Economics University of Münster

This consecutive, research-oriented Master’s programme in Economics is designed for students with a solid academic background in Economics or related disciplines. Over the course of four semesters, students receive rigorous training in economic theory and quantitative methods while enjoying the flexibility to tailor their studies to personal interests and career goals.

The curriculum begins with core modules in advanced microeconomics, macroeconomics, empirical methods, and industrial organisation. Students then choose from over 40 elective modules, allowing them to specialise in areas such as:

• Econometrics and Statistics
• Public Economics
• Digital and Innovation Economics
• Energy and Resource Economics
• Transport Economics

Small semester groups and close supervision create an engaging learning environment that fosters individual growth and academic success.

A hallmark of the programme is its strong research orientation. Through project work and research-based seminars, students gain data-driven insights in thematic areas such as Innovation, Economic Policy, Globalisation, Sustainability, and Infrastructure. The “Project Studies” module directly prepares students for the Master’s thesis, during which they independently explore an economic issue at a high scientific level.

Graduates are well-prepared for international careers in the private sector, government ministries, and international organisations, or for launching their own ventures. The programme also provides an excellent foundation for pursuing a PhD or an academic career.

The Master’s programme in Economics is structured over four semesters (120 ECTS) and is designed to combine a sound foundation in economic theory with opportunities for individual specialisation.

Programme structure:

First Year (Semesters 1 and 2):

• Core modules (mandatory): Advanced Microeconomics, Advanced Macroeconomics, Empirical Methods, Industrial Organisation

• Elective modules: Students choose up to six electives from a broad range of courses such as Labour Economics, Public Finance, Energy and Resource Economics, Digital Economy, or Applied Econometrics.

Second Year (Semesters 3 and 4):

• Additional elective courses (up to five modules) to deepen expertise or broaden knowledge

• Project Studies module: A research-oriented project module designed to prepare students for independent academic work

• Master’s Thesis: Students demonstrate their ability to independently address a complex economic research question.

Throughout the programme, students can build a generalist economic profile or focus on areas such as the following:

• Econometrics and Data Analysis

• Environmental and Resource Economics

• Public Sector Economics

• Transport Economics

The programme also encourages participation in research seminars and provides the opportunity to integrate study abroad periods.

All applicants: Bachelor's in Economics or a related field with a minimum of 40 ECTS in Economics and a minimum of 10 ECTS in Mathematics/Statistics/Econometrics

Non-EU applicants (who did not receive their Bachelor's in the EU): GRE at least 155 points in the quantitative part and 145 points in the verbal part 

All admission requirements can be found in the admission regulations and on our homepage.

We do not charge tuition fees. However, students must pay a semester contribution fee of approx. 355 EUR per semester. This includes various services for students as well as a "semester ticket" covering public transportation in Münster and all of Germany.

You can find more information here.

We recommend that students budget at least 1,000 EUR per month to meet personal expenses (accommodation, living, health insurance).

You can find more information here:
https://www.uni-muenster.de/international/en/studierende/general-information/cost-and-funding.html.

The Career Service team of the University of Münster provides a comprehensive range of seminars, information and advice to help students, doctoral candidates and graduates develop a sustainable professional profile, initiate contacts with employers and learn application strategies and techniques.

As in all popular university cities in Germany, accommodation is in high demand and not easy to find in Münster – but it's not impossible either! Like most German universities, we do not have our own student halls of residence. However, the "Studierendenwerk", a governmental organisation, offers student halls in Münster. You can find additional information on housing options here and here (only in German).

When contacting about private offers, be careful! Please make sure that you never transfer money before you sign the rental contract. Ideally, you should be able to talk personally to the potential landlord, even if you are still abroad (via phone, video call, etc.) If you are not sure whether an offer is real or possibly a fraud, please feel free to contact the team of our International Office and send us the offer.