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.
Academic admission requirements
The basic entry requirement for the Master's programme in Quantitative Economics is the completion of a Bachelor's programme in economics with a grade of at least "good". Candidates who did not complete their Bachelor's in economics at LMU can be admitted as long as a selection committee can establish that their qualification, in terms of content and method, is equivalent to this degree. Also a GRE (Graduate Record Examination) 75th percentile score (quantitative reasoning section) is required. If there is no GRE result by the application deadline, a written test of admission has to be taken at LMU. Once the formal requirements are met, students are invited to a selection interview to test their subject-specific proficiency, their capability of expressing their understanding of economic issues, and their command of the English language.
Language requirements
Evidence of excellent knowledge of English is required. This can be proven either by a university degree at an English-language institution of higher education or in an English-instructed programme, a university entrance qualification acquired at an English-language institution, the results of the verbal section of the GRE general test (75th percentile or higher), or other proof of proficiency in English (at least level C1 of the Common European Framework of Reference).
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.
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.
Academic admission requirements
The basic entry requirement for the Master's programme in Quantitative Economics is the completion of a Bachelor's programme in economics with a grade of at least "good". Candidates who did not complete their Bachelor's in economics at LMU can be admitted as long as a selection committee can establish that their qualification, in terms of content and method, is equivalent to this degree. Also a GRE (Graduate Record Examination) 75th percentile score (quantitative reasoning section) is required. If there is no GRE result by the application deadline, a written test of admission has to be taken at LMU. Once the formal requirements are met, students are invited to a selection interview to test their subject-specific proficiency, their capability of expressing their understanding of economic issues, and their command of the English language.
Language requirements
Evidence of excellent knowledge of English is required. This can be proven either by a university degree at an English-language institution of higher education or in an English-instructed programme, a university entrance qualification acquired at an English-language institution, the results of the verbal section of the GRE general test (75th percentile or higher), or other proof of proficiency in English (at least level C1 of the Common European Framework of Reference).
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.
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