Universität Bielefeld

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:

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