Economic Policy (MSc)

Programme Overview

The Master's degree in Economic Policy at the University of Siegen offers a comprehensive understanding of economics and its applications in policy-making. This programme emphasizes critical analytical skills and equips students with the ability to assess the effects of economic decisions on society. Throughout this four-semester course, students work on real-world problems, gaining insights into international economic policies, labor markets, and institutional frameworks.

German Master’s degrees typically follow a structured approach, with ECTS (European Credit Transfer and Accumulation System) credits awarded for each module completed. Students at the University of Siegen engage in a variety of modules designed to foster both theoretical understanding and practical applications. This includes collaborative projects, case studies, and an internship or practical semester that allows students to work directly with industry partners or governmental organizations, gaining firsthand experience in the field of economic policy.

During their studies, students gain essential skills such as quantitative analysis, critical thinking, and effective communication. These competencies are crucial for tackling contemporary economic challenges and are highly valued in the German labor market. The programme is especially well-suited for individuals who possess a keen interest in economics and a desire to impact policy decisions, whether they come from a background in economics or are looking to shift their career in this direction.

Career Outcomes

• Policy Analyst - Assessing and developing economic policies for governments or NGOs.
• Economic Consultant - Advising businesses on economic trends and strategies.
• International Trade Specialist - Working with export and import regulations, shaping trade agreements.
• Researcher - Conducting studies in academic or corporate settings related to economic policies.

Industries that typically hire graduates include government agencies, think tanks, multinational corporations, and non-profit organizations. The German economy, particularly its 'Mittelstand' (small to medium enterprises), values the insights and skills that graduates bring, especially with the added benefit of an 18-month post-study job-seeking permit which allows students to explore employment opportunities in Germany while integrating into the job market.