Economics, M.Phil.

  • Application Deadline
  • 24 months
    Duration
  • Tuition Fee
    Free
    Tuition fee
    Free
    Tuition fee
  • English (take IELTS)
    Language
University rank #62 (ARWU) ,
The two year masters degree programme in Economics is a full time programme offered by the University of Oslo, with three different programme options, that provides rigorous training in modern economics. Covering a broad range of topics from micro- and macroeconomics, methodology and demography.

About

The two year masters degree programme in Economics is a full time programme offered by the University of Oslo. By choosing this programme you will get the opportunity to take courses taught by some of Norways leading economists and be part of an academic environment that prides it self on being on the forefront of economic research.

Through this Economics programme at University of Oslo you will get a good foundation in core economic disciplines like micro- and macroeconomics, econometrics and mathematics, combined with elective courses that offer themes and topics that are based on the research interests of the academic staff.

This means that you will have a choice of courses with a diversity of topics like; Demography, International Economics, Behavioural Economics, Economic Policy, Industry Markets and Competition, Money Credit and Finance, Growth and Development, Resources Energy and Environment. This diversity of topics makes it possible to tailor you degree according to your own academic interests.

Career prospects

The master's degree programme in Economics will make you highly attractive in the job market, both in the private and the public sectors.

There is a great need for specialists within the field of economics, and this programme will qualify you for a wide range of careers within economic consultancy, the financial sector, Government Service and economic organisations (both domestic and international).

Academic career

The Research programme option is designed for students who want to continue with a PhD after their master's degree. This programme option qualifies for admission to the PhD-programme in Economics at the University of Oslo.

Programme Structure

In the two year master's programme in Economics, you choose between three different programme optionsthat will give you the opportunity to specialize in one of the department's core research themes.

Courses include:
  • Mathematics 2: Calculus and Linear Algebra
  • Microeconomics and Game Theory
  • Macroeconomic Theory
  • Econometrics
For more info please visit the programme website.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus
Check if you match the admission requirements

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:

    90

    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

You need the following GPA score:

Required score: 2.5
Recommended score: 2.5

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 2.5 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of 2.5 or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

Admission to master's degree studies requires:

  • Higher Education Entrance Qualification and a completed bachelor's degree comparable to a Norwegian bachelor's degree.

  • a specialization defined by the programme

  • a minimum grade average of C (in Norwegian scale) or equivalent from the specialization in your degree.

  • a language requirement documented by one of the tests/exams below:

    a) Passed examination in English foundation course in Norwegian upper secondary school with a minimum grade of 4 or alternatively passed examination in English from second and/or third school year, or

    b) An internationally recognised English language proficiency test.

Tuition Fee

  • International

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per year and a duration of 24 months.
  • EU/EEA

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per year and a duration of 24 months.

Living costs for Oslo

9,251 - 10,520 NOK/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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.