The Department of Economics at the LMU is one of the most renowned economic departments within Germany. It ranks among the top three Economic departments in Germany according to the last Handelsblatt ranking and has established a very good reputation worldwide as well.
The profile of the Department is characterized by theoretical foundation, clear application-orientation and a strong emphasis of empirical analysis in experimental and econometric research; application-oriented top-tier research is the unifying element. The faculty consists of 16 full professors who operate at the research frontier in a broad range of fields from microeconomic theory and experiments to international trade and public economics − the Department of Economics at the LMU is not only one of the best, but also one of the most dynamic faculties.
Its outstanding performance in educating young researchers within the Munich Graduate School of Economics (MGSE) has recently lead to the awarding of two new graduate programs, the program “Microeconomic Determinants of Labor Productivity” granted by the German Research Foundation (DFG) and the program “Evidence-based Economics” fostered by the elite network Bavaria.
Further, the department provides excellent teaching and studying conditions in its Bachelor and Master programs, an instance recently honoured by the Bavarian State Ministry of Science, Research and the Arts, which awarded Prof. Martin Kocher with the “Excellent teaching award” .