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Master of Science (MSc) in Economics

Overview

International orientation

Globalisation means that business is no longer bound by national borders – and the same applies to our field of scholarship. Our master’s degree in economics therefore has a clear international orientation, both in terms of the course content and the exchange with other faculties around the world. We offer countless opportunities for semesters abroad and at the same time warmly invite students of international master’s study programmes to visit HHU as an exchange student. Similar to most of the course literature, selected lectures are held in English. HHU’s language centre offers a diverse range of language courses, including many with a special focus on the vocabulary needed for business.

Intensive support

Here in Düsseldorf, teaching takes place in small groups, with intensive support within our study programmes. You won’t find overcrowded lecture theatres here – at HHU, there’ll always be a seat for you! We provide intensive support. In order to foster the direct exchange, you’ll be assigned one of our professors as a mentor at the start of your studies. They’ll always be on hand to answer any questions you might have about your studies and economics matters. We don’t just want to help you, though. Rather, we also want you to support us. For we continuously strive to improve our teaching and therefore welcome any suggestions. In January 2011, we were able to open our new building, the Oeconomicum. Its open-plan architecture ensures short distances and convenient access for students and researchers alike, along with diverse opportunities to engage in discussions. We have also set up a state-of-the-art research laboratory where we use experiments to investigate whether people actually behave in the way that theory assumes in everyday economic life. You’ll find study conditions similar to those at a private university here in Düsseldorf, but without the costs: no tuition fees are payable at state universities in North Rhine-Westphalia.

Cutting-edge research

In recent years, the faculty has succeeded in bringing a dedicated team of leading researchers together in Düsseldorf. Nine professors teach economics at HHU and there are also more than 30 early career researchers, who are working on their habilitation or dissertation and are also involved in teaching.

With establishment of the Düsseldorf Institute for Competition Economics (DICE), an academic centre for research into the effects of competition and questions of market regulation has been created at our university, which is unique in Germany and also attracts a great deal of media interest. The following articles (in German) have been published about the university: “Marktforscher für Merkel” (Rheinische Post, 30.09.2009), “Düsseldorfer Ökonomen geben Gas” (Handelsblatt, 08.02.2010), “Konkurrenz im Westen” (Frankfurter Allgemeine Zeitung, 07.06.2010).

We conduct research into contemporary issues and analyse aspects such as how we can encourage competition in the energy, telecommunications and media sectors or make the health care system effective and efficient for all sections of the population. Many of our studies are regularly published in the world’s most renowned journals and presented at international conferences. Perhaps you can one day help to advance our research after you graduate, too?

Entry/Admission requirements

You can start the master’s degree in economics in the winter or summer semester once you’ve proven your special aptitude to enrol for the master’s degree in economics. Your special aptitude will be reviewed by a selection committee from the Faculty of Business Administration and Economics based on the documents you submit. Only the following criteria will be considered:

  • Bachelor's degree with a focus on economic science, social science or mathematical analysis, with at least 180 ECTS credits on completion of the degree course
  • Knowledge of mathematics and statistics (at least 18 ECTS credits)
  • Knowledge of subjects related to business administration or economics (at least 24 ECTS credits)
  • Final grade (at least 2.5)
  • Final dissertation (at least 10 ECTS credits)

If you’ve not completed your study programme yet, you must have earned at least 75% of the credits awarded for the entire bachelor’s study programme. You must provide proof of the required expertise when you apply. It is not possible to make up for any lacking credits during the master’s degree in economics at HHU. Subject to further changes. Only the information in the regulations on the determination of aptitude and any amendments thereof are decisive.

An online form for the determination of aptitude is available here from 1 June to 15 July and from 15 January to 28 February.

Prospective international students can check here for more information on other admission requirements to study at HHU.

Course content

This study programme focuses on research relevant to economic policy and to practical applications in politics and business. The emphasis is therefore on the latest findings and discourses in economics and economic policy. The master’s study programme comprises four compulsory modules in microeconomics, macroeconomics, econometrics and economic policy and economic policy consulting. See here for a sample course plan. In addition, elective modules can be taken in various areas during the master’s study programme. A brief overview is available below – for a complete and up-to-date list, see the module handbook. Students must complete project work and write a master’s thesis at the end of the programme.

Elective modules – economics

  • E.g. industrial economics, empirical competition economics, game theory, network economics, monetary economics, international financial markets, advanced econometrics, experimental economics and behavioural economics

Elective modules – business administration

  • E.g. marketing, human resources management, accounting and sustainability management

Other elective modules

  • E.g. business psychology, tax law, arts and culture management

 

Programme objectives/Career prospects

The training and education of our Master's students is closely dovetailed with that of our PhD students – this means that it is also possible for them to choose post-graduate courses in the electives where they will be able to learn about the latest findings in contemporary economic research.

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