The PhD programme in economics trains candidates to engage in high quality scientific research, making use of economic theory and state of the art econometric methods.

Specialisation Objectives

The programme prepares candidates for the international academic job market, for positions in research organisations and consulting firms, as well as national and international institutions like central banks, the IMF and the World Bank.

Department of Economics

The Department of Economics has a strong research-oriented faculty working within all fields of economics. The department hosts five research centres; Centre for Monetary Economics (CME), Centre for Research in Economics and Management (CREAM), Centre for Applied Macro and Petroleum Economics (CAMP), Centre for Experimental Studies and Research (CESAR), and Centre for Applied and Theoretical Econometrics (CATE).CAMP's objectives are to advance research and postgraduate training in relevant fields. The centre will conduct original and objective research to improve the understanding of macroeconomic issues of resource rich economies, and act as a forum for discussion of policy issues between academia, government and the private sector.

CME has established a professional network and organises meetings and seminars for researchers and economists working in academic institutions, financial markets, the Norwegian central bank, the Norwegian Treasury, the Financial Supervision Authority of Norway, and other institutions. CME organizes the annual review of monetary policy (Norges Bank Watch), which is financed by the Ministry of Finance.

The objective of CREAM is to provide high quality research in the fields of industrial organization and labour economics, to provide research-based advice to decision makers in the public and private sectors, and to serve as a network for researchers and decision makers.

Experimental methods take advantage of randomization and tight control to make statements about the causal effects of policies. Experimental methods are applied in the laboratory as well as in the field. CESAR provides high quality research and analysis using economic theory and experimental methods.

CATE was created in 2016 with the aim of furthering applied and theoretical econometric research.

The Department is a member of the Nordic Network in Economics – a joint Nordic initiative offering intensive PhD courses by academic leaders, and financing the participation of PhD candidates from all the Nordic countries.

Read more about the Department of Economics


Areas of Research

The Department's faculty members are actively engaged in academic research. Without being exhaustive, the following list of research areas covers the main research output from the Department of Economics in recent years:

  • Macroeconomics, business cycles and monetary policy
  • Microeconomics, and industrial organisation
  • Macro-finance
  • Theoretical, and experimental economics
  • Labour economics
  • Political economy
  • International macroeconomics
  • Housing economics
  • Statistics and econometrics

For each of these fields, the department maintains an international network of colleagues at other institutions. This is also reflected in the department's weekly seminar series.

Distinguishing Features of the Specialisation

  • The Department cooperates with the Department of Finance at BI as well as with the Department of Economics at the University of Oslo, located close to BI.
  • Candidates are encouraged to make a long-term visit to a foreign university that is part of the Department's international network. Recent PhD students have visited Northwestern University, UC Berkeley, Princeton, Yale, Brown, UC San Diego, among others.
  • The Nordic Network in Economics offers a wide range of advanced PhD courses in Economics

"The Department of Economics has one of the strongest economic research communities in Norway, in particular within macro and monetary economics. PhD students are offered a comprehensive and up-to-date course portfolio, combined with close, stimulating guidance by leading scholars."


BI PhD alumnus, Senior Advisor, Research Department, Norwegian Central Bank

"PhD candidates at the Department of Economics have a unique opportunity to participate in a top-tier research environment. Researchers at the Department of Economics consistently produce research in the most prestigious international journals. The department has a strong culture for research collaborations between faculty and PhD candidates. It is an outward-oriented and growing department, hiring some of the best universities across the world. "

Ragnar E. Juelsrud

PhD Candidate

PhD scholarships

All PhD candidates receive financial support when accepted into the programme. The candidates are hired as full-time employees on an initial four-year contract. Continuation of the support through the four years of the program is dependent on good standing and regular progress towards completing the programme’s requirements. PhD candidates are entitled to full parental leave and health insurance, and are part of the Norwegian Public Service Pension Fund. The workplace is BI Norwegian Business School at its main campus in Oslo.