About the Program

Each year, ISET enrolls up to 60 students from throughout the region and internationally. The program of study includes a major research component. In their second year at ISET, students may choose to specialize in a specific sub-field of economics. They can join different concentrations. Alternatively, they can design an individual study plan focusing, for example, on international economics, macroeconomics, money and banking, financial economics, or labor markets and social policy.

In addition to regular coursework, students in a particular concentration go through summer internships and conduct writing projects on topics of relevance to their field of study.

From a total of 316 ISET graduates, 100% 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 Ph.D. programs at Stanford University, University of Chicago, New York University and University of Pennsylvania, among others.

“Third Year Program” with ISET and the ISET Policy Institute (ISET-PI) provides a few top ISET graduates with the opportunity to apply to top Ph.D. programs with the full support of ISET’s senior international faculty. While senior professors write strong support letters, ISET covers the cost of standardized tests, such as the GRE and TOEFL, and reimburses all application fees and postage costs. As “third year students,” graduates have the opportunity to conduct their own research, work with ISET-PI on interesting policy projects, contribute to the ISET Economist blog,  and take online math classes to get ready for the “boot camp” experience awaiting them in the US or Europe.  

Every year, up to 20 of our graduates receive Teaching Fellowships from the CERGE-EI Foundation to teach undergraduate economics courses at partner universities in Georgia, Armenia and Azerbaijan. These Teaching Fellowships allow ISET graduates to earn a competitive salary while gaining professional experience as economics teachers and giving back to their communities. All Teaching Fellows receive intensive pedagogical training in Prague.

Graduates receive a Master of Arts in Economics diploma from ISET, which is recognized by the World Bank as one of five "centers of excellence" in economics education and research in Eastern Europe and the Former Soviet Union. While it is the only institution of its kind in the South Caucasus, ISET is not alone when it comes to Eastern Europe and the former Soviet space. A small family of teaching and research institutions that propagate and practice modern economics includes the Moscow-based New Economic School (www.NES.ru) and the Kyiv School of Economics (www.KSE.org.ua). ISET is a part of an academic network created and coordinated by the Stockholm Institute of Transition Economics (SITE).


16, Zandukeli St,
0108 Tbilisi,

Telephone: (+995 32) 250 71 77
Email: info@iset.ge