Admission Requirement

 

General requirements for the MSc programmes Economics, Quantitative Economics, Quantitative Finance and Environmental and Resource Economics

 

Applicants are expected to hold a Bachelor's degree or a comparable university degree (minimum grade 2.5) with a regular period of university education of three years or more and 180 ECTS credit points or more. 

35 out of 180 credit points of the Bachelor's degree have to be attained from courses on  principles of economics (i.e. courses on microeconomic theory and  courses on macroeconomic theory) with no overlapping in substance and from courses on quantitative methods with no overlapping in substance.

With regards to content and comparability an official module manual has to be submitted. In case of unavailability of an official manual, module descriptions approved by the offering institution of higher education are accepted. To avoid unnecessary paper piles, it is also allowed, to provide a link to an official online handbook. The module manual needs to be provided either in German or English language.

Knowledge of English is expected to be good, which should be evidenced by one of the following conditions:

  • TOEFL Test score of 550 or equivalent test result e.g. IELTS 6.5 or TOEFL IBT 79

  • Bachelor's Degree with English as language of instruction

  • Minimum 4 years English at school, at least with the grade satisfactory.

CAU demands no tuition fee but a so called „Semesterbeitrag“. This is to cover public transport and administrative taks of the University. The current amount of the Semesterbeitrag can be found here.

 

We also provide an optional

Self-Entry-Level Test

for your own assessment of knowledge that is required in our Master Programmes. Further Information can be found   here

Recommended Literature

Please find a list of recommended literature here.


Programme specific requirements

MSc Economics

  • At least 15 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on quantitative methods (mathematics, statistics, econometrics).

Applicants with a minimum overall grade of 3.0 may also be eligible to the Master Economics if the weighted average grade (weighted with the credit points) from courses in economics and on quantitative methods is at least 2.5.

MSc Quantitative Economics

  • At least 10 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on micro‐ and macroeconomics.

  • At least 8 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on mathematics.

  • At least 10 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on statistics.

  • At least 4 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on econometrics.

Applicants with a minimum overall grade of 3.0 may also be eligible to the Master Quantitative Economics if the weighted average grade (weighted with the credit points) from courses in economics and on quantitative methods is at least 2.5.

MSc Quantitative Finance

  • At least 20 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on quantitative methods, that is from courses on analysis, algebra, statistics, and econometrics.

 

Applicants with a minimum overall grade of 3.0 may also be eligible to the Master Quantitative Finance if the weighted average grade (weighted with the credit points) from courses on quantitative methods is at least 2.5.

 

MSc Environmental and Resource Economics

  • At least 10 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on microenonomic theory.

  • At least 5 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses macroeconomic theory.

  • At least 10 out of 180 total credit points of the Bachelor's degree have to be composed of credit points from courses on quantitative methods, that is from courses on analysis, algebra, statistics, and econometrics.

Applicants with a minimum overall grade of 3.0 may also be eligible to the Master Environmental and Resource Economics if the weighted average grade (weighted with the credit points) from courses in economics and on quantitative methods is at least 2.5.