Understanding Economics Analysis

This Master's Programme in Economics is designed to equip you with the analytical tools you will need for work in the field of Economics. The specific objective of the programme is for you to acquire tools for economic analysis and to apply these in policymaking in the public and private sectors. You will develop advanced skills in terms of a solid knowledge in economic theory – in particular microeconomic theory and quantitative methods – for understanding and analysing economic problems. These skills are essential for a practising economist in many applied fields.

Solid training in research is emphasised through the requirement of thesis work. In the writing of the thesis, you will demonstrate and practise your ability to integrate economic theory and methods in a context raised by the research question.

If you have a degree focused on Economics or Finance and wish to further your understanding of how economic policy affects society, then you are strongly encouraged to apply. Since the programme includes the composition of a thesis, it is ideal for you if your intention is to pursue research or if you aim to demonstrate to potential employers an ability both to understand economic theory and methods, and to integrate these into real-life situations.

How To Apply

Applying to this programme is quick and easy. Just complete these two steps:

  1. Click on the blue "Apply" button to create a user account and add the programme to your account in the online application portal.
  2. Submit the required documents to verify that you fulfill the entry requirements listed below. It is usually possible to upload the required documents to your user account.

Entry Requirements (August 2018)

Specific Entry Requirements

A Bachelor’s degree comprising at least 180 credits with a major in Economics or equivalent knowledge. Documented language proficiency knowledge equivalent to English B/English 6 at Swedish upper secondary school or equivalent knowledge.

English Language Proficiency

The most common tests and important scores that are accepted are:

  • IELTS (academic training), 6.5 (with no part of the test below 5.5)
  • TOEFL (Internet based): 90 (with a minimum of 20 on the written part)
  • TOEFL (paper based): 575 (with a minimum of 4.5 on the written part)

Please check the University Admissions information on English Language Proficiency to see if you are required to submit a TOEFL or IELTS result.

Tuition Fees

105 000 SEK (total)
*EU/EEA Citizens are not required to pay tuition fees.

Tuition fees are paid in one-semester installments and the first payment (53 000 SEK) must be paid no later than June 1. This allows for reasonable processing time for a residence permit application.

If you have any questions about tuition fee payments, please e-mail tuitionfees@du.se.

Scholarships

There are a number of scholarships available for successful applicants to the Business Studies Programme who are not EU/EEA citizens.

For more information about scholarships, please visit our webpage about international student scholarships or contact study@du.se.

Programme Overview

The programme is a one-year Master’s in Economics. It comprises 60 credits (1 credit = 1 ECTS) and it starts in the beginning of September, which is the start of the autumn semester.

The programme focuses on applied microeconomic analysis. All courses and supervision are given in English. The first semester (autumn) of the programme is composed of four courses. The second semester (spring) includes two courses. The final course is a Master’s thesis of 15 credits in Economics. Four courses in Economics are the same as for the Business Intelligence (BI) Master’s Programme. The writing of a Master’s thesis forms the final course.

All courses except * are second cycle.

All courses except ** belong to the main field of study Economics.

Semester 1 (Autumn)

  • Mathematics for Microdata Analysis */** (ST2004)
  • Applied Microeconomics (NA3001)
  • Econometrics (NA3011)
  • Economics of Leadership (NA3009)

Semester 2 (Spring)

  • Advanced Microeconomics (NA3005)
  • Welfare Economic Analysis of Public Policy (NA3007)
  • Master Thesis (NA3004)

Degree Awarded

Upon completion of the programme, you will be awarded a Master of Science in Economics.

Study Environment

Dalarna University is a small university, which will allow you to develop personal relationships with your classmates and teachers. You will study at the campus in Borlänge, which is located close to the region's largest shopping centre. Borlänge is situated 10 kms from Romme Alpin Ski Resort.

Typically, there are 10-15 students in each class in the Economics Programme. Lessons include lectures, individual and group discussions and presentations, study visits and an examination or essay. You will normally have up to ten hours of classes a week, as well as 20 to 30 hours of individual reading and writing assignments, and group projects.

Since the programme admits only a small number of students, you will easily get to know your classmates and be involved with activities in and around Dalarna and Sweden with new-found friends.


Career Opportunities

Upon completion of the programme, you will be prepared for staff and managerial positions in the public and private sectors that require the integration of microeconomic analysis and advanced quantitative methods.

Your career opportunities in the private sector include consultant, trading expert, financial advisor and analyst. Opportunities in the public sector may be found within education and NGOs. This programme will also prepare you for advanced studies in PhD programmes in Economics.

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Former Students

Yueying Li, China

woman standing behind a bicycleI got to know Dalarna University through a family friend who had studied there as an exchange student. I heard wonderful things about the quality of the education through him and it indeed met my expectations.

One of the best parts about studying at Dalarna University is the diversity. The department constantly invites and collaborates with professors from other top universities and research institutions, which infuses various academic and professional perspectives into the program. Studying and working with professors from diverse backgrounds grants students opportunities to dive into different realms in Economics. Furthermore, students are able to creatively work on their degree projects with their own supervisors. For me, the experience was absolutely unique and irreplaceable. I was inspired by how passionate the professors were about their research, and learned to keep seeking different ways to tackle real-world problems.

The relationship between students and professors here is rather sincere and relaxed. Also, outside of the class, I was always surrounded by amazing peers from all over the world. It was an indispensable part of my life that made my experience complete as an international student. We cooked together, partied together, played sports together, and walked all the way from Borlänge to the downtown of Falun together. I harvested invaluable memories and friendship from the days we spent together. Although the farewell finally came, I was just so grateful that we met. They taught me how to be a good member of the multi-cultural community. "International student" is not an identity, but a perspective.

The master program in Economics equipped me with not only fundamental knowledge in this field, but also strong quantitative skills and communication skills, which enabled me as I studied to be a data scientist at one of the best business analytics programs in the US: The MSC in Business Analytics at Carlson School of Management. Now I am working at an IT consulting firm as a data scientist to help businesses make better decisions every day in the U.S.

I would gladly recommend this program and Dalarna University to people who are eager to interact with sincere classmates and professors who are always willing to lend a helping hand, who are interested in learning fundamental theories as well as practical skills, and who want to share in the culture of Scandinavia.


Nikos from Greece

Portrait image of NikosI always wanted to study abroad. Since I had already a Bachelor degree in Accounting, I was searching for a Master programme. Finally, I decided to apply for the Master programme in Economics at Dalarna University and I have to say that it was an experience that I will never forget.

I joined the programme in January 2013 and I graduated on January 2014. During this year I received great knowledge, I met people with different cultures from all over the word, I made new friends and most of all I improved my English.

I was very impressed with the organization of the campus and its staff. Everybody were very friendly and were always there to solve queries and to provide their help. Furthermore, I was really impressed with the relationship between students and teachers, which was very progressive and efficient. In Sweden, you always feel free to ask questions and get the advice you need.

The transportation in Dalarna is very convenient. Every 15-20 minutes, buses and trains connect all the cities of the Region. You can easily get to Stockholm as well.

I highly recommend the Master Programme in Economics to all those students who have the desire to gain a higher education in Economics and the experience of studying in an international environment. After my graduation, I continued my studies in Berlin and now I am working there as Financial Accountant.

Dalarna is a very nice place to live and I already missed the time I spent there.


Janis GailisPortrait image of Janis

I found out about Dalarna University when I was looking for a master study programme in economics. Prior to the master programme itself, I was enrolled in pre-master semester, which, looking back today was very valuable, helping me to adapt and preparing me for the requirements in the master programme.

My first impressions about the university were informal way of teaching and friendly relations between teaching staff and students. I was always able to approach teachers and administrative staff when needed. As studies were intensive and teaching standard was high, I had the opportunity to gain very fundamental knowledge in economics.  In many study courses we were able to choose the topics of our interest which were related to real-life problems. As one of the biggest advantages is the modest class size, so one can always be involved in discussions.

Apart from the studies I very much enjoyed how organized is the student's life, the accommodations are located in a close proximity to the university so you can either walk or take a bike and it takes only a couple of minutes. One of the greatest aspects is that you can meet people from all over the world because the study environment is truly international what I didn't expect prior to coming to Sweden. Living and socializing with students from different background I learnt a lot about their cultures and met new friends.

Along with the studies there is always a plenty to do, especially if you love sports or being in nature as Dalarna region is famous with its outstanding natural beauty.

If you want to learn a solid theoretical foundation of economics and also think like an economist, apply for studies in Dalarna University, because this will be one of your most valuable experiences.

Currently I am working as a finance controller, and I am convinced the studies in DU were a good corner stone in my further career development.


Gina Vardaki

My name is Gina and I am coming from Greece.

I joined Dalarna University on September of 2015 to attend the Master in Economics of Tourism and Events.

I have a Bachelor in Economics Science from the University of Piraeus and my working experience was in the tourism sector (Hotels operations) in several countries.

My initial thought was to connect my Bachelor studies with my working experience with this Master.
During my studies at Dalarna University I had the opportunity to practice my mostly theoretical education of the bachelor studies and to extend my knowledge to the economic science.

Further, during the courses and the thesis period I had the chance to work with real cases and apply an economic research with actual numbers and results.

The study period was extremely manageable as the University provides all the necessary syllabus, there are uncountable sources available in the library (in the actual library and online), as well as modern and updated equipment (computers, printers, etc.).

In addition to this, there was a series of interesting, educational and enjoyable activities (guest lectures, student trips, etc.), which assisted in the completion of the master degree through the whole year.

Finally, the most important factor for me was the guidance and the support of all the professors of the University and especially of the Economic department. The communication was rapid and easy and there were always available for us.
After the submission of my master thesis, I moved to the Netherlands to start an internship with Hilton Worldwide.

The University assist me in that part as well, as I was applicable for an Erasmus Grant scholarship.

In Amsterdam, I joined the management team of the F&B department of the Hilton Schiphol Amsterdam Airport hotel.

During my 6 months internship, my role combined with both operational and administrative tasks. Further, due to my studies in Economics I assist the Finance Department of the hotel in the period of very demanding business.

Today, I am continuing with Hilton Worldwide and I work as an F&B Supervisor for the same department at the same hotel. My daily tasks, apart from other things, include the economic analysis of the financial results, pricing (menu engineering), budget plans and marketing strategy.

I hope my experience explain to you what is coming after the completion of a master degree. The economic sector is very wide and there are plenty of opportunities for everyone.

Thank you very much for reading and Good Luck!

Gina Vardaki

PS: Always remember that all your work (assignments, thesis, etc.) should be consistent. ALWAYS! I learnt that very well at Dalarna University☺!


Amin Karimu

My name is Amin Karimu an alumna of Dalarna University, Sweden. I completed the master's programme in economics in 2006, currently a lecturer at University of Ghana Business School. After the master's programme, I went further to obtain a PhD in economics from Umeå University and served there for two years as a researcher after my PhD. The time I spent at Dalarna University was full of fun and fulfillment. The small class sizes make it possible to easily connect with other students and it created an excellent learning platform that is very engaging. Also, the concept of combining computer sessions with theoretical aspects of some of the courses such as econometrics, help greatly as it provided a better understanding of the theory and at the same time created an empirical ability, which helped me greatly in my PhD studies. I really did enjoy my time there and made great friends, who continue to be part of my social network.

In addition to my current job, I also work as the head of Energy, Environment And Resource Economics section of the African Finance and Economics Consult. My consulting and research interests are generally in electricity markets, energy efficiency policies, innovation and technology development, energy and carbon tax policies, energy poverty interventions, renewable energy, commodity price shocks and trade, management of natural resources, and green and inclusive growth in Africa.

I would definitely recommend the master's programme for prospective students interested in an economic programme that blend theory with the empirics.

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