Master in Quantitative Economics

The Master's degree programme in Quantitative Economics offers exceptionally talented students a fast track to careers as academic and professional economists, providing them with the most advanced tools and methods in quantitative economics. Its structure is comparable to the first two years of the best PhD programmes in the US and the UK. The research-oriented training combines demanding course content in the core fields of economics with advanced mathematical and statistical methods. Students will work on joint or personal research projects in their third semester, which enables them to specialise in their fields of interest early on and produce original research in their Master's theses. Soft skills and key competence courses round up the training. The LMU Department of Economics, one of the largest and most renowned in Germany, is committed to intense supervision and guidance for all students. Each student will be assigned a mentor of the core faculty as well as a post-doctoral mentor, who are selected according to the student's research interests. The curriculum is divided into compulsory modules (CM) and elective modules (EM). Together, they cover 120 ECTS over four semesters. The first semester focuses on rigorous, advanced training in the current methods used in the fields of microeconomics, macroeconomics, and econometrics. In their second semester, students further hone their abilities with additional training in the methods of microeconomics and macroeconomics and choose a primary field of specialisation from microeconomics, macroeconomics, econometrics or public economics. Specialisation in a field of choice is an innovative feature of the research-focused MQE. With their examiner, students will decide on the specific topic in the field that is expected in the exam. For the oral exam, in general, students will take one advanced course and one advanced seminar, while also exploring current research in the field as preparation. Additionally, students will receive targeted soft skills training in academic writing and verbal presentation, among other things. Students select a second field specialisation in their third semester. By concentrating in multiple fields, students obtain a deeper understanding of the many aspects of economics, enabling them to work on their personal or joint research project in the third semester. This allows for them to specialise in their field of interest, and subsequently to produce original research in their Master's theses in the fourth semester.