Specialization Modules

Goals and content

The elective modules for monetary economics provide basic and advanced knowledge in the areas of monetary theory and policy. Besides theoretical considerations the modules place particular emphasis on the discussion of practical topics. This enables students to establish a connection between theory and empirical evidence. 


Career opportunities

Since the elective modules cover both practical and academic areas, there are numerous career opportunities for graduate students. These include jobs at banks, insurance companies, industrial enterprises, government agencies, research institutes and the European System of Central Banks.


Module options

Bachelor students in Economics can choose the elective modules "Monetary Economics I (lecture on monetary policy)" and "Topics in Economics I-II (old PO: I-III)". Successful participants can receive 6 credit points for each of the elective courses. Bachelor students in Business Administration can choose the courses "Monetary Economics I" and "Topics in Economics I-II (old PO: I-III)" as elective specialization modules in economics (6 credits). Please pay attention to the different module numbers according to the examination regulations.

For Master students in economics, we offer the elective modules "Specialization in Economics 1-6": Seminar Advanced Monetary Theory and Policy, "Specialization in Economics 1-6": An Introduction to Time Series Forecasting in Economics (also for PhD students), "Practical Course in Research": Empirical Aspects of Monetary Economics (6 credits each). Master students in Business Administration are also free to choose these as a minor modules in Economics.


Overview of the modules


Module Monetary Economics I
     (Module number PO 2022/23: WPV 6, PO 2020/21: VWL 12)
     (6 credits)

Module Topics in Economics I-II
     (Module number PO 2022/23: VWL 13/14) (6 credits)
     (PO WS 2020/21: Topics in Economics I-III, Module number VWL 31-33)
     (6 credit


Module Specialization in Economics 1-6:
     Seminar Advanced Monetary Theory and Policy
     (Module number VWL MWP 28-33)
     (6 credits)

Module Specialization in Economics 1-6:
      Seminar Economics
      (Module number VWL MWP 28-33)
      (6 credits)

Practical Course in Research:
      Empirical Aspects of Monetary Economics”
      (Module number VWL MWP20)
      (6 credits)

For further queries, please contact Lars Kranzmann.