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Applied Economics

Nowadays, graduates are faced with special challenges in terms of combining theoretical knowledge and empirical analytical competences. In the international economic area, in international companies (incl. consulting firms, banks and insurance companies), as well as in a multitude of international institutions, the analysis and interpretation of data is a determining basis for efficient decision-making.

The "Applied Economics" programme teaches these skills. Two specializations are available: "International Economic Policy" (IEP) and "Empirical Analysis" (EA). Both specializations are research-oriented. The programme is taught entirely in English. The programme qualifies students to take responsibility for their own work and promotes decision-making skills by providing guidance on the independent evaluation of data (EA) and the derivation of policy recommendations on a scientific basis (IEP).

Website of the programme

In addition to the information listed here, you will find further details on teachers, projects, guest lectures and courses on the website of the programme.

https://appliedeconomics.wiwi.uni-wuppertal.de

Programme details

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Competences and study contents

In the specialisation "International Economic Policy" you analyse the impact of economic policy instruments and can derive policy recommendations from economic theory and empirical analysis. You will also be able to develop and evaluate comparative studies on alternative policy approaches in an international context. Furthermore, the high degree of internationalisation of the programme enables you to classify the international perspective of economic policy action and to develop and communicate well-founded policy recommendations for relevant target groups.

In the specialization "Empirical Analysis" you will learn to apply empirical methods to find answers to economic questions. You will be familiar with the basic econometric, quantitative and experimental methods used, among other things, to identify causal economic relationships. You will acquire the ability to assess the significance of empirical studies with regard to the questions asked and to critically question the significance of empirical results. They are able to independently apply the appropriate empirical methods depending on the question and to draw conclusions from the results. You understand the role and significance of theory as the basis of empirical research.

Structure of the programme

The programme is divided into three areas and the final thesis. All modules of the compulsory area are to be studied. Three modules are to be studied from the elective area. In addition, three seminars are to be studied.

Specialisation „International Economic Policy“

Compulsory Part


MWiWi 1.19 International Corporate Governance
MWiWi 2.5 International Macroeconomics and Globalization
MWiWi 2.17 Game Theory and Experimental Economics
MWiWi 4.9 Regression and Time Series Analysis
Elective Part









MWiWi 1.1 Risikocontrolling
MWiWi 1.9 Kapitalmarkttheorie und Portfoliomanagement
MWiWi 1.10 Dienstleistungsmanagement
MWiWi 1.27 Incentives and Accounting
MWiWi 2.3 Employment Theories and Policies
MWiWi 2.6 Economics of Innovation
MWiWi 2.8 Dynamic Quantitative Economics
MWiWi 2.18 Public Economics
MWiWi 4.6 Mathematik
MWiWi 4.8 Microeconometrics
MWiWi 5.7 Master-Praktikum
SeminarsIn three seminars, which fit thematically to a compulsory or elective module, current topics of economics are discussed and presented in the form of a scientific paper.
Masterthesis

 

Specialisation „Empirical Analysis“

Compulsory Part


MWiWi 2.8 Dynamic Quantitative Economics
MWiWi 2.17 Game Theory and Experimental Economics
MWiWi 4.8 Microeconometrics
MWiWi 4.9 Regression and Time Series Analysis
Elective Part







MWiWi 1.19 International Corporate Governance
MWiWi 1.27 Incentives and Accounting
MWiWi 2.3 Employment Theories and Policies
MWiWi 2.5 International Macroeconomics and Globalization
MWiWi 2.6 Economics of Innovation
MWiWi 2.16 Economics of Market Imperfections
MWiWi 2.18 Public Economics
MWiWi 4.6 Mathematik
MWiWi 5.7 Master-Praktikum
SeminarsIn three seminars, which fit thematically to a compulsory or elective module, current topics of economics are discussed and presented in the form of a scientific paper.
Masterthesis

 

 

Qualification and career orientation

The programme qualifies in particular for the following professional fields and positions:

  • Committees of the EU, the OECD, the UN and similar international organisations
  • Central banks
  • Economic research institutes
  • Staff departments in companies
  • Federations
  • Consulting activity
  • Public service
  • NGOs
Admission requirements
  • A bachelor's degree in an economics programme with an overall ECTS mark of at least "C".
    If the certificate does not show an ECTS overall grade, proof can be provided that you are one of the 65 best percent of the graduating year.
    If this is also not possible, at least the overall grade (decimal grade) "2.5" must be proven. Foreign grading systems are converted into the German grading system.
  • At least 100 credit points (according to ECTS) of the bachelor's programme in economics (e.g. business administration, economics, methods of economics, business informatics, business mathematics, business education)
    Of which at least 15 credit points in the field of business administration and at least another 15 credit points in the field of economics.
    Foreign point systems will be converted into ECTS.
  • In addition to a written thesis, at least 6 credit points must have been acquired through one or more term papers or seminar papers that meet scientific standards.
  • Proof of German language proficiency at least at level "A2" of the Common European Framework of Reference for Languages (CEFR) for non-German-speaking applicants.
    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.
  • Proof of English language proficiency at level "C1" of the Common European Framework of Reference for Languages (CEFR) or an equivalent recognised language examination (in particular TOEFL, IELTS, Cambridge Certificate) for non-English-speaking applicants.
    Proof of sufficient English language skills is not required if the Bachelor's programme, which is a prerequisite for admission to the Master's programme, is a fully English-language programme.
Examination regulations and module catalogue

The examination regulations and any changes can be found in the official announcements of the University.

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

The module catalogue can be found here.

Application and enrolment

An application for the programme is possible for summer and winter semesters. Applicants with a Bachelor's degree that was not obtained in Germany apply via uni asssit. Please note the information on the application process and for international applicants in the area of Master's applications on the pages of the examination board.

Applicants with a Bachelor's degree from Germany are subject to these application periods at the examination board of the faculty:

For a start of studies in the summer semester: mid-January to early March
To start your studies in the winter semester: mid-June to mid-August

The exact application deadlines are always published at the start of each application process. In addition to applying to the examination board, you may also have to apply for matriculation at the Student Secretariat.


Contact and student counselling

If you have any questions about the programme or its contents, you can contact the student counselling team. Information on the application process at the faculty and contact persons can be found here.