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Economics of Innovation and Growth – (M.Sc.)

KTH Royal Institute of Technology

School of Architecture and the Built Environment
Application Deadline: January 16
Annual Tuition Fee: Free - ≈ € 16,180 (non-EEA)
Location: Stockholm / Sweden / View location on map ▾ Hide location on map ▴
Duration: 24 months Start Date: August
Educational Form:
  • Taught
Education Variants:
  • Fulltime
Credits (ECTS): 120
Languages: English 
18.071764,59.348488

Location of KTH Royal Institute of Technology

Innovation and entrepreneurship are prime factors behind value creation, economic prosperity and employment growth. These processes take place at the level of enterprise, region and nation and will lead to new businesses as well as to increased competitiveness of the existing ones. The growing awareness of the importance of innovation among knowledge-based firms, financial markets and policymakers has created demand for a programme which integrates aspects of technology, economy, financing and other related areas.

The programme is focused on the economic aspects of the innovation process, i.e. on the process of commercializing inventions. Innovations are created in a process of trying to solve production problems, to learn from experience, to find new and better ways of doing things, to profit from opening up of new markets, and sometimes just to satisfy curiosity. The intensity and direction of innovation activities are conditioned by laws, institutions, customs and regulations that affect their incentive and their ability to appropriate rents from newly created technologies. The Master Programme aims to provide students with the analytical tools derived from modern economic theories. They include developing, specialization, diversification and dissemination of ideas and knowledge, innovation activities, international competition, trade and growth. Another objective is to make the participants in the program familiar with applied techniques for analysing, measuring and predicting specialisation, trade flows and price patterns in the context of a global economy with dynamic competitive advantages and increasing returns.The student should acquire a qualified training in understanding and solving complex problems in modern economics and in producing solid foundations for policy decision by knowledge-based firms, financial markets and policymakers.

Career prospects

The programme opens up a broad variety of career opportunities within the private and public secor. Previous students can be found in banking, large multinaltinational corporations, governmental agencies, consultancy companies, academia and entrepreneurial ventures.


Contents

The programme begins with 5 compulsory courses in microeconomics, macroeconomics, industrial dynamics, econometrics and innovation and growth, followed by an opportunity to specialize in business economics or public economics.

The programme starts with four compulsory courses that provide fundamental tools for studying economics of innovation and conducting research projects. The first term also includes a non-compulsory course in mathematics. The second term comprises one compulsory and three eligable courses that will deepen the theoretical and empirical understanding of economics of innovation and growth.

In addition to these courses, a compulsory course in research methodology will be provided in close proximity to the master thesis work. The remaining courses required can be chosen from the elective courses. The course in mathematics can also be added to the list of elective courses. The final term is devoted to the writing of a compulsory Degree Project.

Year 1

* AH2001 Microeconomics

* AH2011 Economics of Innovation

* AH2002 Econometrics

* AI20?? Corporate Finance*

* AH2003 Macroeconomics

* AH2006 Economic Geography*

* AH2004 Industrial Dynamics

* AH2007 International Economics*

* AH2009 Mathematics for Economic Analysis*

* AH2008 Public Economics*

* AH2015 Managerial Economics*

* AH2020 Macroeconomics for Business*

Year 2

* AH2014 Theory and Methodology of Science

* AH200X Degree Project in Economics of Innovation and Growth

* AI20?? Corporate Finance II*

* AH2010 Econometrics II*

* AH2012 Industrial Organization*

* AH2013 Microeconomics II*

* AH2018 Management and Strategy*

* AH2019 Innovation and Entrepreneurship*

* Eligable course
Degree project

The Degree Project (30 ECTS points) is compulsory in order to apply for a Master Degree at KTH. The prerequisite for starting the degree project is completed courses corresponding to 60 ECTS points. The Degree project is graded on a scale A-F, where A-E are passing grades with A as the highest grade.

Students who have successfully completed the programme will be awarded a "Degree of Master of Science (two years)" with a specialisation in Economics of Innovation and Growth. The student must apply for the degree certificate. All courses should be completed and reported before application.

You are normally required to take an English Proficiency Test if you come from a non-English speaking country.

Most European Universities recognise the IELTS test.

More information

Requirements

General admission requirements
The general requirements are the same for all applicants to advanced level studies in Sweden.

1. Previous studies

A completed Bachelor's degree.

A completed Bachelor's degree, corresponding to a Swedish Bachelor's degree (180 ECTS), or equivalent academic qualifications from an internationally recognised university. The university has to be listed in the latest edition of the International Handbook of Universities. A Bachelor's degree in Science or Engineering is required for most programmes at KTH.

2. Language requirements
Applicants must provide proof of their English language proficiency which is most commonly established through an internationally recognised test.

TOEFL

* Paper-based test: total result of 575 (written test, grade 4.5)
* Internet-based test: total result of 90 (written test, grade 20)

English test results from TOEFL should be sent directly from the ETS test centre to University Studies in Sweden (code 9520).

IELTS

* A minimum overall mark of 6.5, with no section lower than 5.5 (only Academic Training accepted)

University of Cambridge/ University of Oxford Certificates

* Certificate of Advanced English
* Certificate of Proficiency
* Diploma of English Studies

GCE O-level

Minimum grade C.

Upper secondary education:

In some cases English proficiency can be fulfilled from upper secondary education, for example an Abitur from Germany or French students who have taken English as LV 1 in Série L (littéraire) Langue Vivante or Sèrie ES, Langue Vivante. In most cases the requirement of English proficiency is fulfilled if you have studied English for eight years up to upper secondary education. Proof thereof must be enclosed in your application.

English proficiency tests are waived for the following:

* Applicants with a Bachelor's degree from a university where English is the only language of instruction, in accordance with recommendations in the latest edition of the International Handbook of Universities.
* Applicants with a Bachelor's degree from an internationally recognised university, where all courses of the study programme were taught in English.
* Applicants with a 4 year Bachelor's degree in Engineering, Science, Technology, Medicine, Pharmacy or Computer Science from India or Pakistan.
* Applicants with a Bachelor's degree (a Swedish Kandidatexamen or equivalent academic qualifications) with English as the major subject.
* Applicants who have 30 HE credits from a Nordic country and the language of instruction of the course/programme/university is English (proof thereof must be enclosed).

Specific admission requirements
A Bachelor´s degree, or equivalent, in economics, mathematics, statistics or engineering including courses corresponding to at least 30 ECTS credits in economics and/or mathematics and/or statistics.

The specific requirements may be assessed as not fulfilled if
1. the average grade is in the lower third on the grading scale used (above pass level)
2. the degree awarding institution is not considered to meet acceptable quality standards by the authorities of the country in which the institution is located
3. the degree does not qualify for admission to equivalent Master level in the country where the degree is awarded

Selection process

The selection process for Economics of Innovation is based on a total evaluation of the following selection criteria: university, GPA and course work related to the programme (economics, mathematics, statistics).

Required documents
All applications must be supported by documentation including Transcripts of Records, Degree certificate/Diploma, proof of English proficiency etc.

In addition, the following set of documents is required for the Master's programme in Economics of Innovation and Growth:

* Computer skills
* GRE - GRE is not compulsory for admission to KTH, however high GRE scores are considered a merit. If you have taken the GRE test, please provide a copy of your test results.

Additional Requirements

Minimal degree required: Bachelor's degree
Minimal amount of work experience Not specified

Language Proficiency

IELTS Band: 6.5
TOEFL Paper-based: 575
TOEFL Internet-based: 90

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