World-Class EconomicsEducation and Research in Ukraine

KSE Founders:

• Economics Education & Research Consortium (EERC)

• The Victor Pinchuk Foundation

EERC Contributors

• Citigroup Foundation• Chumak Ukraine • Dragon Capital • Eurasia Foundation • Industrial Union of Donbas • ING Bank Ukraine • Interpipe Group • Kraft Foods Ukraina • Kytasty Foundation• National Bank of Ukraine

• Norwegian Ministry of Foreign Affairs

• Open Society Institute • Soyuz-Victan• Starr Foundation • Swedish Ministry for

Foreign Affairs • System Capital

Management • TAS Kommerzbank • Tetra Pak Ukraine • US Embassy to Ukraine • World Bank • EERC Faculty and Alumni

EERC MA program

As an international consortium of donors, 10 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)The mission of EERC is the following:– to create a new generation of economists– to create a sustainable local capacity for economic research and

education

EERC Advisory Board

• Professor Anders Åslund, Institute for International Economics, USA

• Professor Robert Baldwin, University of Wisconsin, USA• Professor Larysa Krasnikova, National University “Kyiv-Mohyla

Academy”, Ukraine• Professor Peter Kennedy, Simon Fraser University • Professor Paul Gregory, University of Houston, USA• Professor Joseph Pelzman, George Washington University, USA• Professor Irwin Collier, University of Berlin, Germany• Professor John Earle, Central European University, Hungary

EERC Board of Directors• Anders Åslund, Co-Chair; Institute for International Economics• Regina Yan, Co-Chair; Eurasia Foundation• Francois Bourguignon, World Bank• Vyacheslav Brioukhovetsky, National University “Kyiv-Mohyla Academy”• Oleksandr Chalyi, President’s Secretariat• Richard Ericson, Chair of the IAB-Russia; East Carolina University• Thomas Eymond-Laritaz, the Victor Pinchuk Foundation• Paul Gregory, Chair of the IAB-Ukraine; University of Houston• Natalia Izosimova, System Capital Management• Volodymyr Makhukha, Ukraine’s Minister of Economy• Sten Luthman, Swedish Ministry for Foreign Affairs• William Newton-Smith, Higher Education Support Program, Open Society

Institute • Lyn Squire, the Global Development Network• Yuriy I. Yekhanurov, Member of Parliament

EERC Corporation! ☺

KSE background

“10 years after the start of the EERC Master’s Program in Economics, the EERC Board of Directors is convinced that it is time not only to celebrate the past successes and achievements, but also to think about the future, and to outline a strategy which will allow the EERC MA program to enter a new phase, through transformation from an MA program into a school, the Kyiv School of Economics (KSE).”

EERC New Strategic Orientation, June 14, 2006

The Kyiv School of Economics will become:

• an internationally recognized Centre of Excellencethat 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 Ukraine.

• Financially stable: in addition to support from international donors, the Victor Pinchuk Foundationcommits to support KSE with 10 million dollars for 10 years.

KSE VIP-persons

The Honorary Chairman of the Kyiv School of Economics: Victor Pinchuk (www.pinchukfund.org)

• Co-Chairs of the KSE Board of Trustees:Anders Åslund (Peterson Institute for International

Economics) and Regina Yan (Eurasia Foundation)

• KSE Director: Dr. Tom Coupé

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 lecture (among recent visitors, Francis Fukuyama and Robert Engle – Nobel prize winner 2003).

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

What is special about KSE?

• KSE will provide unique training in economics modelling and analysis

• KSE will have concentrations in:– Financial economics– Economic policy– Firms & market structure

• In the near future KSE plans to open additional MA programs in other fields.

KSE Professors:• Tom Coupé, PhD, Free University of Brussels • Larysa Krasnikova, Candidate of Economic Sciences, Institute of

Cybernetics• Irina Lukyanenko, Doctor of Economic Sciences, Kyiv National

Economics University• 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 • Volodymyr Shportyuk, Candidate of Physical and Mathematical Sciences,

Kyiv State University• Hannah Vakhitova, Ph.D., University of Kentucky• Olesia Verchenko, Ph.D. Candidate, University of Virginia• Andriy Zapechelnyuk, Ph.D., Stony Brook University• Valentin Zelenyuk, Ph.D., Oregon State University

KSE Visiting Professors• Several special courses at the KSE will be taught by

visiting professors, among others:– Irina Akimova (BEST)– Roy Gardner (Indiana University)– Hartmut Lehmann (University of Bologna)– Edilberto Segura (SigmaBleyzer)– Mark Schaffer (Heriot-Watt University)– Bent Sorenson (University of Houston)– Aleh Tsyvinski (Harvard University)– Seguei Maliar (University of Alicante )– Lilia Maliar (University of Alicante )

KSE CurriculumFirst Year Courses:• Macroeconomics• Mathematics for Economists• Microeconomics• Statistics and Econometrics

Second Year Courses:• Transition Economics• Public Economics• Industrial Organization• Productivity Analysis• Labor Economics • Financial Markets • Emerging Capital Markets• Money and Banking

• Financial Economics I & II• International Economics• Information Economics• Transportation Economics• Development Economics• Game Theory• Agricultural Economics• Environmental Economics

Concentrations (4 courses+thesis)

Financial Economics

Economic Policy Analysis

Firms & Market Structure

Tuition at KSE

• KSE will provide about 30 scholarships for students – best students will be able to study for free (KSE donors cover the costs of education).

• Other admitted students will contribute €2500 per year of education

• Plus: possibly additional scholarships from private donors

• Plus: possibly students will be able to pay deferred tuition (re-pay for education later, when they start working)

KSE is an International School

Our Students come from:

• Ukraine• Belarus• Moldova• South Caucasus (Georgia, Armenia,

Azerbaijan)

KSE opportunities:

• KSE offers great knowledge and skills

• KSE provides great career opportunities:- Public sector (think tanks, government)- Private sector (consulting firms, banks, investment

banks, audit)- International organizations (IMF, World Bank, etc)

Why is modern economics training important?

• It makes it fun + interesting to study• It gives a better understanding of the world, of

business practices and strategy • It provides strong analytical skills which give

you a competitive advantage on the labormarket

Best conditions for study:• free access to Internet and world resources in economics • personal e-mails• free western textbooks• opportunity for paid assistantships and internships• modern comfortable housing • stipend $50 net for first-year students• various internship and assistantship opportunities

Western standards in education:• cooperation with professors• research training• analytical skills• library of modern western books• ‘fresh’ worldview

EERC Graduates: Foundation for KSE

• Total graduates: 335

• Went to study abroad: more than 100 graduates (already obtained a Ph.D. degree: over 20 individuals)

• Current Placement:- Working in government & public sector: 22%- Working in private sector: 51%- Studying at PhD programs abroad: 27%

Results of EERC Alumni QuestionnaireSkills that MA Program gives for future career:· Analytical skills · Knowledge of economics· English language · Working hard· Research skills · Interpersonal, communication and networking skills· Western-style education · Computer skills

Value of this education for current professional status:• 91% of respondents say they wouldn’t be able to achieve their current

professional status without this education

EERC Graduates International

Main Employers of Our Graduates• Chicago Business School• Citibank• World Bank• Ernst & Young • PriceWaterHouse Coopers• Spektor, Sachs & Co.• European Bank for Reconstruction

and Development• International Finance Corporation• International Monetary Fund• United Nations Development

Programme• Institute of Economic Research &

Policy Consulting

• International Centre for Policy Studies

• Hypovereinsbank Ukrayina• Alfa Bank • Bank “Aval”• Foyil Asset Management• Microfinance Bank• Western NIS Enterprise Fund• QBE-Ukraine insurance company• UMC• Parliament of Ukraine• BIZPRO • USAID • Yale University• …and many others☺

Positions that Our Graduates Occupy

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

KSE Public Lecture Series

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

Our VIP Supporters

Yuriy Yekhanurov,EERC/KSE Board member; member of Ukrainian Parliament; Former Prime Minister of Ukraine

Victor Pinchuk,KSE Honorary Chairman with EERC/KSE 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

EERC/KSE Corporate Spirit

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)• KSE will enroll a new class, starting in September

2007

Application Deadline: June 22, 2007.

KSE Admission Requirements

• Specialist's or bachelor's degree (minimum) by the time of graduation from an accredited institution (3rd or 4th level of accreditation) 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