Why choose this programme?
Changes have been made to the structure of the master's programmes. Environmental and Development Economics (EDEC) is no longer offered as a master's programme. However, students admitted to the master's degree in Economics will be able to choose between three different programme options, one of these being Environmental, Resource- and Development Economics. In connection with these changes, we have published new webpages.
The Master Programme in Environmental and Development Economics gives you the possibility to study economics at a high academic level. In addition to the programme courses in environmental economics, resource economics and development economics, the programme has mandatory high-level courses in mathematics, statistics/econometrics and microeconomics as well as 3-4 optional courses. In addition to nine courses, completion of the programme also requires a supervised master's thesis and a final comprehensive oral exam.
The programme is a two-year, full time degree in economics, which is taught entirely in English.
The Department of Economics' range of optional courses comprises inter alia the following:
- Decisions, markets and incentives/Strategic
- Game theory and economics of information
- Economic of the firm
- Economic systems, institutions and
- Consumption, investment and pensions
- Monetary policy and business fluctuations
- Open economy macroeconomics
- International trade/International credit and financial
- Portfolio choice and equilibrium models/Option theory with
- Various advanced econometrics courses
The Environmental and Development Programme, which started in 1997, has mostly non-Norwegian students, including the Departments exchange students from Fudan University (China), St. Petersburg State University (Russia) and Mekelle University (Ethiopia), and self-funded students from many countries.
Target group for the programme
The Department of Economics welcomes highly qualified students with a Bachelors's degree in Economics or equivalent from abroad as well as from Norway.
Admittance requires a working knowledge of elementary calculus of one and several variables and linear algebra. Concepts such as partial derivatives, Lagrange's method for constrained optimization, implicit differentiation, determinants and matrix inverses will be assumed known. It also requires a working knowledge of elementary statistics/econometrics with emphasis on modeling and inference, including concepts such as probability distribution, parameter, estimator, p-value, confidence interval and linear regression.