MSc in Economics


Read more about this program on the school's website

Program Description

Master's studies in Economics

Economics is the basis of a general and systematic understanding of economic transactions in society. Learn more about majoring in Economics and the unique opportunity to select courses from three universities.

Our specialisation offers you a balanced mix of a broad perspective and a deep insight into economic theory. The curriculum is designed to match the demand for professional economists in business and government.

Upon graduation, you will be

  • ready to take on challenges in rapidly changing contexts
  • trained to use economic data
  • an expert at communicating your findings
  • able to visualise the larger context of economics and influence policy

Facts about the degree

  • 120 credits, 2 years of full-time study
  • Language: English
  • Next application round opens: Autumn 2020
  • Degree: MSc in Economics and Business Administration
  • Location: Helsinki

Majoring in Economics

The specialisation builds on a logically consistent structure, which relies on rational criteria for decision-making. Economics offers perspectives on essential features of all types of markets ranging from local retailers to global currency markets.

The Master's studies consist of compulsory core courses in

  • microeconomics
  • macroeconomics
  • econometrics
  • specialised courses in other important fields of economics

The courses oriented towards microeconomics deal with

  • analysis of competition with a focus on how firms, organizations, and industries should be organised to achieve efficiency
  • analysis of corporate strategies to create sustainable competitive advantages and of asset markets characterized by incomplete information

Courses offered in macroeconomics focus on

  • economic policy
  • why we have structural unemployment and how it can be reduced
  • why monetary policy should be conducted by an independent central bank
  • which policy options are available to overcome the financial crisis

Courses and outline of studies

The extensive spectrum of high-quality courses offered is made possible through our close cooperation with Helsinki Graduate School of Economics. This collaboration means that you'll be able to choose courses from both Aalto University School of Economics and the University of Helsinki.


  • Compulsory courses
    • Language course(s) (total of 6 ECTS)
  • Four of the following courses:
    • Money and Monetary Policy (6 ECTS)
    • Banking and Finance (6 ECTS)
    • Macroeconomics of Labor markets (6 ECTS)
    • Behavioral and Experimental Economics (6 ECTS)
    • Competition Policy (6 ECTS)
  • Four of the following courses:
    • Econometrics I (6 ECTS)
    • Econometrics II (6 ECTS)
    • Applied Microeconometrics I (6 ECTS)
    • Time Series Econometrics (6 ECTS)
  • One from the following two:
    • Macroeconomics I, Growth and Cycles (6 ECTS)
    • Macroeconomics II, Short-term fluctuations (6 ECTS)
  • One of the following three:
    • Industrial Organisation (6 ECTS)
    • Microeconomics Pricing (6 ECTS)
    • Microeconomics Policy (6 ECTS)
  • Elective courses depending on interest


Autumn semester

  • Compulsory courses
    • Research Seminar (12 ECTS)
  • Elective courses depending on interest

Spring semester

  • Compulsory courses
    • Research Seminar (12 ECTS)
    • Master’s Thesis (30 ECTS)

QTEM certificate

As a student majoring in Economics you also have the opportunity to top up your degree with the QTEM certificate (Quantitative Techniques for Economics and Management). This is your opportunity to earn a degree within a network of leading business schools and corporate partners. All partners are committed to developing global talent with strong quantitative competencies, analytical skills, international and intercultural experience, and management potential.

Future career opportunities

70 % of students at Hanken have a job before graduation. In 2014, a percentage as large as 98 % of the graduating class had a job 3 months after graduation.

Cost & Fees

For EU citizens university education is free of charge. All students regardless of nationality are, however, obliged to pay an annual student union membership fee of approximately 120 euro.

The fee for non-EU/EEA students at Hanken is 12500 EUR/year.

Last updated Jan 2020

About the School

At Hanken you as a student are met as an individual. All students receive personal guidance and professors are easily approachable. Every year some 350 students enrol and in total we have some 2300 st ... Read More

At Hanken you as a student are met as an individual. All students receive personal guidance and professors are easily approachable. Every year some 350 students enrol and in total we have some 2300 students on our campuses in Helsinki and Vaasa. The size of the School makes close interaction between students and personnel on all levels possible. The atmosphere at the School is international, reflected by our numerous international partners and the exchange programme the School runs in addition to the high share of international students enrolled. Read less
Helsinki , Vaasa + 1 More Less