Social Economics (VWL) (BA)

Please note: Social Economics is a specialisation within the Bachelor's degree programme Business Studies.

What is economics about?

Economics, like business administration (BWL), is one branch of study within the Business Studies degree programme. Economics is concerned with the economic activity of entire markets or countries as opposed to individual companies or persons.

An important focus of economics is sustainability in relation to resources. Resources include natural raw materials as well as capital, labour and time. In economics, you learn about achieving economic balances where resources (production factors) are not wasted and goods and services are produced as efficiently as possible. Moreover, you will address economic incentive schemes, currency systems and political factors.

What can I do with this degree?

Economists are in high demand in many different areas thanks to their problem solving skills. They contribute to making the decision-making processes more objective in specific situations and for society as a whole.

Apart from industrial companies, consulting companies, financial groups, associations and trade unions, economists can start careers in politics (ministries) and international political (EU, UN) and economic institutions (ECB, IMF, OECD). They can also work in development aid (World Bank, KfW, GIZ). Another area of work is research and teaching at universities and economic research institutes.

In economics, the same instruments and approaches are used all over the world – it's a global subject.

What qualities and skills do I need?
  • You have to be ready to deal with mathematical models and tasks. You do not have to be a mathematical genius but you need mathematics for a considerable part of the degree programme.
  • You should have an interest in economic topics, in studying political strategy and in developing effective ideas for the future.
Good reasons for studying this subject at FAU
  • Economics is part of the Bachelor's degree programme Business Studies and you can choose some courses from the entire range offered at FAU. At the same time, you can choose specialisation subjects within economics early on in your studies.
  • We are well connected with companies and institutions and will be happy to provide you with contacts for voluntary placements.
  • The degree programme is growing, which means that we are constantly developing our courses and we can attract excellent lecturers.
Potential challenges
  • Although you might already know which area you want to specialise in you will have to attend a wide range of different courses in the first few semesters.
  • Economics focuses on theory and statistics which might need some getting used to.
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Degree program start date and application deadlines

The FAU website provides an overview of the current application deadlines as well as information on the selection process and how to apply.

Start date of degree program: Winter Term

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Location: Nuremberg
Standard duration of study: 6 Semester
Start date of degree program: Winter Term
Size: (currently 600+ Students)
Faculty: Faculty of Business, Economics, and Law
Admission: No Admissions Restrictions