Master in Economics
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. 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.
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.
Why Choose Oulu?
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University of Oulu International Master’s Scholarship Scheme 2017-2018
Connected with the renewal of university strategy, the increased importance of internationalization and the introduction of tuition fees for non-EU/EEA citizens, the University of Oulu has assigned a significant amount of money for tuition scholarships for 2017 entry. The scholarships will be granted in the form of a tuition fee waiver. The tuition fee waiver awarded covers 100 % of the full tuition fee. Applicants can apply for the tuition scholarship as part of the admissions process.
University of Oulu Scholarship Scheme in more detail
The University of Oulu International Master’s Scholarship Scheme (IM Scholarship) provides scholarships to academically talented international students. The scholarship is aimed at students studying for a Master’s degree in the University of Oulu two-year International Master’s programmes. The scholarship covers the full international tuition fee. University of Oulu IM Scholarships do not cover living costs.
In order to retain the scholarship in the following year of study, a student must have completed 55 ECTS by the end of the previous academic year. If a student does not achieve this requirement during the first year of studies, they will be liable to pay the full international tuition fee for the second year if they wish to complete their Master’s degree programme. An exception to this rule can be made if a student has been granted approved leave from studies (e.g. due to serious illness).
Eligibility Requirements to Apply for International Master’s Scholarship
Applicants are eligible to apply for a University of Oulu IM Scholarship 2017-18, if they are:
- Non-EU/EEA* citizens who do not have a permanent residence permit in Finland.
(Applicants not eligible for the International Master’s Scholarship are: 1) non-EU/EEA citizens who have a permanent residence permit in Finland, 2) EU/EEA citizens or comparable persons, 3) University of Oulu students who have been accepted to study BEFORE the academic year 2017-18.)
- Eligible to apply for a Master’s degree programme at the University of Oulu for academic year 2017 – 18.
- The applicant has obtained their first academic degree (Bachelor’s or equivalent) from a recognised institution of higher education.
- The applicant proves a high level of proficiency in English language. Approved methods of demonstrating language proficiency.
Applicants who are in their last term/semester of studies for their first academic degree during the application period, can apply for the scholarship. Applicants who receive a conditional offer of study placement for a Master’s programme will receive a conditional scholarship offer.
The scholarship application will be processed in the selection procedure only if the applicant meets the admissions criteria.
*European Union / European Economic Area member states are: Austria, Belgium, Bulgaria, Cyprus, Czech, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein Republic, Denmark, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom. With the EU legislation, Switzerland is also comparable for EU member states.
The nature of residence permit is indicated in the residence permit with a letter. A permanent residence permit bears the letter P or A and an EC residence permit for third-country nationals with long-term EC resident status bears the letters P-EY.
Application for International Master’s Scholarship 2017-18
There is no separate application system for the International Master’s Scholarship. All applicants for University of Oulu Master’s degree programmes need to complete the Student Application Form. Those applicants who are applying for the University of Oulu International Master’s Scholarship have to additionally complete the “Application for Scholarship,” section which can be found at the end of the Student Application Form. The International Master’s Scholarship application section cannot be completed and/or submitted without the Student Application Form.
The application period for the University of Oulu Master’s degree programmes and International Master’s Scholarships is 15.12.2016-25.1.2017
Selection criteria for University of Oulu IM Scholarship 2017-2018
Admissions and scholarships decisions will be taken at the same time. Those students successful in obtaining an International Master’s Scholarship will be notified at the same time as their offer of admission to their International Master’s programme is confirmed. The selection criteria for the University of Oulu IM Scholarship are based on previous academic performance and academic potential.
For questions concerning the University of Oulu IM Scholarship, please contact admissions.officer(a)oulu.fi
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Last updated October 21, 2016