Economics, Master of Science (Economics and Business Administration) (2 years)

University of Vaasa · Vaasa, Finland

Level
Master's
Award
Master of Science (Economics and Business Administration)
Language
Finnish / English
Duration
2 years
Study mode
Day time teaching
Campus
Vaasa
Credits
120 ECTS
ECTS
120
Tuition
€14,000

About this programme

Experts in economics are called economists. Economists’ skills are needed to analyze and monitor the economy, financial markets, and business operations. These skills include mastery of economic terminology, utilization of statistical data, and critical evaluation. The globalizing economy and intensifying competition require that experts and managers have a good understanding of economic activity and analytical ability. Studying economics offers insight into the success and growth factors of companies and the economy for those in demanding work tasks. All economics teachers at the University of Vaasa work as active researchers in our research group, where the special focus areas are 1) Financial literacy, 2) Sustainable growth, intangibles and energy economics, 3) Banking and financial markets in global perspective. Education in economics provides up-to-date information and skills regarding economic development based on practice, theory and research. The subject's researchers are well networked, for example at the Ministry of Finance and the Bank of Finland. Experts from the Bank of Finland organize an annual Macroprudential policy and financial stability course. As part of studies in economics, we organize excursions to interesting and economically important cities in Europe. While a bachelor's degree in economics creates a professional foundation, a master's degree in economics provides developed capabilities to work as an economist. Those with a degree in economics typically work in expert and management positions in banks, insurance companies, and other companies. Graduates of economics also have other wide range of employment opportunities across various ministries and central banks. A degree in economics also offers good opportunities to work as an economist in public sector and third sector organizations or in academic teaching and research positions. Our master's students are exposed to macroeconomics theories and applications that fill the gap between intermediate macroeconomics and more advanced competence. The contents assist students' economic thinking prowess toward attaining macroeconomic goals and objectives of the UN SDGs (SDG-8, 9, and 10). The students develop a good knowledge of modern growth theories and the roles of human capital, intangible capital, and R&D in generating sustainable economic growth. Economic problem-solving skills are enhanced by integrating skills from other master’s courses, including microeconomics, portfolio theory, and Macroprudential policy and financial stability. These courses ensure that our students understand investment theories, banking practices, and the synergy between monetary and fiscal policies for sustainable economic growth. Students also understand the basic frameworks under which central banks practice their monetary policies and how other economic agents make investment decisions. The principles of bank management and analysis of bank performance and risk are taught with in-depth analysis. Our master’s students’ prowess to contribute to the SDGs is also enhanced by other mandatory courses like corporate responsibility and ethics in finance. Economics as a discipline is wide-ranging and versatile, and an economics degree is valued in working life. The economics subject at the University of Vaasa focuses especially on competence in the following areas: Understanding and analysis of the operations of banks and insurance companies Financial and stock market knowledge Analysis of international trade and economics Understanding of intangible capital in business operations and the national economy Sustainable development and energy economics

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