Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences

Program Description

Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences

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 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.

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).

Admission Requirements

The admission requirements must be fulfilled until the application deadline:

Bachelor’s degree

Application in the case of unfinished Bachelor studies: In cases where present Bachelor studies have not been fully completed, application is permitted if the candidate has earned at least 80% of the required credits and will have achieved the remaining results by 30 September at the latest. The specific admission criteria governing the designated course of study (including the overall grade) must already have been fulfilled on the basis of the exam results available at the time of application.

Overall grade of at least 2.7 (German grade) in the Bachelor’s degree

Fulfillment of the following subject-related requirements:

  • At least 40 ECTS credits in Mathematics


  • At least 18 ECTS credits in Economics
  • At least 48 ECTS credits in Business Administration, Economic & Social Sciences
  • At least 15 ECTS credits in Statistics/ Mathematics

Fulfillment of the language requirements: English language skills at level C1 (CEF)

This school offers programs in:
  • English
  • German

Last updated December 17, 2015
Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2016
2 years
Full time
Start date Oct. 2016
Germany Cologne, North Rhine Westphalia
Application deadline Request Info
End date Request Info
Duration 2 years
Price Request Info