Master of Science in Business

Major in Economics

Customise your Master of Science in Business degree by choosing a major in Economics.

What will you learn?

Economics is about understanding consumer behaviour, how markets and businesses work, and the role of public policy. You will dive into modern micro and macro theory, econometrics, data wrangling and visualisation, and learn how to simulate various economic models to understand the impact of policy. You will learn to critically assess the key modelling assumptions, how to confront the model with data, and translate findings into recommendations for business and policy, with consideration for society and sustainability. 
  
You will learn to: 

  • apply micro and macro models to analyse markets, competition, business cycles, and inflation 
  • build, estimate, and validate econometric models (time series/panel) and manage data with programming tools 
  • use models and quantitative tools to simulate economic scenarios for policy and business decisions 
  • assess causality and intervention effects, and deliver data-driven recommendations 
  • critically evaluate uncertainty, assumptions, and data limitations 
  • communicate insight clearly to decision makers in business and the public sector 

Why choose this major?

Engaging learning experiences and quality teaching are something we strive to provide to help you build a solid skill and competency base, making you relevant for the future of work. In the video below, you will get the perspectives of our students, faculty, and the industry to understand the reasons for choosing to major in Economics at BI.

Why choose a major in Economics?

Career possibilities

Economics graduates are sought after for their quantitative strength, economic reasoning, and problem solving. In a world of shifting interest rates and cycles, rapid technological change, and the green transition, employers need people who can use data and models to understand what’s happening and make better decisions for firms and society. 
  
Examples of areas you can work in: 

  • Economic analysis & forecasting – cycles, inflation, scenarios 
  • Competition & market strategy (industrial organisation/pricing) 
  • Monetary, macro & financial economics – banking/finance, central banking 
  • Policy & regulatory analysis – impact assessments and evaluation 
  • Econometrics & decision support – consulting, business intelligence 

You’ll be prepared for careers in banking/finance and multinational firms, consulting, central banks and government agencies, international organisations, and non-profits. The mix of data skills, modelling, and societal perspective makes you a strong candidate for roles where data-driven decision making and economic insight shape outcomes. 

Kristoffer Voss Sanner
Kristoffer Voss Sanner Senior Tax Auditor Petroleum Tax Office Securing the oil tax

Trying to decide which master programme is right for you? Take our Master Quiz to find your best match.

Customise your degree

As a master student at BI, you have several exciting opportunities that will contribute to a varied and interesting student life, at the same time as you build relevant competence and gain an advantage in the job market by tailoring your degree.

Internship

Our internship programme is a credit-bearing course that gives you the opportunity to test subjects and industries based on your interests, competency, and personal qualities. An internship is valuable as a means of allowing you to experience how your field of study is applied in the business world and provides you with work experience that can be highly attractive to potential employers.

Exchange

Take part of your education abroad! If you want to work abroad or in an international company after your studies, this should be particularly relevant for you. Culture and language are important in all companies and organisations, but knowledge of other countries' customs, governance and behaviour can be absolutely crucial to global success.

Elective courses

We offer a number of elective courses so that you can adapt your studies to your own interests and goals. This way you can build up competency and pursue a combination of courses that will make you attractive and unique.

Double degree

Earn two master's degrees in the same time it takes to complete one. Double your insight, double your network, and double your potential!

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Programme Structure

The academic year at BI is divided into two semester, one in the autumn and one in spring. There are exams at the end of each semester. This programme structure provides an overview of which courses you will be taking and when you will be taking them.

1. Year

  • 60 credits (ECTS)

Autumn

Spring

2. Year

  • 60 credits (ECTS)

Autumn

  • Master thesis for the 2026-2028 class

    7.5 ECTS

Spring

  • Master thesis for the 2026-2028 class

    22.5 ECTS

Please be aware that the study plan and courses can be subject to change.

Tuition fee

The academic year 2025-2026: NOK 122,800.
Updated fee for 2026-2027: TBA.

The tuition fee is invoiced per semester and adjusted annually. It includes access to lectures and the standard examination fee.

Students with a bachelor's degree from BI are eligible for a discounted tuition fee. Different rates apply to students from countries outside the EU/EEA and Switzerland. Certain exceptions and variations may apply.

Read more about tuition fees.