Area Empirical Economics and Econometrics


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

CategoryCredit points (ECTS)
Elective modules (without seminars)45
Elective modules (seminars)5

Structure Minor

CategoryCredit points (ECTS)
Elective modules20

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 Winter1 5 Macroeconomics
International Trade Econometrics English Sommer 5 Macroeconomics
Introduction to Applied Econometrics English Winter 5 Macroeconomics
Advanced Econometrics English Winter 5 Statistics
Advanced Statistics English Winter 5 Statistics
Computerintensive Statistics English irregular 5 Statistics
Financial Econometrics English Winter 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
Lecture Series: Financial Markets and the Global Challenges English Summer 5 Finance and Commodity Markets
Advanced Monetary Macroeconomics English Winter 5 Money and International Finance
Empirical Methods for Policy Evaluation in Public Economics English Summer 5 Public Finance
Econometric Methods German Winter 5 Economic Policy

1 Not in winter 23/24

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
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 Empirical Economics and 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 econometricians, the job prospects with this Masterarea are outstanding. Empirically oriented economists and econometricians 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.