Economics of Global Risk (EGR)

Globalised economies are exposed to globalised risks. Financial crises, climate change, wars and geopolitics, or the spread of pandemics threaten globally integrated economies. All of these disruptions are global in nature. Households, firms, and policymakers must address risks that are no longer confined to national borders. The MSc Economics of Global Risk is taught by research-active professors and provides both theoretical and practical in-depth knowledge of economic concepts related to global risks such as financial crises, climate change, geopolitical instability, and pandemics. Beyond lectures and seminars, you will take part in research projects that address real-world risk scenarios from an early stage. Addressing global risks requires professionals who combine economic expertise with strong quantitative skills and insights from related fields such as international politics, development studies, and international law. This programme prepares students to understand and navigate an increasingly uncertain global economy. Graduates are well-equipped for careers in government, NGOs, multinational corporations, and research institutions. The core courses are in Economics. Students can choose additional courses from related disciplines such as business studies, political sciences, law, and agricultural studies. The Faculty of Law, the Faculty of Social Sciences and Cultural Studies, the Faculty for Agricultural Studies, and the Center for International Development and Environmental Research (ZEU) at JLU Giessen cooperate with the programme. The structure of the programme is defined by the study and exam regulation, containing detailed descriptions of the contents and goals of individual modules as well as definitions of the type of and requirements for individual assessments in the modules and the final examination for the programme. These regulations also define the available credits for each module and the required hours for the completion of the programme. The programme comprises three study blocks, and each consists of different modules. In addition to the compulsory 120 ECTS, you can take optional extra courses amounting to 18 ECTS. In the first three semesters, you will take five modules of six ECTS each. In the fourth semester, you will write your thesis (30 ECTS). However, you can be flexible with your programme in terms of the duration of your studies, as you have a total of eight semesters to complete your degree. The Major consists of 60 ECTS, including seven compulsory modules and three compulsory elective modules. In addition to the "Trade Policy and Global Supply Chains", "Risk and Open Economy" and "Advanced Econometrics" compulsory modules, students must complete two research projects and two seminars within the Economics of Global Risk area. During the compulsory seminars, students will engage with important contemporary topics that are foundational to the degree programme. The two compulsory research projects may involve participating in ongoing research or learning to use software applications. Students also have a wide choice of three compulsory elective modules. This allows to set individual priorities and prepare optimally for the career entry. The Minor comprises a total of 30 ECTS. In the Minor, students can choose modules from the list of compulsory elective modules in the Major and from other areas of business studies and economics. The students also have the opportunity to enrol in Master's modules from other disciplines amounting to maximum 12 ECTS. Alternatively, an internship equivalent to six ECTS can be completed, or other modules on cross-sectional topics such as Gender & Diversity or Business English can be taken. Within these 12 ECTS, ungraded achievements can also be included. The thesis module (30 ECTS) concludes the Master's programme. The Master’s thesis should demonstrate that the student is capable of independently treating a defined research subject. When registering for the thesis