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Masters Degrees in Economics, Germany

We have 9 Masters Degrees in Economics, Germany

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This new master’s program combines high-level economics with application-oriented courses in business and finance. Economics is thereby taught based on the foundations of the Austrian School. Read more

Business and Austrian economics

This new master’s program combines high-level economics with application-oriented courses in business and finance. Economics is thereby taught based on the foundations of the Austrian School. Entrepreneurial Economics is the first English-taught master’s program in Europe that is solidly rooted in the Austrian tradition. However, besides the Austrian focus this program also committed to methodological pluralism, since all relevant schools of thought are included in the curriculum.

Austrian economics, by its very nature, is entrepreneurial economics. No other school of thought investigates markets under the paradigm of human action and constant change. Combining classes in business and Austrian economics is thus a natural step. Together, they build a first-class education portfolio that teaches theoretical understanding, entrepreneurial thinking and independent decision making. These skills, in combination with the general analytical competence that this program conveys, lay the foundation for many promising career paths.

The program

The core of this program is formed by a comprehensive education in Austrian Economics. This school of thought – rooted in the Vienna of the late 19th century – provides until today the most comprehensive approach to the social sciences. Humans are generally being regarded as individual entrepreneurs who influence their living conditions trough target-oriented actions.

This paradigm sharply contrasts with the model of the “homo oeconomicus”, which is central to mainstream economics. The homo oeconomicus allows for a mathematization of economics, but at the same time overemphasizes equilibrium thought, thus leaving no room for entrepreneurial actions. The Austrian School, in contrast, makes the „homo agens“ the centerpiece of analysis and thus assumes a process-oriented view. Instead of mathematical formalization the conceptual analysis of human action becomes the dominant scientific principle. Using this approach the Austrian School develops a holistic and philosophical understanding of economics.

The main goal of this program is to convey this economic understanding to students so as to shape entrepreneurial personalities who are able to think both theoretically and application-oriented. In assuming the Austrian perspective entrepreneurial spirit is stimulated immensely, since this perspective is directly linked to independent thinking and a liberal social philosophy. Beyond that, this study program comprises an application-oriented part that focuses on the relevant methods of business management and thus offers the best possible preparation for a professional career. The degree of practice orientation can be further increased if a student decides to do an internship instead of a research project or if he decides to write the master´s thesis in cooperation with a company. Also, special leadership trainings as well as extracurricular studies are offered so as to further support the development of entrepreneurial personalities.

Also from an academic point of view this program is highly ambitious. It intentionally refuses to adopt the methodological imperative that characterizes modern mainstream economics, but rather takes students to the research frontier in Austrian Economics. At the same time, however, the program does not limit itself to explaining the Austrian perspective, but also teaches competing ideas and approaches, such as, for example, the neoclassical or the Keynesian view. Thereby, the students gain a unique methodological expertise and learn to understand the originality of the respective approaches. With such knowledge they are well prepared to pursue a Ph.D., as science generally commences with an understanding of the controversies that govern the debate. In addition, having completed this program, the students also possess economic knowledge that is significantly superior to the formal training of mainstream economists.

Careers

The graduates of this program are highly qualified for various professions in the private sector. With their deep understanding of the economy the graduates of this program have a particular strategic competency and are therefore suitable for numerous tasks within consultancy firms, strategy departments, and medium-sized businesses, who all seek independent-minded people.

Such strategic competencies are especially important in the area of change management, a field that is nowadays often addressed using “Embedded Entrepreneurial Teams”. Economists with a profound knowledge of the financial and banking system are also sought after in the finance sector. The graduates of this program are well-prepared to start a career in any of these areas because they are able to critically discuss various opinions and provide strong and convincing arguments. In general, however, the graduates with a master´s degree in Entrepreneurial Economics and Management should consider themselves as entrepreneurs on their own behalves with personal business goals and ideas that they can put into practice.

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The Double Master's Programme in Health Economics and Management gives students the opportunity to benefit from the expertise of two top-ranking universities. Read more

The Double Master's Programme in Health Economics and Management gives students the opportunity to benefit from the expertise of two top-ranking universities. They are able to enjoy the advantages offered by the interdisciplinary approach and the participation of three faculties, the Faculty of Management, Economics and Social Sciences and the Faculty of Medicine at the University of Cologne and the Faculty of Health, Medicine and Life Sciences at Maastricht University.

Students study at each university for one year and are awarded two master's degrees, a Master of Science in Health Economics from the University of Cologne and a Master of Science in Healthcare Policy, Innovation and Management from Maastricht University. The Double Master's Programme in Health Economics and Management focuses on how to approach current and future healthcare challenges through innovation.

The international master's programme prepares students for high-level management positions in the public and private healthcare sector. Students develop an interdisciplinary understanding of management, economics and medicine in the sector. On completion of this programme, graduates will be able to apply economic concepts to medical questions and actively address the challenges of today's complex and rapidly changing healthcare sector with innovative approaches. With a German and Dutch master's degree, graduates will have excellent employment opportunities on the European and international job market.

Please check the programme website for more information and see the application section for details on the entry requirements and the selection process.



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Today's economists face globally competitive and increasingly complex environments. Universität Hamburg's "Master of Science in Economics" (MSc) programme responds effectively to these developments. Read more
Today's economists face globally competitive and increasingly complex environments. Universität Hamburg's "Master of Science in Economics" (MSc) programme responds effectively to these developments. It provides thorough and rigorous training in modern economic theories and techniques. It attaches great importance to quantitative skills and emphasises state-of-the-art methods of empirical research. It encourages applied work and relates it to policy. The acquired tools and research skills prepare students for real-world economic situations and challenges. The programme is taught completely in English. It provides sound training in best practice methods of mainstream economics. Opportunities for optional in-depth studies in areas of personal interest initiate a gradual transition to independent research. The programme is designed for careers in higher education, research or consultancy on both national and international levels.

The regular two-year version of the programme is structured as follows:
1. Three research-oriented core courses in the first semester (Advanced Microeconomics, Advanced Macroeconomics, and Advanced Econometrics).
2. Five optional courses in theoretical and applied economics in the second and third semester, respectively. Likely options are Business Cycle Theory, Economic Growth, Forecasting, International Economics, DSGE Modelling, Financial Economics, Real Option Theory, Public Choice, Political Economy, Public Finance, Game Theory, History of Economic Thought.
3. Research training through a Master's thesis in the fourth semester

Students with a four-year Bachelor's degree, i.e. a primary degree of 240 ECTS credit points, can shorten the programme to one year subject to approval from the programme director. Part-time study is also possible.

More information can also be found on the webpage: http://www.wiso.uni-hamburg.de/msc-econ

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The Double Master's Programme in Economics gives students the opportunity to benefit from the expertise of two top universities. They are able to enjoy the advantages offered by two universities. Read more

The Double Master's Programme in Economics gives students the opportunity to benefit from the expertise of two top universities. They are able to enjoy the advantages offered by two universities. Participants on the programme spend one year studying at each university and graduate with two master's degrees: a Master of Science in Economics awarded by the University of Cologne and a Master of Arts in Economics awarded by Keio University located in Tokyo, Japan.

Economic studies focus on how governments, companies, institutions, households and individuals allocate their limited resources. The study programme provides students with broad methodological expertise and knowledge of a variety of theoretical approaches to independently analyse and develop conceptual models to predict responses to changes in policy and market conditions. The international orientation of the Double Master's Programme enables students to learn how to solve complex economic problems on an international scale in a globalised, interconnected world by considering cross-national connections and effects.

Please check our website for more information on the programme and visit the application section for details on the entry requirements and the selection proces.



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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 . Read more

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 2018

"The Faculty’s excellence in both teaching and research was obviously one of the main reasons I chose the University of Cologne. However, it is particularly Cologne’s unique charm which makes studying here so worthwhile. It is not merely a good place to work. Above all, it is a very good place to live! " Jakob, Master in Economics, 3rd semester

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?


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Management decisions in the energy sector require profound understanding of the sector’s technical, economic, legal, and entrepreneurial peculiarities. Read more

Management decisions in the energy sector require profound understanding of the sector’s technical, economic, legal, and entrepreneurial peculiarities. Climate change, economic changes, public opinion, technological progress and regulation shape and limit the entrepreneurial leeway, but also offer often unforseen chances and opportunities. The industry therefore requires broadly skilled individuals who are experts in the field.

The master programme is taught over a period of three semesters. The first semester covers the technical, economic, entrepreneurial and legal foundations for management decisions in the energy sector; the second semester deepens this view and looks at business practises, primarily of grid-based utilities, and investment; the third semester broadens the view while simultaneously focusing on practise according to student’s individual interests. All semesters include lectures, tutorials, seminars as well as excursions, online materials related to practice and extracurricular activities. The master thesis due in the third semester concludes the programme.

1. Technology

This module deepens student’s knowledge of energy technologies and systems in the framework of today’s changing world.

Prof. Dr.-Ing. Joachim Müller-Kirchenbauer

2. Economics

This module presents the economic basics for the understanding of energy markets and their regulation, the framework for operational Energy Management.

Prof. Dr. Georg Erdmann

3. Business

This module presents the foundations of business and discusses basic tools and applications in the context of the Energy industry.

Prof. Dr. Dodo zu Knyphausen-Aufseß

4. Energy Law

This module presents the legal framework of today’s Energy Markets on the global scale, the EU plane and Germany.

Prof. Dr. Dr. Dres. h.c. Franz Jürgen Säcker

5. Energy Grids

This module deals with the technical and managerial challenges of grid management in a changing energy environment, with a focus on transformation processes between different forms and sources of energy and the novel developments in demand response, IT, and metering.

Prof. Dr. Kai Strunz

6. Investments

This module looks at energy infrastructure from a financial point of view. Grids, storage facilities and power plants are large-scale long-term investments of national, if not international, scope and importance. How are such projects financed, how can they be insured, how can their risk be assessed, etc.

Prof. Dr. Christian von Hirschhausen

7. Management

This module looks at energetic aspects of enterprises and the implications of the changing energy landscape for industrial organisations. How to engineer efficiency and manage engineering efficiently, given changing energy markets and legal conditions?

Prof. Dr.-Ing. Joachim Müller-Kirchenbauer

8a.Efficiency (compulsory elective)

In this sub-module, students look at physical projects and products such as buildings, plants, city planning, etc. and apply the knowledge gained in prior modules in practise.

Prof. Dr.-Ing. Joachim Müller-Kirchenbauer

8b. Technology and Innovation Management (compulsory elective)

In this sub-module students look at innovations, team building, management processes, administrative, financial or theoretical issues in a specific practical context.

Prof. Dr. Jan Kratzer

9. Master thesis

Individual topics, individual supervisors.



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The competition and regulation Masters offers a unique opportunity in Germany to specialise in competition and regulation law. Students build up extensive legal and economic expertise over the course of three semesters. Read more

The competition and regulation Masters offers a unique opportunity in Germany to specialise in competition and regulation law. Students build up extensive legal and economic expertise over the course of three semesters. There is a strong focus on practice with a range of practitioners involved in the programme.

The Masters programme, which is taught entirely in English, is a 18 months distance-learning programme with 3 classroom sessions for about 2 weeks each in Lüneburg. Students will be supported by an online tutor who will answer academic questions, support the students during the learning process and will try to stimulate and moderate online discussions.

Modules

In nine modules, students learn how law and economics interact. The LL.M. has a strong focus on research as well as on practice. Practitioners from major law firms and representatives of competition and regulatory authorities share their knowledge so that students get a first-hand insight into both sides of work in competition and regulation law.

Learn more about the modules in the Masters programme Competition and Regulation

Admission

The programme is directed at university graduates holding a first university degree with one year of qualified professional and advanced English language skills.

Learn more about the admission requirements



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