Courses - MSc in Economics

Your opportunities for course electives

Before you choose which courses you wish to follow, it is important that you familiarise yourself with the rules for course composition in your academic regulations. The requirements for the course composition are listed under the study diagram.
Make sure to pay attention to the courses here, if you are studying Public Policy.

As there are several elective course variants, you can choose between several options within your mobility window:

Core courses

If you are enrolled in the master's degree programme in Economics without specialisation, you must make sure that at least three of your elective courses are core courses. The master's degree programme in Economics offers the following 13 core courses:

Courses in the Autumn semester

4325: Accounting for Decision and Control
4105: Theories of the Firm 
4407: Labour Economics 
4425: Micro 2
4505: Macro 2 
4394: Financial Econometrics 
4615: Microeconometrics 
4616: Time Series Econometrics
5360: Financial Engineering


Courses in the Spring semester

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

Intensive courses in August 2022

5419: Behavioral Economics and Finance (10 ECTS)
6302: Economic Modeling and Inference (5 ECTS) - CANCELLED in August 2022

4805: Summer Topics in Economics (5 ECTS)
4810: Summer Topics in Economics (10 ECTS)

Registration

You register for August courses at the same time as the Autumn semester.

Reexamination

Deadline for registration for reexamination is on October 15.
You register by sending an email to kandidat.bss@au.dk. When you contact us via email, always use your AU-mail..

Curriculum - Autumn 2022

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

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

Finance

Course structure in Finance (latest update: March 2022)

4345: Asset Pricing (10 ECTS) – joint lessons with cand.merc.
4346: Corporate Finance (10 ECTS) – joint lessons with cand.merc.
5360: Financial Engineering (10 ECTS) – Core Course

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) - CANCELLED in Autumn 2022
5460: Development Microeconomics (P) (10 ECTS) - CANCELLED in Autumn 2022    

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)
5637: Appl. Micro Econometrics (P) (10 ECTS)
5646: Applied Time Series Econometrics (P) (10 ECTS)
6302: Economic Modeling and Inference (10 ECTS)
6954: Mathematical Analysis (10 ECTS)

Curriculum - Spring 2022

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

Accounting

No courses in this Teaching Group for Spring 2022

Finance
Course structure in Finance (latest update: November 2021)

4347: Derivatives (10 ECTS) (Joint lessons with Derivatives at cand.merc.)
5361: Macro Finance (10 ECTS)
5362: Empirical Asset Pricing (10 ECTS)
5363: Empirical Asset Pricing (P) (10 ECTS)

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)
5527: The Economics of Pension and Demographics (10 ECTS)

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

The pre-approved courses will be a part of the mobility window in the Study Programme. For further information see your Academic Regulations.    

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

Registration is via the student self-service facility in the normal registration period.

Pre-approved courses – Autumn 2022

Please find the course descriptions in the course catalogue.

Preapproved courses at Mathematics-Economics: 
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)
Real Estate Finance and Investments (5 ECTS) (Finance) (level: 5xxx)

Pre-approved courses – Spring 2022

Please find the course descriptions in the course catalogue.

Preapproved courses at Mathematics-Economics:
Fixed Income Analysis (10 ECTS) (level: 6xxx) (Management)
Advanced Convex Optimization (level: 6xxx) (Economics)
Markov Decision Theory (level: 6xxx) (Economics)
Metaheuristics for Combinatorial Optimization (level: 5xxx) (Economics)    

Preapproved merc.-courses:
Accounting Information Systems (5 ECTS) (level: 4xxx) (Management)
Organising and Leading Digitalisation (5 ECTS) (level: 4xxx) (Management)
Strategy (5 ECTS) (level: 4xxx) (Management)
Business-to-Business Purchasing Management (10 ECTS) (level: 4xxx) (Management)
Securities Markets (10 ECTS) (level: 4xxx) (Management)
Empirical Corporate Finance (5 ECTS) (level: 5xxx) (Management)
Corporate Valuation (10 ECTS) (level: 4xxx) (Management)
Financial Intermediation and FinTech (10 ECTS) (level: 5xxx) (Management)

Academic regulations until autumn 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
5460: Development Microeconomics (P)    
5522: International Economics
5523: The Economics of Pension and Demographics (P)
5524: Economic Growth and the Environment
5527: The Economics of Pension and Demographics    
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)
4347: Derivatives (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 Organizations (P)
5317: Advanced Financial Reporting
5347: High Frequency Econometrics (P)
5350: Building Accounting Research (P)
5360: Financial Engineering    
5361: Macro Finance
5362: Empirical Asset Pricing
5363: Empirical Asset Pricing (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.)

Only courses offered in 2019, 2020 and 2021 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