Applied Economics BA


Applied Economics BA


Economist in Applied Economics


Degree program



Accreditation number



Institute of Economics


Department of Economics




6 semesters (3 years)

ECTS credits


Minimum number of students


Maximum number of students


Short description

Our program offers rigorous training in the methods and main topics of Economics. Building upon the curricula of the best American and European programs and using up-to-date textbooks, our teaching staff has built a carefully crafted and interconnected set of demanding courses with one goal in mind: to turn every student, prepared to put in the necessary work, into an accomplished young professional who can work as an analyst or as a civil servant for government agencies, who can carry on their studies at the M.A. level towards becoming a researcher or a professor, or who can use their skills and competence in any other field from journalism to business to data analysis. Many of our faculty have studied or worked abroad, and we pride ourselves in providing a nurturing environment with small classes and open doors. Our courses range from the obligatory staples (Mathematics, Statistics, Micro-, Macroeconomics, Econometrics) to applied elective courses, usually including hands-on work with data, offered by some of the best research economists of Budapest.

Strength of program

Our program stands out by taking the quality of teaching very seriously, striving to improve and listening to feedback from students; by especially stressing quantitative methods, preparing students for the careers of the future requiring data analysis; by the faculty being involved in a multitude of research projects into areas as diverse as health economics, behavioral economics and education economics that ambitious students can join as research assistants early on; by listening to a network of prestigious peers (including our international advisory board, the Economics faculty of Central European University and some of the most excellent research economists of Hungary) as well as the growing cohorts of our loyal alumni all over the world; and by close links to a number of internationally recognized institutions that apply Economics in their work including policy think tanks and applied research centers, whose senior researchers often offer elective courses and where our students can work as interns or after graduation.

Career opportunities

When we first designed our undergraduate (ELTECON-BA) program in Economics at ELTE University, we made it a tenet to use the templates of the best such programs in the world, to use textbooks widely used at the best colleges, to provide a quality education not saving our own efforts, to expect students to work a lot, to require them to prove they did and to give a lot of consideration to what skills arm them best for their career. Our ambition for excellence seems to have been validated by the placement of our alumni so far.

92% of the first three cohorts of the alumni of our BA program went on to MA-level studies, 55% of them studying for a degree in Economics at universities accredited outside of Hungary, at high-prestige competitive schools like New York University (NYU), London School of Economics (LSE), Barcelona Graduate School of Economics, Universitat Autonoma de Barcelona, Universidad de Alicante, Institut für Höhere Studien (IHS), Universidad Carlos III, Vrije Universiteit Amsterdam, University of St. Gallen, Tilburg University and Central European University (CEU). We are proud that our alumni have performed well in these programs, several of them scoring at the very top of their class.

Some of our BA alumni chose other, related, subjects than Economics proper for their graduate studies, for instance, at Universitat Pompeu Fabra (MA in Cognitive Science), at Københavns Universitet (MA in Agricultural Economics), at the Glasgow Business School; others were employed right out of school at well-known companies like MOL, a Magyar Telekom (a subsidiary of Deutsche Telekom), or the insurance giant Allianz.

Job examples

What could better illustrate different potential career opportunities than a few examples of our former students?

Let's see the main stages of their individual career paths, that all began with the ELTECON-BA program:

International academic career examples

ELTECON-BA -> Universitat Autonoma de Barcelona, MA in Economics -> New York University (USA), PhD in Economics

ELTECON-BA -> Institut für Höhere Studien (Wien, Austria), MSc in Economics-> New York University (USA), PhD in Economics

International applied career examples

ELTECON-BA -> London School of Economics, MSc in Economics -> NERA Economic Consulting (London, UK)

ELTECON-BA -> Barcelona Graduate School of Economics, MSc in Economics -> Frontier Economics (London, UK)

ELTECON-BA -> Central European University MA in Economics -> Vrije Universiteit Amsterdam, MA in Spatial, Transport and Environmental Economics -> (Amsterdam, Netherlands)

Research career example in Hungary 

ELTECON-BA -> Central European University, MA in Economics -> Economics Research Institute of the Hungarian Academy of Science, research assistant

Analyst career examples in Hungary

ELTECON-BA -> ELTECON-MA -> Hungarian National Bank

ELTECON-BA -> Central European University, MA in Economics -> Budapest Institute for Policy Analysis, junior analyst

EU/EEA students
non-EU/EEA students
Tuition fee/semester

800 EUR

2400 EUR

Application fee

50 EUR

50 EUR

Registration fee



Other costs



non-EU/EEA students
Tuition fee/semester

2400 EUR

Application fee

50 EUR

Registration fee


Other costs


Offered for the next academic year


Start program

05, Sep, 2021

Deadline for applications - September intake
Is there a February intake


Admission requirements

Entry requirements

1. Basic mathematics: graphs and properties of functions, system of equalities and inequalities, logarithm rules, power rules, basics of analytical geometry

2. Students' reading skills should be at a level where they can locate and organise several pieces of deeply embedded information, inferring which information in the text is relevant.

Language requirements

Certification of English knowledge (both written and oral): IELTS Score: 5.5 or TOEFL IBT Band: 46-59 or Cambridge English Scale Score: 162.

If the applicant is unable to prove their knowledge of English with any of the above certifications, he or she must participate in a Skype interview or attend a prearranged interview (either in Hungary in person or on an on-the-spot admission abroad) organized by the Faculty and/or its delegates. The interview also seeks to assess the general and professional knowledge and interest of the applicant. Any letter of acceptance issued by the Faculty of Social Sciences is based on the verified fact that the applicant's command of English has been assessed; therefore, they are considered eligible to pursue their higher studies at the institution. If the applicant can prove that they competed their former education in entirely in English by submitting a notarized attestation and a detailed academic transcript, no proof of language knowledge will be required throughout the admission process.

Documents to submit with application
Document Comment
Application form -
Record of the final two years in secondary school -
Secondary school certificate -
Copy of the main pages of the passport needs to be valid
Copy of application fee transfer -


Application procedure

The application starts on the online application system. Students need to register in the system, fill in the online application form, upload the required documents and follow the instructions during the application process.

Procedure of the entrance examination

The oral entry (Skype) interview has two parts. The department verifies the applicant’s 1) basic mathematical skills 2) reading comprehension skills.

1) In the first part of the interview the applicant has to solve a few mathematical problems in the thematic areas enumerated below.

2) In the second part of the interview the applicant has to read a short text (typically a newspaper article or a web post) with economic content. Afterwards he or she has to summarize the article and answer a few questions concerning the text.

Required thematic areas in Mathematics:

  • Sets, operations with sets
  • Real numbers, rational numbers, integer numbers
  • Operations with numbers (including fractions):
    • addition
    • subtraction
    • multiplication
    • division
    • power
    • exponent
    • logarithm
    • basics of trigonometry
  • Equalities, inequalities
  • Functions:
    • formula, domain, range, graph
    • logarithmic function
    • power functions (parabolic and hyperbolic curve etc.)
    • exponential function
    • trigonometric functions
  • Analytic geometry (2 dimensional)
    • Vectors, normal vectors
    • formulae for lines, circles and parabolic curves

Based on the results of the applicants and the annual capacity, the faculty decides the lowest accepted score for admission. Besides reaching the lowest accepted score for admission, a successful oral entrance exam is perquisite of getting admitted.

If the applicant fails the oral entrance exam, the application will be rejected.

Program leader

Péter PETE

Program coordinator


Faculty of Social Sciences

Faculty of Social Sciences