M.Sc. Management and Economics of Innovation

Chalmers University of Technology

Application deadline: January 15
Tuition fee:
  • € 15,000 / Year (Non-EEA)
Start date: September  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Delivery mode: On Campus
Educational variant: Full-time
More information: Visit Programme Website

Show more

Visit Programme Website Many students visit a programme website. Request Free Information

Description

In the modern knowledge economy, various forms of new knowledge, especially in technology, are critical factors underlying industrial innovation, competitiveness, and economic growth. This programme focuses on how and why companies innovate to compete and how companies can reap financial returns from their investments in innovation.

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.

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.

Contents

Educational methods

To help you acquire and utilize appropriate theoretical and methodological tools, the programme trains you by combining extensive practical training, often project based industry challenges, with critical analysis, putting theories and methods to effective use. You will take part in lectures, seminars, workshops and supervised project work. Assessment techniques include oral examination and written examination; individual and group examinations.

All courses within the programme invite feedback from students on all essential aspects of the course and the education, something that clearly has supported the improvement of the programme. Furthermore, the mixture of students from different cultural and educational/engineering backgrounds supports the programme’s international profile.

Research and industry connections

We operate in an environment with open and extensive affiliations with business and industry, and the research underlying the programme is therefore closely linked to current business practice and problems. This is demonstrated, for example, through guest lectures, joint research projects, Master’s thesis, applied projects dealing with current business issues. Additionally, the faculty is involved in executive education through CHAMPS, Chalmers

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

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)

English Language Requirements

IELTS band: 6.5
CAE score: (read more)

Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IELTS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever.

180 (Grade C)
TOEFL paper-based test score : 575
TOEFL iBT® test: 90

Scholarships

    There are more scholarships available for this study programme

    to find more related scholarships for this programme.
    Not a member yet? Create an account and join +150 000 StudyPortals members.

    Request free information from Chalmers University of Technology instantly.

    • The fastest way to be in direct contact with the university.
    • All information comes for free.
    • No strings attached.

    By sending the form, I confirm that I accept the Terms of Use and Privacy Statement.

    Your privacy is important to us. We will keep your information confidential.


    Welcome to StudyPortals chat
    Thank you
    Thank you for your question. We will get back to you soon! The reply will be sent to your account which you can activate via the e-mail you just received. Find more study programmes
    anywhere