Applied Economics and Sustainability
Master of science (2 year) Full time
Study at one of Norway’s leading schools of economics. NMBU offers an applied and policy relevant degree in economics and sustainability, guided by an internationally oriented faculty.
The master programme in applied economics and sustainability is set to prepare you for life as an economist, emphasising relevance for the workplace, public life and society, and the role of sustainability.
Responsible faculty is internationally renowned in their fields, but also are engaged in national and international policy development.
The fields of expertise spans from environmental, energy and climate economics, development economics, public economics and housing economics, to financial and commodity market analysis.
The programme consists of a set of mandatory courses, a set of optional courses and a master thesis. These sum up to 50, 40 and 30 ECTS points respectively. The mandatory courses cover core microeconomic and macroeconomic theory, empirical methods, and public economics and sustainability. The optional courses can be chosen freely, or you can choose a specialization among:
- Environment, Climate and Energy Economics
- Development and Global Change
- Financial and Commodity Market Analysis
- Agribusiness and Food Economics
The specific structure and requirements within each specialization is detailed if you follow the link. For those choosing their optional courses freely, they must achieve at least 25 ECTS points from master courses (300-level) in Economics or Business. The remaining 15 ECTS can be from any intermediate or master courses (200-level or higher) in the School of Economics and Business or from any introductory course (100-level) from another NMBU institute.
Economists have specialized knowledge on how the economy influences societies and the well-being of inhabitants. This makes economists well suited to work on issues in environmental policy, energy systems, development aid, enterprise development, trade policy and general economic policy. Economists are therefore in high demand in the private and public sectors as well as by many non-governmental organizations.
NMBU School of Economics and Business will give you skills in economic analysis and broad insights on how economies work. You get extensive training in economic theory and analysis, in accordance with national and international standards. In many of the more advanced courses, class sizes are small, allowing for more problem-oriented learning approaches where in-class discussion is central to the learning process.
Some examples of topics analysed in the programme:
- How to integrate environmental effects in economic analysis of ecosystem management, air and water pollution, and climate change.
- How to combine economic growth and environmental protection - both at the firm level and at the national level.
- How to design and implement international treaties, for example on climate issues.
- How to reduce poverty and manage natural resources to increase human well-being without compromising resources or the environment.
- How to organize energy markets to avoid monopolies and market manipulation.
- How to analyze consequences of international trade agreements; and
- How to explain why food, energy and other commodity prices are so volatile.
Applicants must demonstrate English language ability in accordance with the NMBU regulations for programmes taught in English.
Applicants with a Bachelor's Degree in Economics or other relevant fields. The degree should include courses in mathematics and statistics and intermediate level courses in micro- and macroeconomics. A weighted average grade of C or better is required for admission to the programme.
Detailed information about admission requirements can be found here: Admission requirements | NMBU.
- A study in economics will first and foremost give you a framework for how the world works. I believe this is useful no matter where you work.Helene Lillekvelland, Norwegian Agricultural Co-operatives
Each specialization has a set of required core courses that can be supplemented with electives from organizational sciences and business management.
Alternatively, you can choose a general program with a more interdisciplinary profile, by selecting electives from other faculties at NMBU such as in natural sciences, technology or other social sciences to tailor your education to your special interests.
The completion of the degree culminates with the submission of a thesis and the successful oral defense of the work.