KIEL UNIVERSITY Faculty of Business, Economics and Social Sciences

Master’s degree programme

ECONOMICS

- Student handbook including degree programme -

Date: January 15

Department of Economics Christian-Albrechts-Universität zu Kiel D-24098 Kiel Visitor’s address: Wilhelm-Seelig-Platz 1, D-24118 Kiel http://www.wiso.uni-kiel.de

The student handbook will be updated and expanded with more precise information at irregular inter-vals. So please make sure you have the latest version at hand.

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Table of Content Page

A. Department of Economics ...........................................................................................................1

B. General Information ....................................................................................................................2

I. Overview of the degree programme ............................................................................................ 2

II. Programme admission .................................................................................................................. 3

1. Admission requirements .......................................................................................................... 3

2. Enrolment ................................................................................................................................ 4

III. Structure of curriculum and performance requirements ............................................................. 4

IV. Recognition of academic achievements ....................................................................................... 5

C. Master’s Examination ..................................................................................................................5

I. Components of the Master’s examination ................................................................................... 5

1. Structure of the Master’s examination ................................................................................... 5

2. Study-accompanying module examination ............................................................................. 5

a. Date and duration of study-accompanying module examinations .................................... 5

b. Registration for module examination ................................................................................ 6

c. Participation in seminars .................................................................................................. 10

d. Oral examinations at the Institute for Statistics and Econometrics................................. 10

e. Inspection of examinations .............................................................................................. 10

3. Master’s thesis ....................................................................................................................... 10

II. Structure of the Curriculum ........................................................................................................ 12

1. Compulsory section Economics ............................................................................................. 13

2. Compulsory section Econometrics ........................................................................................ 13

3. Optional section in Economics............................................................................................... 13

a. Elective Lecture Modules within the Optional Section in Economics .............................. 13

b. Elective Seminar Modules within the Optional Section in Economics ............................. 14

4. Minor subject ......................................................................................................................... 15

III Programme schedule ...................................................................................................................... 15

IV. Recommended extra-curriculum activities .................................................................................... 16

1. Studying abroad ..................................................................................................................... 16

2. Internships ............................................................................................................................. 16

D. Events calendar ........................................................................................................................... 16

I Short-term planning: Lecture directory ............................................................................................ 16

II Long-term planning .......................................................................................................................... 17

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A. Department of Economics

The Department of Economics is responsible for the planning and coordination of the courses of-fered within the Master’s degree programme in Economics. The corresponding chairs in charge of the Master’s programme are listed below:

Chair of International and Regional Economics (Prof. Dr. Johannes Bröcker)

Chair of International Economics (Prof. Holger Görg, Ph.D.)

Chair of Microeconomics of the Firm (Prof. Aoife Hanley, Ph.D.)

Chair of Economics and Ethics (Prof. James Konow, Ph.D., Jr. Prof. Dr. Menusch Khadjavi)

Chair of Monetary Economics and International Finance (Prof. Dr. Thomas Lux)

Chair of International Finance and Development Economics (Prof. Dr. Lukas Menkhoff)

Chair of Empirical Labor Economics (Prof. Annekatrin Niebuhr)

Chair of Environmental, Resource, and Ecological Economics (Prof. Dr. Martin F. Quaas)

Chair of Microeconomics (Prof. Horst Raff, Ph.D.)

Chair of Environmental and Resource Economics (Prof. Dr. Katrin Rehdanz)

Chair of International Financial Markets (Prof. Dr. Stefan Reitz)

Chair of Innovation, Competition Policy and New Institutional Economics (Prof. Dr. Till Requate)

Chair of Public Economics, Social Policy, and Health Economics (Prof. Dr. Ulrich Schmidt)

Chair of Economic Theory (Prof. Dennis J. Snower, Ph.D.)

Chair of Macroeconomics (Prof. Dr. Hans-Werner Wohltmann)

Chair of Macroeconomics (Jr. Prof. Dr. Maik Wolters)

Furthermore the Department of Economics offers courses realized in cooperation with the following institutes:

Institute for Business Administration

Institute for Quantitative Business and Economics Research

Institute for Statistics and Econometrics

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B. General Information

I. Overview of the degree programme

1. Degree

The Master’s programme in Economics offers a scientifically orientated and research-led education.

The Economics Master’s degree programme is taught in English and designed for four semesters (2

years). Over the course of the Master’s degree programme 120 ECTS credits, including 30 ECTS for

the thesis, have to be achieved. Succeeding in the Master’s examination the student will be granted

the academic title Master of Science (M.Sc.).

Over the course of this consecutive degree programme the students will gain profound economic

and econometric knowledge within the lectures and tutorials of the compulsory sections. Within the

optional section expert knowledge of different economic areas will be conveyed. The graduates’ pro-

fessional profiles are rounded out by a minor subject where they can choose modules of business,

comparative economic sociology, political sciences, agricultural economics, business information sys-

tems, computer sciences or empirical economics.

The degree programme prepares the students for taking over responsible positions in companies,

organizations and higher services as well as for freelance and independent scientific work. The de-

gree also provides the possibility to participate in a PhD programme.

2. Student Advisory Service

For German speaking students the Student Advisory Service offers general information on the master degree programmes: Zentrale Studienberatung Christian-Albrechts-Platz 5 (Anbau Uni-Hochhaus) Office hours: Mon. und Wed.: 9.00 - 11.30 am and 2.00 - 4.00 pm Thu.: 9.00 - 11.30 am Phone office hours: Monday through Thursday 9.00 - 11.30 am Phone: +49 431 880-7440 Postal address: Zentrale Studienberatung der Christian-Albrechts-Universität zu Kiel

24098 Kiel Email: zsb@uv.uni-kiel.de Internet: http://www.zsb.uni-kiel.de/

International students please contact the International Center for general information on the Master’s degree programmes: International Center of Kiel University, 24098 Kiel Visitor’s address: Westring 400, Ground Floor 24118 Kiel Telephone: +49 431-880-3715 Internet: http://www.uni-kiel.de/international/

Questions regarding the examinations:

Examination office Faculty of Business, Economics and Social Sciences:

Frau Schrader 880-3381

Frau Schoer 880-3358

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Office hours: Tuesdays and Thursdays 9.00 am - 11.30 am

Frau Rathmann

Office hours: Tuesdays and Thursdays 9.00 am- 11.30 am 880-7109

(During the semester break the office hours only take place on Tuesdays.)

Internet: http://www.bwl.uni-kiel.de/pruefamt/

Notices: http://www.bwl.uni-kiel.de/pruefamt/master/

Professor Dr. Hans-Werner Wohltmann

Head of the Examination Board

Department of Economics

Wilhelm-Seelig-Platz 1, 3. Floor 880-1446

Office hours: by arrangement

Student guidance of the Department of Economics for the Master’s degree programme in Eco-nomics

Professor Wohltmann (see above) and Sven Offick

Department of Economics

Wilhelm-Seelig-Platz 1, 3. Floor 880-1472

Office hours: by arrangement

Important web pages for Master students:

Examination office of the Faculty of Business, Economics and Social Sciences http://www.bwl.uni-kiel.de/pruefamt/master/

Section "studies“ Faculty of Business, Economics and Social Sciences http://www6.bwl.uni-kiel.de/studium/index.php?Studium

Department of Economics: http://www.wiso-studium.uni-kiel.de/de

Frequently Asked Questions: http://www.wiso-studium.uni-kiel.de/en/frequently-asked-questions?set_language=en

Virtual Central Examination Office for bachelor and master students http://www.pamt.uni-kiel.de/pas/vzp

II. Programme admission

1. Admission requirements

The Master degree programme Economics is consecutive i.e. only students holding a bachelor de-gree in Economics or a comparable university degree will be admitted. Furthermore, the grade 2.5 (German scale) is required for admission. Applicants holding a bachelor degree in Economics from Kiel University with a grade reaching from 2.6 to 3.0 can be admitted if the average grade of the quantitative modules (mathematics, statistics and econometrics) and the economic modules, weighted by the corresponding ECTS-credit points, is at least 2.5.

Applicants holding a bachelor degree in other fields than Economics can be admitted to the Master

programme if he/she disposes of the fundamental knowledge taught in a bachelor’s degree of Eco-

nomic Sciences.

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Applicants that can evidence knowledge of Introduction to Economics, Introduction to Microeconom-

ics, Introduction to Macroeconomics or equivalent knowledge, and furthermore have good basic

knowledge of quantitative methods (Mathematics I+II, Statistics I+II, Introduction to Econometrics)

can be admitted.

Due to the fact that the programme is taught in English the following requirements concerning the

level of language command have to be met:

- Good reading skills (C1 in CEF) in English, evidenced by the school certificate (minimum of 4

years of English at least with grade “satisfactory” (07)) or

- TOEFL-Test 550 (Paper-based Testing) or equivalent test result or

- Bachelor‘s Degree with English as language of instruction.

2. Enrolment

The following regulations apply for the enrolment procedure, please check also the information on

enrolment provided on www.studservice.uni-kiel.de!

Candidates holding a bachelor’s degree in Economics from Kiel University

simply register with their Degree Certificate or Transcript of Records for the Master’s pro-

gramme.

Candidates holding a bachelor’s degree in Economics or a comparable degree from a German Uni-

versity

The same requirements apply, however, the required documents have to be sent until

1st of August (for the winter term)

1st of February (for the summer term)

to the examination office of the Faculty of Business, Economics and Social Sciences.

International applicants please contact:

International Center of Kiel University, 24098 Kiel

Visitor’s address:

Westring 400, Ground Floor

24118 Kiel

Telephone: +49 431-880-3715

Internet: http://www.uni-kiel.de/international/

III. Structure of curriculum and performance requirements

The student’s handbook refers to the following examination regulations:

Degree-specific examination regulations (Fachprüfungsordnung) for students of Master’s degree programme in Quantitative Economics. The German version is available here: http://www.studservice.uni-kiel.de/sta/3.3-033.pdf, English version here: http://www.studservice.uni-kiel.de/sta/3.3-033%20engl..pdf.

All the regulations can be found on the internet below the following link:

http://www.wiso-studium.uni-kiel.de/en/master-studies/masters-degree-programme-in-economics

The Examination Procedure Regulations are the superior statute and are precised by the Degree Spe-

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cific Examination Regulations. The German version are legally binding.

IV. Recognition of academic achievements

Academic achievements passed at German and foreign universities will be recognized if they are equivalent. In order to be recognized the application form along with the original versions as well as copies of certificates or transcripts of records and the respective module descriptions have to be submitted to the examination office. The form can be obtained on the webpages of the examination office below:

http://www.bwl.uni-kiel.de/pruefamt/formulare/pdf/anerkennung_antrag_ma_neu.pdf

C. Master’s Examination

I. Components of the Master’s examination

1. Structure of the Master’s examination

The Master’s degree programme concludes with the Master’s examination consisting of two parts:

study-accompanying module examinations (a total of 90 ECTS credits)

Master’s thesis (30 ECTS credits).

Within the following fields 90 ECTS credits have to be achieved by study-accompanying module ex-

aminations:

Compulsory section in Economics (20 ECTS credits)

Compulsory section in Econometrics (10 ECTS credits)

Optional section in Economics (50 ECTS credits)

Minor subject (10 ECTS credits)

The study-accompanying module examinations are graded. A module examination will be successful-

ly passed if at least grade “sufficient“(4.0) is achieved. Passed examinations cannot be repeated. Ex-

aminations which were not successfully passed can be repeated twice.

If the third trial of an examination is graded „insufficient“ but is a necessary condition for the suc-

cessful completion of the module neither the respective section nor the whole Master’s examination

will be passed.

The examination procedure regulations provide an obligatory student advisory if the standard period

of study is exceeded by 2 semesters without having achieved at least two thirds of the credit points

required for the successful passing of the Master’s examination. Students who have not achieved at

least 80 ECTS credits until the end of their sixth semester therefore will be requested to attend an

obligatory student advisory (§ 16 PVO).

2. Study-accompanying module examination

a. Date and duration of study-accompanying module examinations

An examination has to be passed for each course.

The examination for every lecture including a tutorial usually takes place in the examination period

at the end of the semester.

The dates are announced at the beginning of the semester on the webpages of the examination of-

fice.

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The re-examination for a lecture including a tutorial takes place in the examination period before or

shortly after the beginning of the following semester.

Students having failed the first examination are not obligated to take the re-examination immediate-

ly. However, it is also possible to take the re-examination without having taken the examination at

the end of the foregoing semester.

b. Registration for module examination

The following web page announces the periods for registration and examination of the semester:

http://www.pamt.uni-kiel.de/pas/vzp/downloads/info/

In order to take an examination a registration for this exam is required. A registration is also manda-

tory for taking part in a re-examination. The period for registration begins six weeks before the ex-

amination period begins and ends two weeks before the examinations start (on Sundays 12.00 a.m. if

examinations start on a Monday). You are advised not to register at ultimate date as the examina-

tions office is closed on weekends and cannot offer you any assistance with problems or technical

difficulties on short notice.

You have to register for examinations which take place during the period of examination via the stu-

dents’ online function on the homepage of QIS:

https://qis.zentr-verw.uni-kiel.de/

There is no possibility to take the examination if you are not registered for it.

In order to take the examination you need to bring your ID-card and a current QIS-print giving

information about the registered examinations

An examination will be graded „insufficient“(5,0) if the student fails to appear without valid rea-

son though being registered for the examination or withdraws after the examination has begun.

In order to register for exams you have to enter the link of the QIS homepage given above and log in

with your stu-account number and the corresponding password.Then click on the option Administra-

tion of Exams on the left hand side of the homepage and choose the option Apply for exams.

You will see the German text as shown on the next page which contains requirements and notes for

the examination procedure. The text coincides largely with the shaded areas above such as:

A registration is mandatory in order to take the examination; otherwise you are not al-

lowed to take the examination.

You are advised not to register at ultimate date.

A registration for examinations which do not take place within the regular examination

period can only be realized for the first examination period.

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You are asked to check the information and especially the status on your registered ex-

aminations. If problems with the QIS functions occur please contact the examinations of-

fice.

You have to accept these terms in order to continue your application for the exams. If you follow the

instructions given on the upper part of the homepage you will finally see the following screen:

Behind the information on the date of the exam and the name of the examiner you will find the

green colored option Prüfung anmelden that starts the registration process.

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After choosing the option Prüfung anmelden the system will ask you to confirm the registration:

If after processing the confirmation the status of the registration OK appears you are bindingly regis-

tered for the examination and can continue registering for other exams via the option Weitere

Prüfungen anmelden. In case the status OK does not appear please repeat the process and if the sta-

tus does still not appear as OK contact the examination office.

An overview of the registered examinations can be obtained via Administration of Exams and Info on

exams. Please check if all examinations which you wanted to register for are listed as in the following

table and take the printed version (Drucken) with you to the examination.

The web pages of the virtual examination office give more detailed information (currently only in

German language) about the students’ online function on:

http://www.pamt.uni-kiel.de/pas/vzp/pruefungsverfahren/modulpruefungen/stof/ .

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It is possible to cancel registrations for exams without giving reasons via the students’ online func-

tion until eight days prior to the examination. In order to do so please take the same path as when

registering for examinations and the following screen will appear:

In order to cancel your registration for an examination, choose the red colored option

Prüfungsanmeldung stornieren. Once again the system will request your confirmation:

After a successful processing the following information appears. Please make sure that the status OK

shows up. If any other status appears the system did not cancel your registration!

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Important! During the period of verification of registrations and binding admission

(compare schedule: http://www.pamt.uni-kiel.de/pas/vzp/downloads/info/) the status of the admis-

sion to the registered examinations has to be reviewed via the students’ online function.

c. Participation in seminars

The seminars form part of the optional section in Economics. The seminars are offered on specific topics and can be regarded as advanced courses. For the seminars the regular assistance and an ac-tive participation of the students are required. Furthermore each student has to write a term paper on the topic assigned to him/her and present the content to the class. The participation in these seminars requires the application, the assignment of a vacancy and the registration at the respective chair. The period for registration usually is at the end of the lecture-period of the foregoing semes-ter. The seminars are announced in the UnivIS and on the webpages of the chairs at the end of the semesters. Accepting the assignment in the seminar the student commits himself to the participa-tion. Otherwise the examination will be graded “insufficient” (5,0).

Additionally to the application at the chair, students need to register in the QIS for each seminar they

are taking in the following registration period (as explained above for lecture modules) in order that

the examiner will enter the grade.

d. Oral examinations at the Institute for Statistics and Econometrics

The registration for the oral exams of the Institute for Statistics and Econometrics takes place during the official period of registration, however students and examiners agree individually upon the exact dates for the examination. Usually, they take place after the period of examination.

e. Inspection of examinations

The results of the examinations can be reviewed via the students’ online function. You are asked to

abstain from inquiries at the chair or the examination office since it might delay the correction of the

exams.

Exams can be reviewed at the respective chairs after correction has been finished. The results of the

exam can be accessed in the student’s account of the QIS-system. Dates for revision frequently are

announced jointly with the results of the exam. Usually, exams are stored at the chairs, in single cas-

es chairs also hand out exams against receipt.

According to § 25 (1) PVO students can object in written form to the results of their examinations

within one month after the announcement. The mandatory opposition periods also are announced

on the schedule “Terminübersicht”:

(http://www.pamt.uni-kiel.de/pas/vzp/Terminplanordner/aktuelleterminplaene)

3. Master’s thesis

The registration for the Master’s thesis is possible consecutively in summer or winter terms. The

form for the application for the admission to the Master’s thesis is accessible at the homepage of the

examination office below “Formular Centre”.

Before registering to the Master’s thesis please agree upon the topic of your thesis with your chosen

first examiner. Usually, the first examiner suggests the second examiner. Please inquire about topic

proposals of the corresponding chair and the available examiners.

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The agreed topic has to be registered on the application for admission. The completed and signed

form has to be submitted to the examination office within a time limit of 3 weeks (starting at the

date of signature by the first examiner). For the registration please come to the office hours of the

examination office in person.

The topic may only be issued if the applicant has attained at least 60 credit points from modules

which have already been completed.

The examination office checks the requirements for admission and determines the deadline, which is

noted on the application form. After the form has been signed by Professor Wohltmann, the Head of

the Examination Board, you will receive a copy by mail.

If, after having registered for the Master’s thesis, it is decided that the topic is not feasible, it is pos-

sible to withdraw the topic one time within two months. In this case the Master’s thesis is deemed

“not started”.

The time frame for the master’s thesis is six months after the topic has been issued. If you need this

deadline to be extended due to illness or another valid reason, you must immediately inform the ex-

amination office in writing and provide evidence such as a medical certificate. The corresponding

form can be found in the “Formular Center” (form centre) on the website of the examination office.

A Master’s thesis information leaflet specifying further regulations is available at the examination of-

fice and below the link on the homepage of the examinations office:

http://www.bwl.uni-kiel.de/pruefamt/master/pdf/merkblatt_master_arbeit_aug13.pdf

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II. Structure of the Curriculum

Section Module Assignment

mode SWS LP module LP section

Co

mp

uls

ory

sec

tio

n

Economics

Advanced Microeconomics K 4V + 2Ü 10

20 Advanced Macroeconomics I K 2V + 1Ü 5

Advanced Macroeconomics II K 2V + 1Ü 5

Econometrics Econometrics I K 2V + 2Ü 5

10 Econometrics II K 2V + 1Ü 5

Op

tio

nal

sec

tio

n

Economics

Lecture module K / MP 2V + Ü 5

50

Lecture module K / MP 2V + Ü 5

Lecture module K / MP 2V + Ü 5

Lecture module K / MP 2V + Ü 5

Lecture module K / MP 2V + Ü 5

Lecture module K / MP 2V + Ü 5

Lecture module K / MP 2V + Ü 5

Seminar module S 2 S 5

Seminar module S 2 S 5

Seminar module S 2 S 5

Minor subject* Varies for the different minor subjects. 10

Master Thesis 30

120

Explanations: K: written examination, MP: oral examination, S: essay and presentation SWS: "Semesterwochenstunden" = weekly 45-minute teaching for the duration of one semester of about 12 teaching weeks. Types: V = lecture, Ü = tutorial, S = seminar LP: ECTS credit points * imported modules from other faculties (English as language of instruction can only be guaranteed in the minor Empirical Economics)

During the Master’s degree programme of Economics module examinations in the following sections

have to be passed:

1. Compulsory section in Economics,

2. Compulsory section in Econometrics

3. Optional Section in Economics

a. Seven Elective Lecture Modules within the Optional Section in Economics

b. Three Elective Seminar Modules within the Optional Section in Economics

4. Minor subject

Additionally, the Master’s thesis counts for 30 ECTS credit points.

More detailed information on the modules and their contents can be found in the module manual of

the M.Sc. degree programmes Economics, Environmental and Resource Economics, Quantitative

Economics, and Quantitative Finance: http://www.wiso-studium.uni-kiel.de/de/download-po-

2014/modulhandbuecher/module-manual-economics-master-programmes or in the appendix of the

degree specific examination regulations http://www.studservice.uni-kiel.de/sta/3.3-033.pdf.

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1. Compulsory section Economics

VWL-AdvMacI Advanced Macroeconomics I compulsory VWL-AdvMacII Advanced Macroeconomics II compulsory VWL-AdvMic Advanced Microeconomics compulsory

2. Compulsory section Econometrics

VWL-EcoI Econometrics I compulsory VWL-EcoII Econometrics II compulsory

3. Optional section in Economics

The Optional section in Economics is completed with seven Lecture Modules (35 LP) and three Semi-nar Modules (15 LP) in Economics. Up to 3 lecture modules can be replaced by modules in Applied Empirical Methods, Advanced Statistics or Econometrics.

a. Elective Lecture Modules within the Optional Section in Economics

Within the optional section in Economics seven lecture modules have to be chosen.

VWL-IntEc-AdTrI Advanced Trade I elective VWL-IntEc-AdTrII Advanced Trade II elective VWL-MaGr-AME Applied Monetary Economics elective VWL-ApMi-BN Behavioral and Neuroeconomics elective VWL-EnRe-CliEn Climate and Energy Policy elective VWL-ApMi-CGE Computable General Equilibrium Analysis elective VWL-MaGr-EcGr Economic Growth elective VWL-ApMi-EcE Economics and Ethics elective VWL-PuEc-ChG Economics of Charitable Giving elective VWL-PuEc-EcRU Economics of Risk and Uncertainty elective VWL-EnRe-EnEc Environmental Economics elective VWL-EnRe-EnVa Environmental Valuation elective VWL-ApMi-ExE Experimental Economics elective VWL- FinEc-DeFin Finance and Development elective VWL-FinEc-FEM Foreign Exchange Markets – Theory and Empirics elective VWL-PuEc-HeEc Health Economics elective VWL-ApMi-IO Industrial Organization elective VWL-ApMi-IE Innovation Economics elective VWL-PuEc-IPF International and Public Finance elective VWL-FinEc-IFM International Financial Markets elective VWL-MaGr-IMP International Monetary Policy elective VWL-MaGr-MaDy Macroeconomic Dynamics and Optimal Monetary Pol. elective VWL-PuEc-MeIn Measuring Inequality elective VWL-IntEc-MuEnt Multinational Enterprises elective VWL-ApMi-NIE New Institutional Economics elective VWL-FinEc-PDM Pricing in Derivative Markets elective VWL-PuEc-PuEc Public Economics elective VWL-EnRe-ReEc Resource Economics elective VWL-SpEc-SpEc Spatial Economics elective VWL-EnRe-DiJu Theories of Distributive Justice elective VWL-FinEc-TFM Theory of Financial Markets elective Following courses are offered less frequently, but can be chosen as well:

VWL-ApMi-Adv Advanced Topics in Applied Microeconomics elective

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VWL-EnRe-Adv Advanced Topics in Environmental and Resource Econ. elective VWL-FinEc-Adv Advanced Topics in Financial Economics elective VWL-IntEc-Adv Advanced Topics in International Economics elective VWL-MaGr-Adv Advanced Topics in Macroeconomics and Growth elective VWL-PuEc-Adv Advanced Topics in Public Economics elective VWL-SpEc-Adv Advanced Topics in Spatial Economics elective

As mentioned above, up to 15 ECTS credits of the 35 credits in lecture modules can be obtained from modules in Applied Empirical Methods, Advanced Statistics or Econometrics. Upon registra-tion for exams, specify whether you wish your credits to be recognized in the optional section or in the minor subject.

VWL-AdvStatI Advanced Statistics I elective VWL-AdvStatII Advanced Statistics II elective VWL-AdvStatIII Advanced Statistics III elective VWL-FinEc-AEFE Applied Econometrics of Foreign Exchange Markets elective VWL-AEM-ATSA Applied Time Series Analysis elective VWL-EcoIII Econometrics III elective VWL-AEM-EcFin Econometrics for Financial Markets elective VWL-AEM-Lab Labor Economics elective VWL-AEM-Mac Macroeconometrics elective VWL-AEM-Mic Microeconometrics elective VWL-AEM-MuMe Multivariate Methods elective VWL-AEM-MTSA Multivariate Time Series Analysis and Forecasting elective VWL-AEM-NRM Nonlinear Regression Models elective VWL-AEM-NTSPA Nonstationary Time Series and Panel Analysis elective VWL-AEM-PanE Panel Econometrics elective VWL-AEM-PortA Portfolio Analysis elective VWL-AEM-PrReg Predictive Regressions with Nonstationary Regressors elective VWL-SpEc-SpEco Spatial Econometrics elective VWL-AEM-StatFin Statistics for Financial Markets elective VWL-AEM-TSA Time Series Analysis in Data-Rich-Environments elective VWL-AEM-UTSA Univariate Time Series Analysis elective VWL-AEM-SemEco Seminar Econometrics elective VWL-AEM-SemStat Seminar Statistic elective

b. Elective Seminar Modules within the Optional Section in Economics

15 LP have to be obtained in seminar modules.

VWL-ApMi-Sem Seminar in Applied Microeconomics elective VWL-EnRe-Sem Seminar in Environmental and Resource Economics elective VWL-FinEc-Sem Seminar in Financial Economics elective VWL-IntEc-Sem Seminar in International Economics elective VWL-MaGr-Sem Seminar in Macroeconomics and Growth elective VWL-PuEc-Sem Seminar in Public Economics elective VWL-SpEc-Sem Seminar in Spatial Economics elective

It’s recommended to choose a seminar module that is based on a previously visited lecture module.

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4. Minor subject

Possible minor subjects for the degree programme in Economics

Business

Comparative Economic Sociology

Political Sciences

Agricultural Economics

Business Information Systems

Computer Sciences

Empirical Economics

Minor subject Business: In the SBWL “Entrepreneurship”, “Controlling” and “Finanzwirtschaft”

knowledge of the respective Bachelor’s lectures (“Grundlagen des Entrepreneurship”, “Controlling”,

Finanzwirtschaft II”) is required.

The option to change the minor subject exists as long as not all of the required 10 ECTS credits have

been achieved. If more than 10 ECTS credits are achieved in the minor subject the grade is calculated

over the whole amount. However, this grade only enters into the subject grade with weight 10/120.

More detailed information is given in the module manuals (http://www.wiso-studium.uni-

kiel.de/de/download-po-2014/modulhandbuecher/module-manual-economics-master-

programmes) and the webpages of the departments and faculties. An overview of the modules’

structure can also be found in the appendix of the degree specific examination regulations

(http://www.studservice.uni-kiel.de/sta/3.3-033.pdf).

Currently Empirical Economics is the only minor subject where English as language of instruction can

be guaranteed. Within the other minor subjects students and lecturers can agree upon English as

language of instruction in individual cases.

III Programme schedule

The following Programme schedule is recommended but not mandatory and can be adapted to the

offered courses:

1st Sem

Advanced Microeconomics Advanced

Macroecon. I

Advanced

Macroecon. II

Lecture

Module

in

Economics

Econometrics I

2nd Sem

Lecture

Module

Lecture

Module

Lecture

Module

Seminar

Module Econometrics II

Minor Subject

3rd Sem

Lecture

Module

Lecture

Module

Lecture

Module

Seminar

Module

Seminar

Module

4th Sem

Master Thesis

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IV. Recommended extra-curriculum activities

1. Studying abroad

The faculty welcomes and promotes studying at foreign universities especially within the Erasmus

exchange programmes. More detailed information on these programmes can be obtained on the in-

ternet below http://www.vwl.uni-kiel.de/de/auslandssemester-vwl.

The third semester is highly recommended for planning a semester abroad. Students intending to go

abroad are advised to consult the corresponding chairs of Kiel University or the local coordinator of

the Erasmus programme when planning courses at the foreign university. They are strongly recom-

mended to do so in time before departing from Kiel in order to assure the recognition of the

achieved examinations later on.

Responsible for the recognition of examinations taken at foreign universities is the chair of the Exam-

ination Committee, Prof. Dr. Hans-Werner Wohltmann. Below the following link the form for the

recognition of examinations can be obtained:

http://www.bwl.uni-kiel.de/pruefamt/formulare/pdf/anerkennung_antrag_ma_neu.pdf

For the recognition the completed form along with the following documents have to be presented at

the examination office: transcript of records, information on the course (table of contents, recom-

mended literature, and method of examination) as well as a grading scheme for converting the for-

eign grades into the grade system of Kiel University

2. Internships

Internships especially abroad are strongly recommended before or during the studies. Students should choose internships that provide an insight into the tasks of economists, convey economic knowledge or prepare for professional life. Your studies and especially your motivation for your studies can gain substantially from this kind of work experience.

D. Events calendar

I Short-term planning: Lecture directory

The lecture directory informing about the scheduled courses for the upcoming semester is an-

nounced during the ongoing semester. It can be accessed on the webpage (UnivIS) of the university

below www.univis.uni-kiel.de. In order to see which courses are offered in the compulsory section of

Economics please take the following path:

Lecture directory >> Wirtschafts-und Sozialwissenschaftliche Fakultät >>Masterstudiengänge

>>Pflichtteil Volkswirtschaftslehre

If you are interested in the courses offered in the optional section of Economics:

Lecture directory >> Wirtschafts-und Sozialwissenschaftliche Fakultät >> Masterstudiengänge >>

Spezialisierungsbereich Volkswirtschaftslehre

If you chose Empirical Economics as optional module or minor subject please enter the sections

Quantitativer Pflichtbereich or Quantitativer Spezialisierungsbereich to obtain information the of-

17

fered courses.

The locations where the lectures and tutorials take place are given by abbreviations of the street

names and numbers. A list of the abbreviations can be accessed below:

http://www.uni-kiel.de/univis-kiel-misc/raumkurzbez.html

II Long-term planning The long-term events calendar provides an outlook on courses offered for the optional section Eco-nomics in future semesters. Please note that the given information is without commitment and can change on short notice! The outlook can be found below: http://www.wiso-studium.uni-kiel.de/de/download/langfristige-veranstaltungsplanung-vwl