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Economics (Master)

Master of Science Economics

Master of Science in Economics

The English-language Master program in Economics provides students with analytical and methodological knowledge, models and solutions for central social challenges and prepares students for a working environment that is increasingly international and demands methodological knowledge and the use of "big data". The program offers the opportunity to study and work with  professors who are active in numerous research projects and develop novel research approaches to analyze markets and socioeconomic behavior. The M.Sc. Economics offers students the opportunity to work with highly motivated and talented fellow students from over 40 countries.


Program: Economics
Degree: Master of Science (M.Sc.)
Duration: 4 semesters (full-time)
ECTS: 120
Start of studies: Winter semester

What chracterizes the M.Sc. Economics?

The M.Sc. in Economics at the University of Bonn is a quantitative and research-oriented program that covers all areas of economics. Among other things, the programme provides advanced mathematical, statistical and econometric knowledge and enables students to understand complex economic models and to assess the relevance and limits of economic theories. The program introduces students to current topics and debates in economic research and offers them the opportunity to apply their knowledge to a broad spectrum of economic topics.

The aim of the programme is to optimally prepare graduates for an advanced academic career or for leading positions in institutions and companies that also require in-depth quantitative skills.

The Department of Economics is one of the leading research institutions in Europe and enjoys an excellent reputation both nationally and internationally, which is also reflected in well-known international rankings. In the Tilburg Ranking, which measures the research output of economics departments, the department is currently ranked 30th worldwide.
 

International

The Master program is an international programme, both in terms of content and students. In terms of content, the Master program is based on international standards; our professors are connected to world-class research and cooperate in a variety of ways with internationally renowned scientists.

The programme is also an international one in terms of students: In each cohort, there are about 50% international students coming to Bonn from over 20 countries. In addition, the faculty has contacts to internationally renowned partner universities and Master students have the opportunity to integrate a semester abroad into their study programme.
 

Forward Thinking

The M. Sc. Economics is deliberately forward thinking with regard to study content and method development. For example, changes in markets due to digitalization and internationalization or new approaches to "data science" are important subjects of study, since the evaluation of large and complex data sets is becoming increasingly relevant in economics.  As a basis, students acquire sound knowledge in the traditional core economic areas of macroeconomics and microeconomics, financial market economics and econometrics at an advanced level.

 

Research-oriented

The Master program Economics has a strong research orientation. This orientation is found in the theoretical foundation of all lectures and the teaching of methodical tools. Research seminars introduce Master students to the most up-to-date research by discussing new research results, working on their own research projects and developing suitable research designs.

 

Individual

In Bonn, only the first semester consists of mandatory courses, from the second semester onwards students have the opportunity to choose courses from five different fields of study and to specialise according to their interests. In addition, they can also attend individual courses that are taught at Ph.D. level.

Mentored

The Master coordinator is available for all questions concerning the Master application, study planning, the integration of a semester abroad and other matters. She supports international Master students in finding a place in a dormitory and organizes special German language courses for them.

In order to integrate the students well and thus increase their academic success, each cohort is accompanied by a so-called "social tutor" who organises regular meetings and excursions and thus contributes to the exchange and networking among the students.

The professors are also available beyond the courses. They are the point of contact not only for questions concerning the content of the courses, but also for finding a topic for the Master thesis, for questions regarding the choice of courses abroad or for looking for a suitable doctoral program.

Networked

Our professors work in numerous national and international networks and the department cooperates with a number of research institutions such as the IZA (Research Institute for the Future of Work), the briq (Institute on Behavior and Inequality) and the Max Planck Institute for Research on Collective Goods. In addition, researchers from the department cooperate with colleagues from the University of Mannheim within the framework of the Collaborative Research Center Transregio 224 Economic Perspectives on Societal Challenges: Equality of Opportunity, Market Regulation, and Financial Stability (EPoS) and within the ECONtribute excellence cluster: Markets and Public Policy with their colleagues from the University of Cologne. In order to gain further insights into research, Master students have the opportunity to work at one of these institutes or research institutions.

Within the framework of research seminars or guest lectures, students can find suggestions for a future academic career or the selection of a suitable doctoral program. In addition, the department offers a career day every year especially for its graduates, where they can get to know a whole range of potential employers who are specifically looking for future employees with a degree in economics. This gives our graduates, who have very good overall chances on the job market, a better impression of the diversity of their career opportunities.

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