Quantitative Economics MA
Ludwig Maximilian University of Munich (LMU), Germany
Master of Science in Quantitative Economics
Ludwig Maximilian University of Munich (LMU)
Quantitative Economics
Program Overview: M.Sc. Quantitative Economics at LMU Munich
The Master in Quantitative Economics (MQE) at LMU Munich offers research-oriented training that prepares students for research-focused positions as professional economists or entry into top PhD programs worldwide. Its setup is comparable to the first two years of leading PhD programs in the US and the UK, providing students with the most advanced tools and methods in quantitative economics.
The program combines demanding courses in the core fields of economics — microeconomics, macroeconomics, and econometrics — with a strong focus on advanced mathematical and statistical methods. Students work on joint or independent research projects in their third semester, enabling early specialization and the production of original research in their master's theses.
Each MQE student is assigned both a core faculty mentor and a postdoctoral mentor, tailored to the student's research interest. This intensive supervision concept, combined with access to PhD-level teaching and guest lectures, ensures an academically rigorous and personally supported learning experience in one of Europe's premier research universities.
Key Program Highlights
- Research-oriented training comparable to top US and UK PhD programs
- Dual mentorship system with core faculty and postdoctoral advisors
- Early research specialization through independent projects in the third semester
- Research assistant positions offered to all admitted students
Curriculum and Modules
The MQE curriculum is divided into compulsory modules (CM) and elective modules (EM), covering 120 ECTS over four semesters. The first year provides rigorous training in core economic theory and quantitative methods, while the second year focuses on specialization, independent research, and the master's thesis.
Mathematics for Economists
6 ECTSAn intensive pre-teaching course covering the advanced mathematical foundations required for graduate-level economics, held as a full-day program over two weeks at the start of the first semester.
Microeconomics: Consumer and Decision Theory
6 ECTSProvides rigorous training in consumer theory, decision-making under uncertainty, and the mathematical frameworks underpinning modern microeconomic analysis.
Macroeconomics: Growth Theory
6 ECTSCovers foundational and advanced models of economic growth, including neoclassical and endogenous growth theory, with emphasis on quantitative methods and empirical applications.
Econometrics: Regression Analysis and Identification
12 ECTSA two-part compulsory sequence covering advanced regression analysis and causal identification strategies, equipping students with cutting-edge empirical tools used in modern economic research.
Microeconomics: Game Theory and Information Economics
6 ECTSExplores strategic interaction, mechanism design, and information asymmetries, providing the theoretical toolkit for analyzing markets, contracts, and institutions.
Master Thesis
30 ECTSA substantial independent research project completed in the fourth semester, demonstrating the student's ability to produce original scholarly work in a chosen field of quantitative economics.
Elective Specialization Fields
Admission Requirements
The MQE is a highly selective program designed for exceptionally talented students with strong quantitative backgrounds. Applicants should demonstrate excellent academic achievement and a solid foundation in economics and mathematical methods. All applications are processed through Uni4Edu.
Academic Requirements
- Undergraduate DegreeBachelor's degree in Economics or a closely related field with at least 180 ECTS credits
- Academic PerformanceA grade of at least 'good' (or equivalent) in your undergraduate studies
- Quantitative PreparationExcellent knowledge in microeconomics, macroeconomics, statistics, empirical research, and especially Econometrics I and II at an advanced Bachelor's level
- GRE Score75th percentile or above on the GRE Quantitative Reasoning section (or pass a written test of admission at LMU)
- Minimum CompletionAt least 75% of Bachelor's curriculum completed at the time of application (e.g. 135 ECTS for a 180 ECTS program)
Language Requirements
- TOEFL iBTContact Uni4Edu for current minimum score requirements
- IELTS AcademicContact Uni4Edu for current minimum score requirements
- Alternative ProofA university degree from an English-language institution may be accepted as proof of English proficiency
Required Documents
Application Deadlines
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships and Funding
While LMU Munich is a public university in Bavaria and generally does not charge tuition fees, students still need to cover living expenses in Munich. Several funding opportunities are available to support international students pursuing the MQE program.
MQE Research Assistant Position
EUR 300 - EUR 600 per monthEvery admitted MQE student is offered a research assistant (RA) position at the department, with contracts ranging from 6 to 12 hours per week. This provides both financial support and valuable research experience.
DAAD Scholarships for International Students
Varies by programThe German Academic Exchange Service (DAAD) offers various scholarship programs for international master's students studying in Germany, including monthly stipends and travel allowances. Contact Uni4Edu for current availability.
Deutschland Stipendium
EUR 300 per monthA national scholarship program co-funded by the German government and private sponsors, awarded to high-achieving students regardless of nationality. Contact Uni4Edu for eligibility details and application guidance.
For detailed tuition fee information, please contact Uni4Edu — we will guide you through the costs and available funding options for this program.
Career Prospects
Graduates of the MQE program are exceptionally well prepared for both academic and professional careers. The program's rigorous quantitative training and research focus make graduates highly competitive for top PhD programs worldwide as well as demanding positions in the private and public sectors.
Typical Career Paths
Where Graduates Work
Rankings and Recognition
Ludwig Maximilian University of Munich is consistently ranked among the top universities globally and holds a leading position in Germany. LMU's Faculty of Economics benefits from the university's strong research reputation and its designation as a German University of Excellence.
| Subject | Ranking Body | Rank |
|---|---|---|
| Economics and Econometrics | QS Subject Rankings | Top 100 (Contact Uni4Edu for current data) |
| Social Sciences | THE Subject Rankings | Top 50 in Germany |
| Business and Economics | THE Subject Rankings | Top ranked in Germany |
| Economics | US News Subject Rankings | Top 100 (Contact Uni4Edu for current data) |
How to Apply
Applying for this program is easy with Uni4Edu. Our team will guide you through every step of the process — from document preparation to final enrolment.
Contact Uni4Edu
Reach out to our team via email or phone. We will assess your profile and confirm your eligibility for this program.
Prepare Your Documents
Our advisors will provide you with a personalised checklist of required documents and help you prepare your application package.
Submit Your Application
Uni4Edu will submit your application on your behalf and keep you updated on its progress throughout the review period.
Receive Your Offer
Once accepted, we will help you understand your offer, arrange visa support if needed, and guide you through the enrolment process.
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