Master s Information Day 20 th January 2018 Master of Science in Economics Helge Linnemann, M.A. Programme-Manager M.Sc. Economics 1
What to expect in the next hour? 1. Why Economics at UoC? 2. Structure of the Programme 3. Description of the fields 4. Study Abroad Option 5. CGS Research Track in Economics 6. Admission requirements slide: 2
Why Economics (at UoC)? 1. Top ranked in research and teaching 2. Solid fundaments and methods in all three areas of economics 3. Diverse and well structured specialization 4. Master degree is indispensable for many managing positions both in the private and the public sector slide: 3
Economics at a glance Master s Thesis 24 ECTS Specialisation Section 54 ECTS Supplementary Section 12 ECTS Core and Advanced Section 30 ECTS 120 ECTS = 4 Semester Standard Period of Study Slide: 4
Note: Restructuring of M.Sc. Economics M.Sc. Economics is restructured at the moment Information on the website may differ from the one given during this presentation Enrolment in winter term 2018/19 according to a new examination regulation Further information will be published on the website in the next weeks slide: 5
Programme timeline October-March April-July August-Dec Jan or Apr- June or Aug M.Sc in Economics semester 1 semester 2 semester 3 semester 4 semester 3 or 4 abroad (optional) slide: 6
Core and Advanced Section Group Module CP C / E Comp. CP Core Module Mathematics 6 E Core Module Mathematics (Research Track) 6 E 6 Core Module Microeconomics 6 E Core Module Microeconomics I (Research Track) 6 E 6 Core and Advanced Section Economics Core Module Macroeconomics 6 E Core Module Macroeconomics I (Research Track) 6 E 6 30 Core Module Econometrics I 6 E Core Module Econometrics I (Research Track) 6 E 6 Core Module Methods 6 E Core Module Methods (Research Track) 6 E 6 Slide: 7
Supplementary Section Field CP Comp. CP Accounting and Taxation 12 Controlling 12 Corporate Development 12 Economic Psychology 12 Finance 12 Marketing 12 Media Management 12 Economic Methodology 12 Politcal Science 12 Social Policy 12 Supply Chain Management 12 Taxation 12 Economic Geography 12 Auditing 12 Studies Abroad 12 12 Slide: 8
Specialisation Section Field CP C / E Comp. CP Design & Behavior 18 E Energy Economics 18 E Growth, Labor and Inequality in the Global Economy 18 E Markets and Institutions 18 E Macroeconomics, Money and Financial Markets 18 E 54 Macroeconomics and Public Economics 18 E Statistics & Econometrics 18 E Selected Issues in Economics 18 C Slide: 9
Field contents Design and Behavior: design of real-world institutions that align individual incentives with underlying goals. Energy Economics: theories, simulations and policy analysis in the fields of energy, resource and environmental economics. Growth, Labour and Inequality : causes and effects of long-run technological, structural, environmental and demographic change. Macroeconomics, Money and Financial Markets: evaluation and design of government policies aimed at aggregate activity and stability Slide: 10
Field contents Macroeconomics and Public Economics: the government s role in the allocation of resources in the economy eg. via taxation and regulation. Markets and Institutions: theoretical and empirical methods to analyze specific markets and institutions (e.g. media, health, sports ). Statistics and Econometrics: learn techniques needed for estimation and hypothesis testing and apply them to real data. Slide: 11
Information Event Fields in M.Sc. Economics Date: 2nd February, 2018, 09:00-16:00 Location: Lecture Hall H 162, HF-Building Frangenheimstraße Agenda: 1. General information about structural changes in M.Sc. Economics (09:15-09:45) 2. Design & Behavior (10:00-10:30) 3. Energy Economics (10:45-11:15) 4. Growth, Labor and Inequality in the Global Economy (11:30-12:00) 5. Markets & Institutions (13:00-13:30) 6. Macroeconomics, Money and Financial Markets (13:45-14:15) 7. Macroeconomics and Public Economics (14:30-15:00) 8. Statistics and Econometrics (15:15-15:45)
Information-Event: Fields in M.Sc. Economics Last years presentations of the fields can be found on the homepage via Studies Download Master Master PO 2015 Directlink here: https://www.wiso.uni-koeln.de/en/studies/documents-andmedia/master-po-2015/ Slide: 13
Field Structure: Example Design & Behavior Field Module CP CC/ EC Comp. CP Specialisation module Seminar Design and Behavior 6 CC 6 Specialisation module Economic Engineering 6 EC Specialisation module Auction Theory 6 EC Specialisation module Contract Theory 6 EC Specialisation module Behavioral Economics 6 EC Design & Behavior Specialisation module Behavioral Economic Theory 6 EC Specialisation module Topics in Design and Behavior A 6 EC 12 18 Specialisation module Topics in Design and Behavior B 6 EC Specialisation module Topics in Design and Behavior C 6 EC Specialisation module Topics in Design and Behavior D 6 EC Specialisation module Matching and Market Design 6 EC Slide: 14
Study Abroad Option List of possible exchange universities in the WiSo Exchange International Outgoings Portal All relevant information via the homepage of the International Relations Center (ZIB WiSo) slide: 15
Job Opportunities with M.Sc. Economics Public sector Ministries Central banks European institutions Research institutes Private sector (Investment) Banks Consultancies Economic departments of large enterprises slide: 16
Research Track Structure Group Module ECTS C/E Comp. ECTS Core Module Microeconomics I (Research Track) 6 C Core Module Macroeconomics I (Research Track) 6 C Core and Advanced Section Economics Core Module Econometrics (Research Track) Core Module Mathematics / Methods (Research Track) 12 C 12 C 48 Core Module Microeconomics II (Research Track) 6 C Core Module Macroeconomics II (Research Track) 6 C slide: 17
Research Track in Economics Common at several international universities: Bachelor programmes(3 or 4 Years) graduate / doctoral studies starting directly after the Bachelor Additional 4-6 years of study for a PhD, often with a Master of Research or equivalent as opt-out after 1st or 2nd year Common in Germany - three consecutive programmes: Bachelor of Science / Arts (3 years) Master of Science / Arts (2 years) Doctorate / PhD (4-6 Years) Bridgeing the gap here: Integration of a Master of Science degree and the course phase of the doctoral studies Target group: TOP20% of the cohort slide: 18
Research Track in Economics Close supervision by and frequent feedback from faculty members Mentoring by a senior graduate student (second year) Participation in the Faculty s research seminars Potential cooperation with one of the Faculty s research groups Office space within the CGS Preferential consideration for financial support during the PhD stage after successful completion of the M.Sc. Preferential consideration for optional financial support through a student assistant position during M.Sc. slide: 19
Admission requirements Bachelor's degree (finished or at least earned 80% of the required degree CP) Overall grade of at least 2.7 (German grade) at least 48 CP in Business Administration, Economics and/or Social Sciences at least 18 CP in Economics at least 15 CP in Statistics/Mathematics English level B2: e.g. TOEFL 87 ibt slide: 20
Selection criteria Maximum possible score: 100 Bachelor grade (34-68 points) GMAT / GRE / TM-WISO (max 32 points) Individual Score The above criteria are used to determine an individual score for each applicant. Study places are subsequently allocated according to the applicant s position on the ranking list. Last year, a score of 48 was sufficient for being admitted slide: 21
Selection criteria Maximum possible score: 100 Bachelor grade (34-68 points) GMAT / GRE / TM-WISO (max 32 points) Individual Score Example: Bachelor degree of 2.7 = 34 points TM-WiSo of 65 = 14.77 Individual score of 48.77 Sufficient in last year s selection procedure Without TM-WiSo / GMAT / GRE, bachelor degree of appr. 2.0 required slide: 22
Application Process Economics April 15th June Apply online: www.wiso.uni-koeln.de/en/studies/degreecourse-offer/master/masterbewerbung/ Applicants with a degree acquired abroad must also apply postally: uni-assist.de/online/uni-koeln Mid July Upload of admission test (GMAT/GRE or TM-WISO) End of July - August Apply online: www.wiso.uni-koeln.de/en/studies/degreecourse-offer/master/masterbewerbung/ Applicants with a degree acquired abroad must also apply postal: uni-assist.de/online/uni-koeln Move-up process might start after the enrolment process and if places are still available slide: 23
Contact details WiSo Student Service Meister-Ekkehart-Str. 1 (basement) email: wiso-beratung@unikoeln.de phone: 0221-470-8818 https://www.wiso.unikoeln.de/en/studies/guidance/wis o-sbz/ slide: 24
Any questions left? Don t hesitate to ask Mr. Praet (student of M.Sc. Economics) and Mr. Baumann (alumnus of M.Sc. Economics) slide: 25
We would like to welcome you as a student of our faculty for the fall intake 2018/19! slide: 26