What is the specialization Economics Fields about?
The specialization Economics Fields offers students the possibility to choose between different areas of economics and to deepen their knowledge of these.
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 & Content
To apply for Economics Fields please register for LV 5490 "Access to Specialization: Economics Fields."
We recommend that you write a letter of motivation and upload it in LEARN. The letter is not mandatory, but it will help you being accepted if the number of applications exceeds the available places. In the letter, you should explain why you apply and/or discuss an issue of economic relevance that interests 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? Which economic challenges do I see as the most important and why? What do I expect from a training in economics?
Application is open from August 23th to September 3th, 2023
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. For those who apply for the specialization Economics Fields without having completed Economics 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 Economics Fields in their letters.
You will receive an email confirming your admission to your WU email account.
3. Final registration for Economics Fields Courses:
Once you have been admitted, you can register for Economics Fields courses.
Registration for admitted students is open from September 13th, 2023.
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 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.
Who can apply for Economics Fields?
Students are admitted based on the following criteria:
Preference will be given to students who are also admitted to the specialization Economics Core
Letter of motivation
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
Apply for Economics Core if you want to learn the foundations of economics (20 ECTS).
Apply for both Economics Core and Economics Fields to gain expert knowledge in economics (40 ECTS).
Once you have successfully completed the courses in Economic Fields, we will be happy to supervise your bachelor's thesis.
Should you wish to pursue a master’s degree in economics, we strongly advise you complete both Economics Core and Economics Fields.
We recommend that you complete all relevant foundation courses and the three Economics Core courses (Advanced Microeconomics, Advanced Macroeconomics, Econometrics I) and then register for Economics Fields courses.
We do not recommend that you study Economic Fields in isolation.
Course I (8 ECTS)
For Course I, select one of the courses below.
Industrial Economics (only in the summer semester)
Money and Business Cycle
Labor Market Economics (only in the winter semester)
Course II (8 ECTS)
For Course II, select one of the courses below.
Corporate Governance (only in the summer term)
International Economics (only in the winter term)
Economics of Distribution (only in the winter term)
Course III (4 ECTS)
For Course III, select one of the courses below.
Special Topics in Economic Policy
Advanced Economic Research Methods (only in the summer term)