Economic and Econometric Theory are the building blocks of the Master’s program "Empirical Economics and Policy Advice". An individual Specialisation and the Elective Courses build upon this basis. The education is rounded off by the Master’s thesis.

Master's Thesis

Master's Thesis (25 ETCS)

For their Master’s thesis, students are to select a topic of the areas „Economics“ or „Empirical Economics and Policy Advice“. It can be supervised by every professionally competent examiner.


Specialisations (15 ETCS)

(3 modules, each 5 ETCS, from one of the following specialisations)

  • Empirical Economics
  • International Economics 
  • Economic Ethics
  • Agro Economics
  • Political Governance 
  • Financial Markets
Elective Courses

Elective Courses (25 ETCS)

…to be fulfilled by either:

1. Study Abroad (25 ETCS)

2. Elective Courses (25 ETCS)


  • Advanced Business Ethics (5 ETCS)
  • Economics of Nonprofit Organizations (5 ETCS)
  • Qualitative Methods in Economic Sciences (5 ETCS)
  • Competition Policy (5 ETCS)
  • Environmental Economics (5 ETCS)
  • Practical Project (15 ETCS)
Core Area: Economics and Econometrics

Core area: Economics and Econometrics (55 ETCS)


Compulsory Modules  (30 ETCS)

(all of the following modules, each 5 ETCS)

  • Evaluation Methods
  • Advanced Macroeconomic Theory
  • Advanced Microeconomics
  • Econometrics
  • Seminar Special Economics
  • Seminar Economics


Elective Courses (25 ETCS)

(5 modules, each 5 ETCS, out of the following modules)

  • Growth and Development I
  • Industrial Economics and Competition Policy
  • Institutional economics and Social Dynamics
  • Advanced International Economics I
  • Advanced Monetrary Economics I
  • Urban Economics I Growth and Development of Cities
  • Urban Economics II Governance and Financing of Cities
  • Environmental Economics
  • Economic Ethics and Policy Advice

Core Area: Economics and Econometrics 

The Core Area: Economics and Econometrics is divided in a compulsory part which covers 30 ETCS  and an elective part, from which 5 modules have to be selected with a total of 25 ETCS. In this core area, basic competences in the fields of Economics and Econometrics are obtained. Therefore, Students complete two economic courses (Advanced Macroeconomic Theory and Advanced Microeconomics) and two econometric courses (Evaluation Methods and Econometrics). Additionally two individual seminars (Seminar Special Economics and Seminar Economics) are to be absolved.

The core area Economics and Econometrics is supplemented by electives. Students are to complete five out of nine available economic modules. These courses serve to the further development of economic knowledge and includes subjects like Institutional Economics, Urban Economics or Environmental Economics.


The Specialisation is individually chosen by the students. They are designd to provide studends with in-depth knowledge in the respective field. There are six different specialisations available, which cover a broad range of political and economic science. The specialisation covers 15 ETCS, which are acquired by the successful completion of 3 courses in the particular field.

One particularity is the specialisation Empirical Economics with the module „workshops“.  Workshops are a special kind of courses. Students get the opportunity to participate in a scientific event (e. g. a workshop or a conference) of the Halle Institute for Economic Research or another research organization and to intensively deal with an economic problem with a practical orientation.

Elective Courses

The Elective Courses encompass 25 ETCS, which can be collected either by a study abroad or by attending elective courses. This area has an interdisciplinary character, it includes lectures of the areas of Political and Economic Sciences as well as Empirical Methods. The Elective Courses cover the entire range of courses of the Economics Department and can also be chosen from other University Departments.

Through the Elective Courses, students obtain competences in economic and political areas other than their specialization and, thereby, gain a thorough and broad understanding of the current economic and social phenomena and problems.

A special supplement is the Research Project. The Research Project is an internship of a minimum of six weeks that can be absolved either at one of the partners (e. g. IWH) or at another organization. During the internship/research project students apply their knowledge acquired through lectures and seminars in order to analyse specific economic problems. Students, thereby, work on a research topic of empirical economic research or applied policy advice and create a project report.

Besides, it is possible to completely cover the Elective Courses by a Study Abroad.

Master's Thesis

In their Master’s Thesis, students independently deal with an advanced scientific research question. They have a time frame of 16 weeks in which to complete the work. They’ll compose an individual elaboration of a scientific topic of the areas „Economics“ or „Empirical Economics and Policy Advice“ in form of a written scientific paper. The Master’s Thesis covers 25 ETCS of the degree /  Students are allocated 25 ECTS for the Master’s Thesis.


For a complete list of the modules offered, please refer to the curriculum.

Course Overview_MSc EP 2016

Curriculum MSc EP 2016



ECTS credits reflect the relative workload connected to the relevant course achievements. One ECTS credit corresponds to 30 hours of workload. One semesters is considered to cover 30 ECTS, i. e. 900 hours of workload. The workload includes lectures, preparation and follow up, self-study, exam preparation, internships and preparing written term papers as well as oral presentations.

Modules: Modules are the building blocks of a study program. They are separated content units and can consist of different teaching and learning methods (lectures, exercises, seminars, project seminar, independent study, project work etc.).