• The Master's degree program in Economics (Economic Policy Analysis) qualifies you as an expert in the area of applied economic policy analysis and consulting, strengthening your expertise as you take part in project-based courses during the second year of the program.
• The combination of advanced education in economic theory and state-of-the-art empirical research methods means you develop a solid background in economic theory.
• The English-only program hones your communications skills as well as your intercultural skill set and hands-on expertise.

As part of the Master’s degree program, students are required to complete courses totaling 120 ECTS credits in the following areas.
 

Program Details

If you would like to learn more about the Master's degree program in Economics, we strongly recommend taking a look at the curriculum. In addition, we have separately summarized a few details for you.

The Master's degree program in Economics (Economic Policy Analysis) focuses on policy-related economic issues at the crossroads of economics, statistics, and analyzing political decisions and in the following corresponding economic and socio-political fields:

• Competition and Consumer Protection: Will artificial intelligence determine tomorrow's competitive advantage? Explore the various strategies companies may have to potentially adopt in the future in order to remain successful, as well as the kind of consequences consumers may have to prepare for as a result of digitalization. 
• Education, Migration and Labor Markets: You conduct research on issues such as: How can we best help refugees integrate? What prompts people to embark on a journey into the unknown - and how does this affect labor markets and economies? How do educational policies and economic policy measures help?
• International, Monetary and Macroeconomics: You examine the key determinants in the area of international trade, (national) economic success stories, and setbacks (i.e., why is Botswana's GDP over five times that of neighboring Zimbabwe?).

• Public, Health, and Environmental Economics: You will address fundamental challenges of our generation: How can we manage the energy transition and prevent a collapsing climate? Do renewable energies play a role and how can the government effectively support and encourage renewable energy sources?

Graduates of the Master's degree program in Economics (Economic Policy Analysis) are highly sought after as experts in their field and have the opportunity to pursue a wide range of professional careers. Depending on your personal interests, you can pursue a career in the following areas as, for example, an analyst, a researcher, or as a consultant:

• conducting consumer, product, and market research as part of an analytics team at a financial institution or multinational corporation

• in an economic policy department at an international organization such as the EU, OECD, UN, WHO, etc.

• in economic research and policy related to monetary and macroeconomic issues at the Austrian National Bank (OeNB) or the European Central Bank (ECB)

• in the area of applied economic research at, for example, the Institute for Advanced Studies (IHS), the Austrian Institute of Economic Research (WIFO), or the Vienna Institute for International Economic Studies (WIIW)

• in economic policy providing consulting services to non-profit organizations in regard to environmental and migration issues

• at the federal or state level for Austrian public administration as part of an operational department (i.e. education, budget, spatial planning, etc.)

• at a university of appled sciences in the areas of research and teaching

On average, graduates in this field can find a job before completing the program. After three years of employment, their average gross monthly salary is € 3,641.