ADMISSION TESTS AND INTERNATIONAL CERTIFICATES
The aim of the admission tests to the MSc in Global Economics and Finance is to select the most motivated and prepared applicants who want to become professionals in finance and economics.
! The applicant does not require to sit for the Admission tests in case if he/ she has International certificate GMAT or GRE.
The test results must be confirmed with official certificates from organizations authorized to administer such tests.
Our institutional codes for International tests:
GMAT: 0QB (0QB-Q0-97) (Lomonosov Moscow State University, Master of Science in Global Economics and Finance)
GRE: 2747 (Lomonosov Moscow State University, Master of Science in Global Economics and Finance)
DATES FOR THE ADMISSION TESTS
2024-ADMISSION TEST RESULTS , MSC IN GLOBAL ECONOMICS AND FINANCE (foreigners)
2024-ADMISSION TEST RESULTS, MSC IN GLOBAL ECONOMICS AND FINANCE (Russian citizens)
The First Group
29.06.2024, at 11.00 (MSC time) – Economics (written test and interview with the Commission member), on-line.
The Second Group
23.07.2024 at 11.00 (MSK time) – Economics (written test and interview with the Commission member), on-line.
Please follow the link to register for the July 23, 2024 exam.
A night before the exam date the registered applicants will receive an invitation for the identification procedure. The Applicants should prepare the ID/ passport with photo, camera and microphone of a good quality and should connect on-line at 10.00 on 23.07.2024.
Please note we are using on-line proctoring system and the system will be identfying you based on your documents.
Please note we do not advise to use supplementary software or other devices that may affect the exam results during the exam as the on-line proctoring system monitors usage of the irrelevant services and softwares and this may cancel your exam results .
Admission test in Economics consists of two parts- the written part and the interview and it is aimed at assessing the professional competencies of the enrollee, necessary for the successful education at the MSc in Global Finance and Economics in English.
The written test in Economics takes part for 45-60 minutes. The enrollee should try to present his answers to the exam questions in the most complete way. The written test will be followed by the Interview with the Exam Commission member. Please kindly inform us in advance the exam participation date to send you the ticket (link) for the exam and to schedule your interview time. The information on the exam date to be sent to the e-mail: akopyan@mse-msu.ru.
The test results will be announced within 2 days after the the exam.
The Admission commission considers applicants with fluent or near to fluent knowledge of English. The education is completely in English and fluent knowledge of English (written, spoken and listening) is a must.
The English language International certificates such as IELTS (min 6.0) or similar level, confirmed by CAE/ BEC Higher/ BEC Vantage, TOEFL (iBT min 80) certificates confirming knowledge of the applicant are very welcomed.
HOW TO PREPARE FOR ECONOMICS TEST?
Admission test in Economics consists of two parts- the written part and the interview and it is aimed at assessing the professional competencies of the enrollee, necessary for the successful education at the MSc in Global Finance and Economics in English.
The written test in Economics takes part for 45-60 minutes. The enrollee should try to present his answers to the exam questions in the most complete way. The written test will be followed by the Interview with the Exam Commission member. Please kindly inform us in advance the exam participation date to send you the ticket (link) for the exam and to schedule your interview time. The information on the exam date to be sent to the e-mail: akopyan@mse-msu.ru.
! The applicant does not require to sit for the test in Economics in case if he/ she has a
To prepare well for the test in Economics we advise you to check the
We also advise you to pay particular attention to the following topics:
Topic 1. Monetary System
The kinds and the functions of money. Modern banking system: the structure and functions of the banking system. The Central bank and commercial banks: functions and interactions. Money creation with fractional-Reserve Banking. The Money Multiplier.
Topic 2. Inflation and Unemployment
Identifying Unemployment; reasons for unemployment. How is unemployment is measured? The Classical Theory of Inflation. The Cost of Inflation. Inflation targeting policy and it’s economic costs. The trade-off between Inflation and Unemployment: the Phillips curve.
Topic 3. Foreign Currency Exchange Rate and Market
Exchange rate: Nominal and Real Exchange Rate. Purchasing Power Parity. Factors affecting the real exchange rate. Exchange rate regimes. Characteristics and types of foreign exchange markets. Participants of the foreign exchange market. Open currency position.
Topic 4. Financial Markets
Types and functions of financial markets. International financial market: the international securities market and international foreign exchange market. Financial Intermediaries. The role of financial intermediation in ensuring the effectiveness of economic development. Financial system regulation.
Topic 5. Monetary Policy and Regulation of the Banking System
Central bank: Mission, Role, and Functions. Central Bank of Russia and Monetary Policy. Banking Supervision and Regulations of Banking Activities. Types of Banks and Non-bank Credit Institutions. Lending to corporate clients and individuals: application of financial ratios (calculation of indicators and their application for assessing the reliability of the client). Financial intermediaries in the market and their role in the distribution of financial resources.
Topic 6. The International Flow of Capital
The Market of Loanable Funds. The International Flows of Goods and Capital. The Consequences of International Capital inflows into Domestic Market. Transnational Corporations. Risks Associated with the International Capital Flows. Regulation of International Capital Flows.
- Gregory Mankiw: Macroeconomics, Worth Publishers; Eleventh edition, 2021
- Frederic S. Mishkin: The Economics of Money, Banking and Financial Markets, The Pearson, 5th edition, 2018
- Simulations: http://gmat.hult.edu/
- https://www.ets.org/gre/
