Area Economic Policy and Theory


The area Economic Policy and Theory offers a comprehensive program in Theoretical Economics and Political Economy. It is geared to international standards, provides training in up-to-date methods and follows a mainly quantitative and microeconomic approach.

The core courses in the area equip students with the main principles, applications and tools of modern, micro-oriented Economics. On top of this, a rich assortment of elective courses will be offered that covers all major fields in Economics and Political Economy. Here, students can specialize according to their interests and preferences.


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


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


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)
MicroeconomicsGermanWinterWritten Examination 60 min5Microeconomics
Econometric MethodsGermanOnly in Winter 18/19Written Examination 60 min5Economic Policy
Topics in Game Theory (Foundations of Economic Policy)EnglishOnly in Summer 2019Written Examination 60 min5 Microeconomics
Foundations of Economic Policy GermanFirst in summer term 2020 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
Working with Survey DataEnglishWinter5Development and Agricultural Economics
Financial Markets I: Asset Pricing English Winter5 Financial 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 MacroeconomicsEnglishWinter5Macroeconomics
Topics in Game Theory German Summer5Microeconomics
Internationale Besteuerung German Winter15 Public Finance
Staatsverschuldung German Summer5 Public Finance
Währungsunionen German irregular5 Public 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
Modellierung als Methode zur Kosten- und Nutzenabschätzung German Summer5 Risk and Insurance
Sekundärdatenanalyse als Evaluationsmethode German Summer5 Risk and Insurance
Distribution Theory English Summer2 Risk and Insurance, Economic Policy
Econometric MethodsGermanFirst in winter term 20/215Economic Policy
Incentives to Innovate English Summer Economic Policy

1 Cancelled in winter 19/20
2 Cancelled in summer 2020



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
Master Research Seminar Applied Economic Policy GermanWinter1 and summer5Economic Policy
Seminar Applied Economics EnglishWinter and summer5 Economic Policy

1 Not in Winter 19/20


In their studies of Economic Policy and Theory students acquire key skills and up-to-date methods that will enable them to analyse complex issues in Economics and Political Economy. Students can critically assess economic findings and solutions, communicate them responsibly and even develop them for select fields. Keeping with international standards, the program teaches the state of the art in research and real-life applications.


The area Economic Policy and Theory is intended for students who are strongly interested in economic issues and who want to analyse them with scientific and quantitative methods. It is designed for students with a solid background in Microeconomics, Macroeconomics and Political Economy and with good knowledge in quantitative empirical techniques (econometrics, statistics).


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.