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  • Doctoral Programme in Economics
  • Doctoral School and Doctoral Programmes
  • University of Helsinki Doctoral School
  • Website https://www.helsinki.fi/en/research/doctoral-education/doctoral-schools-and-programmes/doctoral-school-in-humanities-and-social-sciences/doctoral-programme-in-economics

Organisation profile

Organisation profile.

The Doctoral Programme in Economics (DPE) belongs to the Doctoral School in Humanities and Social Sciences. The Programme's responsible faculty is the Faculty of Social Sciences and its home unit at the responsible faculty is the Department of Political and Economic Studies. The teaching takes place within the Finnish Doctoral Programme FDPE.

The DPE is organized according to the best international practices. It promotes doctoral education in economics by systematically providing courses and seminars based on a programme launched already in 1990.

In their first year, students take mandatory core courses in microeconomics, macroeconomics, and econometrics. In the second year, they choose between a large number of field-specific courses. The subsequent thesis work is supported by regular workshops in different subfields of economics. The thesis is an independent piece of work containing research contributions at an international level.

All teaching in the DPE takes place in English. The Programme's fresh doctors are well placed in international academic institutions, central banks, research institutes, government organizations, and in private sector. Information on the programme can be found at the webpage of Finnish Doctoral Programme in Economics  FDPE .

International and National Collaboration

Dive into details.

Select a country/territory to view shared publications and projects

No photo of Tridib Bose

Tridib Bose

  • Economics - Doctoral Researcher

Person: U1 Research and teaching staff, Doctoral Researcher

No photo of Selina Maria Rose Clarke

Selina Maria Rose Clarke

No photo of Peter George Valdemar Elmgren

Peter George Valdemar Elmgren

  • Academic Disciplines of the Faculty of Social Sciences - Grant-funded researcher

Person: Visiting scholar, Doctoral Researcher

No photo of Niklas Alexander Gäddnäs

Niklas Alexander Gäddnäs, Doctoral Researcher

No photo of Siiri Emilia Gråsten

Siiri Emilia Gråsten

  • 1 Not started

Projects per year

Game Theoretical aspects of Blockchain technology

Soria Ruiz-Ogarrio, J. (Project manager) & Savolainen, V. (Participant)

Project : Research project

IBEP: Individual Behavior and Economic Performance

Hazak, A. (Project manager), Nagatsu, M. (Participant), Aydinonat, N. E. (Principal Investigator), Vartiainen, H. (Participant) & Paunio, T. (Participant)

01/09/2020 → 31/08/2023

Nordic kidney exchange mechanism

Vartiainen, H. (Project manager)

01/01/2020 → 31/12/2022

Saving the Archipelago Sea by applying gypsum to agricultural fields - Follow-up

Ekholm, P. (Project manager), Ollikainen, M. (Project manager), Punttila, E. (Participant), Ala-Harja, V. (Participant) & Kosenius, A.-K. (Participant)

01/01/2019 → 31/12/2020

Identifiability and Estimation in Structural Vector Autoregressive Moving Average Time Series Models

Funovits, B. (Principal Investigator) & Koistinen, J. (Participant)

01/12/2018 → 31/12/2020

Project : University of Helsinki Three-Year Research Project

Publications

  • 26 Doctoral Thesis
  • 7 Working paper
  • 3 Other contribution
  • 1 Commissioned report
  • 1 Other articles

Research output per year

Additional public procurements in health services: Lessons from Finnish physiotherapy markets

Research output : Contribution to journal › Article › Scientific › peer-review

Non-Gaussian Structural Vector Autoregression with Unknown Break Points

Research output : Working paper › Scientific

Statistically identified structural VAR model with potentially skewed and fat-tailed errors

Banks, non-bank funding sources and the allocation of credit to firms.

Research output : Thesis › Doctoral Thesis › Collection of Articles

Bayesian Inference on Fully and Partially Identified Structural Vector Autoregressions

  • 53 Peer review of manuscripts
  • 52 Oral presentation
  • 36 Organisation and participation in conferences, workshops, courses, seminars
  • 13 Academic visit to other institution
  • 6 Supervisor or co-supervisor of doctoral thesis
  • 4 Membership or other role of body in private company/organisation
  • 3 Invited talk
  • 2 Public Talks
  • 2 Consultancy
  • 2 Editor of research journal
  • 2 Pre-examiner of doctoral thesis
  • 2 Academic visit at UH
  • 1 Opponent of doctoral dissertation
  • 1 Post doctoral mentor
  • 1 Supervision of other thesis (Master's, Licentiate)
  • 1 Membership or other role in national/international committee, council, board
  • 1 Membership or other role in public Finnish or international organization

Activities per year

Esitys: Climate Change and Monetary Policy: A Bayesian DSGE Perspective

Tervala, J. (Speaker)

Activity : Talk or presentation types › Oral presentation

RRA/UNU-WIDER Tax Gap Workship

Pirttilä, J. (Attendee)

Activity : Participating in or organising an event types › Public Talks

Inefficiency Unveiled: A Bayesian DSGE Analysis of Public Investment in China

Taxing top incomes in the emerging world -- fiscal and economic impact under the microscope.

Pirttilä, J. (Speaker)

Posteriesitys: Building the Education Revolution: The Employment Effects of Fiscal Stimulus in Australia

Helsingin ylipiston ylioppilaskunnan ansiomerkki leveällä sinisellä nauhalla.

Ollikainen, M. (Recipient), 23 Nov 2019

Prize : Prizes and awards

Jaakko Honko -mitali

Vartiainen, H. (Recipient), 2021

Outstanding scientific article in 2017-2018 in Environmental and Resource Economics

Ollikainen, M. (Recipient), 27 Jun 2019

Primustohtori

Vartiainen, H. (Recipient), 2000

Press/Media

Haastattelu taloustilanteesta.

Tervala, J.

1 Media contribution

Press/Media : Press / Media

Kirjoitus vientivetoisesta palkkamallista

Haastattelu rahapolitiikasta, haastattelu finanssipolitiikasta verkkouutisissa, haastattelu ekp:n rahapolitiikasta.

Key fields of economic research at the University of Helsinki include time series econometrics, game theory and applied microeconomic theory as well as macroeconomics. In addition, individual economics researchers investigate topics ranging from index theory and ethics to the theory of entrepreneurship and negotiations.

Empirical research into the dynamics of macroeconomics and the financial market is based on various time series data, such as macroeconomic time series data from national accounts, earnings per share and interest rates. Research in time series econometrics involves both the development of statistical methods and their application to empirical economics research. The discipline’s research has recently focused on structural vector autoregressive models and non-causal and non-invertible time series processes, which can be applied particularly to economic models that include future expectations. The models have been successfully applied, for example, to modelling and forecasting inflation as well as to studying the predictability of earnings per share. 

Game theory is an area of mathematics developed in collaboration with economists that studies strategic dependencies between different decision-makers. The discipline has successfully applied game theory to the following topics: partner selection as an economic phenomenon, activities in a “thin” market where decision-makers can predict each other’s reactions, and the impact of reputation building on economic policy.

Macroeconomics studies the economy as a whole along with such macroeconomic phenomena as economic growth, production, unemployment, inflation, monetary and fiscal policy, exchange rates, the current account balance and economic crises. The discipline conducts macroeconomic research in economic growth as well as economic fluctuations and policies.

Research on economic growth factors and cycles addresses the basics of macroeconomics. The discipline has particularly explored the impact of international trade, globalisation (e.g., economic unions), environmental factors and economic institutions (e.g., the structure of the labour market) on economic growth.  Population economics has studied, for example, the impact of air pollution on mortality and economic growth.

Macroeconomic phenomena and the effects of economic policies are investigated with theoretical and estimated dynamic, stochastic models of general equilibrium. Key research topics include economic fluctuations as well as monetary and financial policy. Recent research has focused on the macroeconomic impacts of the financial system and banks.

In Finland and in other countries with a large public sector, public expenditure amounts to approximately 50 per cent of GDP. It is therefore essential to understand how public services, transfers, and taxes should be organized and how public policy influences the behaviour of people and enterprises. The research in the unit is predominantly empirical: it is based on large, administrative data sets (which often cover the entire population) and aims to uncover causal relationships between policy interventions and economic behaviour.

  • Led by Professor Markku Lanne, the Financial and Macroeconometrics research group focuses on the development of time series econometric methods useful for economic research as well as their application to empirical research on the financial market and macroeconomics.
  • Helsinki GSE has also multiple ongoing projects. Visit the  Helsinki GSE website for detailed information.

The University of Helsinki economics unit is known as the leading provider of education for economists in Finland. It offers a wide range of opportunities for study in a demanding, rapidly internationalising environment. The high-quality education is based on top-level research. In the research assessment exercise of University of Helsinki departments in 2012, two of the discipline’s research groups (Economic Analysis and Theory, and Time Series Econometrics) were the only groups in the Faculty to be awarded for high-quality research.

Students can begin their studies in economics in the Bachelor’s Programme in Economics (in Finnish) or the Study Track of Econometrics in the Bachelor’s Programme in Mathematical Sciences (in Finnish). They can then continue to the Master’s Programme in Economics, to which students can also apply from other Bachelor’s programmes, provided that their Bachelor’s degree includes sufficient studies in economics and methodological sciences.

The Master’s Programme in Economics offers two study tracks: the general track provides excellent knowledge and skills for a career as an economist, while the research track prepares students particularly for postgraduate studies in economics as well as for especially demanding economist positions.

Teaching in the Master’s and doctoral programmes in economics is partly provided in cooperation with the economics departments of Aalto University and the Hanken School of Economics, which enables the most extensive provision of education in Finland as well as a wide range of specialist fields in economics. However, the content of the economist education at the University of Helsinki is more mathematical and quantitative than at other Finnish universities, and the University offers diverse opportunities to study the different methods of economics. Consequently, an economics degree from the University of Helsinki is highly valued in the job market, and a considerable number of graduates enter employment as economists in positions that require good analytical skills.

The most important employers in recent years have included the Bank of Finland, various research institutes, Statistics Finland, other public sector organisations as well as banks. Typical work duties include the drafting of economic reports for decision-making as well as the analysis of economic data. Those interested in such duties should complete the requisite studies in statistics and econometrics. The degree also provides excellent knowledge and skills for other specialist work in public administration and the private sector.

  • Discipline coordinator:  Professor Niku Määttänen
  • Director of Bachelor's Programme in Economics:  Professor Niku Määttänen
  • Dir­ector of Master's Programme in Economics: Senior University Lecturer Marja-Liisa Halko

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PO 17 (Arkadiankatu 7) 00014 University of Helsinki

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COMMENTS

  1. Doctoral Programme in Economics | University of Helsinki

    The Doctoral Programme in Economics (DPE) is organized according to the best international practices. It promotes doctoral education in economics by systematically providing courses and seminars based on a programme launched already in 1990.

  2. PhD Program in Economics - Helsinki GSE

    The PhD program offers motivated students an excellent avenue to pursue their goal of acquiring a solid training in economics at the highest level. While PhD programs in economics are officially managed and run by the Helsinki GSE partnering universities - Aalto University, Hanken School of Economics and the University of Helsinki - doctoral ...

  3. Admissions to doctoral studies | University of Helsinki

    Planning to apply for a doctoral study right at the Doctoral Programme in Economics? Good choice! We admit new doctoral students three times a year (two general rounds and one for graduates of Helsinki University), so pay attention to the application deadlines, start preparations in good time, and make sure you've acquainted yourself with the ...

  4. Helsinki GSE

    Helsinki GSE offers a wide range of open access e-learning materials to start the journey of learning economics. On the 13th of September, Kwabena Adu-Ababio, will defend his doctoral dissertation “Essays on Social Assistance and Tax Administration in Selected Developing Economies”.

  5. Doctoral Programme in Economics - University of Helsinki

    It promotes doctoral education in economics by systematically providing courses and seminars based on a programme launched already in 1990. In their first year, students take mandatory core courses in microeconomics, macroeconomics, and econometrics.

  6. Economics | Faculty of Social Sciences - University of Helsinki

    Key fields of economic research at the University of Helsinki include time series econometrics, game theory and applied microeconomic theory as well as macroeconomics. In addition, individual economics researchers investigate topics ranging from index theory and ethics to the theory of entrepreneurship and negotiations.

  7. Doctoral Programme in Economics - opintopolku.fi

    It promotes doctoral education in economics by systematically providing courses and seminars based on a programme launched already in 1990. Graduates from the doctoral programme have profound field-specific competence. They are skilled at critical thinking, argumentation and problem-solving.

  8. Programs - Helsinki GSE

    Helsinki GSE offers excellent opportunities for graduate education in economics through Master’s and PhD programs, organized by its partnering universities: Aalto University, Hanken School of Economics and University of Helsinki.

  9. PhD studies - Hanken

    More information on the PhD programme in Economics can be found on the Helsinki GSE website. Doctoral studies in economics are organised jointly with Aalto University and University of Helsinki within Helsinki Graduate School of Economics.

  10. Get a PhD in Business and Economics - Hanken

    PhD at Hanken School of Economics. A 4-year PhD programme leading to a degree that will prepare you for a career at top universities, research institutions and companies; An international, world-class research; Experienced supervisors and the cutting edge of their research; Individually tailored guidance and studies; Flexible and supportive service