World-Class EconomicsEducation and Research in Ukraine

KSE founders:

• Economics Education & Research Consortium (EERC)

• The Victor Pinchuk Foundation

KSE contributors

Core Sponsors:

• Eurasia Foundation

• Victor Pinchuk Foundation

• Open Society Institute

• Swedish Ministry for Foreign Affairs

• Swedish Agency for International Development (SIDA)

• The Global Development Network

Scholarships and Other

Support Providers:

• Citigroup Foundation

• Concorde Capital

• Dragon Capital

• Finnish Embassy to Ukraine

• Kytasty Foundation

• SEB Bank

• Swedbank

• EERC/KSE Faculty

KSE MA Program

As an international consortium of donors, 12 years ago, in Kyiv, EERC created the western-standard Master’s Program in Economics, similar to other schools, also created by international donors:

• Center for Economic Research and Graduate Education (Prague)

• Central European University (Budapest)

• New Economic School (Moscow)

KSE MA mission

• To create a new generation of economists

• To create a sustainable local capacity for economic research and education

KSE International Advisory Board

• Professor Anders Åslund, Peterson Institute for International Economics

• Professor Robert Baldwin, University of Wisconsin

• Professor Charles Becker, Duke University

• Professor Irwin Collier, Freie Universitat Berlin

• Professor Paul Gregory, Chair; University of Houston

• Professor Peter Kennedy, Simon Fraser University

• Professor Larysa Krasnikova, NaUKMA

• Professor Joseph Pelzman, George Washington University

• Professor John Earle, Central European University

KSE Board of Directors

Victor Pinchuk, Honorary Chair

• Anders Aslund, Co-Chair; Peterson Institute for International Economics

• Tom Coupe, Ex officio, EERC/KSE

• Richard Ericson, Chairman of the Research Network IAB; East Carolina University

• Thomas Eymond-Laritaz, the Victor Pinchuk Foundation

• Paul Gregory, Chairman of the KSE IAB; University of Houston

• Natalia Izosimova, Effective Governance Foundation

• Sten Luthman, Swedish Ministry for Foreign Affairs

• Gobind Nankani, Global Development Network

• William Newton-Smith, Open Society Institute (OSI)

• Boris Preskovic, The World Bank

• Regina Yan, Co-Chair; Eurasia Foundation

• Yuriy Yekhanurov, Ukraine’s Minister of Defence

KSE VIP-persons

• The Honorary Chairman of the Kyiv School of Economics: Victor Pinchuk

• Co-Chairs of the KSE Board of Trustees:

Anders Åslund (Peterson Institute for International Economics) and Regina Yan (Eurasia Foundation)

• KSE Director: Tom Coupé

The Kyiv School of Economics is

• an internationally recognized Centre of Excellence that ranks with the best schools in Central and Eastern Europe

• competitive on the world market, in both economics education and research

• a school that produces the future generation of economists in the region.

• financially stable: in addition to support from international and local donors, the Victor Pinchuk Foundation has committed to support KSE with 10 million dollars for 10 years.

KSE offers students

• KSE offers 2 MAs: MA in Financial Economics and MA in Economic Analysis

• KSE provides unique training in economics modelling and analysis

• All classes taught in English

• An academic curriculum modelled on the best economics and financial economics graduate programs in North America and Western Europe

• A joint program with the University of Houston that provides KSE students with a master’s degree in economics accredited in the US

• In the academic year 2009-10, all students have the opportunity to study for free during their studies – tuition will be deferred

KSE offers students

• Active partnerships with foreign educational and research institutions (Stockholm School of Economics, Norwegian Institute of International Affairs, CERGE-EI, Prague and many others)

• Opportunities for internships at the best Ukrainian companies, government structures and international institutions

• Unmatched access to economics literature, Western textbooks, statistical databases, econometrics software, and modern computing facilities

Why is KSE different?

• Hard Work

• Modern, Advanced Economics

• Western-trained Faculty

What is special about KSE?

• KSE faculty include experienced Western and Western-trained professors (with Ph.D. degrees from abroad, great teaching experience and publications in international journals)

• KSE invites top professors to teach at the program or visit the program to give a public and academic lectures

Why is western-trained faculty important?

• Best Guarantee for ‘Modern’ economics• Best Guarantee for international approach• Best Guarantee for quality education• Best Guarantee for quality research

KSE professorsFull-time faculty (name, degree, university where degree was obtained):

• Elena Besedina, Ph.D., Bocconi University• Tom Coupé, Ph.D., Free University of Brussels• Olena Nizalova, Ph.D., Michigan State University• Denys Nizalov, Ph.D., Michigan State University• Pavlo Prokopovych, Ph.D., University of Michigan• Oleksandr Shepotylo, Ph.D., University of Maryland at College Park • Hanna Vakhitova, Ph.D., University of Kentucky• Volodymyr Vakhitov, Ph.D., University of Kentucky• Olesia Verchenko, Ph.D., University of Virginia• Valentin Zelenyuk, Ph.D., Oregon State University

KSE professors

Visiting professors (name, affiliation):

• Roy J. Gardner, Indiana University• Iikka Korhonen, Helsinki School of Economics and Business Administration • Lilia Maliar, University of Alicante• Seguei Maliar, University of Alicante• Aaron Mehrotra, Economist, Institute for Economies in Transition/ Bank of Finland

(BOFIT)• Arne Melchior, NUPI • Topi Miettinen, Research Fellow, Stockholm School of Economics (SITE)• Bent Sorenson, University of Houston• Robert Swidinsky, University of Guelph• Matti Viren, Professor, University of Turku

KSE professors

Part-time faculty, residing in Ukraine (name, degree, university where degree was obtained; affiliation):

• Larysa Krasnikova, Candidate of Economic Sciences, Institute of Cybernetics; NaUKMA

• Irina Lukyanenko, Doctor of Economic Sciences, Kyiv National Economic University; NaUKMA

• Edilberto Segura, MBA, Stanford University and Ph.D., Columbia University; SigmaBleyzer

• Volodymyr Shportyuk, Candidate of Physical and Mathematical Sciences, Kyiv State University; NaUKMA

KSE curriculum

First Year Courses:

• Macroeconomics

• Mathematics for Economists

• Microeconomics

• Statistics and Econometrics

KSE curriculumSecond Year Courses:

MA in Financial Economics

• Monetary Economics

• Issues in Financial Economics and Strategy

(Top Professors Course)

• Theory of Corporate Finance

• Financial Economics I

• Emerging Capital Markets

• Financial Economics II

• Issues in Financial Economics

• Money and Banking

• International Finance

• Research & Economic Policy Analysis Workshop

• Thesis Workshop

MA in Economic Analysis

• Public Economics I• New Economic Geography• Issues in Financial Economics and Strategy

(Top Professors Course)• Economic Policy Analysis I• Labor Economics I• International Trade I• Issues in Microeconomics I: Information Economics• Advanced Macroeconomics I• Industrial Organization I• Economics of Europe• Game Theory• Demography and Transition• Research & Economic Policy Analysis• Thesis Workshop

Tuition at KSE

• All students have the opportunity to study for free during their studies – tuition will be deferred. Second-year students who choose the MA in Financial Economics will be asked to pay tuition during their second year of study (Euro 300 per month), those who choose the MA in Economic Analysis will have automatically deferred tuition.

• Students are expected, in return for the deferred tuition option, to start contributing to the program after six month of their graduation from the program, for a period of 2.5 (MA in Financial Economics) respectively 5 years (MA in Economic Analysis), at a rate of Euro 100 per month.

• The tuition, for a given term, of the 3 top students of the class in that term (based on the GPA ranking) will be forgiven

Scholarships for international students

The students from Belarus and Moldova accepted to KSE are awarded with full scholarships funded by the Swedish International Development Agency (SIDA) and the Norwegian Ministry of Foreign Affairs

KSE opportunities

• KSE offers great knowledge and skills

• KSE provides great career opportunities:- Public sector (think tanks, government)

- Private sector (consulting, banks, investment, audit, industry)

- International organizations (IMF, World Bank, etc)

• KSE provides opportunities for continuing studies at the Ph.D. level abroad

KSE (EERC) graduates

• Total graduates: 442

• Went to study abroad: more than 100 graduates (already obtained a Ph.D. degree: 46 individuals)

• Current Placement:

- Working in government & public sector: 23%

- Working in private sector: 60%

- Studying at PhD programs abroad: 17%

KSE (EERC) graduates international

Recent alumni successes

• Recent KSE alumni continue to excel both in academia and business. For example, eleven students of the class of 2009 have been accepted by top PHD programs in Western Europe and the United States.

• PHD Placement of the Class of 2009:

 1. Bostashvili Davit – University of Houston (USA);

2. Croitorov Olga – Universidad Carlos III de Madrid (Spain)

3. Gerasymenko Iuliia – Universidad Autonoma de Barcelona (Spain);

4. Grygorenko Oleksandr – CERGE-EI;

5. Grynkiv Galyna – PennState University (USA);

6. Iurchenko Oksana – CERGE-EI;

7. Ponomar’ova Yana – ESSEC (France);

8. Pypko Sergii – PennState University (USA);

9. Sikora Iryna – University of Alicante (Spain);

10. Yatsynovich Yury – University of California, Berkeley (USA).

11.Olha Zadorozhona - Bocconi University (Italy);

Recent alumni successes • In 2009 “Business” Magazine featured the macroeconomics forecasts of the most reputed

Ukrainian think tanks. Three out of these 4 thinks tanks are represented by KSE graduates: Dmytro Boyarchuk, KSE’2003, Executive Director, CASE; Ildar Gazyzulin, KSE’2003, Chief Economist, ICPS; and Veronika Movchan, KSE’1999, Research Director, IER.

• Also in 2009, Eugen Dubogryz, KSE'2003, was named among the top three investment analysts - European Emerging Markets Metals and Mining, according to the 2009 Extel Survey

• According to the 2009 Thomson Reuters Extel Survey, the analytical team of Dragon Capital, which includes 3 KSE alumni, has been recognized as the best analytical team in Ukraine.

• According to the 2008 Thomson Reuters Extel Survey (Focus CIS), the analytical team of Concorde Capital has been recognized as the best analytical team in Ukraine. The leaders of the team are Vladimir Nesterenko, KSE’2004, and Alexander Parashiy, KSE’2004.

• Alina Slyusarchuk, KSE’2008, has been appointed as an Associate in the Research Department of Institutional Sales and Trading Division of Morgan Stanley (London).

• Yuriy Gorodnichenko, KSE’2001, is Assistant Professor at the University of California, Berkeley. 

• Andriy Norets, KSE’2002, is Assistant Professor at Princeton University.• Victor Tsyrennikov, KSE’2002, is Assistant Professor at  Cornell University.• Bogdan Povoroznyk, KSE’2004, has been appointed as Economic Analyst at the Office of the

Chief Economist, EBRD.• Iryna Ivaschenko, EERC’1998, has been appointed as IMF Resident Representative in

Budapest.

Main employers of our graduates (private sector)

Investment Funds and Banks

• Alfa Bank

• Alfa Capital

• Castle Finance

• Citi Ukraine

• Concorde Capital

• Dragon Capital

• Foyil Asset Management

• Horizon Capital

• Hypovereinsbank Ukrayina

• Index Bank

• ING Bank Ukraine

• KINTO

• Midland Group

• Millennium Capital

• Morgan Stanley

• OTP Bank

• Phoenix Capital

• Princeton Partners Group

• Raiffeisen Bank “Aval”

• SARS

• SigmaBleyzer

• Troika Dialog

• VAbank

• UkrSibbank

• UniCredit

Main employers of our graduates (private sector)

Strategic Consulting

• Bain & Company

• Boston Consulting Group

• Roland Berger Strategy Consultants

Audit

• Deloitte

• Ernst & Young

• KPMG

• PricewaterhouseCoopers

Industry and Other Private Sector

• Colliers International

• Consortium "Industrial Group"

• DTEC

• FedEx Corporation

• General Electric

• Kraft Foods Ukraina

• Kvazar Micro

• Metinvest Holding

• Nescafe

• PBN

• Procter & Gamble

• Prudens

• SCM

• Studio 1+1

• Tetra Pak

• Ukrtransnafta

Main employers of our graduates (Public sector)

Academia• Auburn University, USA

• Cornell University, USA

• DIW – Berlin, Germany

• Florida Atlantic University, USA

• Georgia State University, USA

• Hebrew University, Israel

• Maastricht University, Netherlands

• Princeton University, USA

• State University of Pennsylvania, USA

• SUNY - Stony Brook, USA

• University of Alberta, Canada

• University of California Berkeley, USA

• Warwick Business School, UK

• University of British Columbia, Canada

• University of Bonn, Germany

• University of California, Irvine, USA

• University of Memphis, USA

• University of Saskatchewan, Canada

• Virginia Commonwealth University, USA

• Yale University, USA

Main employers of our graduates (Public sector)

International Organizations

• European Bank for Reconstruction and Development (EBRD)

• International Finance Corporation (IFC)

• International Monetary Fund

• United Nations Development Program

• World Bank

Local Policy Institutes

• BEST

• Institute for Economic Research and Policy Consulting (IER)

• Institute for Social and Economic Research (CASE)

• International Centre for Policy Studies (ICPS)

Government Agencies

• Ministry of Finance of Ukraine

• National Bank of Ukraine

• National Electricity Regulatory Commission of Ukraine

• State Tax Administration

Positions that our graduates occupy

• Vice President

• Chief Economist

• Deputy Director

• Head of Research

• Chief Consultant

• Financial Analyst

• Research Associate

• Assistant Professor

KSE Public Lectures

From left to right:Dr. Robert Engle (Nobel Prize 2003), Dr. Francis Fukuyama and Victor Pinchuk

KSE Public Lectures

From left to right:Colin Powell (Former US Secretary of State) and Victor Pinchuk

Our Students and VIP-Persons

Victor Pinchuk,with our students

James Wolfensohn with our students

Our Students and VIP-persons

Vitaliy Klichko (right) and our student (left)

Our Students and VIP-persons

Svyatoslav Vakarchuk and Andriy Shevchenko with our students

How to apply to KSE?

• Submit an application form –KSE application form is available online: www.kse.org.ua

Admission Exams:• English Language, Mathematics, Economics,

Ukrainian + Interview (in English)

Application Deadline: July 2, 2010.

KSE admission requirements

• Specialist's or bachelor's degree (minimum) by the time of graduation in any field

• Proficiency in English • Strong mathematical skills• Submission of required documents for admission

by the announced deadlines

Visit our web site

www.kse.org.ua