MSc Economics

Organisation:: Continuing Education Center - TU Vienna
Ort, Bundesland, Land:: Vienna, Vienna, Österreich
Typ:: Full-time
Certificate:: M.Sc.
Duration:: 4 Semester

Dieses Bildungsangebot auf die Merkliste setzen

Programme

The Master of Science Economics is a joint program of the Vienna University of Technology and the Institute for Advanced Studies (IHS).
The program requires the full-time commitment of students for the entire two years. Graduates are equipped to succeed in an ever more competitive academic environment. The curriculum emphasizes analytical competence, economic intuition and solid empirical work. Students are expected to perform on a level with their peers at top-ranked departments (e.g. Princeton, Stanford, LSE, and UPF).
These goals are achieved by attending a carefully designed sequence of courses and through an overall preparation in subject matter and techniques that goes beyond course work. Work in teams and the acquisition of advanced mathematical skills are the key to a successful completion of the program. Courses will be completed by the end of the second year, with the fourth semester mostly dedicated to independent research leading to the master’s thesis prepared under the direction of a faculty member.

"Many of the most pressing contemporary public policy issues can be addressed by using economic analysis. This ranges from fiscal and monetary policy to deal with business cycle fluctuations to competition policy in a customs union. The skills gained in the MSc will help you confront the questions faced by key policy makers."
Prof. Bernhard Felderer, Director, IHS Vienna

"Through the cooperation of two leading academic institutions and their combined expertise, graduates of the MSc Program Economics are expected to develop qualifications and competences which will enable them to achieve success in an increasingly competetive academic environment."
Prof. Hans Kaiser, Vice Rector for International Affairs, TU Vienna

Target audience

This graduate program is chiefly aimed at students who wish ultimately to receive a PhD and who aspire to research career in economics. After graduation, the participants in the MSc possess a broad knowledge of advanced economics and mathematics, an education that serves as a preparation for admission to leading PhD programs around the world.

Emphases/Curriculum

The MSc Economics Program combines advanced mathematics with economic theory to give students a state-of-the-art education as well as knowledge of recent tools and trends in quantitative economics.

Foundations (Mathematics, Statistics and Probability Theory, Computational Methods, Dynamic Programming)
Microeconomics
Macroeconomics
Econometrics
Electives
Research Group
Master's Thesis

The Transition from Coursework to Research
It is impossible to overemphasize the importance of the successful transition from coursework to research. This master program has the key feature of assisting this transition throughout the second year of the program. Electives help students to narrow down their areas for thesis research and to start interacting with professors about potential of ideas.

Admission/Entrance requirements

Admission Requirements Admitted students must hold an internationally accepted academic first degree. This includes all Austrian academic degrees, such as the Bachelor and Master (Magister) degrees, or the equivalent academic degree from a foreign university. Tuition and Fees The TU Vienna and the IHS do not charge tuition or fees for participation in the MSc Economics. Financial Aid Every year the Austrian National Bank provides a limited number of students in the Program with fellowships to help defer living costs and other expenses while studying at the IHS. Currently, the fellowship amount is approximately EUR 20,000 per student over the two-year program, and most of the students who are admitted to the program receive the fellowship.

Languages
Language(s) of instruction:	English
Going abroad:	not possible

Facts

"Master of Economics“ (MSc) granted by the Vienna University of Technology
Language of Instruction: English
4 semesters, full-time
Application Deadline: April 1, 2010
Academic Director: Prof. Dr. Manfred Deistler (TU Vienna)

Organisation

This MSc is a joint Program of the Vienna University of Technology and the Institute for Advanced Studies (IHS), Vienna.

Vienna University of Technology
Technology for People – Developing Scientific Excellence and Enhancing Comprehensive Competence

The Vienna University of Technology – located in the heart of Europe and Vienna – is the largest Austrian institution in research and education within the areas of technology and natural sciences. Even though the beginnings of TU Vienna reach back as far as 190 years research, teaching, and learning are state-of-the-art. Today the university finds high international and domestic recognition in teaching as well as in research and is a highly esteemed partner of innovation oriented enterprises.

The TU Vienna offers a wide range of possibilities for studying at the university's eight faculties. Profound expertise and the large pool of specialists active at the TU Vienna in teaching, research and as partners in business and commerce, make interaction among disciplines a prerequisite for maintaining the TU Vienna’s position as one of the best on the international scene. The students get a practice-oriented basic knowledge and have the possibility to participate in research programs. Because of this excellent education graduates of the TU Vienna are quickly employed in industry and business right from the university.

Not only in teaching but also in research the TU Vienna is involved in many different fields: from atomic and particle physics over material physicists, surface science, interface and thin-layer research, plasma technology up to the development of modern production technologies, the research of information and communication technologies and business and investment mathematics. The TU Vienna is also providing impetus for the continuing development of equipment using renewable energy resources. Furthermore the research at TU Vienna is an important contribution to the stimulation of the domestic economy. In addition the Continuing Education Center of the TU Vienna offers a broad variety of excellent postgraduate programs, e.g. MBA, MSc, and certified programs.

Institute for Advanced Studies (IHS)

Austria's premier postgraduate research and training institute has combined theoretical and empirical research in economics and other social science disciplines since its founding by Paul F. Lazarsfeld and Oskar Morgenstern in 1963. Through the interaction between scientific theory and practice, IHS provides innovative value-added services to policy makers and business practitioners. Key features are interdisciplinary exchange, a truly international faculty, a commitment to quality and original scholarly output.

The IHS actively and highly successfully assists its graduates in finding suitable placements. Activities are coordinated by the Director of Graduate Studies, with the entire faculty actively involved by making good use of its extensive research network. Graduates of the program typically continue their graduate education at top PhD programs or take on jobs in important think tanks, policy making institutions, or the financial sector.
Recent graduates have continued their education at the following highly regarded PhD programs: Brussels, EUI Florence, Northwestern, LSE, Princeton, Stockholm, Tilburg, Toulouse, and Simon Fraser University. In the last two years three graduates have also been hired as Economists by the Austrian Central Bank and two by local universities. Some of the graduates are now professors at Bogazici, Kellog, Northwestern, LSE, Munich, Princeton, Yale, Zurich, or work in top positions at ECB, EU, IMF, OECD, OPEC, the Worldbank, and central banks around the world.
The current governor of the Austrian National Bank, Prof. Ewald Nowotny, was one of the first students in our program from 1967 - 1969.