International Economic Consulting

International Economic Consulting at Aarhus University is a comprehensive master's degree program designed to equip students with the essential skills and knowledge required to analyze complex economic issues and provide practical consulting solutions in an international context. The program combines theoretical economic principles with real-world application, emphasizing analytical thinking, strategic problem-solving, and effective communication. Students will gain a deep understanding of global economic environments, macroeconomic and microeconomic frameworks, and the specific challenges faced by international organizations, governments, and private firms seeking economic consultancy. Through a rigorous curriculum, students will develop expertise in economic modeling, data analysis, policy evaluation, and strategic advisory services. The program also emphasizes hands-on experience through projects, case studies, and internships, enabling students to apply their knowledge in practical settings. Emphasis is placed on sustainable development, economic policy, and the role of economics in addressing global challenges such as inequality, climate change, and economic stability. Graduates of International Economic Consulting will be well-prepared for careers in consultancy firms, international organizations, governmental agencies, and private sector companies requiring advanced economic analysis and strategic advice. The program also offers opportunities for international exchange and collaboration, fostering a global perspective and multicultural understanding. With a focus on developing both technical and soft skills, the program aims to produce adaptable professionals capable of tackling complex economic issues with innovative solutions. Students will also benefit from Aarhus University's strong research environment and close ties with the professional consulting sector, ensuring that their education is relevant and aligned with current industry needs. Overall, this program prepares graduates to become influential economic consultants capable of making a positive impact in an interconnected world, driving sustainable growth and economic development worldwide.

Description of the Programme:

The International Economic Consulting (IEC) master's degree programme at Aarhus University is designed to provide students with advanced knowledge and practical skills necessary for analyzing, advising on, and solving complex economic issues faced by international organizations, corporations, and governments. The programme offers a comprehensive curriculum that combines theoretical economic principles with real-world consulting projects, preparing graduates for challenging careers in economic advisory services, policy analysis, and international business consulting.

Throughout the programme, students will explore fundamental topics such as microeconomics, macroeconomics, econometrics, and quantitative methods. These foundational courses equip students with the analytical tools to evaluate economic data, interpret market trends, and develop sound economic strategies. Additionally, special emphasis is placed on understanding the dynamics of global markets, trade policies, foreign direct investment, and the impacts of globalization on different economies.

A key feature of the IEC programme is its focus on practical training through case studies, group projects, and internships with leading consulting firms and international organizations. Students will learn how to conduct economic assessments, develop policy recommendations, and communicate their findings effectively to stakeholders. Courses in business strategy, negotiation, and communication skills further enhance students’ ability to operate confidently in multicultural and multidisciplinary environments.

The programme also offers specialized electives such as sustainable development, digital economy, and innovation policy, enabling students to tailor their education according to their career interests. Faculty members are renowned researchers and practitioners with extensive experience in economic consulting, ensuring that students receive up-to-date insights and mentorship.

Graduates of the International Economic Consulting programme will be well-equipped to assume roles as economic analysts, policy advisors, and consultants in international institutions, governmental agencies, consultancies, and non-governmental organizations. The programme's interdisciplinary approach fosters critical thinking, problem-solving, and ethical considerations essential for responsible economic consulting in a globalized world.

The duration of the programme is typically two years, and it includes a thesis project that allows students to investigate a current economic challenge in depth. Aarhus University’s strong ties with industry partners and international networks provide valuable opportunities for professional development and employment after graduation.

Overall, the International Economic Consulting master's programme provides a rigorous and practical education that combines economic theory, empirical analysis, and consulting skills, preparing students to make a positive impact in the global economy.

Programme requirements for the MSc in International Economic Consulting at Aarhus University typically include a relevant bachelor's degree in economics, business administration, or an equivalent field. Applicants are expected to demonstrate solid academic performance, particularly in quantitative courses such as economics, mathematics, and statistics. Proficiency in English is mandatory, usually evidenced by a valid IELTS or TOEFL score, adhering to the university's minimum requirements. Additionally, applicants may need to submit motivation letters, CVs, and letters of recommendation that highlight their interest and prior experience in economic consulting or related areas. Work experience in economics or consulting can be advantageous but is not always compulsory. The selection process emphasizes academic achievements, motivation, and relevant skills, aiming to enroll candidates with strong analytical abilities and interest in consulting practices. Prior familiarity with data analysis software and economic modeling can be beneficial. Candidates should also meet any specific prerequisites outlined for the course modules, such as prior coursework in econometrics or quantitative methods. For international students, visa requirements and language proficiency standards must be fulfilled according to Danish regulations. Finally, the programme may require submission of official transcripts, proof of degree completion, and an application fee. Overall, the programme seeks highly motivated applicants with a strong foundation in economics and quantitative methods, aiming to prepare them for careers in economic consulting, policy advisory, and related fields.

The International Economic Consulting program at Aarhus University offers a comprehensive overview of the financial aspects involved in pursuing higher education in this field. Tuition fees for international students vary depending on the specific measures implemented by the university and government policies. For the academic year 2023/2024, tuition fees for non-EU/EEA students are approximately 10,000 to 15,000 EUR per year, while EU/EEA students may have lower or no tuition fees due to regional agreements and subsidies. Students are encouraged to explore scholarship opportunities available through Aarhus University, which may cover partial or full tuition costs based on academic merit or financial need. Additionally, students can consider external funding options such as government grants, private scholarships, or international study loans. The university provides guidance and support services to help students identify suitable funding sources and navigate the application processes. Living expenses in Aarhus, including accommodation, food, transportation, and study materials, should also be budgeted for, with estimates ranging from 800 to 1,200 EUR per month. Students may work part-time during their studies, subject to visa regulations, to support their finances. There are also financial aid options for enrolled students, including grants and student loans through Danish authorities or international financial institutions. It is advisable to start financial planning early to ensure sufficient funding for the duration of the program. Overall, studying International Economic Consulting at Aarhus University requires careful budget management, but various funding opportunities are available to assist students in financing their education while gaining valuable international experience.

International Economic Consulting at Aarhus University offers students a comprehensive education in analyzing and advising on economic issues in a global context. The program is designed to develop strong analytical and economic skills, with a focus on applying economic theory to real-world problems faced by businesses, governments, and international organizations. Students learn to evaluate economic policies, assess market developments, and provide strategic advice based on rigorous economic analysis. The curriculum includes courses in microeconomics, macroeconomics, econometrics, and specialized modules in international trade, finance, and economic consulting methodologies. Practical skills are emphasized through case studies, projects, and internships, giving students valuable experience in consulting work and a solid foundation for careers in consulting firms, international organizations, finance, or public policy. Aarhus University ensures that students are equipped not only with theoretical knowledge but also with practical competencies, including data analysis, presentation, and communication skills tailored to professional advisory services. The program also encourages international mobility and cross-cultural understanding, preparing graduates for careers in diverse global markets. Upon completion, students receive a Master’s degree in Economics and Business Administration with a specialization in International Economic Consulting. The program's international perspective, combined with Aarhus University's strong research environment and close ties to the Danish and European economic sectors, makes it an attractive choice for students wishing to pursue a career that requires both academic rigor and practical expertise in international economics.