Master's Programme Applied Economics

As of winter semester 2022/2023 this programme is no longer open to new entrants. For information on the succeeding master’s programme please consult this page »

Faculty	Faculty of Economics and Statistics
Duration / ECTS-Credits	4 semesters / 120 ECTS-Credits
Academic Degree	Master of Science (MSc)
Qualification Level	Master (Second Cycle) ISCED-11: Level 7, EQF/NQF: Level 7
ISCED-F	0311 Economics
Mode of Study	Full-Time
Study Code	UC 066 975
Curriculum	Information on the Curriculum (2008W)*
Language of Instruction	English
Admission Requirements	Relevant bachelor's degree or equivalent and Language Certificates
Application

* Information on the Curriculum (2008W)

The complete version of the curriculum reflects the currently valid version of the curriculum. It is for informational purposes only and is not legally binding. The legally binding version of the curriculum, including any amendments, may be found in the University of Innsbruck Bulletins.

In order to determine which version of the curriculum is applicable in your case, see the Catalogue of Studies,
available at: https://lfuonline.uibk.ac.at/public/lfuonline_meinestudien.studienblatt
Section: Current Curriculum version.

University of Innsbruck Bulletins » (Click to open all University of Innsbruck Bulletins)

English version of the Curriculum (from October 1^st 2019)
University of Innsbruck Bulletin March 4 2020, Issue 17, No. 261 (amendment of the curriculum)
University of Innsbruck Bulletin June 2019, Issue 67, No. 596 (modification of the curriculum)
English version of the Curriculum (from October 1^st 2016)
University of Innsbruck November 30^th 2016, Issue 11, No. 83 (equivalence list)
University of Innsbruck Bulletin May 9^th 2016, Issue 28, No. 398 (modification of the curriculum)
University of Innsbruck Bulletin May 4^th 2007, Issue 52, No. 226
English version of the Curriculum

Requirements

Relevant bachelor's resp. diploma degrees at the University of Innsbruck:

Criteria for the determination of equivalence:

Admission to the master's degree programme may also be possible if a student has completed a bachelor's degree in a relevant related field. As part of the determination of equivalence, the following core areas of the completed bachelor's degree programme will be assessed:

7.5 ECTS-Credits Core Area: Theory of Economic Decisions
7.5 ECTS-Credits Core Area: Macroeconomics
7.5 ECTS-Credits Core Area: Economics and the Public Sector
7.5 ECTS-Credits Core Area: Economic Theory
7.5 ECTS-Credits Core Area: Econometrics

In the event that equivalence has been established in principle but with certain qualifications missing for full equivalence, supplemental examinations may be required. These examinations must be completed during the master degree programme.

Recommended Course Sequence

The exemplary course sequence given below is recommended for full-time students beginning their study programme in the winter semester. The table shows one possible course sequence for the bachelor's programme and is not compulsory. Delays resulting from repeated examinations are not taken into account.

The standard duration of the study programme is 4 semesters or 120 ECTS-Credits, whereby according to the Universities Act of 2002, a workload of 1,500 (real) hours per academic year must be fulfilled, corresponding to 60 ECTS-Credits (one ECTS-Credit is equivalent to a workload of 25 hours).

First Semester »

     7.5 ECTS-Credits: Mathematics
     7.5 ECTS-Credits: Statistics
   7.5 ECTS-Credits: Microeconomics
     7.5 ECTS-Credits: Game Theory

Second Semester »

7.5 ECTS-Credits: Macroeconomics
7.5 ECTS-Credits: Econometrics
15.0 ECTS-Credits: Elective modules § 7 Para 2

Third Semester »

30.0 ECTS-Credits: Elective modules § 7 Para 2

Fourth Semester »

27.5 ECTS-Credits: Master’s Thesis
2.5 ECTS-Credits: Master’s Thesis Defense

Graphic chart »

Recommended Course Sequence

Qualification Profile and Skills

The master's programme broadens and deepens knowledge in the area of economics, thus contributing to the further development of the field. The study program qualifies students for responsible positions of leadership through acquisition of skills for self-reliance, professional judgement and decision making.

The master's programme has a research focus. In addition to imparting technical knowledge, the programme aims to support the research activities of the faculty through expansion and specialization. The master's thesis that concludes the programme allows the acquired theories and methods to be applied to current issues in the field.

Graduates of the master's programme

possess sufficient knowledge of economics to adapt to new tasks quickly and independently
can apply their professional knowledge and skills to solve problems
succeed in applying, critically analyzing and further developing their knowledge and abilities in research
have acquired technical and social competences that prepare them for leadership tasks.

Expected Learning Outcomes

Graduates possess specialized knowledge in the area of economic analysis. They are capable of formulating questions scientifically, locating the relevant data, and applying current methods to analyze data. They are able to interpret the results and to communicate the conclusions competently to decision makers, both specialists and non-specialists.

Future Prospects: Occupational Profiles and Career Opportunities

Examples of occupational opportunities:

Leadership positions in committees of the EU, OECD, UN and similar organizations;
Consultant at the European Central Bank or the Österreichische Nationalbank (Austrian National Bank);
Freelance consultant (e.g. budget policy, environmental policy);
Expert consultant in local and national administration (e.g. regional planning, Ministry of Finance);
Economic researcher at the Institute for Advanced Studies, Austrian Institute of Economic Research and similar institutions;
Scientific positions at universities and other educational institutions.

Postgraduate and further Studies at the University of Innsbruck

PhD Program in Economics and Statistics

Supplementary Programme

Within the scope of the Study Programme, a Supplementary Programme corresponding to 60 ECTS-Credits may be passed. Admission to the Supplementary Programme requires the admission to or the having passed of one of the selected Study Programmes. Detailed information: https://www.uibk.ac.at/studium/angebot/es-informatik/

Information about examination regulations, assessment and grading

Examination regulations

The examination regulation is an integral part of the curriculum, detailed information can be found under the paragraph examination regulations.

Description of the applied grading system (including the grade distribution table) »

The grade distribution table is a statistical representation of the distribution of all successfully completed examinations in a given programme of study or subject (based on all registered students for the programme or subject). The grade distribution table is updated in regular intervals.

Austrian grading scheme	Definition	%-age
1	EXCELLENT: Outstanding performance	40	= 100%
2	GOOD: Generally good, but with some errors	31
3	SATISFACTORY: Generally sound work with a number of substantial errors	18
4	SUFFICIENT: Performance meets the minimum criteria	11
5	INSUFFICIENT: Substantial improvement necessary; requirement of further work

December 2021

Overall classification of the qualification

Not applicable
Explanation: An overall classification (mit Auszeichnung bestanden/pass with distinction, bestanden/pass, nicht bestanden/fail) – is awarded only for examinations that conclude a programme of study and consist of more than one subject (an examination of this type is not specified in the curriculum of this programme of study).