The Department of Economics offers a wide range of master courses in all subjects in Economics. Courses can be studied within a master programme, or they can be studied as free-standing courses. All courses are 7.5 ECTS credits each (except for the essays and one additional course), and for full-time studies one takes four courses during one term and one studies two courses each period within each term. Please see course curricula below for information about course content, admission requirements and study period. 

All courses are offered in English, unless otherwise is stated.

Literature: see practical study information

Autumn term
September - October
NEKN21 - Advanced Microeconomic Analysis, 7.5 credits 
NEKN32 - Mathematical Methods - Advanced level, 7.5 credits 
NEKN54 - Environmental Economics, 7.5 credits
NEKN65 - Advanced Health Economics, 7.5 credits
NEKN71 - Advanced Course in Eco. Integration, 7.5 credits
NEKN81 - Foundations of Finance, 7.5 credits 
NEKP21 - Microeconomics - Individual Choice, 7.5 credits 
NEKP51 - Advanced Public Economics, 7.5 credits 

November - January
NEKN22 - Economic and Financial Decision Making, 7.5 credits 
NEKN31 - Advanced Econometrics, 7.5 credits 
NEKN41 - Advanced Macroeconomic Analysis, 7.5 credits 
NEKN43 - Applied International Macroeconomics, 7.5 credits 
NEKN51 - Economic Evaluation, 7.5 credits
NEKN73 - Advanced Development Economics, 7.5 credits 
NEKN82 - Empirical Finance, 7.5 credits 
NEKP32 - Math. Methods - Dynamic Optimisation, 7.5 credits (odd years)

NEKN01 - Master Essay - first year, 15 credits (Curriculum)
NEKN06 - Master Essay - Health Economics,15 credits (Curriculum)
NEKP01 - Master Essay  - second year, 15 credits (Curriculum)

January - March
NEKN33 - Applied Microeconometrics, 7.5 credits
NEKN34 - Time Series Analysis, 7.5 credits 
NEKN66 - Advanced Labour Economics, 7.5 credits (even years)
NEKN72 - Advanced Trade Theory, 7.5 credits
NEKN89 - Financial Risk Management, 7.5 credits
NEKP22 - Microeconomics - Strategic Interaction, 7.5 credits (even years)
NEKP35 - Econometric Theory, 15 credits (odd years)
NEKP41 - Economic Growth, Advanced Course, 7.5 credits (even years)
NEKP42 - International Macroeconomic Theory, 7.5 credits (odd years)

April - June 
NEKN01 - Master Essay - first year, 15 credits (Curriculum)
NEKN06 - Master Essay - Health Economics,15 credits (Curriculum)
NEKP01 - Master Essay  - second year, 15 credits (Curriculum)

The programme provides you with deepened and thorough knowledge of modern economic theories, concepts and techniques and their applications. You will acquire the necessary tools to undertake advanced economic analysis and gain specialised knowledge in your specific field of interest. You will also become familiar with major and recent literature in your particular field of specialisation and learn important research techniques.

The programme is designed to give students a sound knowledge in the basic methods of advanced economics, allow them to specialise in a specific area of interest and enable them to apply their knowledge to analyse real world problems. The programme commences with an obligatory first term including courses in Mathematics, Microeconomics, Macroeconomics and Econometrics. After the first term you can choose courses from different specialisations. There is no requirement of following a specific profile (that is, one can take specialisation courses from different profiles), but it is highly recommended. A designated profile will give you a specialised area in Economics and by following one of the recommended structures you will also be well prepared for the master essay.

The following recommended profiles are offered:

• Econometrics
• Financial Economics
• International and Development Economics
• Macroeconomics
• Microeconomics
• Public Economics with Health and Labour Economics

Econometrics
The Econometrics Profile of the Master programme in Economics is aimed at providing specialised competence in econometric methods. It is especially suitable for students who wish to work with advanced empirical analysis and forecasting. It is also an excellent preparation for those aiming at PhD studies in econometrics or in economics with a specialisation in econometrics.

For a master degree of 120 credits the following courses are recommended. 

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN34 - Time Series Analysis, and
1. NEKN33 - Applied Microeconometrics (from 2009), or
1. NEKP35 - Econometric Theory (odd years, 15 credits)
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. Optional course
1. Optional course
2. Optional course
2. NEKP32 - Mathematical Methods - Dynamic Optimisation (odd years), or
2. Optional course

Year 2 - Spring term
1. NEKP35 - Econometric Theory (odd years, 15 credits), or
1. NEKN34 - Time Series Analysis, and
1. NEKN33 - Applied Microeconometrics (from 2009)
2. NEKP01 - Master Essay, second year

Financial Economics
The Financial Economics Profile of the Master programme in Economics is aimed at providing specialised competence in financial economics. It is also an excellent preparation for those aiming at PhD studies in finance or in economics with a specialision in financial economics.

For a master degree of 120 credits the following courses are recommended.

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN34 - Time Series Analysis, and
1. NEKN83 - Financial Valuation and Risk Management, or
1. NEKP35 - Econometric Theory (odd years, 15 credits)
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. NEKN81 - Foundations of Finance
1. Optional course
2. NEKN82 - Empirical Finance
2. NEKN22 - Economic and Financial Decision Making

Year 2 - Spring term

1. NEKP35 - Econometric Theory (odd years, 15 credits), or
1. NEKN34 - Time Series Analysis, and
1. NEKN89 - Financial Risk Management
2. NEKP01 - Master Essay, second year

International and Development Economics
The International and Development Economics Profile of the Master programme in Economics is aimed at providing specialised competence in these areas. It is also an excellent preparation for those aiming at PhD studies in economics who wish to specialise in international or development economics.

For a master degree of 120 credits the following courses are recommended.

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN72 - Advanced Trade Theory
1. NEKN33 - Applied Microeconometricss
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. NEKN71 - Advanced Course in Economic Integration
1. Optional course
2. NEKN73 - Advanced Development Economics
2. Optional course

Year 2 - Spring term
1. Optional course
1. Optional course
2. NEKP01 - Master Essay, second year

Macroeconomics
The Macroeconomics Profile of the Master programme in Economics is aimed at providing specialised competence in macroeconomics. It is also an excellent preparation for those aiming at PhD studies in economics who wish to specialise in macroeconomics.

For a master degree of 120 credits the following courses are recommended. 

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN34 - Time Series Analysis
1. NEKP41 - Economic Growth, Advanced Course (even years), or
1. NEKP42 - International Macroeconomic Theory (odd years)
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. Optional course
1. Optional course
2. NEKN43 - Applied International Macroeconomics
2. NEKP32 - Mathematical Methods - Dynamic Optimisation (odd years), or
2. Optional course

Year 2 - Spring term
1. NEKP41 - Economic Growth, Advanced Course (even years), or
1. NEKP42 - International Macroeconomic Theory (odd years)
1. Optional course
2. NEKP01 - Master Essay, second year

Microeconomics
The Microeconomics Profile of the Master programme in Economics is aimed at providing specialised competence in microeconomics. It is also an excellent preparation for those aiming at PhD studies in economics with a specialisation in microeconomics.

For a master degree of 120 credits the following courses are recommended. 

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN33 - Applied Microeconometrics
1. NEKP22 - Microeconomics - Strategic Interaction (even years), or
1. Optional course
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. NEKNP21 - Microeconomics - Individual Choice
1. NEKN54 - Environmental Economics
2. NEKN22 - Economic and Financial Descision Making
2. NEKP32 - Mathematical Methods - Dynamic Optimisation (odd years), or
2. Optional course

Year 2 - Spring term
1. NEKP22 - Microeconomics - Strategic Interaction (even years), or
1. Optional course
1. Optional course
2. NEKN01 - Master essay, second year

Public Economics with Health and Labour Economics
The Public Economics with Health and Labour Economics Profile of the Master Programme in Economics is aimed at providing specialised competence in public economics. It is also an excellent preparation for those aiming at PhD studies in economics with a specialisation in a related area.

For a master degree of 120 credits the following courses are recommended. 

Year 1 - Autumn term (period 1 resp. 2)
1. NEKN21 - Advanced Microeconomic Analysis
1. NEKN32 - Mathematical Methods
2. NEKN31 - Advanced Econometrics
2. NEKN41 - Advanced Macroeconomic Analysis

Year 1 - Spring term
1. NEKN33 - Applied Microeconometrics
1. NEKN64 - Advanced Labour Economics (odd years), or
1. Optional course
2. NEKN01 - Master Essay, first year

Year 2 - Autumn term
1. NEKN65 - Advanced Health Economics, or
1. NEKN54 - Environmental Economics
1. NEKP51 - Advanced Public Economics
2. NEKN51 - Economic Evaluation
2. Optional course

Year 2 - Spring term
1. Optional course
1. NEKN64 - Advanced Labour Economics (odd years), or
1. Optional course
2. NEKP01 - Master Essay, second year

The programme is designed to give students a sound knowledge in the basic methods of advanced finance and enable you to apply your knowledge to analyse real world problems.

The programme is divided into two terms, which consist in total of four study periods. In the first term, focus is primarily on advancing students’ knowledge of the theory of finance and econometric techniques used in financial research. In the second study period, students follow two courses that further advance and specialise their knowledge of the theory of finance and financial econometrics.

In the second term, focus is instead shifted more towards application and problem solving. The second term ends with a degree project in finance in the fourth study period.

Autumn term (period 1 resp. 2)
1. NEKN81 - Foundations of Finance, 7.5 credits
1. NEKN96 - Financial Econometrics and Machine Learning, 7.5 credits
2. NEKN82 - Empirical Finance, 7.5 credits
2. NEKN93- Theory of Corporate Finance, 7.5 credits

Spring term 
1. NEKN89 - Financial Risk Management, 7.5 credits
1. NEKN95 - Managerial Finance, 7.5 credits
2. NEKN02 - Master essay, 15 credits

The programme aims to train students in understanding the role of data analytics in the digital economy in general, and in particular how organisations can utilize the increasing availability of “big data” to their advantage by making better-informed decisions. Students will learn programming and data management, how to use statistical machine learning tools in order to explore and deduct patterns from data, and how to incorporate the results obtained into strategic decision making.

This one-year Master’s degree comprises of 60 ECTS credits. The year is divided into two 30 ECTS credits terms. 

Autumn term (period 1 resp. 2)
1. DABN22 - Introduction to Programming (3.5 hp)
1. DABN19 - Data Visualisation (4 hp)
1. DABN13 - Machine Learning from a Regression Perspective (7.5 hp)
2. DABN14 - Advanced Machine Learning (7.5 hp)
2. DABN20 - Working with Databases (3.5 hp)
2. DABN18 - Legal aspects of Data Analytics (4 hp)

Spring term 
1. Two of the courses below: 
DABN17 - Analytics-based Strategic Management (7.5 hp)
INFN65 - Business and Artificial Intelligence (7.5 hp)
NEKN33 - Applied Microeconometrics (7.5 hp)
NEKN34 - Time Series Analysis (7.5 hp)
STAN47 - Deep Learning and Artificial Intelligence Methods (7.5 hp)
STAN49 - Analysis of Textual Data (7.5 hp)
2. DABN01 - Master essay (15 hp)

For literature lists, see practical study information

For information about different degree certificates and course requirements, see Degree certificate