Advanced Studies Program

About ASP

The Advanced Studies Program provides:

  • personal contact and intensive discussion with internationally renowned university teachers and representatives from international organisations, policy institutions, and international corporations;
  • compact, high-level coverage of important areas of international economics covering views from the academic, the political and the business perspective
  • profound training of skills pertinent to economic analysis, methods of empirical research and the evaluation of economic policies
  • special emphasis on participants' research activities through the preparation of papers under the supervision of economists from the Kiel Institute
  • practical teamwork experience through the joint preparation of seminars and working papers
  • proficiency in the use of English as working language; in addition, participants from non-German speaking countries can expect to acquire at least a basic knowledge of German during their stay
  • access to the ASP alumni network

The ten-month program includes several elements:

  • Courses:
    There will be 8-10 one-week and two-week courses in various important fields of international economics

  • Seminars:
    In addition there will be a number of one or two-day seminars given by representatives from international organisations, domestic policy institutions, academic institutions and international corporations.

  • Written Exams:
    At the end of each course the participants will prove their skills in a written exam. The standard of these exams is expected to be comparable to an exam at the lecturer's home universities.

  • Research Paper:
    As part of the Advanced Studies Program, participants are expected to prepare a research paper. As a rule, the paper should be a joint effort by two participants. There are also opportunities to write coauthored papers with researchers from the Kiel Institute. Participants who are heading for a Ph.D. after completion of the Advanced Studies Program can use the research paper to provide the foundation of their thesis. The papers are to be published in the Kiel Advanced Studies Working Paper Series.

  • Conferences:
    The research paper will be presented and discussed at a special conference; members of the Kiel University Faculty and of the Kiel Institute will be invited as discussants.

  • Selected Courses:
    Participants of the Advanced Studies Program have the opportunity to participate in selected courses of Kiel University's Ph.D. Program "Quantitative Economics".

Program Guide

Detailed information on the courses, seminars, lecturers and the time schedule of the Advanced Studies is given in the annual Program Guide. After successful completion of the studies program participants will receive the Advanced Studies Certificate (A.S.C.) which contains a complete listing of the courses and seminars attended and acknowledges the personal record of the participants (working papers contributed, written exams passed successfully). Participants who continue their education at other European universities will obtain 6 ECTS points for a two-week course and 3 ECTS points for a one-week course.

ASP Program Guide

We propose a staged admissions process, with three deadlines. Competition for each of the rounds is equal, but the earlier you gain admission, the more time you have to arrange logistics, secure financing, to obtain a Resident Permit (for Non-EU candidates) and to have a larger choice of rooms (sea view for example). Note that for the third round, additional scholarships for living expenses are available only via a waiting list. The number of participants is approx. 20 Participants will be selected in the light of their personal records. The tuition fee is Euro 6,800.

Find out more and apply for the full program:

ASP Application Forms

Basic requirements for participation are:

  • an Master degree (or equivalent) in economics or a related field of study;
  • proficiency in English as working language.

Applicants are asked to:

  • complete and return the enclosed Application Form;
  • document their university degree (applicants who have not yet completed their university examination, are requested to document the results which they have already obtained);
  • provide a letter of recommendation by a person (university professor, superior in company or institution) who is familiar with the applicant. The letter must be sent by the recommender directly to the Kiel Institute per email to E-Mail Address protected. Please enable Javascript..
  • some sample of your written work (a bachelor/master Thesis/seminar paper or report)
  • Potential requests for a scholarship should be indicated in the Application Form.


Several scholarships cover totally or partially the tuition fee for qualified participants. Few scholarships are offered to talented students in need of financial aid. The latest scholarships cover almost fully the tuition fee and include a monthly stipend for living expenses.

Our Guest House

The Kiel Institute offers a number of accommodation facilities in its nearby Residence. Located at the waterfront of the Kieler Förde, House Welt-Club offers participants of education programs at the Kiel Institute for the World Economy and guests from all over the world.

The Residence "House Weltclub" is located directly at the Baltic Sea at a two-minute walking distance from the Institute. The Residence is very popular both among Kiel University students and Junior Staff Members of the Institute.

Expences per Month in €

Apartments at Haus Weltclub (including utilities, charges & Wifi): 200-250 €

Health Insurance for foreigners: 31-59 €

Meals: ~300 €

Mobile Phone: ~10 €

Bank Account Fee: 0-5 €

Unlimited bus access (from Oct.-Mar.): 9,25 €

Expences per Purchase in €

Bus Ticket: 2,60 €

Meals in Café: ~12,50 €

Coffee or Tea: ~2,50 €

Generous Lunch at the Parlament: ~5,00 €

Ocassional Expences

Fitness at the University (per year): 100 €

Bike: 50 €

Approx. total needed per month: 600-700 €


The city of Kiel (250,000 inhabitants) is located at the Baltic sea one-hours drive north of Hamburg. A university town since 1665, Kiel is the capital of the State of Schleswig-Holstein and its major service center. Important industries are ship-building, machinery, and electronics.

As "Gate to the North" Kiel provides close links to Scandinavian countries including a regular ferry-service to Norway and Sweden. In the field of sports Kiel is internationally known for its sailing events and has been twice host to the Olympic Yachting Competitions. During the summer months the surrounding beaches and the pleasant hillside-country offer excellent recreational facilities (swimming, sailing, windsurfing, hiking etc.). In addition, there is a large number of indoor sporting facilities (tennis, squash, pools etc.) also to be used during the winter months. The city offers a large choice of cultural events (including theatre, concerts, and exhibitions) and good opportunities for excursions to the nearby cities of Hamburg and Lübeck (with its medieval city center) and to the Scandinavian countries.    

The Kiel Institute and the Advanced Studies Program

The Kiel Institute (Institut für Weltwirtschaft) was founded in 1914. It is one of the world’s leading institutions in the field of international economic policy research. Its research areas presently employ a staff of more than 90 economists. Main fields of research are: Globalisation and Growth, Public Goods and Public Policy, Macroeconomic Activity and Financial Markets. The Institute closely cooperates with the ZBW - the world's largest library in economic and social sciences. With more than 2 million books, an excellent catalogue and free-of-charge access to most online journals, it offers unique conditions for economic research and attracts visitors from all over the world.

The Advanced Studies Program started in 1984. Since then, more than 650 participants graduated from the program. They are now part of the Advanced Studies Alumni Association, a global network with members in more than 50 countries. Professional activities of the alumni cover international organizations (including more than 30 alumni working for the IMF and the World Bank), ministries and central banks, corporations (in particular financial institutions), research institutes, development institutions, and universities. Several alumni entered Ph.D. programmes (including those of top US and European universities) after graduating from the ASP.

Alexis Y. (ASP 2015/16 | Ph.D candidate, IESE Barcelona)

I would definitely recommend the ASP program. Each one of the aforementioned goals was achieved - Strengthen my candidacy for top-tier PhD programs, refine and improve my research methods, be abreast of the state-of-the-art research and expand my networking network.

Alexis Y.
ASP 2015/16 | Ph.D candidate, IESE Barcelona