Economics, M.Sc.

  • N/A
    Application Deadline
  • 24 months
    Duration
  • Tuition
    12000
    Tuition (Year)
    Free
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #201 ,
Economics focuses on explaining the behavior of different economic agents, such as households, companies and general government. The aim is to describe, explain and model the modern market economy. Economics helps us to understand how markets are working and how we can affect their behavior through economic policy. The Economics programme is offered at the University of Oulu.

About

Economics focuses on explaining the behavior of different economic agents, such as households, companies and general government. The aim is to describe, explain and model the modern market economy. Economics helps us to understand how markets are working and how we can affect their behavior through economic policy.

The Economics programme is offered at the University of Oulu.

Economics provides answers to questions like; what are the sources of economic growth as well as what is the connection between inflation and interest rates. Economics is also widely employed in investigating different field specific issues covering topics from environmental applications to industrial organization. Economics is one of the few areas of science where the annual Nobel Prize is awarded.

Economics provides knowledge and skills which are required when working in demanding specialist and executive positions in corporations, governmental agencies or third sector organizations. A student who receives the master degree in economics is allowed to use the title economist.

Oulu Business School’s Master’s programme in Economics (ME) is a two-year program offering expertise in a wide range of specializations in economics. The studies are comprised of micro and macro economics, quantitative methods and elective field specific courses such as international economics and finance, growth, environmental and energy economics, industrial organization and regional economics. The quantitative nature of the ME ideally suits those who have studied economics, finance, accounting, natural sciences (e.g. mathematics) or engineering. The ME program also gives a good basis for further academic studies at the postgraduate level. The next ME program will start in autumn 2016.

Occupational Profiles of Graduates

The job markets for economists are typically broad. The occupational profiles of graduates include demanding specialist and executive positions as well as research and teaching positions both in domestic and international corporations, governmental agencies or third sector organizations, amongst others.

Programme Structure

Courses included
  • Intermediate Microeconomics
  • Economic Theory I
  • Game Theory
  • Industrial Organization
  • Environmental Economics
  • Financial Econometrics

Detailed Programme Facts

  • Full-time duration 24 months
  • Study intensity Full-time
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

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 C): 180

    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

Programme Specific Academic Requirements

Our programmes are designed for students with different university level backgrounds:

  • The quantitative nature of the Economics programme ideally suits those who have studied economics, finance, accounting, natural sciences (e.g. mathematics) or engineering.

Tuition Fee Per Year

  • EUR 12000 International
  • Free EU/EEA

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.

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