Aalto University School of Business

Master's Degree Programme in Economics


Studying economics develops both analytical thinking and academic insights in addition to promoting the ability to apply economic theory to a wide range of economic phenomena. It qualifies students to understand the connection between micro- and macroeconomic questions as well as to see the causality between such questions. The programme equips students with appropriate econometric and mathematical tools of analysis to tackle economic issues and problems. Students are trained to analyze, organize and effectively communicate their analyses.

The study programme in Economics is structured to ensure internationally comparable qualifications and a lifelong human capital. The programme is particularly strong in the areas of International Economics (including Development Economics) and Applied Microeconomics (including Environmental and Energy Economics, Labor and Personnel Economics, Industrial Organization, and Game Theory). A long-term cooperative arrangement between the Department of Economics at the Aalto University School of Business, the Department of Political and Economic Studies at the University of Helsinki, the Department of Economics of Hanken School of Economics, and the Wider Institute, allows a student at one institution to take lecture courses at the other institution with a minimum of paperwork.

Learning outcomes

Students graduating from the programme will have:

1. Understanding of economic theory and ability to use it in new situations

  • ability to read scientific literature in the field, with the exception of the most advanced material
  • general understanding of modern microeconomics and macroeconomics and deeper understanding of selected subfields of economics
  • ability to make small modifications to existing theoretical models
  • ability to interpret real-world phenomena in the light of theories

2. Ability to use arguments based on economic theory in practice

  • ability to formulate recommendations for decision making both in the public and private sector
  • ability to analyze of the effects of policies

3. Quantitative skills for efficient use of data

  • ability to critically use and interpret economic data
  • ability to use statistical methods to examine relationships and to test economic hypotheses

4. Fluent communicational skills

  • ability to orally and verbally communicate economic arguments both to economic experts and non-experts
Teaching ModeFull Time
Academic RequirementsAcademic background in business or economics
Length24 Months