Essential Study Program Details
This postgraduate study program offers a professional economic qualification on a graduate level. The basis of this program are modules in quantitative measures, micro- and macroeconomics, as well as evidence-based policy analysis. Especially the seminars in the specialization (2nd & 3rd semester) enhance the students to understand the complex institutional and social framework conditions of economic and economic-political researches and to incorporate these in scientific analysis and problem solving.
Compulsory modules (15 ECTS)
Econometrics, Microeconomic Analysis, Macroeconomic Analysis, as well
Compulsory elective modules (specialization) with 55 ECTS, including two seminars with 10 ECTS each, plus supplement modules in total of 20 ECTS.
The last (4th) semester is reserved for the module master thesis paper and the final seminar presentation (30 ECTS).
Here candidates must demonstrate their ability to work independently on a selected topic using scientific methods in order to be successfully.
* 1 ECTS stand for a work load of 30h (5 ECTS = 150h per module, goal 30 ECTS per semester)
This study program takes a strong quantitative approach.
Hence, strong knowledge in mathematics, statistics and economics (macro and micro at an minimum intermediate level) is a strict requirement for this master's and our school is not offering any preperatory courses in these important subjects.
Applicants must prove an academic degree in economics gained from a university regocnized in Germany and with a GPA from 1,0 - 2,9 according to the German grading system or....
the proven undergraduate degree is considered relevant with minimum:
60 ECTS (EU degrees) or 12 modules ( Non EU) in: economics, business administration courses plus
18 ECTS (EU degrees) or 4 courses (Non EU) in quantitative methods modules.*
* Quantitative methods module examples: advanced mathematics and statistics for managers or economicst, econometrics, operations research, quantitative methods, stochastics, probility, ... Recognition is done by the application board exclusivly and made according to the internal bachelor's program structure.
Students must demonstrate excellent written and spoken English on an English level C1, such as the knowledge and skills necessary to complete academic papers to be able to follow the lectures and take part succesfully in the time limited written and oral examinations. Examination retakes are limited by strict rule.
You can see all valid options to prove your English skills here.
TOEFL, IELTS, GRE, GMAT, CAE etc.
Letter of Motivation:
A letter of motivation with a maximum of 450 words is a mandatory for application submission. The letter has to include the following aspects:
- personal skills and capabilities helpful for the requested graduate study
- expectations regarding study program content, methods, and the process
- importance of the study program for the future professional or academic career and the interest in a the successful completation of the study program.
- English instructions and examinations exclusivly,
- Class with 30-40 students,
- International topics and guest lecturers, from Brazil, Ukraine, Nederlands, Finland, China, ....,
- Support by the university`s International Office,
- Several study abroad options for 3rd semester students,
- Large community of international students supported by international student organisations.
The university has a variety of offices to support students during their studies, including workshops and personal counseling. Specifically, this program gives its students the opportunity to visit the International Study Program Office to receive personal counseling regarding study organization and advice. At the beginning of the winter semester an academic orientation seminar is offered. Additionally, multiple presentations are held for students by students SIMP-SON, about university life and integration into German society.
The qualifications of the program Economic Policy Analysis enable students to work in management positions in all areas in public organizations, private corporations, as well as in university and non-university scientific institutions on a national and international level. Graduates are also qualified to accede to activities, which decide on, conceptualize, or analyze economic policy measures, e.g. ministries, economic research institutes, syndicates, economic analysis departments, and economic institutions for higher education.
Graduates are well-prepared for an economic Ph.D. program.
If you would like more information about career services, internships, job search counseling, job interviews, etc., please check out the Career Service Center which is an institution of the Otto-von-Guericke University Magdeburg.
Our faculty fosters well-established relationships with reputed universities in many countries. If a graduate student wishes to study abroad for one semester (the third semester is suggested), we will be happy to advise him/her and provide credit transfer counseling. Travel grants may be available on an individual basis and must be applied for. For detailed information and counseling, please visit the homepage of the International Office and the exchange program data base "MOVE ON".
There are no compulsory internship requirements; however, graduate students are encouraged to complete at least one internship over the course of their studies. This helps students gain experience within a German or international workplace environment. Internships must be self-organized. AIESEC, IAESTE, and Leonardo provide opportunities and assistance to both German and international students.
A brief introduction to the educational system in Germany for internationals:
The university system in Germany is based on a strong self-organizing structure, which includes familiarizing yourself with the study handbook and regulations. Students should be very responsible, organized, and flexible to ensure that they can finish the program successfully. A typical study week involves approximately seven lectures of 90 minutes each, plus two or three tutorials. Prior to and after attending lectures, students are required (approx. 3 hrs/wk per class) to independently study in order to expand and reinforce their understanding of the material introduced in class.
Students must expect a weekly workload of 22 to 26 hours of classroom studies, including lectures to learn new concepts and methods, tutorials to discuss concepts and practice methods, and seminars to apply the knowledge on concepts and methods by writing an academic paper and giving a presentation in a teamwork project.