Call for Applications, ISET’s Master’s Degree in Economics 2018

The International School of Economics at Tbilisi State University (ISET) accepts online applications for its highly-prestigious Master's Degree Program in Economics. Azerbaijani applicants are offered:


  • Scholarships, covering the full or partial cost of tuition
  • Living stipends
  • Free housing for the entire duration of studies in Tbilisi
  • Possibility of internships and/or semester abroad in Europe
  • Summer internships/job placements in Azerbaijan
  • Placement in top PhD programs in the US and Western Europe


All Azerbaijani students accepted into the Master's program will be invited to study tuition-free during the first miniterm (8 weeks in September-October 2018). 


All students accepted into the Master's program without a strong background in Economics, Mathematics and Statistics will have an opportunity to take part in a Summer Course covering key topics in these subjects to prepare for their studies at ISET (3 weeks in August 2018).


Applications for admission in fall 2018 are accepted online ( until April 30, 2018.  Admission exams in English and mathematics will be conducted in Baku in early May, 2018.  


ISET’s curriculum mirrors the best programs in the US and Western Europe, and is taught all in English by international professors. Students entering ISET in 2018 can choose to participate in Applied Concentrations, such as: Energy and Environment, Social Policy, Agricultural Economics, Macroeconomic Policy and Private Sector Development, and are given the flexibility to design an individual study plan preparing them for professional careers in public policy, banking and financial analysis.  

Very strong emphasis is laid on helping Azerbaijani students with placement in top PhD programs in the US and Western Europe.  ISET is extremely proud of its success in placing graduates in the most prestigious departments around the world: Chicago, NYU, Caltech, Stanford, UPenn and PennState, Leicester, Warwick and McGill, among many others.  Thirty-four ISET graduates are currently enrolled in PhD programs in the United States and Western Europe, all receiving full scholarships and stipends.

About ISET: Established in 2006, ISET is sponsored by a consortium of prominent international donors, including BP, the CERGE-EI Foundation, the Government of Georgia, the Norwegian Ministry of Foreign Affairs, Open Society Foundation, Swedish International Cooperation Agency, US Agency for International Development, and the World Bank. It is the only institution in the South Caucasus offering an international-caliber Master’s Program in Economics. From a total of 316 ISET graduates, all are currently employed or studying abroad. ISETers hold leading analytical positions in the National Banks and ministries in all three South Caucasus countries and study in PhD programs.

Applications and further information are available online:

Contact person:

Maya Surguladze

Tel: +995 (322) 507 177 ext.104