The master’s program Applied Statistics and Econometrics is directed towards students who are interested in the empirical analysis of economic questions. The main objective is to learn how different kinds of data and methods help us informing on economic issues. After successful completion of this program students will be able to assess the reliability of existing empirical studies and, more importantly, will be able to formulate their own economic problem and analyze it empirically using micro- or macroeconometric methods.
Apart from the general obligatory modules for M.Sc. Economics (Advanced Microeconomics, Advanced Macroeconomics, and Econometrics) the following modules need to be chosen for the specialization in Applied Statistics and Econometrics:
- Elements of Statistics and Econometrics: The module aims at providing advanced knowledge in Statistics and Econometrics, which is essential for the understanding of complex statistical and econometrical methods.
- Survey Statistics Module (Imported Subject): Students can select a specialization course out of a wide range of topics (e.g., Introduction to Bayes Statistics, Survey Econometrics, Monte-Carlo Simulation Methods, Statistical Analysis of Incomplete Data, …) to specialize themselves in their area of interest.
As listed in the appendix of the examination regulations (Link), it is generally possible to choose modules with a maximum scope of 20 CP as "additional modules". This means that successfully completed modules are listed on the transcript after graduation, but the grades are not included in the calculation of the overall final grade. The examination office must be informed via e-mail about the participation in an examination as part of such an additional module prior to examination registration via Porta. As soon as the examination office confirms the assignment of the examination as an additional module, participation in this context is possible. Note: Once an examination has been taken in another module, it cannot be subsequently converted into an additional module.
A degree in Economics with a specialization in Applied Statistics and Econometrics offers various job perspectives, in particular in research departments of banks and insurance companies, in government agencies (e.g., statistical offices), or central banks.
The master degree also provides an excellent foundation for subsequent doctoral studies and an academic career at a university or research institution.