Master in Economics | Models and Methods of Quantitative Economics » Study programme
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Erasmus Mundus Joint Master degree QEM: Models and Methods of Quantitative Economics

The Erasmus Mundus Joint Master Degree QEM (EMJMD): Models and Methods of Quantitative Economics is a Master's programme with a duration of two academic years (120 ECTS credits). It is expected that the student carries out their entire course work attending at least two universities of the QEM Consortium.The mobility track and a joint curriculum are defined and fixed for each accepted candidate during the admission process.


The first year focuses on core courses including Microeconomics, Macroeconomics, Econometrics and Mathematics (Probability, Statistics and Optimization). For the academic year 2017-2018, the first semester is organized in Germany at Bielefeld, while for the academic year 2018-2019, it will be organized in Paris, France. To facilitate student mobility during the second semester, the universities offer almost identical courses. You can see  a detailed first year QEM programme.


The second year focuses on specialization and is spent in one of the four consortium universities. There are several areas of specialization on offer, such as:


  • Microeconomics
  • Macroeconomics
  • International Economics
  • Finance
  • Econometrics
  • Mathematical Economics
  • Game Theory
  • Behavioral Economics
  • Experimental Economics
  • Public Economics
  • Political Economy
  • Insurance
  • Finance


These are areas of study which are emergent, rapidly evolving, and of growing impact upon society, there is much demand for specialized competencies in these fields. This list is subject to change. For a detailed second year programme, see here.


Programme Information

Credits: Courses are structured according to the European Credit Transfer and Accumulation System (ECTS). Students accumulate 120 ECTS credits over the two years. More information can be found Opens internal link in current windowhere.


Language: All scientific courses are taught through English. Additionally, in each university, students shall also take classes in the local language and culture of the host European country. More information can be found Opens internal link in current windowhere.


Master's Dissertation: Students spend most of the third and final semester preparing a Master's Dissertation under the joint supervision of the two consortium universities they studied at.


Degree: Upon successfully completing the programme, students are awarded a QEM Joint Degree entitled "Models and Methods of Quantitative Economics", which is officially recognised as a master's degree in each university and country of the consortium, with the same rights and duties as their national degree. For a list of the national degrees, see here.