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Masters Degrees in Economics, Germany

We have 7 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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Double Masters – Double Excellence. The Double Masters Programme in Health Economics provides highly qualified students with the opportunity to profit from the first class expertise of two universities. Read more
Double Masters – Double Excellence

The Double Masters Programme in Health Economics provides highly qualified students with the opportunity to profit from the first class expertise of two universities. Participants study at each university for one year and graduate with two Master's degrees from these renowned institutions: The Faculty of Management, Economics and Social Sciences, University of Cologne, and the Faculty of Health, Medicine and Life Sciences, Maastricht University.

Health Economics is an interdisciplinary science in-between economics and medicine. The Double Masters Programme in Health Economics has a strong focus on innovation in the healthcare sector and on current and future healthcare challenges.

The Double Masters Programme prepares students for responsible management positions in the public and private health care sector. Students develop an interdisciplinary understanding of the management of the health care sector and gain in-depth knowledge of health economics and innovation in healthcare, together with strong intercultural competencies. Upon completion of this programme, graduates will be able to apply economic concepts to medical questions and actively address challenges of today's complex and rapidly changing healthcare sector.

Holding a German and a Dutch Master's degree, the graduates will have excellent perspectives on the European and the international labour market.

Please note that the Double Master is a consecutive programme, i.e. you need for application a Bachelor (or equivalent) with strong proficiency in Business Administration, Management Studies or Health Economics (60 ECTS). Furthermore, a minimum of 15 ECTS in the field of medicine and further 18 ECTS in the methods of the Health Economics are required. Unfortunately, University of Cologne's admission rules do not leave room for substituting work experience for credits. Please take a look at your transcript and verify that you meet the above mentioned criteria. Moreover, please bear in mind that the TOEFL/IELTS/etc. are indispensable requirements for an application and have to be submitted until the application deadline. More information on the accepted language certificates can be found here: https://www.wiso.uni-koeln.de/en/studies/application/application-procedure-for-masters-programmes/language-skills/

Please read our websites to find more information about the study programme, the requirements and the application process: https://www.wiso.uni-koeln.de/de/studium/master/double-masters-programmes/health-economics-and-management/admission/

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The master programme Health Economics consists of 120 ECTS- (European Credit Transfer System) Points and is designed as a 4-semester full-time programme. Read more

Information on the Programme

The master programme Health 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 health economics.
The Core and Advanced Section of the master programme Health Economics contains 48 credit points. This area covers the basics of health economics.
The Specialisation Section, where students altogether complete 36 credit points, includes seminars as well as specialisation modules in health economics and medicine.
In the Supplementary Section, at least one module from economics and/or sociology has to be completed. Furthermore, to accomplish the required 18 credit points within this section, further modules from business administration and/or medicine have to be completed.

Detailed information concerning the curricular design is available on our homepage in the area of “study”.

Only the best for your career

The M.Sc. Health Economics at the WiSo-faculty of the University of Cologne widens the 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.

Graduates find possible fields of employment primarily in consulting functions on a leadership level in private as well as public organisations like clinics, large medical practices, health insurers, institutions and in organisations and corporations within health care management as well as within the sport-, fitness-, and preventive and rehabilitation sector. The goal of the M.Sc. Health Economics is to make graduates mediators between commercial executives, chief physicians and the respective other people involved in the health sector and to solve arising conflicts of interest.

Take your professional future into your own hands and benefit from the theoretical and methodical-oriented approach of the WiSo-Faculty, which combines research as well as teaching with practical experience.Take your professional future into your own hands and profit 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.

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The master programme Economics consists of 120 ECTS- (European Credit Transfer System) Points and is designed as a 4-semester full-time programme. Read more

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.

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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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