Firms, consumers and governments have to act in complex environments which include strategic interaction with other agents. Furthermore, information may be asymmetric and incomplete, increasing the complexity of any decision making process. This program merges advanced economics and management science and teaches students how to solve such complex decision problems.
Students will learn how to apply advanced methods of game theory in order to understand the implications of strategic interaction among several agents. This means that each agent needs to take into account that her decision will noticeably affect the outcome of decisions made by all other agents. Moreover, they will learn how to implement instruments of managerial accounting that serve as an informational basis for successful business strategies. A further part of the curriculum is formed by personnel economics that helps improve the incentive structure for managers and workers within a firm.
Knowledge taught in this program is of great importance in several areas of society. Examples are large firms that face oligopolistic competition when selling their products, or the design of incentive structures ensuring that managers and workers behave in the interest of firm owners, or society at large. They also include decision making in economic policy, where governments need to understand firm behavior in complex environments, or where policy makers are themselves engaged in strategic interaction. This may also involve decision making under incomplete and asymmetric information, either between different branches of government or between governments in an international setting.
Curriculum
The M.Sc. in Managerial Economics is designed as a 3-semester program, taught in modules according to the European Credit Transfer System. Successful completion requires students to achieve a total of 90 ECTS credits. The curriculum includes both courses in economics and courses in management science. Mandatory courses teach the essentials of managerial economics, while field courses allow students to specialize according to their special interests and abilities. Some of the courses are taught in English. Successful completion of the program also requires writing a master thesis, earning 24 ECTS credits and written in the third and final term.
Career
Professional career
Graduates from our M.Sc. in Managerial Economics have excellent career prospects, both in the private sector and in governmental and international institutions. They will be attractive candidates for all positions that require strategic thinking and analytical skills to solve complex decision problems. The skills acquired are flexible and relevant for a broad range of activities, including human resource ma¬nagement and leadership positions in industrial enterprises, consulting agencies, banks and insurance companies.
Ph. D. track
Graduates will also find themselves well-positioned for an academic career. Therefor, you may complete this program on a Ph. D. track. This effectively puts you on a fast track to a doctoral degree (or Ph. D.) in Economics.
If you are interested in continuing your education with an economics Ph.D., you may complete your Tübingen Master on a Ph.D. track. Completing this track requires you to take both of the econometrics courses, Advanced Time Series Analysis and Advanced Microeconometrics.
In addition, completing the Ph.D. track requires that you obtain 27 ECTS credits from field courses, explicitly designated for this track, that take students to the frontier of academic research. Furthermore, Ph.D. track students fulfill the Master thesis requirement by writing an academic paper that may serve as a first step towards their Ph.D. thesis.
Having completed a Master program on a Ph. D. track effectively puts you on a fast track to a doctoral or degree (or Ph.D.) in economics.
Admission
Admission to the Bachelor of Science in Managerial economics requires a Bachelor’s degree in Economics or Business Administration with excellent grades, preferably a degree that amounts to 210 ECTS credits. Applicants are expected to have solid intermediate level knowledge in quantitative methods of economics and microeconomic theory. In addition, applicants must be fluent in both English and German. Students entering with a 3-year Bachelor’s degree (amounting to 180 ECTS) are required to earn 30 additional ECTS credits (adding a fourth semester) in order to obtain a Master’s degree. Admission is subject to a competitive selection procedure that includes individual interviews with faculty members.
The program is tuition-free.
Dates
Admission is subject to a competitive selection procedure that includes individual interviews with faculty members. Shortlisted candidates from overseas will be interviewed in a video conference.
Application deadline: May 15, 2012
Interviews with shortlisted applicants are scheduled early June.
Letters of admission will be sent out by the end of June.
The program starts at the beginning of October.
Application details are published on our website >
Contact
Do not hesitate to contact us with your questions:
master@wiwi.uni-tuebingen.de
For further information visit the website.
To website >
The Tübingen School of Business and Economics
The School of Business and Economics at the University of Tübingen is dedicated to high-level academic education in both Business Administration and Economics. We offer three Bachelor of Science programs and eight different Master of Science programs, all of which mirror the widely respected academic expertise of the faculty, allowing students to specialize in areas with promising career prospects. The School has about 60 academic staff, among them 20 full professors, generating a very active research environment. Our academic staff keep close contact with the international scientific community, regularly presenting their research on international conferences. Students benefit from courses taught at the frontier of academic research. They learn in small groups, with close contact to instructors. Former graduates of the School have won prestigious scholarships overseas and have been accepted for top Ph. D. programs. We run both an internal and an external research seminar, hosting visitors from all over the world.
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