Management and Economics of Innovation, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • 14800
    Tuition (Year)
    Free
    Tuition (Full programme)
  • English
    Language
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

Through a combination of an advanced level of business management and economics in relation to engineering knowledge, you will be trained to analyse, understand and skilfully manage innovation processes in companies and other areas of society. The Management and Economics of Innovation programme is offered at the Chalmers University of Technology.

Programme description

Innovation processes present challenges and opportunities for a range of different organisations, such as established firms, new entrepreneurial firms, universities and government agencies. Industry, as well as society, therefore need managers and employees who not only have scientific and engineering training but who also have acquired a thorough understanding of the innovation process and how it can be handled in a financially successful way.

At the intersection between technology, management and economics, the overall purpose of the programme is to train you to skilfully analyse and manage innovation and renewal. After having completed the programme, you should be able to:

  • Analyse and understand how and why innovations, technical and scientific information and knowledge interact with market and economic forces.
  • Identify, formulate and solve problems related to innovation and renewal activities involving technological, economic, organisational and institutional change.
  • Handle and execute strategies and practical implementation for innovation and renewal by applying state-of-the-art research and management methods and tools.
  • Lead, interact and communicate with qualified professionals within and outside their own organisations and/or their own knowledge field.

Together with committed teachers, that include you as a student in their research and students from both industrial economy and the field of engineering, this programme creates a base for developing yourself and your ability to lead and develop organisations.

Career opportunities

Future career opportunities will primarily be found in the business sectors, including large multinational firms as well as small technology- based firms. Examples of occupations include management consultancy, technology/industry analysis, project management, product development, R&D management, business development, corporate venturing, hi-tech entrepreneurship and venture capital. Interesting job opportunities also exist in government policy-making agencies, non- government organisations, universities and institutions commercialising science and technology.

Programme Structure

Professional Education

Several of the programme’s professors also conduct research at CBI, Center for Business Innovation, at Chalmers. With funding from Vinnova, CBI is a major research centre in the field of management of innovation

Year 1

Autumn Term Study period 1

Compulsory courses

  • Economics of innovation, Examination
  • Managing development projects, Examination

Autumn Term Study period 2

Compulsory courses

  • Technological change & industrial transformation, Examination
  • Strategic management of innovation and technology, Examination

Spring Term Study period 3

Compulsory courses

  • Creating new business, Examination
Elective courses
  • Quality management, Examination
  • Management of physical distribution, Examination
  • Idea evaluation, Examination
  • Idea evaluation, Laboratory
  • Intellectual property and innovation strategies, Laboratory
  • Intellectual property and innovation strategies, Examination

Spring Term Study period 4

Compulsory courses

  • Research design and methods, Examination
Elective courses
  • Decision support systems in industrial management, Examination
  • Innovation management seminar course, Written and oral assignments
  • Risk management and safety, Project
  • Service contract management, Examination
  • Sustainable logistics, Examination
  • Organizational behavior, Examination
  • Social entrepreneurship, Written and oral assignments
  • Management of open innovation and network-based markets, Laboratory
  • International Business Relationships, Examination
Year 2
Autumn Term Study period 1

Elective courses

  • Strategy and innovation project course, Project
  • Quality management, Examination
  • Strategy creation and change, Examination
  • Strategic management and economics of intellectual property, Examination
  • Improving healthcare service design and delivery, Examination
  • Design thinking and innovation, Written and oral assignments

Autumn Term Study period 2

Elective courses

  • Strategy and innovation project course, Project
  • Risk management and safety, Project
  • Production logistics, Examination
  • ICT economics and policy, Examination
  • Organizational behavior orientation, Examination

Spring Term Study period 3

Elective courses

  • Quality management, Examination
  • Management of physical distribution, Examination
  • Brand management, Laboratory
  • Brand management, Examination
  • Idea evaluation, Examination
  • Idea evaluation, Laboratory
  • Intellectual property and innovation strategies, Laboratory
  • Intellectual property and innovation strategies, Examination

Spring Term Study period 4

Elective courses

  • Innovation management seminar course, Written and oral assignments
  • Risk management and safety, Project
  • Service contract management, Examination
  • Sustainable logistics, Examination
  • Organizational behavior, Examination
  • Social entrepreneurship, Written and oral assignments
  • International Business Relationships, Examination
Diploma thesis
  • Master's thesis in Technology management and economics, Diploma thesis
  • Master's thesis in Technology management and economics, part A, Diploma thesis
  • Master's thesis in Technology management and economics, part B, Diploma thesis

Detailed Programme Facts

    • Starting in

        Apply until:

      • General

      Dates reflect the university's timezone.

  • Credits (ECTS)
    120 ECTS
  • Duration full-time 24 months
  • Languages
    • English
  • Delivery mode
    On Campus
  • Educational variant Full-time
  • More information Go To The Course Website

Academic Requirements

Bachelor´s degree (or the equivalent) with a Major in Industrial Engineering and Management or an Engineering Discipline.

Prerequisites: Mathematics (at least 30 credits, including Mathematical Statistics at least 7,5 credits). Studies in one or several of the following subjects: Organization theory, Project management, Management, Innovation management, Business administration and/or Economics (at least 15 credits).The required 15 credits may include maximum 7.5 credits of Sustainable development.

Preferable course experience: Linear algebra, Single variable analysis and Multivariable analysis.

English Language Proficiency

The most common and important scores that are accepted are

  • IELTS (academic training), 6.5 (with no part of the test below 5.5)
  • TOEFL (Internet based): 90 (with a minimum of 20 on the written part)
  • TOEFL (paper based): 575 (with a minimum of 4.5 on the written part)

Tuition Fee Per Year

  • EUR 14800 International
  • Free EEA

Non-EEA:140 000 SEK/academic year;EU/EEA Citizens are not required to pay fees.

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