Overview

Overview

The Department of Economics at LMU Munich offers a 4-semester Master Program in Economics taught in English, starting each year in October (winter term). Upon successful completion of the program, students are awarded a Master of Science (M.Sc.) degree.

Building upon thorough training in Economics at the Bachelor’s level, the Master Program provides students with analytical and logical problem-solving skills, deepens their knowledge of Economics and brings them to the frontiers of current research.

Master students are trained for a demanding international professional career, and/or for an academic career in high-level economic research. 

Program Structure

Compulsory Modules

Mathematics for Economists (6 ECTS)

Content

The module presents the mathematical methods underlying various economic theories and applications.

Learning objectives

The aim is to provide students with the mathematical background that is necessary for their subsequent study of economics.

Econometrics (6 ECTS)

Content

This module presents the methods of econometrics, the field of economics that combines the methods of statistical estimation with economic theory.

Learning objectives

On completion, students will be able to conduct empirical studies using econometric methods, with the goal of testing the predictions of theoretical models and of forecasting the economic decisions of individuals, households, and firms. Moreover, students will be capable of following current developments in the literature and assessing their relevance for their own research.

Microeconomics (6 ECTS)

Content

This module introduces graduate students to some of the most important and most commonly used microeconomic methods. The module offers an introduction to neoclassical decision theory and game theory (strategic decision making), models of imperfect competition and information economics. Furthermore, basic models of optimal contracting under informational asymmetries are introduced.

Lerning Objectives

The aim of the module is to equip students with the methods of microeconomic analysis.

Macroeconomics (6 ECTS)

Content

This course deals with advanced macroeconomic models, especially: Economic Growth, Overlapping Generations (OLG) Models, Economic Fluctuations

Lerning Objectives

The aim of the module is to equip students with the methods of macroeconomic analysis.

Public Economics (6 ECTS)

Content

The module analyses the problems and policy trade-offs for modern welfare state under conditions of increasing economic integration.

Lerning Objectives

Students should learn to analyze the fundamental policy trade-offs between efficiency and equity goals in modern welfare states using modern theoretical and empirical methods.

Master's Thesis (30 ECTS)

Content

In the Master’s thesis students prove their ability to independently apply the scientific methods of economics and to write an original piece of research.

Learning objectives

Students should build up detailed knowledge of a specific issue in economics. The Master's thesis, which concludes your studies, should be an independently written research thesis in any area of economics. A suitable supervisor for your Master’s thesis can be chosen from all the Professors of the department who are teaching during the period you are writing your thesis. Please see the information on the planned sabbatical semesters of professors.

Optional Modules

Studies in Economic Theory (12 ECTS)

Content

This module deals with modern economic theory. It covers topics that are of specific importance for independent scientific work.

Learning objectives

The aim is to bring students close to the current research frontier in economic theory, seeking to impart profound knowledge of the respective topic and to prepare them for independent research in this field.

Classes offered in this OM will have 6 hours/week; hours may be blocked. For selected courses (held in seminar style), registration (via LSF) will be necessary. A List of relevant courses will be published in advance.

Topics in Economic Theory A (6 ECTS)

Content

This module deals with modern economic theory. It covers topics that are of specific importance for independent scientific work.

Learning objectives

The aim is to bring students close to the current research frontier in economic theory and to prepare them for independent research in this field.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Topics in Economic Theory B (6 ECTS)

Content

This module deals with modern economic theory. It covers topics that are of specific importance for independent scientific work.

Learning objectives

The aim is to bring students close to the current research frontier in economic theory and to prepare them for independent research in this field.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Studies in Economic Analysis and Empirical Economics (12 ECTS)

Content

This module covers the analysis of economic problems with theoretical and empirical methods at an advanced level. It covers methods that are of specific importance for independent scientific work.

Learning objectives

The aim is to enable students close to use these theoretical and empirical methods for all kinds of economic problems, seeking to impart profound knowledge of the respective methods and to prepare them for independent research in economics.

Classes offered in this OM will have 6 hours/week; hours may be blocked. For selected courses (held in seminar style), registration (via LSF) will be necessary. A List of relevant courses will be published in advance.

Topics in Economic Analysis and Empirical Economics A (6 ECTS)

Content

This module covers the analysis of economic problems with theoretical and empirical methods at an advanced level. It covers methods that are of specific importance for independent scientific work.

Learning objectives

The aim is to enable students to use these theoretical and empirical methods for all kinds of economic problems and to prepare them for independent research in this field.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Topics in Economic Analysis and Empirical Economics B (6 ECTS)

Content

This module covers the analysis of economic problems with theoretical and empirical methods at an advanced level. It covers methods that are of specific importance for independent scientific work.

Learning objectives

The aim is to enable students to use these theoretical and empirical methods for all kinds of economic problems and to prepare them for independent research in this field.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Studies in Public Economics (12 ECTS)

Content

This module deepens students’ knowledge in specific areas of public sector economics and introduces students to the current state of research in this field.

Learning objectives

Students are familiarized with current research in public economics and learn to apply modern theoretical and empirical methods to independently analyze selected problems in public sector economics, seeking to impart profound knowledge of the respective topic and to prepare them for independent research in this field.

Classes offered in this OM will have 6 hours/week; hours may be blocked. For selected courses (held in seminar style), registration (via LSF) will be necessary. A List of relevant courses will be published in advance.

Topics in Public Economics A (6 ECTS)

Content

This module deepens students’ knowledge in specific areas of public sector economics and introduces students to the current state of research in this field.

Learning objectives

Students are familiarized with current research in public economics and learn to apply modern theoretical and empirical methods to independently analyze selected problems in public sector economics.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Topics in Public Economics B (6 ECTS)

Content

This module deepens students’ knowledge in specific areas of public sector economics and introduces students to the current state of research in this field.

Learning objectives

Students are familiarized with current research in public economics and learn to apply modern theoretical and empirical methods to independently analyze selected problems in public sector economics.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Studies in Economic Research (12 ECTS)

Content

This module presents research fields in economics (e.g., game theory, behavioral economics, taxation) at an advanced level. Classes are recommended for those students, who want to proceed their studies at the scientific/doctoral level.

Learning objectives

Students are familiarized with the frontier of current research, seeking to impart profound knowledge of the respective topic and to prepare them for independent research in this field.

Classes offered in this OM will have 6 hours/week; hours may be blocked. For selected courses (held in seminar style), registration (via LSF) will be necessary. A List of relevant courses will be published in advance.

Topics in Economic Research A (6 ECTS)

Content

This module presents research fields in economics (e.g., game theory, behavioral economics, taxation) at an advanced level. Classes are recommended for those students, who want to proceed their studies at the scientific/doctoral level.

Learning objectives

Students are familiarized with the frontier of current research.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Topics in Economic Research B (6 ECTS)

Content

This module presents research fields in economics (e.g., game theory, behavioral economics, taxation) at an advanced level. Classes are recommended for those students, who want to proceed their studies at the scientific/doctoral level.

Learning objectives

Students are familiarized with the frontier of current research.

Classes offered in this OM will have 4 hours/week; hours may be blocked.

Entry Requirement

Admission to the Master Program in Economics is determined by a selection procedure that assesses a student’s suitability for the program. This procedure establishes whether applicants who have obtained their Bachelor’s qualification in Economics (or in a subject that is similar in terms of content and methodology) at universities other than LMU are able to fulfil the particular requirements for participation in the Master program.

Requirements include a good understanding of the subjects and methods covered in a Bachelor’s Program in Economics, particularly in Microeconomics, Macroeconomics and Empirical Economics.

In addition to their qualification in Economics applicants must be able to prove that they have sufficient command of the English language 


Request info

Want to know more about this program, Art - Design? Fill out the following form and include any questions you have. This information will be sent directly to the school, and a representative will respond to your enquiry.


Contact Information

whatsapp chat