We use cookies to personalize your experience and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.
The Economics of Innovation and Growth program at KTH Royal Institute of Technology in Sweden is a cutting-edge master's course designed to equip students with advanced knowledge of how innovation drives economic development. This program blends econ...
Get a personalized shortlist in 30 seconds
2,000+ students already shortlisted universities this week
Duration
24 Months
Degree Level
Masters
Field of Study
Social Sciences
Intl. Fee
280000 SEK per year
Intake
August
Deadline
January 15 for non-EU/EEA applicants; April 15 for EU/EEA applicants
Free guidance • Verified partners • Fast response
The Economics of Innovation and Growth program at KTH Royal Institute of Technology in Sweden is a cutting-edge master's course designed to equip students with advanced knowledge of how innovation drives economic development. This program blends economic theory, quantitative methods, and policy analysis to explore the complex relationship between technological change and growth. Students gain insights into innovation systems, entrepreneurship, and the role of institutions in shaping economic performance. With a strong emphasis on empirical research and practical applications, the curriculum prepares graduates to analyze innovation processes and contribute to sustainable economic growth. The program is ideal for those interested in pursuing careers in academia, policy-making, international organizations, and the private sector. Situated in Sweden, a global leader in innovation, the program offers a unique environment to study economics within one of Europe’s most dynamic innovation ecosystems.
This program is ideal for students passionate about understanding how innovation fuels economic growth and development. Those with a background in economics, business, engineering, or social sciences who seek to deepen their expertise in innovation economics and policy should apply. It suits individuals aiming for research careers, policy advisory roles, or positions in innovation-driven industries. If you aspire to contribute to shaping economic policies or advancing knowledge in technology and growth, this program offers the right academic foundation and practical skills.
Graduates from this program are well-prepared for careers in academia, government agencies, international organizations, and private sector firms focusing on innovation, economic development, and policy analysis. They can work as economic analysts, innovation consultants, policy advisors, or researchers. The program’s strong analytical and empirical training equips them to evaluate innovation systems, design economic policies, and support sustainable growth strategies. Many alumni pursue PhD studies or leadership roles in innovation management and economic strategy worldwide.
Applicants must hold a relevant bachelor's degree in economics, business, engineering, or a related field with strong quantitative skills. A minimum of 90 ECTS credits in economics or equivalent, including courses in microeconomics, macroeconomics, and econometrics, is required. Proof of proficiency in English through recognized tests such as TOEFL or IELTS is mandatory. Additionally, a statement of purpose detailing the applicant’s motivation and academic goals is necessary. Letters of recommendation and a CV highlighting relevant experience enhance the application. The selection process evaluates academic performance, motivation, and potential for success in a rigorous research-oriented program.
Indian applicants must hold a relevant bachelor's degree with strong academic records in economics, business, engineering, or related fields, including courses in microeconomics, macroeconomics, and econometrics. Proof of English proficiency through IELTS or TOEFL is essential. Additionally, Indian students should prepare a compelling statement of purpose and secure recommendation letters to support their application. It is advisable to have some research or practical experience in innovation or economic development to strengthen the profile. Meeting financial requirements and applying well before deadlines helps streamline the admission process.
Applicants must demonstrate proficiency in English through tests such as IELTS (minimum 6.5 overall with no section below 5.5) or TOEFL (minimum 90 overall with at least 20 in each section). Other accepted proofs include Cambridge English qualifications or completion of a degree in an English-taught program. Meeting these requirements ensures students can effectively engage with the intensive academic curriculum delivered in English.
Indian students must plan their application carefully due to the competitive admission process and strict visa requirements. Early preparation of all documents, including academic transcripts, English proficiency certificates, and financial proof, is critical. It is recommended to start the visa application immediately after admission to avoid delays. Understanding the cost of living and budgeting accordingly is essential, as Sweden has relatively high expenses. Networking with current Indian students at KTH and joining student associations can ease cultural adaptation. Finally, exploring scholarship opportunities early can significantly reduce financial burden during studies.
International Tuition Fee
280000 SEK per year
Home/Local Tuition Fee
No tuition fees for Swedish and EU/EEA citizens
* Fees are subject to change. Please verify with our counselors or the university website.
Approximately 2,30,00,000 INR per year (based on exchange rates of 1 SEK = 82 INR). Actual costs may vary with currency fluctuations.
The tuition fee for international students is 280,000 SEK per academic year. Swedish and EU/EEA citizens are exempt from tuition fees. Fees cover access to university resources, courses, and academic support. Students should budget additionally for living expenses, health insurance, and study materials.
KTH offers several scholarship options for international students, including the KTH Scholarship and Sweden’s Institute Study Scholarships. These scholarships are merit-based and cover tuition fees partially or fully. Applicants are encouraged to apply early and demonstrate outstanding academic performance and motivation. Additional funding opportunities may be available through external organizations supporting innovation and economic studies.
International students from outside the EU/EEA need to apply for a residence permit for studies in Sweden. The application requires proof of admission, financial means, and health insurance. Processing times may vary, so early application is recommended. Once granted, the permit allows students to reside and study in Sweden legally. Students can also work part-time during their studies under Swedish regulations.
Non-EU/EEA students must obtain a residence permit for studies in Sweden. The process requires an admission letter, proof of sufficient funds (approximately 8,568 SEK/month), and valid health insurance. Application should be submitted to the Swedish Migration Agency online well ahead of the start date. Once approved, the permit allows students to live and study in Sweden and work part-time up to 20 hours per week during the academic term and full-time during holidays.
Graduates from KTH’s Economics of Innovation and Growth program can benefit from Sweden’s favorable post-study work policies. After completing their degree, international students can apply for a residence permit extension to search for employment or start a business for up to six months. Sweden’s vibrant innovation ecosystem and strong labor market offer opportunities in consulting, research institutions, government, and multinational corporations focused on technology and economic growth. Leveraging KTH’s network can facilitate successful career placement.
"We highly recommend the Economics of Innovation and Growth master’s program at KTH for students who want to delve deep into the dynamics of innovation and its impact on economic development. KTH’s strong academic reputation, combined with Sweden’s leadership in innovation, provides an excellent learning environment. Prospective students should ensure they meet all admission criteria early and actively seek scholarship opportunities to ease financial commitments. Engaging with faculty and peers during the course will enhance practical understanding and career prospects. Overall, this program equips graduates with the analytical and policy skills essential for thriving in innovation-driven economies globally."
Yes, international students can work up to 20 hours per week during the semester and full-time during holidays.
Yes, KTH offers merit-based scholarships that cover tuition fees partially or fully.
IELTS score of 6.5 overall with no section below 5.5 or TOEFL score of 90 overall with at least 20 in each section.
Yes, Indian students must apply for a residence permit for studies in Sweden after admission.
Explore campus life, rankings, and more about KTH Royal Institute of Technology.
KTH Royal Institute of Technology ProfileStart your application process with our verified partner portal today.
Explore other academic opportunities at this institution
Related programmes in other top study destinations
Explore programmes, scholarships, and get expert guidance from our advisors to kickstart your journey.