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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 2018

A growing need for knowledge in economics is a feature of an ever-evolving society. The Master's Program in Economics seeks both to broaden the content of the undergraduate program and to provide students with essential tools for advanced studies and a career as an economist. The faculty members teaching and supervising in the Master's Program in Economics have a strong standing in the international research community and good connections to authorities and firms. The program is offered by Umeå School of Business and Economics.

While studying

The first two courses at the program give you the mathematics and econometrics skills you need for advanced level studies in economics and the rest of the semester focuses on microeconomics. The second semester contains courses in macroeconomics and labor or public economics and the first master's thesis. The courses during the third semester depend on your choice of specialization. The third semester is also when you can do an internship or go on an exchange. Finally, the fourth semester contains a course within your specialization, and the final master thesis.

Specializations

Within the scope of CERE and with our partners at Swedish University of Agricultural Science we have created a profile in Environmental and Resource Economics and together with the Faculty of Medicine we can offer a profile in Health Economics. If you chose to study the general profile you have good opportunities for exchange studies or internships in Sweden or abroad. No matter what your choice is, it will be a great experience and good to have on your CV!

Specialization: Environmental and resource economics
Specialization: Health Economics

Lectures

You will, most of the time, follow traditional lectures. The teachers are mainly professors from the Department of Economics, but we try to involve guest professors to make use of their expert skills. Each course covers five weeks and you only take one course at the time (i.e. no parallel reading). A normal week will have approximately 12-15 lecture hours. 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 program are also encouraged to attend the higher seminars held by the department, where invited guests present their research.

Internship

You can use part of your time as a student at the program for a work placement or an internship. Doing an internship can be a good investment. Take the chance to try your wings and to show your skills!

You can do the internship during the third semester, which will be registered as a 15 or 30 credit course (equivalent to 10 or 20 weeks). The internship should be done at a suitable work place in Sweden or abroad, and the only requirement is that your job can be related to your education. You must find the internship position on you own (even if we are posting all positions we get information about) and the position must be approved by the program coordinator.

Students at the program have been doing internships at places like:

  • The European Investment Bank
  • The Ministry of Finance
  • Svenska Spel
  • The Swedish Parliament
  • North Sweden, Brussels
  • County and Municipality Administrations
  • Major banks

Study Abroad

Studying abroad is a perfect way to combine academic studies and a cultural experience. As an international student at the program you are already studying abroad but why not experience another country as well? By studying abroad, you can increase number of courses to choose from. Even if we offer you a full program, we can't offer courses within all fields of economics. Instead, we give you the possibility to apply for exchange studies at universities around the world. As an exchange student you are exempt from tuition fees at our partner universities (but you may still need to pay tuition to Umeå University).

Master Theses

During your time at the program 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 subject, which helps you take your studies in your preferred direction. In order to help you the department will give you a supervisor with whom you can discuss you research question, econometric issues and how to write your thesis in the best possible way.

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)
Courses within the profile "Environmental- and Resource Economics". Courses within the profile "Health Economics". Elective if no profile is chosen.

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

Career opportunities

The program 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. Many of our students are striving for a future as a researcher and apply for a PhD position after graduating from the Master's Programme.

Other options for an economist are to work as an expert in the public sector, to work for the central bank or the government but also to work in the private sector, especially 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 in all major Swedish banks. These employers, among others, will be important for you and other students in the future as well.

Degree

Master of Science (60 credits). Major field of study: Economics
Master of Science (120 credits). Major field of study: Economics. Specialization in Environmental- and Resource Economics or Health

 

Application and eligibility

Master's Programme in Economics, 120 hp

Visa tillfällen för föregående termin Autumn Term 2018 Det finns inga senare terminer för kursen

International admission round

Programme starts

Autumn Term 2018

Type of studies

100%, Daytime

Study location

Umeå

Language

English

Eligibility

Proficiency in English equivalent to Swedish upper secondary course English B (IELTS (Academic) with a minimum overall score of 6.5 and no individual score below 5.5. TOEFL PBT (Paper-based Test) with a minimum score of 575 and a minimum TWE score of 4.5). TOEFL iBT (Internet-based Test) with a minimum score of 90 and a minimum score of 20 on the Writing Section). Where the language of instruction is Swedish, applicants must prove proficiency in Swedish to the level required for basic eligibility for higher studies. A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 ECTS) from an internationally recognised university with a major in Economics. Special requirements: 90 ECTS in Economics (or the comparable experience), including a mandatory undergraduate thesis worth 15 ECTS or the equivalent writing experience. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.

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 2018.

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

SEK45,000

Total fee

SEK180,000

Second admission round for EU/EEA citizens

Programme starts

Autumn Term 2018

Type of studies

100%, Daytime

Study location

Umeå

Language

English

Eligibility

Proficiency in English equivalent to Swedish upper secondary course English B (IELTS (Academic) with a minimum overall score of 6.5 and no individual score below 5.5. TOEFL PBT (Paper-based Test) with a minimum score of 575 and a minimum TWE score of 4.5). TOEFL iBT (Internet-based Test) with a minimum score of 90 and a minimum score of 20 on the Writing Section). Where the language of instruction is Swedish, applicants must prove proficiency in Swedish to the level required for basic eligibility for higher studies. A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 ECTS) from an internationally recognised university with a major in Economics. Special requirements: 90 ECTS in Economics (or the comparable experience), including a mandatory undergraduate thesis worth 15 ECTS or the equivalent writing experience. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.

Selection

Academic credits

Application code

UMU-02018

Application

The online application opens 15 March 2018 at 13:00 CET. Application deadline is 16 April 2018.

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

SEK45,000

Total fee

SEK180,000

Questions and answers

Contact us

Contactperson for the programme is: Tomas Raattamaa

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