Master Quantitative Economics
The first step toward a doctorate
Are you thinking of doing a doctorate in Economics? If so, why not do it in steps? LMU now offers a Master’s course in Economics that is specifically designed to prepare students to undertake a doctoral degree in the subject.
The new Master’s course offered by the Faculty of Economics at LMU leads to the degree of Master in Quantitative Economics. But this course is different from most Masters’ programs. It is explicitly designed to lead on a doctoral thesis. “Our current Master in Economics program will continue to play an important role,” says Professor Florian Englmaier, who holds the Chair of Organizational Economics, “but realized that students who enroll in it have very different expectations. The new Master’s course in Quantitative Economics is intended to cater more effectively for this diversity of interests. In other words, the goal is to provide a clearer structure for postgraduate education in the Faculty of Economics.”
The new Master’s program, which will be taught in English, is primarily oriented toward methodologies, whereas the classical Master of Economics focuses more specifically on their practical application. The emphasis on methods is a hallmark of the Anglo-American approach to the teaching of Economics, and the Faculty hopes that the new program will prove to be attractive for international students.
Providing the basis for research in economics
In order to more effectively equip participants in the course with the methodological tools necessary for economic research, each student must carry out an independent project as an integral component of the program. “In the course of their projects, students will expected to get their hands dirty,” says Englmaier, i.e. the idea is that the students should learn the skills and tools needed for economic research by choosing a specific research problem, and locating, collating and analyzing the relevant data required to solve it. “That is an ideal way to prepare oneself to write a Master’s thesis, and later a doctoral dissertation.”