Background and project objectives:The wider objective of the project was to enhance the quality and relevance of six existing Master (MA) programmes in Finance in Armenia and Moldova through targeted reforms. The subject of Finance was chosen, as it is a crucial factor for economic development and skilled graduates in this field are coveted by the business community and the public sector alike. At the same time studies evidenced a need for reforms with regard to contents, teaching methodologies and the labour market relevance of study programmes. Against this background the specific project objectives were: 1) To reform six existing MA curricula in Finance taking into account the latest international developments in the subject area; 2) To promote the quality and relevance of the MA programmes through the development of updated and new course materials; 3) To further develop the competences and skills of teaching staff through training courses in innovative teaching methodologies and current topics in Finance; 4) To increase the alignment of the MA programmes with labour market requirements. The following core outputs and results were produced during the implementation:- 6 specific guidelines for the reform of the MA programmes; - 6 reformed curricula in Finance (for 109 students in the first cohort and 110 students in the second cohort); - Updated and newly developed teaching materials (48 courses); - 2 intensive training courses for university teachers (48 trained teachers); - 6 career guidance events for students (in cooperation with labour market representatives); - Regular internal and external quality control reports on the outputs/results; - 6 sustainability strategies for the reformed MA programmes; - A project website; - 4 local dissemination workshops (in total 122 participants); - 2 final exploitation conferences (in total 184 participants); - 16 follow-up cooperation arrangements among the consortium HEIs; - 15 follow-up cooperation arrangements between the Partner Country HEIs and industry representatives from the financial sectors in Armenia and Moldova. Selected impacts of the project:- The quality and labour market relevance of 6 MA programmes in Finance in Armenia and Moldova was increased; - The latest international trends in the subject area were incorporated in the programmes (curricula, courses); - The use of teaching methodologies was diversified (trained teachers, new course materials); - The profile of graduates is better aligned with labour market demands (developed competences, skills); - Enhanced competitiveness of the Partner Country HEIs through reformed MA programmes and outreach activities; - Closer ties between HEIs and industry representatives; - Sustainable cooperation among the consortium HEIs (follow-up cooperation agreements and spin-off initiatives).