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Economic Policy and Quantitative Methods (EPQM) | Master

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Photo: Matthias Friel

The Master in Economic Policy and Quantitative Methods (EPQM) is a four-semester English-language program that equips students with specialized knowledge in quantitative methods for evidence-based economic policy analysis. Based on a strong theoretical foundation, the program focuses on two core branches, one in economic policy and one in quantitative methods which enables students to empirically assess economic policy. Students will profit from the department’s great staff-to-student ratios, its fruitful exchange with external research institutions (DIW Berlin, PIK, MCC) and opportunities from the accompanying internship program through the Center for Economic Policy Analysis (CEPA).

THE PROGRAM AT A GLANCE
NameEconomic Policy and Quantitative Methods (EPQM)
DegreeMaster of Science
Standard period of study4 semesters
Credit points120
Language of instructionEnglish
Start of study (1st semester)Winter semester (October)
CampusGriebnitzsee
Application deadlineCheck here
Picture of Prof. Caliendo

Prof. Dr. Marco Caliendo, Initiator of the program

„This research-oriented Master program combines intensive training in quantitative methods with the acquisition of hands-on knowledge in economic policy analysis. Students also benefit from a range of courses that address current research in the field of economic policy.“

Program Content

The master’s degree program in Economic Policy and Quantitative Methods addresses current economic and socio-political topics related to labour markets, inequality, human behaviour, economic growth and sustainability and discusses instruments of economic policy to tackle these issues. An effective policy design in these areas should be based on rigorous theory and sound empirical evidence.

The program offers students the opportunity to develop specialized knowledge and skills in the economic analysis of policy instruments which are essential for evidence-based policy making. Besides a strong theoretical core in economics, the program has a particular focus on methods for quantitative empirical analysis, which can be applied to different economic policy topics at local, regional, national and international levels. Some courses also offer empirical/practical sessions in which students learn to use econometric and statistical software packages (Stata, R) to perform empirical analyses and to implement numerical methods. A command of these tools enables our students to write Master theses with genuine quantitative research results. Incorporating an internship module, the program offers the possibility to combine theoretical knowledge with practical experience in economic policy analysis and evidence-based policy making.

Course Objective and Future Career Options

Graduates of the M.Sc. in EPQM are well equipped to either pursue an academic career or an ambitious professional career. Students acquire knowledge about evidence-based policy analysis that is in demand in many fields. It prepares students for successful careers as professional economists and policy analysts in research, finance, business and policy advising as well as positions in the public sector or international institutions. The Master degree also paves the way for Ph.D. studies and an academic career. Students can participate in selected Ph.D. classes already at early stages.

Picture of Prof. Caliendo

Prof. Dr. Marco Caliendo, Initiator of the program

„This research-oriented Master program combines intensive training in quantitative methods with the acquisition of hands-on knowledge in economic policy analysis. Students also benefit from a range of courses that address current research in the field of economic policy.“

Picture of Prof. Bruttel

Prof. Dr. Lisa Bruttel, Professor of Economics

„We offer our students excellent conditions in small groups with intensive support. Our teaching is close to current research and relevant economic policy issues.“

Prerequisites for Admission to the Master’s Program

The prerequisite for studying in a Master's programme is generally a first professional qualification degree, e.g. a Bachelor's degree. Students should have acquired this first degree in Economics or in a related discipline. This degree must fulfill the following prerequisites: standard period of study of at least 6 semesters (comprising at least 180 credit points) at least 60 credit points in economics (including at least 18 credit points in statistics, econometrics and mathematics). 

The program additionally requires proof of good proficiency in English corresponding at least to the C1 level of the Common European Framework of Reference for Languages. Non-German applicants must also demonstrate sufficient German language proficiency corresponding to the level DSH 1.

You can read more about the subject-specific admission requirements in the respective Admission Regulations.

Program Structure

Students will earn a total of 120 credit points (CP) in four semesters: 

  • 1st sem.: Adv. Microeconomics, Adv. Macroeconomics, Adv. Microeconometrics (27 CP)
  • 2nd sem.: Economic Policy (18 CP), Quantitative Methods (12 CP)
  • 3rd sem.: Economic Policy (12 CP), Quantitative Methods (12 CP), Electives (6 CP)
  • 4th sem.: Electives (12 CP), Master Thesis (21 CP)

Electives can be used to further specialize in Economic Policy/Quantitative Methods and/or for the internship/ internationalisation modules. See below for a summary of structure and potential topics. 

For additional information on specific modules, please consult the subject-specific Degree Regulations or the Departmental Advisory Office.

Picture of Prof. Bruttel

Prof. Dr. Lisa Bruttel, Professor of Economics

„We offer our students excellent conditions in small groups with intensive support. Our teaching is close to current research and relevant economic policy issues.“

CONTENT AND CREDIT POINTS (CP)

Modules

Credit points

A. Basis Courses
All modules (worth 9 CP each) must be completed.

  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Advanced Microeconometrics
 
27 CP
B. Specialization
Students must complete 54 CP of Specialization Modules. Students choose 30 CP of Economic Policy Modules and 24 CP of Quantitative Methods Modules.
54 CP

B.1 Economic Policy Modules

  • Political Economics I/II: Methods / Applications
  • Urban Economics I/II: Methods / Applications
  • Growth and Distribution I/II: Theory / Applications & Empirics
  • Economic Policy
  • Advanced Economic Policy II: Theory / Applications
  • Behavioural Economics
  • Recent Topics in Economic Policy I (e.g. Environmental Economics, Economics of Climate Change, Entrepreneurship)
  • Recent Topics in Economic Policy II (e.g. Gender Economics, Economic Development, Innovation Economics) 
  • Seminar in Economic Policy
 
30 CP

B.2 Quantitative Methods Modules

  • Policy Evaluation I/II: Methods*/Applications*
  • Econometric Methods and Applications I/II (e.g. Time Series Analysis, Panel Data Econometrics, Machine Learning) 
  • Quantitative Methods I/II (e.g. Dynamic Optimization, Experimental Methods, Bayesian Methods)
  • Seminar in (Applied) Quantitative Methods
*joint Master/Ph.D. course with the Berlin School of Economics (for further details see: BDPEMS)
24 CP
C. Electives

Students must complete modules of 18 CP. The modules can be selected from the following modules and the modules from area B. Specialization. Modules that have already been completed cannot be re-occupied. A maximum of 12 CP can be acquired through an internship.

  • Advanced Economic Studies I/II/III
  • Internship I/II/III
  • Internationalization Module
 
18 CP
D. Master’s Thesis and Research Colloquium21 CP

Research Colloquium

Master's Thesis

3 CP

18 CP

Total120  CP

Consultation & Contact

Examining Board Director and Head of the Program
Prof. Dr. Marco Caliendo
Phone: +49 331 977-3225
E-mail: econ-masteruni-potsdamde

Study Organization & Examination Administration Economics
Bettina Frenz
Phone: +49 331 977-3262
E-mail: econ-masteruni-potsdamde

Student Advisor Economics  
Prof. Dr. Lisa Bruttel
Phone: +49 331 977-4543
E-mail: studium-vwluni-potsdamde

Advantages at a Glance

With its proximity to national institutions of economic policy making in Berlin and regional institutions in the state capital of Brandenburg, Potsdam is a perfect location to study economic policy issues. Students will profit from: 

  • the department’s excellent staff-to-student ratios
  • a wide variety of courses that offer great possibilities to specialize in Economic Policy or Quantitative Methods 
  • our close cooperation with leading research institutes (DIW, PIK, MCC) and the associated internship program
  • the possibility to participate in selected Ph.D. classes of the Berlin School of Economics (BSE) at early stages 
  • workshops and policy events of our Center for Economic Policy Analysis (CEPA)
  • close interaction with faculty members and guests in the weekly research seminar (PRSE
  • international orientation and the possibility to study abroad (Erasmus, partner universities, etc.). 

A limited number of research assistant (RA) positions are available for talented students. Contract options range from six to 12 hours per week (monthly salary: 320 to 640 EUR).

The University of Potsdam takes into account the actual living conditions of its students and has introduced the possibility of part-time study for many degree programs. This also pertains to the Economic Policy and Quantitative Methods program. To learn more, and to find a list of subjects appropriate for Part-Time Study, please see part-time study at the University of Potsdam.

Application

Have you decided to study the English-language master’s degree in Economic Policy and Quantitative Methods (EPQM) at the University of Potsdam? Then you should take the next step on the  application pages to find out more about current application and enrollment procedures.

Consultation & Contact

Examining Board Director and Head of the Program
Prof. Dr. Marco Caliendo
Phone: +49 331 977-3225
E-mail: econ-masteruni-potsdamde

Study Organization & Examination Administration Economics
Bettina Frenz
Phone: +49 331 977-3262
E-mail: econ-masteruni-potsdamde

Student Advisor Economics  
Prof. Dr. Lisa Bruttel
Phone: +49 331 977-4543
E-mail: studium-vwluni-potsdamde

This description is based in part on information from the subject-specific regulations for a master’s degree in Economic Policy and Quantitative Methods at the University of Potsdam dated February 26, 2020 (AmBek No. 7/20, p. 279).