Master's Electives

New academic regulations for the The Masters Degree Programme in Economics and Management will take effect from September 1st 2020. In the new regulations the specialisation in Economics and the specialisation in Management are closed for enrollment. In the new regulations the students are no longer required to take courses at a certain level (4xxx, 5xxx or 6xxx). In the new regulations for students enrolled from Autumn 2020 the Study Programme must contain 3 of the following 13 courses:

4325: Accounting for Decision and Control – Autumn Course
4105: Theories of the Firm – Autumn Course
4407: Labour Economics – Autumn Course
4425: Micro 2 – Autumn Course
4505: Macro 2 – Autumn Course
4394: Financial Econometrics – Autumn Course
4615: Microeconometrics – Autumn Course
4616: Time Series Econometrics – Autumn Course
5360: Financial Engineering – Autumn Course – will be offered for the first time in Autumn 2021

5361: Macro Finance – Spring course
5362: Empirical Asset Pricing – Spring course
4542: Monetary Economics – Spring course
4118: Business Data Analysis – Spring course 

In the list of courses for the semester the courses are called core courses.

Some intensive courses are in August. See “August Courses” for further information.

Please refer to the AU course catalogue for the full curriculum.

Course clusters
When considering which elective courses you wish to attend, please pay attention to the principles used for the time tables to avoid overlapping courses.


Teaching Coordinators

Each teaching group has a teaching coordinator: 

Teaching Group  Teaching Coordinator  
Economics of Business  Ann-Kristina Løkke Møller  
Accounting  Finn Schøler  
Finance  Malene Kallestrup-Lamb  
Economics (micro and macro)  Allan Sørensen  
EconometricsMorten Berg Jensen

Curriculum - Autumn 2020

Please refer to the AU course catalogue for the full curriculum.

Economics of Business 
Teaching Group

4247: International Management (10 ECTS)

Accounting

4325: Accounting for Decision and Control (10 ECTS) – Core course

Finance
Course structure in Finance (latest update: February 2020)

4345: Asset Pricing (10 ECTS) – joint lecturers with cand.merc.
4346: Corporate Finance (10 ECTS) – joint lecturers with cand.merc.
6340: Advanced Asset Pricing (10 ECTS)
6360: Advanced Corporate Finance (10 ECTS) - COURSE CANCELLED AUTUMN 2020
6365: Advanced Corporate Finance(5 ECTS)  - COURSE CANCELLED AUTUMN 2020

Economics
Micro
4105: Theories of the Firm (10 ECTS) – Core course
4407: Labour Economics (10 ECTS) – Core course
4425: Micro 2 (10 ECTS) – Core course
4428: Politics and Economics of the EU (10 ECTS)
5102: Economics of Marketing (10 ECTS)
5418: Health Economics (10 ECTS)
5440: Environmental Economics (P) (10 ECTS)
5450: Political Economy (10 ECTS)

Macro
4505: Macro 2 (10 ECTS) – Core course
4518: The Economics of the Welfare State (10 ECTS)
5522: International Economics (10 ECTS)
5524: Economic Growth and the Environment (10 ECTS)
6551: Advanced Macroeconomics (10 ECTS)

Econometrics
4394: Financial Econometrics (10 ECTS) – Core course
4615: Microeconometrics (10 ECTS) – Core course
4616: Time Series Econometrics (10 ECTS) – Core course
4645: Machine Learning Methods in Empirical Economics (10 ECTS)
5347: High Frequency Econometrics (P) (10 ECTS)
5637: Appl. Micro Econometrics (P) (10 ECTS)
6954: Mathematical Analysis (10 ECTS)    

Curriculum - Spring 2020

Please refer to the AU course catalogue for the full curriculum.

Economics of Business 
Teaching Group

4227: Dynamics of Negotiations (10 ECTS)
5247: Transnational Management (P) (10 ECTS)

Accounting

5317: Advanced Financial Reporting (10 ECTS)

Finance
Course structure in Finance (latest update: February 2020)

No elective courses for spring 2020

Economics

Micro
4427: Economics of Competition and Regulation (10 ECTS)
5401: Empirical Human Ressource Management (10 ECTS)
5415: Micro and Macro Models of the Labor Market (P) (10 ECTS)
5425: Applied Public Policy (P) (10 ECTS)
6450: Advanced Microeconomic Theory (10 ECTS)
6454: Behavioural Consumer Theory (5 ECTS) (first part of 6450: Advanced Microeconomic Theory)

Macro
4542: Monetary Economics (10 ECTS)
4568: Housing Economics and Policy (10 ECTS) - CANCELLED
4569: Housing Markets and the Economy (10 ECTS) - CANCELLED
5523: The Economies of Pension and Demographics (P) (10 ECTS) - CANCELLED 23/10-2019

Econometrics
4118: Business Data Analysis (10 ECTS)
5620: Economic Forecasting (P) (10 ECTS)
6327: Advanced Financial Econometrics (10 ECTS)
6652: Advanced Econometrics (10 ECTS)    

Pre-approved courses

Please note that time table overlaps may occur between oecon and courses offered by other Study Boards.

Course enrolment for pre-approved courses at Mathematics-Economics and Statistics: 
Registration is via the student self-service facility in the normal registration period.

Course enrolment for pre-approved courses at cand.merc./MSc in Economics and Business Administration:
Please contact "Kandidatteamet"(kandidat.bss@au.dk) to apply for permission to enroll if you are enrolled in the Masters Study Degree Programme before 2019. There is no guarantee of a place. Registration is via the student self-service facility in the normal registration period for students enrolled on Masters Study Degree Programme from 2019 and later.

Pre-approved courses – Autumn 2020

Please find the course descriptions in the course catalogue.

Preapproved courses at Mathematics-Economics: 
Advanced Derivatives Modelling (P) (10 ECTS) (level: 6xxx)
Pricing and Hedging of Derivatives (10 ECTS)  (level: 6xxx)
Graph Theory 2 (10 ECTS) (level: 5xxx)

Preapproved courses at Statistics:

Monte Carlo Simulation (10 ECTS) (level: 6xxx)

Preapproved merc.-courses:
International Finance (10 ECTS) (Finance) (level: 5xxx)
Behavioural Corporate Finance (10 ECTS) (Finance) (level: 5xxx)
Mergers and Acquisitions – Project (10 ECTS) (Finance) (level: 5xxx)
Mergers and Acquisitions (5 ECTS) (Finance) (level: 5xxx)
Asset Allocation (5 ECTS) (Finance) (level: 5xxx)
Real Estate Finance and Investments (5 ECTS) (Finance) (level: 5xxx)
Financial Intermediation and FinTech (10 ECTS) (Finance) (level: 5xxx)

*Tools for Analytics (5 ECTS) (Econometrics) (level: 4xxx)

* The course will not appear on the selv service sollution STADS, because it overlaps with the course 3611: Programming in Quantitative Economics. Students who can apply for pre-approval, if 3611: Programming in Quantitative Economics not is a part of their study program in the same way, as they can apply for pre-approval of other courses. 

Pre-approved courses – Spring 2020

Please find the course descriptions in the course catalogue.

Preapproved courses at Mathematics-Economics:
Fixed Income Analysis (10 ECTS) (Finance) (level: 6xxx)
Advanced Convex Optimization (10 ECTS) (Econometrics) (level: 6xxx)
Metaheuristics for Combinatorial Optimization (10 ECTS) (Econometrics) (level: 6xxx)
Markov Decision Theory (10 ECTS) (Econometrics) (level: 6xxx)

Preapproved merc.-courses:

Organising and Leading Digitalisation (5 ECTS) (Economics of Business) (level: 4xxx)
Human Resource Management and Development (5 ECTS) (Economics of Business) (level: 4xxx)
Strategy and Business Development (10 ECTS) (Economics of Business) (level: 4xxx)
Business-to-Business Purchasing Management (10 ECTS) (Economics of Business) (level: 4xxx)
Accounting Information Systems (5 ECTS) (Accounting) (level: 4xxx)
Derivatives (10 ECTS) (Finance) (level: 4xxx)
Empirical Asset Pricing (10 ECTS) (Finance) (level: 5xxx)
Securities Markets (10 ECTS) (Finance) (level: 4xxx)
Empirical Corporate Finance (5 ECTS) (Finance) (level: 5xxx)
Corporate Valuation (10 ECTS) (Finance) (level: 5xxx)   

Academic regulations before 2020

New academic regulations for the The Masters Degree Programme in Economics and Management will take effect from September 1st 2020. If you are enrolled at Academic Regulations before 2020, the regulations might demand a specific amount of courses, which are either indicated as Economics Courses or Management Courses. Beneath is a list of the indication of the courses. Please note that your Academic Regulation also demands courses at a certain level (4xxx, 5xxx or 6xxx).

Economics Courses

4407: Labour Economics (Core Course)
4425: Micro 2 (Core Course)
4500: Macro 2 (Core Course)
4505: Macro 2 (Core Course)
4542: Monetary Economics (Core Course)
4615: Microeconometrics (Core Course)
4616: Time Series Econometrics (Core Course)

4427: Economics of Competition and Regulation
4428: Politics and Economics of the EU
4518: The Economics of the Welfare State
4542: Monetary Economics
4568: Housing Economics and Policy
4569: Housing Markets and the Macroeconomy
4645: Machine Learning Methods in Empirical Economics
5415: Micro and Macro Models of the Labor Market (P)
5418: Health Economics
5419: Behavioral Economics and Finance
5425: Applied Public Policy (P)
5440: Environmental Economics (P)
5450: Political Economy
5522: International Economics
5523: The Economics of Pension and Demographics (P)
5524: Economic Growth and the Environment
5620: Economic Forecasting (P)
5637: Applied Micro Econometrics (P)
6320: The Econometrics of Markets with Search Frictions
6448: Bounded Rationality and Market Interaction
6450: Advanced Microeconomic Theory
6454: Behavioural Consumer Theory
6455: Decision Theory
6551: Advanced Macroeconomics
6652: Advanced Econometrics
6954: Mathematical Analysis

Management Courses

4105: Theories of the Firm (Core Course)
4118: Business Data Analysis (Core Course)
4325: Accounting for Decision and Control (Core Course)
4394: Financial Econometrics (Core Course)
Derivatives (course at cand.merc.) (Core Course)

4201: Organizational Change and Development
4227: Dynamics of Negotiations
4247: International Management
4345: Asset Pricing
4346: Corporate Finance
5102: Economics of Marketing
5247: Transnational Management (P)
5255: Strategy and Management in Public and Public-Private Organisations (P)
5317: Advanced Financial Reporting
5347: High Frequency Econometrics (P)
5350: Building Accounting Research (P)
5370: Økonomisk ressourcetildeling i den offentlige sektor (P)
5401: Empirical Human Resource Management
6327: Advanced Financial Econometrics
6340: Advanced Asset Pricing
6350: Advanced Corporate Finance
6360: Advanced Corporate Finance (10 ECTS)
6365: Advanced Corporate Finance (5 ECTS)
Asset Pricing (course at cand.merc.)
Corporate Finance (course at cand.merc.) Kandidatuddannelsen

Only courses offered in 2019 og 2020 is on the list above. Contact your Study Counsellor if your course is not on the list.

Course numbers - how to read them

 Each course has a course number that informs you of the level and teaching group:

Course numbers

Level of course

Teaching group

1. digit = level of course

1: Bachelor, basic

0: Joint

2. digit = teaching group

2: Bachelor, high

1 & 2: Economics of Business

3. & 4. digit = serial number         

3: Bachelor, advanced

3: Accounting and Finance

 

4: Master, basic

4: Micro

 

5: Master, high

5: Macro

 

6: Master, advanced (PhD)         

6: Econometrics

 

 

8: Written / 9: Others