Providing in-depth skills in data analysis and decision making within complex economic settings
20 January 2022
Starting with the 2022/2023 winter semester, Johannes Gutenberg University Mainz (JGU) will be introducing the new Master's degree program "Quantitative Decision Making in Economics and Management" (QDEM). This English-language program will train its students to acquire, analyze, and interpret data in the context of business and management, using a broad toolkit of up-to-date quantitative approaches and to use the obtained results for decision making. Profound knowledge in the fields of data analysis and decision making will enable the QDEM graduates to gain new perspectives on complex economic interactions, meeting the rapidly growing demand for skilled professionals with comprehensive analytical skills and competencies in economics and management.
The international Master's program "Quantitative Decision Making in Economics and Management" is structured in three phases. In the core modules in the first semester, participants will gain basic methodological skills in mathematics, statistics, economic decision making, operations research, and programming. Furthermore, there will be an introduction to econometrics, to management science and business intelligence as well as to economic behavior and strategy. In the second and third semesters, program participants can choose thematic specializations. A wide range of modules dealing with the three fields specified above will be available for this purpose. The curriculum also includes a module in which participants will acquire basic skills in academic research and foster personal soft skills, before they are required to translate their gained knowledge into two project seminars. The Master's thesis should be prepared in the fourth semester of the program.
Graduates of the QDEM Master's degree program will be able to apply the knowledge and skills they have acquired in various fields of business and management at the intersection of data collection/analysis and decision making – in private companies, for example in the commercial world or as consultants, and in public institutions such as government ministries and organizations.