2. Major in economics Per Botolf Maurseth B4-011 Per.B.Maurseth@bi.no
Master of Science
Major in economics
Per Botolf Maurseth
B4-011

3. About economics Our aim is to understand the economy: Microeconomics:
Markets, competition, incentives, contracts, strategic interaction
Macroeconomics
Interest rates, stock market and unemployment
Economic growth
Innovation, produtivity and R&D.
International trade and globalization
Econometrics and forecasting

4. Perspective Method for thinking about the economy
Theory, applications and empirics
General vs partial equilibrium
Many questions, not alwas answers

5. Master vs bachelor Level Research based teaching Student effort
Higher level of abstraction
Deeper understanding
Research based teaching
Teachers are researchers in their field
Student effort
You gain from being active and invest in effort
Relevance
Topics are abstract, and also relevant for understanding real-world topics and business

6. Topics
Interest rates
Important for business, for investments and for individuals.
Can they be predicted?

7. NOK and the oil price

8. How to incentivise CEOs?
Fixed salary?
Bonus?
Size?
Turnover?
Profits?
Options?

9. Government spending
How much should Norway spend of our pension fund?

10. Housing prices

11. Business cycles
Financial crisis hit Europe hard.

12. Growth in long term
Ups and downs are on average small in the long run

13. What do we require? Interest and curiousity Analytical skills
Critical thought, critical questions and effort.
Analytical skills
Theories formulated as models
Interest for quantitative analysis
Use of empirical methods/econometrics

14. Difficult? Not more than other disciplines

15. Carreer opportunities
Business related jobs
Chief economists/macro analysts
Central bank, banks, finance
Consultancy, Telenor
Norwegian competition authority (Konkurrransetilsynet)
International organizations
Government and ministries
Research

16. Double degree Cooperation between four European partners:
University of Amsterdam,
University of Ljubljana,
University Pompeu Fabra (Barcelona)

17. Department of economics
Strong academic department
Leading researchers
International cooperation
Cooperation with government and business
Cover most fields in economics
Superior teachers and supervisors

18. Electives (*GRA6649/GRA6664/GRA 6665/GRA 6666)
Structure
Semester
6 ECTS
1. semester
GRA Mathematics CORE
GRA Microeconomics CORE
GRA  Advanced Macroeconomics
GRA Statistics with Econometrics and Programming CORE
GRA Economic Theory
2. semester
GRA Research Methodology Economics CORE
GRA Applied Business Ethics CORE
GRA 6639 – Business
Cycles
GRA Industrial Economics
GRA 6612 – Applied Microeconomics
3. semester
Electives (*GRA6649/GRA6664/GRA 6665/GRA 6666)
​ ​ ​
GRA Master Thesis
4. semester
GRA Monetary Policy and Financial Stability
GRA Master Thesis ​ ​ ​

19. 3. semester
Exchange
Internship
Electives

20. Learn more

21. Master thesis The financial crises and the real economy
Does the central bank react to bubbles in the housing market?
How does the exchange rate respond to news in an open economy under inflation targeting?
R&D and growth: A firm level investigation of the Norwegian manufacturing industry
Exchange rate forecasting with model averaging
Monetary Policy in USA: commitment or discretion?
Growth models with energy
FDI and development
FDI and corruption

22. Master thesis Counts 30 credits Cooperation
Seminar in March (faculty present themselves)
June: Choose topic and supervisor
January: Submit preliminary
February: Master thesis seminar
Summer: Submit final thesis.
Topics:
All topics where you can use economics methodology.

23. We want to talk to you! Come to our office ! Contact us

24. You could be the one amongst these !