To complete the degree in 2 years it is recommended to spread the courses to each of the 5 periods evenly. This would mean about 12 credits per period, but depending on your choices one period can be heavier than another.

First year 

• Applied Microeconometrics I  (6 cr), I period
• Capstone: Microeconomic Policy (6 cr), II period
• Macroeconomics: Policy (6 cr), III period
• Elective studies for the programme and the degree / minor

Second year

If you choose exchange studies as a minor, it is recommendable to complete it during the autumn semester of the second year of studies

• Master’s Thesis seminar (6 cr), I-II periods or III-IV periods
• Master’s Thesis and Maturity test (30 cr)
• Elective studies for the programme and the degree / minor / exchange studies

Enrollment to the Master's thesis seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).

Economics MSc Thesis Information: aalto-econ.fi/gradu

To complete the degree in 2 years it is recommended to spread the courses to each of the 5 periods evenly. This would mean about 12 credits per period, but depending on your choices one period can be heavier than another.

First year 

Autumn term

• Applied Microeconometrics I (6 cr), I period 
• Capstone: Microeconomic Policy (6 cr), II period 
• Environmental Economics I (5 cr), II period (30.10.–23.12.2024) *⁾
• Economics electives
• Minor studies / elective studies 

^{*) Offered by the Master’s program in Agricultural, Environmental and Resource Economics (AGERE) at the University of Helsinki (UH). Please note that the teaching periods differ in Aalto and UH.}

Spring term

• Environmental Economics II: Mechanisms (5 cr), III period (13.1.–9.3.2025) ^*)
• Economics of Energy Markets (6 cr), IV period 
• Economics electives
• Minor studies / elective studies 

^{*) Offered by the Master’s program in Agricultural, Environmental and Resource Economics (AGERE) at the University of Helsinki (UH). Please note that the teaching periods differ in Aalto and UH.} 

Second year

If you choose exchange studies as a minor, it is recommendable to complete it during the spring semester of the second year of studies. 

• Advanced Environmental Economics (6 cr), I-II periods
• Master’s Thesis seminar (6 cr), I-II periods or III-IV periods
• Master’s Thesis and Maturity test (30 cr)
• Minor studies / Exchange studies / elective studies 

Enrollment to the Master's thesis seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).

Economics MSc Thesis Information: aalto-econ.fi/gradu

The research master courses (Advanced Econometrics, Advanced Macroeconomics and Advanced Microeconomics) are arranged within the Helsinki Graduate School of Economics cooperation. The course details are given on Helsinki GSE website at: https://www.helsinkigse.fi/courses

Research master courses can be taken over two years. If you choose exchange studies as a minor, it is recommended for the second year of studies. Make sure to plan the exchange well in advance so that it fits well with your studies. To complete the degree in 2 years, students are recommended to complete about 60 credits per year.

First year 

It is recommended to take at least some of the courses listed below during the autumn and spring terms of the first year. You need to take at least nine of the following twelve courses either in the first or the second year: Advanced Econometrics 1-4, Advanced Macroeconomics 1-4 and Advanced Microeconomics 1-4.

Autumn term

• Compulsory studies:
  • Math Camp (August, before period I)
  • Advanced Microeconomics 1 and 2 
  • Advanced Econometrics 1 and 2 
  • Advanced Macroeconomics 1 and 2 (first or second year)
• Elective studies / Minor studies 

Spring term

• Complete at least 3 courses of the following (min 15 cr):
  • Advanced Microeconomics 3 and 4
  • Advanced Econometrics 3 and 4
  • Advanced Macroeconomics 3 and 4 (first or second year)
• Elective studies / Minor studies 

Second year

• Compulsory studies:
  • Advanced Macroeconomics 1 and 2 
  • Master’s Thesis seminar (6 cr), I-II periods or III-IV periods
  • Master’s Thesis and Maturity test (30 cr)
• Elective studies for the programme and the degree / minor / exchange studies

Enrollment to the Master's thesis seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).

Economics MSc Thesis Information: aalto-econ.fi/gradu