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Programme syllabus:

Master's Programme in Economics, 120 Credits

Swedish name: Masterprogrammet i Nationalekonomi

This programme syllabus is valid: HT19 and until further notice

Programme code: SANEM

Credit points: 120

Registration number: FS 3.1.3-1929-18

Responsible faculty: Faculty of Social Sciences

Revised by: Board of Umeå School of Business and Economics, 2018-09-26

Entry Requirements

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.

Degree

Master of Science (60 credits). Major field of study: Economics
Master of Science (120 credits). Major field of study: Economics. Specialisation available: Environmental- and Resource Economics and Health Economics.

Description of the education for current education cycle

Description of the education for current education cycle

Description of the education within the second cycle
Education on advanced level should build further upon knowledge retained during basic level studies or the equivalent.
Advanced level education shall involve a deepening of knowledge, skills and abilities relative to first cycle education and, in addition to what applies to first cycle education
- further develop students' ability to independently integrate and use knowledge,
- develop students' ability to deal with complex phenomena, issues and situations, and
- develop students' potential for professional activities that demand considerable independence or for research and development.
Higher Education Act 1 cpt 9 § (Högskolelagen 1 kap 9 §)

 

National goals for current degree

National goals for Master of Science Degree 60 credits
Knowledge and understanding
For Master of Science Degree 60 credits, the students should be able to
- show knowledge and understanding in their main field of study, including both an overview of the field and deeper knowledge of certain parts of the field and insight into current research and development, and
- demonstrate deeper methodological knowledge in their main field of study.

Skills and abilities
For Master of Science Degree 60 credits, the students should be able to
- demonstrate the ability to integrate knowledge and to analyze, assess and deal with complex phenomena, issues and situations, even with limited information,
- demonstrate the ability to independently identify and formulate questions to address and to plan and use appropriate methods to carry out advanced tasks within specified time limits;
- demonstrate the ability to verbally and in writing present and discuss their conclusions and the knowledge and arguments behind them, in dialogue with different types of groups, and
- demonstrate the skills required to participate in research and development work or to work in other advanced contexts.
Ability to evaluate and approach
For Master of Science Degree 60 credits, the student should be able to
- demonstrate the ability within the main field of study to make judgments with regard to relevant scientific, social and ethical aspects, and demonstrate an awareness of ethical aspects of research and development,
- show insight into the possibilities and limitations of science, its role in society and the human responsibility for its use, and
- demonstrate the ability to identify the personal need for further knowledge and to take responsibility for the personal competence development.

National goals for Master of Science Degree 120 credits
Knowledge and understanding
For Master of Science Degree 120 credits, the students should be able to
- show knowledge and understanding in their main field of study, including both an overview of the field and deeper knowledge of certain parts of the field and insight into current research and development, and
- demonstrate deeper methodological knowledge in their main field of study.

Skills and abilities
For Master of Science Degree 120 credits, the students should be able to
- demonstrate the ability to critically and systematically integrate knowledge and to analyze, assess and deal with complex phenomena, issues and situations, even with limited information,
- demonstrate the ability to critically, independently and creatively identify and formulate questions to address and to plan and use appropriate methods to carry out advanced tasks within specified time limits and by so doing add to the knowledge development and to evaluate this work.
- demonstrate the ability to verbally and in writing present and discuss their conclusions and the knowledge and arguments behind them, in dialogue with different types of groups, and
- demonstrate the skills required to participate in research and development work or to work independently in other advanced contexts.

Ability to evaluate and approach
For Master of Science Degree 120 credits, the student should be able to
- demonstrate the ability within main field of study to make judgments with regards to relevant scientific, social and ethical aspects, and demonstrate an awareness of ethical aspects of research and development,
- show insight into the possibilities and limitations of science, its role in society and the human responsibility for its use, and
- demonstrate the ability to identify the personal need for further knowledge and to take responsibility for the personal competence development.

Higher Education Ordinance, Appendix 2 - System of Qualifications (Högskoleförordningen, Bilaga 2 )

Local goals for current degree

For a Degree of Master in Science (120 Credits) in Economics with a specialization in Environmental and Resource Economics the student should:
-    Show knowledge and understanding regarding the interplay between economic factors and the environment but also how economic models and econometric methods can be used for evaluations and development of environmental policy instruments.

For a Degree of Master in Science (120 Credits) in Economics with a specialization in Health Economics the student should:
-    Show knowledge and understanding regarding economic aspects of public health but also how economic models and econometric methods can be used for evaluations and development of health systems.

Examination format

See course syllabuses.

Grades

The program applies a three-point grading scale with the grades Pass with distinction, Pass and Fail unless otherwise stated in the syllabus for a particular course. Those who pass an exam cannot redo the exam aiming for a higher grade.

 

Transfer of Credits

Students have the right to apply for recognition of previous courses or activities that can be accepted for credit transfer. For more information see Higher Education Ordinance.

A negative decision on transfer of credits is possible to appeal to the Higher Education Appeals Board. A negative decision will be motivated in writing.

General

The program contains compulsory courses as well as electives. The choice of electives is made after consulting the Program Coordinator or the Study Advisor. The courses in the program are read in the order described in the program outline presented below. The order of the courses can be changed in the future. Information about the individual courses is found in the course syllabuses.

During the third semester the student will take courses within its profile area, if a profile is chosen. The choice of profile will also determine the profile course on the fourth semester. Students not selecting a profile can choose their own courses during the third semester.

Thesis
To graduate with a One-year Master’s Degree the student must fulfil the course requirements, wich include a master thesis in economics of 15 ECTS. To receive a Two-year Master’s Degree there is a requirement of a second 15 ECTS  master thesis in economics included in the course requirements.

Program outline

1st Semester Mathematics 7.5 ECTS
Econometrics 7.5 ECTS
Microeconomics 15 ECTS
2nd Semester Public Economics or Labour Economics 7,5 ECTS (every second year)
Macroeconomics 7.5 hp
Master thesis 15 hp
Option to graduate after one year
 
  No selected profile Profile:
Environmental and Resource Economics
Profile:
Health Economics
3rd Semester Electives 30 ECTS
 
Courses within the Environmental and Resource Economics 30 ECTS Courses within the Health Economics Profile 30 ECTS
4th Semester Public Economics or Labour Economics 7.5 ECTS (every second year)
Environmental Economics 7.5 ECTS
Master thesis 15 ECTS

Public Economics or Labour Economics 7.5 ECTS (every second year)
Environmental Economics 7.5 ECTS
Master thesis 15 ECTS (oriented to the profile area)
Public Economics or Labour Economics 7.5 ECTS (every second year)
Health Economics 7.5 ECTS
Master thesis 15 ECTS
(oriented to the profile area)
       
  Master´s degree (120 credits) in Economics Master´s degree (120 credits) in Economics. Specialisation: Environmental and Resource Economics Master´s degree (120 credits) in Economics. Specialisation: Health Economics

Deferment of studies

Deferment of study entry may be granted if special circumstances exist. Examples of specific reasons are social, medical or other special circumstances such as child care, military or civil service, student union assignments or postponed leave according to law (1974:981) on work labour rights to time off for education. Application for deferment is to be submitted to Studentcentrum.
A negative decision on deferment of enrolment may be appealed to the Higher Education Appeals Board.
 

Approved leave from studies

The student admitted to the program may apply for approved leave from studies. Approved leave from studies guarantees admission to course upon return and may be granted for the following reasons: social, medical or other special circumstances such as child care, military or civil-service or student union assignments. The application is to be submitted to the Department of Economics.
A negative decision to resume studies after study breaks can be appealed to the Higher Education Appeals Board.
 

Discontinuation

Students who drop out  shall notify the Department of Economics.
 

Other

Access to courses in the program is governed by the course syllabus.