Master in Economics


Read more about this program on the school's website

Program Description

Economics, Master of Science (Economics and Business Administration) (2 years)

  • An internationally comparable degree in Economics from an AACSB accredited business school
  • Rigorous theoretical and empirical studies incorporating the latest research
  • Hands-on experience in developing economic models and using econometric methods to perform economic and financial analysis

Oulu Business School’s International Master’s Programme in Economics (ME) is a two-year program providing rigorous training in modern Economics.

The program equips you with a comprehensive understanding of the theoretical and empirical research methods used in Microeconomics, Macroeconomics, and Econometrics.

You will have the opportunity to develop an interest in fields such as:

  • Mathematical Economics
  • Industrial Organization
  • Energy Economics
  • Urban and Regional Economics
  • Environmental Economics
  • International Macroeconomics
  • Game Theory
  • Financial Econometrics

Through group work and projects, you will learn to apply your economic expertise and acquire the problem solving, project management and presentation skills you will need in your career as an economist.

It is not compulsory to choose a specialization, but the two-year program offers two specialization options:

Energy Economics and Smart Grid courses bring the latest economic and technical energy research into the classroom and equip you with the skills you need to work as an economic researcher or consultant in energy-related projects. Gain experience in multidisciplinary project work and employ your skills in Economics to analyze and solve business problems in tomorrow’s energy markets.

Financial Economics focuses on equipping you with skills that are relevant to an economist working within the financial sector. You will gain further knowledge of statistical modeling software and intensify your knowledge of econometric models used for forecasting macroeconomic and financial variables.

The professorship for Economics at the University of Oulu was established in 1959 and the department is a part of the AASCB accredited Oulu Business School (OBS). Economists at OBS and at associated research centers (MAIGBE, SYKE) focus on research in Energy Economics, Social Economics, and Regional Economics.

The department is renowned for its achievements in input-output modeling and Energy Economics. Current faculty members are active, among others, in the Finnish Economic Policy Council, the Finnish Climate Panel and the national BCDC energy research project. OBS organizes frequent seminars with Finnish and international visitors from business and academia. You are strongly encouraged to attend these events.

The master’s program equips you with the skills you need as a professional economist working in business, government, international organizations, and research centers. Depending on your interests, you can, for example, work with market research in the financial sector, with strategic pricing and production decisions in private firms, and with the fiscal and monetary policy within the public sector.

The master’s program also serves as a thorough preparation for Ph.D. studies. The master’s program provides you with an internationally comparable degree in Economics from an AASCB accredited business school. Upon completion of the master’s program, you will be equipped to pursue a career as an economist in Finland or abroad.

Possible titles include

  • Economist
  • Economic Advisor
  • Investment Advisor
  • Industry Analyst
  • Financial Analyst
  • Economic Development Officer
  • Economic Consultant

Students applying for the program must possess an undergraduate or bachelor’s degree in Economics or a related subject. The quantitative nature of the ME program ideally suits those who have studied Economics, Finance, Accounting, Engineering, or Natural Sciences (e.g. Mathematics, Physics or Statistics).

Last updated Jan 2020

About the School

The University of Oulu is an international science university that creates innovation for the future, well-being, and knowledge through multidisciplinary research and education. Future innovation is a ... Read More

The University of Oulu is an international science university that creates innovation for the future, well-being, and knowledge through multidisciplinary research and education. Future innovation is about seeking, utilizing and applying new knowledge. The University of Oulu researches people and culture in a changing living environment, as well as opportunities that new technology provides for improving the well-being of people and the environment. The University of Oulu is a multidisciplinary expert in Northernness. Read less


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