Due to its size, the department is able to cover economics in its entirety, with a focus on applied and policy-related subspecialities of economics. The department also attaches particular importance to strong methodological training in empirical economic research. Students receive extensive support in the two focus seminars, which are carried out in small groups (approx. 20 participants). Members of faculty have received various prizes for good teaching for their dedication to teaching.

The Master’s program provides students with in-depth knowledge of the theories, models, and methods of the discipline and introduces them to the current state of research. A particular focus is placed on empirical economic research, enabling students to analyse complex economic data and formulate well-founded economic policy recommendations. The coursework includes two seminars in which students engage in an intensive study of a specific topic. This is followed by a Master thesis that lasts for a full semester and is a first piece of independent research.

Thanks to our Faculty’s international partnerships, students can spend a semester/year abroad at one of the excellent partner universities in Europe or the USA. Our English-language Master's programmes with around a quarter of foreign students and the internationally oriented doctoral programme of the Munich Graduate School of Economics are also an integral part of the faculty's international orientation. All teaching staff have international experience and contacts,; which make it easier for students to spend time abroad.

KU Leuven (Leuven, Belgien); Kobenhavns Universitet (Kopenhagen, Dänemark); Universite Paris-Saclay (Paris, Frankreich); Universita degli Studi di Padova (Padua, Italien); Maastricht University (Maastricht, Niederlande); Universitet Oslo (Oslo, Norwegen); Stockholms Universitet (Stockholm, Schweden); Universidad Carlos III (Madrid, Spanien); University of Warwick (Warwick, UK); University of California, Berkeley (Berkeley, USA)

The technical facilities are very good. Each student has the opportunity to take advantage of the varied courses. For the advanced courses, training in empirical work generally takes place on a computer. Students have access to the Economics & Business Data Centre (EBDC) (joint platform for databases at economics faculties at the LMU and ifo Institute), to the DICE database (Database for Institutional Comparisons in Europe) at the ifo Institute as well as the Faculty’s database “Datastream – Macroeconomic Analysis”.

The Economics Faculty of the LMU Munich is a worldwide recognised teaching and research unit. Its profile is characterised by a strong theoretical foundation, a clear application focus and the emphasis on empirical analysis in the form of experimental and econometric research. The entire spectrum of the subject is covered in teaching in both the Bachelor's and Master's degree courses. The faculty is among the very best in Germany and Europe. It serves as the spokesperson department for one of the few collaborative research areas in Economics.

The faculty does not only score top positions in various research rankings. The high standard of education provided can be seen repeatedly in the Wirtschaftswoche rankings. HR managers from a range of large companies (and corporations with over 1,000 employees) and small companies (10 or more employees) name the Economics degree at LMU as a TOP educator: Human resource managers prefer to hire our graduates.