BSc in Economics

Understanding the complications of domestic and international economies holds more value today than ever before. With a solid theoretical foundation in macroeconomics and microeconomics, students of Economics also gain practical experience through hands-on assignments.

Overview

Economics-BScCredits

180 ECTS.

Language

Language of instruction is generally Icelandic. Selected modules are available in English, please see the online course catalogue for language of instruction for each course. For more information about courses in English, please contact the programme administrator:

Phone:+354 599-6338
E-mail: bsnamvd@ru.is

The RU International Office also provides information about study programmes for exchange students.

Highlights

  • Diverse course options and interdisciplinary studies
  • Focus is on problem-solving, diverse assessment methods, and group project work.
  • Global outlook and strong ties with industry
  • Teachers are accomplished academics in their field

Innovation and starting new ventures

Reykjavik University's School of Business has developed a unique interdisciplinary course which is a requirement for all first-year students at RU. In three weeks during spring semester, students must develop a unique product, from idea to prototype to market. Students work in teams made up from all four academic schools.

International accreditation

The BSc programme in Business Administration has an accreditation from EPAS. The accreditation is granted by the European Foundation for Management Development, EFMD, a membership organisation of 750 business universities and other parties that work on developing and improving business education.

Information for current students

Structure

Core courses

156 ECTS

Electives

12 ECTS

Final assignment

12 ECTS

Length of study 

Three years.

Students generally take five courses (30 ECTS) per semester, four courses over a 12 week period followed by  one course over a three week period.

Course catalogue

Information about courses can be found online in the RU Course Catalogue.

Structure

 First year - Autumn
 First year - Spring
Macroeconomics II  Microeconomics I
Applied Mathematics I  Applied Statistics I
Financial Accounting  Applied Mathematics II
Marketing Management  Management
Methodology (3 week module) Entrepreneurship and Starting New Ventures (3 week module)
 Second year - Autumn
 Second year- Spring
Macroeconomics II  Microeconomics II
Econometrics  Labour Economics
Corporate Finance  International Ecomomics
Design and Analysis of Annual Financial Statements  Public Finance and Public Choice
 Valuation / Human Resource Management *  Portfolio Management / Managerial Management *
 Third year - Autumn
 Third year - Spring
Quatitative Methods in Economics  Business Ethics
Applied Game Theory  Financial Markets / Operation Management *
History of Economic Theory and Economic Thought  Free elective
Applied Project in Economics (3 week module)  BSc Thesis
Free elective  

* Finance / Management

Admissions

Requirements

As a general rule, a matriculation examination or equivalent is a requirement. Other degrees are considered on an individual basis.

Mathematics

Applicants should preferably have certain basic mathematical skills. These basic skills consist in basic algebra (for example, power, roots, and logarithms), functions, curves in a coordinate system, and differentiation. It is preferable that students have completed at least mathematics 363 or equivalent.

Languages

Good skills in both Icelandic and English are required. The same admission requirements apply to the full-time programme and the part-time programme.

In order to apply for full-time programme, students need to speak Icelandic. Students can however take courses in the programme through the RU´s students' exchange programme.

What needs to accompany applications?

  • An official (stamped) transcript of the matriculation examination must be submitted in print format to the RU reception. Scanned diplomas are not accepted.
  • Letter of recommendation (a plus but not mandatory)

If students have completed university-level courses, they can apply for those previous studies to be evaluated for transfer of credit. Rules and form for evaluation of previous studies.

Contact us

Guðný Arna EinarsdóttirGuðný Arna Einarsdóttir
Programme Administrator
Phone:+354 599-6338
E-mail: bsnamvd@ru.is



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