Master of Economics

The Master of Economics (MIE) Study Program is one of the Master's Degree programs within the FEB UPN "Veteran" Yogyakarta. The foundation for the educational program is the issuance of permit by the Directorate General of Higher Education (Dirjen Dikti) No. 3186/D/T/2004 dated August 19, 2004, under the name Master of Development Economics (MEP). Based on the Decree of the Director General of Higher Education No. 163/DIKTI/KEP/2007 dated November 29, 2007, the name was changed to Master of Economics. The Master of Economics Study Program is accredited Very Good based on the Decree of the National Accreditation Board for Higher Education No. 774/SK/BAN-PT/Akred/M/VII/2015 dated July 10, 2015.

The world continues to change rapidly with advancements in science and technology. The advent of the Industrial Revolution 4.0 has caused disruptions in certain sectors while creating new job opportunities in others. The future requires human resources that cannot be replaced by robotics—human resources that are creative, innovative, and solution-oriented. Soft skills have a greater contribution compared to technical skills.

The MIE Study Program grows within the campus environment of UPN "Veteran" Yogyakarta, a campus known for its discipline, resilience, and creativity. Character building is a primary characteristic of the national defense campus. Superior character plays an important role in facing current and future competition. The MIE Study Program at FEB UPN "Veteran" Yogyakarta optimizes the students' potential to possess superior character, knowledge, and skills to adapt to challenges in their work environment and era.

 

INFORMATION BULLETIN

Tracer Study of Graduates

 

Press Release: "Development Economics Study Program, Faculty of Economics and Business — Curriculum Evaluation Workshop 2024 and Strengthening the Implementation of OBE-Based Semester Learning Plans"

Yogyakarta, October 14, 2026 — The Development Economics Study Program, Faculty of Economics and Business (FEB), Universitas Pembangunan Nasional “Veteran” Yogyakarta, held a Curriculum Evaluation Workshop on Wednesday, October 14, 2026. The event formed part of the study program’s commitment to improving the quality of higher education through curriculum evaluation and refinement to ensure adaptability to developments in economics, labor market needs, and the competency requirements for graduates at both national and international levels.

The workshop was officially opened by the Dean of the Faculty of Economics and Business at UPN “Veteran” Yogyakarta, Prof. Dr. Januar Eko Prasetio, S.E., M.Si., A.K., CA., ASEAN CPA., MPA. The event was attended by all faculty members of the Development Economics Study Program, students, alumni, and various stakeholders. The participation of these groups reflected the importance of collaborative engagement in evaluating the quality of educational delivery and ensuring that the curriculum meets academic requirements and responds to developments in the professional world.

The workshop focused on evaluating the currently implemented 2024 Curriculum, including a review of its structure, course content, Graduate Learning Outcomes (Capaian Pembelajaran Lulusan/CPL), and teaching and learning strategies. The evaluation aimed to identify aspects that should be maintained, strengthened, or refined to ensure that the curriculum remains relevant to developments in development economics and the competency requirements for graduates.

One of the key agenda items was the development of English-language Semester Learning Plans (Rencana Pembelajaran Semester/RPS) based on Outcome-Based Education (OBE). This initiative represents a strategic step toward strengthening the implementation of the 2024 Curriculum through learning plans oriented toward measurable learning outcomes. The OBE approach emphasizes alignment among Graduate Learning Outcomes (CPL), Course Learning Outcomes (Capaian Pembelajaran Mata Kuliah/CPMK), learning materials, teaching methods, and assessment systems. Accordingly, the learning process focuses not only on delivering course content but also on ensuring that students achieve the expected competencies.

The development of English-language OBE-based Semester Learning Plans also forms part of the study program’s efforts to strengthen the internationalization of education. The use of English in instructional documents is expected to support international academic collaboration, student and faculty mobility, and the utilization of internationally recognized literature and learning resources. This initiative may also provide a foundation for developing international classes and various forms of educational cooperation with partner universities.

In the context of the 2024 Curriculum evaluation, preparing English-language OBE-based Semester Learning Plans involves more than simply translating documents into English. The process also provides an opportunity to review the quality of instructional planning, the precision of learning outcome formulations, the alignment of teaching methods and assessment instruments, and the relevance of course materials to graduate competency requirements. The evaluation findings are expected to inform improvements to instructional documents, making them more systematic, measurable, and focused on student learning outcomes.

The involvement of students, alumni, and stakeholders provided valuable perspectives for the evaluation process. Student feedback can serve as a basis for reflecting on learning experiences, while insights from alumni and stakeholders help assess the relevance of graduate competencies to labor market requirements and developments in the economic sector. Faculty members also play a crucial role in ensuring the academic soundness of course content, alignment with developments in the discipline, and the application of teaching methods that support competency attainment.

Through this Curriculum Evaluation Workshop, the Development Economics Study Program at the Faculty of Economics and Business, UPN “Veteran” Yogyakarta, reaffirmed its commitment to the continuous improvement of educational quality. The evaluation of the 2024 Curriculum and the development of English-language OBE-based Semester Learning Plans are expected to serve as concrete measures to strengthen the quality of the learning process, enhance graduate competitiveness, and support the development of a study program aligned with higher education quality standards and a global perspective.

Through collaboration among faculty members, students, alumni, and stakeholders, the Development Economics Study Program is expected to continue developing a curriculum that remains relevant to contemporary challenges while producing graduates who are competent, adaptable, and capable of making meaningful contributions to inclusive and sustainable economic development.

 

Press Release: "Faculty of Economics and Business at UPN “Veteran” Yogyakarta and Ming Chi University of Technology, Taiwan, Strengthen Collaboration for Impactful and Sustainable Community Empowerment"

Yogyakarta, October 5, 2026 – The Faculty of Economics and Business (FEB) at Universitas Pembangunan Nasional “Veteran” Yogyakarta welcomed an academic delegation from Ming Chi University of Technology (MCUT), Taiwan. The delegation, comprising two faculty members and 17 students, participated in a workshop on Monday, October 5, 2026, to exchange best practices in community engagement between UPN “Veteran” Yogyakarta and MCUT. The workshop was attended by faculty members and students from six study programs within FEB and explored how higher education institutions can deliver meaningful and sustainable impacts through community empowerment initiatives.

During the workshop, Prof. Jau-Rong (Kelly) Chen, Head of University Social Responsibility at MCUT and Director of the International Master of Business Administration (IMBA) program, delivered a presentation entitled “From Research to Impact: Building Sustainable Academic Collaboration between Taiwan and Indonesia.” She introduced the Sanxia Living Lab, a sustainable collaborative platform connecting faculty members, students, and local partners. The initiative has reached more than 4,351 participants through 120 activities, including 986 international participants and 1,041 community members. This approach is implemented through the PLACE learning model, which stands for Place-based Learning, Local Cultural Immersion, Action-oriented Collaboration, Cross-cultural Communication, and Experiential Reflection. The model connects research, classroom learning, and community-based practice in a continuous improvement cycle informed by feedback from local partners.

Representing UPN “Veteran” Yogyakarta, Dr. Avido Yuliestyan presented a community engagement management model that integrates faculty community service grants with the university's student community service program, known as Kuliah Kerja Nyata (KKN). Faculty grants provide equipment and technical expertise, while multidisciplinary KKN teams contribute time, on-site engagement, and daily assistance. For example, in Wonokromo Village, Wonosobo, an organic waste shredding machine was integrated with composting activities and black soldier fly (BSF) maggot cultivation. The initiative was supported by standard operating procedures (SOPs), training, and the involvement of local operators to ensure that the system would remain operational after the students returned to campus.

Collaborative Community Engagement in Wukirsari Village

The program continued with a collaborative community engagement initiative in Wukirsari Village, Imogiri, Bantul, on October 8, 2026. The activity was organized by the international team of the Department of Management and involved the MCUT delegation and students from three study programs within FEB.

Wukirsari is one of the villages supported by the Faculty of Economics and Business. During the second semester of the 2025/2026 academic year, the undergraduate Management Study Program also implemented the Merdeka Belajar Kampus Merdeka (MBKM) Village Development Program in the village. Ten students participated in the program, spending one semester learning and engaging directly with the local community. Through this initiative, students could earn academic credits equivalent to 12–20 semester credit units (SKS).

According to the Head of the Department of Management, Dr. Titik Kusmantini, S.E., M.Si., the Village Development Program has generated several valuable outcomes for local partners. These include assistance with digital marketing, the development of an application-based database, and a draft intellectual property publication documenting the batik motifs in the collection of the Giriloyo Hand-Drawn Batik Association.

Safina, Head of the Village Development Program, explained that the database of batik motifs and their philosophical meanings was developed to educate both domestic and international tourists. By simply scanning the barcode attached to each piece of fabric in the association's showroom, visitors can access information about the artisan who created it, its price, production time, and the name and philosophy behind the batik motif.

Asri Sekar Firdaus, S.M., M.Sc., Head of the Undergraduate Management Study Program, added that partner villages provide students with opportunities to identify local potential and challenges while developing solutions in collaboration with community partners.

On the same occasion, Dr. Titik Kusmantini, S.E., M.Si., representing the community engagement team, presented the initiative entitled “Empowering Batik SMEs through Lean Six Sigma at the Giriloyo Hand-Drawn Batik Association, Wukirsari, Bantul.” As the principal investigator of the 2026 Internal Community Service Grant, she handed over personal protective equipment (PPE), including rubber boots, rubber gloves, and rubber aprons, for artisans to use during the pelorodan process, in which wax is removed from dyed batik fabric.

The equipment is intended to improve artisans' occupational safety while supporting a redesigned working environment that is more ergonomic, safer, and conducive to faster production workflows. Another component of the community engagement initiative involved educating artisans on process flow diagrams and the various stages of batik production. The training helps them identify bottlenecks and activities that do not add value, as well as collaboratively develop solutions and follow-up measures to mitigate production-related challenges.

The activities reinforced a central message shared by both speakers: meaningful community empowerment emerges from sustained collaboration, is rooted in local needs, and involves community partners from the outset.

During their visit to Yogyakarta from October 3 to 10, 2026, the MCUT delegation participated in a series of collaborative activities. Prof. Januar Eko Prasetio, S.E., M.Si., Akt., expressed his hope that the two institutions would pursue further collaboration in the future. Potential initiatives include comparative case studies on local development, joint student projects involving participants from both universities, and faculty exchanges to advance collaborative research and teaching.

 

New Student Admissions for the Master of Economics Study Program for the 2025/2026 Academic Year

 

Curriculum Redesign Initiative

On Thursday, September 12, 2024, the Faculty of Economics and Business at Universitas Pembangunan Nasional "Veteran" Yogyakarta (FEB UPNYK) held a workshop focused primarily on redesigning the curriculum for the Master of Economics program (MIE). The event took place at Grand Rohan Hotel, D.I. Yogyakarta.

The workshop invited Dr. Sri Susilo, Secretary of the Indonesian Economics Scholars Association (ISEI) Yogyakarta Branch, as a representative of the professional association. The event was also attended by the Dean of FEB UPNYK, Dr. Januar Eko Prasetio, the Head of the Economics Department FEB UPNYK, Dr. Diah Lutfi Wijayanti, the Head of the MIE Program FEB UPNYK, Dr. Joko Susanto, and several MIE faculty members, including Prof. Didit Welly Udjianto, Dr. Sultan, and Dr. Achmad Syarifudin.

Additionally, the workshop was attended by several stakeholders, graduates' employers, and MIE alumni, including the Compliance Director of BPD DIY Bank, Dian Ariani S.E., M.M., who represented professional faculty members.

According to Dr. Januar, "Redesigning the curriculum is a mandatory activity for the MIE UPNYK program and must involve stakeholders, graduates' employers, alumni, faculty members, and students."

In response to the event, Dr. Diah Lutfi stated that one of the goals of redesigning the curriculum is to prepare for the MIE program's reaccreditation. In this preparation, Dr. Sri Susilo mentioned that "The new curriculum must at least consider several internal and external factors."

According to her, internal factors include the availability of resources, such as faculty members and supporting infrastructure. External factors include market demand, government regulations, and technological advancements. The redesign must involve alumni employers, alumni, professional associations, faculty members, and students.

She stated that the MIE UPNYK curriculum is already market-oriented. The MIE program has prepared courses that align with market needs and available resources.