Master of Science Economics Study Program

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2 Master of Science Economics Study Program

3 Aims and Objectives of the Master in Economics provides students with the qualifications needed to succeed in an increasingly international job market serves as excellent preparation for further graduate studies with the goal of writing a doctoral thesis provides students with a thorough understanding of the principles of economic theory and its applications in various fields acquaints students with the methodological framework underlying current research and enables them to apply their knowledge to a broad range of economic problems outstanding students have the option to move on to the Ph.D. program

4 Program Structure The Master program includes basic and advanced modules, and so-called project modules 1st semester: basic modules cover the basics of economics and methodology 2 nd and 3 rd semester: advanced modules involve a more indepth study of 2-4 study areas 3rd semester: advanced modules plus project module, a research seminar which focuses on designing research projects 4th fourth semester: writing the Master thesis.

5 Basic Modules Basic modules are offered in the Winter Semester only. Students need to take these modules in the first semester. The Course Mathematics for Economists is compulsory. Students need to choose at least 3 of the following modules: Microeconomics Macroeconomics Econometrics Finance

6 Schedule Winter Semester 2013/14 Time Monday Tuesday Wednesday Thursday Friday 8:30-10:00 Macroeconomics Room F Hintermaier 10:15-11:45 Finance Room F Li Mathematics for Economists Room F Dilme Finance Room F Li Mathematics for Economists Room F Dilme Econometrics Room F Breitung 12:15-13:45 Macroeconomics Room F Hintermaier Microeconomics Room F Kellner Microeconomics Room F Kellner 14:15-15:45 16:15-17:45 Econometrics Room K Breitung 18:15-19:45

7 Advanced Modules are offered in six areas of economics Microeconomic Theory Macroeconomics and Public Economics Management and Applied Microeconomics Financial Economics Econometrics and Statistics Economic Research focus on current topics of economic research are available in a yearly cycle

8 Areas Advanced Modules Winter Term Advanced Modules Summer Term Microeconomic Theory Macroeconomics and Public Economics Management and Applied Microeconomics Financial Economics Econometrics and Statistics Mechanism Design and Social Choice Project Module Labor and Population Economics Project Module Personnel Economics Managerial Accounting Industrial Organization Economics and Psychologie Project Module Option Pricing Project Module Microeconometrics Econometric Theory Stochastic Processes Project Module Game Theory Decision Theory Microeconomics II Economics of Contracts and Information International Economics and Finance Monetary Economics Macroeconomics II Organizations and Incentives Institutional Economics Behavioral Economics Effective Programming Practices for Economists Labor Economics Banking and Securitization Stochastic Financial Markets Probability Theory Time Series Econometrics Econometrics II

9 Advanced Modules can be taken by students who have successfully completed the corresponding basic module students can either focus on 2 study areas (narrow focus) or choose to select up to 4 study areas (broad focus). A study area is covered once students have taken at least one advanced module in it participation in project modules requires that students have passed the corresponding basic module plus an advanced module from the same study area

10 Advanced Modules: Economic Research Topics in Microeconomic Theory Topics in Macroeconomics and Public Economics Topics in Management and Applied Microeconomics Topics in Financial Economics Topics in Econometrics and Statistics designed to prepare students for a Ph.D. degree students who successfully complete these modules may apply to the Bonn Graduate School of Economics (BGSE) to transfer into the Ph.D. program Entry Requirements: Mathematics for Economists passed with 2,3 or better, corresponding basic module passed with 2,3 or better

11 Project Modules (Research Seminars) offered in all study areas except Economic Research focus is on research methods, students will improve their analytical skills, e.g. by replicating a paper, collecting and processing data, developing research questions and a research design, structuring a research paper serve as preparation for writing the Master thesis offered only in winter semesters, students take them in their third semester entry requirements: completed basic module (for registration) and advanced module (for participating) in the corresponding study area places are allocated through an online registration procedure, see

12 Required Basic Modules/Advanced Modules

13 Winning Team Markus Behn, Jonas Sobott, Rüdiger Weber und Dorje Wulf received the Postbank Finance Award of 50,000 Euro. Together with Professor Dr. Rainer Haselmann the four students analyzed the information value of country ratings. (photo: wolterfoto.de)

14 Master Thesis Upon successful completion of all required basic, advanced, and project modules, students are ready to start writing the Master thesis Requirements: one advanced module from the study area in which you want to write your thesis one project module from any study area students earn 30 credit points for successfully completing the thesis

15 Course of Study 1st Sem Winter Basic Module Mathematics Basic Module (Study Area 1) Basic Module (Study Area 2) Basic Module (Study Area 3) 7,5 CP 7,5 CP 7,5 CP 7,5 CP 2nd Sem Summer Advanced Module (optional) Advanced Module (Study Area 1) Advanced Module (Study Area 2) Advanced Module (optional) 3rd Sem Winter 7,5 CP 7,5 CP 7,5 CP Project Module (Basic & Advanced Module required) Advanced Module (optional) 7,5 CP Advanced Module (optional) or Basic Module (Study Area 4) or additional Project Module 15 CP 7,5 CP 7,5 CP 4th Sem Summer Master Thesis 30 CP

16 Examinations (1) basic modules are offered only in the winter semester, advanced modules in a yearly cycle, project modules are offered in winter semesters only module examinations for the basic modules are written examinations only module examinations for the advanced modules are written or oral examinations module examinations for the project module are presentations and term papers

17 Examinations (2) There are two examination periods for written and oral exams. The first examination period begins shortly after the end of the semester in which the module was offered. The second period precedes the start of the following semester. For the exact dates, please check the page of the VWL Prüfungsamt (Economics Examination Office) Students may choose the examination period in which they want to take their exam. Students usually take four exams per semester.

18 www. vwlpamt.uni-bonn.de/pruefungsamt

19 Examinations (3) Students can take the exams for the basic and advanced module up to three times to pass them. In order to improve their grades, students can retake exams for those basic modules they have taken in the first exam period in the second exam period of the same semester. This is not possible for advanced modules. Students can take a project module exam twice in order to pass it Students can write the Master Thesis twice in order to pass it

20 Registration with the Prüfungsamt (Economic Exams Office) Registration for Master students will take place on Monday, December 09, 2:00 4:00 pm Wednesday, December 11, 12:00 2:00 pm at the VWL Prüfungsamt, Juridicum, Room Once you are registered with the Prüfungsamt, you can register for exams through the electronic schedule of classes (EVV - Basis) and print your transcripts through Basis (both in a German and an English version) If you fail to register, you will nto be able to aprticipate in the first exam period

21 Registration at the Economics Examination Office In order to be admitted, students need to present a complete CV with photo a certified copy of their Bachelor degree certificate a certified copy of their English language test the completed Application Form (filled in online) pruefungsamt/master-dates-and-deadlines/masterzulassung their student ID

22 There is no registration for classes. Registration for Exams (1) Students need to register for exams through the electronic schedule of classes (EVV) during the registration period for exams which is announced on the pages of the VWL Prüfungsamt under the heading Terminübersicht ( Meldung zu den Prüfungen ) basis.uni-bonn.de

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24 You receive your login information for your university account with your student documentation. With your username and your initial password you can log on to the electronic class schedule.

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26 Exam Registration (2) registration for exams can be cancelled online through Basis during the registration period students are required to check whether their registrations and cancellations have been registered correctly. Changes will not be possible after the registration/cancellation deadline To be able to prove that you have registered for an exam or withdrawn from an exam (should any problems occur), please print the pdf-file (or save it on your computer)

27 Exam Registration Schedule Winter 2013/14 M.Sc. Economics January 14 21: January 27: (Feb 01 Feb 17): Feb 25 March 04: March 10: (March 17 28): registration for the first exam period last day to cancel registrations first exam period registration for the second exam period last day to cancel registrations second exam period For more information, please check the Terminplan on the internet page of the VWL Prüfungsamt: pdf

28 Withdrawing from an Examination because of Illness students who are unable to take an exam because they are ill, need to: (1) not appear for the exam (2) immediately submit a brief informal written request to cancel your registration specifying the examination(s) they want to withdraw from (3) submit a doctor s certificate including information about the kind, severity and duration of your illness

29 Academic Calendar Winter Semester 2013/14 Oct. 14, 2013 Feb. 7, 2014 Dies Academicus December 04, 2013 Christmas Break Dec. 21, 2013 Jan. 4, 2014 Summer Semester 2014 April 7, 2014 July 18, 2014 Pentecost Break tba Winter Semester 2014/15 Oct. 06, 2014 Feb. 06, 2014 Summer Semester 2015 Apr. 07, 2015 July 17, 2015

30 Studying Abroad ERASMUS study at European partner institutions of the Department of Economics: Partner universities available for Master students: Belgium: Katholike Universiteit Leuven, Leuven Czech Republic: Karls Universität, Prag Danmark: Copenhagen Business School, Copenhagen France: ENSAE, Paris (Master Students only) Italy: Universita degli Studi di Siena, Siena Netherlands: Erasmus Universiteit, Rotterdam

31 Studying Abroad Direct Exchange study at international partner universities of the University of Bonn, e.g. in Australia, Japan, USA, Canada and other countries, more information at the International Office: Application Deadlines for the academic year 2014/15: ERASMUS: 01. February 2014 Direct Exchange: 19. November 2013 (USA, Canada, Mexico ) 26. November 2013 (Asia)

32 Guided Library Tour M.Sc. Economics guided library tours, also in English, including a tour of the stacks and helpful hints on online information search and retrieval. More information:

33 www3.uni-bonn.de/studying/international-students/informationfor-international-students?set_language=en

34 www3.uni-bonn.de/studying/internationalstudents/german/german-courses

35 Learning German Empfohlen für Studierende im 2. und 3. Semester Einführung in die Wissenschaftssprache und das wissenschaftliche Schreiben (B2+) Empfohlen für Studierende ab dem 3. Semester Wissenschaftssprache und wissenschaftliches Schreiben (C1) Empfehlung für Studierende in der Abschlussphase Wissenschaftssprache, Schwerpunktkurs: Abschlussarbeiten (C2) Weitere aktuelle Informationen finden Sie unter

36 www3.uni-bonn.de/studium/studium-interkulturell/internationaler-club

37 Intercultural workshop for both German and international students which provide participants with theoretical knowledge about intercultural communication and offers practical exercises take place in the International Club, Poppelsdorfer Allee 53 October 26-27, 2013 (Saturday, Sunday) - in English November 08-09, 2013 (Friday, Saturday) - in German November 23-24, 2013 (Saturday, Sunday) - in English December 06-07, 2013 (Friday, Saturday) - in German Registration: online registration on the pages of the International Office International Choir each Monday, 8-10 pm, If you are interested, please contact Martin Kirchharz ) or Sandra Groeger

38 Financing your Studies: Students from EU countries: do not need a work permit need to pay taxes and social security contributions if they work for more than 19 hours per week or earn more than 400 Euros per month Students from non-eu countries usually the permission to work during semester breaks (120 days full time or 240 days part time) is marked in your passport. Students do not require an extra work permit. during the semester students may work up to 10 hours per week

39 Jobs for students in Bonn: University Links: Job Center Bonn: Search for Studentenjobs Bonn with Google. You will find pages like: Temp work: Many students do temp work. You have to register at a temp agency, which will refer you to companies that are looking for temporary labor in factories. Students often do such jobs during the semester breaks.

40 Work permit: Students from UK, Ireland, France, Netherlands, Belgium, Luxemburg, Spain, Portugal, Italia, Greece, Austria, Denmark, Sweden, Finland, Norway, Iceland, Switzerland, Lichtenstein: No permit needed Students from Estonia, Latvia, Lithuania, Slovakia, Czech Republic, Poland, Greek Part of Cypress, Malta, Slovenia, Romania, Bulgaria, Hungary: Get your permit at Arbeitsagentur (Job Centre) Students from other Countries: Get your permit at Ausländeramt (Immigration Office)

41 VRS SemesterTicket: takes you through the whole state of North Rhine-Westphalia M.Sc. Economics

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43 Location of the Lecture Halls M.Sc. Economics

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46 Questions? Dr. Sabine Hübner-Monien International and Master Coordinator Phone: 0228 / Juridicum, Room Economic Examinations Office/VWL Prüfungsamt Phone: 0228 / Juridicum, Room Economics Student Association

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