Master Program

'Applied Economics'

 

Faculty of Economics and Statistics

University of Innsbruck

 

 

What the new Master Program offers – Qualification profile

 

As from October 2008 the Faculty of Economics and Statistics offers a research oriented Master Program in Applied Economics.

In offering this program the Faculty of Economics and Statistics plays a leading role in the implementation of the Bologna process at the University of Innsbruck. After the introduction of the Bachelor in Management and Economics (in cooperation with the School of Management) the provision of the Master Program is a further step in the change to the new study architecture realized in 3 parts:

  • the Bachelor Program
  • the Master Program
  • the PhD Program

Qualification profile: In the Master Program the participant widens and deepens his/her knowledge in economics after having completed a Bachelor Program. The Master Program enables him/her to work scientifically and thereby forms the basis for contributions of his/her own to the subject. In addition it qualifies the student for a leading position by means of training such qualities as autonomy, a good sense of judgement and leadership. Apart from broadening the knowledge in economics the Master Program aims at promoting a specialization in the respective research programmes of the Faculty of Economics and Statistics. In the Master’s thesis the student applies the acquired theories and methods to a research issue of his/her choice.

Duration of the program: The Master Program extends over a period of two years and is completed by a Master’s Thesis.

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Qualification and occupational opportunities

 

Qualification: The Master Program prepares the participant for both a leading, planning, analyzing and counselling position in a variety of business corporations as well as for freelance activities and posts in public administration. This research oriented program also forms an excellent basis for a scientific career at a college, a university or a research centre. The graduate can also move on to a PhD program.

Graduates of the Master Program in Applied Economics

  • acquire a sufficiently deep and broad knowledge in economics enabling them to face up to new tasks quickly and self-dependently.
  • are capable of applying their knowledge and their abilities in a professional manner to solve problems in their area of expertise.
  • are able to apply the methods acquired for research, to scrutinize them carefully and develop them further.
  • acquire professional and social competences preparing them well for leading positions.

Apart from specialized knowledge we teach our students vital social and personal competences like teamwork and presentation techniques. These soft skills are considered essential for building a successful professional career.

The internationally acknowledged academic degree ‘Master of Science (MSc)’ provides graduates with the opportunity for a great variety of  professional careers:

  • leading positions in institutions of  the EU, the OECD, the U.N. and similar organizations
  • consultant at the European Central Bank or the Austrian Central Bank
  • economic consultant in areas such as public finance, environmental politics
  • consultant in the regional and national administration (regional planning, ministry of finance)
  • economic researcher at a university or college

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Structure of the program

 

Participants of the Master Program are required to gain 120 ECTS-points. (ECTS = European Credit Transfer System). The ECTS is a credit system which is valid within the EU evaluating one’s workload thus alleviating the acknowledgement of studies pursued abroad. One ECTS-point is equivalent to a workload of 25 hours of study, applying to both lessons at university and self-study.

The 120 ECTS-points required for the completion of the Master Program include 9 modules with 10 credit points each, adding up to a total of 90 credit points. Of the remaining 30 credits points 27.5 are awarded to the thesis, 2.5 credit points to the defense of the thesis (oral exam). In one academic year students are expected to gain 60 ECTS-points. Hence the Master Program comprises 2 academic years.

Modular structure: The program consists of both core and optional modules. A module usually comprises 2 courses, one being a lecture, the other a so-called interactive course (proseminar, seminar/workshop) which is offered in small groups. In the interactive courses the acquisition of soft skills like the ability for teamwork and the training of presentation techniques is an integral part of the didactic concept.

The following table represents a recommendation for a likely schedule of the Master Program and provides an overview.

 

Core modules

Optional modules

1st semester

Mathematics

Microeconomics

Game Theory

 

2nd semester

Macroeconomics

Econometrics

Optional  module 1

3rd semester

 

Optional module 2

Optional module 3

Optional module 4

4th semester

Master’s thesis and defense

 

 

In the first 2 semesters we recommend the completion of the core modules. The compulsory part of the Master Program broadens the knowledge acquired in the Bachelor Program on an advanced level. In the second year students specialize according to their professional and research interests by choosing 4 of the 14 optional modules mentioned in the following:

  1. Public Economics
  2. Environmental Economics
  3. Industrial Economics
  4. Experimental Economics and Behavioral Economics
  5. International Economics
  6. Open Economy Macroeconomics
  7. Institutional Economics
  8. Microeconometrics
  9. Time Series Analysis
  10. Economic and Social History
  11. Regional Economics
  12. Advanced Regression Analysis
  13. Gender and Economics
  14. Foundations of Empirical Finance

To complete the Master Program students are requested to write a Master’s thesis, which has to focus on economics or statistics and to meet the scientific standards of  the subject with regard to content and method. Participants are allowed to choose the topic of their thesis or can choose from a list of suggested topics. After a positive assessment of their thesis they are requested to defend it in an oral exam (defense of the Master’s thesis).

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Practical information concerning the start of the program

 

If you wish to start the Master Program in  Applied Economics in October 2008 we ask you to take the following steps: 

  • Apply for admission in the Admission Department. Please respect deadlines and have all the necessary documents ready at hand.
  • Admission to the Master Program in Applied Economics requires the completion of a Bachelor Program in Economics or Management at a university or an equivalent  program at a post secondary institution of higher education.
  • After admission you are required to enroll for the modules electronically (Computer registration). You are provided with an e-mail account and an ID for the use of the portal LFU:online. It is via this portal that you enrol for both the modules/courses and the examinations. It also enables you to acquire the necessary information about your program and your personal data.


    Admission Department

    LFU:online

    Computer registration 


Before the start of the academic year the Österreichische Hochschülerschaft (Austrian representative students’ body) provides special information sessions with regard to the planning of your program and electronic enrolment.

If you have any further questions, please do not hesitate to contact us.
For inquiries please refer to Dekan-economics@uibk.ac.at