Curriculum Applied Track
During the first year, students mostly take mandatory courses providing them with the concepts and tools necessary for state-of-the art analyses of problems in economic policy and business.
In the second year, students choose their preferred areas of specialization and write a Master's Thesis. For each area of specialization there is a Research & Policy Seminar. Students work in small groups to develop their own research projects, closely interacting with instructors. Class size is limited in the Research & Policy Seminars to 15 students.
Curriculum 2018
Foundations of Economics
Prerequisite for all further coursesThe Master’s in Economics program starts with an introductory phase. During the first two months students complete the Foundations of Economics course. The course covers three areas:
microeconomics
macroeconomics
mathematical methods
Mandatory Courses
Mandatory Courses | ECTS | CH |
---|---|---|
Mandatory CoursesEconomic Policy | ECTS4 | CH2 |
Mandatory CoursesPublic Economics | ECTS4 | CH2 |
Mandatory CoursesHeterodox Economics | ECTS4 | CH2 |
Mandatory CoursesMacroeconomic Models and Methods | ECTS4 | CH2 |
Mandatory CoursesTopics in Macroeconomic Theory and Policy | ECTS5 | CH2 |
Mandatory CoursesMicroeconomic Models and Methods | ECTS4 | CH2 |
Mandatory CoursesTopics in Applied Microeconomics | ECTS5 | CH2 |
Mandatory CoursesGame Theory | ECTS5 | CH2 |
Mandatory CoursesEconometrics and Empirical Economic Research | ECTS4 | CH2 |
Mandatory CoursesMicroeconometrics | ECTS4 | CH2 |
Mandatory CoursesMacroeconometrics | ECTS4 | CH2 |
Specializations
Choose four areas of specialization out of eleven. In each area of specialization take one field course.
Field Courses | ECTS | CH |
---|---|---|
Field CoursesLabour and Organizational Economics | ECTS6 | CH3 |
Field CoursesEconomics of Distribution | ECTS6 | CH3 |
Field CoursesEconomic and Social Policy | ECTS6 | CH3 |
Field CoursesInternational Economics | ECTS6 | CH3 |
Field CoursesMoney, Credit, and Finance | ECTS6 | CH3 |
Field CoursesEconomic Development | ECTS6 | CH3 |
Field CoursesSpatial Economics | ECTS6 | CH3 |
Field CoursesIndustrial Organization | ECTS6 | CH3 |
Field CoursesRegulatory Economics | ECTS6 | CH3 |
Field CoursesPublic Sector Economics | ECTS6 | CH3 |
Field CoursesBehavioral and Experimental Economics | ECTS6 | CH3 |
Choose two Research&Policy Seminars accompanying selected areas of specialization.
Research&Policy Seminars | ECTS | CH |
---|---|---|
Research&Policy SeminarsLabour and Organizational Economics | ECTS4 | CH2 |
Research&Policy SeminarsEconomics of Distribution | ECTS4 | CH2 |
Research&Policy SeminarsEconomic and Social Policy | ECTS4 | CH2 |
Research&Policy SeminarsInternational Economics | ECTS4 | CH2 |
Research&Policy SeminarsMoney, Credit, and Finance | ECTS4 | CH2 |
Research&Policy SeminarsEconomic Development | ECTS4 | CH2 |
Research&Policy SeminarsSpatial Economics | ECTS4 | CH2 |
Research&Policy SeminarsIndustrial Organization | ECTS4 | CH2 |
Research&Policy SeminarsRegulatory Economics | ECTS4 | CH2 |
Research&Policy SeminarsPublic Sector Economics | ECTS4 | CH2 |
Research&Policy SeminarsBehavioral and Experimental Economics | ECTS4 | CH2 |
Find information on course contents here.
Elective
To qualify as Electives, courses must meet the following criteria:
Related to Economics
Master's Level
Final Grade (no workshop type courses)
You can combine multiple courses to attain the required 6 ECTS.
Types of Courses:
1. Courses offered by WU's MSc Economics:
All Field Courses and R&P Seminars of the MSc Economics are eligible as Elective.
In case that the content is not too similar to a course of your curriculum, you have the option to take mandatory courses from the track you are not enrolled in.
Note: Bridging courses are not eligible as Elective.
Registration:
Field Courses: via LPIS or email to exam.master@wu.ac.at
R&P Seminars and mandatory courses: email to exam.master@wu.ac.at
2. Other Master's Level Courses at WU:
If you are interested in taking a course from another master's program at WU, please contact masterECON@wu.ac.at. Provide a link to the course’s syllabus.
Choose from "Additional Courses" – master's level courses not part of any curriculum:
Refer to the course catalog (Master's Programs/Additional Courses).
Check eligibility by emailing masterECON@wu.ac.at.
Recommendations:
Scientific Working with R and LaTeX (offered in February and September)
SOLV – organized by ECON students (offered each semester)
3. Courses from Other Universities (Austria and Abroad):
Exchange semester: For quick, preliminary information on courses that are eligible for credit transfer, please check the online database for credit transfer. Please contact course.abroad@wu.ac.at for any additional questions.
Other Austrian universities: For credit transfers from other universities in Austria you have to apply for a pre-recognition notice before starting the course. To do so, please contact studienrecht@wu.ac.at.
EU.ENGAGE: You can also search for suitable courses within the EU.ENGAGE network – online courses offered our eight European universities (Manheim, Toulouse, Tilburg,..). To check eligiblility of a course please contact course.abroad@wu.ac.at.
Central European University: CEU-WU student exchange
https://acro.ceu.edu/wutoceu
4. Extracurricular Service Learning at WU:
Service learning is a method of teaching and learning that combines service to the community with the acquisition of academic, methodological, and social skills. In service learning projects, students perform work that benefits the community. They learn how to draw connections between relevant theoretical content and what they learn in their practical work.
To have your credits assigned to the Elective, upon course completion, contact exam.master@wu.ac.at (for courses of category 1, 2, or 4), or anerkennung@wu.ac.at (category 3).
Master's Thesis
In their final semester students write a master's thesis that focuses on an economic research question analyzed using scientific methods. Students may choose their topic freely, subject to their advisor's consent.
Students present their findings and results at the Master's Thesis Conference - a special course in conference-style format including panels, referees and open discussions offered every semester.
Curriculum 2022
Foundations of Economics
Foundations of Economics | ECTS | CH |
---|---|---|
Foundations of EconomicsIntroductory Week | ECTS1 | CH1 |
Foundations of EconomicsFoundations of Mathematics | ECTS4 | CH2 |
Foundations of EconomicsFoundations of Macroeconomics | ECTS4 | CH2 |
Foundations of EconomicsFoundations of Microeconomics | ECTS4 | CH2 |
Mandatory Courses
Mandatory Courses | ECTS | CH |
---|---|---|
Mandatory CoursesPublic Economics | ECTS4 | CH2 |
Mandatory CoursesMacroeconomic Models and Methods | ECTS4 | CH2 |
Mandatory CoursesTopics in Macroeconomic Theory and Policy | ECTS5 | CH2 |
Mandatory CoursesMicroeconomic Models and Methods | ECTS4 | CH2 |
Mandatory CoursesTopics in Applied Microeconomics | ECTS5 | CH2 |
Mandatory CoursesGame Theory | ECTS5 | CH2 |
Mandatory CoursesEconometrics and Empirical Economic Research | ECTS4 | CH2 |
Mandatory CoursesMicroeconometrics | ECTS4 | CH2 |
Mandatory CoursesMacroeconometrics | ECTS4 | CH2 |
Mandatory CoursesEconomic Policy* | ECTS4 | CH2 |
Mandatory CoursesHeterodox Economics* | ECTS4 | CH2 |
Mandatory CoursesBusiness Analytics* | ECTS4 | CH2 |
* Compulsory electives: choose two out of three
Specializations
Choose four areas of specialization out of eleven. In each area of specialization take one field course.
Field Courses | ECTS | CH |
---|---|---|
Field CoursesLabour and Organizational Economics | ECTS6 | CH3 |
Field CoursesEconomics of Distribution | ECTS6 | CH3 |
Field CoursesEconomic and Social Policy | ECTS6 | CH3 |
Field CoursesInternational Economics | ECTS6 | CH3 |
Field CoursesData Science and Machine Learning | ECTS6 | CH3 |
Field CoursesMoney, Credit, and Finance | ECTS6 | CH3 |
Field CoursesEconomic Development | ECTS6 | CH3 |
Field CoursesSpatial Economics | ECTS6 | CH3 |
Field CoursesIndustrial Organization | ECTS6 | CH3 |
Field CoursesRegulatory Economics | ECTS6 | CH3 |
Field CoursesPublic Sector Economics | ECTS6 | CH3 |
Field CoursesBehavioral and Experimental Economics | ECTS6 | CH3 |
Choose two Research&Policy Seminars accompanying selected areas of specialization.
Research&Policy Seminars | ECTS | CH |
---|---|---|
Research&Policy SeminarsLabour and Organizational Economics | ECTS4 | CH2 |
Research&Policy SeminarsEconomics of Distribution | ECTS4 | CH2 |
Research&Policy SeminarsEconomic and Social Policy | ECTS4 | CH2 |
Research&Policy SeminarsInternational Economics | ECTS4 | CH2 |
Research&Policy SeminarsData Science and Machine Learning | ECTS4 | CH2 |
Research&Policy SeminarsMoney, Credit, and Finance | ECTS4 | CH2 |
Research&Policy SeminarsEconomic Development | ECTS4 | CH2 |
Research&Policy SeminarsSpatial Economics | ECTS4 | CH2 |
Research&Policy SeminarsIndustrial Organization | ECTS4 | CH2 |
Research&Policy SeminarsRegulatory Economics | ECTS4 | CH2 |
Research&Policy SeminarsPublic Sector Economics | ECTS4 | CH2 |
Research&Policy SeminarsBehavioral and Experimental Economics | ECTS4 | CH2 |
Elective
To qualify as Electives, courses must meet the following criteria:
Related to Economics
Master's Level
Final Grade (no workshop type courses)
You can combine multiple courses to attain the required 6 ECTS.
Types of Courses:
1. Courses offered by WU's MSc Economics:
All Field Courses and R&P Seminars of the MSc Economics are eligible as Elective.
In case that the content is not too similar to a course of your curriculum, you have the option to take mandatory courses from the track you are not enrolled in.
Note: Bridging courses are not eligible as Elective.
Registration:
Field Courses: via LPIS or email to exam.master@wu.ac.at
R&P Seminars and mandatory courses: email to exam.master@wu.ac.at
2. Other Master's Level Courses at WU:
If you are interested in taking a course from another master's program at WU, please contact masterECON@wu.ac.at. Provide a link to the course’s syllabus.
Choose from "Additional Courses" – master's level courses not part of any curriculum:
Refer to the course catalog (Master's Programs/Additional Courses).
Check eligibility by emailing masterECON@wu.ac.at.
Recommendations:
Scientific Working with R and LaTeX (offered in February and September)
SOLV – organized by ECON students (offered each semester)
3. Courses from Other Universities (Austria and Abroad):
Exchange semester: For quick, preliminary information on courses that are eligible for credit transfer, please check the online database for credit transfer. Please contact course.abroad@wu.ac.at for any additional questions.
Other Austrian universities: For credit transfers from other universities in Austria you have to apply for a pre-recognition notice before starting the course. To do so, please contact studienrecht@wu.ac.at.
EU.ENGAGE: You can also search for suitable courses within the EU.ENGAGE network – online courses offered our eight European universities (Manheim, Toulouse, Tilburg,..). To check eligiblility of a course please contact course.abroad@wu.ac.at.
Central European University: CEU-WU student exchange
https://acro.ceu.edu/wutoceu
4. Extracurricular Service Learning at WU:
Service learning is a method of teaching and learning that combines service to the community with the acquisition of academic, methodological, and social skills. In service learning projects, students perform work that benefits the community. They learn how to draw connections between relevant theoretical content and what they learn in their practical work.
To have your credits assigned to the Elective, upon course completion, contact exam.master@wu.ac.at (for courses of category 1, 2, or 4), or anerkennung@wu.ac.at (category 3).
Master's Thesis
In their final semester students write a master's thesis that focuses on an economic research question analyzed using scientific methods. Students may choose their topic freely, subject to their advisor's consent.
Students present their findings and results at the Master's Thesis Conference - a special course in conference-style format including panels, referees and open discussions offered every semester.