The Master's programme in Economics studies what motivates and drives decisions for individuals, companies, competitors and authorities, and what determines prices, returns and economic allocations.

Understanding economic mechanisms is vital for the success of business and the design of public policy and this master’s programme offers a thorough and comprehensive education in economic theory and empirical methods.

Candidates who have completed the Economics profile, have acquired the following at the end of the programme:

Knowledge:

• a solid understanding of microeconomic models analysing demand and consumer behaviour, competition and firm strategy, as well as market structure and information
• a solid understanding of macroeconomic models analysing growth and business cycles in the aggregate economy, inflation and employment, as well as monetary and fiscal policy
• knowledge of econometric methods to analyse economic data, and an understanding identification of causal effects and prediction
• an understanding of models and methods used in specialised areas in economics.

Skills:

• the ability to work with and analyse analytic models of the economy
• a critical understanding of the main theoretical models describing economic behaviour both at the micro- and macroeconomic level
• the ability to analyse economic data and contrast and compare empirical predictions and implications across different economic models

Competences:

• the ability to utilise available information and data with necessary critical understanding of sources
• the ability to analyse economic questions using a combination of theoretical and empirical models
• the ability to formulate research questions in economics and provide answers using both theoretical and empirical methods
• the ability to work in teams and to communicate on economic issues to both specialists and a wider audience.

Students graduating from the Economics profile work in both the private and public sector, in consultancy and analysis, banks, insurance, telecom, energy, or the oil sector. Public employers of students of the economics profile include Norges Bank, ministries and regulators, as well as international organisations (World Bank, IMF, OECD).