The specialized Master in International and Monetary Economics program is worth 90 credit points under the European Credit Transfer System (ECTS) with a standard period of study of three semesters. With part-time study, the Master's program will, accordingly, take longer.
The curriculum encompasses introduction, core and areas of specialization courses, and a Master's thesis.
Introduction Module: Advanced Topics in Economics
The complete introduction module is worth 18 ECTS. The aim is to bring all the students up to the same standard. It therefore has a broad base and includes the basic elements of studying Economics at Master's level (microeconomics, macroeconomics, and econometrics). The courses in this module are offered in parallel at both universities within the framework of their normal Master's program.
Core Module: Core Areas in Monetary Economics
Students have to obtain 24 ECTS in the core module. The courses cover the key themes of the program in terms of content. The module also includes a seminar as part of which the students write and present a seminar paper (6 ECTS).
Specialization Module: Areas of Specialization in International and Monetary Economics
Students can obtain 18 ECTS in the specialization module. In this module, they can choose from a wide selection of Master's courses at the two faculties involved that are suitable for further specialization. The aim of the specialization module is to give students the opportunitiy to build up a personal profile according to their interests or the career they hope to pursue. Students can specialize in financial markets and prudential regulation, quantitative macroeconomics, and international trade.
The Master's thesis is worth 30 credit points. It therefore requires 900 hours of work, which equates to 20 weeks of full-time work. High standards are set for its originality and for the intensity of the research required.