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Studying Economics

Why the M.Sc. Economics, Institutions, and Behavior?

This program systematically considers the economic analysis of institutions.

Why this focus?

Institutions shape economic contexts worldwide. Understanding and developing institutions is a key skill in addressing many challenges, whether at the individual, organizational, or societal level.

Nobel prize winner Douglass North (1991) observes: ‘Throughout history, institutions have been devised by human beings to create order and reduce uncertainty in exchange.’ North assigns institutions a crucial role in the economy: ‘Institutions provide the incentive structure of an economy; as that structure evolves, it shapes the direction of economic change towards growth, stagnation, or decline.’

This program provides specialized education in institutional economics and rigorous training in all major fields of economics, employing modern theoretical and empirical methods. 

Perspectives

Completing this program will prepare you for a career as a professional economist in government or business or provide you with a solid basis for an academic career.

Learning environment

• All courses are taught in English. The program is well-suited for international students.
• Class sizes of about 20 students create an ideal working atmosphere, encouraging participation in lectures and debates.