Economics (BA) (Two Subjects)
Study programme: Economics
Degree: Bachelor of Arts (BA) (Two Subjects)
Standard period of study: 6 semesters
Start: every winter semester (October 1st)
Language of the programme: German
- 1st subject semester: limited admission (application to the University)
- 2nd to 6th subject semester: open admission (enrolment without previous application)
- International applicants (non-EU): limited admission (application to International Student Services)
The internationalization of the economy and the transnational fragmentation of the value-added chain lead to an increasing interconnection between companies. This raises the demand for qualified graduates who are able to think and act globally. A sound knowledge of the integration of national economies, the decision making-process in households and firms and the complex nature of the globalization process is a necessary prerequisite for a successful career entry in many professional fields. The B.A. degree offers also the possibility to apply for a master programme with the main focus on the internationalization of the economy.
The main objective of this degree programme is to gain solid expertise and, on the other hand, to apply basic quantitative methods to current economic problems. Besides solid knowledge in economics students will acquire further knowledge in related fields by choosing from a variety of courses offered by the Faculty of Business and Economics.
In order to reach the aims of the study programme, the theoretical foundations of economics are linked with empirical methods to analyse current economic problems developed and less developed countries are facing today. That way, students will acquire academic qualifications as well as professional capacities. The study programme is focused on the imparting of current developments in economic theory and on the imparting of modern professional skills.
The course is finished when a total of 180 credits have been earned. These credits have to be acquired in the following fields:
- Economics (66 credits)
- Second subject (66 credits)
- Professional skills/ studies = 18 credits in key competencies + 18 optional credits
- Bachelor's thesis (12 credits)
There are only four compulsory modules in the subject of economics: Microeconomics I and II (budget theory, business theory and market theory including various market forms, analysis of strategic behaviour), Macroeconomics I and II (macroeconomic interdependencies, foreign economic impacts on macroeconomic targets). These compulsory modules form the subject-related and methodological basis for a specialization within the bachelor's programme in economics.
Depending on the student's area of interest, the second major subject and the desired profiles built can thereby be aligned into an individualized curriculum. Two profiles can be selected for an economics major: For the specialised profile, further modules can be selected from the field of economics. Students who select this profile can follow-up with a master's degree programme in economics.
In terms of their job-related profile, students can acquire skills and knowledge that prepare them for entry into a career directly after earning their bachelor degree. This profile offers fundamental modules from the field of business administration and business information systems, such as accounting, bookkeeping and information systems.
Studies in economics as part of the two-subject bachelor can be individually combined with one of more than 30 major subjects, except for those forming part of a teacher education programme. Recommended supplementary subjects particularly include the fields of social sciences, linguistics and cultural studies, for example: Sociology, Political Science, Law, Modern Indian Studies, East Asian Studies or Economic and Social History.
Students who wish to study economics in a two-subject bachelor programme should have good knowledge in mathematics and English. International students should also have good knowledge in German. If students have deficits in mathematics it is highly recommended that they attend the precourse in mathematics which is offered by the Faculty of Business and Economics at the start of the programme.
Graduates have entry into a variety of professional fields. During their studies graduates have acquired knowledge and key competences that are the foundations for a successful career in companies, associations, public chambers and organizations. Potential career opportunities are for example:
- Specialist for international trade problems in industrial enterprises, banks, insurance companies or consulting firms
- Specialist with knowledge and experience in the empirical economic research for associations or big enterprises
- Specialist for micro- and macroeconomic problems of the financial sector in banks, insurance companies, industrial enterprises or associations.
If students have taken a second subject in the fields of cultural or social sciences, career opportunities in governmental or non-governmental international organizations are open to them. Beyond that, successful graduates have the possibility to continue with consecutive master's programmes in International Economics, in Development Economics, in Taxation, in History of Global Markets and in Applied Statistics.