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Master of Science

Master Economic Research

The Cologne Graduate School of Economics (CGS-E), invites candidates to apply for its two-stage graduate programme in Economic Research starting in October 2019. In the first phase, students complete their study and research work at graduate level in an exclusive two-years Master's programme (M.Sc. Economic Research). This programme equips students with knowledge of theoretical foundations and methods to conduct innovative economic research. Specialization courses particularly cover the research areas of the Cluster of Excellence ECONtribute, e.g. Behavioral Economics,  Market Design, Organizational Design, Consumer Protection, Political Economy, Distribution and Financial Stability. Courses are entirely taught in English by faculty members and renowned guests of the Cluster. Having obtained their Master’s degree in economic research, students usually enter the second phase. As doctoral students they develop the research projects in their dissertation and complete it with a PhD.

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

As the University of Cologne is state-funded, there are no tuition fees, just a biannual “semester contribution” of slightly more than 250 euros, which includes the semester ticket for public transport throughout North Rhine-Westphalia. All in all, joining University of Cologne means investing in an excellent education – and your professional future – without paying a fortune.

Some examples of the questions Economic Research students look at

  • What is the scope of behavioral interventions for public policy objectives? For instance, what is the role of environmental taxes, tradable emission certificates and nudges in addressing climate change?
  • What are effective ways of measuring and regulating systemic risk in financial markets? What is the role of monetary policy for the stability of financial markets?
  • What are causes of persistent economic inequalities? What policies foster social mobility? Why does inequality persist in modern welfare states?
  • Is there an efficiency rationale for policies that interfere with market prices such as measures of rent control or minimum wages? Is there also a fairness rationale?

Information on the application

From the middle of March onwards you can submit your application via WiSo Faculty's Master's Application Portal. Applicants with a (bachelor’s) degree acquired abroad must additionally apply via uni-assist online as well as postal until 15 June (date of receipt).

The CGS-E cooperates with the International Max Planck Research School BeSmart, hosted by the MPI in Bonn. Applicants interested in later joining this program (which also grants a doctoral degree from Cologne University) are invited to mention this in their application. The MPI offers a limited number of (paid) student research positions to be filled by such master students.

Detailed information about the admission procedure, admission deadlines and required documents are provided at the application website. If you have any questions, please do not hesitate to contact us: contact.

We are looking forward receiving your application!


All 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. A large number of different nationalities apply for our Master programmes. The faculty also cooperates with partner universities worldwide (see such that a semester abroad can be integrated in your studies. Thus, we ensure you to study in an international as well as intercultural environment.

Andreas Schabert

This programme provides an excellent graduate education tailored to economic research on markets and public policy. As a student of the programme you benefit from individual support by a team of distinguished researchers. It gives you an opportunity to start your doctoral studies and to boost your career inside and outside academia.

Andreas Schabert, Professor at the Department of Economics, Young ECONtribute Programme Committee