Seitlicher Blick auf das D4 Gebäude.

Economics Core

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What is the track about

The specialization in economics consists of a core plus a number of elective fields courses. The core familiarizes students with advanced micro- and macroeconomic concepts and provides in-depth training with modern empirical methods of economic research.

The core consists of five courses, which should be studied in a particular sequence.

Micro and Macroeconomics

The advanced courses should be taken after the respective foundations courses.

Advanced Microeconomics covers selected topics in microeconomics in greater detail. The course systematically prepares you to understand an advanced literature of microeconomics. It lays the basis for more advanced fields courses using microeconomics methods.

Advanced Macroeconomics presents a thorough introduction to economic growth theory. It deals with both exogenous and endogenous growth models, as well as with issues related to the empirics of economic development and income convergence worldwide.


The econometrics-teaching program is offered in a cycle over 3 terms.
Econometrics I deals with the foundations of the subject: causality, correlation, assumptions of the linear regression model, OLS estimation, asymptotic tests, misspecification, outliers, heteroskedasticity.
Econometrics II covers more advanced subjects: Time series analysis, endogeneity, instrumental variable estimation, panel data and limited dependent variable models.
Finally, the course in Applied Econometrics offers a deeper analysis of selected topics. In this course, you will work on writing an empirical, applied-econometric essay.

Overview & Contents

Application process


Which career prospects can graduates of the specialization expect upon completion?

Prerequisites for applying to the Economics Core specialization

Which interests, strengths, and capabilities should applicants of the specialization have?

Structure and courses (20 ECTS)

Recommended Course of Studies

Course I - Advanced Microeconomics

Course II: Econometrics I

Course III - Advanced Macroeconomics

Course IV: Econometrics II

Course V: Applied Econometrics

More information on the Bachelor’s Program Business and Economics