Business is constantly changing. Combining deep technical knowledge with advanced industrial economics skills creates the conditions to adequately approach and solve complex problems from multiple perspectives. The work of an Industrial Economics graduate is primarily focused on technology-based business development, in both established and emerging industries. Consequently, engineering and management consultant, project manager, product developer, investment manager, marketer or entrepreneur are examples of jobs an industrial economics graduate may have. Quite soon after completing their education, many of them get managerial positions of various kinds.
The Industrial Economics and Organisation subject area is concerned with theoretical and practical knowledge of the management of innovation, production and marketing in established and emerging industries. The focus is on the development and organisation of efficient industrial operations, profitable technology-based business and how to create the conditions for innovation, development and growth. The natural starting point for research and training is the organisation (company/department/project) and its activities. However, as the organisation is not a closed world, its historical and contemporary environment, conditions for technical and economic assessment, and the conditions of the organisation's employees are also included. Industrial economics and organisation is an applied subject at the interface between the engineering, social and human sciences.
The courses in industrial economics are characterised by the fact that they deal with issues where technical and economic skills are needed to solve problems from an industrial perspective. Central to this are models and theories of management and organisation of technology-based business.
The MSc in Industrial Economics places great emphasis on the interplay between technical problem solving and the economic context. The programme emphasises the integration of technology, economics and management and the ability to communicate and collaborate at the intersection of different competencies. Throughout the programme, you will take courses in industrial economics that are advanced year by year. From the first year onwards, in addition to courses in Industrial Economics, you will also take courses in Mathematics and Science. In years two and three, you will study in-depth in the subject area of industrial economics and in a technology specialisation. You will then take courses together with students from other engineering programmes. Thus, knowledge in industrial economics and engineering/science is acquired in parallel throughout the undergraduate programme, and year three ends with a thesis at undergraduate level.
In your fourth and fifth years, you will continue to deepen your knowledge in the framework of the Master's programme in Industrial Economics (Industrial Engineering and Management) by taking courses in both Industrial Economics and the chosen engineering specialisation. The programme concludes with a thesis at advanced level.
Of the students admitted to the Industrial Engineering and Management programme, many students take advantage of the opportunities for either one or two semesters of exchange study.
In the first year, you will take courses in mathematics, programming techniques and Excel, and mechanics. You will also introduce your studies to the subject of Industrial Economics by taking the following courses during your first year. year taking three different courses.
Mathematics (multiple courses) 22.5 creditsIndustrial Economics (several courses) 22.5 credits Programming techniques and Excel 7.5 credits Mechanics, basic course 8 credits
In your second year, you have compulsory courses in differential equations, numerical methods and statistics, and industrial economics, among others. In Year 2, you must also choose an engineering discipline in which you wish to study in depth, so in parallel with the courses in Industrial Economics, you will take courses in your chosen engineering discipline.
Industrial Economics (multiple courses) 18 creditsSpecific engineering courses 27 credits Differential equations 6 credits Numerical Methods 6 credits Probability Theory and Statistics 6 credits Electromagnetism and Waves 7.5 credits
In your third year, you will continue to take courses in industrial economics alongside courses in your chosen technology specialisation. Year three ends with a thesis, undergraduate level, 15 credits.
Industrial Economics (multiple courses) 18 creditsTechnology specialisation and elective credits approx. 27 credits Thesis, first cycle, for Bachelor's degree 15 credits
In Years 4 and 5, you will continue your education by deepening your knowledge within the framework of the Master's programme in Industrial Engineering and Management (TIEMM). This is done through parallel studies in both Industrial Economics and the chosen engineering specialisation at advanced level. Therefore, no general credit breakdown is possible, however, all students take a 30 credit Thesis.
Mixed courses depending on technology specialisation, 90 hpThesis, advanced level, 30 credits