Application period/deadline: November 1, 2017 - January 24, 2018
• An internationally comparable degree in Economics from an AASCB accredited business school
• Rigorous theoretical and empirical studies incorporating the latest research
• Hands-on experience in developing economic models and using econometric methods to perform economic and financial analysis
Oulu Business School’s International Master’s Programme in Economics (ME) is a two-year programme providing rigorous training in modern Economics. The programme equips you with a comprehensive understanding of the theoretical and empirical research methods used in Microeconomics, Macroeconomics, and Econometrics. You will have the opportunity to develop an interest in fields such as:
• Mathematical economics
• Industrial organisation
• Energy economics
• Urban and regional economics
• Environmental economics
• International macroeconomics
• Game theory
• Financial econometrics
Through group work and projects, you will learn to apply your economic expertise and acquire the problem solving, project management and presentation skills you will need in your career as an economist.
It is not compulsory to choose a specialization, but the two-year programme offers two specialisation options:
Energy Economics and Smart Grid courses bring the latest economic and technical energy research into the classroom and equip you with the skills you need to work as an economic researcher or consultant in energy related projects. Gain experience in multidisciplinary project work and employ your skills in Economics to analyse and solve business problems in tomorrow’s energy markets.
Financial Economics focuses on equipping you with skills that are relevant for an economist working within the financial sector. You will gain further knowledge of statistical modelling software and intensify your knowledge of econometric models used for forecasting macroeconomic and financial variables.
The professorship for Economics at the University of Oulu was established in 1959 and the department is a part the AASCB accredited Oulu Business School (OBS). Economists at OBS and at associated research centres (MAIGBE, SYKE) focus on research in Energy Economics, Social Economics, and Regional Economics. The department is renowned for its achievements in input-output modelling and Energy Economics. Current faculty members are active, among others, in the Finnish Economic Policy Council, the Finnish Climate Panel and the national BCDC energy research project. OBS organizes frequent seminars with Finnish and international visitors from business and academia. You are strongly encouraged to attend these events.
The master’s programme equips you with the skills you need as a professional economist working in business, government, international organizations, and research centres. Depending on your interests, you can, for example, work with market research in the financial sector, with strategic pricing and production decisions in private firms, and with fiscal and monetary policy within the public sector. The master’s programme also serves as thorough preparation for Ph.D. studies. The master’s programme provides you with an internationally comparable degree in Economics from an AASCB accredited business school. Upon completion of the master’s programme, you will be equipped to pursue a career as an economist in Finland or abroad.
Possible titles include:
• Economic Advisor
• Investment Advisor
• Industry Analyst
• Financial Analyst
• Economic Development Officer
• Economic Consultant
Students applying for the programme must possess an undergraduate or bachelor’s degree in Economics or a related subject. The quantitative nature of the ME programme ideally suits for those who have studied Economics, Finance, Accounting, Engineering, or Natural Sciences (e.g. Mathematics, Physics or Statistics).
For all enquiries, please refer to our enquiry form: http://www.oulu.fi/university/admissions-contact
If you are an ambitious numerate graduate, or a practitioner in the field, this Masters will equip you with the analytical skills for a rewarding career supporting transport delivery and policy-making at national, regional and local level.
97% of our graduates find employment in a professional or managerial role, or continue with further studies.*
Study transport economics, as well as econometrics and cost-benefit analysis.
Develop a suite of economic skills that will help promote economic growth within a regulatory framework that minimises any damaging health and environmental impacts, whilst incentivising the best use of resources.
Expand your fluency in:
Also experience what it is like to be part of a project team working across disciplinary boundaries within the transport sector. Through this, gain insights into how economics, planning, environmental science, modelling and engineering can work together to design sustainable solutions to global challenges. This industry-inspired approach will enable you to apply your knowledge to real-world issues in the field.
Your colleagues will be among the best and brightest from Latin America to the Far East, from Africa to Europe and the UK. Together, you will learn economic research techniques that will help you develop transport networks that are founded on robust evidence, sustainable and equitable principles, state-of-the-art modelling, accurate data analysis, and an understanding of human psychology.
ITS – the global institute teaching the transport leaders of tomorrow.
We have redesigned our suites of courses following close consultation with Industry and academia.
With a strong focus on industry needs, our degrees will prepare you for employment in your chosen field. They will also address the multi-disciplinary nature of transport – enabling you to make effective decisions for clients, employers and society.
And to experience what it’s really like to work in the transport sector, collaborate with a project team of students from our other degrees through our new Transport Integrated Project module.
The Institute for Transport Studies (ITS) was established as the UK’s first multi-disciplinary transport department, and we continue to lead the field with our research.
Our economics research has been successful in bridging the interface between academia and industry. For example, CQC (Cost, Quality, Customer) Efficiency Network initiative which is based at ITS and a joint venture between the National Highways & Transport Network (NHT) and the University of Leeds. The CQC Efficiency Network offers local authorities throughout Britain the ability to quantify the scope for cost savings in the delivery of highway services and to identify better practises.
Other Study Options
This programme is available part time, allowing you to combine study with other commitments. You can work to fund your studies, or gain a new qualification without giving up an existing job. We aim to be flexible in helping you to put together a part-time course structure that meets your academic goals while recognising the constraints on your study time.
This programme fulfils the educational requirements for membership of the Chartered Institute of Logistics and Transport (CILT UK).
Postgraduate study involves a range of teaching methods, supported by independent learning. In addition to the traditional lecture and seminar formats, you’ll experience a blend of workshops, computer exercises, practical sessions, directed reading, reflective journal, student-led discussions, fieldwork and tutorials.
Assessment is equally varied and can include coursework essays, case-study reports, group assignments, posters, presentations and exams.
Transport at ITS is an applied subject. We offer plenty of opportunities for students to experience transport systems in action, both within the UK and Europe, allowing you to meet and hear directly from transport professionals and see what you’ve learned in practice.
For many of our students, the highlight of their year is the European Field Trip. This week-long trip which takes place after the summer exams and has been a fixture in the ITS calendar since 1987. The itinerary varies from year to year, but has often included Belgium, The Netherlands and Germany.
Stops en-route have included Pedestrian Centres and Docklands Transport in Rotterdam; Cycle and Traffic Calming Facilities in Delft; the Motorway Traffic Control Centre in Amsterdam; the Guided Bus System in Essen; the Wuppertal Monorail; Town Planning features in Duisburg and Dusseldorf; research talks at the University of Hasselt, and visit to the Brussels Metro.
Links with industry
ITS has close working relationships with a number of organisations and many employers visit ITS each year to interview our students for graduate schemes and other vacancies. ITS also regularly circulates specific job vacancies to students.
Our students are highly sought after and have a good reputation with transport consultants, and may receive a job offer before or shortly after graduation.
The organisations that have advertised and/or recruited directly from ITS include Arup, Mott MacDonald, AECOM, Capita, Transpennine Express, Transport for London, Pell Frischmann, Leigh Fisher, JMP, Amey and Hyder among many others.
Read more about Graduate Employability at the Institute for Transport Studies.