Studies at University of Oulu 2016-2017

The University of Oulu offers study opportunities with a solid academic foundation ranging from 5-6 year degree programmes and master’s programmes to doctoral training. There are also several possibilities such as open university studies, executive training and continuing education for developing and maintaining skills and competencies.

In addition to a variety of student exchange programmes, international master’s degree programmes in English are offered in six fields of study, making the university an international study environment.

International Master's Programmes

Economics, Master of Science (Economics and Business Administration), 120 ECTS Credits

Profile of the Degree: 

Oulu Business School’s Master’s programme in Economics (ME) is a two-year program offering expertise in a wide range of specializations in economics. The studies are comprised of micro and macro economics, quantitative methods and elective field specific courses such as international economics and finance, growth, environmental and energy economics, industrial organization and regional economics. The quantitative nature of the ME ideally suits those who have studied economics, finance, accounting, natural sciences (e.g. mathematics) or engineering. The ME program also gives a good basis for further academic studies at the postgraduate level.

Courses Required for the Degree: 

Studies consist of four modules, each of which corresponds to 30 ECTS credits. The modules are scheduled for four semesters / two years (total of 120 ECTS credits).

See more: Course Structure Diagram for academic year 2015-2017

Learning Outcomes: 

General Learning Outcomes

  • Analytical thinking and problem solving – our graduates are able to solve business and/or economic problems and make business decisions.
  • Disciplinary knowledge – our graduates demonstrate deep and coherent understanding of an academic field of study.
  • Business knowledge - our graduates demonstrate deep understanding of their own profession, and are able to use, process and analyze economic and/or business information.
  • Globally responsible leadership – our graduates are able to act as future generators of sustainable value for business and society.
  • Communication skills - our graduates demonstrate professional oral and written communication knowledge and skills appropriate for business situations.

After completing the Master of Science in Economics, the student

  • can choose and apply economic theories
  • can use and evaluate the newest scientific research and scientific tendencies in their own work
  • can use necessary quantitative methods in independent research
  • recognizes the traditional and new approaches in economics and can interpret their empirical applications
  • can interpret the economic processes and causes and effects of economic relationships and compare the characteristics and applicability of economic models in different situation
  • can write about and discuss economic phenomena applying economic thinking
  • is able to do independent research work and write and present research reports showing expertise in some field of economics

 

Arrangements for Recognition of Prior Learning: 

The recognition of prior learning follows the main principles as defined by the University of Oulu.

 

Modes of Study and Teaching: 

The student studies full-time, corresponding to 120 ECTS credits per year. This equals to 1600 hours of student workload per year. The full degree (120 ECTS credits) can be completed in two years, studying full-time. The studies are carried out as contact teaching.

Language of Instruction: 

English.

Examination Regulations, Assessment and Grading: 

The degree-related studies can be completed based on the curriculum. This means that the student studies the advanced studies and elective studies the curriculum contains, in accordance with the curriculum. The study units are primarily completed by attending examinations and with written assignments and they are assessed by the person responsible for the study unit. The assessment is often based on the grades of final exams and term papers. Also other assessment criteria are used. Study unit descriptions give more exact information on the assessment of study units. Master’s thesis shall be written as the final work in the degree. A Personal Study Plan PSP is compiled for each student, considering student’s prior learning.

Grading: (The University of Oulu Education Regulations 17§): a numerical scale 0-5 in whole numbers or verbal grading Pass or Fail is used in assessing a completed course. When assessing doctoral dissertations and licentiate’s theses, verbal grading kiittäen hyväksytty (Approved with Distinction), hyväksytty (Approved) tai hylätty (Rejected) can be used. In numerical scale zero stands for fail.

In determining the final grade for a study module, a credit-weighted average is utilized. The grades of Pro Gradu Theses and Diploma Theses shall not be considered when determining the average of advanced studies.  Separate provisions have been laid down for assessing the proficiency in Finnish and Swedish language required in accordance with the Government Decree on University Degrees (794/2004).

 

Occupational Profiles of Graduates: 

The job markets for economists are typically broad. The occupational profiles of graduates include demanding specialist and executive positions as well as research and teaching positions both in domestic and international corporations, governmental agencies or third sector organizations, amongst others.

Access to Further Studies: 

After completing Master of Science degree in Economics the student is eligible to apply for Doctoral level studies in Economics.

Graduation Requirements and Final Project: 

In order to graduate, the student is required to have passed all the courses included in the degree, to have completed the Master’s thesis and the maturity test in acceptable manner and to have handed out the degree certificate request according to the Oulu Business School graduation timetable.

In addition, the student must show the required level of Finnish and Swedish language skills according to Act (424/2003, section 6, subsection 1) and the required level of knowledge in one foreign language to be able to follow the field specific development and work in an international environment (Government Decree on University Degrees 794/2004, Language Proficiency Section 6).

 

Qualification Requirements and Regulations: 

All education in the University of Oulu is based on the principles of the joint European credit transfer system (ECTS) which facilitates the transparency of education and the recognition of degrees at an international level. All degrees awarded from the University of Oulu are recognised by the Finnish Ministry of Education and Culture.

The degree provides qualification to use the honorary Finnish title of “ekonomi”. The degree provides language proficiency required of personnel in public bodies in Finland, in accordance with the Language Proficiency Section 6.

 

Basic information

Level of the Degree: 
Master's Degree
Duration of Studies: 
2 years
ECTS Credits: 
120
Language of Instruction: 
English
Graduate Profiles: 
Economist
Portfolio Manager
Risk Manager
Location of Instruction: 
+358 (0)294 487784
sinikka.moilanen (at) oulu.fi

Applying

Applying Information: 
The master's programme is applied for through Studyinfo.fi.
Application Period: 
December 15, 2015 – January 29, 2016 (15.00 GMT +2)

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