Aarhus University Seal / Aarhus Universitets segl

INTERNATIONAL ECONOMIC CONSULTING

Master's Degree Programme

About the programme 
Language: English  (See language requirements)  | Place of study: Aarhus  |  Commencement: August / September (no winter intake)

Introduction

  • What are the costs and benefits of spreading public sector activities, e.g. decentralize university educations to a higher degree?
  • Should farmers in Bangladesh receive direct financial support or just price guarantees?
  • How many cars will need a parking space in Copenhagen in 2020 – and how many public and private electric vehicle-charging stations are needed to accommodate the shift to hybrid and electric cars?
  • 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?
  • Should a company diversify its international providers of inputs and intermediate goods to include more countries than currently?

These and many other challenges situated at the intersection of economics and management form the basis of the MSc in International Economic Consulting. The increasing complexity of international relations has led to a steadily growing demand for international economic consulting services in which consultants have skills to handle the analysis of complex data, to combine the analysis with knowledge about economic business principles, and to report the results in clear writing and oral presentations. Large multinational corporations, regional and national policy-makers, international organisations like the World Bank, the EU, and the OECD, as well as a growing number of non-profit interest groups require sound economic analyses and feasibility studies for a wide range of issues.

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 where data analysis skills as well and knowledge about economic business principles are required. 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

Bachelor's degrees with direct admission

Students that hold a Bachelor of Science degree in Economics and Business Administration (HA) or variants hereof from Aarhus University can pursue direct admission to the MSc programmes in Economics and Business Administration after they complete their Bachelor’s degree programme.

If you hold a Bachelor’s degree in Economics and Business Administration, Bsc (HA) from one of the Danish universities, you fulfill the specific admission requirements for the Master’s degree programmes in Economics and Business Administration (cand.merc.).

If you hold a Bachelor of Science degree in Economics and Business Administration (HA) or variants hereof from Aarhus University or Bachelor’s degree in Economics and Business Administration, Bsc (HA) from one of the Danish universities, with a diploma older than 2000, your Bachelor’s degree will be assessed according to the specific admission requirements described under the section: “Students that hold a degree from another university”. 

Students that hold a degree from another university

If you hold a degree from another university, your qualifications will be assessed once you have applied for admission. The assessment will prioritize the sufficient content of the following subjects and ECTS-points:    

Subject

ECTS

Methods*

15 ECTS

Marketing

7,5 ECTS

Finance

7,5 ECTS

Accounting

7,5 ECTS

Organisation- and Leadership Theory

7,5 ECTS

Microeconomics

5 ECTS

Operations Management

5 ECTS

Additional ECTS points within the abovementioned areas

25 ECTS

Total ECTS within Economics and Business Administration

80 ECTS

*Please note, applicants must have at least 15 ECTS within methods including at least 10 ECTS within quantitative methods or statistics.

Admission to the MSc in Economics and Business Administration for applicants with a professional bachelor’s degree (professionsbachelor)

In order to meet the admission requirements for the MSc programmes in Economics and Business Administration, applicants with a specific professional bachelor’s degree must have completed specific elective courses as part of their qualifying exam. In this table the requirements for elective courses are laid out.

Language requirements

As 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 requirments.

Restricted admission from 2022

As from the intake 2022, the Master’s degree programmes in Economics and Business Administration (cand.merc.) only admits a limited number of students each year. Therefore, meeting the admission requirements does not in itself guarantee admission to the programme. 

Please note, for programmes with restricted admission special rules regarding supplementary Bachelor’s courses apply. Therefore, we no longer offer pre-assessments for the programme in Economics and Business Administration (cand.merc.).

Read more about supplementary Bachelor’s courses.

Selection criteria

If there are more qualified applicants than available seats, the Admissions Committee assesses each applicant based on the average mark (i.e. GPA) of the Bachelor’s degree at the time of application. Marks/grades obtained after the application deadline will not be included in the GPA. The Admissions Committee assesses each applicant’s marks based on the information provided by diplomas and transcripts.

Programme structure

ACADEMIC REGULATIONS

Below is an outline of the courses:


 

In the first semester you follow the prerequisite courses that form the methodological and academic basis for the further study programme.

In the second semester you follow the specialisation courses of the programme.

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 the Summer University or at one of our more than 300 partner universities abroad. You can also participate in project-based 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. The thesis may be written in collaboration with another student or it may be the result of your individual effort.

Student Life

 

Learning in an International Context

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

All researchers employed are engaged in research projects covering a wide range of different subjects and focusing on knowledge and skills considered essential for professional business activities in the global marketplace. 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, experiences are gathered and friendships are 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.

Follow the student life at Aarhus University

-experienced, photographed and filmed by the students themselves.

With thousands of pictures #yourniversity gives insight into the everyday life as a student at AU; the parties, procrastination, exams and all the other ways you’ll spend your time at university.

 

The photos belong to the users, shared with #Yourniversity, #AarhusUni and course-specific AU-hashtags.

Career

Tasks as a Graduate

This data is derived from AU's 2016 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.

JOB PROFILE

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

  • Consultant in domestic or 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, which gives 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 graduates have acquired knowledge that enables them to:

  • Understand and consider knowledge pertaining to various disciplines, as well as identify academic issues on the increasingly complex border between economics and management
  • Master the scientific methodologies and up-to-date tools of the various disciplines as well as master general skills associated with employment within the areas studied
  • Manage work and development situations that are complex, unpredictable and require new solution models and applied economic analysis
  • Understand and consider knowledge pertaining to the various disciplines as well as identifying academic issues
  • Master the scientific methodologies and tools of the various disciplines as well as mastering 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 developing 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 the 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)

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

We want to help our students find successful careers. Students can always contact our Career Services for advice and assistance with getting onto the Danish labour market. Check out our careers page to see the range of services we offer.