Master's Programme in Economics

Tutkinto:

Kauppatieteiden maisteri.
Katso lisätietoja.

Laajuus:

120 opintopistettä (ECTS)

Koulutusala:

Kauppatieteellinen ala

Kesto:

2 vuotta, kokopäiväistä opiskelua

Hakukelpoisuus:

Alempi korkeakoulututkinto soveltuvalta alalta tai vastaavat opinnot.

Opetuskieli:

englanti
Katso lisätietoja.

Korkeakoulu/t:

Kauppakorkeakoulu

Hakuaika:

15.12.2017 - 24.01.2018

Economics Aalto University

The Master's Programme in Economics develops your ability to apply economic theory to a wide range of economic phenomena.

The programme qualifies you both to understand the connection between micro- and macroeconomic questions and to see the causality between such questions.

In addition, the programme equips you with appropriate econometric and mathematical analytical tools to address economic issues and problems. You will learn to analyse, organise and effectively communicate your analyses.

Programme overview: Applied Microeconomics and International Economics

In the Master's Programme in Economics, you will gain internationally comparable qualifications and knowledge which are valuable in demanding job markets. You will particularly be able to focus on two key areas:

  • Applied Microeconomics, including Environmental and energy economics, Labour and personnel economics, Industrial organization, Game theory, and Applied microeconometrics, and
  • International Economics, including Development economics

The programme has a long-term cooperative agreement with other leading-edge universities. This means that you will also be able to take economics courses at the following institutions in addition to the Department of Economics at the Aalto University School of Business:

  • Department of Political and Economic Studies at the University of Helsinki
  • Department of Economics of Hanken School of Economics
  • Wider Institute, i.e. United Nations University World Institute for Development Economics Research

Learning outcomes

The Master’s Programme in Economics gives you a solid education in how to produce, analyse and use economic data to tackle the challenges faced by organizations and the broader society.

Upon graduating from the programme, you will be able to

Understand economic theory and use it in new situations

  • read most scientific literature in the field
  • understand modern microeconomics and macroeconomics at a general level, and selected subfields of economics at a deeper level
  • make small modifications to existing theoretical models
  • interpret real-world phenomena in the light of theories

Use arguments based on economic theory in practice

  • formulate recommendations for decision making both in the public and private sector
  • analyse the effects of policies

Apply quantitative skills for efficient use of data

  • use and interpret economic data critically
  • use statistical methods to examine relationships and to test economic hypotheses

Communicate fluently both to economic experts and non-experts, orally and in writing

Broad career prospects

As a graduate of Economics, you will have broad career prospects in areas that require strong economic expertise and analytical skills.

Examples of positions held by our graduates in firms, the financial sector, research institutes, public administration, and international organizations include:

  • economist
  • specialist
  • analyst
  • consultant

The programme also gives you a good background for doctoral studies in economics.


ADMISSION REQUIREMENTS

1. General admission requirements

The application must first fulfil the general eligibility requirements before it is sent to the Master's programme for academic evaluation. Please read carefully the general admission requirements, information on admission groups, selection schedule, required application documents and application instructions on our website section admissions. See also language requirements.

In addition to the general eligibility requirements, each Master's programme has programme-specific evaluation criteria.
 

2. Programme-specific requirements


Required previous studies

To be considered for admission the applicant must have completed intermediate level courses in:

  • Macroeconomics;
  • Microeconomics;
  • Econometrics *; and
  • Mathematical Methods of Economics **.

The Econometrics and Mathematical Methods of Economics courses can be replaced with other adequate enough courses in statistical and mathematical methods.

* The Econometrics course (or an equivalent statistical methods course) should have covered multivariate regression analysis with cross section and time series data and hypothesis testing.

** The Mathematical Methods of Economics (or an equivalent mathematical methods course) should have covered linear algebra; functions of several variables; unconstrained and constrained optimization; difference equations and differential equations.

The required studies must be explicitly pointed in the application and the motivation letter. Course descriptions of these courses must be included in the application. It is the applicant’s responsibility to provide adequate information on the content, extent and grading of the courses. The applicant’s previous methodological studies and studies in economics, giving the ability to start the advanced studies, are assessed by a representative of the programme. Please note that the programme does not evaluate previous studies of applicants in advance.

Note that applicants who have completed a Master’s degree (higher academic degree) with the major subject in Economics are not eligible to apply for the Master’s Programme in Economics.

The applicants that fulfil the above requirement of previous studies are ranked according to the criteria below.


ADMISSION GROUP 1

Applicants who have a Finnish lower university degree in “Economics and Business Administration” (name of degree: kauppatieteiden kandidaatin tutkinto, KTK) or a Finnish “Bachelor of Social Science” (valtiotieteen kandidaatin tutkinto, VTK) with major in Economics.

1) Weighted GPA of previous studies in economics

Applicants with GPA of their previous studies in economics lower than 3.50 are not eligible for admission.

2) Motivation letter

The motivation letter is written in English into the electronic application system and the maximum length of the letter is 4000 characters (including space characters). The motivation letter should answer at least the following questions:

  • Why am I applying for admission to this particular study programme?
  • What are my abilities to study Economics?

Particular attention should be paid to explaining how your previous studies cover the requirements of intermediate level Microeconomics, Macroeconomics, Econometrics and Mathematical Methods of Economics.

 

ADMISSION GROUP 2

Applicants who have a Finnish university degree other than those listed in admission group 1, an applicable university of applied sciences degree or an applicable university degree completed abroad.

1) Weighted GPA of previous studies in economics

Applicants with GPA of their previous studies in economics lower than 3.50 (Finnish ECTS evaluation) are not eligible for admission. The ECTS verbal grade equivalent for GPA 3.50 is “very good” (ECTS grading scale 1-5; where 5 is the highest grade).

2) GMAT score (or comparable GRE score)

GMAT or GRE is obligatory in admission group 2. Minimum score 550 in GMAT or equivalent GRE score.

3) Motivation letter

The motivation letter is written in English into the electronic application system and the maximum length of the letter is 4000 characters (including space characters). The motivation letter should answer at least the following questions:

  • Why am I applying for admission to this particular study programme?
  • What are my abilities to study Economics?

Particular attention should be paid to explaining how your previous studies cover the requirements of intermediate level Microeconomics, Macroeconomics, Econometrics and Mathematical Methods of Economics.

 

Contact information

Location: Aalto University School of Business, Töölö Campus, Helsinki

Further information:

  • For information on admissions and applying instructions please read carefully the Admissions section on our website.
  • Information on the studies in the Master's Programme in Economics (in the academic year 2017-2018) is available in the online Study Guide.

Contact:

  • After reading all the instructions on our website, if you have general questions on admission and applying, you can contact admissions [at] aalto [dot] fi
  • For questions concerning studies or academic evaluation of the programme, please contact Study Coordinator Laura Törmälä, Economics-coordinator-les-biz [at] aalto [dot] fi. Please note that the programme does not evaluate documents or previous studies of applicants in advance.

Sivusta vastaa: | Viimeksi päivitetty: 25.10.2017.