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Stilisierte Ansicht von Joseph Schumpeter


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In addition to the information given here, you will find further information on the programme on this website.


The master program at hand builds upon the former program “Internationalization and Economic Policy” which has been excellently evaluated in the CHE-ranking. The academic focus is on scientific research: theoretical and methodological knowledge form the basis of an internationally aligned and application-oriented approach. In the course of the program, different specializations can be chosen, e.g. in the field of international economic relations, economics of the labor market, health economics and financial economics. Also, it is possible for students to gain practical experience through a research-oriented internship. The internationally-oriented knowledge transfer is complemented by study visits at international institutions (e.g. the ECB, the European Commission, OECD, WTO, the ITU, the IZA). English is the language of instruction in all the compulsory modules. The same applies to various elective modules. The master thesis and papers written in the framework of seminars can also be submitted in English. Altogether, it is thus possible to study the whole program in English.


Participants will be able to derive recommendations from economic theory and empirical analysis. Students will acquire theoretical knowledge in an international context and derive empirically-verifiable hypotheses from this theory; moreover, comparative studies on alternative policy approaches will be developed and evaluated. Students will be able to formulate and present political recommendations on the basis of scientific facts. The master program's particular value does not merely result from its specialization as regards its content. It is also the students' high degree of internationalization itself which forms a significant element in terms of the program's profile and success.

Employment Opportunities

The study program has been designed for the following positions:

  • Public Service
  • Political Organisations
  • International Organisations
  • Economic Research Institutes
  • Enterprises' Policy Units
  • Assoziations



Each of the four modules belonging to the compulsory part (Pflichtbereich) must be studied. Additionally, three modules have to be chosen out of the various modules offered in the elective part (Wahlpflichtbereich). Also, two seminars have to be studied. In the supplementary part (Ergänzungsbereich), either one module can be picked from the overall master module offer, or, alternatively, a third seminar can be followed. According to § 12 of the examination regulations, not all modules can be studied or combined with one other. The successful completion of each module and each seminar is awarded with 10 credit points, the master thesis with 20 credit points.

Compulsory Part (Pflichtbereich, 4 Modules)
MWiWi 1.19 International Corporate Governance
MWiWi 2.5 International Macroeconomics and Globalization
MWiWi 2.13 Advanced Microeconomics and Public Finance
MWiWi 4.2 Applied Econometrics

Elective Part (Wahlpflichtbereich, 3 Modules)
MWiWi 1.1 Controlling
MWiWi 1.4 Innovations- und Technologiemanagement
MWiWi 1.9 Kapitalmarkttheorie und Portfoliomanagement
MWiWi 1.10 Strategic Service Management
MWiWi 2.2 Economic Integration and the World Economy
MWiWi 2.3 Employment Theories and Policies
MWiWi 2.6 Economics of Innovation
MWiWi 2.8 International Economics
MWiWi 2.11 Health Economics
MWiWi 2.12 Environmental Economics and Intern. Policy Issues
MWiWi 4.6 Mathematik


Two seminars have to be studied. These two seminars must be assigned to modules which have already been completed in the course of the studies, or which will be completed in the further course of the studies.

Supplementary Part

Each module from the overall master module offer may be studied. Alternatively a third seminar can be chosen. That third seminar must however be assigned to a module which has already been completed in the course of the studies, or which will completed in the further course of the studies. 

Master Thesis

Recommended Study Plan

Admission Requirements

Holders of an economics-related bachelor degree or a “Diplom” with the minimum average ECTS grade “C” meet the admission requirements. If the diploma certificate does not contain an ECTS grade, a proof of belonging to the best 65 percent of one’s previous study program can be brought forward. If no such proof can be provided, an average grade (decimal grade) of “2,5” has to be proven. Priority is however always given to the ECTS grade and not the decimal grade!

Applicants must have obtained a minimum of 100 credit points in courses related to business and economics during their bachelor studies or their “Diplom” (in particular in business administration, economics, business informatics, mathematical economics, methods of economics). Out of these 100 credit points, at least 15 credit points must have been obtained in the field of economics, and at least 15 credit points in the field of business administration. In addition to a final written thesis, another 6 credit points must have been obtained through written papers which meet scientific standards.

Foreign university diplomas will be converted into the German grading system to four decimal places. In the admission procedures, only the first decimal place will be of relevance. All other decimal places will be crossed out without rounding. Military training courses will not be considered when computing the overall average grade. As regards foreign university diplomas from the ECTS area, it is sufficient for them to contain the ECTS average grade “C”.

Enrolment is dependent upon the proof of the necessary German and English language skills. Foreign students fulfill the language requirements if they prove a command of the German language which at least corresponds to the level “A2” of the Common European Framework of Reference for Languages (CEFR) (Gemeinsamer Europäischer Referenzrahmen für Sprachen (GER)).

If A2 German skills cannot be proven at the time of the application, the applicant may be preliminary accepted. Within the first two semesters of the applicant´s studies, he or she must then acquire the required language skills (A2) and document them in form of a language certificate.

Applicants, whose mother tongue is not English, must submit a proof of English language skills at C1 level in accordance with the Common European Framework of Reference for Languages (CEFR) or another equivalent language test (in particular TOEFL, IELTS, Cambridge Certificate). Candidates, who successfully completed a bachelor program or a Diplom in which English was the language of instruction, are not required to submit a separate proof of sufficient English language skills.

Examination Regulations, Modules and Module Catalogue

The examination regulations can be found here

Please find the information notice (no 07/2015) with explanations in English as well as an excerpt of the examination regulations here.

Article II § 12 of the latest version of the examination regulations provides an overview of the modules offered in the master program. The module catalogue is available here.


Information on the application is available here.


The study program has been accredited by the accreditation agency AQAS e.V..