About this course
The Master of Science in Economics offers a comprehensive and internationally competitive program in the fields of microeconomics, macroeconomics, public economics, and economic policy as well as quantitative methods. Throughout this program students acquire key skills and qualifications and learn methods that will enable them to work and communicate independently, to critically assess economic findings and to act responsibly. Graduates will be qualified to conduct their own research in certain fields and to develop suitable solutions for complex real-life economic problems.
In addition, the program provides an excellent preparation for a Ph.D. program in economics.
The theoretical and empirical topics of this four-semester program are very demanding. The compulsory Core Area is based on a sound methodological understanding of microeconomics, macroeconomics and econometrics. Having these skills already at the start of the studies is therefore an essential requirement in order to complete the program successfully.
After completing the Core Area, students can specialize in various policy fields or intensify their studies in certain economic fields by choosing elective courses from three fields, namelyEconomic Theory, Economic Policy and Quantitative Methods. One module needs to be chosen from each field of specialization – the remainder may be chosen according to personal interest and can also include studies abroad.
By choosing two modules from the area of Advanced Studies, students have the opportunity to analyze politically and economically relevant topics by writing seminar papers. This will serve as good preparation for the final Master Thesis.
Graduates of the master’s program are particularly well qualified for a leading, planning, analyzing, or consulting profession in sectors related to economics, including national and international organizations, companies, public administrations, associations, chambers, universities and other scientific institutions.
The Master of Science in Economics is aimed at highly motivated students who are interested in an in-depth scientific training in the economic methods of economic policy and economic theory.
- The basic requirement is a German final degree or an equivalent foreign degree that qualifies for a profession (e.g. Bachelor).
- Within previous undergraduate studies, students must have acquired a minimum of 50 ECTS credits in economics and a minimum of 30 ECTS credits in quantitative methods (mathematics, statistics and econometrics).
- Certificate of language skills in English, level: B2 CEFR or higher. Exceptions: Applicants who have a bachelor’s degree from a university where English is the official teaching language and applicants who have been taught English at school for six years or longer.
- Certificate of language skills in German. Exceptions: Applicants who have a bachelor’s degree from a university where German is the official teaching language.
Applicants who are not able to provide a certificate of the final degree of their undergraduate program by May 31st can still apply submitting their current level of academic performance (Transcript of Records) instead. In that case, students must have already acquired two-thirds of the credit points of their undergraduate program as a basic requirement. The Transcript of Records must provide at least 30 ECTS in economics and 20 ECTS in quantitative methods. In the selection process, the average grade of the current level of academic performance will be taken into account. A certificate of the final degree of the undergraduate program must be provided until the end of the first semester of the master program.