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Economics of Global Risk

Master of Science (M.Sc.): Economics of Global Risk


EGR - Bildseite

Englischer Studiengang

This course of study is taught in English.



Globalized economies are exposed to globalized risks. Financial crises, climate change, wars and geopolitics, or the spread of pandemics threaten globally integrated economies. All of these disruptions are global in nature. Households, firms, and policymakers must address risks that are no longer confined to national borders.

To deal with global risk, we need thinkers and managers with a skill set that combines economics with a strong quantitative focus and knowledge from neighboring disciplines such as international politics, development studies, and international law. This program prepares students to understand a risky world economy. With a Master's degree in Economics of Global Risk, students are well-prepared for a career in government, non-governmental organizations, multinational corporations, and research institutions.


Duration of Studies

4 Semesters – 120 ECTS 


Start of the Programme

Summer and Winter Semester

Initially offered in the Winter Semester of 2023/24

WiSe, kein NC



Composition of the Study Programme


Master of Science (M.Sc.)

Duration of Studies

  • 4 semesters – 120 credit points (cp)
  • Maximum period of study: 8 semesters


Composition of the Study Programme

The Master of Science in Economics of Global Risk program comprises three study blocks: Major (60 ECTS),  Minor (30 ECTS) and the Master Thesis (30 ECTS).


1st semester


(60 ECTS)


(30 ECTS)

2nd semester

3rd semester

4th semester

Master’s thesis (30 ECTS)

Major (60 ECTS)

The Major consists of 60 ECTS, including seven compulsory modules and three compulsory elective modules.

  • In addition to the compulsory modules "Trade Policy and Global Supply Chains", "Risk and Open Economy" and "Advanced Econometrics", students must complete two research projects and two seminars within the Economics of Global Risk area.
  • During the compulsory seminars students will engage with important contemporary topics that are foundational to the degree program.
  • The two compulsory research projects may involve participating in ongoing research or learning to use software applications.
  • Students also have a wide choice of three compulsory elective modules. This allows you to set individual priorities and prepare yourself optimally for your career entry.


Minor (30 ECTS)

The minor comprises a total of 30 ECTS. 

  • In the Minor, students can choose modules from the list of compulsory elective modules in the Major (see the list above) and from other areas of business administration and economics (General Business Studies and Economics) (see the list below).
  • The students also have the opportunity to enroll in master's modules from other disciplines amounting to maximum 12 ECTS. Alternatively, an internship equivalent to 6 ECTS can be completed, or other modules on cross-sectional topics (see for more details) such as Gender & Diversity or Business English can be taken. Within these 12 ECTS, ungraded achievements can also be included.


Thesis (30 ECTS)

The Thesis module comprises 30 ECTS and concludes the Master's program. The master’s thesis should demonstrate that the student is capable of independently treating a defined research subject. When registering for the thesis module, the students must have successfully completed modules worth at least 60 ECTS and a seminar module. Please also note the following:

  • You will write your thesis at one of the professorships in the area of Economics of Global Risk.
  • You have six months to work on your thesis.
  • The thesis may also be written as practical work after consultation with the supervising professor.


Optional Extra Credits (max. 18 ECTS)

You have the opportunity to enroll in up to 18 ECTS of additional optional modules. These modules will not be factored into your overall grade calculation. Upon completion, you will receive a separate certificate acknowledging your achievements.



Start WiSe-SoSe-engl: Commencement of studies

Commencement of Studies

in the winter semester and the sommer semester


Application Procedure

Depending on where you obtained either your university entrance certificate or your Bachelor degree, we differentiate two application procedures:

Case A

You need to use JLU’s application portal if

  • you hold a completed Bachelor’s degree obtained at a German university (the country of origin of your university entrance certificate is of no importance).
  • your German Bachelor programme is not yet complete. Please provide a preliminary report. The country of origin of your university entrance certificate is of no importance.
  • you want to change to another degree programme at JLU. The country of origin of your university entrance certificate is of no importance.

Case B

You need to submit your application to uni-assist if

  • you hold a completed Bachelor’s degree obtained at a foreign university (the country of origin of your university entrance certificate is of no importance).
  • you obtained your university entrance certificate abroad and attended but not completed yet a Bachelor programme at any other university within EU. Please provide a preliminary report.
Application: deadline, intake capacity, fees

Intake capacity ("Numerus Clausus")

The intake capacity of this degree programme is not limited internally by the university.

No NC (GPA) requirements apply to this course of study.



Application for enrolment period summer semester:

  • Information will be published in due time

Application for enrolment period winter semester:

  • Application for enrolment starts
    • for applicants with a German Bachelor's: June 1
    • for applicants with an international Bachelor's degree: May 1

  • Application deadline
    • for applicants with a German Bachelor's: June 15 // extended until September 1
    • for applicants with an international Bachelor's degree: June 15 // extended until August 15



No study fees are charged for this study program. However, students have to pay a semester contribution of approx. 300 EUR for administration and semester tickets (details).

Application: Admission requirements

Admission Requirements

For admittance to the master's program applicants need to fulfill the following admission requirements:

  • Professionally qualifying German or equivalent foreign university bachelor’s degree in economics or business studies or other bachelor's degree with a share of at least 40 credit points (ECTS) in economics and 15 credit points (ECTS) in mathematics, statistics, or econometrics.
  • Proof of English skills:
    • either: German university entrance qualification (demonstrated by school certificates)
    • or: minimum score of 72 in TOEFL-IBT (internet-based test)
    • or: minimum overall score of 6 in IELTS
    • or: at least level B2 CEFR
    • or: proof of a Bachelor’s degree in English.


Applicants with an international degree:

International academic degrees are recognised as equivalent final examinations on the basis of the guidelines of the Central Office for Foreign Education of the Standing Conference of the Ministers of Education and Cultural Affairs. The Admissions Committee decides on equivalence. If there is any doubt about the equivalence of foreign final examinations, the Central Office for Foreign Education must be consulted.



Further information-admission international

For further information please contact:

Registrar’s Office / Studierendensekretariat
Goethestrasse 58
Postal address: Postfach 11 14 40, 35359 Giessen
Tel.: 0641/99-16400

Career Options

Career Options / Career Opportunities

Career Options

Our program expertly prepares students for key positions in global and domestic settings, including international institutions, multinational corporations, as well as associations and NGOs.


Doctoral Studies

It also establishes a solid groundwork for those pursuing academic careers. The program's objectives are clearly aligned to enable graduates to conduct independent research, paving the way for professional success and scholarly contributions.


Economics of Global Risk (englischsprachiger Studiengang)

Subject Advisor Faculty 02 - Economics and Business Administration

Contact persons and office hoursMore on this


Dean of studies

Dr. Jana Brandt-Gkovas

Office hours: by appointment



Informationen for:

  • outgoing students
  • incoming students

International Office
Goethestr. 58
35390 Giessen
Contact and consulation hours

Further Information

Further Information: Dokumente

Examination regulations


Courses offered in the course catalogue

 Electronical course catalogue (in German)

Master's Degree Programmes of Faculty 02

Any more questions?

Any more questions?
Information and consulting services of the JLU can be found in the category "Contact" on this page!