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There are three separate majors in the programme:

Economics

Economics major equips the student with a well-rounded and comprehensive understanding of modern economics and its relevance to real-world phenomena. Its flexible structure allows for an individually designed curriculum that combines specialized courses in chosen sub-fields of economics together with analytical and quantitative courses that prepare for demanding analytical jobs. Economics major prepares the student for a professional career in the private or public sector.

Environmental and Energy Economics

Environmental and Energy Economics major has a special focus on environmental and energy markets and policies. Environmental and energy economics endows the student with skills relevant for a broad set of public or private positions related to the energy transition.

Research Master in Economics

The primary objective of the Research Master in Economics major is the provision of in-depth understanding of the principles of economic analysis. It represents state-of-the art scientific knowledge of the field and prepares students to operate in most demanding expert positions in government, business, and research. The advanced and technically oriented nature of the major also serves as an excellent foundation for entry into a PhD program and other research-focused roles in the society.

Degree level learning goals

MSc degree studies consist of programme studies and elective studies. In some programmes, there is also a compulsory minor. The scope of the modules varies between programmes.

In addition to the goals stated in  (794/2004) 7 § the aim of the Master of Science degree in Economics and Business Administration is to provide students with

• Businss knowledge: a comprehensive understanding of the area of specialisation, including its potential to address environmental, economic and social sustainability challenges;
• Problem-solving and opportunity creation skills: the ability to identify and analyse sustainability challenges and business opportunities and creatively develop solutions;
• Scientific thinking: the ability to independently retrieve, assess, apply and create knowledge in the field of business and economics;
• Ethical behaviour: the ability to reflect on the ethical foundations and implications of business decision-making for different stakeholders and to act accordingly; and
• Communication and teamwork: the ability to communicate effectively and to foster diversity, equity and inclusiveness in organisations.

Programme level learning objectives

The aim of the master’s programme in economics is to give students a wide understanding of economic issues and a comprehensive knowledge of econometric and mathematical tools of analysis. When studying in the programme, the students will develop the following skills:

1. analytical thinking: the ability to analyse a wide range of economic phenomena by using different theories;
2. scientific thinking: the ability to apply the economic theory in practice;
3. methodological skills: the ability to use econometric and mathematical methods; and
4. communication skills: the ability to structure and report economic analysis orally and in writing.

Code: BIZ24
Scope: 84-87 ECTS
Programme director: Tuukka Saarimaa

^{1 Enrollment to the seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).
2 Customized Student Business Project must be agreed in advance, see course description in Sisu for more details. Only for Aalto students.}

At the consent of the programme director it is possible to include 1-2 courses offered by other subjects at the School of Business or by other schools of the Aalto University. This enables the student to focus on a certain area of economics, e.g. financial economics. These courses must meet the goals and requirements of the programme. For more information, you can contact the planning officer of Economics.

It is recommended that students who wish to continue to doctoral studies choose a wider combination of courses in micro- and macroeconomic theory than the minimum requirements. It is also possible to choose the Research Master in Economics major from the beginning of the master's studies.

Code: BIZ24
Scope: 86-87 ECTS

Students who wish to start in the Environmental and Energy Economics major must contact Professor Matti Liski.

_{1 Offered by the Master’s program in Agricultural, Environmental and Resource Economics (AGERE) at the University of Helsinki.
2 Enrollment to the seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).}

Code: BIZ24
Scope: 84 ECTS
Programme director: Tuukka Saarimaa

Students aiming at the Doctoral Programme or jobs that require advanced methodological skills can apply for the major Research Master in Economics. Research master courses are arranged within the Helsinki Graduate School of Economics cooperation.

Economics students who wish to complete Research Master in Economics must apply for the major. The application period is once a year in the Spring.

To be eligible for the major, student should have a grade point average of at least 4.00 in the core B.Sc. courses, i.e. Intermediate Microeconomics, Intermediate Macroeconomics, Econometrics and Mathematical Methods of Economics. For students from other programs, previous studies must prove sufficient knowledge in economics, mathematics and statistics. To be eligible for the major student's study right must also be valid for at least two years. Student can start completing the research master courses only after the approval of the programme director.

^{1 Enrollment to the seminar held in autumn semester by 31.5. (in the previous spring) and to the seminar held in spring semester by 31.10. (in the previous autumn).} 

Helsinki Graduate School of Economics, Research Master courses

The research master courses are arranged within the Helsinki Graduate School of Economics cooperation. The course details are given on the course host university’s (Aalto University, Hanken School of Economics or University of Helsinki) Sisu page. The research master track courses (Advanced Econometrics, Advanced Macroeconomics and Advanced Microeconomics) are .