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Master's ProgrammeM.Sc. Economics

The Master’s degree programme in Economics welcomes students who wish to increase their knowledge of and methodological skills in Economics following successful completion of a respective Bachelor’s programme.

The structure of the programme offers a professional economic education at the graduate level that is based on international standards and addresses students with sufficient mathematical and analytical prior knowledge. The main objective of the Master's programme is to enable students to independently conduct scientific work. The programme’s teaching focus is on current academic methods and research findings. After graduation, students have an overview of the interconnections within Economics as well as the ability to analyse scientific publications on Economics and to independently apply scientific methods and findings on Economic issues.  

The programme enables graduates to work in the public or private sector or to complete a doctorate. In order to prepare students for the international labor market for economists, all courses in the Master's degree programme are held exclusively in English.

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Application for the winter term 2024/25

The application process for the next winter term 2024/25 is now open! Please note: the application for the summer term is only possible for a higher semester. There is no general admission to start the M.Sc. Economics in the summer term.


Within the M.Sc. Economics programme, students choose one track of specialization. The compulsory modules and the course structure vary slightly between each track in order to strengthen the skills in the respective area of focus.

After completing the programme, the chosen track is certified on the diploma. 

Course Structure

The Master of Science program is designed to ensure that students understand the implications of their subject well, are able to make appropriate use of sophisticated academic methods and findings, and are capable of independent economic research in accordance with academic principles. The programme follows a modular system that takes 4 semesters to complete, including sitting for exams and the completion of a thesis. First semester compulsory submodules vary depending on the track students aim to achieve.

In the second and third semesters, students are expected to choose from a range of economic and interdisciplinary elective modules and seminars to complement their research. The electives from the economics modules can be chosen from the abovementioned areas of focus.

In the third semester, students have the opportunity to apply for a study stint abroad, including the ERASMUS programme, the EU-exchange programme to promote greater mobility and cooperation between partner universities. Credits obtained from the partner universities are transferable towards the Master’s degree.
The fourth semester is reserved for the completion of the Master’s thesis.

Completion of the Master’s programme requires a total of 120 ECTS credit points, out of which 32 credits come from compulsory modules, 58 credits from elective modules and 30 credits from the Master’s thesis. Graduates will be conferred the degree “Master of Science” (M.Sc.).

Key Facts


Master of Science (M.Sc.)
Subject Type
100% (Major)
Start of Course
winter term every year
Normal Study Time
4 terms
ECTS Points
Language of Instruction
Application Deadlines
30.09. for all applicants, see Details below

Entry Qualifications

The admission statutes include the following criteria:

  1. The prospective student has to have a first university degree in a study program in Economics or with at least 40 % in Economics with a minimum of six semesters. Students of natural sciences (mathematics, physics, informatics or statistics) have to have a minor in Economics with at least 35 ECTS. If the degree is not completed at the date of admission, it is sufficient to apply with an official transcript of records issued by the examination office stating the current grade point average. If the prospective student will be accepted, the official degree certificate has to be shown by the time of enrollment.
  2. The grade point average of the first academic degree has to be at least 2.7 or better, on a German grading system from 1.0 (highest grade) to 4.0 (lowest passing grade, 5.0 not passed). Applicants with a lower grade point average than 2.7 won’t be accepted. There is no such thing as waiting semesters. Academic awards or internships won’t be considered. The grade point average of the first official degree is the only considered criteria.
  3. Proof of certain knowledge of English language skills
    The proof can be made by handing in one of the following different types of documents:
  • Test of English as a Foreign Language (TOEFL) with at least 570 paper-based or 230 computer-based or 90 internet-based TOEFL-Test Points
  • International English Language Test System (IELTS) with a results of 6,5 or better
  • Cambridge Certificate in Advanced English (CAE)
  • the language certificate for English of the „Zentrales Sprachlabor“ of Heidelberg University with at least „good“
  • A full study program taught in English or a written bachelor thesis in English can be used as an equivalent.
  • if you have completed your university-entrance degree in an English speaking country, this is also sufficient.

The documents have to be issued no longer than 4 years ago. German language skills do not have to be proven.

Questions regarding the application process can be addressed to:

Applicants with German citizenship or a German Bachelor's degree

Mr. Fabian Pohl, Academic Advisor, fabian.pohl@awi.uni-heidelberg.de

International Applicants with an International Bachelor's degree

International Office, studium@uni-heidelberg.de

Application and Admission

Application, admission and immatriculation is handled entirely digital via the heiCO platform. You can upload all required documents there.


Elizabeth Piaun

Heidelberg helped me to improve my analytical and critical thinking.

Elizabeth Piaun (IRS, Ecuador)

Old Version (PO Version 20182)

Students who started the M.Sc. Economics programme before the winter term 2022/23 may still be enrolled in the old version of the programme. The relevant documents can found here. Enrollment is no longer possible. However, the structure was carried over in the track Analytical Economics in the current version of the programme.