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15 Free Master’s in Economics in Europe

Updated on April 26, 2017

An Economics degree is one of the most lucrative degrees in the world today. It opens a lot of avenues and can help one find jobs in different sectors. Economic graduates can easily find jobs in the civil service, industry, and education.

The cost of getting a masters degree in economics is quite on the high side and can deter a lot of potential applicants. However, there are tuition free universities in European countries like Germany and Norway that offer high-quality masters degrees in Economics, in English, with no tuition fees to international students. International students can study for free and also get the opportunity to travel around Europe, learn a new language, and make some lifelong friends. It's amazing that this free education is extended even to non-EU students.

15) Norwegian University of Life Sciences---Master of Science in Economics

A study at NMBU School of Economics and Business will give you skills in economic analysis and deeper insights into how the economy works. You get extensive training in economic theory and analysis, in accordance with national and international standards. Economists are in high demand in government ministries and agencies, in private businesses, and in various organisations and work in relation to environmental policy, energy systems, development aid, enterprise development, trade policy, economic policy, etc.

You can find all the details about applying to the programme here.

14) NHH - Norwegian School of Economics---Master in Economics

The Master in Economics (ECN) is one of the specialisations within the two-year MSc programme in Economics and Business Administration at NHH. After finishing the programme you will be awarded the title MSc in Economics and Business Administration. The ECN programme is intended to equip students with solid analytical skills to analyse economic questions relevant for private business, public institutions, and international organisations.

You can find all the details about applying to the programme here.

13) University of Tromso the Arctic University of Norway---Economics - master

How are resources used in society, and how should they be used? This is the big issue in economics. The Master's Degree program in Economics provides a deeper understanding of theoretical and applied economic analysis, methodology and empirical research. Students will have the opportunity to work independently through self-study and assignments.

You can find all the details about applying to the programme here.

12) University of Oslo---Economics (master's two years)

The two-year master’s degree programme in Economics is a full-time programme, with three different programme options, that provides rigorous training in modern economics. Covering a broad range of topics from micro- and macroeconomics, methodology and demography. By choosing this programme you will get the opportunity to take courses taught by some of Norway’s leading economists and be part of an academic environment that prides itself on being on the forefront of economic research.

You can find all the details about applying to the programme here.

11) Universität Hamburg---Master of Science in Economics

Today's economists face globally competitive and increasingly complex environments. Universität Hamburg's "Master of Science in Economics" (MSc) programme responds effectively to these developments. It provides thorough and rigorous training in modern economic theories and techniques. It attaches great importance to quantitative skills and emphasises state-of-the-art methods of empirical research. It encourages applied work and relates it to policy. The acquired tools and research skills prepare students for real-world economic situations and challenges.

You can find all the details about applying to the programme here.

10) Ludwig Maximilians University Munich---Master of Science in Economics

The Master's programme provides students with analytical and logical problem-solving skills as well as a deepening of their knowledge in economics, bringing them to the frontiers of current research. Master's students are trained for a demanding, international professional career, and/or for an academic career in high-level economic research. From a widely structured course catalogue, students can choose between an application-oriented (applied economics) and a research-oriented (economic research) course of study.

You can find all the details about applying to the programme here.

9) Friedrich-Schiller-University of Jena---Master of Science in Economics

The Master of Science in Economics teaches students the skills needed to thoroughly analyse economic issues and problems, understand and apply the relevant academic theory, and use the correct formal and empirical methods. This in turn will allow them to find creative approaches to problem-solving and predict the political and social consequences of economic activity.

You can find all the details about applying to the programme here.

8) University of Bayreuth---Master of Science (MSc) in Economics

The Master's programme in Economics provides students with knowledge of up-to-date economic methods and their application at a high theoretical level. The programme is targeted at students with an interest in obtaining advanced analytical and quantitative training.

You can find all the details about applying to the programme here.

7) Berlin School of Economics and Law---Master in International Economics

The Master in International Economics provides students with a critical understanding of current debates in economics explicitly including heterodox approaches. The programme has a strongly international approach and aims to integrate an understanding of theoretical controversies, historical developments and contemporary policy disputes. It follows an interdisciplinary perspective reflecting the importance that social and political institutions play in shaping economic developments.

You can find all the details about applying to the programme here.

6) University of Cologne---Economics - Master of Science

In the M.Sc. Economics, students profit from the theory- and methods oriented approach of the WiSo-faculty of the University of Cologne that combines research and teaching with practice. Graduates find possible fields of employment in specifically economic dominated areas of public institutions like ministries, central banks, agencies, and public authorities (like antitrust divisions or regulatory authorities), European institutions (like the European Commission) or international institutions (like the OECD, IWF or World Bank).

You can find all the details about applying to the programme here.

5) Trier University---Master of Science in Economics

The Department of Economics at Trier University offers an international and interdisciplinary two-year Master's programme in Economics. It is designed for students who are interested in gaining a broader perspective on economics. The programme has a special focus on the European context. The programme combines application and research oriented courses and has a special emphasis on empirical methods.

You can find all the details about applying to the programme here.

4) Ruhr University Bochum---Master of Science in Economics

The Master of Science (MSc) in Economics at Ruhr-Universität Bochum (RUB) is an accredited two-year Master's degree programme taught in English that provides students with thorough knowledge of modern economic theories, concepts, and techniques. While RUB's Department of Economics has a firm commitment to economic theory, the main focus is on applied economics and economic policy analysis. The programme is designed to enable students to identify the economic content of a problem, develop hypotheses, apply appropriate analytical tools and models, and develop policy alternatives.

You can find all the details about applying to the programme here.

3) FAU Erlangen-Nürnberg---Master of Science in Economics

This Master's degree programme in economics allows students both to gain a professional qualification and to prepare for a possible doctoral degree. In the first stage of this programme, students take the Master's courses. In the second stage, graduates with excellent grades can progress directly to their doctoral studies and obtain a PhD.

You can find all the details about applying to the programme here.

2) University of Bonn---Master of Science in Economics

The Master's programme in Economics prepares students for challenging jobs in economics and provides students with the skills needed to succeed in an increasingly international job market. It also serves as an excellent preparation for a PhD programme meeting the highest international standards.
The programme provides students with a solid background in quantitative methods and economic theory. It provides students with a thorough understanding of the principles of economic theory and its applications in various fields.

You can find all the details about applying to the programme here.

1) Kiel University---Master of Science in Economics

The Master's programme in Economics at Kiel University imparts methodical skills related to various fields of economics and a broad, sound and critical knowledge of microeconomics, macroeconomics and econometrics, plus a command of various sectors of applied economics. The main objective of the Master's course is to enable graduates to discuss and interpret the essential concepts and methods used in the economic sciences, evaluate the main research methods employed in the field, draw upon the knowledge they have acquired to deal independently with complex situations, and develop and implement ideas of their own.

You can find all the details about applying to the programme here.

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    • charlesnuamah profile image
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      CK Amoabeng 7 months ago from Germany

      Hello Salman,

      Most universities would not accept anything below the minimum IELTS requirement. However, you can contact the course coordinator and enquire if it's possible to get accepted with your IELTS score of 6. There is no harm in trying.

      If it doesn't work, I will highly recommend that you retake IELTS since most master's program in Germany and Europe as a whole require a minimum IELTS score of 6.5. I believe with the right preparation and hard work, you can easily make at least 6.5. All the best.

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      salman javed 7 months ago

      should i apply in those uni where they demand 6.5 ielts but i have 6 band