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M.Sc. On Campus

Responsible Economics and Finance University of Oulu

Highlights
Tuition fee
12000 EUR / year
Free
Unknown
Tuition fee
12000 EUR / year
Free
Unknown
Duration
24 months
Duration
24 months
Apply date
Unknown
Apply date
Unknown
Start date
Unknown
Start date
Unknown
Campus location
Oulu, Finland
Campus location
Oulu, Finland
Taught in
English
Taught in
English

About

University of Oulu Master's in Responsible Economics and Finance is a two-year international Master’s programme offered by the accredited Oulu Business School. It provides training in modern economics with a special focus on responsibility in economic and financial analyses.

Overview

The Responsible Economics and Finance (REF) programme from University of Oulu offers a thorough mastering of solutions to real-world economic and financial problems originating from the issues related to climate change, biodiversity loss, and efficient integration of renewable energy and other resources into the economic system, both locally and globally. In addition, the resilience of complex adaptive systems and the challenges of welfare measurement are cutting through themes.

The programme equips its students with the necessary skills to analyse and interpret empirical models and data related to the above-mentioned themes and prepares students to work in a variety of sectors, including financial and energy markets, real estate, banks, governments, and non-governmental organizations.

Economics at the Oulu Business School (OBS) has a wide portfolio of research projects, which provides you with insights on current issues in energy and environmental economics, regional and real estate economics, international macroeconomics and finance, and health and social economics.

Top reasons to study Responsible Economics and Finance at University of Oulu

  • Students are provided with the necessary knowledge and skills to navigate the complex economic and environmental challenges of the 21st century both at the global and regional levels.
  • Get hands-on experience in developing economic models and using modern quantitative methods to perform economic and financial analysis for the requirements of present-day society and businesses.
  • Build your unique graduate profile with a master's thesis on responsibility issues – choose your topic from the Oulu Business School’s wide range of research areas.
  • Graduates from the programme have high employability and diverse career opportunities in domestic and international firms and organizations.
  • An internationally comparable master's degree in Economics and Business Administration from an AACSB accredited business school that enables you to apply for work within the EU and globally.  

Career opportunities

Possible job titles for our graduates include:

  • Economic Advisor
  • Investment Advisor
  • Industry Analyst
  • Financial Analyst
  • Data Analyst
  • Economic Development Officer
  • Economic Consultant
  • Business Reporter.

Accreditation

AASCB 

Programme Structure

Courses include:

  • Mathematical Economics 
  • Fundamentals of Finance 
  • Principles of Econometrics
  • Advanced Microeconomics 
  • Advanced Macroeconomics  

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
TOEFL® IBT
92
PTE Academic
62
IELTS
6.5

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Credits

120 ECTS

Delivered

On Campus

Campus Location

  • Oulu, Finland

What students do after studying

Join for free or log in to access our complete career info list.

Academic requirements

GRE admission requirements GRE®
Required
GMAT admission requirements GMAT
550

English requirements

TOEFL® IBT
92
PTE Academic
62
IELTS
6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation
Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

  • Trusted by 300k learners
  • 98 accuracy using real exam data
  • 4.9/5 student rating

Other requirements

General requirements

The degree used in the application must be completed in the field of economics or business administration. If the degree is completed in some other field of study, additional studies relevant to the master’s programme, equaling to approximately 24 ECTS is required in addition.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Oulu and/or in Finland, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
  • International

    Non-residents
    12000 EUR / year
    12000 EUR / year
  • EU/EEA

    EU/EEA Nationals
    Free

Additional Details

EU/EEA/Swiss citizens and their family members with an EU residence card in Finland are exempt from tuition fees.

Living costs

Oulu

Finland
660 - 1040 EUR / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Responsible Economics and Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Independent provider
Grant
Various benefits
Deadline
07 Oct 2026
Fulbright U.S. Student Program

Read more about eligibility

U.S. government
Location not available
Independent provider
Grant
33600 EUR
Deadline
01 Jul 2026
Mundus MAPP EMJM Scholarship
Merit-based

Read more about eligibility

Mundus MAPP
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Nov 2026
ServiceScape Scholarship

Read more about eligibility

ServiceScape
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
ACES Scholarships

Read more about eligibility

ACES Education Fund
Location not available
Independent provider
Grant
2000 USD
Deadline
01 Sep 2026
The Rick Blight Leadership in Action Scholarship for Athletes
Merit-based

Read more about eligibility

Canadian Men’s Health Foundation
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
1500 USD
Deadline
15 Sep 2026
Headway’s Book Lovers Scholarship
Merit-based

Read more about eligibility

Headway
Location not available
Independent provider
Grant
3000 USD
Deadline
30 Jun 2026
Moving Mates Scholarship
Need-based

Read more about eligibility

Moving Mates
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Queen Elizabeth Commonwealth Scholarships

Read more about eligibility

ACU (The Association of Commonweath Universities)
Location not available
Independent provider
Grant
1550 EUR
Deadline
31 Oct 2026
ELES-Scholarship (Ernst-Ludwig-Ehrlich-Studienwerk)

Read more about eligibility

Austria’s Agency for Education and Internationalisation
Location not available
Independent provider
Grant
5000 EUR
Deadline
15 May 2026
Study a Master's in Europe Scholarship
Merit-based

Read more about eligibility

educations.com
Location not available
Independent provider
Grant
1000 USD
Deadline
06 Jul 2026
Jewish Heritage Scholarship
Merit-based

Read more about eligibility

Diamant Gerstein
Location not available
Independent provider
Grant
5000 USD
Deadline
28 Aug 2026
Women Scholarship for International Students
Merit-based

Read more about eligibility

educations.com
Location not available
Independent provider
Grant
5000 SEK
Deadline
30 Apr 2026
Kreditkortlistan Financial Scholarship
Merit-based

Read more about eligibility

Enkla Media - Kreditkortlistan
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Oct 2026
$1,500 Annual Video Contest Scholarship
Merit-based

Read more about eligibility

IvyPanda
Location not available
Independent provider
Grant
500 USD
Deadline
31 Oct 2026
CryptoRunner Scholarship

Read more about eligibility

CryptoRunner
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
The Bill Walsh Scholarship
Merit-based

Read more about eligibility

ACES: The Society for Editing
Location not available
Independent provider
Grant
25000 USD
Deadline
30 Apr 2026
Atlas Shrugged Essay Contest

Read more about eligibility

Ayn Rand Institute
Location not available
Independent provider
Grant
1000 USD
Deadline
13 Jul 2026
Dream Chaser Scholarship
Merit-based

Read more about eligibility

Salvado Law
Location not available
Independent provider
Grant
5000 CAD
Deadline
31 Dec 2026
Pinsky Law New Venture Development Scholarship
Merit-based

Read more about eligibility

Pinsky Law
Location not available
Independent provider
Grant
7000 USD
Deadline
24 Apr 2026
Go Global MBA Scholarship
Merit-based

Read more about eligibility

educations.com
Location not available
Independent provider
Grant
10000 USD
Deadline
02 Feb 2027
Ritchie-Jennings Memorial Scholarship Program

Read more about eligibility

Association of Certified Fraud Examiners (ACFE)
Location not available
Independent provider
Grant
10000 USD
Deadline
Not specified
The Education for Sustainable Energy Development (ESED) scholarship
Merit-based

Read more about eligibility

Global Sustainable Electricity Partnership
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2026
Scholarship for students with disabilities
Need-based

Read more about eligibility

Anonymous Hope Fund
Location not available
Independent provider
Grant
Various benefits
Deadline
31 Dec 2026
Grants of the Leopold Figl Foundation for students with residence in Lower Austria
Need-based

Read more about eligibility

Leopold Figl Foundation
Location not available
Independent provider
Grant
Various benefits
Deadline
31 Oct 2026
Kreditkortsval's Scholarship Program for Economics Students

Read more about eligibility

Kreditkortsval
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Aug 2026
Florida Rentals Annual Dream Vacation Scholarship

Read more about eligibility

Florida Rentals
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Jun 2026
$1,500 Annual Students’ Presentation Crafting Scholarship

Read more about eligibility

IvyPanda
Location not available
Independent provider
Grant
55 GBP
Deadline
18 Jun 2026
IELTS Morgan Terry Memorial IATEFL Scholarship
Merit-based

Read more about eligibility

IELTS from 6 to 9
Location not available
Independent provider
Grant
1500 USD
Deadline
Not specified
The Annual IELTS from 6 to 9 Scholarship

Read more about eligibility

IELTS from 6 to 9
Location not available
Independent provider
Grant
12000 USD
Deadline
11 Jan 2027
Tobacco Harm Reduction Scholarship Programme

Read more about eligibility

The Tobacco Harm Reduction Scholarship Programme
Location not available
Independent provider
Grant
1000 USD
Deadline
20 May 2026
PlagiarismSearch Essay Contest
Merit-based

Read more about eligibility

PlagiarismSearch
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships

Read more about eligibility

European Commission
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

Read more about eligibility

Shield Your Body
Location not available
Independent provider
Grant
2000 USD
Deadline
31 Jul 2026
The MyUS Community Scholarship

Read more about eligibility

MyUS
Location not available
Independent provider
Grant
3000 USD
Deadline
Not specified
AAPG Foundation Grants-in-Aid

Read more about eligibility

American Association of Petroleum Geologists Foundation
Location not available

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Responsible Economics and Finance
University of Oulu
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