Master of Science

Applied Economics

Learn how to handle the combination of data and economic theories with a socioeconomic perspective. This master’s programme provides you with the analytical and quantitative skills to become a viable economist and decision maker.

English
Full-time
Oslo
Start date: August 2021

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What will you learn?

This master’s programme provides you with a solid foundation in core economic disciplines, and the tools you need to apply economics in real-life situations. It has a quantitative focus and integrates data science techniques to simulate economic models and analyse data. You will apply theories and empirical results to solve economic problems and societal issues, analyse markets, and prescribe optimal business solutions.

You will develop strong analytical skills and learn a framework for analysis that can be applied to a great variety of areas, ranging from international trade, ESG (environmental, social, and governance), business cycles and financial markets, to firm competitiveness, market analysis, and strategic behaviour. You will specialise in industrial organization and macroeconomics, and will be particularly well prepared for a career as a macro analyst or economics consultant, equipped to work with sustainability challenges.

Popular courses covered in this programme

Empirical Industrial Organization

Learn how to analyse different industrial organization issues such as the relationship between market structure and firm profitability, product differentiation, entry and market structure, innovation, and mergers.

Labor Markets and Personnel Economics

Get the knowledge and skills necessary to quantitatively analyse labor markets, wage determination, and human resource management.

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. 

Industrial Organization and Economics Consulting

Get a theoretical understanding of the field of industrial economics, and how the principles of industrial organization are applied within economics consulting, through real-world cases.

Empirical Industrial Organization

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. 

Labor Markets and Personnel Economics

Get the knowledge and skills necessary to quantitatively analyse labor markets, wage determination, and human resource management.

Industrial Organization and Economics Consulting

Get a theoretical understanding of the field of industrial economics, and how the principles of industrial organization are applied within economics consulting, through real-world cases.

Career Possibilities

With a Master of Science in Applied Economics degree, you will be a relevant and attractive candidate for a great number of positions, both in the private and public sector. Since the basic concepts in Economics are transferrable, you will be able to work all over the world. Graduates will qualify for a range of positions in different areas across:

Economics consulting/ management consulting
Chief Economist
Macro/micro analyst
Strategic advisor
Data analyst

Alexander Skjoldhammer Student Solving economic problems IRL

CUSTOMISE YOUR DEGREE

As a master student at BI, you have several exciting opportunities that will contribute to a varied and interesting student life, at the same time as you build relevant competence and gain an advantage in the job market by tailoring your degree.

Our internship programme is a credit-bearing course that gives you the opportunity to test subjects and industries based on your interests, competency, and personal qualities. An internship is valuable as a means of allowing you to experience how your field of study is applied in the business world and provides you with work experience that can be highly attractive to potential employers.
- Learn more about internship possibilities
We offer a number of elective courses so that you can adapt your studies to your own interests and goals. This way you can build up competency and pursue a combination of courses that will make you attractive and unique.
- Learn more about elective courses for this programme
Take part of your education abroad! If you want to work abroad or in an international company after your studies, this should be particularly relevant for you. Culture and language are important in all companies and organisations, but knowledge of other countries' customs, governance and behaviour can be absolutely crucial to global success.
- Learn more about exchange opportunities

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.