Master of Science in Business

Major in Economics

Customise your Master of Science in Business degree by choosing a major in Economics.

What will you learn?

Economics is about understanding consumer behaviour, how markets and businesses work, and the role of public policy. You will dive into modern micro and macro theory, econometrics, data wrangling and visualisation, and learn how to simulate various economic models to learn about the impacts of policy. You learn to critically assess the key modelling assumptions, how to confront the model with data, and translating findings into recommendations for business and policy, with attention to society and sustainability. 
  
You will learn to: 

  • apply micro and macro models to analyse markets, competition, business cycles, and inflation 
  • build, estimate, and validate econometric models (time series/panel) and manage data with programming tools 
  • use models and quantitative tools to simulate economic scenarios for policy and business decisions 
  • assess causality and intervention effects, and deliver data-driven recommendations 
  • critically evaluate uncertainty, assumptions, and data limitations 
  • communicate insights clearly to decision-makers in business and the public sector 

Popular courses covered in this programme

Illustration of Strategy

Decisions, Strategy and Information

Learn about advanced methods and theories in microeconomics to understand economic decision-making and strategic interactions. Connect theory to real-world applications, with the help of digital tools.

Illustration of Cycles

Business Cycles and Monetary Policy

Learn theories for business cycles and monetary policy, and quantitative techniques for analysing and simulating macroeconomic policies.

Visualisering

Advanced Macroeconomics

Gain insight into macroeconomics at an advanced level and get analytical skills to understand what affects the economy – domestically as well as internationally.

Illustration of questionmark and numbers

Mathematics

Learn more advanced mathematical models, theories, and methods. In particular, you will be introduced to coding using Excel.

Why choose this major?

Engaging learning experiences and quality teaching are something we strive to provide, to help you build a solid skill and competency base, making you relevant for the future of work. In the video below, you will get the perspectives of our students, faculty, and the industry to understand the reasons for choosing to major in Economics at BI.

Why choose a major in Economics?

Career Possibilities

Economics graduates are sought after for their quantitative strength, economic reasoning, and problem-solving. In a world of shifting interest rates and cycles, rapid technological change, and the green transition, employers need people who can use data and models to understand what’s happening and make better decisions for firms and society. 
  
Examples of areas you can work in: 

  • Economic analysis & forecasting – cycles, inflation, scenarios 
  • Competition & market strategy (industrial organisation/pricing) 
  • Monetary, macro & financial economics – banking/finance, central banking 
  • Policy & regulatory analysis – impact assessments and evaluation 
  • Econometrics & decision support – consulting, business intelligence 

You’ll be prepared for careers in banking/finance and multinational firms, consulting, central banks and government agencies, international organisations, and non-profits. The mix of data skills, modelling, and societal perspective makes you a strong candidate for roles where data-driven decision-making and economic insight shape outcomes. 

Kristoffer Voss Sanner
Kristoffer Voss Sanner Senior Tax Auditor Petroleum Tax Office Securing the oil tax

Trying to decide which master programme is right for you? Take our Master Quiz to find your best match.

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Programme Structure

The academic year at BI is divided into two semester, one in the autumn and one in spring. There are exams at the end of each semester. This programme structure provides an overview of which courses you will be taking and when you will be taking them.

1. Year

  • 60 credits (ECTS)

Autumn

Spring

2. Year

  • 60 credits (ECTS)

Autumn

Spring

Please be aware that the study plan and courses can be subject to change.

Tuition fee

The academic year 2025-2026: NOK 122,800.
Updated fee for 2026-2027: TBA.

The tuition fee is invoiced per semester and adjusted annually. It includes access to lectures and the standard examination fee.

Students with a bachelor's degree from BI are eligible for a discounted tuition fee. Different rates apply to students from countries outside the EU/EEA and Switzerland. Certain exceptions and variations may apply.

Read more about tuition fees.