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Master in Business – Choose from 7 Majors

Master 120 ECTS

Major in Economics

Tailor your Master in Business with a major in Economics and develop specialised expertise that supports your academic interests and career goals.

What will you learn?


With a major in economics, you learn to use data and models to explore how markets work, and to understand the interplay between consumers and businesses and the significance of public policy. You will delve into modern micro- and macroeconomic theory, econometrics, data handling and visualisation, and learn to simulate various economic models in order to examine the effects of different measures.  You will practise challenging the assumptions behind the models, confronting theory with data, and translating findings into recommendations for both businesses and authorities, with an eye to society and sustainability. 

You will learn to: 

  • apply micro- and macroeconomic models to analyse markets, competition, business cycles and inflation 
  • build, estimate and validate econometric models (time series/panel) and handle data using programming tools 
  • simulate economic scenarios for policy and business decisions 
  • assess causality and effects, and provide data-driven recommendations 
  • critically analyse uncertainty, assumptions and data limitations 
  • communicate insights clearly to decision-makers in business and the public sector 

Why choose this programme?


We are committed to providing you with engaging learning and high-quality teaching, so that you build a solid knowledge base and become relevant for the working life of the future. In the video below, a student, a faculty member and an industry representative share their perspectives on why a major in Economics is a good choice. 
 

  • Students talking

    Life as a student

    Life as a student can be both exciting and challenging. Therefore we've listed different opportunities and resources which can be useful during your studies.

  • SIO student housing at Bjølsen

    Housing

    Explore student housing options in Oslo, Bergen and Trondheim. Housing providers, application procedures and any housing guarantees vary by campus. Please follow the guidance for the campus where you will study.

Career possibilities


Economists are in demand because of their understanding of markets – not only financial markets, but also markets for consumer goods and industry. They learn to apply quantitative skills to understand different forms of competition and how a company develops strategies in interaction with other players in the market. An economist has a broad set of tools for analysing economic policy, and for understanding how shifting interest rates, business cycles, and technological and green transitions affect prices and wages. An economy in transition needs candidates who can use data and models to stay ahead of developments, and to plan for better outcomes for both business and society. 

Examples of areas you can work in: 

  • economic analysis and forecasting – business cycles, inflation and scenarios 
  • competition and market strategy (industry structure/pricing) 
  • monetary, macro and financial economics – banking/finance, central banking 
  • policy and regulatory analysis – studies and impact assessments 
  • econometric analysis and decision support – consultancy, business intelligence

You will be well equipped for roles in banking/finance and larger corporations, the consulting industry, central banks and government agencies, international organisations and non-profit actors. The combination of data skills, model understanding and a societal perspective makes you relevant in jobs where data-driven decisions and economic insight drive results. 

Customise your degree


As a student at BI, you have access to a range of exciting opportunities that can make your everyday student life varied and interesting, while helping you build relevant skills. Check out the exciting opportunities available to you during your studies!

  • Woman in the streets under exchange

    Exchange

    Learn more about your opportunities for going on exchange while you are studying at BI. From Switzerland to South Korea - BI Norwegian Business School has exchange partnerships with more than 200 schools around the world.

  • A woman at her internship

    Internship

    Prior experience at a workplace is invaluable when you're applying for jobs. At BI, you have the possibility to combine real-world experience with earning credits.

  • Electives

    We offer a number of elective courses, so that you can adapt your studies to your own wishes and interests. In this way, you can build up competence and get a professional combination that makes you attractive and unique.

  • Three students walking and talking

    Double Degree

    The Double Degree programme allows you to earn two master's degrees in the same time it takes to complete one. Double your insight, double your network, and double your potential!

Tuition fee

Applicant Price per year

Master 120 ECTS

Major in Economics

Internal applicant*
NOK 115,200

Master 120 ECTS

Major in Economics

External applicant
NOK 133,400

Tuition fee

Master 120 ECTS

Major in Economics

Internal applicant* Price per year
NOK 115,200
External applicant Price per year
NOK 133,400

*Internal applicants are applicants who have passed a minimum of 120 ECTS from BI.

Students with a bachelor's degree from BI are entitled to a discounted tuition fee. The tuition fee is invoiced per semester and is adjusted annually in line with price developments. It covers participation in lectures and the ordinary examination fee.

Different prices apply to students from countries outside the EU/EEA and Switzerland. Certain exceptions and variations may occur.

Read more about tuition fees here

Scholarship and financing


Qualifies for support from Lånekassen (the Norwegian State Educational Loan Fund).

Admission requirements


Priority application deadline: 1 March.

After 1 March: Applications are processed on a rolling basis.

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