Study Programmes Details

The Master of Economics program offers advanced training in economic theory, quantitative methods, and policy analysis, preparing graduates to address complex economic issues and make significant contributions in academia, industry, and government. This interdisciplinary curriculum combines rigorous theoretical foundations with practical applications.

Curriculum

Semester 1 & 2:

Modules:

Microeconomic Theory

• In-depth study of consumer and producer behavior
• Analysis of market structures and strategic interaction using game theory

Macroeconomic Theory

• Examination of economic growth models and business cycle theories
• Exploration of monetary and fiscal policy impacts on the economy

Mathematical Economics

• Application of mathematical techniques to economic problems
• Topics include optimization, differential equations, and economic modeling

Econometrics

• Regression analysis and hypothesis testing for economic data
• Time series analysis and advanced econometric methods

Public Economics

• Analysis of government expenditure and taxation policies
• Study of public goods, externalities, and welfare economics

Development Economics

• Theories and policies related to economic development
• Examination of poverty, inequality, and development interventions

Semester 3 & 4:

Modules:

International Economics

• Theories of international trade and finance
• Analysis of exchange rates, balance of payments, and global markets

Industrial Organization

• Study of market structures, firm behavior, and competition policy
• Topics include monopoly, oligopoly, and antitrust regulations

Labor Economics

• Analysis of labor supply and demand, wage determination, and employment
• Examination of labor market policies and their effects on the economy

Financial Economics

• Study of asset pricing models, financial markets, and investment strategies
• Analysis of risk management and financial instruments

Advanced Microeconomic Theory

• Further exploration of microeconomic principles and applications
• Topics include general equilibrium, welfare economics, and information economics

Economics of Innovation

• Study of the role of innovation in economic growth
• Analysis of innovation policies and their economic impacts

Semester 5 & 6:

Modules:

Environmental Economics

• Examination of economic issues related to the environment
• Topics include resource management, pollution control, and sustainable development

Health Economics

• Analysis of health care markets and policies
• Study of health insurance, health outcomes, and economic evaluations of health interventions

Behavioral Economics

• Exploration of psychological factors affecting economic decision-making
• Topics include biases, heuristics, and implications for policy

Advanced Macroeconomic Theory

• Detailed study of macroeconomic models and policy analysis
• Topics include advanced business cycle theories and macroeconomic policy design

Electives

• Choose from a wide range of specialized courses to tailor your learning according to your interests
• Potential topics include urban economics, energy economics, and political economy

Capstone Project

• A practical project to demonstrate and apply learned skills in a real-world scenario
• Typically involves research, data analysis, and presentation of economic findings

Requirements

• Bachelor degree in relevant field
• school leaving certificates

For English:

• TOEFL: Minimum score of 90 (Test of English as a Foreign Language)
• IELTS: Score of 6.5 or above (International English Language Testing System)

For German:

• TestDaF: Minimum score of 4 in all four parts (Test Deutsch als Fremdsprache)
• DSH: Level 2 (Deutsche Sprachprüfung für den Hochschulzugang)