This two-year Master of Science programme is structured over four semesters and requires a total of 120 ECTS for graduation. The first (winter) semester consists of six compulsory courses that cover the foundational areas of economics. In the second and third semesters, you select electives from a wide range of topics, allowing you to shape a personalised study path. The final (fourth) semester is devoted to writing a Master’s thesis under the close supervision of a faculty member in the department.
The elective offerings are organised so you can build focused profiles in different applied and theoretical areas. By combining appropriate electives you complete one of five recognised fields of specialisation, each emphasising both theory and empirical methods. The programme balances mathematical and econometric training with policy-relevant and sector-specific applications.
Specialisations include:
Requirements (concise)
The program begins with a concentrated first semester of six compulsory courses (all taught fully in English) that build a rigorous foundation across the main areas of modern economics. Key modules include Mathematics for Economists, Applied Econometrics, Microeconomics, Game Theory, Macroeconomics: Economic Theory, and Macroeconomics: Business Cycles. Together these courses develop students’ theoretical understanding and quantitative tools needed for advanced economic analysis.
In the second and third semesters students tailor their studies by selecting 12 courses in total, with at least 10 electives drawn from economics and up to two free electives (for example, language courses). Participation in at least one seminar is required; seminars provide practice in presenting research and engaging with current literature. The program’s structure balances breadth across core economic fields with the flexibility to specialize through elective choices.
The final semester is devoted to an independent Master’s thesis. Completing the thesis demonstrates the student’s ability to formulate an economic question, apply appropriate methods (theoretical or empirical), and produce a sustained piece of academic work. A related seminar accompanies the thesis phase, where students present and discuss their findings with peers and supervisors, sharpening communication and defense skills useful for research or professional careers.
Key learning outcomes include strong quantitative and econometric competence, solid command of micro- and macroeconomic theory (including strategic reasoning via game theory), the capacity to carry out independent research, and the ability to present and discuss economic analyses clearly.
Requirements (concise)
The selection process requires applicants to satisfy both academic and language standards and to submit a concise application letter that explains their readiness for the course content and chosen specialisation(s). Below are the specific items you must provide and the minimum thresholds you must meet.
Make sure your application letter is written in English, adheres to the formatting rules listed below, and clearly explains how your previous studies and skills prepare you for the programme’s compulsory modules and for the specialisation(s) you intend to pursue. For the English language requirement, consult the programme’s information page for accepted certificates and minimum scores.
Winter Semester (International)
31 May 2026
Winter Semester (EU/EEA)
31 May 2026
Graduates are prepared for roles in policy institutions, central and commercial banks, international organisations, research institutes, and consulting firms. The Macroeconomics & Finance track in particular equips students for positions at central banks, commercial banks, and international financial organisations, while Public Economics, Energy Markets and Health Economics prepare students for policy analysis and sector-specific roles.
The programme’s strong empirical and quantitative training also provides a solid foundation for doctoral studies and academic research. Electives and internships enable students to build sector-specific expertise (e.g., energy or health), improving employability in specialised consultancies, regulatory agencies, and industry research units.