Master's degree programme in Quantitative Economics (M.Sc.)

The (Research) Master’s degree programme in Quantitative Economics (QE) is organized jointly by the Faculty of Business Administration and Economics and the Center for Mathematical Economics (IMW). Its quantitative analytical approach to economics provides the relevant skills to model and solve economic problems on an abstract level and to transfer the analytic solutions to real world applications. This encourages a flexible and creative approach to complex economic issues like those found typically in the real world.

All courses in the programme are taught entirely in English. Consequently, proof of German language proficiency is not required for admission. Furthermore, graduating with this Research Master’s in Quantitative Economics delivers the necessary qualifications for admission to the Faculty’s Bielefeld Graduate School of Economics and Management (BiGSEM).

Students can choose between two different variants of the Master’s degree programme: The regular programme QE and the Erasmus Mundus programme QEM. Both offer the same contents but the QEM programme includes longer student exchanges at partner universities and enables a double degree.

Regular Programme QE

The Master’s degree programme in Quantitative Economics teaches students quantitative mathematical methods in economics and prepares them to carry out their own independent work at the cutting edge of research. In their first year, students attend obligatory courses delivering the main scientific and technological skills to carry out their own research. The University offers courses in economics that focus on different methods. Students will need to carry out research in their own specific field.

  • Microeconomics
  • Macroeconomics
  • Probability Theory and Statistics
  • Optimization

In their second year, students specialize in their chosen research field by attending in-depth lectures and seminars that will familiarize them with scientific issues and enable them to develop their own ideas on what to specialize in for the research project that will form their Master’s thesis in the fourth semester.

In each semester, students also attend supplement courses. Here, they are free to choose any courses. However, we recommend attending language courses and courses on intercultural competence when planning an exchange visit abroad. For incoming students, taking German language courses is crucial for being fully integrated.

For more information please check the curriculum.

Admission Requirements and Application

Applications for the regular programme are accepted from June through mid of July. Applicants that need a visa are encouraged to apply before June 15. When applying, in addition to completing the online application form, you must supply the following documents in either German or English:

  • Certified copy of a Bachelor’s degree or equivalent
  • Transcripts of records of all previously achieved study results
  • Proficiency in English either verified by a language test (TOEFL or equivalent) or by a qualifying degree from an English-speaking institution
  • Optional: GRE score, letter of application (up to 500 words)

All detailed requirements are given in the application guideline.  

The standard period of study is four semesters (i.e. two years) starting at the beginning of a winter semester (October). Admission to this Master’s degree programme is restricted.

For more information on application deadlines and for the online application form, please go to: http://www.uni-bielefeld.de/application.

Fees and Costs

There are no tuition fees at Universities in North-Rhine Westphalia. Students only have to pay the social fees (please check this website for information on current fees). Paying the fees entitles each student to receive the “Semesterticket”, which allows using public transport free of charge throughout the region, free library access, subsidized meals, etc.. Approximately 700 EUR per month should cover all personal expenses, including mandatory health insurance.

Scholarships can be a great support during your studies and there are numerous institutions that offer scholarships. The types of support and the requirements you need to fulfill differ greatly. For incoming students that seek more information, the IO has collected useful information here.

International Exchange

Students who are interested in spending a semester (or longer) at a European partner university can apply for a regular Erasmus Socrates scholarship. Erasmus agreements have been made with various European partners. A successful application for an Erasmus grant can provide financial support for a student to spend up to 10 months in a foreign country. We advise students to spend their semester abroad during their first year of study.

Contact / Student Counselling

Academic course counselling:
Lasha Chochua
Room: UHG V8-110
Phone: +49 521 106-6883

International student information and counselling:
International Office: io(et)uni-bielefeld.de.

Questions on applications and admissions:
Students’ Office: application(et)uni-bielefeld.de

Further Links

Course information (Formalities, List of modules, etc.)

Electronic course catalogue (eKVV), including Syllabi

Center for Mathematical Economics (IMW)

Erasmus Mundus Programme QEM

Students can choose to apply for the Erasmus Mundus Programme QEM (Models and Methods of Quantitative Economics) and profit particularly from close cooperation with three European universities:

  • Université Paris 1 Panthéon-Sorbonne
  • Universitat Autònoma de Barcelona
  • Università Ca’Foscari Venezia

A standardized curriculum at all partner universities, joint degrees and longer student exchanges at partner universities are only a few characteristics of the renowned programme.

According to the chosen track within the QEM programme each student will stay at least one semester in Bielefeld. Here, the curriculum is equivalent to the regular programme QE (see above). However for the supplement courses German language courses are mandatory: Curriculum.

It is possible for the Master’s thesis to be supervised and assessed by faculty members at two partner universities, thus giving the opportunity to obtain a double degree.

Admission Requirements and Application

For the application to QEM there are two deadlines to be considered: Application for the programme has to be completed in May. To apply for the associated Erasmus Mundus scholarship, students have to turn in their application by January already.

Admission requirements for the QEM programme and current application deadlines are given here. To apply students have to complete the online application form on the QEM website.

Fees and Costs

Programme fees have to be paid each semester. Besides the Erasmus Mundus scholarship there are a variety of possibilities to receive financial support for both the programme and your stay in Bielefeld within the QEM programme:

Contact / Student Counselling

QEM office Bielefeld:
Lasha Chochua
Room: UHG V8-110
Phone: +49 521 106-6883

Further Links

Official QEM website




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