Study at one of Norway’s leading schools of economics, with an international reputation in the fields of environmental and natural resource economics, energy, climate and development economics, and financial and commodity market analysis.
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.
What will you learn?
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.
This Master programme consists of some required theory and methods courses and the option to choos a specialization in one or more sub-disciplines in economics, such as:
• Environment, Climate and Energy Economics - Environment and Climate Oriented
• Environment, Climate and Energy Economics - Energy Oriented
• Development and Global Change
• Financial and Commodity Market Analysis
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.
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.
Modern economics is characterized by complexity and rapid changes. Decision-makers in both the private and the public sector demand an ever higher degree of the information that renders it possible to make the right decisions. Economists hold theoretical and methodological knowledge which equips them to function as premise providers in such situations. The programme provides comprehensive training in economic approaches, theories, topics and methods. This degree qualifies for work with economic analyses within business and public administration. It also qualifies for further studies at doctoral level.
Get extensive training in economic theory and analysis, in accordance with national and international standards.
Acquire advanced theoretical and applied knowledge within at least one of the following areas of specialization: - Environment and Resource Economics - Development and International Economics - Energy Economics - Financial Economics - Trade and Commodity Markets.
This MSc is an in-depth master`s programme and the students are expected to acquire:
A thorough Economic competence in theory and methodology. - Ability to use these theories and methods on real world problems and current issues. Such as: - climate change - rural development - increasing food prices - financial crisis - renewable energy
Some of the areas of specialization are specifically designed to address the challenges of environment and sustainable development: - Environment and Resource Economics - Development Economics - Energy Economics - Critical discussion is used actively in lectures, together with recent research showing various views within the same academic field or issue.
Students will understand how economic theories and methods have evolved over time to reflect how societies have changed. Globalization and technological change have had great impact on all fields of economic thinking.
Critical use of various sources, theories and conclusions are a central part of the applied parts of several courses in the MSc program.
Through assignments, term papers and master thesis writing students learn to review economic literature, apply relevant micro- and macro economic theories and employ appropriate economic methods.
Economics is about the use and distribution of scarce resources. Thus ethical issues become a central part of most subjects, particularly, Environment, Natural Resource Management and Development related subjects.
Students will use economic theory and methodology to analyze real world problems. They are also encouraged to use their own personal beliefs and interests when they analyze and draw their own conclusions.
Through the mandatory subjects within advanced Micro- and Macroeconomics, Econometrics and Mathematics the students obtain theoretical and methodological knowledge meeting international standards for MSc degrees in Economics.
After finishing this MSc program, students are qualified to participate in PhD programs in economics.
The MSc thesis should prove the ability to work independently and stimulate their academic curiosity.
Students can undertake and analyze specialized and concrete economic problems on their own.
Students have acquired a comprehensive and advanced micro- and macroeconomic and econometric tool box and have learned to use these tools to analyze applied problems. This will also enable the students to apply these tools in new areas.
Communicate and collaborate within the field of economics in an international study- or work context. Students learn to work independently in accordance with ethical norms for research.
Communicate and analyze relevant economic literature, concretize economic problems, and have insights into how you draw the connection between theory and empirical conditions.
Using economic models and communicating both the underlying assumptions of these models as well as the results from theoretical and model-based analysis both to specialists and the general public.
Qualifications after graduation:
A degree in economics provides excellent employment opportunities in the private as well as the public sector. Typical tasks in the public sector are planning, monitoring the economy and assessment of social impacts of government measures. Typical tasks in the private sector are forecasts of macroeconomic development (employment, inflation, interest rates, exchange rates), reporting for banks, other companies and organizations, including analysis of developments in specific sectors or markets. There are also many economists in international organizations, where relevant fields of work include trade, globalization and development. The program also qualifies for admission to doctoral studies (PhD) in economics.
Contents and structure:
The degree consists of 120 credits, including the 30-credit master`s thesis. Compulsory courses amount to 45 credits, and include mathematics for economists, microeconomics, econometrics, macroeconomics, research methods, economics of sustainability. The various specializations include a few additional compulsory courses in order to complete the student`s academic profile.
Students are assessed throughout the learning process (assignments and oral presentations) and by final oral and written examinations. The ability to structure complex problems and a scientific approach to problem solving are important assessment criteria.
Cooperation with other institutions:
The department is a member of the National University Board for Economics and cooperates with other Norwegian universities.
Arrangements, incoming exchange students:
We highly welcome incoming guest students and will do our best to adapt our courses in order to facilitate student exchange.
Bachelor`s degree in Economics or equivalent.
Combination of lectures, seminars and independent work on exercises. Considerable use of independent study and semester assignments. Teaching is based on traditional theories, up-to-date research and issues of current interest. Academic discussions make up an important part of the learning experience. The final master`s thesis is a independent research task, carried out under supervision.
School of Economics and Business, NMBU highly recommends its students to include a semester or a year of study abroad in their education. The department and the university have exchange agreements with universities in Europe and the USA at the master`s level.
Requirements: Bachelor degree in economics or similar, including mathematics and statistics, and at least 90 ECTS of economics (micro, macro, environmental economics etc.).
Applicants must demonstrate English language ability in accordance with the NMBU regulations for programmes taught in English.
Student Information Centre email@example.com Tlf: 67 23 01 11
- 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