University of Helsinki

Economics, Master

  • Application Deadline
  • 24 months
    Duration
  • Tuition
    18000
    Tuition (Year)
    Free
    Tuition (Year)
  • English, Finnish, Swedish
    Language
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

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. Additional field courses in economics can be included in the optional studies. In the field courses, you will be exposed to different teaching methods, such as problem-based learning and other group activities and seminars. Your grades in many field courses will be based on assignments, presentations and term papers in addition to a final examination.

Economics is a quantitative social science discipline, so you are expected to have good basic command of mathematics and statistics. Your skills in these areas will be systematically developed in this programme. Especially if you aim for a career as an economist or for doctoral studies, you are advised to include further methodological courses in your optional studies. In addition to mathematics and statistics, courses in computer science are recommended.

The structure of the programme is comparable to those of the Master's programmes in economics offered by the best international universities. It differs from the Master's programmes of the Finnish business schools in that the demanding courses in economic theory and econometrics comprise a greater proportion, and the goal is above all to prepare you for a career as an economist. The research track corresponds to Master's programmes in quantitative economics offered by some foreign universities. In line with our programme, the research track will prepare you for a career as an economist and for doctoral studies in economics.

Detailed Programme Facts

  • More details: 2016 Autumn
  • Full-time duration 24 months
  • Study intensity Full-time
  • Credits
    120 ECTS
  • Languages
    • English
    • Finnish
    • Swedish
  • Delivery mode
    On Campus
  • More information Go To The Course Website
Check Your Qualification
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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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