The Master’s Program in Economics and Institutions at the Philipps-University of Marburg provides students with a comprehensive training for a career as a professional economist in government or business and a solid basis for an academic career.
Course Content & Distinctive Features
The MSc Economics and Institutions offers rigorous training in all major fields of economic theory and policy (including research methods) and is fully taught in English. It is designed as a general M.Sc. economics program with a distinctive focus on the economic analysis of institutions. This unique focus is based on the fundamental insight that the performance of an economy crucially depends on its institutions. These may be formal institutions, e.g. business laws and regulations, organization of the social security system, design of central banks, and institutional structures of the state and its political process; they can also be of an informal nature, e.g., norms and habits or specific institutions such as cooperatives and micro-credit markets in developing countries.
Therefore, New Institutional Economics, Constitutional Economics, Law and Economics, Mechanism Design, Principal-Agent Theory, and Political Economy / Public Choice are the main theoretical approaches, which students learn to apply in order to analyze the effects of current rules, regulations, and organizations and to make educated reform proposals in a broad field of economic applications. This institutional economics focus reflects also the specific research profile of all the professors of economics in Marburg. The economics specializations offered in the program are “Institutional Economics”, “International Institutional Economics”, “Markets and Innovation”, “Economics and Globalisation”, and “Economic Policy”. Small course sizes, intensive lecturer-student interactions in seminars, international students, and modern teaching approaches are important characteristics of the MSc Economics and Institutions.
Duration of the Course
The standard period of study is two years. Admission to the course is possible in the Winter Semester (typically mid-October) and in the Summer Semester (typically mid-April). A larger number of students will be admitted for the Winter Semester.
Tuition Fee MSc in Economics and Institutions
The law on student tuition fees in Hessia has just been revoked. Thus, students accepted into the MSc Economics and Institutions need to pay the administration fee only!
The administration fee of slightly more than 250€ per Semester includes substantial benefits in the form of a train ticket that allows - with very few exceptions - using public transport in Hessen and access to subsidized meals at the refectory.
For further information on the program please see the program homepage https://www.uni-marburg.de/fb02/studium/studiengaenge/mastervwl
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