Economics University of Münster

All classes are held in English (100%).

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.

Applications can be submitted from the beginning of May to 15 July (winter semester) and from mid-November to 15 January (summer semester). For more information, please visit our homepage.

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.

We often offer lectures by visiting researchers or visiting faculties from abroad in our Master's programme.

Students are encouraged to spend one semester abroad, but this remains optional. The International Relations Centre within the School of Business and Economics will gladly assist those students who wish to pursue this opportunity.

No tuition fees

Students must pay a semester contribution fee of approx. 330 EUR per semester. This includes a "semester ticket" covering public transportation in the greater Münster area as well as all of Germany.

You can find more information here:
https://www.uni-muenster.de/studieninteressierte/en/einschreibung/semesterbeitrag.shtml.

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.

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.

English: level C1

The following certificates are accepted as proof of English language competence:

• A German upper secondary school leaving certificate ("Abiturzeugnis") showing English Level C1 or that the applicant has taken English courses for at least seven years.
• A TOEFL language proficiency certificate: A maximum of 120 points can be awarded for the Internet-based TOEFL test (Test of English as a Foreign Language). Applicants must score at least 95 points.
• An International English Language Testing System (IELTS) certificate: Applicants must have attained at least level 7 on the IELTS band scale.
• The European Language Certificates (TELC): Level C1 on the CEFR scale
• The Admissions Committee will accept any other language proficiency certificate that shows that the holder has attained level C1 on the CEFR scale.
• The applicant is a native speaker of English.

A proficiency letter is not accepted!

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

Applications can be submitted from the beginning of May to 15 July (winter semester) and from mid-November to 15 January (summer semester). For more information, please visit our homepage.

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As in all popular university cities in Germany, accommodation is in high demand and is not easy to find in Münster – but it’s not impossible either!

Please contact the International Office (Bachelor's and Master's students) or the CERes (doctoral candidates) of the university for advice. Please also note that the University of Münster (like most German public universities) does not have its own student halls of residence.

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.

The International Office of the university provides advice and support on study-specific and social issues and problems such as:

• at the beginning of your studies (authorities, start of studies)
• health insurance
• financing your studies
• problems during your studies or in everyday life.

The Student Advice and Counselling Centre (ZSB) of the University of Münster provides support for students in various areas, including:

• assistance with learning techniques
• workshops on learning techniques and stress management
• psychological counselling for students dealing with personal difficulties that are affecting their studies

The Student Advice and Counselling Centre provides relevant information, assesses the individual circumstances of the student and considers objective factors to help develop customised solutions and potential courses of action.