The specializations in economics consist of the specialization Economics Core and the specialization Economics Fields. The specialization Economics Fields offers students the possibility to choose between different areas of economics and to deepen their knowledge of these.
What is the track about
The specialization in economics consists of a core plus a number of elective fields courses. Students can choose among the following field courses: Money and the Business Cycle, International Economics, Corporate Governance, Industrial Organization, and Labor Economics.
Overview & Contents
To apply for Economics Fields please register for LV 5490 "Access to Specialization: Economics Fields."
We recommend that you prepare and upload a letter of motivation upon registration. Note: If you have already been admitted to the Specialization Economics Core, you do not need to upload another letter for the Specialization Economics Fields.
The letter is not mandatory, but in case that the number of applications exceeds the available places, it contributes to your success of being accepted. In the letter, you should explain the reasons for your application and/or discuss an issue of economic relevance and interest to you. For example, you may consider providing answers to the following questions: Why do I want to study Economics? Is there a particular topic of economics I want to understand (can I describe that topic)? What economic challenges do I see as the most important (and why)? What do I expect from a training in economics? Etc.
Application is open from January 27 to February 06, 2022.
We can admit approximately 10-15 students for the specialization Economics Fields. We admit students based on the following criteria:
In general, preference will be given to students who have already been admitted to the Specialization Economics Core, and a selection (if necessary due to capacity constraints) is based both on the number of completed courses and grade point average in the respective courses in the Core.
For those who apply for the Specialization Economics Fields without a Core, we admit students based on the number and grade point average of completed Foundation courses (particularly in Micro- and Macroeconomics, Contemporary Challenges in Business and Economics, and Quantitative Methods). In addition, we read your letter of motivation. In case that we face capacity constraints, we prioritize students who express a special interest in the Specialization Economics Fields in their letters.
You will be notified of your admission via email to your WU email account.
3. Final registration for Economics Fields Courses:
Admitted students need to finally register for Economics Fields Courses.
Registration for admitted students is open from February 17, 2022.
Which career prospects can graduates of the specialization expect upon completion?
A specialization in economics will help you to better understand how the world works. Economics has an extremely broad set of applications, and our specializations prepare 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 actuary work.
Prerequisites for applying to the Economics Fields specialization
Admission is decided based on the following criteria:
Preference will be given to students who are also admitted to the specialization Economics Core
Number of completed Economics Core courses and their grade average.
Number of completed Foundation courses (in micro- and macroeconomics) and their grade average
Which interests, strengths, and capabilities should applicants of the specialization have?
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 Economics Fields builds upon the Specialization Economics Core. Thus, a registration in the Economics Core is highly recommended (as well as a timely completion of the courses Foundations in Microeconomics and Foundations in Macroeconomics).
Structure and courses (20 ECTS)
Recommended Course of Studies
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.
We don't recommend to study fields in isolation. (20 ECTS)
You can choose your special fields from a list without sequence:
Course I (8 ECTS)
Course II (8 ECTS)
Course III (4 ECTS)
For Course III - you can choose from the list (each 4 ECTS, the links lead you to the most recent available syllabus)