About the Master´s Program Life Science Economics and Policy
On this page we inform you about the Technische Universität München / Technical University of Munich (TUM) and our faculty: the Center of Life and Food Sciences Weihenstephan (WZW) where issues concerning the bioeconomy are focussed on. This is followed by: the program's background, a brief description of the program, and its learning outcomes. We then answer the question "Is this Master's program for you?", concluding with potential employment opportunities for graduates.
The TUM is one of Germany’s leading technical universities priding itself with its high standards in research and education. TUM was one of the first “Universities of Excellence” in a Germany-wide Excellence Initiative. According to the Academic Ranking of World Universities, also known as the Shanghai Ranking, TUM was ranked first in Germany for 2012.
TUM’s Center of Life and Food Sciences Weihenstephan (WZW) is located on the outskirts of Munich in the town of Freising. This faculty combines expertise in biosciences, biotechnology, agronomy, forestry, ecology, ecosystem management, nutrition, food sciences and life science engineering, and is where the Research Department Agricultural Economics with its Chair Groups is found.
The life science sector, inclusive of agriculture, food processing, and biotechnology, provides us with, inter alia, food and beverages, and raw materials for clothing and energy. Global challenges like food security, climate change, environmental degradation, and the growing demand for energy, food and raw materials require innovative solutions with appropriate regulatory frameworks and policies.
The globalisation of the world economy and the trend of increased vertical integration within value chains have increased the demand by firms and institutions for employees who have the skills to assess the impacts of changing policy frameworks and standards on their markets.
Proficiency in English is essential for employees to work in this international environment.
About the program
The M.Sc. Life Science Economics and Policy is an international Master's program integrating issues of economics and policy with the life sciences, and equips graduates with in-depth knowledge to work on important challenges, some examples of which are described below.
- Determine the impacts on society and the environment of regulatory policies of the natural sciences.
- Independently analyse the economic impacts of policy changes, and present them to the public in an easy-to-understand format.
- Evaluate and develop company strategies in response to changes in policy frameworks.
- Evaluate the economic outcomes of new policies, and make policy recommendations.
- Independently formulate research questions and translate them into research projects to find answers to these inquiries.
The following learning outcomes are strived for: a thorough knowledge of the fundamental principles of research methods; economic theory and modelling; data collection and analysis; and of the latest developments in contemporary research. Social competencies and skills are developed to equip graduates to operate with self-confidence in their future professions.
All courses are taught in the English language to equip students for an international working environment.
Is this program for you?
Are you interested in agriculture, the biological sciences, economics, governance, and how they integrate in policies and regulations for society, industry, and government; in regulatory affairs; in research; in topics like globalisation, food security, and the the bioeconomy; or are you planning a career in the corporate life sciences? Are you passionate about innovation, solving challenging problems, or risk management? If yes, then this program will equip you for the above, and more.
Firms and institutions involved in any way in the food value chain and the life sciences arena are potential employers. Possible employment opportunities are: a specialist leadership position such as Regulatory Affairs in industry (e.g. food processing, biotechnology), or in international organisations such as: the World Bank; the Consultative Group on International Agricultural Research (CGIAR); the European Commission (EC); the Food and Agriculture Organization of the United Nations (FAO); the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the Organisation for Economic Co-operation and Development (OECD), or as a consultant, or a researcher in an academic or private institution.