Industrial Economics - Master of Science Degree Programme


Study programme description for study year 2024-2025

Facts

Credits (ECTS)

120

Studyprogram code

M-INDØKG

Level

Master's degree (2 years)

Leads to degree

Master i teknologi / sivilingeniør

Full-/Part-time

Full-time

Duration

4 Semesters

Undergraduate

No

Language of instruction

Norsk

Offered by
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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 outcomes

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.

After completing the master's degree, it is possible to apply for admission to the doctoral program in risk management and societal safety.

Course assessment

Schemes for quality assurance and evaluation of studies are stipulated in Quality System for Education.

Study plan and courses

Enrolment year:

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  • Compulsory courses

    • INDMAS: Master Thesis in Industrial Economics

      Year 2, semester 3

      Master Thesis in Industrial Economics (INDMAS)

      Study points: 30

      Read full course description

  • Compulsory courses

  • Choose one course in 1st semester

    • DAT540: Introduction to Data Science

      Year 1, semester 1

      Introduction to Data Science (DAT540)

      Study points: 10

      Read full course description

    • STA510: Statistical Modeling and Simulation

      Year 1, semester 1

      Statistical Modeling and Simulation (STA510)

      Study points: 10

      Read full course description

  • Specialization Engineering - choose one of the pre-approved 'packages'

    • Petroleum Engineering

      • PET505: Directional Drilling and Well Flow Engineering

        Year 1, semester 1

        Directional Drilling and Well Flow Engineering (PET505)

        Study points: 10

        Read full course description

      • PET555: Process Simulation

        Year 1, semester 2

        Process Simulation (PET555)

        Study points: 10

        Read full course description

    • Computer science

      • DAT510: Security and Vulnerability in Networks

        Year 1, semester 1

        Security and Vulnerability in Networks (DAT510)

        Study points: 10

        Read full course description

      • DAT520: Distributed Systems

        Year 1, semester 2

        Distributed Systems (DAT520)

        Study points: 10

        Read full course description

    • Cybernetic/Signal Processing

    • Engineering Structures and Materials Technology

    • Risk Management and Maintenance

      • Risk Management and Maintenance - Compulsory course

        • RIS505: Foundations of Risk Analysis and Risk Science

          Year 1, semester 1

          Foundations of Risk Analysis and Risk Science (RIS505)

          Study points: 10

          Read full course description

      • Risk Management and Maintenance - Choose 10 ECTS in 2nd semester

    • Civil engineering - Specialization Structural engineering

  • Specialization choice

    • Contract administration

      • Contract administration - compulsory course

        • IND610: Contracts - Design and Management

          Year 1, semester 1

          Contracts - Design and Management (IND610)

          Study points: 10

          Read full course description

      • Choose one course in 2nd semester

        • IND530: Contract Strategy

          Year 1, semester 2

          Contract Strategy (IND530)

          Study points: 10

          Read full course description

        • IND550: Project Cost Estimation and Risk Analysis

          Year 1, semester 2

          Project Cost Estimation and Risk Analysis (IND550)

          Study points: 10

          Read full course description

      • Contract administration - electives, semester 1-3, 20 ECTS

    • Project management

      • Project management - compulsory course

        • IND550: Project Cost Estimation and Risk Analysis

          Year 1, semester 2

          Project Cost Estimation and Risk Analysis (IND550)

          Study points: 10

          Read full course description

      • Choose one course in 1st or 3rd semester

        • IND610: Contracts - Design and Management

          Year 1, semester 1

          Contracts - Design and Management (IND610)

          Study points: 10

          Read full course description

        • IND630: Strategy and Management

          Year 1, semester 1

          Strategy and Management (IND630)

          Study points: 10

          Read full course description

      • Project management - electives, semester 1-3, 20 ECTS

        • IND530: Contract Strategy

          Year 1, semester 2

          Contract Strategy (IND530)

          Study points: 10

          Read full course description

        • IND640: Derivatives, Risk and Markets

          Year 1, semester 1

          Derivatives, Risk and Markets (IND640)

          Study points: 10

          Read full course description

        • IND650: Innovation Management and Entrepreneurship

          Year 1, semester 1

          Innovation Management and Entrepreneurship (IND650)

          Study points: 10

          Read full course description

        • MSB255: Supply Chain and Operations Management

          Year 1, semester 1

          Supply Chain and Operations Management (MSB255)

          Study points: 10

          Read full course description

        • MSB309: Corporate Finance

          Year 1, semester 1

          Corporate Finance (MSB309)

          Study points: 10

          Read full course description

    • Green change and innovation management

      • Green change and innovation management - compulsory courses

        • IND570: Green Transition

          Year 1, semester 1

          Green Transition (IND570)

          Study points: 10

          Read full course description

        • IND650: Innovation Management and Entrepreneurship

          Year 1, semester 1

          Innovation Management and Entrepreneurship (IND650)

          Study points: 10

          Read full course description

      • Electives, 20 credits

    • Investment and finance

      • Investment and finance - compulsory course

        • IND660: Financial Engineering in Python

          Year 1, semester 2

          Financial Engineering in Python (IND660)

          Study points: 10

          Read full course description

      • Choose one course

      • Electives, 20 ECTS

        • IND550: Project Cost Estimation and Risk Analysis

          Year 1, semester 2

          Project Cost Estimation and Risk Analysis (IND550)

          Study points: 10

          Read full course description

        • IND610: Contracts - Design and Management

          Year 1, semester 1

          Contracts - Design and Management (IND610)

          Study points: 10

          Read full course description

        • IND630: Strategy and Management

          Year 1, semester 1

          Strategy and Management (IND630)

          Study points: 10

          Read full course description

        • MSB255: Supply Chain and Operations Management

          Year 1, semester 1

          Supply Chain and Operations Management (MSB255)

          Study points: 10

          Read full course description

    • Operation Analyse

      • Operation Analyse - compulsory course

      • Choose one course

        • IND550: Project Cost Estimation and Risk Analysis

          Year 1, semester 1

          Project Cost Estimation and Risk Analysis (IND550)

          Study points: 10

          Read full course description

        • RIS525: Risk Assessment, Economic Evaluation and Decisions

          Year 1, semester 1

          Risk Assessment, Economic Evaluation and Decisions (RIS525)

          Study points: 10

          Read full course description

      • Electives, 20 ECTS

Student exchange

Tilbake
  • All countries

    Aalto University

    Carlo Cattaneo University -LIUC

    University Carlo Cattaneo er et privat universitet i byen Castellanza, i Nord-Italia. Universitetet ble dannet av en gruppe entreprenører for å tilby utdanningen innen økonomi, teknologi, ledelse og rettsvitenskap. Universitetet ble etablert i 1989. Universitetet samarbeider tett med næringslivet.Universitetet ligger kun 15 min unna Milano-Malpensa flyplassen.

    Griffith University

    Griffith University er en populær utvekslingsdestinasjon for UiS-studenter. Universitetet er et særlig godt valg for studenter innen musikk/dans, hotell/turisme og business.

    North-West University

    Politecnico di Milano University

    Politecnico di Milano er Italias største tekniske universitet med om lag 40.000 studenter og er høyt rangert på en rekke internasjonale rankinglister.

    Polytechnic University of Catalonia

    Catalonia venter – reis på utveksling til Politechnica de Catalunya ( UPC)!

    Queensland University of Technology

    Queensland University of Technology (QUT) er et av Australias største universitet med 40.000 studenter og en stor andel internasjonale studenter. Reis "down under" og bli en del av dette studentmiljøet du også!

    San Diego State University

    San Diego State University (SDSU) ligger helt sør i California, på grensen til Mexico, og bare et par timers kjøretur fra Los Angeles. Dette er en svært populær utvekslingsdestinasjon for UiS-studenter.

    University of Bergamo

    University of Bergamo er et italiensk offentlig universitet i den vakre byen Bergamo i Nord-Italia. Bergamo har ca. 121 000 innbyggere og er et kulturelt senter med sterk industri. Universitetet ligger spredt rundt i byen med tre ulike campus og har en internasjonal profil.

  • Australia

    Griffith University

    Griffith University er en populær utvekslingsdestinasjon for UiS-studenter. Universitetet er et særlig godt valg for studenter innen musikk/dans, hotell/turisme og business.

    Queensland University of Technology

    Queensland University of Technology (QUT) er et av Australias største universitet med 40.000 studenter og en stor andel internasjonale studenter. Reis "down under" og bli en del av dette studentmiljøet du også!

  • Finland

    Aalto University

  • Italia

    Carlo Cattaneo University -LIUC

    University Carlo Cattaneo er et privat universitet i byen Castellanza, i Nord-Italia. Universitetet ble dannet av en gruppe entreprenører for å tilby utdanningen innen økonomi, teknologi, ledelse og rettsvitenskap. Universitetet ble etablert i 1989. Universitetet samarbeider tett med næringslivet.Universitetet ligger kun 15 min unna Milano-Malpensa flyplassen.

    Politecnico di Milano University

    Politecnico di Milano er Italias største tekniske universitet med om lag 40.000 studenter og er høyt rangert på en rekke internasjonale rankinglister.

    University of Bergamo

    University of Bergamo er et italiensk offentlig universitet i den vakre byen Bergamo i Nord-Italia. Bergamo har ca. 121 000 innbyggere og er et kulturelt senter med sterk industri. Universitetet ligger spredt rundt i byen med tre ulike campus og har en internasjonal profil.

  • Sør-Afrika

    North-West University

  • Spania

    Polytechnic University of Catalonia

    Catalonia venter – reis på utveksling til Politechnica de Catalunya ( UPC)!

  • USA

    San Diego State University

    San Diego State University (SDSU) ligger helt sør i California, på grensen til Mexico, og bare et par timers kjøretur fra Los Angeles. Dette er en svært populær utvekslingsdestinasjon for UiS-studenter.

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