Master’s Degree in Economics is hard currency in labour market

The University of Helsinki Master’s Programme in Economics provides demanding, high-quality education in the field of economics. Oriented towards social sciences, the two study tracks of the programme prepare students for demanding expert occupations or equip them with the capability to pursue a Doctoral Degree in Economics. Graduates of the programme are hard currency in the labour market.

Economics is one of the largest disciplines at the University of Helsinki as well as in Faculty of Social Sciences, and the largest of its kind in Finland. We met Markku Lanne, Head of the Programme, and asked what makes this programme so special.

“The focus of the programme is social-science oriented. Our highly demanding programme includes two study tracks: the General track, with a quantitative emphasis quite similar to other international Master’s Programmes, and the new Research track, which prepares students for doctoral studies in Economics. In the latter, students are given the opportunity to substitute basic Master’s courses with doctoral-level core courses in Economics already in their Master’s studies. This will eventually speed up their postgraduate studies. There are also few such programmes elsewhere,” explains Lanne, whose area of research is time-series economics.

While the programme is more mathematical and quantitative than many other programmes, all applicants must have strong methodological skills in order to succeed in their studies.

High-quality education is based on high-quality research. Time-series econometrics, microeconomics and game theory, macroeconomics, international economics and public economics are the main areas of research in the Discipline of Economics.

Systematic structure of the studies

The programme structure is highly systematic, which well serves students wishing to graduate in two years. In addition to core courses, the programme includes field courses in economics, as well as optional courses from different fields.

“One of the benefits of our programme is cooperation with two other Finnish universities with a strong Economics offering. Hanken School of Economics offers courses in finance and banking, and at Aalto University, students can take courses in micro-economics, for example. Students can freely choose specialised courses in economics from either of the universities, as well as focus on these areas and write a thesis on them if they so wish,” says Lanne.

International environment welcomes you at the Economicum

The discipline of Economics is based in the Economicum building in the heart of Helsinki. Hanken School of Economics and the Aalto University School of Economics are also housed in the same building, as is the Government Institute for Economic Research (VATT). More than one hundred economists, with about 30 PhDs, work in Economicum.

“Our scientific community is both compact and international. The whole programme is taught entirely in English and approximately a quarter of all students on my courses are foreign students. Our international cooperation with exchange programmes is highly appreciated as well,” adds Lanne.

UH among the 100 best universities in the world 

The University of Helsinki is internationally renowned for its high-quality teaching, research and innovation. Additionally, the discipline of economics has a very active student body (KTTO) safeguarding the interests and looking after the general welfare of its members in the activities of study, work and leisure. According to the Economist (8/2016), Helsinki ranks among the world’s top ten liveable cities.

“The University of Helsinki Master’s degree and the Doctoral Programme are highly valued and perceived as good investments. Our graduates consider the analytical and mathematical demands of the studies very useful in working life. Even though theory is not necessarily present in day-to-day work tasks, it has provided students with analytical skills and had a significant positive impact on employment,” Lanne summarises.

The Master’s Degree Programme in Economics opens up a variety of potential career opportunities. Graduates are employed in research institutions, various organisations, business enterprises, banks and government.