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Quick Facts

What is the master’s programme in Philosophy and Economics?

What do economic models do, and to which extent do they help or mislead us in our understanding of economic reality and our framing of economic policy? How can we make decisions when we know too little about possible consequences, or our future values? Is economic inequality really increasing and, if so, is this unjust and a cause for concern?

The interdisciplinary two-year master's programme in Philosophy & Economics at the University of Vienna enables you to answer these pressing questions and to better understand, and ultimately shape the economy and our lives.

The programme offers three areas of specialisation:

  • In Philosophy, History and Methodology of Economics, you develop a deeper philosophical and historical understanding of the discipline of economics.

  • In Rationality and Decision, you use philosophical and economic insights to gain a profound understanding of human decision-making.

  • In Ethics, Welfare, and Justice, you acquire philosophical and economic knowledge and skills that enable you to develop your own position on what an ethically good economy looks like.


Why study Philosophy and Economics?

As a graduate of the master's programme in Philosophy and Economics at the University of Vienna, you provide employers in the public and private sector with a unique combination of knowledge of and analytical skills in the area of philosophy and economics. The programme allows you to specialise according to your interests and future plans, and to prepare for careers in:

  • public institutions at the international, European, national, regional and local level

  • political parties
  • trade unions and business associations

  • social activism and non-governmental organisations

  • journalism

  • business and strategy consulting

  • corporate social responsibility

  • social entrepreneurship

  • academic teaching and research

 5 Reasons to study P&E in Vienna

  1. Dedicated interdisciplinary curriculum from day one:

    Attend specifically designed interdisciplinary seminars in every semester of the programme.

  2. Interdisciplinary faculty:

    Learn from faculty from both departments, many of whom have specific interdisciplinary  backgrounds and research interests in the areas of philosophy and economics.

  3. Flexibility and optionality:

    Choose between multiple specialisations, design your own specialisation, and attend a wide range of optional classes in philosophy, economics, and other disciplines.






  1. Career opportunities:

    The city of Vienna hosts many international organisations (OSCE, one of the UN Headquarters and many UN agencies) and non-governmental organisations which are ideal places to start your career.

  2. Quality of life:

    Vienna consistently ranks as one of the most liveable cities in the world. The city offers a rich cultural life and historical heritage, as well as beautiful surroundings that are ideal for sport and recreation.

Next Steps: Application & Admission

Admission to the master's programme in Philosophy and Economics follows a competitive selection procedure. Applications for admission in the winter semester close on 30 April of the same calender year.

Minimum entry requirements:

  • Bachelor's degree or equivalent degree in a relevant discipline. At the time of application, at least 150 ECTS of courses must have been completed (i.e. there is only one semester of full-time study remaining).
    Successful applicants have typically studied philosophy and/or economics, or a related discipline such as political science. Students from other disciplines are considered, and have to explain the link between their discipline and this degree programme in their letter of motivation.

  • Knowledge of philosophy or political theory, as well as of economics corresponding to 15 ECTS credits each (equivalent to half a semester of full-time study). These courses should typically be completed at the time of the application. However, for entry in Fall 2019, it is acceptable if these courses are still in progress and completed before the start of the programme.

  • Proof of sufficient English language proficiency (level B2) as detailed here.

More detailed information about the admission process can be found here.