StudyQA — Master: Quantitative Economics

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The Master's programme in Quantitative Economics at Kiel University imparts a broad, sound and critical knowledge of theoretical and applied economics, statistics and econometrics. The main objective of the Master's course is to enable graduates to discuss and interpret the essential concepts and methods used in the economic and econometric sciences, evaluate the main research methods employed in the fields, draw upon the knowledge they have acquired to deal independently with complex situations, and develop and implement ideas of their own. Graduates will be able to analyse economic and econometric problems and to conduct empirical investigations displaying a high degree of complexity. In addition, they will possess a critical understanding of the scientific concepts and methods they have learned.

Educational organisation

The Master's programme is organised in four parts:

Core and specialisation courses in Economics (40 ECTS)
Quantitative (core and specialisation) courses (40 ECTS)
Minor subject (10 ECTS)
Master's thesis (30 ECTS)

During the first three semesters, the core courses Advanced Microeconomics, Advanced Macroeconomics, Econometrics I, II and III and Advanced Statistics I, II and III are obligatory.

The second and third semesters offer specialisation courses in Economics and Applied Empirical Methods. In Economics, students can choose from the modules Applied Microeconomics, Macroeconomics & Growth, Theory of Financial Economics, International Economics, Spatial Economics, Public Economics and Environmental & Resource Economics. Quantitative specialisation courses to choose from include Panel Econometrics, Macroeconometrics, Multivariate Time Series Analysis and Forecasting, Microeconometrics, Univariate Time Series Analysis, Time Series Analysis in Data-Rich Environments, Nonstationary Time Series and Panel Analysis, Nonlinear Regression Models, Multivariate Methods, Labour Econometrics, Spatial Econometrics, Econometrics for Financial Markets, Statistics for Financial Markets and Portfolio Analysis.

Furthermore, students choose a minor subject from another discipline. This minor subject can be Business, Computational Sciences, Business Information Systems, Economics, Mathematics, Social Sciences, Political Sciences, Agricultural Economics or Empirical Economics. (At present, Economics and Empirical Economics are the only minor subjects for which English is guaranteed as the teaching language.)

The fourth semester is reserved for completion of the Master's thesis.

Study abroad unit(s)

None

Forms of assessment

Written exams, oral exams, term papers, presentations, Master's thesis

Course objectives

Graduates will be equipped with key qualifications and the social skills relevant both for academic work and for more practically oriented professions in the areas of public administration, organisations, business and industry. These include the ability to plan working processes without assistance, to present material in an appropriate manner, and to communicate and cooperate with others.

Language requirements

Proof of English language skills by either C1/CEFR, TOEFL (paper-based, at least 550), IELTS (at least 6.5) or an equivalent test or Bachelor's degree in a programme in which the language of instruction was English

Academic requirements

Applicants are expected to hold a Bachelor's degree or a comparable university degree (minimum grade 2.5) with a regular duration of university education of three years or more, and 180 ECTS credit points or more.
At least 35 of 180 total credit points in the Bachelor's degree must have been attained in courses on principles of economics (i.e., courses on microeconomic theory and courses on macroeconomic theory) with no overlapping in substance, and in courses on quantitative methods with no overlapping in substance.
At least 10 of 180 total credit points in the Bachelor's degree must be composed of credit points in courses on micro- and macroeconomics.
At least 8 of 180 total credit points in the Bachelor's degree must be composed of credit points in courses on mathematics.
At least 10 of 180 total credit points in the Bachelor's degree must be composed of credit points in courses on statistics.
At least 4 of 180 total credit points in the Bachelor's degree must be composed of credit points in courses on econometrics.
Applicants with a minimum overall grade of 3.0 may also be eligible to participate in the Master's programme in Quantitative Economics if the weighted average grade (weighted with the credit points) in courses on economics and quantitative methods is at least 2.5.

Enrolment fees

An enrolment fee ("Einschreibegebühr") currently amounting to 55 EUR is charged for the first enrolment at Kiel University.
A semester contribution ("Semesterbeitrag") currently amounting to approx. 120 EUR must be paid each semester. This covers free public transport ("Semesterticket"), reduced lunch prices, and other financial benefits for students.
For the latest information, see: www.studium.uni-kiel.de/de/studium-organisieren/studienangelegenheiten/rueckmeldung

Costs of living

Monthly expenses in Kiel (e.g., for housing, food) range between 700-800 EUR, depending on individual needs.

Arrival support

The International Center at Kiel University offers a wide range of services and will support international students with any questions related to a successful arrival in Kiel.
See: http://www.international.uni-kiel.de/en