Master of Science in. Economics FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCES MASTER OF SCIENCE IN ECONOMICS. The Hohenheim Master in Economics

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Master of Science in

The Hohenheim Master in Economics

Economics

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Occupational Fields:

Career Perspectives for Economists

• Economics divisions of large enterprises

• Public administration (ministries, regulatory authorities, m • Banking and financial servicesg

• Research institutes and academics • Consulting and business strategy • Development assistance

• Development assistance

• International organisations (e.g. United Nations, World Ba • Executive positions in private companies

Occupational Outlook :

• Economists are versatile generalists who boast broad inte • Trained in hard and soft skills which are in demand in all s • Specific professional knowledge that is of value in many o

s

municipalities,...)

ank, European Union, IMF, central banks)

ellectual and transferable skills sectors of the economy

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Integrati interdisc structure o structure o Excellent student-teacher ratio Located in Stuttgart

-Study eco

Hohen

Located in Stuttgart -an import-ant economic

and cultural centre

Beautiful campus around late baroque castle

ve and iplinary

of courses One of the largest of courses One of the largest

departments in Germany: 11 teaching/research units with more than 50 members

International, intercultural:

nomics at

nheim

,

foreign students, ERASMUS, HERMES, Eastern Europe

Centre

Academic excellence

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A Programme for Modern Generalis

Knowledge in Economics and Empirical Methods:

• State-of-the-art knowledge of economic theory, policy and institutions

• A deep understanding of interdependencies between social, political and economic processes • Profound education through the integration ofProfound education through the integration of

modern theoretical and empirical approachesin economics

The abilit to anal se economic problems sing • The ability to analyse economic problems using

modern scientific methods

sts

Innovative Teaching Approach: • Stimulating academic environment: strong

interaction between teaching faculty, external speakers, and students

• Soft skills through intensive team work, project assignments, and communication

S ll i

• Small group size

• Flexible, modular structure suiting students with applied as well as research-orientated interests • Interdisciplinary training

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Master of Science in Economics: S

Master of Science i Master - Thesis 18 EP* / M

18 EP Major Modules 60 EP* Minor Fields / Seminar 1 6 EP Seminar 2 6 EP

Major and 84EP

Major Field1 12 EP Major Field2 12 EP Major Field3 12 EP Majo Field 12 E Methods in Economics: 1. Introductory Econometrics 2. Optimization in Economic Theo

o

dules/ _{2. Optimization in Economic Theo}

Theoretical Foundations in Ec 1. Advanced Macroeconomics 2. Advanced Microeconomics B a sic M o 18EP

Structure

in Economics Master Colloquium Elective Modules 24 EP* large elective module 2 small elective modules or 24 EP 2x12 EP or d4 P ory 9 EP* • * Total of 120 European Credit Transfer System P i t (EP) ory conomics: 9 EP* Points (EP) • 4 half-years (terms) of full time study

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Theoretical Foundations in Econom

Learning Objectives

• Develop the technical skills required macroeconomic and microeconomic • Acquire a working knowledge of Gam

Prof. Dr. Ulrich Schwalbe _q _g _g

to analyse strategic behaviour

• Obtain a thorough understanding of t fundamental workhorse models in fundamental workhorse models in Macroeconomics to analyse question as the causes of unemployment, the determinants of economic growth andg of fiscal and monetary policy in stabil business cycles

Prof. Dr. Thomas Beißinger

mics

Curriculum

in modern analysis me Theory Ad d Mi i y the Advanced Microeconomics and Game Theory

9 EP Advanced Macroeconomics ns, such d the role Advanced Macroeconomics lising

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Methods in Economics

Learning Objectives

• Learn basic econometric tools neede understand empirical economic rese Topics include estimation and inferen

Prof. Dr. Gerhard Wagenhals

classical linear regression model, ins variables estimation, estimation of sy equations by OLS, GLS and GMM, a simultaneous equations modelling simultaneous equations modelling • Understand the essentials of constra

optimization both in static and dynam problems; master the formal toolkit re for economic modelling

Prof. Gabriel Felbermayr, PhD

Curriculum

I t d ti t E t i ed to arch. nce in the Introduction to Econometrics 9 EP Optimization in Economic Theory

strumental ystems of and Op a o co o c eo y ained mic equired 7

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Major Fields: Economics

Econometrics Economic History and History of Economic Thought Industrial Organisation and Competition Theory Innovation Economics Money and Employment Markets and Consumption Growth Economics Environmental Economics

International Trade Labour Economics

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Major Field: Econometrics

Prof. Dr. Gerhard Wagenhals

Learning Objectives

• Learn about advanced econometric tools needed to understand empirical microeconomic research and to plan and execute independent research projects plan and execute independent research projects. Topics include unobserved effects panel data models, discrete choice models, sample selection problems, and estimation of treatment effects.

• Use advanced econometric tools to understand

empirical economic research and to plan and execute independent research projects Topics include the independent research projects. Topics include the modelling and forecasting of univariate time series, of structural vector autoregressive systems,

cointegration analysis and vector error correction models.

Curriculum

Microeconometrics 6EP

Topics in Advanced Econometrics 6EP

Seminar (elective) 6EP

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Major Field: Economic History and

Prof. Dr. Harald Hagemann, Prof. Dr. Jochen

Learning Objectives

• Globalisation is not a new and surpri velopment of the late 20th_{century. W}

the driving forces and economic cons of the long-term globalisation proces

Prof. Dr. Harald Hagemann

• Learn about the historical developme different schools of economic though certain areas, such as business-cycl • Understand the historical origins and

related character of economic model make use of the materials of econom make use of the materials of econom as necessary tools in the process of theorizing

Prof. Dr. Jochen Streb

History of Economic Thought

n Streb

Curriculum

sing de-Globalisation in Long-Term We discuss sequences s

Globalisation in Long Term

Perspective 6EP Development of

Economic Thought 6EP ent of ht and e theory g d time-s, and mic history

Seminar (elective) 6EP mic history

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Major Field: Environmental Econom

Prof. Dr. Michael Ahlheim

Learning Objectives

In this major field students will learn about

• the economic causes of environmental problems, • suitable instruments of environmental policy to solve

or mitigate these problems or mitigate these problems,

• assessment techniques for the economic valuation of environmental changes,

• the principles of resource economics and sustainable development.

mics

Curriculum

Resource Economics and

Environmental Policy 6EP

Cost-Benefit Analysis and Environmental Valuation 6EP

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Major Field: Growth Economics

Prof. Dr. Harald Hagemann

Learning Objectives

• Acquire a thorough understanding of the process of

i th d th f diff i

economic growth and the sources of differences in economic performance across nations

• Understand the relationship between economic growth, productivity increases, employment and the role of new technologies

• Learn to apply theoretical concepts of modern growth pp y p g policies using empirical methods

Curriculum

Modern Economic Growth 6EP

Technology and Employment 6EP

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Major Field: Industrial Organisation

Prof. Dr. Ulrich Schwalbe

Learning Objectives

• Gain insights into the most recent theoretical h h fi b h t t i ll i approaches how firms behave strategically in markets

• Apply the insights of industrial organization and game theory to study actual problems in

competition theory and policy

• Analyse competition cases by using methods of y p y g industrial organisation and game theory

n and Competition Theory

Curriculum

Advanced Industrial Organisation 6EP

Recent Developments in Competition Theory and Policy 6EP

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Major Field: Innovation Economics

Prof. Dr. Andreas Pyka

Learning Objectives

• Understand the distinctive features of knowledge-creation and -diffusion processes for the emergence, development and disappearance of industries

development and disappearance of industries

• Learn about the role of innovation-competition, which complements and increasingly displaces standard

i titi i k l d i t i i d t i price-competition in knowledge-intensive industries • Acquire a better understanding on how the institutional

set-up of an economic system shapes the

entre-preneurial and innovative performance of an economy • Apply tools from modern complexity theories to the

Curriculum

Innovation Economics: Theory and Empirics 6EP

Recent Developments in Advanced

Innovation 6EP

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Major Field: International Trade

Prof. Gabriel Felbermayr, PhD

Learning Objectives

• Understand how globalisation affects per capita

i d i lit ithi t i d

income and inequality within countries and across the world

• Learn about phenomena such as international outsourcing, the emergence of multinational firms, international migration, foreign direct investment, or the rise of protectionism • Apply theoretical concepts to real-life issues

using state-of-the-art empirical research methods

Curriculum

Advanced International Trade: Theory 6EP

Advanced International Trade: Empirics 6EP

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Major Field: Markets and Consumpt

Prof. Dr. Michael Ahlheim, Prof. Dr. Alfonso S

Learning Objectives

• Acquire a in-depth understanding of consumers make consumption and s decisions across the life-cycle

Prof. Dr. Michael Ahlheim

• Understand when and how governm should intervene in the economy to p consumers’ interests and to increase consumers interests and to increase consumer’s welfare

• Learn how to conduct empirical stud fi ld f h h ld d

field of household and consumer eco

Prof. Dr. Alfonso Sousa-Poza

tion

Sousa-Poza

Curriculum

Consumer Economics 6EP how

savings

Consumer Economics 6EP

Consumer Policy 6EP ents

protect e

e

ies in the

i _{Seminar (elective) 6EP} onomics

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Major Field: Money and Employmen

Prof. Dr. Peter Spahn

Learning Objectives

• Theoretical foundations of monetary

macro-economics are applied to ECB policies, whose two-pillar concept serves as a starting point of Taylor pillar concept serves as a starting point of Taylor policies, inflation and monetary targeting

• A "tour d'horizon" of different monetary systems

l l d f ll l ti i li

explores leader-follower relations, economic policy conflicts, and explains the downfall of the systems • In open economies with flexible exchange rates,

dynamic processes are governed by purchasing power parity and interest rate parity. Asymmetric shocks in EMU cause national wage inflation constit ting ariable real e change rates constituting variable real exchange rates

nt

Curriculum

Macro Theory and ECB Monetary Policy 6EP

International Monetary Policy Regimes Open Economies and Monetary Unions

6EP

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Major Field: Labour Economics

Prof. Dr. Thomas Beißinger

Learning Objectives

• Use state-of-the-art models to gain insights on socio-economic problems, such as long-term

unemployment or the impact of labour market policies unemployment, or the impact of labour market policies • Analyse the welfare and incentive effects of labour

market institutions, such as trade unions, the

un-l t ti t i i

employment compensation system, minimum wages and anti-discrimination laws

• Use advanced empirical methods to evaluate labour market theories or quantify theoretical relationships • Learn about similarities and differences of labour

Curriculum

Labour Markets and the Macroeconomy 6EP

Topics in Advanced Labour Economics 6EP

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Major Field: Public Finance

Prof. Dr. Rolf Caesar, NN from Oct 1

st

_{2009 o}

Learning Objectives (tbc)

•Focus on market and policy failure, optimal regulation and institution building in the EU

•Public spending may have important effects on employment, growth and welfare

•Public debt has repercussions on the financial system p y and may have to be regulated in order to maintain macro stability

•Does the European Common Market require •Does the European Common Market require

adjustment of national fiscal policies or should a state of competition be maintained, especially in the field of taxation?

onwards

Curriculum (tbc)

State and Markets 6EP

Taxation; Public Spending and Public Debt 6EP

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List of Elective Modules: Business,

Banking and Finance Dienstleistungsmanag

Banking and Investments (Spezielles) Controlling Rechnungswesen

Medienmanagement International Managem Health Care Managem Externe Unternehmensrechnung und Besteuerung

Externe Unternehmensrechnung und Bewertung Umstrukturierung von Unternehmen

Spezialthemen der Unternehmensführung

Health Behaviour Management Informat Money and Employme Econometrics

Spezialthemen der Unternehmensführung Organisational Communication

Unternehmensnachfolge

Betriebswirtschaftliche Steuerlehre

Econometrics

Industrial Organization Markets and Consump Public Finance

Wirtschaftsprüfung (Spezialthemen der) Produktion und Logistik

Business Optimization (Applied)

Environmental Econom Growth Economics Labour Economics Marketing

Management

Economic History and International Economic

, Economics and Social Sciences

gement Wirtschaftsrecht

ment ment

Öffentliches Wirtschaftsrecht Bank- und Börsenrecht Personalpsychologie

tion Systems ent

Spezielle Personalpsychologie Managementsoziologie

Spezielle Wirtschafts- und Managementsoziologie Wirtschafts- und Unternehmensethik

n and Competition Theory ption

Wirtschafts- und Unternehmensethik Unternehmensethik

Dienstleistungsinformatik Applied Information Systems mics

History of Economic Thought cs

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Master of Science in Economics: A

General Regulations

• Admission only for the winter term

• Application deadline is usually on July15t

Ad i

i

t

Admission requirements



Bachelor’s degree in Economics or related stu



B Sc certificate must be handed in the latest



B.Sc. certificate must be handed in the latest



Verification of a good command of English (e.

Admission (1)

th

udies

on 31

st

_{December 2009}

on 31

st

_{December 2009}

.g. TOEFL or equivalent)

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Master of Science in Economics: A

Selection procedure:

Rating scheme:

• Seminar performance

• School leave examination grade (Abitur)

• Bachelor grade

• Share ot training in mathematics/statistics

S

f

• Share of training in economics

• Letter of motivation

Oth

i t

t

d

li h

t

• Other interests and accomplishments

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Roadmap Master of Science in Eco

• 15th July 2009: application deadline

• August/September 2009: admission notificat

• 13th October 2009: beginning of the program

onomics

tion

mme with an official enrolment ceremony

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Contact

Dipl.-Volkswirtin Jasmin Gröschl

Tel. +49(0)711 459 23344 j.groeschl@uni-hohenheim.de

Weitere Informationen finden Sie a

www.master-economic

Prof. Dr. Ulrich Schwalbe

Tel. +49(0)711 459 22992 schwalbe@uni-hohenheim.de