Thomas Schuster

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Prof. Dr. Thomas Schuster (born in Germany), is professor of economics at the Baden-Württemberg Cooperative State University Mannheim. [1]

Germany Federal parliamentary republic in central-western Europe

Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe, lying between the Baltic and North Seas to the north, and the Alps to the south. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, France to the southwest, and Luxembourg, Belgium and the Netherlands to the west.

Professor academic rank at universities and other post-secondary education and research institutions in most countries

Professor is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences, a teacher of the highest rank.

Economics social science that analyzes the production, distribution, and consumption of goods and services

Economics is the social science that studies the production, distribution, and consumption of goods and services.



Thomas Schuster studied economics at the University of Mannheim and at Portsmouth Polytechnic (Great Britain). Upon receiving his diploma from the University of Mannheim, he pursued a doctorate in economics and worked as a research assistant at Mannheim Centre of Social Research and at the Faculty of Economics of Mannheim University. For his doctoral thesis he conducted a European-wide survey about social policy. He estimated the determinants of the demand for social policy using microeconometric methods. He was the first scholar who determined the demand for social policy in the member states of the European Union.

University of Mannheim German university

The University of Mannheim, abbreviated UMA, is a public research university in Mannheim, Baden-Württemberg, Germany. Founded in 1967, the university has its origins in the Palatine Academy of Sciences, which was established by Elector Carl Theodor at Mannheim Palace in 1763, as well as the Handelshochschule, which was founded in 1907.

Great Britain island in the North Atlantic off the north-west coast of continental Europe

Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of 209,331 km2 (80,823 sq mi), it is the largest of the British Isles, the largest European island, and the ninth-largest island in the world. In 2011, Great Britain had a population of about 61 million people, making it the world's third-most populous island after Java in Indonesia and Honshu in Japan. The island of Ireland is situated to the west of Great Britain, and together these islands, along with over 1,000 smaller surrounding islands, form the British Isles archipelago.

European Union Economic and poitical union of states located in Europe

The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe. It has an area of 4,475,757 km2 (1,728,099 sq mi) and an estimated population of about 513 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states in those matters, and only those matters, where members have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market, enact legislation in justice and home affairs and maintain common policies on trade, agriculture, fisheries and regional development. For travel within the Schengen Area, passport controls have been abolished. A monetary union was established in 1999 and came into full force in 2002 and is composed of 19 EU member states which use the euro currency.


Professor Schuster gathered job experience as an equity analyst at the BBBank, a major German bank. He worked in the research department and was in charge of making investment recommendations for the bank’s customers on European and U.S. equities.

BBBank German cooperative bank

The BBBank eG is a German cooperative bank headquartered in Karlsruhe (Baden-Württemberg). It is solely focused on private banking. With total assets of almost 11 billion Euros and over 470,000 members the bank is one of the biggest member banks in Germany.

Afterwards, Professor Schuster was deputy professor at the University of Applied Sciences in Kaiserslautern. Throughout this time, he taught many courses in statistics, economics and financial management. Besides his lectures in Kaiserslautern, he also taught at several other Universities of Applied Sciences including the University of Applied Sciences in Berlin (HTW), Pforzheim, and Deggendorf. Further, he regularly taught classes in Helsinki at Metropolia University of Applied Sciences - the largest University of Applied Sciences in Finland - and at Haaga-Helia University of Applied Sciences.

Metropolia University of Applied Sciences

Metropolia University of Applied Sciences is the largest University of Applied Sciences in Finland situated in Helsinki metropolitan area. The university has four fields of study: culture, business, health care and social services, and technology. Teaching is also provided in English.

Haaga-Helia University of Applied Sciences

Haaga-Helia University of Applied Sciences is one of Finland's largest business polytechnics. It is an open University of Applied Sciences, owned by a foundation run by Helsinki's business community. This Institution is fully supervised and accredited by the Finnish government through the Ministry of Education and Culture. The school's primary facilities are in Pasila, Helsinki. It has other premises in Haaga, Malmi, and in Porvoo and Vierumäki.

In 2013, Professor Schuster was visiting research fellow at the Cologne Institute of Economic Research in Cologne, Germany.

In 2013-2014, he was a visiting professor in the faculty of business at Ningbo University, Ningbo, Zhejiang Province, China.

Ningbo University

Ningbo University is located in Jiangbei District, Ningbo, Zhejiang, China. It is a provincially governed key university in Zhejiang Province. It is a Chinese Ministry of Education Double First Class Discipline University, with Double First Class status in certain disciplines.

Zhejiang Province

Zhejiang, is an eastern coastal province of China. Zhejiang is bordered by Jiangsu and Shanghai to the north, Anhui to the northwest, Jiangxi to the west, and Fujian to the south. To the east is the East China Sea, beyond which lie the Ryukyu Islands of Japan.

China State in East Asia

China, officially the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities, and the special administrative regions of Hong Kong and Macau.

In 2014, Professor Schuster won the Scientific Award for the Best Internal Publication 2013 of the Cologne Institute of Economic Research.

He regularly takes the floor in telecasts and gives radio interviews about financial markets and economics.


Prof. Schuster’s research interests are primarily in the fields of social policy and labour economics. He is also an expert in international monetary policy. He regularly evaluates international opinion surveys which deal with economic and social policy topics. Recently, he also did some research on the European Monetary Union and the euro crisis. In all his research he has an empirical approach. Typically, new theories developed by him or well-known theories are tested empirically with a variety of statistical methods.

Further Activities

Prof. Schuster ist member of the catholic student fraternity K.D.St.V. Churpfalz, located in Mannheim (Germany). From 2006-2010 he was deputy head of the supervisory board of SIRE AG, Zittau (Germany). Since 2010 Prof. Schuster is listed in „Marquis Who's Who“. Additionally, he is listed in the German equivalent „Who is Who in der Bundesrepublik Deutschland“ since 2011.

Selected bibliography

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  1. Compare Homepage of Thomas Schuster an the Baden-Württemberg Cooperative State University Mannheim.