Master's Programme Experimental and Empirical Economics

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 (2022W)*
Language of Instruction	English
Admission Requirements	Relevant bachelor's degree or equivalent and Language Certificates
Application

* Information on the Curriculum (2022W)

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)

Requirements

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

Proof of general university entrance qualification:

The general university entrance qualification for admission to a master's programme must be proven by the completion of a subject-related bachelor's programme, another subject-related programme of at least the same higher education level at a recognised domestic or foreign post-secondary educational institution, or a program defined in the curriculum of the master's programme. To compensate for significant differences in subject matter, supplementary examinations (maximum 30 ECTS credits) may be prescribed, which must be taken by the end of the second semester of the master's programme.

The rectorate may determine which of these supplementary examinations are prerequisites for taking examinations provided for in the curriculum of the master's programme.

In the course of the proof of the general university entrance qualification, the completion of the following core areas within the framework of the completed bachelor's degree programme shall be examined in any case:

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

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 module

Third Semester »

30.0 ECTS-Credits: Elective modules

Fourth Semester »

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

Graphic chart »

in progress

Qualification Profile and Skills

The master’s programme advances and deepens the subject-specific knowledge in the field of economics and lays the foundations for the further development of the subject. The master’s programme qualifies students for independent and managerial work by guiding them to be independent, by sharpening their ability to judge and promoting their ability to make decisions.

The master’s programme is research-based. In addition to expanding the subject-specific knowledge, the master’s programme aims above all at a specialisation in the faculty’s main research areas. In the final Master’s Thesis, the theories and methods learned are applied independently to current subject-related issues.

Graduates of the master’s programme

have sufficient economic knowledge to familiarise themselves independently and quickly with new tasks.
can apply their knowledge and skills professionally in order to solve problems in their field.
are able to successfully apply the acquired methods in research, to critically question them and to develop them further.
have acquired professional and social competences that prepare them well for leadership tasks.

Expected Learning Outcomes

Graduates have specialised knowledge in the field of economic analysis. They are able to formulate problems in a professional manner, search for the appropriate data sets and apply the latest methods to these sets. They have the ability to interpret the results obtained and to communicate the conclusions competently to decision-makers who are not experts in the field.

Future Prospects: Occupational Profiles and Career Opportunities

Examples of occupational opportunities:

executives in bodies of the EU, OECD, UN and similar organisations;
officers at the European Central Bank or the Austrian National Bank;
freelance consultants (e.g. budget policy, environmental policy);
specialist officers in the state and federal administration (e.g. spatial planning, Ministry for Finance);
economic researcher at the “Institute for Advanced Studies”, at the Austrian Institute for Economic Research and similar institutions;
scientific staff at a university or university of applied sciences;

Postgraduate and further Studies at the University of Innsbruck

PhD Program in Economics and Statistics

Minor

As part of the Master’s Programme, a Minor of 30 ECTS-Credits can be completed.

More information and a list of possible Minors can be found at:
https://www.uibk.ac.at/studium/angebot/wahlpakete/

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		= 100%
2	GOOD: Generally good, but with some errors
3	SATISFACTORY: Generally sound work with a number of substantial errors
4	SUFFICIENT: Performance meets the minimum criteria
5	INSUFFICIENT: Substantial improvement necessary; requirement of further work

to be updated

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).