Center for Mathematical Economics
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Center for Mathematical Economics

Master Programs

The Center for Mathematical Economics together with the Faculties of Business Adminstration and Economics and Mathematics offers three different Master’s degree programs:

Erasmus Mundus Master of Quantitative Economics (QEM), Master of Science

Together with the universities

the Center for Mathematical Economics offers an Erasmus Mundus Master’s degree program entitled Models and Methods of Quantitative Economics (QEM). Coordination of the program is located at Université Paris 1 Panthéon–Sarbonne, for more general information please have a look at the official website.

QEM is promoted by the European Union as a centre of excellence and is intended for top level European and non-European students. In Bielefeld, QEM is embedded in the Quantitative Economics Master’s degree program.

Further Information: Student Info

Quantitative Economics (QE), Master of Science

The Master’s degree program in Quantitative Economics teaches students quantitative mathematical methods in economics and prepares them to carry out their own independent work at the cutting edge of research. In their first year, students attend obligatory courses delivering the main scientific and technological skills in the following fields:

  • Microeconomics
  • Macroeconomics
  • Probability Theory and Statistics
  • Optimization
In the second year, students specialize in their chosen research field by attending in-depth lectures and seminars in order to facilitate own research.

Further Information: Student Info

Mathematical Economics (Wirtschaftsmathematik), Master of Science

Mathematical models are the main tools for modern economic analysis. They are routinely applied to gain a better understanding of micro- and macroeconomic relationships, economic policy issues and managerial problems. Adequate design and competent analysis of economic models today often requires mathematical skills that go beyond the contents covered in standard Economics programs. The Master’s program in Mathematical Economics provides students with a background in Mathematics and Economics that allows them to apply competently and independently up-to-date methods of analysis to relevant issues in Economic Theory and Policy, Managerial Economics and Finance. Besides obtaining a strong background in the fields of Mathematics and Economics, students get acquainted with the current state of research in selected areas of one of the two fields and do the first steps towards own independent research. Strengthening soft skills like presentation techniques and group work is also an important aspect of the program. The combination of skills in Mathematics and Economics does not only offer good job perspectives in many sectors of the economy but in many cases has also been a good basis for a successful research career.

The curriculum of the program contains modules in Applied Mathematics (e.g. Numerical Mathematics, Stochastics, Discrete Mathematics), in Economics, where students may choose from a wide range of economic topics (e.g. Micro- and Macroeconomics, Finance, Strategic Analysis, Quantitative Methods, Production Planning) and a sequence of modules deepening knowledge in a selected area of Mathematics. Additional credits are earned in group-work on projects or reading courses. The Master Thesis is completed in an area of Mathematics or Economics and in conjunction with the thesis each student gives an oral presentation in a seminar.

Further Information: Student Info