyse qualitative and quantitative data to understand relationships between economic variables
  • Analyse factors determining business performance, company value and the inter-relationship between capital, labor and technology in Central Asian markets
  • Effective communication skills to convey a variety of concepts to a wide audience
  • Critically assess a host of development challenges by asking relevant researchable questions and providing evidence for possible policy interventions

Career Pathways

Your minor complements your major area of study, enriching your skill set and knowledge base, making you an all-rounded candidate for any future employer.

  • Private sector
  • Banking
  • Small and Medium Enterprises
  • Government
  • Non-Governmental Organisations
  • International Organisations
  • Academics and Research
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