Economics, M.Sc. | University of Cologne | Köln, Germany
24 months
Tuition fee
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The Master in Economics at the University of Cologne offers a research-oriented study programme with courses from a wide range of economic areas. 


This Economics programme at the University of Cologne provides you with:

  • state of the art tools for the quantitative and qualitative analysis of economic problems in specific markets, national economies, and the global economy, such as monetary policy, climate change, or development.
  • a wide range of possibilities for specialisation and maximum flexibility in your choice of courses.
  • ample opportunities to complement your expertise in economics by choosing from additional courses in management, political science and sociology.

As a student, you are largely free to choose the subjects you intend to concentrate on, and you can opt to focus on different areas within and between fields. The main topics are:

  • Market Design and Behavior,
  • Markets and Economic Policy,
  • Empirical Methods and Data Analysis,
  • Energy and Climate Change.

The empirical and analytical focus of the programme enables you to analyse economic phenomena using state-of-the-art research methods and to carry out research projects. Upon graduating from the programme, you will be prepared to enter a professional career in many private and public institutions in need of economic expertise. You may also opt for the continuation of your studies through a PhD programme in economic research.

Career Opportunities

The M.Sc. in Economics builds on the knowledge gained in your bachelor studies, giving you advanced expertise in your cho- sen field. This up-to-date range of economic topics makes you a sought-after expert in the analysis and development of solutions to economic problems and challenges.

A diverse range of employment opportunities are available to graduates in economics related roles in public institutions, such as:
  • Government Ministries
  • Private Financial Institutions
  • Government Agencies and Authorities (e.g. competition or regulatory authorities and central banks)
  • European Institutions (e.g. the EU Commission)
  • International Institutions (e.g. OECD, IMF, World Bank, IEA, and ILO)
  • Energy Utiltites and Trading Companies
  • Consulting Firms and Think Tanks
  • Firms and Institutions Analysing Large Data Sets

Programme Structure

Courses include:

  • The Core Section of the programme contains 24 credit points (four courses) and will familiarizes you to the central methods and insights of the main areas of modern economics: econometrics and statistics, macroeconomics and microeconomics.
  • In the Specialisation Section you choose courses from the main areas that reflect your substantive orientation in which you want to proceed with your studies.
  • In the specialisation on Empirical Methods and Data Analysis your focus is on the tools of empirical analysis. In Markets and Economic Policy your focus is largely on issues of public policy and the functioning of markets from a macroeconomic perspective. In Market Design and Behavior you focus on the microeconomic working of specific markets and how they should be regulated and the behavior of individuals in them.

Key information


  • Full-time
    • 24 months

Start dates & application deadlines




120 ECTS


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Other requirements

General requirements

  • Application in the case of unfinished Bachelor studies: In cases where present Bachelor studies have not been fully completed, application is permitted if the candidate has earned at least 80% of the required credits and will have achieved the remaining results by 30 September at the latest. The specific admission criteria governing the designated course of study (including the overall grade) must already have been fulfilled on the basis of the exam results available at the time of application.
  • at least 18 ECTS in the field of Economics
  • at least 48 ECTS in further Economics and/or in the fields of Business Administration and/or Social Sciences
  • at least 15 ECTS in the fields of Statistics and/or Mathematics (methodological expertise only, no user expertise)


  • at least 40 ECTS in the field of Mathematics

Tuition Fee

To alway see correct tuition fees
  • International

    Tuition Fee
    Based on the tuition of 0 EUR per year during 24 months.
  • EU/EEA

    Tuition Fee
    Based on the tuition of 0 EUR per year during 24 months.

The University of Cologne does not charge any tuition fees.

Each semester, all enrolled students of the University of Cologne have to pay a social fee. 

Living costs for Köln

831 - 1291 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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