Master of Science in Economics

(number, form, extent) Course -oriente d For completion of the examination module Requirement for admi s-sion to assessment Lecture 2 - - written exam...

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Master of Science in Economics Module Catalogue Wirtschafts- und Sozialwissenschaftliche Fakultät

Content

Curriculum ............................................................................................................................... 3 A. Fundamentals....................................................................................................................... 4 Advanced Microeconomics .................................................................................................... 4 Advanced Macroeconomics ................................................................................................... 5 Advanced Microeconometrics ................................................................................................ 6 B. Specialization I ..................................................................................................................... 7 Political Economics ................................................................................................................ 7 Urban and Regional Economics ............................................................................................. 8 Growth and Distribution......................................................................................................... 9 International Political Economics ........................................................................................ 10 Development Economics ...................................................................................................... 11 Public Policy Evaluation ...................................................................................................... 12 Applied Microeconomics ..................................................................................................... 13 C. Specialization II ................................................................................................................. 14 Economic Studies I............................................................................................................... 14 Economic Studies II ............................................................................................................. 15 Advanced Course in Economics I ........................................................................................ 16 Advanced Course in Economics II ....................................................................................... 17 Cross Disciplinary Studies ................................................................................................... 18 D. Research Colloquium ........................................................................................................ 19 Research Colloquium ........................................................................................................... 19

Curriculum

M.Sc. Economics Module Title A. Fundamentals Compulsory modules. Advanced Microeconomics Advanced Macroeconomics Advanced Microeconometrics B. Specialization I Required options. Four modules have to be selected. Political Economics Urban and Regional Economics Growth and Distribution International Political Economics Development Economics Public Policy Evaluation Applied Microeconomics C. Specialization II Required options. Choose two modules from „B. Specialization“ (24 CP) or choose one module from „B. Specialization“ (12 CP) and two of the following modules (12 CP) or select four of the following modules (24 CP). Economic Studies I Economic Studies II Advanced Course in Economics I Advanced Course in Economics II Cross Disciplinary Studies D. Master Thesis and Research Colloquium Research Colloquium Master Thesis Total

CP 27 9 9 9 48 12 12 12 12 12 12 12 12 24

6 6 6 6 6 6 21 3 18 120

A. Fundamentals Module Title Total Credits 9 CP (Credit Points) Advanced Microeconomics Module Code MA-B-100 Module Type compulsory module On successful completion of this module, students will:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

have deepened knowledge about microeconomic theory and current research in this field;

-

be able to apply theoretical methods to analyze decisions under risk and uncertainty;

-

be able to deal with current economic problems using microeconomic techniques;

-

be able to discuss economic topics in a scientific way.

written examination (90 minutes) 210 hours Contact hours (hours per week)

Lecture

2

Tutorial

2

Frequency Language of instruction Prerequisites Module co-ordinator

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment team-based assignment (10-25 pages) summer term German or English None Prof. Dr. Lisa Bruttel

4

Course-oriented examination ---

Module Title Total Credits 9 CP (Credit Points) Advanced Macroeconomics Module Code MA-B-200 Module Type compulsory module On successful completion of this module, students will be able to:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

get the general idea of modern dynamic macroeconomic theories;

-

understand methods useful for the theoretical or empirical analysis of dynamic macroeconomic models;

-

deal with problems from the field of dynamics macroeconomics and to evaluate economic policy measures;

-

independently apply methods used for the theoretical or empirical analysis of dynamic macroeconomic models to actual policy questions.

written examination (90 minutes) 210 hours Contact hours (hours per week)

Lecture

2

Tutorial

2

Frequency Language of instruction Prerequisites Module co-ordinator

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment team-based assignment (10-25 pages) winter term German or English None Prof. Dr. Maik Heinemann

5

Course-oriented examination ---

Module Title Total Credits 9 CP (Credit Points) Advanced Microeconometrics Module Code MA-B-300 Module Type compulsory module On successful completion of this module, students will be able to:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

detect and analyze empirical relationships;

-

understand the most important microeconometrical estimation methods, e.g. the multiple regression model, the instrumental variables estimator, estimation approaches for binary dependent variables;

-

apply the estimation methods;

-

understand, assess and deal with complex empirical questions;

-

analyze data sets with the statistical software STATA and apply the acquired theoretical knowledge in practice.

written examination (90 minutes) 210 hours Contact hours (hours per week)

Lecture

2

Tutorial

2

Frequency Language of instruction Prerequisites Module co-ordinator

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment team-based assignment (10-25 pages) winter term English None Prof. Dr. Marco Caliendo

6

Course-oriented examination ---

B. Specialization I Module Title Political Economics Module Code Module Type

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

Total Credits 12 CP (Credit Points) MA-S-100 compulsory optional module On successful completion of this module, students will be able to: -

have an overview of the current state of research in the field of Political Economics;

-

master the theoretical and empirical methods of analysis in Political Economy;

-

assess recent issues in Political Economics by using economic theory as well as evaluating economic policy measures;

-

handle and solve problems from the field of Political Economy.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Tutorial

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

summer term German or English None Prof. Dr. Rainald Borck

7

Course-oriented examination written examination (90 min.) problemsolving questions (10-15 pages) or portfolio (oral presentation [20 min.] and academic essay [20 pages])

Module Title Total Credits 12 CP (Credit Points) Urban and Regional Economics Module Code MA-S-200 Module Type compulsory optional module On successful completion of this module, students will be able to:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

have an overview of the current state of research in the field Urban and Regional Economics;

-

master the theoretical and empirical methods of analysis in Urban and Regional Economics;

-

assess recent issues in Urban and Regional Economics by using economic theory as well as evaluating economic policy measures;

-

handle and solve problems from the field of Urban and Regional Economics.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Tutorial

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

winter term German or English None Prof. Dr. Rainald Borck

8

Course-oriented examination written examination (90 min.) problemsolving questions (10-15 pages) or portfolio (oral presentation [20 min.] and academic essay [20 pages])

Module Title Total Credits 12 CP (Credit Points) Growth and Distribution Module Code MA-S-300 Module Type compulsory optional module On successful completion of this module, students will be able to:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

get the general idea of modern theories of growth and distribution as well as natural resource economics;

-

understand methods useful for the theoretical or empirical analysis of dynamic macroeconomic models;

-

deal with problems from this subject area and to evaluate economic policy measures;

-

independently apply methods used for the theoretical or empirical analysis of dynamic macroeconomic models to actual policy questions.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Tutorial

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

summer term German or English None Prof. Dr. Maik Heinemann

9

Course-oriented examination written examination (90 min.) problemsolving questions (10-15 pages)

Module Title International Political Economics Module Code MA-S-400 Module Type compulsory optional module

Total Credits 12 CP (Credit Points)

On successful completion of this module, students will

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

have profound knowledge of trade theories, trade policies and the institutions of the world trade regime;

-

be able to analyze complex subject matters in the field of international economic relations by using analytical and empirical concepts and methods;

-

be capable to examine the validity and relevance of trade models and develop feasible economic policy recommendations;

-

be trained to present their own research work in a professional way and comment on the research work done by other scientists and institutions.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Seminar

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

winter term German or English None Prof. Dr. Malcolm Dunn

10

Course-oriented examination written examination (90 min.) portfolio (oral presentation [20 min.] and academic essay [12-15 pages])

Module Title Development Economics Module Code MA-S-500 Module Type compulsory optional module

Total Credits 12 CP (Credit Points)

On successful completion of this module, students will

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

have profound knowledge of the theories and policies of economic development and underdevelopment and the mayor international development institutions and organizations;

-

be able to analyze complex subject matters in the field of economic development by using analytical and empirical concepts and methods;

-

be capable to examine the validity and relevance of development models and develop feasible economic policy recommendations;

-

be trained to present their own research work in a professional way and comment on the research work done by other scientists and institutions.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Seminar

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

Course-oriented examination written examination (90 min.) portfolio (oral presentation [20 min.] [25%] and academic essay [12-15 pages] [75%])

lecture = winter term, seminar = summer term German or English None Prof. Dr. Malcolm Dunn

11

Module Title Total Credits 12 CP (Credit Points) Public Policy Evaluation Module Code MA-S-600 Module Type compulsory optional module On successful completion of this module, students will:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

know empirical approaches to evaluate policy interventions;

-

know different experimental and non-experimental estimation methods and their underlying assumptions, e.g. Matching and Difference-in-Differences;

-

have a profound knowledge of the statistical software STATA;

-

be able to apply the acquired theoretical methods on practical problems;

-

be able to present their results and findings in a structured and coherent way.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Seminar

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

Course-oriented examination written examination (90 min.) portfolio (oral presentation [20 min.] [25%] and academic essay [15-20 pages] [75%])

summer term English Module MA-B-300 Microeconometrics (recommendation) Prof. Dr. Marco Caliendo

12

Module Title Total Credits 12 CP (Credit Points) Applied Microeconomics Module Code MA-S-700 Module Type compulsory optional module On successful completion of this module, students will:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities)

-

have deepened knowledge about microeconomic theory and current research important special topics;

-

be able to apply theoretical and empirical methods to analyze microeconomic questions;

-

be able to deal with and answer economic questions in a scientific way using microeconomic techniques.

see course-oriented examination 300 hours Contact hours (hours per week)

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment

Lecture

2

-

-

Tutorial

2

-

-

Frequency Language of instruction Prerequisites Module co-ordinator

summer term German or English None Prof. Dr. Lisa Bruttel

13

Course-oriented examination written examination (90 min.) problemsolving questions (10-15 pages)

C. Specialization II Module Title Economic Studies I Module Code Module Type

Total Credits 6 CP (Credit Points) MA-W-110 compulsory optional module On successful completion of this module, students will - have extended their knowledge in one of the above mentioned fields of economics

Learning Outcomes and Module Content



Growth, Distribution, Resource Allocation,



Foreign Trade Theory and Policy,



Environment and International Taxation,



Labor Economics,



Dynamic Macroeconomics;

- be familiar with the current state of research and also capable to comment on the current debates within the subject matter; - be trained to develop economic policy recommendations and qualified to participate in research projects by applying analytical and empirical methods and concepts professionally. Method of Assessment (Assessment Type) Self Study (in hours)

written examination (max. 120 min.) or report (12-20 pages) or portfolio (oral presentation [20 min.] and academic essay [15-20 pages] [course-oriented] 150 hours

Course Type (Teaching Activities)

Contact hours (hours per week)

Lecture or Seminar or Tutorial

2

Frequency Language of instruction Prerequisites Module co-ordinator

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment -

-

Course-oriented examination -

summer term or winter term German or English None Prof. Dr. Maik Heinemann / Prof. Dr. Malcolm Dunn

14

Module Title Economic Studies II Module Code Module Type

Total Credits 6 CP (Credit Points) MA-W-120 compulsory optional module On successful completion of this module, students will be able to: -

enlarge their knowledge on a chosen field in Economics and obtain profound knowledge in one of the following fields: o Urban and Regional Economics, o Development theory and politics,

Learning Outcomes and Module Content

o Energy Economics, o Microeconomics; - know the state of research and are able to make a grounded judgment on current debates; -

deepen their knowledge in methods and are able to work on recent economical questions with economic theories and evaluate(political) measures.

Method of Assessment (Assessment Type) Self Study (in hours)

written examination (max. 120 min.) or report (12-20 pages) or portfolio (oral presentation [20 min.] and academic essay [15-20 pages] [course-oriented] 150 hours

Course Type (Teaching Activities)

Contact hours (hours per week)

Lecture or Seminar or Tutorial

2

Frequency Language of instruction Prerequisites Module co-ordinator

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment -

Course-oriented examination

-

summer term or winter term German or English None Prof. Dr. Rainald Borck / Prof. Dr. Anne Neumann

15

-

Module Title Total Credits 6 CP (Credit Points) Advanced Course in Economics I Module Code MA-W-210 Module Type compulsory optional module On successful completion of this module, students will be able to: -

deepen their methodological and theoretical knowledge in a specific economic field of their choice, e.g.  Political Economics,  Growth, Distribution, Resource Allocation,  Applied Econometrics,  Topics in Empirical Economics,

Learning Outcomes and Module Content

 Applied Microeconomics; -

analyze complex theoretical relationships or practical problems and autonomously develop solutions drawing on theories or methods;

-

link theoretical and empirical models;

-

autonomously read up on an economic topic and to familiarize with the current state of research;

-

give presentations, discuss the work of others and argument in a profound and sound way;

-

autonomously work on a scientific research question and to document and write up the findings and results.

Method of Assessment (Assessment Type) Self Study (in hours)

portfolio (oral presentation [20 min.] [25%] and academic essay [15-20 pages] [75%][course-oriented] 150 hours

Course Type (Teaching Activities)

Contact hours (hours per week)

Seminar Frequency Language of instruction Prerequisites Module co-ordinator

2

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment -

Course-oriented examination -

summer term or winter term German or English Completion of MA-S-600 or MA-S-700 is recommended. Prof. Dr. Marco Caliendo / Prof. Dr. Lisa Bruttel

16

Module Title Total Credits 6 CP (Credit Points) Advanced Course in Economics II Module Code MA-W-220 Module Type compulsory optional module On successful completion of this module, students will be able to: -

deepen their methodological and theoretical knowledge in a specific economic field of their choice, e.g.  Political Economics,  Growth, Distribution, Resource Allocation,  Applied Econometrics,  Topics in Empirical Economics,

Learning Outcomes and Module Content

 Applied Microeconomics; -

analyze complex theoretical relationships or practical problems and autonomously develop solutions drawing on theories or methods;

-

link theoretical and empirical models;

-

autonomously read up on an economic topic and to familiarize with the current state of research;

-

give presentations, discuss the work of others and argument in a profound and sound way;

-

autonomously work on a scientific research question and to document and write up the findings and results.

Method of Assessment (Assessment Type) Self Study (in hours)

portfolio (oral presentation [20 min.] [25%] and academic essay [15-20 pages] [75%][course-oriented] 150 hours

Course Type (Teaching Activities)

Contact hours (hours per week)

Seminar Frequency Language of instruction Prerequisites Module co-ordinator

2

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment -

Course-oriented examination -

summer term or winter term German or English Completion of MA-S-200 or MA-S-600 is recommended. Prof. Dr. Marco Caliendo / Prof. Dr. Rainald Borck

17

Module Title Total Credits 6 CP (Credit Points) Cross Disciplinary Studies Module Code MA-W-300 Module Type compulsory optional module On successful completion of this module, students will be able to:

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities) Seminar Frequency Language of instruction Prerequisites Module co-ordinator

-

acquire advanced knowledge in fields related to economics;

-

apply the methodological knowledge in economics on questions and problems in related fields;

-

apply methodological knowledge in related fields in questions and problems in economics;

-

give a profound presentation and handle critical questions;

-

discuss with peers from related fields on an advanced level and collaboratively develop solutions drawing on insights from the field of economics.

written examination (max. 120 min.) or report/essay (12-20 pages) or portfolio (oral presentation [20 min.] [25%] and academic essay [15-20 pages] [75%][courseoriented] 150 hours Contact hours (hours per week) 2

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment -

Course-oriented examination -

summer term or winter term German or English Completion of MA-S-200 or MA-S-600 is recommended. Lecturer

18

D. Research Colloquium Module Title Research Colloquium Module Code Module Type

Learning Outcomes and Module Content

Method of Assessment (Assessment Type) Self Study (in hours)

Course Type (Teaching Activities) Seminar Frequency Language of instruction Prerequisites Module co-ordinator

Total Credits 3 CP (Credit Points) MA-F-100 compulsory module On successful completion of this module, students will be able to: -

autonomously work on scientific topics about specific economic questions;

-

develop a research design, to structure their research question and to create a work schedule;

-

present their research proposal in a convincing manner and defend it against critical objections;

-

apply appropriate scientific methods to answer the research question and justify their choice of methods.

oral presentation [20 min.] [pass/fail grading] 150 hours Contact hours (hours per week) 2

Obligatory Coursework (number, form, extent) For completion of the Requirement for admismodule sion to assessment summer term and winter term German or English The module is a thesis preparation course. All professorships in Economics

19

Course-oriented examination -