Applied Track
During the first year, students mostly take mandatory courses providing them with the concepts and tools necessary for state-of-the art analyses of problems in economic policy and business.
In the second year, students choose their preferred areas of specialization and write a Master's Thesis. For each area of specialization there is a Research & Policy Seminar. Students work in small groups to develop their own research projects, closely interacting with instructors. Class size is limited in the Research & Policy Seminars to 15 students.
Curriculum 2022
Foundations of Economics
| Foundations of Economics | ECTS | CH |
|---|---|---|
| Foundations of EconomicsIntroductory Week | ECTS1 | CH1 |
| Foundations of EconomicsFoundations of Microeconomics | ECTS4 | CH2 |
| Foundations of EconomicsFoundations of Macroeconomics | ECTS4 | CH2 |
| Foundations of EconomicsFoundations of Mathematics | ECTS4 | CH2 |
Mandatory Courses
| Mandatory Courses | ECTS | CH |
|---|---|---|
| Mandatory CoursesPublic Economics | ECTS4 | CH2 |
| Mandatory CoursesMacroeconomic Models and Methods | ECTS4 | CH2 |
| Mandatory CoursesTopics in Macroeconomic Theory and Policy | ECTS5 | CH2 |
| Mandatory CoursesMicroeconomic Models and Methods | ECTS4 | CH2 |
| Mandatory CoursesTopics in Applied Microeconomics | ECTS5 | CH2 |
| Mandatory CoursesGame Theory | ECTS5 | CH2 |
| Mandatory CoursesEconometrics and Empirical Economic Research | ECTS4 | CH2 |
| Mandatory CoursesMicroeconometrics | ECTS4 | CH2 |
| Mandatory CoursesMacroeconometrics | ECTS4 | CH2 |
| Mandatory CoursesPolitical Economy* | ECTS4 | CH2 |
| Mandatory CoursesEconomic Policy* | ECTS4 | CH2 |
| Mandatory CoursesBusiness Analytics* | ECTS4 | CH2 |
* Compulsory electives: choose two out of three
Specializations
Choose four areas of specialization out of fourteen. In each area of specialization take one field course.
| Field Courses | ECTS | CH |
|---|---|---|
| Field CoursesLabor and Organizational Economics | ECTS6 | CH3 |
| Field CoursesEconomics of Distribution | ECTS6 | CH3 |
| Field CoursesInternational Economics | ECTS6 | CH3 |
| Field CoursesMoney, Credit and Finance | ECTS6 | CH3 |
| Field CoursesEconomic Development | ECTS6 | CH3 |
| Field CoursesSpatial Economics | ECTS6 | CH3 |
| Field CoursesIndustrial Organization | ECTS6 | CH3 |
| Field CoursesRegulatory Economics | ECTS6 | CH3 |
| Field CoursesPublic Finance and Public Policy | ECTS6 | CH3 |
| Field CoursesBehavioral and Experimental Economics | ECTS6 | CH3 |
| Field CoursesData Science and Machine Learning | ECTS6 | CH3 |
| Field CoursesEnvironmental Economics | ECTS6 | CH3 |
| Field CoursesGeoeconomics | ECTS6 | CH3 |
| Field CoursesGender Economics | ECTS6 | CH3 |
Choose two Research&Policy Seminars accompanying selected areas of specialization.
| Research&Policy Seminars | ECTS | CH |
|---|---|---|
| Research&Policy SeminarsLabor and Organizational Economics | ECTS4 | CH2 |
| Research&Policy SeminarsEconomics of Distribution | ECTS4 | CH2 |
| Research&Policy SeminarsIntenational Economics | ECTS4 | CH2 |
| Research&Policy SeminarsMoney, Credit and Finance | ECTS4 | CH2 |
| Research&Policy SeminarsEconomic Development | ECTS4 | CH2 |
| Research&Policy SeminarsSpatial Economics | ECTS4 | CH2 |
| Research&Policy SeminarsIndustrial Organization | ECTS4 | CH2 |
| Research&Policy SeminarsRegulatory Economics | ECTS4 | CH2 |
| Research&Policy SeminarsPublic Finance and Public Policy | ECTS4 | CH2 |
| Research&Policy SeminarsBehavioral and Experimental Economics | ECTS4 | CH2 |
| Research&Policy SeminarsData Science and Machine Learning | ECTS4 | CH2 |
| Research&Policy SeminarsEnvironmental Economics | ECTS4 | CH2 |
| Research&Policy SeminarsGeoeconomics | ECTS4 | CH2 |
| Research&Policy SeminarsGender Economics | ECTS4 | CH2 |
Elective
To qualify as Electives, courses must meet the following criteria:
Related to Economics
Master's Level
Final Grade (no workshop type courses)
You can combine multiple courses to attain the required 6 ECTS.
Types of Courses:
1. Courses offered by WU's MSc Economics:
All Field Courses and R&P Seminars of the MSc Economics are eligible as Elective.
Mandatory courses of the track that you are not enrolled in
Students in Science Track: Economic Policy, Business Analytics, Political Economy, Public Economics, Topics in Macroeconomic Theory and Policy, and Topics in Applied Microeconomics
Students in Applied Track: Advanced Macro I, Advanced Mirco II, Mathematics I/II, Probability and Statistics
Registration:
Field Courses: via LPIS or email to exam.master@wu.ac.at
R&P Seminars and mandatory courses: email to exam.master@wu.ac.at
2. Other Master's Level Courses at WU:
Courses offered by other master's programs at WU:
To check elegibility, contact us at masterecon@wu.ac.at
Registration: We will register you if
Course fulfils the necessary criteria in form and content
Other program agrees
"Additional Courses" – master's level courses, that are not part of a curriculum:
Find courses in the course catalog (Master's Programs/Additional Courses).
Check eligibility by emailing masterecon@wu.ac.at.
Registration: LPIS
Recommendations:
Scientific Working with R and LaTeX (offered in February and September)
SOLV and Reading Group – courses organized by ECON students
3. Courses from Other Universities (Austria and Abroad):
Exchange semester: For quick, preliminary information on courses that are eligible for credit transfer, please check the online database for credit transfer. Please contact course.abroad@wu.ac.at for any additional questions.
Other Austrian universities: For credit transfers from other universities in Austria you have to apply for a pre-recognition notice before starting the course. To do so, please contact studienrecht@wu.ac.at.
EU.ENGAGE: You can also search for suitable courses within the EU.ENGAGE network – online courses offered our eight European universities (Manheim, Toulouse, Tilburg,..). To check eligiblility of a course please contact course.abroad@wu.ac.at.
Central European University: CEU-WU student exchange
https://acro.ceu.edu/wutoceu
4. Extracurricular Service Learning at WU:
Service learning is a method of teaching and learning that combines service to the community with the acquisition of academic, methodological, and social skills. In service learning projects, students perform work that benefits the community. They learn how to draw connections between relevant theoretical content and what they learn in their practical work. Find the programs here under "2. Freiwilliges Engagement an der WU".
To have your credits assigned to the Elective, upon course completion, contact exam.master@wu.ac.at (for courses of type 1, 2, or 4), or anerkennung@wu.ac.at (type 3).
Master's Thesis
In their final semester students write a master's thesis that focuses on an economic research question analyzed using scientific methods. Students may choose their topic freely, subject to their advisor's consent.
Students present their findings and results at the Master's Thesis Conference - a special course in conference-style format including panels, referees and open discussions offered every semester.
Structure & Contents