Study programme description for students
Industrial Economics - Master
Facts
Studyprogram code M-INDØKG
Credits (ECTS) 120
Level Master's degree (2 years)
Leads to degree Master i industriell økonomi
Full-/Part-time Full-time
Duration 4 semesters
Undergraduate No
Language of instruction Norwegian
The Industrial Economics Master of Science (M.Sc.) programme equips you with the theoretical and practical understanding of engineering and natural sciences, and business and management sciences through the lens of economics.
The programme is multidisciplinary and offers the flexibility to tailor your specialization toward an industrial sector that best suits your professional goals. The green transition, exemplified by the changing landscape of energy markets, promises to make economies more environmentally sustainable and resilient to shocks. In connection to this, the work embedded in this study programme lays the foundation for your path toward advancing the UN Sustainable Development Goals, especially focusing on UN SDGs 7 (Affordable and Clean Energy), 9 (Industry, Innovation and Infrastructure), and 12 (Responsible Consumption and Production). The technical and managerial expertise you gain will be relevant for management positions in a variety of sectors nationally and internationally, including energy, the marine industries and other industries, construction, trade, services, the public sector, and science and academia.
The admission requirements for the Industrial Economics M.Sc. programme are a three-year bachelor’s degree in engineering and documented competence in business administration and microeconomics. The latter may be demonstrated through courses completed prior to application to the master's program or by taking preliminary courses.
The programme is a post-graduate degree, runs over 4 semesters, and has a scope of 120 ECTS points. After completing the programme, you will be awarded the Norwegian title of “Sivilingeniør”.
Learning outcome
A candidate with a completed and passed two-year master's degree in industrial economics shall have the following overall learning outcomes defined in terms of knowledge, skills and general competence:
Knowledge
K1: Have advanced professional knowledge of scientific theory, methods and applications in economics, investment, decision analysis and project management and specialized insight into a limited area within economics and technology.
K2: The candidate can apply this knowledge to economic and technical issues in society associated with industry and business based on the discipline's history, traditions, distinctive nature and place in society.
Skills
S1: Can collect and process data to analyse technical and economic problems in a way that integrates technical and economic considerations.
S2: Can evaluate decision and investment alternatives in both commercial and public projects.
S3: Can design decision basis and solution alternatives that can be communicated to managers with both technology and economics background.
S4: Can organize and execute procurement contracts in projects and in other organizations (specialization contract).
S5: Can plan and carry out follow-up of project (specialization project management).
S6: Can do fundamental analysis of markets, assess price risk and know how to use financial instruments to reduce risk (specialization in investment and finance)
General competence
G1: Can analyse relevant academic, professional and research ethical issues.
G2: Can apply their knowledge and skills in new areas to carry out advanced tasks and projects.
G3: Can collaborate in interdisciplinary environments for solution of technical/economic challenges.
G4: Can communicate extensive independent work and master the subject area's forms of expression.
G5: Can communicate about professional issues, analyses and conclusions within the field, both to specialists and to the general public.
G6: Can contribute to innovation and innovation processes.
Career prospects
The technical and managerial expertise you gain will be relevant for management positions in a variety of sectors nationally and internationally, including energy, the marine industries and other industries, construction, trade, services, the public sector, and science and academia.Course assessment
Schemes for quality assurance and evaluation of studies are stipulated in Quality System for Education.Studyplan with courses
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Contact information
Faculty of Science and Technology, tel. 51 83 17 00, e-mail: post-tn@uis.no
Study coordinators: Sabrina Ebenhoch and Stine Thu Johannessen
