Applied Economics

Overview

The Applied Economics  master’s programme from BI Norwegian Business School has a quantitative focus, using data science techniques to simulate economic models and analyse data. You will apply theories and empirical results to solve economic problems, analyse markets, and prescribe optimal business solutions.

The Applied Economics programme is suitable for students with a bachelor degree in: business, economics, and finance; political science and other social sciences with a quantitative focus; and natural sciences including mathematics and statistics.

What Will You Learn? 

This programme provides you with a solid foundation in core economic disciplines. It has a quantitative focus and integrates data science techniques in the courses. You will develop strong analytical skills and learn a framework for analysis that can be applied to a great variety of areas, ranging from international trade, business cycles and financial markets, to firm competition, market analysis, and strategic behaviour.

You will learn basic programming and data management, and you will learn the main econometrics estimation methods, using both time series and panel data. You will apply these methods to cases relevant for businesses. The emphasis on analytical and quantitative skills throughout the programme will enable you to understand and develop strategies based on statistical arguments, therefore improving on decision making in this digital age.

Among the topics you will find:

• Industrial Organization: Learn how to apply econometric techniques to uncover casual relationships that may improve decision-making by firms. Understand how the principles of industrial organization are applied within economics consulting, through real-world cases.

• Macroeconomics: Learn the models and empirical techniques used by leading macro-analysts, and analyse macroeconomic events by simulating numerical models. Typical topics are investment, sustainable development, inflation, and how monetary and fiscal policy affect the economy and business.

• Data and programming: Learn basic programming for data management, data analysis, and model simulation.

You will have the opportunity to learn directly from leading economists within fields such as Econometrics and Statistics, Industrial Organisation, and Macroeconomics. You will become part of an environment that has strong ties to both the business community and policy makers.

Careers

With a Master of Science in Applied Economics degree, you will be a relevant and attractive candidate for a great number of positions, both in the private and public sector. Since the basic concepts in Economics are transferrable, you will be able to work all over the world.

Examples of career possibilities:

• Economics consulting/ management consulting

• Chief Economist 

• Macro/micro analyst

• Strategic advisor

• Data analyst