World-Class Economics

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World-Class Economics Education and Research in
Ukraine
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KSE founders

• Economics Education Research Consortium (EERC)
• The Victor Pinchuk Foundation

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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

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KSE MA Program

• As an international consortium of donors, 12
  years ago, in Kyiv, EERC created the
  western-standard Masters 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)

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KSE MA mission

• To create a new generation of economists
• To create a sustainable local capacity for
  economic research and education

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KSE International Advisory Board

• Professor Robert Baldwin, University of
  Wisconsin, USA
• Professor Charles Becker, Duke University, USA
• Professor Irwin Collier, Freie Universitat
  Berlin, Germany
• Professor Paul Gregory, University of Houston,
  USA
• Professor John Earle, Central European
  University, Hungary
• Professor Peter Kennedy, Simon Fraser University,
  Canada
• Professor Larysa Krasnikova, NaUKMA, Ukraine
• Professor Joseph Pelzman, George Washington
  University, USA
• Professor Mark P. Taylor, Global Market
  Strategies Group, UK
• Professor Jürgen Wolters, Freie Universitat
  Berlin, Germany 

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KSE Board of Directors

• Victor Pinchuk, Honorary Chair
• Max Alier, International Monetary Fund
• Anders Aslund, Co-Chair Peterson Institute for
  International Economics
• Tom Coupe, Ex officio, KSE
• Richard Ericson, Chairman of the Research Network
  IAB East Carolina University
• Paul Gregory, Chairman of the KSE IAB University
  of Houston
• Sten Luthman, Swedish Ministry of Foreign Affairs
  
• Hryhoriy Nemyria, Vice Prime Minister for Foreign
  Affairs
• William Newton-Smith, Open Society Institute
  (OSI)
• Gerardo della Paolera, Global Development Network
  
• Leonid Petukhov, Geo Alliance Concern
• Irina Paliashvili, RULG-Ukrainian Legal Group,
  P.A.
• Regina Yan, Co-Chair Eurasia Foundation
• Yuriy Yekhanurov, Ukrainian Presidential
  Secretariat

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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

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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.

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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 masters
  degree in economics accredited in the US

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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

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Why is KSE different?

• Hard Work
• Modern, Advanced Economics
• Western-trained Faculty

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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

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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

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KSE professors

• Full-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

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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

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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

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KSE curriculum

• First Year Courses
• 
  
• Macroeconomics
• Mathematics for Economists
• Microeconomics
• Statistics and Econometrics

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KSE curriculum

• 
  
• 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

• Second 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

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Tuition at KSE

• The tuition fee at the Kyiv School of Economics
  is Euro 3,000 per student per year.
• For Ukrainian Students
•  For the first year of studies (2010-11 academic
  year), KSE provides
•  10 full first-year scholarships covering the
  full first-year tuition fee of the top 10
  students based on the admission exams
• 20 partial first-year scholarships covering half
  of the first-year tuition fee (i.e. Euro 1,500)
  of the students ranked from 11 to 30 on the
  admission exams.
• For the second year of studies (2011-12 academic
  year), KSE provides
•  
• For the MA in Financial Economics 3 full
  second-year scholarships (covering the full
  second-year tuition fee) and 7 partial
  second-year scholarships (covering half of the
  second-year tuition fee, i.e. Euro 1,500).
• For the MA in Economic Analysis 7 full
  second-year scholarships (covering the full
  second-year tuition fee) and 13 partial
  second-year scholarships (covering half of the
  second-year tuition fee, i.e. Euro 1,500).

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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

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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

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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

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KSE (EERC) graduates international
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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. Ponomarova 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)

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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, KSE2003, Executive Director,
  CASE Ildar Gazyzulin, KSE2003, Chief Economist,
  ICPS and Veronika Movchan, KSE1999, 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, KSE2004, and
  Alexander Parashiy, KSE2004.
• Alina Slyusarchuk, KSE2008, has been appointed
  as an Associate in the Research Department of
  Institutional Sales and Trading Division of
  Morgan Stanley (London).
• Yuriy Gorodnichenko, KSE2001, is Assistant
  Professor at the University of California,
  Berkeley. 
• Andriy Norets, KSE2002, is Assistant Professor
  at Princeton University.
• Victor Tsyrennikov, KSE2002, is Assistant
  Professor at  Cornell University.
• Bogdan Povoroznyk, KSE2004, has been appointed
  as Economic Analyst at the Office of the Chief
  Economist, EBRD.
• Iryna Ivaschenko, EERC1998, has been appointed
  as IMF Resident Representative in Budapest.

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Main employers of our graduates (private sector)

• Midland Group
• Millennium Capital
• Morgan Stanley
• OTP Bank
• Phoenix Capital
• Princeton Partners Group
• Raiffeisen Bank Aval
• SARS
• SigmaBleyzer
• Troika Dialog
• VAbank
• UkrSibbank
• UniCredit

• 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

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Main employers of our graduates (private sector)

• 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 11
• Tetra Pak
• Ukrtransnafta

• Strategic Consulting
• Bain Company
• Boston Consulting Group
• Roland Berger Strategy Consultants
• Audit
• Deloitte
• Ernst Young
• KPMG
• PricewaterhouseCoopers

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Main employers of our graduates (Public sector)

• 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

• 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

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Main employers of our graduates (Public sector)

• 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

• International Organizations
• European Bank for Reconstruction and Development
  (EBRD)
• International Finance Corporation (IFC)
• International Monetary Fund
• United Nations Development Program
• World Bank

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Positions that our graduates occupy

• Vice President
• Chief Economist
• Deputy Director
• Head of Research
• Chief Consultant
• Financial Analyst
• Research Associate
• Assistant Professor

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KSE Public Lectures
From left to right Dr. Robert Engle (Nobel Prize
2003), Dr. Francis Fukuyama and Victor Pinchuk
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KSE Public Lectures
From left to right Colin Powell (Former US
Secretary of State) and Victor Pinchuk
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Our Students and VIP-Persons
James Wolfensohn with our students
Victor Pinchuk, with our students
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Our Students and VIP-persons
Vitaliy Klichko (right) and our student (left)
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Our Students and VIP-persons
Svyatoslav Vakarchuk and Andriy Shevchenko with
our students
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Houston MA Degree
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Admission Exams

• The criteria for admission include meeting a
  minimum score on the KSE General Admission Test
  which consists of three parts - mathematics,
  economics and English. An overall score,
  including interview results, will be assigned to
  each applicant who has been admitted to the
  interview.
• Maximum number of points an applicant can receive
  is 100, among which
• KSE General Admission Test 70 points. Out of
  which
• - Economics Part 30 points- Mathematics
  Part 30 points- English Language Part 10
  points
• Interview 30 points

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KSE admission requirements

• Admission to the KSE is based on merit and is
  open to any citizen of Ukraine, Belarus and
  Moldova who meets the basic eligibility
  requirements
•  Completed specialists or bachelors degree
•  Proficiency in English
•  Strong mathematical skills
•  Submission of required documents for admission
  by the specified deadline
• A prior specialization in economics is not
  essential.

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How to apply to KSE?

• Deadline for receipt of the applications is June
  28, 2010.
• The KSE General Admission Test and interviews
  will be held in Kyiv on July 5-7, 2010.
• All information is available online
  www.kse.org.ua

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Visit our web site

• www.kse.org.ua