ECONOMICS AND MANAGEMENT

About the programme 
Language: English  (See language requirements)  | Place of study: Aarhus  |  Commencement: August / September and January / February

Introduction

Internationally Renowned Research Environment

The two-year MSc programme in Economics and Management gives students an in-depth familiarity with a range of economics and management disciplines. The programme is flexible, as students can specialize within a specific field or a combination of economics and management.

Researchers within the programme work in the fields of accounting, finance, macroeconomics, microeconomics, econometrics, and economics of business. The MSc programme allows students to create a personal academic profile within one or across several of these fields. Progress in the chosen courses is closely followed and monitored to ensure the students’ academic development. Each semester, the department offers about 25 elective courses. The broad range of courses allows you to specialize in a particular field of interest and to compose an individual course programme.

The courses are taught on a high level and requires that students are interested in and are thoroughly versed in mathematics, econometrics, and economic theory.

In the Company of Nobel Laureates

Students enrolled in the programme are based at the Department of Economics and Business Economics. The department is renowned for setting high academic standards, and the department engages in close collaboration with many leading international researchers, including Nobel Laureates Dale T. Mortensen (February 2, 1939 – January 9, 2014) and Robert F. Engle. The department’s outstanding research environment includes the Center for Research in Econometric Analysis of Time Series (CREATES), where Nobel laureate Robert F. Engle serves as member of the advisory board.

International Diversity

The academic environment at the department is characterized by international diversity: more than one-third of faculty members and PhD students have an international background. The international atmosphere provides the basis for an enriched and challenging student life.

A Personal Academic Profile

The department conducts research and teaching in the following fields:

  • Accounting
  • Finance
  • Macroeconomics
  • Microeconomics
  • Econometrics
  • Economics of Business

The degree programme allows students to create a personal academic profile within one or across several of these fields. There is compulsory progression in the chosen courses, which ensures students' academic development. Each semester, the department offers about 25 elective courses. The broad range of courses allows you to specialize in a particular field of interest and to compose an individual course programme.

Admission in February (winter intake) is only recommended for students, who hold a bachelor’s degree in Economics and Management from Aarhus University (bsc.oecon.). Students with other academic backgrounds are recommended to apply for admission in September (summer intake).

 

 

 

 

Admission Requirements

Access to the Master’s degree programme in economics and management at Aarhus University requires the successful completion of one of the following bachelor’s degree programmes: 

  • Bachelor’s degree in economics and management from Aarhus University (bsc.oecon.)
  • Bachelor’s degree in economics and management from the University of Copenhagen (bsc.oecon.)
  • Bachelor’s degree in economics and management from the University of Southern Denmark (bsc.oecon.)
  • Bachelor’s degree in economics from Aalborg University (BSc in economics)
  • Bachelor’s degree in mathematics-economics from Aarhus University (BSc in mathematics-economics)
  • Bachelor’s degree in mathematics-economics from the University of Copenhagen (BSc in mathematics-economics)
  • Bachelor’s degree in mathematics-economics from the University of Southern Denmark (bsc.scient.oecon.)
  • Bachelor’s degree in mathematics-economics from Aalborg University (BSc in mathematics-economics)
  • Bachelor’s degree in public policy at Aarhus University (BSc in public policy)
  • Bachelor’s degree in economics and business administration (BSc in business administration and BSc (B), i.e. HA Almen). From the intake of September 2019 this degree will no longer give direct access to the Master’s degree programme in Economics and Management.

Applicants without the educational background described above, who have completed a Bachelor’s degree in Economics or a related field at other universities, may apply for admission to have their study activities evaluated to determine if admission is possible. Please notice that these applicants must, as a minimum, have the following areas covered in their Bachelor’s degree programme in order to be admitted into the programme: 

  • Microeconomy (20 ECTS)
  • Macroeconomy (20 ECTS)
  • Statistics and Econometrics (20 ECTS)
  • Finance and Investment (20 ECTS)
  • Mathematics (15 ECTS)

 

Tracks

The Master’s degree programme in Economics and Management offers four English-taught specialisations:

 

International Master of Science in Quantitative Economics (IMSQE)

Up to 20 students may be admitted annually to the International Master of Science in Quantitative Economics (IMSQE) programme.

Due to the restricted admission, a number of selection criteria are used to select among the applicants who meet the admission requirements. The admission requirements and selection criteria for the International Master of Science in Quantitative Economics (IMSQE) are described in detail on the separate information page for Quantitative Economics.

 

Pre PhD programme

Students are admitted twice a year to the pre PhD programme (the so-called 4+4 PhD programme). Each student is responsible for applying in time. The deadline for applications will be announced by the Graduate School of the Faculty of Social Sciences. Admission is always made on the basis of an individual assessment carried out by an academic committee appointed by the Graduate School. For further details, see the Graduate School's regulations.

Language Requirements 

Since English is the language of instruction in all subjects, all applicants are required to provide documentation for their English language qualifications.

Please see the page on English language requirements.

Programme Structure

Academic regulations

·        SEE THE ACADEMIC REGULATIONS FOR THE PROGRAMME 

Find the master's programme elective courses here.

Specializations

The degree programme in Economics and Management allows students to create a personal academic profile across several fields such as accounting, finance, macroeconomics, microeconomics, econometrics, and economics of business. Students are expected to focus on several academic fields, rather than one particular field.

The courses are taught on a high level and requires that students are interested in and are thoroughly versed in mathematics, econometrics, and economic theory.

If you wish to have a formal specialization appearing on your diploma, you can choose between the following:

Economics
the Economics specialization is for students with a special interest in the fields of econometrics, macroeconomics and microeconomics.

Management
The Management specialization has its primary focus on accounting, finance and economics of business.

Public Policy
With a specialization within public policy you will focus on the connection between economic issues and political science. You will follow courses within both economics and political science, which will provide you with strong analytical skills and an ability to bridge the division between the political and economic research areas. This specialization is primarily aimed at bachelor students with a degree in Public Policy.

No Specialization
It is also possible to enroll in the master’s study programme without a formal specialization. If you choose this, there are still requirements in terms of progression and course distribution. However, there will be fewer requirements compared to students enrolled in a master’s study programme with a specialization.

Requirements
The requirements regarding progression and course distribution, which apply to all students, can be found in the academic regulations. Please note that the requirements vary depending on the specialization.

Student Life

At the Department of Economics and Business, there is close contact between lecturers and students. The department has many study areas and excellent IT facilities. When you need a break from your books, the Economics Association organizes study tours, parties, company visits, etc.

The Department of Economics and Business is located at the AU campus at Fuglesangs Allé, DK-8210 Aarhus V. At the campus you will find all important facilities including the main library, teaching rooms and lecture halls.

The department’s active student environment offers a wide range of both academic and social activities.

You share the canteen with students from other economics' and business administration programmes. Teaching will consist of a combination of lectures and classroom tutorials.

A Typical Week

Notice: The actual schedule for a student depends on the specific courses chosen. Most students also use the weekends to prepare for lectures and classes.

Monday

08:00–12:00 Preparation
12:00–14:00 Lecture
14:00–16:00 Lecture

Tuesday

08:00–11:00 Lecture
12:00–14:00 Lecture
14:00–16:00 Preparation

Wednesday

08:00–10:00 Lecture
11:00–13:00 Preparation
13:00–16:00 Work in study group

Thursday

08:00–12:00 Preparation
12:00-16:00 Work in study group

Friday

08:00–10:00 Lecture
10:00-15:00 Work in study group

Social Life

As a student of economics and management, you are part of an active study environment, which is not just about socio-economic discussions. There is a whole host of clubs and associations, which you can join.

The department’s active student environment offers a wide range of both academic and social activities.

Follow the student life at Aarhus University

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Career

Job Functions for Grads

This data is derived from AU's 2013/2014 employment survey. This data should not be considered a completely accurate representation of the labour market and job functions for all graduates of the individual degree programmes. It exclusively represents the responses submitted to the survey in the years in question.

Career reflections from Aarhus Universitet on Vimeo.

Graduates in High Demand

Economics and Management graduates are in very high demand in the job market. Many graduates achieve top executive positions in the corporate world (e.g. financial institutions and consulting firms) or management advisory positions in the public sector (e.g. ministries and local authorities). Graduates of Economics and Management enjoy some of the highest lifetime earnings and lowest unemployment rates among university graduates in Denmark.

Progress to the PhD Programme

Students who are interested in pursuing an academic career may also progress to the PhD programme.  There are options for both a three-year programme for students having completed their master degree and a four-year programme, where students are enrolled after having completed the first year of the master programme.

From Studies to the First Job

  • ”You do not start in your dream job. You work your way to your dream job.” (Cand.oecon)
  • ”I think that it is crucial to have a relevant student job. The contact to the job market before graduation is very important.” (Cand.oecon)
  • “Be determined and focused in your application. Make it short and precise. Demonstrate that you have made some research on the company and that you have some ideas on what is important to them.” (Cand.oecon)

Read more about what a number of our alumni work with in their first job after graduation