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Thank you for your interest in the master's programmes of the WiSo-Faculty.

On this webpages you will find all required information on the Master Economics - you will get a sneak peak into the programme structure as well as all facts about the admission criteria and the selection procedure.

In a nutshell

  • Standard period of study: 4 semesters, full-time
  • Start: Fall term
  • Degree title: Master of Science (M.Sc.)
  • Language: English
  • Fees: Only Social fee
  • Application Deadline: June 15th 2019

Only the best for your career

Graduates find possible fields of employment in specifically economic dominated areas of public institutions like ministries, central banks, agencies, and public authorities (like antitrust divisions or regulatory authorities), European institutions (like the European Commission) or international institutions (like the OECD, IWF or World Bank). Additionally, universities and research institutes as well as economic departments of private institutions (banks, consulting agencies, larger industrial corporations, organisations or the media) offer jobs for economists. Moreover, graduates of this programme are especially in demand in other areas of the private sector (like consulting agencies, investment banking or corporations of the network industry). The M.Sc. Economics at the WiSo-faculty of the University of Cologne widens ýour knowledge gained in your bachelor studies and makes you an expert in your respective area. For many managing positions of different industries and for certain professions in research and teaching, a master is indispensable.


Most of our courses are offered in English language. Therefore, it is possible to apply without knowledge of German language and to complete you master's degree in English. For our Master of Science in Economics, a large number of different nationalities interested in studying apply. Thus, we ensure you to study in an international as well as intercultural environment. We maintain cooperation with more than 130 partner universities throughout the world, so it easy for you to go a semester abroad. Alternatively, you can take part in one of our study tours or other short programmes. More information and offers can be found at international.wiso.uni-koeln.de.

Double degree option

In addition to our regular master’s programme, students have the option to study the Double Master’s Programme in Economics in cooperation with Keio University. Students of the international study programme spend one year at the WiSo Faculty and one year at Keio University. After successful completion of the programme, they are awarded two degrees.

Practical Experience

In the M.Sc. Economics, students profit from the theory- and methods oriented approach of the WiSo Faculty of the University of Cologne that combines research and teaching with practice.

As a student of the WiSo Faculty, you benefit from an approach that is based on theory and methods, combining both research and teaching with practical elements. The teaching at our faculty has benefited from many years of experience in working with companies and visiting lecturers from different professional fields. Many of the visiting lecturers are professionals and managers who bring important industry experience to the programmes, resulting in sector-specific, up-to-date programme content for our students. This ensures that the programmes reflect the real world by combining the practical and the theoretical, whilst also promoting knowledge-sharing between you and companies. A selection of our corporate partners can be found in this overview.

"Who seeks to solve economic problems and create better institutions, needs to know how people react to incentives." Axel Ockenfels, Department of Economics (Research focus: Economic Design, Experimental and Behavioral Economics, Industrial Economics)

Some examples of the questions Economics students look at

  • How is economic growth generated?
  • How can unemployment be permanently reduced?
  • How does globalisation affect the German/European economy?
  • What are the effects of unequal distribution of wealth?
  • How do people behave in markets?
  • Do we need a reform of the healthcare market?
  • What are the effects of different taxation systems?
  • Which methods are suitable for assessing economic policy measures?
  • From an economic point of view, was it right to introduce the euro?
  • How should the ECB control the interest rate?
  • Should there be tough debt ceilings for states?
  • What impact do certain political decisions have on prosperity and growth?

Visit the Economics - MSc page on the University of Cologne website for more details!