Master of Science

Applied Economics

Obtain a real-world understanding of how firms and consumers interact, and acquire the skills to analyse the market and thereby enhance companies’ performance.

English
Full-time
Oslo
Start date: August 2024

This programme is currently undergoing a redesign and will not be offered in 2023, but will return in a different format with new features in 2024. We hope you will join us then!

What will you learn?

You will obtain a thorough understanding of the mechanisms that shape firm behaviour and market outcomes, which will empower you to thrive in a range of sectors, including consulting, finance, and data analysis.

What sets Applied Economics apart?

Unlike a classic Economics degree, a degree in Applied Economics has direct relevance to the private sector. You will gain a solid foundation in economic theory and learn how to apply these models to data on firm performance, real-world business cases, and reforms in economic policy.

How can firms thrive in a competitive environment? How should companies respond to economic shocks? By providing insight into these questions, you can help companies and policymakers navigate today’s complex market environment. Your analysis will be data-driven, based on a mathematical model of a particular market, and informed by a deep understanding of the overall economy. You will specialise in rigorous analysis of concrete markets without losing sight of the bigger picture.

“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

Econometrics with Programming

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

Digital illustration with charts and graphs

Industrial Economics II: Business Strategy and Competition

Apply microeconometric techniques to analyse company decisions and market outcomes.

Economics Consulting: Cases

Through real-world cases you will obtain a theoretical understanding of the field of industrial economics and how its principles are applied in economics consulting.

Markets and Innovation in a Digital Age

Analyse how the digital world shapes the interaction between buyers and sellers.

Career Possibilities

With a Master of Science in Applied Economics, you will be a viable candidate for a broad range of positions and industries, both in Norway and internationally. Below are some of our former students and the positions they secured straight after graduation.

PhD candidate in Economics at NTNU

Name: Sepehr Cyrusian

Data Analyst at Xeneta AS

Name: Morten Nilsen

Country: Norway

Graduate at Norges Bank Investment Management

Name: Elise Melsom

Country: USA

Auditor, KPMG

Name: Jingxin Su

Country: China

Federico Esteban Herrera Associate KPMG Associate at KPMG

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
As a Master of Science in Applied Economics student, you can add an international dimension to your degree by choosing the QTEM Masters Network Exchange option. This offers students access to prestigious schools in the QTEM network, in different countries. QTEM stands for Quantitative Techniques for Economics and Management, and was founded in 2012 by a group of leading universities and corporate partners.
- Learn more about the QTEM Masters Network

"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

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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.