Master of Science in Economics and Business Administration
Molde, Norway
DURATION
2 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
15 Apr 2024
EARLIEST START DATE
Aug 2024
TUITION FEES
NOK 197,000 / per year *
STUDY FORMAT
On-Campus
* only applies to NON-EU / EEA / Switzerland students
Introduction
Through our research-based curriculum at Molde University College, we allow our students to build a deep understanding of Economics and Business Administration which is necessary to achieve a successful career in the modern world.
Your choice of study programme is important. It advertises to future employers what your interests are and what kind of work you can do. A master’s degree in Economics and Business Administration advertises to future employers that you are interested in economics and business and that you can handle difficult decisions. Our graduates are well-equipped to work as managers, advisors, or specialists, within various organizations in both the private sector and the public sector.
Our programme focuses on developing our students’ analytical skills to a high level. Analytical skills are important when you face difficult business decisions. The main profile of the programme is economic analysis. Our students learn how to use insights from economics to analyse important decisions both within the private sector (financial economics) and within the public sector (infrastructure investments, trade, growth, & sustainability). Our programme supports the development of economic knowledge with training in important analytical tools such as decision and game theory, statistics, and econometrics. Our goal is to equip our students with the necessary tools to write a master’s thesis which they proudly can show to potential employers as evidence of their capabilities. Our program also allows our students to broaden their knowledge by choosing electives from other fields within business administration such as organization, marketing, strategy, and logistics. Students may also choose to spend one semester abroad at one of our partner institutions to broaden their cultural knowledge.
Why Choose this Programme?
The programme suits everyone who seeks a career as a decision-maker or as a close advisor to a decision-maker in both the private sector and the public sector. The programme is particularly well-suited for everyone who seeks a career as an economic decision-maker or as an economic advisor/specialist.
Our programme seeks to develop your economic knowledge and your ability to make rational decisions by collecting and analysing data. We are therefore particularly seeking students with an interest in working with economic models and economic data.
A bachelor’s degree in Economics and Business Administration or similar (see admission) is a pre-requisite for admission to the master’s programme.
Gallery
Admissions
Program Outcome
Degree/title obtained
Master of Science in Economics and Business Administration
Learning outcomes
We divide the goals into three categories, general knowledge, specific knowledge, and skills. The goals for each category are listed below.
General Knowledge
- Be able to communicate ideas and research effectively
- Be able to criticize ideas and research constructively
- Be able to use digital tools efficiently
- Be able to use the specific knowledge and skills in new creative ways
Specific Knowledge
- Understand how the financial markets work, how corporations are financed, and how investments are evaluated
- Understand how rational decisions are made, and what types of mistakes real flesh-and-blood people are likely to make
- Understand how globalization and international trade affect the development of individual countries, and how national strategies affect the outcome
- Understand how investments in the public sector are evaluated, and the theoretical foundations of these evaluations
- Understand how statistics and econometrics may be used to support rational decision-making with relevant software
- Understand how to identify relevant research questions, and how to develop strategies to answer these
Skills
- Be able to use arbitrage-pricing-theory and game theory to evaluate investment decisions and financing decisions
- Be able to use decision and game theory more generally, and be aware of behavioural pitfalls
- Be able to discuss the pros and cons of different national strategies for development and trade
- Be able to use cost-benefit analysis to evaluate public sector investments
- Be able to use empirical methods to support the skills above
- Be able to develop a research question, and do relevant research to answer the question
Program Tuition Fee
Career Opportunities
Our master’s programme in Economics and Business Administration also gives you an excellent background to pursue further studies at the PhD-level.
Our master’s programme in Economics and Business Administration gives you the opportunity to develop knowledge and skills which are in high demand in the labour market. Analytical skills are often more challenging to acquire than many other skills. The result is that fewer people acquire these skills leaving more jobs (and pay) for those who do. Analytical skills are also becoming more important as civilization advances to new heights. The digital age is producing more economic data to process for economists with a solid background in decision-making, statistics, and econometrics. Our graduates are well-equipped to work as managers, advisors, or specialists, within various organizations in both the private sector and the public sector.