Master of Science Economics and Institutions€¦ · Module name Cooperative Economics (M-INST/CE) ECTS points 6 credit points Degree of obligation Elective Level Advanced Contents

Master of Science Economics and

Institutions

Master of Science Economics and Institutions

Module Handbook

2

Contents

Research Methods ...................................................................................................... 3

Theoretical Economics (M-METH/TE) ............................................................................ 3

Empirical Economics (M-METH/EE) ................................................................................ 4

Institutional Economics ............................................................................................... 5

Theoretical Institutional Economics (M-INST/TIE) ......................................................... 5

International Institutional Economics (M-INST/IIE)....................................................... 6

Law and Economics (M-INST/LAE) .................................................................................. 7

Applied Institutional Economics (M-INST/AIE) .............................................................. 8

Public Economics (M-INST/PE) ....................................................................................... 9

Cooperative Economics (M-INST/CE) ........................................................................... 10

Seminar on Institutional Economics (M-SEM/INST) .................................................... 11

Economics Specialisations: Economic Policy .............................................................. 12

Economic Policy (M-POL/EP) ........................................................................................ 12

International Economic Policy (M-POL/IEP) ................................................................. 13

Macroeconomic Policy (M-POL/MP) ............................................................................ 14

Seminar on Economic Policy (M-SEM/POL) ................................................................. 15

Economics Specialisations: Money, Accounting and Finance ...................................... 16

Finance (M-MAF/F) ....................................................................................................... 16

Monetary Economics (M-MAF/ME) ............................................................................. 17

Accounting (M-MAF/A) ................................................................................................. 18

Seminar on Money, Accounting and Finance (M-MAF/SEM) ...................................... 19

Electives ................................................................................................................... 20

Interdisciplinary Modules (M-INTDIS) .......................................................................... 20

Key Qualifications ..................................................................................................... 21

Key Qualifications (M-KQ) ............................................................................................ 21

Final Module............................................................................................................. 22

Master Thesis (M-MA) .................................................................................................. 22

Research Methods

3

Research Methods

Module name Theoretical Economics (M-METH/TE)

ECTS points 6 credit points

Degree of obligation Compulsory

Level Advanced

Contents Contents: The module introduces and deepens models of individual decisions making. Students work with models from general-equilibrium as well as game theory and connect them to microeconometric models of decision processes. Learning outcomes: Students learn how to formulate theoretical models and how to apply them to real-life questions. In particular, they learn how to translate theoretical approaches into forms that are accessible to statistical methods.

Teaching and learning methods

Lectures, tutorials

Workload Contact hours: 56 hours Study time: 56 hours Time for exam preparation: 68 hours

Course language English

Pre-conditions of participation

None

Module used for M.Sc. Economics and Institutions Exportmodule

Method of assessment - Written examination (120 min.) or - Written examination (60 min./ 3 credit points) + Essay (3 credit points) Overall grade: Grade point average

Grades/marks Grades are awarded according to § 28 Allgemeine Bestimmungen

Duration of module 1 semester

Periodicity Winter semester

Start of module ---

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Bibliographical reference

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4

Module name Empirical Economics (M-METH/EE)



Level Advanced

Contents Contents: This module introduces important methods in the analysis of empirical economic data. It combines statistical methods of investigation with economic theory and shows how the latter can be studied using empirical data. Learning outcomes: Students learn important methods of empirical analysis both from a theoretical as well as a practical point of view. This helps develop students’ competences to make educated comments on empirical studies and conduct their own empirical work.


Lecture, tutorial.




none






Start of module ---



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Institutional Economics

5


Module name Theoretical Institutional Economics (M-INST/TIE)


Degree of obligation Elective

Level Advanced

Contents Contents: Information economics and mechanism design are the branch of institutional economics that uses mathematical modelling techniques. This module acquaints students with models of moral hazard and adverse selection and with mechanisms that are built to overcome the corresponding inefficiencies. Learning outcomes: Students learn to master models of institutions and to apply them to real-life questions. They become familiar with techniques of designing institutions based on a theoretical analysis of individual objectives and behavioural constraints.


Lecture, tutorials




None





Periodicity Winter and summer semester

Start of module ---



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6

Module name International Institutional Economics (M-INST/IIE)



Level Advanced

Contents Contents: International institutions as, e.g., international organisations or regulations at an international level as well as institutional issues of regional integration as the European Union or developing countries Learning outcomes: The objective of the module is that the students should be able to analyse and discuss critically institutions in international contexts, especially from an institutional economics perspective. The students should acquire the competence to analyse international institutional problems (governance issues) and to develop and assess institutional solutions for international economic and social problems.


Lectures, tutorials




None





Periodicity Summer semester

Start of module ---



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7

Module name Law and Economics (M-INST/LAE)



Level Advanced

Contents Contents: Theoretical and normative issues of the economic analysis of legal rules and regulations; selected applications as, e.g., property rights, contract law, tort law, business law, consumer law, and other legal fields. Learning outcomes: The students should acquire a thorough knowledge about the field of the economic analysis of legal rules and regulations. The students should acquire the competence to analyse critically legal institutions and assess alternative legal solutions from an economic perspective. Also a basic understanding of interdisciplinary research should be achieved.


Lectures, tutorial




none





Periodicity Winter semester and summer semester

Start of module ---



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8

Module name Applied Institutional Economics (M-INST/AIE)



Level Advanced

Contents Contents: In this module, students are introduced to applications of institutional economics concepts in various fields of economics, e. g. with regard to the role of the state in the economy or specific issues for developing countries. Issues relevant for a theoretical as well as policy-oriented analysis are discussed. Learning outcomes: Students should acquire a thorough understanding about various fields where institutional economics concepts can be applied to, and how specific problems can be analysed (e.g., in regard to specific sectors or multi-level contexts). They should develop capabilities for the critical assessment of the effectiveness of different policy instruments as incentive systems or regulation.


Lectures, tutorial




none





Periodicity Winter semester or summer semester

Start of module ---



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9

Module name Public Economics (M-INST/PE)



Level Advanced

Contents Contents: Students learn about the role of the state in a market economy, in particular how it (i) sets rules relevant for private economic exchange, (ii) addresses issues of market failure, (iii) and how it directly intervenes into the economy using public expenditures and taxes. Learning outcomes: Students acquire a thorough understanding about the role of the state in the economy. They get to know situations, where market failures can be addressed successfully through state intervention and how state intervention can exacerbate existing problems or even create new problems. They learn how to apply economic analysis to the study of real world problems and to evaluate specific economic policies


Lectures, tutorial


Course language Englisch


none






Start of module ---



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10

Module name Cooperative Economics (M-INST/CE)



Level Advanced

Contents Contents: Students learn about the role of economic cooperation in natural resource management but as well as in market access, value chain development and economic performance of small and medium enterprises, in particular on the role of (i) sets rules and group characteristics relevant for cooperation, (ii) addresses limits of cooperation and hybrid organizations, (iii) and the contribution to common pool resource management, the provision of public goods and sustainability of Social Ecological Systems (SES). Learning outcomes: Students should acquire a thorough understanding about various fields where concepts of cooperative economics can be applied to, and how specific problems, even interdisciplinary challenges, can be analysed (e.g., in regard to sector encompassing or multi-level contexts). They should develop capabilities for the critical assessment of the relevance of actors’ characteristics, the effectiveness governance structures, policy implications and links to natural and other behavioral sciences.


Lectures, tutorial


Course language Englisch


none






Start of module ---



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11

Module name Seminar on Institutional Economics (M-SEM/INST)



Level Advanced

Contents Contents: Selected problems in various fields of economics Learning outcomes: The students should learn to apply the various approaches of institutional economics to specific problems. They should acquire the competence to present their results in written and oral form, and defend their arguments successfully in academic discussions. They also should acquire skills in academic writing.


Seminar

Workload Contact hours: 28 hours Preparation of the paper: 80 hours Course preparations: 40 hours Reading: 32 hours



none


Method of assessment Attendance is obligatory Paper (3 credit points) + presentation or written examination (60 min.) (3 credit points) Overall grade: Grade point average




Start of module ---



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Economics Specialisations: Economic Policy

12


Module name Economic Policy (M-POL/EP)



Level Advanced

Contents Contents: Selected economic policies, as, e.g., competition policy, regulation of markets, environmental policy, innovation policy, monetary policy, tax policy social policy, policies for developing countries Learning outcomes: The students should get a deep knowledge and understanding for selected fields of economic policy, both at a theoretical and a practical level. This should enable them to analyze critically specific policies from an economic perspective and develop and assess policy solutions.


Lectures, tutorials




none


Method of assessment - Written examination (120 min.) or - Written examination (60 min. / 3 credit points) + Essay (3 credit points) Overall grade: Grade point average


Duration of module 1 Semester


Start of module ---



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13

Module name International Economic Policy (M-POL/IEP)



Level Advanced

Contents Contents: Selected fields of international economic policies (as, e.g., trade policy, global governance) or international problems of economic and social policies Learning outcomes: The students should develop the competence for a deep and critical analysis of specific international problems of economic policies, both at a theoretical and a practical level. This should enable the students to assess specific international economic policy problems and develop policy solutions.


Lectures, tutorials




None





Periodicity Winter semester or summer semester

Start of module ---



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14

Module name Macroeconomic Policy (M-POL/MP)



Level Advanced

Contents Contents: This module introduces students to an advanced analysis of macroeconomic phenomena. Aspects relating to macroeconomic theory as well as macroeconomic policy will be discussed. Empirical applications show the relation between theory and real-world macroeconomics. Learning outcomes: Students learn to analyse macroeconomic problems based on a thorough understanding of theoretical principles. They are aware of the possibilities and limitations of modern macroeconomic theory, obtain a good grasp of the challenges faced by macroeconomic policymakers, and are able to make educated comments on current macroeconomic problems.


Lectures, tutorials




None





Periodicity Winter or summer semester

Start of module ---



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15

Module name Seminar on Economic Policy (M-SEM/POL)


Degree of obligation Elective (compulsory for the Specialisation in Economic Policy)

Level Advanced

Contents Contents: Selected problems of economic policy Learning outcomes: The students should learn to analyse thoroughly specific problems of economic policy, both at a theoretical and a practical level. They should acquire the competence to present their results in written and oral form, and defend their arguments successfully in academic discussions. They also should acquire skills in academic writing.


Seminar




None






Start of module ---



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Economics Specialisations: Money, Accounting and Finance

16


Module name Finance (M-MAF/F)



Level Advanced

Contents Contents: This module introduces students to an advanced analysis of business finance and capital markets. Aspects relating to capital market theory as well as specific financial issues for firms will be discussed. Learning outcomes: Students learn to analyse issues pertaining to financial markets based on a thorough understanding of theoretical principles. They are aware of the possibilities and limitations of modern finance theory, obtain a good grasp of the challenges faced by financial decision makers, and are able to make educated comments on current issues in finance.


Lectures, tutorials




None


Method of assessment The method of assessment may vary. - Written examination (120 min.) or - Written examination (60 min./ 3 credit points) + Essay (3 credit points) Overall grade: Grade point average




Start of module ---



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17

Module name Monetary Economics (M-MAF/ME)



Level Advanced

Contents Contents: This module introduces students to an advanced analysis of monetary macroeconomics. Aspects relating to theory in monetary macroeconomics as well as policy will be discussed. Empirical applications show the relation between theory and real-world monetary macroeconomics. Learning outcomes: Students learn to analyse problems in the field of monetary macroeconomics based on a thorough understanding of theoretical principles. They are aware of the possibilities and limitations of monetary macroeconomic theory, obtain a good grasp of the challenges faced by policymakers, and are able to make educated comments on current problems in monetary macroeconomics.


Lectures, tutorials




None






Start of module ---



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18

Module name Accounting (M-MAF/A)



Level Advanced

Contents Contents: This module introduces students to an advanced understanding of accounting principles and analysis. Aspects relating to accounting theory as well as specific accounting issues will be discussed. Learning outcomes: Students learn to analyse issues pertaining to accounting based on a thorough understanding of theoretical principles. They are aware of the possibilities and limitations of modern accounting theory, obtain a good grasp of the challenges faced by accountants, and are able to make educated comments on current issues in accounting.


Lectures, ...




None

Module used for M.Sc. Economics and Institutions M. Sc. Betriebswirtschaftslehre Exportmodule

Method of assessment The method of assessment may vary. - Written examination (120 min.) or - Written examination (60 min./ 3 credit points) + Essay (3 credit points) Overall grade: Grade point average




Start of module ---



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19

Module name Seminar on Money, Accounting, and Finance (M-MAF/SEM)


Degree of obligation Elective (compulsory for the Specialisation in Money, Accounting and Finance)

Level Advanced

Contents Contents: In the context of an essay and a presentation, students study specific questions in the areas of monetary economics, accounting or finance. Learning outcomes: Students learn to apply their knowledge in the area of monetary economics, accounting and finance to specific theoretical or empirical research questions. They practice structuring and formulating a scientific argument and train their ability to follow important rules associated with scientific work.


Seminar




None






Start of module ---



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Electives

20

Electives

Electives can also be chosen from those modules in the Research Methods, Institutional Economics, and the Economics Specialisations that have not yet been selected. Students may also chose from the export modules of the M.Sc. Business Administration or take language courses. Please note that all course modules must consist of 6 credit points. It is not possible to combine courses offered by different departments in one and the same module.

Module name Interdisciplinary Modules (M-INTDIS)

ECTS points 6/12/18 credit points


Level

Contents Learning outcomes: These modules aim to deepen and enrich the students’ capability in assessing and understanding different cultures and disciplines and in drawing out the connections between economics and other areas of science and art.


Please consult the individual module descriptions for any restrictions on admission.

Workload Please consult the individual module descriptions for the workload involved.

Course language English or German or other languages


Please consult the individual module descriptions for any restrictions on admission.

Module used for M.Sc. Economics and Institutions

Method of assessment Please consult the individual module descriptions.



Periodicity Every semester

Start of module

Person responsible


Key Qualifications

21

Key Qualifications

Module name Key Qualifications (M-KQ)



Level

Contents Contents and Learning outcomes: This module enables students to broaden their capabilities in all the relevant areas of soft skills, such as (inter-cultural) communication, project management, academic writing, gaining and presenting information. It is also designed to advance students’ interpersonal skills and, in view of the concept of lifelong learning, to improve their own learning and performance capabilities.


Please consult the individual module descriptions

Workload Please consult the individual module descriptions

Course language German or English


None


Method of assessment Please consult the individual module descriptions Not graded




Start of module

Person responsible


http://en.wikipedia.org/wiki/Interpersonal_skills

http://en.wikipedia.org/wiki/Interpersonal_skills

Final Module

22

Final Module

Module name Master Thesis (M-MA)



Level Final Module

Contents Contents: In the Master thesis, students provide an in-depth analysis of a research question from the field of economics or quantitative methods. Learning outcomes: Students learn to apply their knowledge in the area of economics or quantitative methods to specific theory- or policy-oriented research questions using theoretical or empirical methods. They practice structuring and formulating a scientific argument and train their ability to follow important rules associated with scientific work


Workload 900 hours



Research Methods (12 credit points) 36 credit points in Institutional Economics and Economics Specialisations


Method of assessment Master Thesis (writing time 6 months)


Duration of module 6 months


Start of module

Person responsible


Documents

Master of Science Economics and Institutions€¦ · Module name Cooperative Economics (M-INST/CE) ECTS points 6 credit points Degree of obligation Elective Level Advanced Contents