Master of Science

Applied Economics

Understand the decisions of people, firms, and policy makers, and learn economic skills that improve performance of firms’ operations, investments, and finances.

What will you learn?

You will gain a solid foundation in core economic and organisational principles and theories, looking at the boundaries of companies, competition between companies and the relationship between a company and its customers and suppliers. By combining this competence with a macroeconomic understanding of variables such as consumption, investment and productivity, and advanced insight into how economic fluctuations and politics are affected by factors like oil prices and employment, you will be equipped to solve complex economic problems. By using data science techniques to develop theories or test existing hypotheses in Economics, you gain analytical skills that will enable you to predict future trends and create business growth and innovation.

This master’s programme aims to provide you with the competence and skill set you need to go out in the real world and add value and be operational from day one.

“You should seriously consider MSc in Applied Economics if you are interested in economics consulting, macroeconomics, and the wider impact of business on society; and would like to learn new techniques in econometrics and data analysis."

Professor Espen Moen
Department of Economics

Popular courses covered in this programme

Digital illustration with charts and graphs
Digital illustration with charts and graphs

Empirical Industrial Organization

Learn applied microeconometric techniques and their applications to major issues, to analyse company decisions.

Programming code abstract
Programming code abstract

Econometrics with Programming

Understand econometric techniques and learn how to use programming as part of data analysis.

Digital illustration with charts
Digital illustration with charts

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
Industrial Organization

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. Graduates will qualify for a range of positions, like:

  • Economics Consultant
  • Chief Economist
  • Sustainability Analyst
  • Macroeconomic Analysis and Banking
  • Policy Analyst
  • Market Research Analyst
  • Management Consultant
  • Data Analyst
  • Credit and Financial Analyst

Alexander Skjoldhammer Student Solving economic problems IRL


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.

"The best part of my experience in this programme has been the people and how supportive everyone is. I was surprised by all the opportunities to engage with students and faculty; learning doesn’t stop when we leave the classroom. I feel very prepared to enter the job market and I am excited to help companies tackle real-life business problems."

Elise Melsom
MSc in Applied Economics

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.

2. Year

  • 60 credits (ECTS)


  • GRA xxxx Business and Policy in Practice (NEW COURSE)

    6 ECTS

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