Master of Science in Business - Major in Economics
Program Overview
The Master of Science in Business with a major in Economics at BI Norwegian Business School is a rigorous two-year program designed for students seeking careers in business. The program focuses on developing strong analytical and quantitative skills to analyze data and simulate economic models, preparing graduates for careers in economics consulting, data analysis, macro-analyst positions, and central banking. The program emphasizes engaging learning experiences and quality teaching to build a solid skill and competency base for the future of work.
Program Outline
Degree Overview:
The Master of Science in Business with a major in Economics at BI Norwegian Business School is a rigorous academic program designed for students seeking careers in business, including economics consulting, data analysis, macro-analyst positions, and central banking. The program focuses on developing strong analytical and quantitative skills to analyze data and simulate economic models. Students learn a framework for analysis applicable to various areas, such as international trade, inflation, business cycles, firm competition, and strategic behavior. The curriculum covers the optimal choices and strategic decisions of individuals and firms, and how they respond to incentives. Macroeconomics focuses on business cycles, inflation, economic growth, and the effects of monetary and fiscal policy. The program emphasizes statistically based arguments. The school strives to provide engaging learning experiences and quality teaching to build a solid skill and competency base relevant for the future of work.
Outline:
The program is structured across two years, each consisting of two semesters (autumn and spring). Each semester awards 30 ECTS credits, totaling 120 ECTS credits for the entire program.
Year 1 (60 ECTS):
- Autumn:
- Microeconomics (6 ECTS)
- Mathematics (6 ECTS)
- Econometrics with Programming (6 ECTS)
- Decisions, Strategy and Information (6 ECTS)
- Advanced Macroeconomics (6 ECTS)
- Spring:
- Research Methodology - Economics (6 ECTS)
- Ethics and Sustainability in Organizations (6 ECTS)
- Economics Consulting: Cases (6 ECTS)
- Analysis of Experiments and Quasi-Experiments (6 ECTS)
- Business Cycles and Monetary Policy (6 ECTS)
Year 2 (60 ECTS):
- Autumn: Students choose one of the following options (24 ECTS):
- Business Electives
- Exchange program
- Internship
- Autumn: Master Thesis (6 ECTS)
- Spring: Economic Policy (6 ECTS)
- Spring: Master Thesis (24 ECTS)
Teaching:
The text mentions a focus on engaging learning experiences and quality teaching to build a solid skill and competency base.
Careers:
Graduates of the Master of Science in Business with a major in Economics program can pursue various career paths, including:
- Corporate Economist: Analyzing market trends, evaluating economic issues, and guiding resource allocation within corporations.
- Management Consultant: Advising companies on efficiency, profit boosting, and operational structuring.
- Data Analyst/Scientist: Interpreting complex data to inform business strategies and policy decisions.
- International Organizations and NGOs: Working on economic issues related to sustainable development and international policymaking (e.g., UN, World Bank).
- Policy Analyst: Developing and assessing public policies in government agencies or think tanks.
- Academia: Pursuing a PhD in economics to pursue teaching and research roles in universities and colleges.
Other:
The academic year at BI is divided into two semesters, with exams at the end of each. The program is described as versatile and opening doors to a wide array of career paths.
Introduction to BI Norwegian Business School
BI Norwegian Business School is one of Europe’s most prestigious and internationally recognized business schools. Founded in 1943, BI has grown to become the largest business school in Norway and a leading institution in Europe. With its main campus located in Oslo, the school also has campuses in Bergen, Trondheim, and Stavanger, as well as a strong online presence. BI is known for its commitment to academic excellence, innovative teaching methods, and strong ties to the business community.
Diverse Academic Programs
The school offers a wide range of programs tailored to meet the needs of students at different stages of their academic and professional journeys. These include bachelor’s degrees, master’s degrees, PhD programs, and executive education. Popular areas of study include finance, marketing, strategy, entrepreneurship, and leadership. BI’s programs are designed to combine theoretical knowledge with practical applications, ensuring that graduates are well-prepared to tackle real-world challenges in the global business environment.
Global Recognition and International Focus
One of BI’s key strengths is its international focus. The school is triple-accredited by EQUIS, AACSB, and AMBA, placing it among the top 1% of business schools worldwide. This accreditation reflects BI’s commitment to maintaining the highest standards of education and research. Additionally, BI has partnerships with over 200 universities and institutions across the globe, offering students opportunities for international exchange programs, double degrees, and global internships. This global perspective is further enriched by the school’s diverse student body and faculty, representing over 100 nationalities.
Leadership in Research and Innovation
BI Norwegian Business School is also a leader in research and innovation. The school’s faculty members are actively engaged in cutting-edge research across various fields, including economics, management, and sustainability. This research not only contributes to academic knowledge but also informs the school’s teaching and provides students with insights into the latest trends and developments in the business world. BI’s focus on sustainability is particularly noteworthy, as the school integrates environmental, social, and governance (ESG) principles into its curriculum and operations.
Executive Education for Professionals
For professionals seeking to advance their careers, BI offers a range of executive education programs and part-time studies. These programs are designed to provide working professionals with the skills and knowledge needed to take on leadership roles and drive organizational success. BI’s executive education is highly regarded for its practical relevance and focus on real-world business challenges.
Vibrant Campus Life and Alumni Network
In addition to its academic offerings, BI Norwegian Business School provides students with a vibrant campus life. The school’s modern facilities, student organizations, and career services create a supportive and engaging environment for personal and professional growth. BI’s strong alumni network, which spans across industries and countries, further enhances the opportunities available to graduates.
