Quantitative Economics
Postfach 10 01 31 33501 Bielefeld, Germany, Germany
Master of Science in Quantitative Economics
Bielefeld University
Quantitative Economics
Program Overview: M.Sc. Quantitative Economics
The Master of Science in Quantitative Economics at Bielefeld University is a research-oriented program that teaches students quantitative mathematical methods in economics and prepares them to carry out independent work at the frontier of current research. The program is jointly organized by the Faculty of Business Administration and Economics and the Center for Mathematical Economics (IMW), both of which have a long tradition in economic theory.
The curriculum provides foundations in micro- and macroeconomics as well as probability theory, statistics, and optimization methods during the first two semesters. In the second year, students specialize in their chosen research field through in-depth lectures and seminars, culminating in a Master's thesis in the fourth semester.
Students can choose between two program variants: the regular QE track and the Erasmus Mundus QEM track, which includes longer student exchanges at partner universities and enables a double degree. Graduating from this research Master's delivers the qualifications for admission to PhD programs worldwide, including Bielefeld's own Graduate School of Economics and Management (BiGSEM).
Key Program Highlights
- Research-oriented Master's jointly organized by the Faculty of Business Administration and Economics and the Center for Mathematical Economics (IMW)
- Entirely taught in English with no German language proficiency required for admission
- Option to pursue the Erasmus Mundus QEM track with international partner university exchanges and double degree opportunity
- Direct pathway to PhD programs worldwide, including the Bielefeld Graduate School of Economics and Management (BiGSEM)
Curriculum & Modules
The M.Sc. Quantitative Economics curriculum is structured across four semesters totaling 120 ECTS credits. The first year focuses on building core quantitative and economic foundations, while the second year allows students to specialize in advanced research topics and complete their Master's thesis.
Advanced Microeconomics
10 ECTSCovers advanced microeconomic theory including consumer and producer theory, general equilibrium, game theory, and mechanism design. Provides the analytical framework for modeling individual and firm behavior in economic contexts.
Advanced Macroeconomics
10 ECTSExplores dynamic macroeconomic models, growth theory, business cycle analysis, and monetary policy. Equips students with tools to evaluate and predict the effects of economic and political decisions at the aggregate level.
Econometrics
10 ECTSProvides training in econometric methods including estimation, hypothesis testing, time series analysis, and panel data techniques. Students learn to apply quantitative methods to empirical economic questions.
Probability and Statistics
10 ECTSCovers probability theory, statistical inference, and stochastic processes essential for quantitative economic analysis. Builds the mathematical foundation required for advanced econometric and financial modeling.
Optimization for Quantitative Economics
10 ECTSFocuses on optimization methods relevant to economics, including linear and nonlinear programming, dynamic optimization, and control theory. These methods are essential for solving complex economic models.
Specialization and Research Module
12 ECTSStudents choose from advanced topics such as Evolutionary Game Theory, Social Choice, Cooperative Game Theory, Computational Economics, Topics in Finance, and Empirical Methods in Economics to deepen their specialization.
Elective & Specialization Topics
Admission Requirements
Admission to the M.Sc. Quantitative Economics at Bielefeld University is based on academic excellence and a successful aptitude assessment procedure. The program welcomes applicants with strong quantitative backgrounds, including those from economics, mathematics, and related disciplines. Contact Uni4Edu for personalized guidance on your application.
Academic Requirements
- Undergraduate DegreeBachelor's degree (or equivalent) with a minimum standard period of study of 6 semesters
- Subject PrerequisitesAt least 30 credit points in microeconomics, macroeconomics, analysis, and linear algebra
- Academic PerformanceStrong academic record; competitive GPA recommended for a favorable score in the admission process
- Aptitude AssessmentSuccessful participation in an application procedure assessing aptitude for the program
- Additional Documents (Optional)GRE score and a letter of application (up to 500 words) may strengthen your application
Language Requirements
- English ProficiencyEvidence of English language skills at level B2 or higher (TOEFL, IELTS, or equivalent accepted)
- English-Medium Degree ExemptionApplicants whose qualifying degree was obtained from an English-speaking institution may be exempt from English test requirements
- German ProficiencyNot required — all courses are taught entirely in English
Required Documents
Application Deadlines
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships & Funding
Bielefeld University does not charge tuition fees for domestic or international students, making it an exceptionally affordable option. Various scholarship opportunities are available to support your living expenses during your studies. Contact Uni4Edu for assistance in identifying and applying for suitable funding.
DAAD Scholarships for International Students
The German Academic Exchange Service (DAAD) offers a range of scholarships for international Master's students in Germany, covering living expenses and health insurance. Eligibility criteria and award amounts vary by program and country of origin.
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 M.Sc. Quantitative Economics are well prepared for careers as economists in central banks, policy advisory roles, multinational companies, consulting firms, and academia. The program's rigorous quantitative training also provides an excellent foundation for pursuing doctoral studies at leading institutions worldwide.
Potential Career Roles
Typical Employers
Rankings & Recognition
Bielefeld University is a well-established German public research university founded in 1969, recognized for its strong interdisciplinary research focus and notable strength in mathematics and economics. The university is ranked across multiple international ranking systems and is particularly recognized for its contributions to mathematical economics.
| Subject | Ranking Body | Rank |
|---|---|---|
| Mathematics | ARWU | Top 150 Worldwide / Top 4 in Germany |
| Economics | EduRank | #18 in Germany |
| Liberal Arts & Social Sciences | EduRank | #21 in Germany |
| Mathematics | CHE Excellence Ranking | Excellence Group |
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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