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Master of Science

Master Economics

If you’re already studying Economics and would like to find out more about specific details of your master programme, you’ll find what you’re looking for on the Master Economics Programme Structure pages.

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 2017

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?

Economics - Master of Science

Curricular design

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 chose 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 on the Programme Structure pages. Especially at the beginning of your studies, individual consultations will help to make the right choices over the course of the programme.

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).

The faculty supports student´s professional ambitions via the WiSo-Career-Service.

Axel Ockenfels

Who seeks to solve economic problems and create better institutions, needs to know how people react to incentives.

Axel Ockenfels, Department of Economics (Research focus: Economic Design, Experimental and Behavioral Economics, Industrial Economics)

PhD studies: Research Track

The “Research-Track” programme, which is offered in cooperation with the Cologne Graduate School (CGS) provides support to design your master studies in line with requirements for a subsequent PhD-programme in economics. If you consider applying for a PhD-programme after obtaining your Master of Science, you will find information about offers and the application procedure of these Research Tracks on our homepage.

Not international enough?

The faculty provides extensive credit transfer possibilities and a window of mobility in the 3rd semester to offer students the possibility to spend a semester abroad at one of our numerous partner universities. Further Information can be found on the homepage of our International relations center.

Information on the application

From the end of March/ beginning of April 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). If you apply for our Double Master’s Programme(s) the deadline is 1 may (date of receipt).

Please download this PDF checklist of relevant application documents.

Detailed information about the admission procedure, admission deadlines and required documents are provided at the application website.

We are looking forward receiving your application!