What is Industrial Economics?
In industrial economics, engineers use technical and business knowledge to improve companies' production and profitability. They analyze data and develop strategies to make businesses more efficient.
Working as an Industrial Economist
Industrial economics is about combining technology and economics to understand how companies work and how they can become better at creating value. It's like looking at how to use both technical knowledge and financial mindsets to make businesses stronger and more successful.
Industrial Engineering and Management graduates work to improve the way businesses operate by combining technology and economics.If a company manufactures automobiles, an Industrial Engineering and Management graduate can explore how to reduce the cost of materials and time it takes to build a car. while improving quality. This may involve suggesting new machines or changes to the work process.
It is also about understanding how regulations and laws affect businesses and how they can adapt to be more efficient and competitive.
Study Industrial Economics
Understanding how technology is evolving and how it can be used to create successful business is crucial for innovation. An education in industrial economics is a powerful tool for navigating this process.
The Industrial Engineering and Management programme is a five-year Master of Science in Engineering programme, which concludes with a degree project. There are many international opportunities during the studies and the education takes place in close connection with the business world.
You can study industrial economics at several of Sweden's universities and colleges. Among other things:
Chalmers University of Technology
KTH Royal Institute of Technology
Linköping University
Lund University
Umeå University
Uppsala University