Október - 2019
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                          Information 2019.


            Doctoral School of General and Quantitative Economics

                           Corvinus University of Budapest


Application Information

                                                                                                                                                                         Application Form 

                                                                                                                                                                 2019/2020. Autumn semester

Application Requirements

Application for the PhD programme is subject to having a university level (master) diploma obtained in an accredited course. Only candidates holding a university degree rated good or a university doctorate with designation cum laude may apply for the Programme. (In the case of university students graduating in the academic year 2018/2019 the deadline for presenting degrees is 1 September 2019.) Further admission requirements include very good knowledge of English and type C intermediate language examination certificate. The Doctoral School uses English as the language of instruction, so applicants who do not have an English language examination certificate must provide proof of their English language proficiency in a different way.

Applicants who achieved excellent results in the subjects suiting their chosen specialisation or applicants who were awarded a prize in the given topic at the National Conference of Student's Scholarly Circles enjoy an advantage during the application procedure.

The following documents must be attached to the application form:

-          a copy of the registration course book and the diploma (the original documents must be presented!)

-          language examination certificate, or a request for participating in a hearing aimed at testing language skills (the original documents must be presented!)

-          copies of student competition (e.g. TDK) prizes

-          curriculum vitae

-          presentation of the professional results achieved so far

-          list of publications

-          short research plan (2-3 pages)

-          declaration by the host department and advisor professor (consultant)

-          certificate of paying the application fee

-          two self-addressed envelopes (small and medium-sized)

Application deadline: 30 April 2019

Address: BCE Egyetemi Doktori Iroda

1093 Budapest, Fővám tér 8. (II.233.)


The application form and further necessary forms can be downloaded from the website of the Doctoral School, or they can be collected from the Doctoral Office of the University during opening hours. This is also where the completed forms and application materials must be submitted.


Expected date of admission examination: June 11-13, 2019.

Expected date of admission decision: First half of July, 2019.


The doctoral programme offered at Corvinus University of Budapest has set the objective of promoting coherence with the world's advanced educational systems. It enables participants to prepare for high quality research and educational activities even according to international standards.

Based on international experience, those who successfully complete the programme have numerous attractive career opportunities both at home and abroad. There is a continuously growing demand for economists capable of performing sophisticated analyses not only in the research and education sector, but also at banks, regulatory institutions, international financial, investment and consulting organisations.

The PhD (doctorate) programme in economics was launched in 1993 at Budapest University of Economics, and it was transformed into a Doctoral School in 2001. The Programme is realised in cooperation with researchers of the Hungarian Academy of Sciences (e.g Institute for Computer Science and Control (MTA SZTAKI)), and other institutes. Among the instructors and research workers engaged in regular educational and research consulting duties at the Doctoral School there are regular members and invited members. Currently, the Doctoral School of Economics of Corvinus University of Budapest has the following regular members:



Degree, title


Workplace (Department at Corvinus University of Budapest)

Éva Berde


university professor


Edina Berlinger


associate professor

Corporate Finance

Klára Major


associate professor


Péter Medvegyev

programme director


university professor


János Száz


university professor

Corporate Finance

János Vincze

Head of the Doctoral School


University professor

Mathematical Economics and Analysis

Ernő Zalai



Professor Emeritus

Mathematical Economics and Analysis


There are four main specialisations within the Doctoral School:

General economics (person in charge: János Vincze, university professor)

Financial economics (person in charge: János Száz, university professor)

Operational research (person in charge: József Temesi, Professor Emeritus)

Institutional economics (person in charge: Miklós Rosta, Associate Professor)

The programme organiser in charge of the operative tasks and administration of the Doctoral School is: Marianna Vajda.

The Doctoral School's body with ultimate decision-making authority is the Council of the Doctoral School of Economics.

 The structure of the doctoral programme

The doctoral programme of Corvinus University of Budapest consists of two components: the organised training-research and research-degree obtaining phases, i.e. the study phase (4 terms) and the degree obtaining phase (4 terms).


The procedure aimed at obtaining a doctoral degree involves a complex examination of the knowledge acquired during the doctoral programme, a presentation of the candidates' independent academic work via scientific publications , certification of the prescribed foreign language skills, the presentation and defending of the draft of the dissertation containing the solution of an independent scientific task during a discussion at work, and the presentation and defending of the finished dissertation in an open session.

Regulations relating to the training and research phase

Timetable, schedule and study obligations

Compulsory and optional subjects are taught during the Doctoral School's training programme. If necessary, students may also study “catching-up” subjects, while they also receive comprehensive methodological and professional basic training in the form of subjects that are compulsory for all participants, and then, depending on their chosen specialisation, students may choose further compulsory (specialisation) subjects, and finally they can study alternative subjects aimed at acquiring in-depth knowledge in certain special fields.

At the beginning of each term, the course leader informs the students in writing about the syllabus and examination system of the subjects taught. It is compulsory to attend the sessions regardless of whether the doctoral student has a full-time or part-time status.

The list of the accepted subjects, the number of credits belonging to the individual subjects, the subjects recommended to be completed and the number of credits recommended to be achieved in the individual terms are included in the Term Prospectus.


The languages of instruction are English and Hungarian. 


Individual curriculum – carry-forward

The curriculum also includes the term in which it is recommended to complete the compulsory subjects. It is composed in a way that doctoral students can complete their study obligations in two years. A course commenced but closed unsuccessfully may be carried forward only once based on a consent granted by exercising exceptional equity. Doctoral students may address their questions regarding individual training and individual timetables to the consulting instructor.

Reporting system

Students' performance in the different subjects is evaluated in every case, disregarding the form of training applied in the given subject (i.e. in the case of individual reading programmes supervised by a consultant, and also in the case of a series of lectures and seminars). The conditions for assessment may vary by subject and the applied form of training. In the case of each course, performance is normally evaluated by using a three-grade scale (excellent, passed, failed).


At the end of each year, the head of the programme decides on the basis of the students' overall results (if in doubt, by seeking the opinion of the Doctoral School Council) whether students can continue their studies. 

Part-time training abroad

Doctoral students may participate in part-time training abroad in the second year at the earliest. Doctoral students who have not obtained the required number of credits must complete the courses abroad during their foreign study visit based on prior consultation with the Head of the Doctoral School and in agreement with the head of the specialization and the consultant. In any other case, they must postpone their studies by one year. 

 Complex examination criteria

In the training and research phase doctoral students must complete 120 credits to be able to take the complex examination. The annual schedule of the accounting of credits and its breakdown (study, training, research) is governed by Section 14 of the Doctoral Rules of the University Doctoral Council. The completion of the credits is inspected by the Head of the Doctoral School.

During the training period a total number of 120 credits must be obtained at least, consisting of three components:

·         subject credits (40-60 credits)

·         research credits (at least 40 credits)


·         educational credits (up to 20 credits).

1st study unit: subject credits (40-60 credits)

Courses representing contact hours (lectures, seminars), where students obtain credits by taking an examination (getting a mark).

Number of credits: 3-6 credits per subject, depending on the significance of the subject within the course.

Certifier: course leader, programme director

Students may choose subjects that are not compulsory from the Doctoral School's list of subjects, but – based on the preliminary approval of the Head of the Doctoral School and on the credit value determined by him/her – further subjects suiting the given programme (taught in a different doctoral school or in a graduate course) may also be taken into consideration.

Based on earlier studies, in the case of subjects specified in the curriculum, the Head of the Doctoral School may recognise credits of a certain value.

The internal distribution of the subject credits:

Type of subjects


Compulsory main subjects


Chosen subjects






The syllabus and examination system of the subjects taught is approved by the Doctoral School Council and communicated to the students by the course leader at the end of each term. It is compulsory to attend the sessions regardless of whether the doctoral student has a full-time or part-time status. 

2nd study unit: publications and research (at least 40 credits)

a)    Independent activities (individual studies, independent research work supervised by the consultant). Competence is demonstrated in the form of mid-year tests (reports, research plans). Maximum value that can be awarded per term (in 4 terms altogether) at the Doctoral School of Economics: 5 credits.

b)   Publication activity: credits recognising scientific publication activity of a specified standard. The general requirements relating to the expected professional publication activity and the type of scientific publications, as well as the marking of the publications that can be taken into account are determined in the Regulations of the University Doctoral Council (minimum 10 credits).

c)    Preparing a continuously updated (approved) research plan meeting the prescribed requirements, a total number of 25 credits.

d)   In the case of giving a lecture at the conference of the Doctoral School, doctoral students can be awarded 5 credits, while 1 credit can be awarded for each student contribution.


Accounting of the credits: the amount of the number points awarded in accordance with sections a)–d). 

3rd study units: educational activity (maximum 20 credits altogether)

a) Educational work pre-approved by the programme director of the DS, and regularly supervised by the course leader (e.g.: holding practical training, preparation and correction of tests). The doctoral student may be employed for educational duties for up to 8 hours (4 time-slots) a week on the average of an academic year.

Number of credits: 1 credit per lesson depending on the average number of lessons a week, maximum 10 credits per year.


Doctoral students and doctoral candidates participating in organised training can be obliged to perform educational duties in 2 time-slots a week, for which they receive financial reward. The Council of the Faculty of Economic Sciences (the dean) makes a decision concerning the approval of the educational duties of the students and candidates participating in organised training, on the basis of the recommendation of the heads of departments and the Doctoral School's programme director.

Complex examination

Applying for the complex examination is subject to completing 120 credits and fulfilling the obligations relating to the knowledge of languages. Section 24 of the Doctoral Rules contains the general obligations relating to the knowledge of languages. As a second language, the Doctoral School of Economics accepts all languages at any level, in which an official state language examination can be taken. The detailed rules relating to the complex examination are set out in Section 27 of the Doctoral Rules of the University Doctoral Council. Further specific rules determined by the Doctoral School of Economics:

The complex examination consists of 2 parts: a) a theoretical and b) a dissertation part (see Section 27 of the Doctoral Rules).

ad a) In the theoretical part questions are asked in connection with issues and problems that can be answered and analysed in the knowledge of the subjects of micro- and macroeconomics included in the PhD programme and the most important methodological (econometric) skills used with them. The theoretical examination has two components:

(1)        Written classroom test, where two problems must be solved.

(2)   Oral examination, where comprehensive issues relating to the compulsory subjects must be analysed.

ad b) The Head of the Doctoral School preliminarily designates a rapporteur for every student from the members of the complex examination committee, and the rapporteur asks questions from the candidate on the basis of the 25-30 page essay submitted by the candidate (see Section 27 of the Doctoral Rules).

Students' status


The suspension or termination of the students' legal status is governed by Section 13 of the Doctoral Rules of the University Doctoral Council. After passing the complex examination, students may apply for entering the procedure aimed at obtaining a degree.

Regulations relating to the research and dissertation phase

Research work supervision, consultation

Those taking part in organized training commence their research work with the assistance of their consultant already in the study phase. In the application documents the candidates must determine their research topic and consultant, and the consultants must declare that they undertake to be consultants. The candidates and their consultants have a high degree of freedom in choosing and specifying the research topic. The Head of the Doctoral School is entitled to reject the consultant and find another consultant in agreement with the student, provided that the student is admitted.


The tasks of the consultants and the relationship between the doctoral students and the consultants are described in detail in the Doctoral Rules of Corvinus University of Budapest (Sections 16-19). It is the responsibility of the consultant to guide, supervise and assist the candidate's research work starting by establishing the research plan, and to maintain a working relationship with the candidate according to a jointly accepted timetable, to ask the candidate to report on the progress of his/her research work, any issues or difficulties encountered and how they are handled.

The criteria of submitting the doctoral dissertation 

The general rules of the research and dissertation phase are included in Section 15 of the Doctoral Rules. During the four-term research and dissertation phase, doctoral students carry out research work, publish the results of their research and draw up their draft dissertation for workplace discussion. The doctoral dissertation must be submitted within a period of three years from the start of the research and dissertation phase. A total number of 120 credits must be completed over the four terms. The individual requirements of the Doctoral School of Economics (in line with the University's Doctoral Rules):

a) A minimum of 100 credits must be obtained from research and publication activities (of which a minimum of 40 credits for publications; and 20 credits may be given in the case of a successful workplace discussion).

b) Doctoral candidates prepare an annual report (two years altogether) on the progress of their research, for which the Head of the Doctoral School may award a maximum of 50 credits.

c.       Up to 20 credits may be given for education and the arrangement of education.

  1. Maintaining the state scholarship is subject to the doctoral student completing a minimum of 30 credits per term.


The research and dissertation phase ends with a pre-degree certificate at the end of the eighth active term on the condition that 240 credits have been completed (which also includes the successful defending of the draft dissertation). 120 credits must be obtained in the training and research phase and in the the research and dissertation phase each.

The draft dissertation and its evaluation

The draft dissertation and then the dissertation must be submitted in Hungarian or in English.

In the interest of ensuring the acceptable standard of the dissertations, the University's Doctoral Rules prescribe the professional discussion of the draft dissertation before submitting the final doctoral dissertation. The doctoral students' draft dissertation is a document demonstrating their preparedness and ability as researchers. The general rules relating to the draft dissertation are included in Section 28 of the Doctoral Rules. Below the prescriptions are specified and their application is described.

       During the PhD programme in economics, complete theses that candidates and their consultants find suitable for being defended are accepted as draft dissertations, rather than partly prepared theses. The primary aim of discussing the draft dissertation in public (workshop discussion) is to enable the participants to ask questions, make critical observations and give advice in order to help candidates to prepare their dissertations meeting professional expectations as much as possible, at the highest standard possible.


At the same time, the workshop discussion is also a forum where candidates can introduce themselves to the wider professional community, and where other PhD students can obtain knowledge and learn about the culture of debating; PhD students are expected to participate in these workshop discussions especially when they are in the research phase.

The final dissertation and organising the procedure for obtaining a degree

The submission, defending and evaluation of the dissertations is governed by Sections 29-36 of the Doctoral Rules.

According to the content requirements relating to dissertations, they must convincingly demonstrate that doctoral candidates

·      can recognize, select and formulate relevant and timely economic issues, and have a knowledge of the conceptual skills necessary for their analysis,

·      know the literature concerning the topic and its theoretical and research history, the methods that can be applied, and are able to develop them further and apply them in a creative way, enriching by this the topic with new results,

·      have the necessary interpretation and extracting skills needed for publishing.

The dissertation must include the following:

·      an overview and assessment of the benchmark domestic and international literature concerning the given topic. In the scope of this, candidates are expected to formulate clearly the new scientific results they have reached as compared to the known facts;

·      a presentation of their research methods;

·      an accurate and comprehensible description of the research carried out, an introduction of the field of research with the results achieved by the candidates.


In the programme in economics, the expected extent of the dissertation is normally 120-150 pages without appendices. A dissertation exceeding 150 pages may only be submitted with the prior consent of the programme director. 

Fees and charges to be paid by doctoral students

     The amount of the fees and charges and other expenses to be paid by students is included in Annex 10 to the University's Doctoral Rules.

     Doctoral students on state scholarship are not required to pay a fee for the course, but they are not exempt from the payment of other fees (e.g. special procedural fees or late charges). Upon registration or starting the doctoral procedure, the Doctoral Office informs students about the method of fee payment.

     Doctoral students (former doctoral students) may bring an appeal before the Head of the University Doctoral Council against the wrong determination of the fees within 15 working days after they are communicated. Appeals must be judged within 8 days following submission.

     Fee-paying doctoral students must pay a fee for the entire duration of the training period consisting of 4 terms.

     Doctoral students who fail to fulfil their fee payment obligation and are not granted a moratorium on payments by the university may not enrol for the next academic term.

     If doctoral students fail to fulfil their payment obligations despite being warned several times, they may be suspended from the course, and if they fail to fulfil their obligations without a good reason, they must be excluded from the course. Doctoral students may appeal to the Rector against the above decisions, within 15 days following communication.

     Fee-paying doctoral students who fulfil their prescribed academic obligations above the minimum requirements prescribed for doctoral students on state scholarship may submit a written request to the Head of the given doctoral school before starting the next term and request their status to be changed to grant recipient. Grants can be awarded to the debit of the Doctoral School's remaining grant budget, observing the prescriptions relating to grant recipients.

     Fee-paying doctoral students may be granted support every term on the basis of their applications submitted to the Doctoral School, provided that the specified criteria for application are met, the amount of which may be fifty percent of the fee to be paid. 

Admission conditions and procedure


Applications to the Doctoral School of Economics may be submitted in possession of a university, master or doctorate diploma obtained in an accredited training programme, rated at least good. Upon the expiration of a period of three years after obtaining the diploma, an exemption from the requirement of a good grade may be given subject to providing proof of sufficient research performance. The general rules of the admission procedure are included in Sections 10 and 11 of the Doctoral Rules of the University Doctoral Council.

The admission examination is aimed at assessing the level of theoretical and methodological preparedness as well as the applicants' intellectual capacity and suitability for scientific work. The results of the admission procedure are public, and admission takes place on the basis of the rank of the admission scores obtained on the basis of evaluating three elements:

(a) the written materials to be submitted upon application (maximum 20 points)

(b) the grades of the written admission examinations (maximum 60 points)

(c) complex evaluation based on the oral hearing (maximum 20 points).

ad a) The members of the admission committee evaluate and mark the submitted written materials per person. (Main criteria for evaluation: the examination grades of the subjects within the scope of the given discipline, the topic and evaluation of the degree thesis, scientific activity (e.g. Student's Scholarly Circles), the level of maturity of the research idea, support by the department and the consultant.)

ad b) When inspecting the written tests, the applicants' performance is graded on a percentage scale in respect of each entrance examination subject, and the number of points obtained is represented by the weighted (20% or 16%) amount of the individual percentage results achieved in the specific subjects. Applicants with a result below 50% in two subjects (not satisfactory) are automatically excluded from further evaluation.

Applicants may inspect the result of their written examination before the oral hearing. Any objection against the result of the written examination will be judged by the admission committee.

ad c) After the oral hearing the admission committee determines the applicants' scores reflecting their complex evaluation, and then the applicants' scores are added up. Applicants are ranked on the resulting scale of 100 points and, based on the rank, the admission committee makes a proposal for those admitted and for awarding the scholarships available to the school.

The decision on admission is approved by University Doctoral Council based on the proposal of the admission committee on the basis of the rank of the scores reached. An appeal against the decision on admission may be brought before the Doctoral Council of the University only in the case of deviations from the admission rules laid down herein or in the Doctoral Rules.

Entrance examination subjects in the specialisations of economics, financial economics and operational research:

·         Microeconomics                        

·         Macroeconomics            

·         Mathematics                  

·         Statistics

Exemption: Those who graduated from Corvinus University of Budapest majoring in economic theory mathematical economic analysis or insurance and mathematical finances, if they achieved at least a good grade in the basic comprehensive examinations taken in the given subjects and in the final examination of their major, are exempted from the written examinations in subjects B1-B3. Students who passed the given basic comprehensive examination and the final examination with excellent results will be given 90%, those who passed the basic comprehensive examination with excellent and the final examination with good results will be given 85%. In any other case students will be given 80%. Upon request, however, these students may also take an admission examination in the given subjects, in which case the result achieved in the admission examination will be taken into consideration.

In respect of the institutional economics specialisation an admission examination must be taken in two subjects:

-          Institutional economics

-          Comparative economics.

Upon request applicants will be notified about the result of the written examination before the oral hearing, and they can inspect their examination papers. Any objection against the result of the written examination will be judged by the admission committee. (No appeal lies against other results.) We plan to admit 5-10 persons per year to the Doctoral School.

Requirements relating to the subjects included in the admission procedure

Microeconomics and Macroeconomics

1. Requirements: Sound knowledge of the material of the full-time standard course in microeconomics, macroeconomics and international economics, the application of basic concepts, theoretical correspondences – including correspondences between the above subjects – at the level of proficiency in solving economic tasks.

2. Topics: Consumer and producer behaviour. Analysing market structures. The foundations of the exchange theory. The general equilibrium theory and welfare economics. International trade. Consumption, saving and investment. The Solow Growth Model. The IS-LM model. The AA-DD model. Money and exchange rates.

3. The type of the examination: Solving problems prepared on the basis of the exercises known from the sample problems of microeconomics, macroeconomics and international economics, emphasising correspondences between the different fields.

4. Permitted examination aids: calculator

Mathematics subject group

1. Fundamental principle: The primary focus is not on calculation skills, but rather on the knowledge of the concepts, the relating statements and their use in economics. A smart explanation of the content may even make up for “precise” mathematical formulation.

2. Topics:

Analysis: The elementary concept of relation, preference, continuous function, convex function, the concept of derivative and its contents, elasticity, unconditional extremum, integral (graphic content), derivatives of multivariable functions, multivariable unconditional extremum, conditional extremum (the formulation of the task is enough).

Linear algebra and linear optimisation: Vector space (examples of vector spaces), the basic features of linear maps (matrices), matrix inverse, positive definite matrices (concept and role in the case of extrema), convex set, polyhedron, polyhedral set, linear programming task (through an economic example), duality.

Probability theory: Event space, probability, random variable, expected value, deviation, some important distributions (first of all normal distribution).



1. Requirement: sound knowledge of the material of the 2nd year of the full-time standard course, solving basic tasks at the level of proficiency.

2. Topics: basic concepts, the main tools of data compression, analysing heterogeneous populations, comparison by means of standardisation and index calculation, basic concepts of sampling, estimation theory, statistical hypothesis testing, time series analysis, bivariate and multivariate regression analysis.

3. Type of examination: test questions, solving short tasks requiring minimal calculations, use of tables, interpreting results.

3. Permitted examination aids: book of statistical formulas, calculator.


Institutional Economics and Comparative Economics


Requirements: Students applying for admission are expected to have a basic knowledge of the approach and main theories of institutional economics and comparative economics. During the admission procedure it is examined whether students applying for admission to the Institutional and Comparative Economics specialisation have at least a basic knowledge of the trends in the focus of the specialisation, and whether their interest and commitment is based on real knowledge.

- the economics of transaction costs

- the theory of property rights
- the economics of contracts
- the theory of community decisions
- institutions (formal, informal)
- state-market relations
- economic systems (Varieties of Capitalism)
- system paradigm

The type of the examination: Writing an essay on a cross-cutting issue.

Consultants and topics

The consultants and their topics can be found at the following link:

uni-corvinus.hu/index.php – go to: “Letölthető dokumentumok, hivatkozások” [Downloadable documents and links]



Utolsó frissítés: 2019.09.09.