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Master's Programme in Economics

  • Number of credits 120 Credits
  • Study time 2 years (full time)
  • Level Master’s Degree
  • Starting Autumn Term 2020

A growing need for knowledge in economics is a feature of an ever-evolving society. Our programme offers profiles in Environmental and Resource Economics, Health Economics, as well as a general profile. We provide students with essential tools for a career as an economist.

The programme is offered by the AACSB accredited Umeå School of Business, Economics and Statistics.

While studying

The first two semesters are the same regardless of your profile choice. The first semester gives you the mathematical and econometrical skills you need for advanced level studies in economics as well as in-depth knowledge in microeconomics. The second semester contains courses in macroeconomics and labour or public economics and a 15 credit thesis.

The courses during the third semester depend on your choice of specialization. The fourth semester contains one course in labour or public economics regardless of your profile choice and continues with a course in either environmental and resource economics or health economics. The semester ends with the final master thesis.

Lectures

You will, most of the time, follow traditional lectures. Each course is five weeks long and you only take one course at the time (i.e. no parallel reading). During a normal week you will have approximately 12-15 lecture hours and during the rest of the time you are supposed to study on your own, or together with your fellow students. You can, of course, visit the professors during their office hours.

Seminars

Some of the courses, especially during the second year, will use seminars instead of lectures. The seminars are often used for discussing relevant scientific articles, current issues within economics, etc.

Students at the programme are also encouraged to attend the higher seminars held by the department, where invited guests present their research.

Master Theses

During your time at the programme you will write two 15 credit theses. These will be written at the end of each of the two years and they are good opportunities to shape your education as you to choose your own topic, which helps you take your studies in your preferred direction. The department will assign you a supervisor with whom you can discuss your research question, econometric issues and how to write your thesis in the best possible way.

Choose your specialization

  • Specialization: Environmental and resource economics
    Provided in collaboration with the Centre for Environmental and Resource Economics (CERE) and with our partners at the Swedish University of Agricultural Science.

  • Specialization: Health Economics
    Provided in collaboration with the Department of Epidemiology and Global Health at the Faculty of Medicine.

  • General profile
    You may take courses in financial economics and have good opportunities for exchange studies or internships in Sweden or abroad.

Sustainability perspective all the more important

Sustainability gets more and more attention in today's firms and organizations and we prioritize these questions in our programmes. Together with our students we are working for a more sustainable business school. Our work on sustainability takes as a starting point the 17 sustainable development goals and Agenda 2030 and our specializations in environmental or health economics give you a great opportunity to increase your knowledge.

We are certified by the environmental management system ISO 14001 and we are members of the international networks Global Business School Network (GBSN), Principles for Responsible Management Education (PRME), and Sustainable Development Solutions Network (SDSN).

Read more about our work on sustainability

Programme overview

1st Semester (fall)
Mathematics. Econometrics. Microeconomics I. Microeconomics II.

2nd Semester (spring)
Labour Economics or Public Economics. Macroeconomics I. Master Thesis I.

3rd Semester (fall)
Studies within your profile.

4th Semester (spring)
Labour Economics or Public Economics. Environmental and Resource Economics or Health Economics. Master Thesis II.

Career opportunities

The programme emphasizes the theoretical aspects of economics, but also applied parts. The combination of great theoretical skills and good econometric knowledge is very attractive on the job market in many sectors.

The future career as an economist allows you to choose among various paths. Our students may strive for a future as researchers, or to work as an expert in the public sector, to work for the central bank or the government, but can also work in the private sector, e.g. in the financial sector.

Our alumni typically work with advanced analytical tasks e.g. at Sweden's Central Bank, the Ministry of Finance, the Competition Authority, research centers, and universities and of course at all major Swedish banks. These employers, among others, will be important for you and other students in the future as well.

Application and eligibility

Master's Programme in Economics, 120 hp

Visa tillfällen för föregående termin Autumn Term 2020 Det finns inga senare terminer för kursen

Second admission round for EU/EEA citizens

Programme starts

Autumn Term 2020

Type of studies

100%, Daytime

Study location

Umeå

Language

English

Eligibility

A Bachelor's degree or equivalent first-cycle qualification comprising of at least 180 ECTS or a corresponding qualification from an internationally recognised university. 75 ECTS in economics and 15 ECTS in statistics, econometrics, mathematics or equivalent. Documented language proficiency equivalent to English 6/B from Swedish upper secondary school.

Selection

Academic credits

Application code

UMU-P2018

Application

The online application opens 16 March 2020 at 13:00 CET. Application deadline is 15 April 2020.

Application and Tuition fees

As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.

Application fee

SEK900

Tuition fee, first instalment

SEK46,500

Total fee

SEK186,000

International admission round

Programme starts

Autumn Term 2020

Type of studies

100%, Daytime

Study location

Umeå

Language

English

Eligibility

A Bachelor's degree or equivalent first-cycle qualification comprising of at least 180 ECTS or a corresponding qualification from an internationally recognised university. 75 ECTS in economics and 15 ECTS in statistics, econometrics, mathematics or equivalent. Documented language proficiency equivalent to English 6/B from Swedish upper secondary school.

Selection

Academic credits

Application code

UMU-M2018

Application

Online applications are now open. You will be transferred to Universityadmissions.se. Application deadline is 15 January 2020.

Application and Tuition fees

As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.

Application fee

SEK900

Tuition fee, first instalment

SEK46,500

Total fee

SEK186,000

Questions and answers

Contact us

Please be aware that the University is a public authority and that what you write here can be included in an official document. Therefore, be careful if you are writing about sensitive or personal matters in this contact form. If you have such an enquiry, please call us instead. All data will be treated in accordance with the General Data Protection Regulation.

Contact person for the programme is:
Tomas Raattamaa