Prof. Dr. Martin Gassebner
Institute of Macroeconomics
Subject
In today's information society, more and more findings of economic research as well as corporate decisions are based on the evaluation and interpretation of data. The focus of the internationally oriented Masterarea is the teaching of competences in the fields of economics, statistics and econometrics. The Masterarea thus conveys the understanding of complex economic issues and modeling approaches. At the same time, the statistical-econometric equipment is taught to independently evaluate and interpret economic data responsibly and accurately. The Masterarea thus pursues a multidisciplinary approach and is located at the interface between economics and econometrics and thus offers the best conditions for a later success in professional life.
Structure Major
| Category | Credit points (ECTS) |
|---|---|
| Compulsory modules | |
| Elective modules (without seminars) | 45 |
| Elective modules (seminars) | 5 |
| Total: | 50 |
Structure Minor
| Category | Credit points (ECTS) |
|---|---|
| Elective modules | 20 |
| Total: | 20 |
Detailed structure
The modules have to be taken in semesters 1-3. In the first semester, it is recommended to attend the modules "Advanced Statistics", "Advanced Econometrics" and "Advanced Macroeconomics". Since all the elective module offers are prospective, changes are possible.
Elective modules (without seminars) Major / Elective modules Minor
| Module / Course | Language | Semester | CP (ECTS) | Institute |
|---|---|---|---|---|
| Advanced Macroeconomics | English | Winter | 5 | Macroeconomics |
| Advanced Macroeconomics II | English | Winter | 5 | Macroeconomics |
| Economic Revolutions | English | Winter | 5 | Macroeconomics |
| Economics of Terrorism | English | Summer | 5 | Macroeconomics |
| Empirical Development Economics | English | irregular | 5 | Macroeconomics |
| International Trade Econometrics | English | Summer2 | 5 | Macroeconomics |
| Introduction to Applied Econometrics | English | Winter | 5 | Macroeconomics |
| Advanced Predictive Methods | English | Summer | 5 | Econometrics and Data Science |
| Causal Machine Learning | English | Summer | 5 | Econometrics and Data Science |
| Financial Econometrics | English | Winter1 | 5 | Econometrics and Data Science |
| Advanced Econometrics | English | Winter | 5 | Statistics |
| Advanced Statistics | English | Winter | 5 | Statistics |
| Computerintensive Statistics | English | irregular | 5 | Statistics |
| Machine Learning | English | Summer | 5 | Statistics |
| Multivariate Statistics | English | irregular | 5 | Statistics |
| Nonparametric Statistical Methods | English | irregular | 5 | Statistics |
| Statistical Database Management | English | Winter | 5 | Statistics |
| Statistical Programming | English | Summer | 5 | Statistics |
| Stochastic Processes for Option Pricing | English | Winter1 | 5 | Statistics |
| Time Series Analysis | English | Summer | 5 | Statistics |
| Advanced Time Series Analysis | English | Winter | 5 | Statistics |
| Advanced Monetary Macroeconomics | English | Winter1 | 5 | Money and International Finance |
| Empirical Methods for Policy Evaluation in Public Economics | English | Summer2 | 5 | Public Finance |
| Econometric Methods | English | Winter1 | 5 | Economic Policy |
| Education Economics | English | Summer | 5 | Economic Policy |
1 Not in winter 25/26
2 Not in summer 2026
Elective modules (seminars) Major / Elective modules Minor
Examination form: Seminar Paper
| Module / Course | Language | Semester | CP (ECTS) | Institute |
|---|---|---|---|---|
| Seminar Empirical Economics | English | Summer | 5 | Macroeconomics |
| Seminar Empirical Research | English | Winter | 5 | Macroeconomics |
| Master Seminar on Data Science & Econometric Methods | English | Summer | 5 | Econometrics and Data Science |
| Seminar Econometrics | English | Winter | 5 | Statistics |
Research and practical relevance
The Masterarea prepares well for a career in research, economic consulting and business. Students in the Masterarea are brought to the margins of current econometric and economic research. The taught concepts are used to solve practical problems. The participating institutes cooperate with numerous companies and the international research community, so that applied content can be included in the lectures and assistance in the organization of internships can be offered.
Intended audience (Recommended skills)
The Masterarea Data Science and Applied Econometrics addresses economics-interested students with a tendency towards data-based work. It is aimed at students who want to learn theoretical concepts and let them undergo an empirical examination.
Career prospects
Due to the high demand of data scientists , the job prospects with this Masterarea are outstanding. Empirically oriented economists and data scientists work in addition to research and consulting in almost all major companies. Due to the ever-increasing importance of data analysis in times of high data availability (big data), the competent evaluation of this data is becoming increasingly important in companies as well. The demand for persons with solid empirical-econometric knowledge currently exceeds the supply many times over.
