14. mars 2022.
The Economics (ECN) major teaches tools to analyse markets and industries and the economic challenges facing private business, public institutions and international organisations.
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.
The Economics major studies what motivates and drives decisions for individuals, companies, competitors and authorities, and what determines prices, returns and economic allocations.
You will be equipped to analyse a diverse set of core economic questions such as:
- What are the effects of the financial crisis on the economy?
- Why are some mergers not profitable?
- Is taxing wealth a good idea?
- How fast should oil resources be exploited?
The Economics profile contains three mandatory courses:
- Macroeconomics cover areas such as business cycles, inflation and economic growth in a national and global perspective, including monetary and fiscal policy.
- Microeconomics focuses on consumer behaviour and strategic interaction between companies in markets with imperfect competition and on how information and uncertainty affect decision-making.
- Econometrics applies statistical methods to economic data in order to analyse economic themes with a focus on regression analysis and extensive use of practical lab exercises.
- Bachelor’s degree: 90 ECTS must be within economics and business administration. Your GPA should correspond approximately to a B on the ECTS grading scale.
- GMAT or GRE
- English language requirement
- Curriculum vitae (résumé)
- Documentation of financial ability: All citizens outside the EU/EEA-area and Switzerland must document financial ability.
- Documentation of identity
- Online video and written assessment
For more information about the admission requirements, please visit www.nhh.no.
You need to log on to NHH's page in the Norwegian application portal, SøknadsWeb to apply. The application portal opens 1 November every year. Visit NHH's website for more information about the admission process.
Candidates who have completed the Economics major, have acquired the following:
K1: a solid understanding of microeconomic models analysing demand and consumer behaviour, competition and firm strategy, as well as market structure and information;
K2: 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;
K3: knowledge of econometric methods to analyse economic data, and an understanding identification of causal effects and prediction;
K4: an understanding of models and methods used in specialised areas in economics.
S1: the ability to work with and analyse analytic models of the economy;
S2: a critical understanding of the main theoretical models describing economic behaviour both at the micro- and macroeconomic level;
S3: the ability to analyse economic data and contrast and compare empirical predictions and implications across different economic models
C1: the ability to utilise available information and data with necessary critical understanding of sources;
C2: the ability to analyse economic questions using a combination of theoretical and empirical models;
C3: the ability to formulate research questions in economics and provide answers using both theoretical and empirical methods.
C4: the ability to work in teams and to communicate on economic issues to both specialists and a wider audience
If you have a desire to learn more, to explore new ideas, enjoy innovating and wish to develop intriguing insights in the field of economics and business administration after completing your master's degree, pursuing a PhD at NHH may be your next journey!
As a PhD research scholar you will be a member of our faculty. You will be working closely with leading professors in your field, who have a significant impact on government policies, business practice and academic thought. You will be included in a thriving intellectual community, which enjoys a close collaboration with leading business schools worldwide.
The purpose of our three (or four) year, fully funded programme, is to give the scholar a deepened and broadened theoretical and methodological knowledge, alongside the experience of producing a substantial piece of original scientific work. The conferral of the PhD in economics and business administration signifies expertise in a major field of study.
The majority of our PhD graduates develop an academic career, but an increasing number take on leading positions in management, consultancy or in larger organisations.
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).
As an NHH student you have excellent opportunities to gain valuable international experience during your studies through exchange programmes, the CEMS Master's in International Management (MIM) joint degree, the Double Degree programme and summer courses.
NHH currently participates in exchange and study abroad agreements with 170 universities and business schools in more than 50 countries.