International Programmes 2023/2024

Economics – Master of Science Economics – MSc

University of Cologne • Köln

Master of Science
Teaching language
  • English

The programme can be completed entirely in English.

Full-time / part-time
  • full-time
Mode of study
Less than 50% online
Programme duration
4 semesters
Winter semester
Application deadline

15 June for the next winter semester

Tuition fees per semester in EUR
Combined Master's degree / PhD programme
Joint degree / double degree programme

The Master's in Economics at the University of Cologne offers a research-oriented study programme with courses from a wide range of economic areas. As a student, you are largely free to choose the subjects you intend to concentrate on, and you can opt to focus on different areas within and between fields. The main topics are:

  • Market Design and Behaviour
  • Markets and Economic Policy
  • Empirical Methods and Data Analysis
  • Energy and Climate Change

The empirical and analytical focus of the programme enables you to analyse economic phenomena using state-of-the-art research methods and to carry out research projects. Upon graduating from the programme, you will be prepared to enter a professional career in many private and public institutions in need of economic expertise. You may also opt for the continuation of your studies through a PhD programme in economic research.

The majority of the MSc Economics programme is internationally oriented in both content and style. It provides an international study environment in Germany, with a high proportion of international students from diverse backgrounds enrolling into the programme. Furthermore, many members of our faculty have an international background, either coming from or having been trained abroad.

Course organisation

The Master’s programme carries 120 ECTS credits and compromises a Core Section, a Specialisation Section, Supplementary Sections and the Master's thesis. It equips you with knowledge of the theoretical foundations and methods and the ability to conduct applied and theoretical economic analyses. Apart from the Core Section, you will be able to flexibly choose your course curriculum largely following your individual preferences.

The Core Section of the programme contains 24 credit points (four courses) and will introduce you to the central methods and insights of the main areas of modern economics: econometrics and statistics, macroeconomics and microeconomics.

In the Specialisation Section, you will choose courses from the main areas that reflect your substantive orientation in which you want to proceed with your studies.

In the specialisation on Empirical Methods and Data Analysis, your focus will be on the tools of empirical analysis. In Markets and Economic Policy, your focus will primarily be on issues of public policy and the functioning of markets from a macroeconomic perspective. In Market Design and Behaviour, you will focus on the microeconomic working of specific markets and how they should be regulated and the behaviour of individuals in them.

The Supplementary Section in Economics offers both specialisation and generalisation. A particular concentration on energy markets and climate economics is possible in our specialised field in Energy and Climate Change, which builds on and deepens methods and insights from various areas of the specialisation section. You may also acquire particular skills of our interest by choosing further courses from any of the fields in the specialisation section. You can also complement and deepen your studies with courses from our Master in Economic Research programme.

The Supplementary Section in Management and Social Science allows you venture into other fields within the faculty, for example, complementing the study of labour markets with courses in "Personnel Economics" and deepening your understanding of public policy with expertise from political science or your understanding of human behaviour in sociology.

With the Master’s thesis, you will show your ability to apply the skills you have acquired throughout the programme and conduct your very own research with an aim to contribute to scientific knowledge.

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A Diploma supplement will be issued
International elements
  • Specialist literature in other languages
  • Language training provided
  • Study trips
  • Courses are led with foreign partners
  • Projects with partners in Germany and abroad
  • International comparisons and thematic reference to the international context
Course-specific, integrated German language courses
Course-specific, integrated English language courses
Pace of course
Mixed (e.g. fixed exam dates and duration, study content can be studied at any time)
Phase(s) of attendance in Germany (applies to the entire programme)
Yes, compulsory
Types of online learning elements
  • Access to databases with study material
  • Discussion forums and / or groups
  • MOOC (Massive Open Online Course)
  • Online sessions
  • Online study material provided by institution
  • Online tutorials
  • Other
Tuition fees per semester in EUR
Semester contribution

The semester contribution amounts to approx. 320 EUR per semester. The fee includes a semester ticket that covers public transport in the entire federal state of North Rhine-Westphalia.

Funding opportunities within the university
Description of the above-mentioned funding opportunities within the university

Scholarships and further financing options

Academic admission requirements
  • Overall grade of at least 2.7 (German grading system) in the Bachelor’s degree


  • at least 18 ECTS in the field of economics
  • at least 48 ECTS in further economics and/or in the fields of business administration and/or social sciences
  • at least 15 ECTS in the fields of statistics and/or mathematics (methodological expertise only, no user expertise)


  • at least 40 ECTS in mathematics

Please find full information and requirement here.

Language requirements

English language skills at level B2

Application deadline

15 June for the next winter semester

Submit application to


Accommodation is available through the student union ("Kölner Studierendenwerk") or on the private housing market. Rent for a single room in a student hall of residence is approx. 200-300 EUR. Rent for a single room on the private housing market is approx. 400 EUR.

Career advisory service

WiSo Career Services

Support for international students and doctoral candidates
  • Buddy programme
  • Tutors
  • Specialist counselling
General services and support for international students and doctoral candidates

WiSo Student Services

University of Cologne

University location

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