University of Helsinki

Economics, Master

  • Application Deadline
  • 24 months
    Duration
  • Tuition
    18000
    Tuition (Year)
    Free
    Tuition (Year)
  • English, Finnish, Swedish
    Language

About

Upon completing the Master Social Sciences - Economics programme at University of Helsinki you will be awarded the Master of Social Sciences degree, having demonstrated that you have developed many skills needed in your future career:
  • Profound knowledge of economic theory and familiarity with scientific economic literature,
  • The ability to apply economic theory to solving practical problems and interpreting economic phenomena,
  • Familiarity with econometric methods and the ability to apply them to practical research problems,
  • The ability to collect and interpret empirical data,
  • The ability to communicate conclusions and assess the significance of the assumptions made for them,
  • Fluency in communicating economic issues to different domestic and international audiences as well as the capability to work independently and in multidisciplinary cooperation,
  • Readiness to assess your own professional performance and systematically develop it, and
  • Knowledge of sources of economic information and the ability to adopt new tools of economic analysis.

The programme comprises two tracks. The Research track is more demanding in that it gives more profound knowledge of economic theory and econometric methods than the General track. This track is particularly suitable if your goal is to pursue a doctoral degree in economics. Profound knowledge of economic theory and methods is also useful in many demanding careers as an economist.

The degree requirements in both tracks correspond to international standards, which will help you when finding employment and pursuing further studies towards a doctoral degree in Finland and globally.

Career

The Master's Programme in Economics at the University of Helsinki prepares you for a career as an economist in business and the public sector. Economists are employed in administrative, planning and development duties requiring economic expertise in various national and international organisations. Examples include an analyst career involving risk management, asset pricing and investment strategy, jobs related to analysing the market, production and pricing in companies, assessment and planning of economic policy, and communication. Analytical skills and knowledge of quantitative methods will be of central importance in your work as an economist. In particular, economists find employment in government, financial institutions, central banks, national and international organisations, and business.

The Research track prepares you for particularly demanding careers. It is also an excellent path to doctoral studies in economics. It is advisable to select the field courses and the topic for your Master's thesis in view of your interests and career goals. An internship is a good chance to acquire work experience in your area of interest.

Programme Structure

The module of Economic Theory and Econometric Methods, which you will take in the autumn semester of your first year of study, is the foundation of the programme. It covers the central microeconomic and macroeconomic theory as well as basic econometric methods. After completing this module, you can choose from a wide selection of fields of economics to concentrate on. Optional studies consist of additional courses in economics, or other university-level courses. In addition, an internship or a labour market project is included in the degree requirements.

The programme mostly comprises lecture courses. The courses on economic theory and econometric methods consist of lectures and exercise sessions; for the most part they are completed by taking a written examination. Depending on the track, you take 3 to 4 field courses, selected based on your interests so that they form a meaningful whole. 

For more information please visit the programme website.

Detailed Programme Facts

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score (Grade A): 200

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score: 580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score: 92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

Eligibility

  • You demonstrate by 31 July that you have completed a first- or second-cycle degree or a postgraduate degree in Finland or abroad.
  • You demonstrate by 12 January that you have completed the studies required for the programme.
  • You demonstrate your proficiency in English by 12 January according to Rector’s Decision.

Application Documents:

  • Photocopy of the degree diploma
  • Official transcript of studies
  • Certificate of language proficiency
  • Authorised translations into English
  • Letter of motivation as part of online application form
  • Bachelor’s thesis abstract as part of online application form

Tuition Fee Per Year

  • EUR 18000 International
  • Free EU/EEA

Funding

Check the programme website for information about funding options.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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