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.



180 ECTS.


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:+354 599-6358

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


  • 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 Department of Business Administration 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

EFMD-Accreditated-BSc-PantoneThe BSc programme in Business Administration has an accreditation from EFMD. 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


Core courses

156 ECTS



Final assignment


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


 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 Accounting *
 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



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


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.


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


Elín Helga Lárusdóttir

Programme Administrator

Phone:+354 599-6558


Was the content helpful? Yes No