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Agricultural, Environmental and Resource Economics - MSc (Agriculture and Forestry)

Course content

Are you looking forward to a future as an expert in Agricultural, Environmental and Resource Economics? As a graduate of our Master’s Programme in Agricultural, Environmental and Resource Economics, you can find employment in the national or international market, for example at universities, research institutes, the public sector or in business, or you can become a self-employed entrepreneur.

The Viikki Campus offers optimal resources for studying the unique range of subjects offered by our programme. Upon graduating you will be a professional in applied economics in agricultural, environmental and resource-focused fields. You will be well versed in topics such as climate policy, sustainable agriculture and food security.

The Master's programme comprises two study tracks:
1. Agricultural economics
-Languages of instruction: Finnish, Swedish, English

2. Environmental and resource economics
-Language of instruction: English

As a graduate of the study track in Agricultural Economics you will have the ability to:
-Support decision-making in the public and private sectors in various roles as a consultant, researcher or public servant.
-Analyse and communicate the impact of policies on fields relating to agriculture, the environment and natural resources.
-Apply economic theories and quantitative methodologies, such as econometrics and numerical modelling, to issues in the field.

As a graduate of the study track in Environmental and Resource economics you will have the ability to:
-Identify the socio-economic drivers of natural resource use and environmental degradation.
-Analyse the effects of policies on the environment and on natural resource usage.
-Formulate recommendations to support decision-making in both the public and private sectors.
-Apply microeconomic theory and quantitative methods (econometrics, analytical and numerical dynamic modelling, game theory).

The University of Helsinki will introduce annual tuition fees to foreign-language Master’s programmes starting on August 1, 2017 or later. The fee ranges from 13 000-18 000 euros. Citizens of non-EU/EEA countries, who do not have a permanent residence status in the area, are liable to these fees. You can check this FAQ at the Studyinfo website whether or not you are required to pay tuition fees: https://studyinfo.fi/wp2/en/higher-education/higher-education-institutions-will-introduce-tuition-fees-in-autumn-2017/am-i-required-to-pay-tuition-fees/

Programme Contents

Studytrack: Agricultural economics
After completing the study track in agricultural economics you will be able:
-To apply the concepts and central theories of agricultural economics.
-To apply perspectives of economic, ecological and social sustainability.
-To analyse and develop the business operations of agricultural and rural enterprises as well as intensify production in a sustainable manner.
-To analyse the operation of agricultural and food markets.
-To analyse the international political steering of agriculture.

The study track of agricultural economics combines expertise in business administration and economics with knowledge of the special features of agriculture, rural enterprises, the food market and related policies. Through studies in agricultural economics, you will learn to apply theories and models used to define the profitability and competiveness of agricultural and rural enterprises and the farm-level factors contributing to profitability and competiveness. You will examine the operation of the market and assess various policy options. The studies include practice-oriented assignments that build your decision-making and career skills, and your self-confidence to apply theoretical knowledge in practice.

Studytrack: Environmental and Resource Economics
In this studytrack you will receive a state-of-the-art economic education in environmental and natural resources policy. The courses are divided into three groups:
-Theoretically focused courses in which you will gain a deep understanding of static and dynamic models and applications of game theory.
-Courses focusing on quantitative methods in which you will gain the ability to run numerical simulations and apply econometric methods.
-Thematic courses focusing on relevant challenges in environmental and resource policy.

Selection of the Major

Studytrack: Agricultural economics
Graduates of the Bachelor’s Programme in Environmental and Food Economics can continue directly to the Master’s Programme in Agricultural, Environmental and Resource Economics, provided that they specialised in agricultural, environmental and resource economics for their Bachelor’s degree. In addition, graduates of the Bachelor’s Programme in Agricultural Sciences can continue directly to the study track in agricultural economics, provided that they have completed the module in agricultural economics for their Bachelor’s degree.

Applicants from other programmes and universities must have completed a sufficient amount of studies in economics, mathematics and statistics. Some of these studies may be incorporated into the Master’s degree as optional studies. If there are more applicants than student places, admission will be based on your previous academic performance and the applicability of your Bachelor’s degree.

Studytrack: Environmental and Resource Economics
The studytrack offers three mandatory modules and several optional modules. You can choose two thematic modules in order to focus on issues of interest to you. See the research focus below.

Programme Structure

Studytrack: Agricultural economics
The scope of the Master’s level studies is 120 credits, including both field-specific advanced studies and optional studies in the field or from other degree programmes. The minimum scope of field-specific advanced studies is 60 credits, 30 of which are accounted for by the Master’s thesis. You are recommended to focus on your Master’s thesis during your second year of Master’s studies.

The advanced studies comprise at least two modules of 15 credits. The modules are:
-Agricultural markets and policy
-Business economics
-Rural entrepreneurship
-Environmental and natural resources

In addition, your studies must include at least 15 credits of methodological studies. The studies encompass a practical training period and seminars, and they can include career orientation and career planning. You will also need to complete a personal study plan (PSP).

The scope of optional field-specific studies and studies offered by other degree programmes is 30–40 credits.

Studytrack: Environmental and Resource Economics
The studytrack lasts four semesters, lasting approximately 22 months (1st year beginning of August- 2nd year beginning of June).

Core modules (45 ECTS)
-Environmental economics
-Natural Resource Economics, dynamic optimisation and numerical models
-Environmental valuation, applied econometrics and cost-benefit analysis

Thematic modules (30 ECTS) Choose two of the following:
-Climate change
-Baltic Sea protection
-Agricultural economics and agri-environmental policy
-Forest economics

Internship and Master’s thesis seminar 15 credits (ECTS)

Master’s thesis 30 credits (ECTS)

Career Prospects

According to the labour market surveys conducted by the Finnish Association of Academic Agronomists, graduates from the study track in agricultural economics have been successful in finding employment – often before graduation. The programme alumni have found positions in various organisations in the public and private sectors in Finland, and many have pursued international careers in Europe or further afield. This study programme provides you with wide-ranging skills for starting a business and for serving in various expert or managerial positions, even if the focus of studies is on applied agriculture. Consequently, possible job titles are numerous: specialist, teacher, entrepreneur, researcher, senior officer, product manager, head of finance, etc. If you are interested in developing your expertise further, you can pursue postgraduate studies in the doctoral programmes offered by the University of Helsinki or another university in Finland or abroad.

The Environmental and Resource Economics Master of Science offers promising career paths in government, research, consultancy, industry, NGOs and international organisations.


-You can complete a practical training period abroad or go on a student exchange.
-You can work as a member of an international research group in Finland or abroad.
-You can complete part of your degree in English by taking courses given by international teachers.

As a student in the programme, you will have opportunities for internships, visits and study exchanges with partner universities. Visiting foreign lecturers give intensive courses as part of the thematic modules. As a student you will also be able to join our international research networks.

Visit the Agricultural, Environmental and Resource Economics - MSc (Agriculture and Forestry) page on the University of Helsinki website for more details!






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