BBE Specializations in Economics
Why specializations in Economics?
A specialization in economics will help you to better understand how the world works. Economics has an extremely broad set of applications, and our specialization prepares you well for a range of Master's studies and most occupational fields for economists, both in Austria and internationally. Economics training provides you with valuable transferable skills, such as presentation and communication, as well as teaching you how to deal with data and complex decision problems. Particular career areas include governments, international organizations, academia, civil service, banking, media, statistics, and also management consulting firms.
Economics facilitates advice and analysis in economic and public policy issues. You should bring a keen interest in these issues, analytic and structural thinking and problem solving skills.
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.
Within the field courses, students can choose among the following courses: Money and the Business Cycle, International Economics, Corporate Governance, Industrial Organization, and Labor Economics.
We are happy to provide supervision for Bachelor-thesis on the basis of successful participation in field courses.
Students who are interested in achieving a primer in economics can study the Core in isolation (20 ECTS).
Students who want to achieve expert knowledge in economics should study both Core + Fields (40 ECTS).
(Note: If you intend to proceed your education with a Master's degree in Economics later, we strongly advise you to study both Core +Fields.)
Based on our extensive experience in teaching economics, we advise you…
…not to take any field courses prior to completing the relevant courses of the Foundations (i.e., Foundations in Microeconomics +Foundations in Macroeconomics + Quantitative Methods I) and the following three courses of the Core: Adv. Micro + Adv. Macro + Econometrics I.
…to take Advanced Microeconomics only after having completed Foundations in Microeconomics and to take Advanced Macroeconomics only after having completed Foundations in Macroeconomics.