Structure and Organization

Admission Requirements

The Master of Science in Economics of Global Risk (EGR) program has no admission restrictions for the academic year 2024/25.

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 5.5 in IELTS
- or: at least level B2 CEFR
- or: proof of a Bachelor’s degree in English.

Fees

Students do not pay any tuition fees, the university only charges semester fees and contributions each semester. You can find more information hier.

Subject

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 risks, we need thinkers and managers with a skill set that combines economics with a strong quantitative focus and knowledge from neighbouring 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.

Basic Information

Duration of studies: 4 Semesters (120 credit points)
Academic degree: Master of Science in Economics of Global Risk
Commencement of Studies: Winter semester (October)
Language of instruction: English, elective moduls in German can be taken voluntarily

Structure

Major (60 ECTS)

10 Compulsory modules
(see the list of Major modules below, or Annex 3 of the Special Regulations)

Minor (30 ECTS)

Compulsory elective modules
(see the list of Minor modules below)

Master's Thesis (18 ECTS)

Supervised by one of the economics professorships at our department.

Open Studies (12 ECTS)

Modules from other disciplines and cross-sectional areas such as Gender & Diversity, Business English, or internship, or additional modules from the fields of general Economics and/or Business Administration.

The structure of the program is defined by the study and exam regulation, containing detailed descriptions of the contents and goals of individual modules as well as definitions of the type of and requirements for individual assessments in the modules and the final examination for the program. These regulations also define the available credits for each module and the required hours for the completion of the program.

The Master of Science in Economics of Global Risk program comprises three study blocks, each of which consists of different modules (see below). In addition to the compulsory 120 ECTS, you can take optional extra courses amounting to 18 ECTS.

In the first three semesters you will take five modules of 6 ECTS each. In the fourth semester, you will write your thesis (18 ECTS). However, you can be flexible with your program in terms of the duration of your studies, as you have a total of 8 semesters to complete your degree.

Major (60 CP) and Minor (30 CP)

The Major consists of 60 ECTS, including ten compulsory modules:

Module Code	Module Title	Chair	Semester	Language	Eligible in Major	Eligible in Minor
02-EGR:MSc-1	Core Module I	Studiendekanat FB 02	winter	English	Compulsory module	No
02-EGR:MSc-2	Core Module II	Studiendekanat FB 02	winter	English	Compulsory module	No
02-VWL:MSc-V3-2	Trade Policy and Global Supply Chains	VWL III	summer	English	Compulsory module	No
02-VWL:MSc-V5-1	Financial Markets and International Macroeconomics	VWL V	summer	English	Compulsory module	No
02-VWL:MSc-V5-3	Risk and the Open Economy	VWL V	winter	English	Compulsory module	No
02-VWL/BWL:MSc-St-1	Advanced Econometrics	VWL VII	winter	English	Compulsory module	No
02-EGR:MSc-Seminar-1	Seminar 1: Economics of Global Risk	All EGR-Chairs	winter/summer	English	Compulsory module	No
02-EGR:MSc-Seminar-2	Seminar 2: Economics of Global Risk	All EGR-Chairs	winter/summer	English	Compulsory module	No
02-EGR:MSc-Proj-1	Research Project 1 (EGR)	All EGR-Chairs	winter/summer	English	Compulsory module	No
02-EGR:MSc-Proj-2	Research Project 2 (EGR)	All EGR-Chairs	winter/summer	English	Compulsory module	No

Minor (30 CP)

The Minor comprises a total of 30 ECTS and must consist of modules selected from the list below.

Compulsory elective modules in Minor

Module Code	Module Title	Chair	Semester	Language	Eligible in Major	Eligible in Minor
MK-067-EN-DI	Theory and Practice of Economic Development	FB 09	winter	English	No	Yes
MP-208-EN-DI	Concepts of Ecological Economics	FB 09	winter	English	No	Yes
03-MA DG-B-4	Global Governance	FB 03	summer	English	No	Yes
-	International Migration Law	FB 01	irregular	English	No	Yes
02-VWL:MSc-V1-1	Economics of Regulation	VWL I	summer	English	No	Yes
02-VWL:MSc-V1- 2	Industrial Organization	VWL I	winter	English	No	Yes
02-VWL:MSc-V1- 3	Economics of Innovation	VWL I	summer	English	No	Yes
02-VWL:MSc-V3-1	Theory of International Trade	VWL III	winter	English	No	Yes
02-VWL:MSc-V3- 3	Summer School in Economics	VWL III	summer	English	No	Yes
02-VWL:MSc-V3-4	Virtual Summer School: Current Issues in Economics	VWL III	summer	English	No	Yes
02-VWL:MSc-V4-2	Transformations- und Reformökonomik	VWL IV	winter	German	No	Yes
02-VWL:MSc-V5- 2	Advanced Macroeconomics	VWL V	winter	English	No	Yes
02-VWL:MSc- Seminar-1	Volkswirtschaftliches Seminar	All VWL Professorships	winter/summer	Deutsch/English	No	Yes
02-VWL:MSc-#- Extra#	Vertiefungen ausgewählter Bereiche der Volkswirtschaftslehre	All VWL Professorships	winter/summer	Deutsch/English	No	Yes
02-VWL/BWL:MSc-St-2	Zeitreihenökonometrie und computergestützte Verfahren	VWL VII	summer	German	No	Yes
02-BWL:MSc-B1-1	Product Management	BWL I	winter	English	No	Yes
02-BWL:MSc-B1-2	Business Development	BWL I	summer	Deutsch	No	Yes
02-BWL:MSc-B1-3	Advanced Issues in Marketing and Sales	BWL I	winter		No	Yes
02-BWL:MSc-B2-1	Advanced Strategic Management	BWL II	winter	Deutsch	No	Yes
02-BWL:MSc-B2-2	Mergers and Acquisitions	BWL II	summer	Deutsch	No	Yes
02-BWL:MSc-B2-3	Advanced Exercises in Strategic and International Management	BWL II	summer	Deutsch	No	Yes
02-BWL:MSc-AB4-2	Advanced Controlling	BWL IV	summer	Deutsch	No	Yes
02-BWL:MSc-AB4-3	Cases in Consulting and Management Accounting	BWL IV	irregular	English	No	Yes
02-BWL:MSc-AB4-4	Investitions- und Nachhaltigkeitscontrolling	BWL IV	winter	Deutsch	No	Yes
02-BWL:MSc-AB4-6	Management Reporting: Theorie und Praxis mit SAP S/4HANA® und Microsoft Power BI®	BWL IV	irregular	Deutsch	No	Yes
02-BWL:MSc-FB5-1	Risikomanagement	BWL V	summer	Deutsch	No	Yes
02-BWL:MSc-FB5-2	Behavioral Finance	BWL V	winter	Deutsch	No	Yes
02-BWL:MSc-FB5-3	Versicherungsmanagement	BWL V	irregular	Deutsch	No	Yes
02-BWL:MSc-FB5-4	Sustainable Portfoliomanagement	BWL V	irregular	Deutsch/English	No	Yes
02-BWL:MSc-FB5-5	Internationales Finanzmanagement	BWL V	irregular	Deutsch	No	Yes
02-BWL:MSc-FB6-1	Applied Corporate Finance	BWL VI	winter	English	No	Yes
02-BWL:MSc-FB6-3	Sustainable Business – Strategy, Governance & Finance	BWL VI	summer	Deutsch	No	Yes
02-BWL:MSc-AB7-3	Auditing & Consulting	BWL VII	summer	Deutsch	No	Yes
02-BWL:MSc-AB7-6	Spezialfragen des Financial Accounting & Auditing : Einzelabschluss	BWL VII	summer	Deutsch	No	Yes
02-BWL:MSc-AB7-7	Spezialfragen des Financial Accounting & Auditing : Konzernabschluss	BWL VII	winter	Deutsch	No	Yes
02-BWL:MSc-AB7-8	Konzernberichterstattung & Sustainability Reporting	BWL VII	winter	Deutsch	No	Yes
02-BWL:MSc-AB7-9	Praxis der Wirtschaftsprüfung	BWL VII	winter	Deutsch	No	Yes
02-BWL:MSc-B8-2	Empirische Managementforschung	BWL VIII	winter	Deutsch	No	Yes
02-BWL:MSc-B8-4	Organization Theory and Design	BWL VIII	summer	Deutsch	No	Yes
02-BWL:MSc-B8-5	Advanced Exercises in Leadership and Human Resource Management	BWL VIII	irregular	Deutsch	No	Yes
02-BWL:MSc-B9-1	Systems Engineering	BWL IX	winter	Deutsch	No	Yes
02-BWL:MSc-B9-4	Digital Business	BWL IX	summer	Deutsch	No	Yes
02-BWL:MSc- B10–2	Creativity and Entrepreneurship	BWL X	irregular	Deutsch	No	Yes
02-BWL:MSc- B10-3	Entrepreneurial Mindset in Different Contexts	BWL X	winter	English	No	Yes
02-BWL:MSc- B10-4	Data-Driven Innovation	BWL X	summer	English	No	Yes
02-BWL:MSc-TB13-1	Internationale Unternehmensbesteuerung und Steuerstrukturierung	Dekanat	summer	Deutsch	No	Yes
02-BWL:MSc-TB13-2	Besteuerung von Personen- und Kapitalgesellschaften	Dekanat	winter	Deutsch	No	Yes
02-BWL:MSc-TB13-3	02-BWL:MSc- Seminar-1	Dekanat	summer	Deutsch	No	Yes
02-BWL:MSc- Seminar-1	Betriebswirtschaftliches Seminar 1	All BWL professorships	winter/summer	Deutsch/English	No	Yes
02-BWL:MSc-#- Extra#	Vertiefungen ausgewählter Bereiche der Betriebswirtschaftslehre	All BWL professorships	winter/summer	Deutsch/English	No	Yes
02-BWL/VWL:MSc- B11-1	Text Mining	BWL XI	winter	English	No	Yes
02- BWL/VWL:MSc- B11-2	Applied AI	BWL XI	irregular	English	No	Yes
02- VWL/BWL:MSc- St-2	Time Series Econometrics and Computer Based Methods	VWL VII	winter	English	No	Yes
02-VWL/BWL:MSc-V9-1	Economics of Digitalisation	VWL IX	summer	English	No	Yes
02-VWL/BWL:MSc-V10-1	Cause and Effect: Topics in Empirical Economics of Education, Labor, and Health	VWL X	summer	English	No	Yes

Open Studies (12 CP)

The open studies comprises a total of 12 ECTS.

In the Open Studies, students can choose modules from the list of Open studies.
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 the list below) such as Gender & Diversity or Business English can be taken.

Elective modules in Open Studies

Module Code	Module Title	Chair	Semester	Language	Eligible in Major	Eligible in Minor
02-Q:MSc- Englisch-2	Business Ethics	Managerial English	winter	English	No	Yes
02-Q:MSc- Englisch-3	Rhetoric for Managers	Managerial English	summer	English	No	Yes
02-Q:MSc-Proj-1	Wirtschaftswissenschaftliches Projekt 1	All professorships	winter/summer	Deutsch/English	No	Yes
02-Q:MSc-EGRPraktikum	Internship (EGR)	Dekanat	winter/summer	Deutsch/English	No	Yes
02-Q:MSc-#- Extra#	Vertiefungen ausgewählter Querschnittsbereiche der Wirtschaftswissenschaften	All professorships	winter/summer	Deutsch/English	No	Yes

Master's Thesis (18 CP)

The Thesis module comprises 18 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 one 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 105 days 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 CP)

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.

Exemplary Study Plans

An examplary study plan entirely in English:

An examplary study plan in English and German:

Modules

Our modules are delivered by various professorships, with each module typically awarding 6 ECTS.
You can find all available modules in our electronic course catalog (elektronisches Vorlesungsverzeichnis (eVV))
Regular and Advanced Modules: Alongside our standard modules, we also provide advanced modules, identified by the "extra" label in the module code. Details of these advanced modules can be found in eVV under the sections "Advanced Topics in Business Administration, Economics, or Interdisciplinary Areas."

Academic Degree

The Faculty of Economics and Business Studies at Justus Liebig University Giessen (JLU) awards the degree of Master of Science (M.Sc.) in Economics of Global Risk upon successful completion of the program "Master of Science in Economics of Global Risk."

Application

To apply for the study programme, please go to the application portal

Further Information and support

Examination matters and regulations (in German)
Examination Regulations (translated in English): Special Regulations, Annex 1, Annex 3
Examination Office of FB 02
International Office

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