Masters in Economics investigate all factors involved in the production, distribution and consumption of goods and services. Economics analyses both small scale (Microeconomics) and global (Macroeconomics) economic factors. Master's degrees in Economics offered by universities and colleges worldwide teach students how to optimise all economic actions in order to improve the well-being and prosperity of economic entities and consumers.
Who should study a Master's in Economics? Of course, you should be comfortable with using Math and numbers, but Economics is much more than that. A Master's degree in Economics might be right for you if you are ready to change the way you look at the world and understand the dynamics of how human behaviour shapes our way of life. Economics is a versatile subject that connects to a wide range of other disciplines, and also a sort of universal language that can be applied in many contexts.
Most Economics Masters are offered as M.Sc. (Master of Science) or M.A. (Master of Arts) degrees. It will take 2 years to finish your Master's studies in most countries around the world. You can specialise in a wide range of subjects such as Financial Economics, Labour Economics, International Economics, Business Economics, International Economics, Environmental Economics, Development Economics, Econometrics, and much more.
While studying an graduate degree in Economics you will attend a variety of classes which vary depending on the university you'll be attending. Some general classes you are bound to run into include: Financial Economics, Political Economy, Advanced Macroeconomics and Microeconomics, Economic Development, International Business, Corporate Finance, Accounting, and more.
Because Economics is such a broad and overarching field, it has the potential to help students develop a lot of skills they can use in their future careers. You'll learn how cu evaluate and calculate risk, make predictions about how certain factors will influence the behaviour of society. You'll become familiar with mathematical models and how to use them, while developing your skills for analysis and synthesis. Economics studies also create a strong basis for future Business studies, due to the deep understanding of market dynamics. Most of all, you'll learn how to best communicate your findings and ideas to people who are not experts in the field but need your insight to make business decisions.
While a Master's in Economics is a great source of information and expertise, it doesn't limit itself to a specific career after graduation. Numerous fields are waiting for Economy graduates in the public and private sectors. You will find work in the government, banks, business journals, or in higher education if you plan of pursuing a PhD in Economics, later on. You will be able to target job titles like economist, consultant, economic analyst, researcher, statistician, data scientist, financial or business analyst or stock market specialist. Economics M.A. graduates can make use of their education in other disciplines like Accounting, Auditing, Insurance, Management, Advertising, Actuaria Science, and more.Read more about studying a Economics degree
Not sure if Economics is for you?
Norway is a paradise for anyone who wants to study abroad for free. Public universities don’t charge any tuition fees. This policy applies to all international students, regardless of their nationality. The academic standard is very high, and professors are easy to approach, always willing to go the extra mile for their students. Additionally, classes are organised in small groups, which further improves learning and cooperation. You can choose from a wide range of English-taught programmes, and you don’t need to worry about language barriers outside of classes either, because most Norwegians speak English as a second language. Internationals should find it easy to adapt to Norway’s society, which is based on equality and fair opportunities — reflected both in the legal system and in people’s behaviour.Read more about studying abroad in Norway
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