During your first year of studies at the University of Cologne, you will study 60 ECTS credits. Please consult the course catalogue for further details.

Core section (24 ECTS)

You will acquire methodological skills that will enable you to independently analyse economic problems on a theoretical and empirical level. The core section consists of four courses: Mathematics, Microeconomics, Macroeconomics and Econometrics (6 ECTS each).

Specialisation section (30 ECTS)

You will be able to choose a group on which you would like to focus:

• Empirical Methods & Data Analysis (Statistics & Econometrics)
• Markets & Economic Policy (Growth Labour and Inequality in the Global Economy, Macroeconomics and Public Economics, Macroeconomics, Money and Financial Markets, Markets & Institutions)
• Market Design & Behaviour (Design & Behaviour)

Each group consists of a methods course, a seminar and three electives.

Supplementary section (6 ECTS)

One seminar in Economics (Microeconomics, Macroeconomics, Energy & Climate or Statistics & Econometrics). You can choose a seminar from a range of courses. This gives you the opportunity to specialise even further within your chosen group or to diversify your studies by choosing a seminar from another area.

You will study the remaining credits of the supplementary section at Keio University.

At Keio University, you will study 20 Keio credits (10 courses worth 2 Keio credits each). You can choose courses as follows:

• at least 4 Keio credits of specialised courses
• at least 4 Keio credits of seminars
• 12 Keio credits in general courses, specialised courses or seminars

To get an impression of the courses offered at Keio University, please consult the Keio course catalogue (switch to English and then search for Faculty/Graduate School: [Master's] Economics).

The experience of studying abroad is one that many people remember as the most enriching, eye-opening and inspiring time of their lives. Studying in two university systems gives you the opportunity to experience different study cultures, broadening your academic horizons, your network and your career opportunities. As well as providing you with an excellent academic programme, we want to give you the chance to gain international experience, meet people from many different parts of the world, develop intercultural skills and learn to navigate new challenges. We believe that you will grow tremendously as a person through this experience.

Graduates of the Double Master's Programme in Economics will be well prepared for careers with an international focus. Possible roles include:

• positions in public institutions such as ministries, government departments, central banks, agencies and public authorities (such as antitrust divisions or regulatory authorities) or international institutions (such as the OECD, IMF, World Bank or the European Commission);
• economic advisor in a government ministry or economic advisor to a political party;
• researcher in an academic or research institution;
• positions in economic departments of private institutions such as banks, consultancies, large industrial corporations, organisations or companies in the media sector;
• analyst in a financial institution or manager in an investment bank;
• in-house economic journalist.

There are no tuition fees at the University of Cologne, except for a social contribution (Semesterbeitrag) of approximately €320 per semester . The Semesterbeitrag includes a public transport pass for the city and its surrounding area. For the studies at Keio University, students are exempted from paying tuition fees.

Find out about the entry requirements and how to apply for the programme.