Area Economic Policy and Theory

SUBJECT

Why do people found companies? Why and how does innovation emerge? How to achieve equal educational opportunities and high educational levels? Political frameworks have a fundamental impact on the behavior of individuals and companies. In consequence, they affect both directly and indirectly the economic prosperity of a nation, as well as all over the world. Governmental interventions condition among others individual educational opportunities and labor market opportunities, the opportunity to innovate or the protection against risks (e.g. in the form of social insurances, the tax and the subsidy system). If designed and implemented adequately, they contribute to sustainable growth and social balance. Otherwise, they could damage individuals and overall society due to misallocation and ensuing inefficiencies. Accordingly, the investigation of the causal effects of economic-political interventions is a focal point of modern economics.

The quantitative and microeconomic oriented area of Economic Policy and Theory imparts the theoretical foundations on relevant nexuses and modern methods from game theory, behavioral economics, experiments (randomized control trials, RCTs) and quasi-experiments/econometrics. Based on this, the elective area offers courses on a broad range of topics covering important realms of economic policy, from which students are free to choose courses suiting their interests.

STRUCTURE MAJOR

CategoryCredit points (ECTS) Credit points (ECTS), Changes in Winter 19/20
Compulsory modules1510
Elective modules (without seminars)3035
Elective module (seminar)55
Total:5050

STRUCTURE MINOR

CategoryCredit points (ECTS) Credit points (ECTS), Changes in Winter 19/20
Compulsory modules1510
Elective modul 510
Total:2020

DETAILED STRUCTURE

The modules have to be taken in semesters 1-3. Since all the elective module offers are prospective, changes are possible.

Compulsory modules Major / Elective modules Minor

Module / CourseLanguageSemesterExamination formCP (ECTS)
Institute
MicroeconomicsGermanWinterWritten Examination 60 min5Microeconomics
Foundations of Economic Policy GermanSummer Written Examination 60 min 5 Economic Policy

Elective modules (without seminars) Major / Elective modules Minor

Module / CourseLanguageSemesterCP (ECTS)Institute
Data AnalyticsGerman / EnglishWinter and summer5Labour Economics
Intergenerational Mobility English Summer 5 Labour Economics
Working with Survey DataEnglishWinter5Development and Agricultural Economics
Advanced Asset Pricing English Winter5Finance and Commodity Markets
Financial Crises English Summer 5 Money and International Finance
Monetary Theory and Policy English Winter5Money and International Finance
Applied Health Economics English Summer5Health Economics
Wirtschaftspolitische Beratung und Politikevaluation in Gesundheitsmärkten German Summer 5 Health Economics
Advanced MacroeconomicsEnglish Winter 5Macroeconomics
Topics in Dynamic Optimization English Winter 5 Microeconomics
Topics in Game Theory German Summer5Microeconomics
Staatsverschuldung German Only summer 20225Public Finance
Advanced Econometrics English Winter5Statistics
Energy Economics English Winter5 Environmental Economics and World Trade
Environmental Economics English Winter5 Environmental Economics and World Trade
World TradeEnglishirregular5Environmental Economics and World Trade
Sekundärdatenanalyse als Evaluationsmethode German Summer5 Risk and Insurance
Distribution Theory English Summer5 Economic Policy
Econometric MethodsGermanWinter5Economic Policy
Incentives to Innovate English Summer5 Economic Policy

 

 

 

Elective modules (seminars) Major / Elective modules Minor

Examination form: Seminar Paper

Module / CourseLanguageSemesterCP (ECTS)Institute
Seminar Population EconomicsEnglishWinter and summer5 Labour Economics
Forschungsseminar English Winter and summer 5 Microeconomics
Seminar in Game Theory German Summer 5 Microeconomics
Master Research Seminar Applied Economic Policy GermanWinter and summer5Economic Policy
Seminar Applied Economics EnglishWinter and summer5 Economic Policy
Seminar Accounting, Taxation and Innovation English Winter5 Economic Policy
Seminar Ethics and Economics English Summer5 Economic Policy

 

 

RESEARCH AND PRACTICAL RELEVANCE

The area of Economic Policy and Theory conveys - orientated at international standards - state-of-art knowledge in research and application in order to enable students to structure and analyze economic-political questions. By combining theory and quantitative methods, students learn key skills for the critical evaluation, appropriate communication and development of problem solutions. They gain relevant knowledge on the application and advancement of modern evidence-based economic research about identifying causal effects. In an attractive seminar program, skills and competencies are further deepened and applied to current questions. In addition, the great range of elective modules allows students to follow their interests.

INTENDED AUDIENCE (RECOMMENDED SKILLS)

The area of Economic Policy and Theory addresses students that are interested in economic questions and want to understand and analyze them based on quantitative and behavioral methods.

CAREER PROSPECTS

Graduates from the area Economic Policy and Theory have acquired an in-depth understanding of economic issues. They can effectively communicate, critically assess and further advance economic insights. Due to their analytic and professional skills they can be employed as economists in a wide range of exciting occupations, both nationally and internationally. Graduates typically gain high-ranked positions in business and finance, government, economic organizations as well as in academic and non-academic research institutions.