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Transcript of 1 Master of Science in Economics FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCES MASTER OF...
1
Master of Science in Economics
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Occupational Fields:
• Economics divisions of large enterprises
• Public administration (ministries, regulatory authorities, municipalities,...)
• Banking and financial services
• Research institutes and academics
• Consulting and business strategy
• Development assistance
• International organisations (e.g. United Nations, World Bank, European Union, IMF, central banks)
• Executive positions in private companies
Occupational Outlook :
• Economists are versatile generalists who boast broad intellectual and transferable skills
• Trained in hard and soft skills which are in demand in all sectors of the economy
• Specific professional knowledge that is of value in many organisations and firms
Career Perspectives for Economists
The Hohenheim Master in Economics Programme Details Application and Admission 2
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Beautiful campus around late baroque castle
Integrative and interdisciplinary
structure of courses
Study economics at Hohenheim
International, intercultural: foreign students, ERASMUS,
HERMES, Eastern Europe Centre
Excellent student-teacher ratio
Located in Stuttgart -an important economic
and cultural centre
One of the largest departments in Germany: 11 teaching/research units
with more than 50 members
Academic excellence
The Hohenheim Master in Economics Programme Details Application and Admission 3
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
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 of
modern theoretical and empirical approaches
in economics
• The ability to analyse economic problems using
modern scientific methods
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
• Small group size
• Flexible, modular structure suiting students with
applied as well as research-orientated interests
• Interdisciplinary training
A Programme for Modern Generalists
The Hohenheim Master in Economics Programme Details Application and Admission 4
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Master of Science in Economics: Structure
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Master of Science in Economics
Master - Thesis 18 EP* / Master Colloquium
Methods in Economics:
1.Introductory Econometrics
2.Optimization in Economic Theory
Theoretical Foundations in Economics:
1. Advanced Macroeconomics 2. Advanced Microeconomics
Bas
ic M
odul
es/
18E
PM
ajor
and
Min
or F
ield
s /
84E
P
Major Field1
12 EP
18 E
P
large elective module
24 EP
Major Field2
12 EP
2 small elective modules
2x12 EP
or
Major Field3
12 EP
Major Field4
12 EP
Seminar 1 6 EP
Seminar 2 6 EP
Major Modules Elective Modules 60 EP* 24 EP*
9 EP*
9 EP*
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
• * Total of 120 European
Credit Transfer System
Points (EP)
• 4 half-years (terms) of
full time study
Theoretical Foundations in Economics
Learning Objectives
• Develop the technical skills required in modern
macroeconomic and microeconomic analysis
• Acquire a working knowledge of Game Theory
to analyse strategic behaviour
• Obtain a thorough understanding of the
fundamental workhorse models in
Macroeconomics to analyse questions, such
as the causes of unemployment, the
determinants of economic growth and the role
of fiscal and monetary policy in stabilising
business cycles
Curriculum
Advanced Microeconomics and Game Theory
9 EP
Advanced Macroeconomics
6
Prof. Dr. Ulrich Schwalbe
Prof. Dr. Thomas Beißinger
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Methods in Economics
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Curriculum
Introduction to Econometrics
9 EP
Optimization in Economic Theory
Learning Objectives
• Learn basic econometric tools needed to
understand empirical economic research.
Topics include estimation and inference in the
classical linear regression model, instrumental
variables estimation, estimation of systems of
equations by OLS, GLS and GMM, and
simultaneous equations modelling
• Understand the essentials of constrained
optimization both in static and dynamic
problems; master the formal toolkit required
for economic modelling
Prof. Dr. Gerhard Wagenhals
Prof. Gabriel Felbermayr, PhD
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Fields: Economics
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International Trade
Growth Economics
Public Finance
Labour Economics
EconometricsEconomic History
and History of Economic Thought
Money and Employment
Markets and Consumption
Industrial Organisation and
Competition TheoryInnovation Economics
Environmental Economics
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: EconometricsProf. Dr. Gerhard Wagenhals
Learning Objectives
• Learn about advanced econometric tools needed to
understand empirical microeconomic research and to
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
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
The Hohenheim Master in Economics Programme Details Application and Admission 9
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: Economic History and History of Economic ThoughtProf. Dr. Harald Hagemann, Prof. Dr. Jochen Streb
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Curriculum
Globalisation in Long-Term Perspective 6EP
Development of Economic Thought 6EP
Seminar (elective) 6EP
Learning Objectives
• Globalisation is not a new and surprising de-
velopment of the late 20th century. We discuss
the driving forces and economic consequences
of the long-term globalisation process
• Learn about the historical development of
different schools of economic thought and
certain areas, such as business-cycle theory
• Understand the historical origins and time-
related character of economic models, and
make use of the materials of economic history
as necessary tools in the process of economic
theorizing
Prof. Dr. Harald Hagemann
Prof. Dr. Jochen Streb
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: Environmental EconomicsProf. Dr. Michael Ahlheim
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Curriculum
Resource Economics and Environmental Policy 6EP
Cost-Benefit Analysis and Environmental Valuation 6EP
Seminar (elective) 6EP
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,
• assessment techniques for the economic valuation
of environmental changes,
• the principles of resource economics and
sustainable development.
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: Growth EconomicsProf. Dr. Harald Hagemann
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Learning Objectives
• Acquire a thorough understanding of the process of
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
policies using empirical methods
Curriculum
Modern Economic Growth 6EP
Technology and Employment 6EP
Seminar (elective) 6EP
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: Industrial Organisation and Competition TheoryProf. Dr. Ulrich Schwalbe
Learning Objectives
• Gain insights into the most recent theoretical
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
industrial organisation and game theory
Curriculum
Advanced Industrial Organisation 6EP
Recent Developments in Competition Theory and Policy 6EP
Seminar (elective) 6EP
The Hohenheim Master in Economics Programme Details Application and Admission 13
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Major Field: Innovation EconomicsProf. Dr. Andreas Pyka
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Learning Objectives
• Understand the distinctive features of knowledge-
creation and -diffusion processes for the emergence,
development and disappearance of industries
• Learn about the role of innovation-competition, which
complements and increasingly displaces standard
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
analysis of dynamic network-based innovation
processes
Curriculum
Innovation Economics: Theory and Empirics 6EP
Recent Developments in Advanced Innovation 6EP
Seminar (elective) 6EP
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Major Field: International TradeProf. Gabriel Felbermayr, PhD
Curriculum
Advanced International Trade: Theory 6EP
Advanced International Trade: Empirics 6EP
Seminar (elective) 6EP
Learning Objectives
• Understand how globalisation affects per capita
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
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FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Major Field: Markets and ConsumptionProf. Dr. Michael Ahlheim, Prof. Dr. Alfonso Sousa-Poza
16
Curriculum
Consumer Economics 6EP
Consumer Policy 6EP
Seminar (elective) 6EP
Learning Objectives
• Acquire a in-depth understanding of how
consumers make consumption and savings
decisions across the life-cycle
• Understand when and how governments
should intervene in the economy to protect
consumers’ interests and to increase
consumer’s welfare
• Learn how to conduct empirical studies in the
field of household and consumer economics
Prof. Dr. Michael Ahlheim
Prof. Dr. Alfonso Sousa-Poza
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Major Field: Money and EmploymentProf. Dr. Peter Spahn
Curriculum
Macro Theory and ECB Monetary Policy 6EP
International Monetary Policy Regimes
Open Economies and Monetary Unions
Seminar (elective) 6EP
Learning Objectives
• Theoretical foundations of monetary macro-
economics are applied to ECB policies, whose two-
pillar concept serves as a starting point of Taylor
policies, inflation and monetary targeting
• A "tour d'horizon" of different monetary systems
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
constituting variable real exchange rates
6EP
17
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Major Field: Labour EconomicsProf. Dr. Thomas Beißinger
Curriculum
Labour Markets and the Macroeconomy 6EP
Topics in Advanced Labour Economics 6EP
Seminar (elective) 6EP
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
• Analyse the welfare and incentive effects of labour
market institutions, such as trade unions, the un-
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
markets in OECD countries
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FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Major Field: Public FinanceProf. Dr. Rolf Caesar, NN from Oct 1st 2009 onwards
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Curriculum (tbc)
State and Markets 6EP
Taxation; Public Spending and Public Debt 6EP
Seminar (elective) 6EP
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
and may have to be regulated in order to maintain
macro stability
•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?
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
List of Elective Modules: Business, Economics and Social Sciences
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Banking and Finance
Banking and Investments
(Spezielles) Controlling
Rechnungswesen
Externe Unternehmensrechnung und Besteuerung
Externe Unternehmensrechnung und Bewertung
Umstrukturierung von Unternehmen
Spezialthemen der Unternehmensführung
Organisational Communication
Unternehmensnachfolge
Betriebswirtschaftliche Steuerlehre
Wirtschaftsprüfung (Spezialthemen der)
Produktion und Logistik
Business Optimization (Applied)
Marketing
Management
Finance & Risk Management
Management of Financial Institutions
(Spezielles) Umweltmanagement
Dienstleistungsmanagement
Medienmanagement
International Management
Health Care Management
Health Behaviour
Management Information Systems
Money and Employment
Econometrics
Industrial Organization and Competition Theory
Markets and Consumption
Public Finance
Environmental Economics
Growth Economics
Labour Economics
Economic History and History of Economic Thought
International Economics
Innovation Economics
Wirtschaftsrecht
Öffentliches Wirtschaftsrecht
Bank‑ und Börsenrecht
Personalpsychologie
Spezielle Personalpsychologie
Managementsoziologie
Spezielle Wirtschafts‑ und Managementsoziologie
Wirtschafts- und Unternehmensethik
Unternehmensethik
Dienstleistungsinformatik
Applied Information Systems
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Master of Science in Economics: Admission (1)
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General Regulations
• Admission only for the winter term
• Application deadline is usually on July15th
Admission requirements
Bachelor’s degree in Economics or related studies
B.Sc. certificate must be handed in the latest on 31st December 2009
Verification of a good command of English (e.g. TOEFL or equivalent)
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Master of Science in Economics: Admission (2)
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Selection procedure:
Rating scheme:
• Seminar performance
• School leave examination grade (Abitur)
• Bachelor grade
• Share ot training in mathematics/statistics
• Share of training in economics
• Letter of motivation
• Other interests and accomplishments
Candidates may be invited to an interview
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
Roadmap Master of Science in Economics
23
• 15th July 2009: application deadline
• August/September 2009: admission notification
• 13th October 2009: beginning of the programme with an official enrolment ceremony
The Hohenheim Master in Economics Programme Details Application and Admission
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCESMASTER OF SCIENCE IN ECONOMICS
The Hohenheim Master in Economics Programme Details Application and Admission
Contact
Dipl.-Volkswirtin Jasmin GröschlTel. +49(0)711 459 [email protected]
Weitere Informationen finden Sie auf:
www.master-economics.uni-hohenheim.de
Prof. Dr. Ulrich SchwalbeTel. +49(0)711 459 [email protected]
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