Prospective Students: Quantitative Economics (M.Sc.)

 

The main focus of our internationally-oriented Quantitative Economics Master’s programme is on the acquisition of academic competence in sub-branches of economics, statistics and econometrics. The ability to independently solve complex and interdisciplinary problems forms the basis of accepting tasks with great responsibility in research, associations and chambers as well as in international administrations. Alongside the understanding of complex economic relationships and diverse economic modelling approaches, improving competence in applying statistical-econometric methods should also place students in a position to develop and apply independent ideas in theory and in practice.

 

The core quantitative lectures (Econometrics I-III and Statistics I-III) were really outstanding, as were most of the electives.
Alvaro F. (32), Graduate of M.Sc. Quantiative Economics

 

 

 

Was does Quantitative Economics offer?

 

Why Quantitative Economics?

The mandatory modules that students are required to take in Econometrics and Statistics are important in setting the foundation that students require to venture deeper into the analysis of economic topics using empirical methods.

Students are required to complete one seminar as part of their studies. This provides the opportunity for them to explore their areas of interest and present their ideas to ther students with similar interests.

Elective modules are built precisely for students to endeavour into areas which they are interested or might be interested in. Through these elective modules, students can also choose to specialise in areas which they are interested in.

The mathematical skills taught in the programme allow students to dive deep into the issues from a scientific point of view. Foundation of theoretical Economics knowledge will be deepened and built upon to offer students insights into the different topics. Using both theoretical and mathematical knowledge, students are able to apply economic analysis to the pressing real world issues of our times.

 

 

Checklist: Do I meet the requirements of the programme?

 

Those who enjoyed their Bachelor's studies with a highly empirical focus can look forward to a rewarding and challenging programme here in the CAU Kiel. The mandatory foundation modules in Statistics I, II and III and Econometrics I, II and III offer students the opportunity to study in depth the statistical and mathematical methods required for a deep understanding of the topics in Economics. The flexibility of the programme structure in the Master's Degree Quantitative Economics offers students the opportunity to build their studies according to what they are interested in or what they think would be useful. Students should understand that the Master's programme is more rigorous and 'accelerated' compared to their Bachelor's programme.

1. Mathematical Abilities

It is important to have reasonable mathematical ability as the course requires a high level of analytical rigour for a successful study. Areas which are particularly important for a successful course are Algebra, differential Calculus and Integral Calculus.

2. Foundation in economic knowledge

Students are expected to have completed Bachelor's modules in MIcroeconomics and Macroecnomics and have a good foundation in these areas. Most of the modules in the Master's programme are built on these areas and it would be extremely important for students to have a background in these topics to be able to understand the course materials.

3. Econometrics and statistical skills

Students are required to complete Statistics and Econometrics modules and are therefore expected to have the introductory knowledge in these fields. The fact remains that most economic analysis done today involve the heavy usage of econometrics and statistical analysis. Therefore students should be able to already understand the basic concept of these tools.

4. Interest and passion

As with most things in life, without interest and passion it is definitely difficult to endeavour in anything that runs for a prolonged period of time, that includes a 2-year Master's programme (and if it's in a different country for international students). As the programme is rigourous and demanding, it is imperative that students have a general level of interest already in a field of their choice, in Economics in general, and in deepening their analytical skills.

5. Interest in empirical methods

In addition to having a good foundation in mathematics, econometrics and statistics, it is also essential for students in this programme to have a deep interest in empirical methods as the programme is highly focused on the teaching and learning of statistical methods in modules and seminars.

To test if you fulfil the requirements needed to succeed in this programme, please click here to complete the self-assesment to the assess if you have the pre-requisite knowledge in the relevant areas and the analytical skills to handle the assessment in the modules in the university.

For official admission requirements, please visit the page about application and admission.

 

 

Important Documents:

The Module Manual provides all information on each compulsory and elective module.

 

 

What possibilities do I have with a Master's Degree in Quantitative Economics?

Graduates of the Quantitative Economics programme can expect a fulfilling career in the different fields, such as consulting, banking, research institutes, statistical reporting, business and commercial areas. Students can therefore choose to specialise in the field that they are interested in to gain more experience in the theoretical applications of the programme.

Some of our students also go on to deepen their knowledge in Economics by continuing onto the Phd programme in CAU Kiel, or also in other universities. For more information on this route, please see Doctorate regulations and faculty webpage for the PhD studies.

 

What is the structure of the programme in CAU?

The pre-requisite modules set the foundation for deeper understanding of the different topics in the 2nd and 3rd semesters. The elective modules on offer at the university are for example: "Applied Microeconomics", "Environmental and Resource Economics", "Financial Economics", "International Economics", "Macroeconomics and Growth", "Public Economics" and "Spatial Economics".  The Master's thesis is expected to be written in the 4th semester of programme, depending on the progress of the individual student.

Study Programme Advisor

The Study Programme Advisor can provide advice on

  • Structure and Content of the programme
  • Programme planning
  • Approval of change of Master's programme
  • Examination Procedure