Master: Entrepreneurial Economics

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  • Course description
    Entrepreneurial Economics (M.Sc.) -  Master of Science Program in Berlin, Germany
    • Start: October / March
    • Location: Berlin Course duration: 4 semesters (full-time)
    • Degree: Master of Science
    • Language: English
    • Tuition fees: For EU Applicants: 999€ per month (24 months) Total = 23,976 € For Non-EU Applicants: 1,099€ per month (24 months) Total = 26,376€
    "It is high time to rethink dominant maths-based economics. Economics is not a natural science. It primarily concerns human action and social organization. The market is an entrepreneurial process and Austrian economics is entrepreneurial economics. The BiTS study programmes offer an insight into this philosophical approach." Jürgen Stark, Former Chief Economist of the European Central Bank (ECB).

    This new master’s program combines high-level economics with application-oriented courses in business and finance. Economics is thereby taught based on the foundations of the Austrian School. Entrepreneurial Economics is the first English-taught master’s program in Europe that is solidly rooted in the Austrian tradition. However, besides the Austrian focus this program also committed to methodological pluralism, since all relevant schools of thought are included in the curriculum.
    Austrian economics, by its very nature, is entrepreneurial economics. No other school of thought investigates markets under the paradigm of human action and constant change. Combining classes in business and Austrian economics is thus a natural step. Together, they build a first-class education portfolio that teaches theoretical understanding, entrepreneurial thinking and independent decision making. These skills, in combination with the general analytical competence that this program conveys, lay the foundation for many promising career paths.

    • Online application
    • Completed Bachelor’s degree (or equivalent) with
      • a final grade of “Good” (GPA: 2.5) or better (alternatively, a letter of recommendation from your previous university)
      • a focus on economics, mathematics, or philosophy within your previous studies (alternatively, you may attend preliminary courses)
    • Good English language skills (at least level B2)
    • Interview in English
    Our principles:

    BiTS offers individual, tailor-made programs and supports your personal growth. Ultimately, our aim is not only to educate you, but to also give you the opportunity and scope to develop a strong personality. To achieve this, we follow four principles in everything we do: the command of trust, the experience of success, practical learning, and thinking along international lines.

    What does this mean?

    We want our students to command trust and experience success, both their own and that of others. Because we believe your studies should be directly related to the requirements of your future job, BiTS facilitates practical learning. This also means that, in a world that is becoming increasingly globalized, you will think beyond cultural and language boundaries, and along international lines. BiTS offers an informal environment in which you can study and perform to your best.

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