M.Phil. Economics

University of Oslo | Oslo, Norway
The Master's programme in Economics at the University of Oslo is a specialised graduate degree offered by the Department of Economics at the Faculty of Social Sciences. The Master's programme in Economics leads to the title Master of Philosophy in Economics.

Description of Economics


By choosing this programme you will get the opportunity to take courses taught by some of Norway’s leading economists and be part of an academic environment that prides it self on being on the forefront of economic research.

Through this programme 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.

You may take part of your degree abroad at one of our partner Universities. What about a semester in Shanghai, Essex, Barcelona or San Diego (USA)? As a master’s student in Economics you will be able to choose from UiO’s long list of exchange agreements with Universities across the world.

The 2-year master’s degree programme in Economics has the following three programme options that encompass both compulsory and optional courses. You sign up for one of these programme options in StudentWeb during your first semester of the programme.

  • Economics
  • Environmental-, Resource- and Development Economics
  • Research

Detailed Course Facts

Application deadline December/March
Tuition fee
  • Free (Non-EEA)
  • Free (EEA)
Start date January  2016, August  2016
Credits 120
Duration full-time 24 months
Delivery mode On Campus
Educational variant Full-time

Course Content

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

In the first semester, you choose a programme option. All three options have three compulsory master's course in common: ECON4120 - Mathematics 2: Calculus and linear algebra , ECON4200 - Microeconomics and game theory , ECON4310 - Macroeconomic Theory . In addition, we strongly recommend all master's students to take ECON4150 - Introductory Econometrics.

Students may apply to the department to replace up to 20 credits in the category "optional ECON4000 course" with other master's level courses without an ECON code, within the fields mathematics, statistics, informatics, (economic) history, health economics or ENERGI4010. Applications will be assessed on the basis of relevance to the field of economics.

For more information about the study options, including the structure of the optional courses and the master's thesis, please see the web pages of the programme options:

  • Economics
  • Environmental-, Resource- and Development economics (ERDEC)
  • Research

Requirements for Economics

Admission to master's degree studies requires:

  • Higher Education Entrance Qualification and a completed bachelor's degree comparable to a Norwegian bachelor's degree. Applicants with foreign education, please refer to the country list.

  • 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 (140 hours/5 periods per week) in Norwegian upper secondary school with a minimum grade of 4 (or an equivalent grade from a Nordic upper secondary school) or alternatively passed examination in English from second and/or third school year, or

    b) An internationally recognised English language proficiency test.

Required specialization

In addition to the requirements listed above, you need to meet the following academic admission requirements for the 2-year Master's programme in Economics:

  • 10 ECTS-credits in mathematics

  • 10 ECTS-credits in statistics and methods

  • At least 70 ECTS-credits in economics *

This amounts to a total of 90 ECTS-credits that equals about 1 ½ years of study.

Among the courses in economics, at least 50 ECTS-credits must be within microeconomics and macroeconomics, with at least 20 ECTS-credits in each of these categories.

When considering applications from international students, the admission committee will look for applicants that meet these requirements as closely as possible. To ensure that the committee gets a good understanding of your background in economics please fill in the form List of Academic qualifications found here

Please note that accounting, auditing, marketing or management do not count as economics.

Work Experience for Economics

No work experience is required.

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University of Oslo, Norway

Norway The University of Oslo is the oldest and largest university in Norway, situated in the Norwegian capital of Oslo. The university was founded in 1811 as The Royal Frederick University and was modelled after the recently established University of Berlin. It was originally named after King Frederick of Denmark and Norway and received its current name in 1939.

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