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Course Description

Information on the Programme

The master programme Economics consists of 120 ECTS- (European Credit Transfer System) Points and is designed as a 4-semester full-time programme. It is a consecutive master degree based on a bachelor degree within the field of economics.
The Core and Advanced Section of the master programme economics contains 48 credit points. This area covers content-specific and methodological basics of micro and macroeconomics, statistics, econometrics and mathematics. These competencies enable students to comprehend scientific literature of economic science and furthermore to independently analyse economic problems on an advanced theoretical and empirical level. Students will be able to select modules on a research- and methods oriented level (Research Track Modules), which allows them to assemble a course package following already acquired knowledge, interest and training objective.
In the specialisation section, students choose two out of six different subareas (fields). In each one, 18 credit points with 3 specialisation modules have to be obtained. These fields reflect research- and application focuses of the faculty in the area of economics:
• Design and Behavior
• Energy Economics
• Growth, Labor and Inequality in the Global Economy
• Markets and Institutions
• Macroeconomics, Money and Financial Markets
• Public Economics
• Statistics and Econometrics
Students also have the possibility to have credits acquired during a semester abroad accounted for at the WiSo-Faculty.

The Supplementary Section serves as an additional section to develop a more specific profile – either by deepening and specialising or by diversifying knowledge. Further modules of the extensive course offer of the faculty from economics as well as from social sciences or business administration are available to students. Examples for modules are e.g. finance, corporate strategy, economic psychology or economic geography. This area covers 12 credit points.

Detailed information concerning the curricular design is available on our homepage in the area of “study”. Especially at the beginning of your studies, individual consultations will help to make the right choices over the course of the programme.
Since students have many options within their specialization area, an individual emphasis can be put on the fields according to the desired job-qualification.

Only the best for your career

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.

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).

For excellent students „Master Doctoral Tracks“ provide the opportunity to start doctoral studies during the Master Programs. The Cologne Graduate School (CGS) gives further information and shows regulations for the application.

Take your professional future into your own hands and benefit from the theoretical and methodological approaches taken at the WiSo Faculty, combining research and teaching with practice and thus underscoring our motto: “Innovation for society".

Not international enough?

If this is the case, get information on the opportunity to complete a semester abroad at one of our numerous partner universities. Further Information can be found on the homepage of our International Relations Center.

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

Student Profiles

Entry Requirements

Overall grade of at least 2.7 (German grade) in the Bachelor’s degree, at least 18 ECTS credits in Economics, 48 ECTS credits in Economics & Social Sciences and at least 15 ECTS credits in Statistics/Mathematics, English language skills. Please visit our website for more information on the requirements and the application process: View Website

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Recipient: University of Cologne

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