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INTERNATIONAL ECONOMIC CONSULTING

Introduction

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  • What are the total costs and benefits of building a new airport in Berlin?
  • Should farmers in Bangladesh receive direct financial support or just price guarantees?
  • How many cars will need a parking space in Copenhagen in 2020?
  • How can CO2 quotas be priced and distributed in a market efficient manner?
  • Which pipelines should be built in order to secure the EU's future gas supply?

These and many other problems, their increasing complexity, their positioning at the border between economics and management and their placement in international contexts have been the backbone of the steadily growing demand for International Economic Consulting services. Large multinational corporations, regional and national policy makers, international organisations (like the World Bank, the EU and the OECD) and a growing number of non-profit interest groups require sound economic analyses and feasibility studies for an impressive range of issues and industrial sectors.

The MSc in Economics and Business Administration - International Economic Consulting – which we have developed in close cooperation with major players of the industry – is organised to prepare students for various job functions within this context. The programme will provide you with up-to-date theoretical knowledge required for applied economic analyses; relevant quantitative and empirical methods suitable for sectoral studies, policy impact analyses and forecasting; the training and concepts required for the implementation of national and international project consulting and, last but not least, introduce you to an exiting international environment.

Admission requirements

Students from Aarhus BSS, Aarhus University

The students that hold a Bachelor’s degree in Business Administration or a Bsc programme from Aarhus BSS, Aarhus University can pursue direct admission to Msc programmes after they finish their Bachelor’s programme.

If you hold a Bachelor’s degree in Economics and Business Administration, Bsc from one of the Danish institutions you fulfill the specific admission requirement and will be admitted if the specialisation does not have a limitation on intake. If you do not know whether or not you fulfill the specific requirements, please contact the Student Counselor’s Office.

Language requirements

Since English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.
Please see the page on language requirements.

Admission requirements in 2015

If you hold a degree from another university, you can have your qualifications assessed by Aarhus University, Admission in order to find out if you meet the admission requirements. Please contact ma.admission@au.dk for further information. You can receive a pre-assessment between 1 September and 1 December. 

In 2015 the admission requirements for the Master’s degree programmes in Economics and Business Administration will be changed to the following:

Quantitative and Qualitative Methods

15 ECTS

Managerial economics and Operations Management

15 ECTS

Marketing

7,5 ECTS

Finance and Accounting

15 ECTS

Organisation- and Leadership Theory

7,5 ECTS

Microeconomics

5 ECTS

Additional ECTS points within the abovementioned areas

15 ECTS

Total ECTS within Economics and Business Administration

80 ECTS

 


 

Programme structure

PREREQUISITE COURSES

Econometric Methods in Economic Consulting
Successful participation in the course will enable the student to perform advanced econometric analysis of problems typically encountered in an Economic Consulting context. The course develops thorough methodological competences with a special focus on the application to empirical questions that arises when complicated evaluations of programs are performed. As a result of the course, the graduated student is expected to develop the ability to make independent advanced analyses, where the student includes only relevant elements from the course and demonstrates substantial factual knowledge with respect to concepts, definitions, and theories.

Advanced Industrial Economics
This course is concerned with the theoretical and empirical understanding of the intensity of competition across industries and its effect on prices, quantities, quality choice, efficiency and market structure. It also studies the need of public intervention by describing the economics of competition policy.

Organisational Economics and Strategy
This course studies how firms create a competitive advantage and maintain it, and analyses strategic choices regarding the boundaries of the firm, the incentive mechanisms and the organisational structure that will best serve their strategies.

Cost-Benefit Analysis (CBA) or Project Evaluation as it is sometimes referred to, is an essential tool in economic consulting. The purpose of CBA is to facilitate better decision-making. It ensures that resources are effectively allocated by estimating the monetary values - as far as this is possible - of all the benefits and costs to society of alternative projects, typically public investment projects. Cost-benefit and cost-effectiveness are also central elements within the context of budgetary and political considerations as parts of social evaluation of investments.


SPECIALISATION COURSES

International Economic Integration gives a broad understanding of the forces and effects of globalisation through technological and policy changes. Based on the theory of international economics we examine integration as driven by organisations like e.g. the World Trade Organization (WTO) and the EU. The ability to put institutional knowledge into operation in an economic analytical context is a key element in working with government agencies, international institutions and many non-profit organisations on issues such as changes in trade rules or EU policies.

Developing and Emerging Economies
The growing wealth of the world is distributed unevenly. This is a central challenge for policy makers and a field of growing demand for informed economic advice. The course will focus on the opportunities and conditions for economic growth in developing and emerging economies and provide you with an understanding of the underlying economic mechanisms.

Applied Economic Consulting
Would it be a good idea to attract the Olympics to Denmark? These and many other questions come down to economics. What is the total impact, what are the involved costs and benefits, how do you forecast primary and secondary effects? This course simulates the entire process surrounding a real-world economic consulting problem, including an introduction to various project management tools.


In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.


The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and so get a chance to concentrate on and specialise in a specific field of interest. We encourage students to work on topics that are related to international economic consulting and/or are performed in cooperation with a consulting company or a governmental or international institution. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic advisor as well as an external examiner.

 

 

Student life

Student Life at Aarhus BSS from Aarhus Universitet on Vimeo.

Learning in an international context

At Aarhus BSS, we conduct research at the highest academic level.

All researchers employed are engaged in research projects spanning a wide range of different subjects and focusing on knowledge and skills considered essential for professional business activities in the global market place. All faculty have both research and teaching responsibilities which means that our teaching is continually based on the latest research results.

Aarhus BSS is very internationally oriented. The broad scope of our research activities and educational programmes enable us to attract researchers, teachers, and students from all over the world, and this creates an international environment for research and learning in which academic views are exchanged, experience gathered and friendships formed.

Aarhus University is a leading university in Denmark in building student exchange opportunities. The university encourages all students to spend time studying abroad. Every year, more than 700 students from Aarhus BSS go abroad to participate in exchange programmes around the world at our more than 300 partner universities. About the same number of students from all over the world come to participate in the exchange programme in Aarhus and this contributes to a truly international learning atmosphere.

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Career

Tasks as a graduate

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 represent the responses submitted to the survey in the years in question.

Career reflections from Aarhus Universitet on Vimeo.

JOB PROFILE

Career opportunities for graduates in MSc IEC include the following possibilities:

  • Consultant in International Consulting Companies
  • Analyst in regional and national governments
  • Consultant in International Organisations and Development Agencies
  • Economist with non-profit organisations
  • Economist/Analyst with multinational companies, banks or industrial interest groups

PROFILE OF COMPETENCIES

The research-based MSc study programme in Economics and Business Administration builds on the competencies and insights acquired in the BSc study programme in Economics and Business Administration.

The study programme provides the graduate with specialist knowledge within the disciplines of the study programme that give the graduate high academic qualifications to develop solutions to issues pertaining to business administration in companies and organisations in the public and private sectors.

The study programme also qualifies the graduate for further studies, including PhD studies.

Through the study programme, the graduate has acquired knowledge that enables the graduate to:

  • Understand and consider knowledge pertaining to the various disciplines as well as identify academic issues
  • Master the scientific methodologies and tools of the various disciplines as well as master general skills associated with employment within the areas studied
  • Assess and choose among the scientific methodologies and tools of the various disciplines as well as develop new analysis and solution models
  • Discuss professional and academic issues with both specialists and laymen
  • Manage work and development situations that are complex, unpredictable and require new solution models
  • Initiate and carry out, on an independent basis, monodisciplinary and interdisciplinary collaboration and take professional responsibility
  • Take responsibility, on an independent basis, for own professional development and specialisation
    From studies to first job
    ”Leave Denmark for a while, get your hands dirty and find out how the rest of the world works and operate... It will give you much more in your backpack that you can take up and use whenever needed in your career!!”.

(Msc in International Economic Consulting)

”Pick an area of specialization + the more languages you speak the easier you will find (and hold) a job”.
(Msc in International Economic Consulting)

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Revised 08.08.2016