MEP FEB UGM :: Committed to Development
About UGM


The Master Program in Development Economics applies the semester system which consists of two semesters in a year. To obtain a title M.Ec.Dev. from MEP, students must complete at least 39 credits. These credits consist of 18 credits for tools and core expertise courses, 12 credits for concentration in optional courses and 9 credits for Seminar Strategy Research (hereafter SSR) and thesis. In this system, course with 3 credits equivalent to 3 x 50-minute face to face meeting in each week during 18 weeks effective meeting includes mid and final semester exam

1 Microeconomics I
2 Macroeconomics I
3 Mathematics for Economics
4 Statistical Foundation for Econometrics
5 Management and Financial Reports


The Master Program in Development Economics prepares students to be reliable and ethical economists, fulfill the demands of the industrial world, and have a regional, national and global conception. Graduates of this program can pursue careers as analysts, planners and policy makers in corporations and other institutions both private and government. Currently the Master Program in Development Economics offers 7 concentrations on the following lists:

  • Regional Planning and Development
  • Regional Financial
  • Agro maritime Rural Economics
  • Financial Economics and Banking Management
  • Taxation Economics
  • Asset Management and Property Valuation
  • Asset Management and Business Valuation

The Curriculum:

A. Core Course
1 Microeconomics II
2 Macroeconomics II
3 Development Economics
4 Analysis of Financial Report
5 Analysis of Regional Financial Report
6 Financial Management
7 Element Properties
8 Element Properties Valuation
9 Natural Resources and Environment Economics
B. Tools Course
1 Applied Economics
2 Research Methods:
  • Before Midterm Exam : Scientific Writing
  • After Midterm Exam : Analysis Tools
The Material:
1 Applied Econometric
3 Qualitative Methods: FGD, In-Depth Interview
4 Statistical Analysis
5 Research Design: A Case Study
6 Time Value of Money
C. Concentration Course
1 Regional Planning and Development:
  • Development Planning and Budgeting
  • Development Funding
  • Local Government Accounting
  • Regional Financial Management
3 Financial Economics and Banking Management:
  • Management of Banks and Non-Banks
  • Investment Analysis and Portfolio
  • Risk Management
  • Central Banking
4 Agro maritime Rural Economics:
  • Maritime Economics
  • Agribusiness Economics
  • Management of Small, Medium Enterprises
  • Community Empowerment Strategies
5 Taxation Economics:
  • State Public Finance
  • Taxation Accounting
  • Indonesian Taxation
  • Taxation Management
6 Asset Management and Property Valuation:
  • Property Regulations
  • Valuation Regulations
  • Urban and Land Economics
  • Asset Management
7 Asset Management and Business Valuation:
  • Capital Market Regulations
  • Portfolio Theory and Investment Analysis
  • Asset Management
  • Business Valuation

Seminar Strategy Research

Research Strategy Seminar consists of 3 credits. Students must attend at least 2-3 SSR, scheduled by thesis provision which has been approved. For students to the ongoing SSR III yet the thesis has not been approved, should take 3 SSR. The score will be entered on the student transcript.


Thesis consists of 6 credits, and should be done on the last semester by conducting research about topic which is compatible with the concentration.