Curriculum Science 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 CoursesGame Theory | ECTS5 | CH2 |
| Mandatory CoursesMathematics I | ECTS4 | CH2 |
| Mandatory CoursesMathematics II | ECTS8 | CH2 |
| Mandatory CoursesProbability and Statistics | ECTS5 | CH2 |
| Mandatory CoursesAdvanced Econometric Models and Methods | ECTS5 | CH3 |
| Mandatory CoursesAdvanced Macroeconomics I | ECTS4 | CH2 |
| Mandatory CoursesAdvanced Macroeconomics II | ECTS4 | CH4 |
| Mandatory CoursesAdvanced Microeconomics I | ECTS4 | CH2 |
| Mandatory CoursesAdvanced Microeconomics II | ECTS4 | CH2 |
| Mandatory CoursesAdvanced Microeconometrics | ECTS5 | CH2 |
| Mandatory CoursesAdvanced Macroeconometrics | ECTS5 | CH2 |
Specializations
Choose three 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
Within the Elective, our curriculum offers you great flexibility to choose courses according to your interests. However, to qualify, courses must meet the following criteria:
Related to Economics
Master's level
Final grade awarded (no workshop-type courses)
You can combine multiple courses to attain the required total of 6 ECTS.
Types of Eligible Courses:
1. Courses offered by WU's MSc Economics:
All Field Courses and R&P Seminars of the MSc Economics are eligible as Elective.
Some Mandatory Courses of the track that you are not enrolled in are eligible, too:
Applied Track: Economic Policy, Business Analytics, Political Economy, Public Economics, Topics in Macroeconomic Theory and Policy, and Topics in Applied Microeconomics
Sience 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
You will be registered by the examinations office if there are free spaces left after the end of LPIS registration.
2. Other Master's Level Courses at WU:
Courses offered by other master's programs at WU:
Eligibility Check: Email to masterecon@wu.ac.at
Include link to course syllabus
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).
Eligibility Check: Email to masterecon@wu.ac.at
Include link to course syllabus
Registration: LPIS
Recommended Additional Courses:
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:
Eligibility Check: Website for Credit Transfer and Learning Agreement . You can transfer:
Entire courses, or
Excess credits (if a course at the partner university has more credits than its equivalent in your curriculum).
Other Austrian universities:
Eligibility Check: Email to studienrecht@wu.ac.at. Pre-recognition approval is required before starting the course.
EU.ENGAGE: Online courses offered by our eight European partner universities (Manheim, Toulouse, Tilburg,..) within the EU.ENGAGE network
Eligibility Check: Email to course.abroad@wu.ac.at.
Central European University: Courses offered within the CEU-WU student exchange
Eligibility Check: Email to course.abroad@wu.ac.at.
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".
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.