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Dear prospective student,

thank you for your interest in the Master (M.Sc.) program, International Economics and Management. This study program prepares you for executive positions in international companies or for research and advisory activities in national and supranational institutions. The program's specific focus lies on the globalization and increasing internationalization of economies and firms, their strategies to gain competitive advantages, and their activities to successfully reach and sustain a leading position.

The program is designed to impart both theoretical and methodological knowledge on international firms, open economies, development, and globalization. The program is structured around core and elective modules. In addition to a core structure it offers a high degree of flexibility to enable you to tailor the program to your individual interests. It is also regularly updated to take into account the latest research and issues in international management.

On the basis of the program’s international orientation all modules are offered through English (German speaking modules are also available). The international orientation is not only apparent through the English language study option. In addition, the study program holds strong partnerships globally with numerous partner universities as well as various cooperations through the Faculty of Business Administration and Economics.  This provides students with the opportunity to integrate a study abroad into their study program through the support of the faculty. Further information regarding this element of the program can be found under 'Study Specials', as well as on the website of the International Campus.  

Prof. Dr. Stefan Jungblut

(Program Coordinator)

Course of the Studies

Course Elements

The Master of Science in International Economics and Management is a 4 semester program. The academic year begins in the winter semester nevertheless a beginning in summer term is possible, too. There are three modules of 10 ECTS credits (ECTS = European Credit Transfer System, 1 ECTS credit is equivalent to around 30 working hours) to be completed in each semester. Therefore, a total of 120 ECTS credits is needed to complete the program.

All study programs of the Faculty for Business Administration and Economics are constructed based on their modules.  Each specific study field has associating modules, from which a predetermined number of ECTS must be attained in order to successfully complete the study program. The study program  International Economics and Management consists of the following fields of study:

  • Methods
  • Economics
  • Management
  • An additional field for profiling which consists of all modules available from the Faculty of Business Administration and Economics ('General Elective')

These modules are formed based on a combination of sessions. These may include lectures, tutorials, seminars as well as the writing of papers.

The 120 ECTS credits in the study course International Economics and Management can be collected flexibly. They are made up of a combination of mandatory methodological modules (20 ECTS credits), elective modules in economics and management (60 ECTS credits), "general elective" modules (20 ECTS credits) and a master thesis (20 ECTS credits).

  • 20 ECTS Mandatory Modules
    W4441 Methods of Economic Analyses (10 ECTS)
    W4479 Econometrics (10 ECTS)
  • 80 ECTS Elective Modules
    Economics Elective (40 ECTS)
    Management Elective (20 ECTS)
    General Elective (Faculty of Business Administration and Economics) (20 ECTS)
  • 20 ECTS Master Thesis

This combination enables students to establish a managerial as well as an economic focus. Due to an appropriate selection of the modules, the fields "Economics" and "Management" can be integrated equally into the study plan (see figure on the right).

The mandatory modules serve to create basic skills and to fulfill fundamental requirements. The method modules "Methods of Economic Analyses" and "Econometrics" provide basic methodological competences including mathematical abilities as well as empirical and econometrical methods.

The elective modules ("Econ-Elective" and "Management-Elective") contribute to your profile building. According to their focus, these electives must come either from the field of "Economics" or "Management". The 20 ECTS-credits for the "General-Elective" modules can be freely chosen from the modules of the Faculty of Business Administration and Economics which are available according to the module catalogue. The module catalogue shows the respective modules. Please choose the study program and the academic year. Detailed information about the modules can be found at the University´s website using the corresponding module number.

Furthermore, the master thesis contributes to your individual profile-building. In general, you can write your thesis at all departments of the Faculty of Business Administration and Economics at the University of Paderborn in order to make use of the know-how you have gained during your studies.

Study Plan

The study plan is a recommendation for the progression of the master's program. In addition to the following time sequence also other structures within the four-semester study course are possible. This depends on the individual content-related setting of priorities.

The examination regulations provide comprehensive information and contain all legal regulations with respect to examination. An English version is available upon request. The module catalogue shows the available modules. Please choose the study program and the academic year. Detailed information about the modules can be found at the University´s website using the corresponding module number.

Admission Requirements

The admission requirements for the master program International Economics and Management (M.Sc.) include formal and informal criteria. In case you cannot meet these requirements you can compensate due to courses in the fields of economics and quantitative methods. Furthermore a proof of language proficiencies in English as well as in German is required. 

Application Information

Where and how applications have to be submitted depends on the origin of the respective applicant. German students ("Bildungsinländer") apply online via the platform PAUL. The application of international students, however, has to be submitted to the International Office.

More application information can be found here.

Career Profiles

The M.Sc. in International Economics and Management prepares graduates for executive careers in international companies and institutions and functions where they will be expected to prepare and analyze an organization’s strategic position in the global market.

The economic and operational competences acquired during the program enables graduates to work through theoretical and real-life issues and to develop detailed solutions. The ability to analyze challenges in a global economic context empowers international companies, public and private sector institutions, and nongovernmental organizations by providing a sound scientific foundation to their decision-making. Graduates of the M.Sc. program in International Economics and Management develop the key competences required for an international career.

The M.Sc. in International Economics and Management also prepares for a more research-oriented career. Graduates will be equipped with the requisite skills to continue their studies with an internationally acknowledged research degree or Ph.D. program.

Exemplary course schemes for selected career profiles

Students can tailor their study program to suit their interests and choice of career direction. The following show how modules can be built around four suggested careers profiles. Please note that the information should only serve as a guideline and is by no means exhaustive.

  • career profile "Management in Multinational Enterprise"
    • Focus on internationalization and competition in the field of economics
    • Elective modules on management topics
    • Fewer research methodology modules
    • Module selection may include: W4173 Strategic Management
  • career profile "International Organization"
    • Focus on internationalization and research-oriented modules
    • Possible methodological supplement, depending on focus
    • Module selection may include: W4411 International Finance - Currencies and Exchange Rates; W4451 Financial and Time Series Econometrics
  • career profile "Position in NGO"
    • Specialization in the field of economics in modules with main focus on growth, development processes, environmental issues and globalization
    • Strategic and globalization-oriented modules
    • Module selection may include: W4412 Global Growth and Development - Perspectives of Global Regions; W4423 Economic Foundations of Development Theory and Policy
  • career profile "Research-Oriented Career"
    • More research methodology modules
    • Professional specialization in the field of economics
    • Research-oriented modules in the fields of economics and management
    • Module selection may include: W4413 Research and Independent Studies in Economics; W4452 Advanced Methods of Empirical Economic Research
Study Specials

Reflecting its international orientation the master program International Economics and Management is taught in English. Furthermore, the program is an integrated member of the international campus of the faculty of Business Administration and Economics which comprises e.g. a network of international connections through both collaboration and research. Three particular study specials of the master program, which highlight its global orientation are the ASBE-, the double master program as well as the International Forum Economics and Management.

 

Asian Studies in Business and Economics (ASBE)

The Asian Region is currently gaining in both economic and cultural significance, and its economic growth is perceived as increasingly important to Europe. The ASBE program offers an ideal opportunity for students on any of the Faculty's Master programs to steer their career in this direction by opting for a study focus on Asian Studies in Business and Economics.

 

Double Master Program Tohoku University

The faculty for Business Administration and Economics at the University of Paderborn and the Graduate School of Economics and Management (GSEM) at Tohoku University, Japan are offering from winter semester 2015/2016 a double master program. Students from both universities are given the opportunity to study both programs simultaneously allowing them to obtain a master’s degree in International Economics and Management (IEM) at the University of Paderborn as well as the Global Program in Economics and Management (GPEM) at Tohoku University, within the standard study period of four semesters.

 

International Forum Economics and Management

The International Forum Economics and Management aims to provide a platform for communication between international students and German students about diverse topics. Through social activities and interesting discussions students get in touch with other cultures and have the possibility to talk about various customs, languages and economic research in different countries.

Student Statements and FAQ

“I like the study program IEM, because it offers a great range of interesting courses and modules.”

“The existence of just two mandatory modules allows the establishment of an individual set of modules and a wide insight into many economic topics.”

“I enjoy the combination of economic topics and the focus on entrepreneurial thinking.”

“Because most modules are held in English, it is a good preparation for the professional world.”

“Qualified support is offered by the module coordinators.”

“The support is very well and the campus university with its good equipment and the large library facilitate the studies.”

“Paderborn is a historical, green and medium-sized city with a great infrastructure and a modern and international campus university.”

 

All FAQ can be found here.

Introductory Session and Modules

The slides of the introduction to the M.Sc. International Economics and Management in winter term 2017/2018 is downloadable here and for international students here

Modules taught in English are listed here: Summer Semester 2017 and Winter Semester 2017/18. The complete list of modules (including those taught in German) is available in the module catalogue and allows for a classification by field of study. Detailed information about each module's content can be found at the University´s webpage using the corresponding module number or in the module handbook, respectively.

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