Overview
The M.A. in Economics program equips students with advanced knowledge and quantitative skills for careers as economic, finance, and business analysts in the global society. The program is designed to address contemporary economic challenges with a strong emphasis on the Muslim world and emerging economies.
Students can specialize in five concentration areas: Islamic Banking & Finance, Muslim World Economy, Digital Economy & Data Science, Sustainability, and Halal Industry & Policy Economics. The curriculum combines rigorous economic theory with practical analytical tools, preparing graduates for roles in academia, government, central banks, international organizations, and the private sector.
Why Choose This Program
Five Unique Concentration Areas
From Islamic banking to digital economy and halal industry economics, these specializations address rapidly growing sectors that are reshaping the global economic landscape.
Quantitative and Analytical Rigor
The program provides strong training in econometrics, statistical analysis, and data-driven research methods, equipping graduates with the technical skills demanded by employers worldwide.
Focus on Muslim World Economies
UIII offers a distinctive lens on economic development, trade, and finance within Muslim-majority countries — a perspective rarely found in conventional economics programs.
Strategic Location in Southeast Asia
Indonesia is the largest economy in Southeast Asia and a leader in Islamic finance and the halal industry. UIII's location provides direct access to these dynamic markets and policy institutions.
Course Details
The program requires the completion of a minimum of 42 credits, including core coursework, concentration-specific electives, and a thesis. The curriculum is designed to be completed in 2 years (4 semesters).
Core Courses
- Microeconomic Theory
- Macroeconomic Theory
- Econometrics
- Research Methods in Economics
- Wasatiyyatul Islam in a Globalizing World
Concentration Electives (select based on chosen area)
- Islamic Banking and Financial Institutions
- Economics of the Muslim World
- Digital Economy and Data Analytics
- Sustainability Economics and Green Finance
- Halal Industry Value Chain and Policy
Thesis (6 Credits)
Students complete an original research thesis under the supervision of a faculty advisor.
Entry Requirements
All documents must be in English.
- GPA of at least 3.00 on a scale of a maximum of 4.00, proven by undergraduate academic certificate and transcript.
- A valid language proficiency certificate: TOEFL iBT 80 or ITP 525 or IELTS 6.0 (issued within the past 24 months).
- Full curriculum vitae (in tabular form).
- Provide two academic reference contacts.
- Motivation letter indicating the preferred concentration area.
- Paid registration fee: IDR 750,000 (Indonesian nationals) / USD 50 (international applicants).