Stockholm School of Economics
Encyclopedia
Northern Europe
Northern Europe is the northern part or region of Europe. Northern Europe typically refers to the seven countries in the northern part of the European subcontinent which includes Denmark, Estonia, Latvia, Lithuania, Norway, Finland and Sweden...
and no. 13 in Europe by the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
. SSE was founded by members of the Swedish business community in 1909 as a response to rapid industrialization and a growing need for well educated businessmen and company managers and has maintained close ties with the business community ever since. SSE is a private business school that receives 85% of its financing from private sources.
The School is fully accredited by EQUIS (European Quality Improvement System) certifying that all of its main activities – teaching as well as research – are of the highest international standard. SSE is also the Swedish member institution of CEMS (The Global Alliance in Management Education), together with universities such as LSE, Tsinghua University and HEC.
SSE offers both bachelors and masters degree programs, MBA and PhD programs as well as providing extensive executive education customized and open programs.
SSE's degree programs include:
- Bachelors program in Business & Economics
- Bachelors program in Retail Management
- two Masters programs, one in Business and Economics (with sub-specialties in Accounting & Financial Management, Economics, Finance, Management and Marketing & Media management) as well as a Masters program in General Management
- PhD program with three specializations (Business Administration, Economics, Finance)
- MBA program (offered in executive format)
SSE has founded sister organizations in the Baltic states
Baltic states
The term Baltic states refers to the Baltic territories which gained independence from the Russian Empire in the wake of World War I: primarily the contiguous trio of Estonia, Latvia, Lithuania ; Finland also fell within the scope of the term after initially gaining independence in the 1920s.The...
: the SSE Riga
Stockholm School of Economics in Riga
The Stockholm School of Economics in Riga, is a business school in Riga, Latvia. It was founded in 1993 as a subsidiary of the Stockholm School of Economics with a mission to provide a state-of-the-art education in business and economics that contributes to the economic and social development of...
in Riga
Riga
Riga is the capital and largest city of Latvia. With 702,891 inhabitants Riga is the largest city of the Baltic states, one of the largest cities in Northern Europe and home to more than one third of Latvia's population. The city is an important seaport and a major industrial, commercial,...
, Latvia
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
, and the SSE Russia in St Petersburg, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
. It also operates a research institute in Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
; the EIJS (European Institute of Japanese Studies); and a recently founded undergraduate- and research institution; Center for Retailing; geared towards retailing, in Norrtälje
Norrtälje
Norrtälje is a locality and the seat of Norrtälje Municipality, Stockholm County, Sweden with 17,275 inhabitants in 2010.- History :Norrtälje traces its history to 1219, when the location was first mentioned as Tälje. After some time, the name officially became Norrtälje, to separate it from the...
, Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
.
History
The Stockholm School of Economics was founded in 1909 on private initiative, following a substantial donation in 1903 by Knut Agathon WallenbergKnut Agathon Wallenberg
Knut Agathon Wallenberg, , was a Swedish banker and politician, he was also Knight of the Order of the Seraphim. He was son of the banker and politician André Oscar Wallenberg, and his wife Catharina Wilhelmina Andersson. In 1878, he married Alice Nickelsen...
. The name handelshögskola (roughly "college of commerce") was a parallel to the German term Handelshochschule, used by a number of German institutions started in the years before, commencing with Handelshochschule Leipzig in 1898. The term högskola was at this time also established for specialised higher educational institutions outside the universities, such as the Royal Institute of Technology
Royal Institute of Technology
The Royal Institute of Technology is a university in Stockholm, Sweden. KTH was founded in 1827 as Sweden's first polytechnic and is one of Scandinavia's largest institutions of higher education in technology. KTH accounts for one-third of Sweden’s technical research and engineering education...
, (Kungliga) Tekniska högskolan, which bore that name from 1877.
While founded as a business school, the subject of economics featured prominently in the research and curriculum of the school from the beginning.
The most well known scholars of the Stockholm School of Economics are arguably the economists Eli Heckscher
Eli Heckscher
Eli Filip Heckscher was a Swedish political economist and economic historian.-Biography:...
(professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
of economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and statistics
Statistics
Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....
1909–1929, professor of economic history 1929–1945), Gunnar Myrdal
Gunnar Myrdal
Karl Gunnar Myrdal was a Swedish Nobel Laureate economist, sociologist, and politician. In 1974, he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the...
and Bertil Ohlin
Bertil Ohlin
Bertil Gotthard Ohlin was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965. He was also leader of the People's Party, a social-liberal party which at the time was the largest party in opposition to the governing Social...
(professors of economics). Heckscher is also known as the founder of economic history
Economic history
Economic history is the study of economies or economic phenomena in the past. Analysis in economic history is undertaken using a combination of historical methods, statistical methods and by applying economic theory to historical situations and institutions...
as an independent academic discipline and his work Svenskt Arbete och Liv is a fundamental work within this subject.
Ohlin was also a leading figure within the school of doctrine with the same name, the so-called Stockholm school
Stockholm school (economics)
The Stockholm school, or Stockholmsskolan, is a school of economic thought whose antithesis is the gold standard centered Austrian School of Economics. It refers to a loosely organized group of Swedish economists that worked together, in Stockholm, Sweden primarily in the 1930s...
; a group of leading Scandinavia
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
n economists influenced by Knut Wicksell
Knut Wicksell
Johan Gustaf Knut Wicksell was a leading Swedish economist of the Stockholm school. His economic contributions would influence both the Keynesian and Austrian schools of economic thought....
, most of them active in Stockholm, either at the Stockholm School of Economics or the Stockholm University College. This school of doctrine was to have a profound influence on post-WWII Swedish economic policy and the development of the modern Scandinavian Welfare state
Welfare state
A welfare state is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those...
. Heckscher and Ohlin jointly developed the so called Heckscher-Ohlin theory
Heckscher-Ohlin model
The Heckscher–Ohlin model is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo's theory of comparative advantage by predicting patterns of commerce and production based...
, the standard international mathematical model of international trade. Gunnar Myrdal received the Nobel Memorial Prize in Economic Sciences
Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, but officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel , is an award for outstanding contributions to the field of economics, generally regarded as one of the...
in 1974 (shared with his ideological nemesis
Archenemy
An archenemy, archfoe, archvillain or archnemesis is the principal enemy of a character in a work of fiction, often described as the hero's worst enemy .- Etymology :The word archenemy or arch-enemy originated...
, Austrian economist Friedrich Hayek
Friedrich Hayek
Friedrich August Hayek CH , born in Austria-Hungary as Friedrich August von Hayek, was an economist and philosopher best known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought...
); Bertil Ohlin received the Nobel Prize in Economics in 1977 (shared with British economist James Meade
James Meade
James Edward Meade CB, FBA was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "Pathbreaking contribution to the theory of international trade and international capital movements."Meade was born in...
). Other prominent members of the Stockholm school were the Stockholm University
Stockholm University
Stockholm University is a state university in Stockholm, Sweden. It has over 28,000 students at four faculties, making it one of the largest universities in Scandinavia. The institution is also frequently regarded as one of the top 100 universities in the world...
professor Gustav Cassel
Gustav Cassel
Karl Gustav Cassel was a Swedish economist and professor of economics at Stockholm University.Cassel's perspective on economic reality, and especially on the role of interest, was rooted in British neoclassicism and in the nascent Swedish schools...
, who developed standard economic theory of Purchasing power parity
Purchasing power parity
In economics, purchasing power parity is a condition between countries where an amount of money has the same purchasing power in different countries. The prices of the goods between the countries would only reflect the exchange rates...
and economist Dag Hammarskjöld
Dag Hammarskjöld
Dag Hjalmar Agne Carl Hammarskjöld was a Swedish diplomat, economist, and author. An early Secretary-General of the United Nations, he served from April 1953 until his death in a plane crash in September 1961. He is the only person to have been awarded a posthumous Nobel Peace Prize. Hammarskjöld...
, general secretary
General secretary
-International intergovernmental organizations:-International nongovernmental organizations:-Sports governing bodies:...
of the United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
in New York city
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, USA.
SSE Master of Science in Business and Economics
The Master of Science in Business and Economics is a two year program (120 ECTS credits) where you choose between five different specializations; • Accounting & Financial Management • Finance • Economics • Management • Marketing & Media Management. Within their specialization, students write a Master's thesis worth 30 ECTS credits. The program language is English and both Swedish and international students are encouraged to apply.The master's students will deepen their knowledge of the core subject in the specialization during the first year and will also have the possibility to take elective courses during the second year or to apply to the student exchange program or to the prestigious CEMS program
SSE Master of Science in General Management
SSE MSc in General Management is the new business program launched by SSE, targeting students with bachelor’s degrees in subjects other than Business or Economics, i.e. engineering, social science law or medicine. The goal is to provide high-potential students with an exciting opportunity to receive a first-class business education on top of their specialist educations. The program, which will be taught in English welcomes a diversity of both Swedish and international students ~(50/50). It is a two year full-time program (120 ECTS Credits) offering the students both broad knowledge of general management and skills such as negotiations, presentations and communications thus preparing them for their future careers in business. The first class of 40 students begun the new program in August 2009. The interest among students has been very strong and the average number of applicants competing for each seat in the program was as many as 35.SSE Masters of Business Administration (MBA), Executive Format
The SSE MBA is a challenging, small and exclusive program that prepares you to take on new leadership challenges. It stands for real learning, broadened perspectives and professional development with impact. The program is ranked by the Financial Times as 1st in the Nordic and Baltic regions in 2009. Since 2001, the year the Financial Times began its Executive MBA ranking, the SSE Executive MBA has been the first in the Nordic league.At a glance:
- Small and exclusive with a General Management focus.
- Experienced participants (average age is 35-39 with 14-year relevant experience on average).
- Delivered in an executive format, enabling working professionals to combine work and studies on a part-time basis over two full years.
- Sixteen course weeks, adding up to a total of 80 contact days.
- Location: Stockholm, Sweden. One field trip to SSE campus in Riga or Russia and one additional international field trip.
- Conducted in English.
- One start per year in January. Application deadlines June 1, September 15 and November 15 the year before.
- TOEFL/IELTS and GMAT required.
SSE MBA stands for real learning, broadened perspectives and professional development with impact. The MBALive pedagogy brings the real world to the program and the program to the real world.
Alumni
- Ruben RausingRuben RausingRuben Rausing was the founder of the liquid food packaging company Tetra Pak. He was born in Helsingborg, Sweden in 1895. On his death Ruben Rausing was Sweden's richest person.-Early life:...
, founder of the packaging company Tetra PakTetra PakTetra Pak is a multinational food processing and packaging company of Swedish origin. It was founded in 1951 in Lund, Sweden, by Ruben Rausing. It was Erik Wallenberg who invented the tetrahedral package, today known as Tetra Classic...
. - Bertil OhlinBertil OhlinBertil Gotthard Ohlin was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965. He was also leader of the People's Party, a social-liberal party which at the time was the largest party in opposition to the governing Social...
. Professor at the SSE; developed the Heckscher-Ohlin model on international trade and received the Nobel Memorial Prize in Economic SciencesNobel Memorial Prize in Economic SciencesThe Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, but officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel , is an award for outstanding contributions to the field of economics, generally regarded as one of the...
in 1977. - Jan CarlzonJan CarlzonJan Carlzon is a Swedish businessman. He is most noted for being Chief Executive Officer of SAS Group from 1981 - 1994.Jan Carlzon graduated with an MBA from the Stockholm School of Economics in 1967 and immediately started his career in the international hospitality industry at Vingresor. He rose...
, CEO of SAS GroupSAS GroupScandinavian Airlines System Aktiebolag , trading as SAS Group and SAS AB, is a holding company based in Solna, Sweden. It is the parent company of the airlines Scandinavian Airlines, Blue1 and Widerøe, and the aviation services companies SAS Business Opportunities, SAS Cargo Group, SAS Ground...
.
See also
- Student Association at the Stockholm School of EconomicsStudent Association at the Stockholm School of EconomicsThe Student Association at Stockholm School of Economics or Handelshögskolans i Stockholm studentkår organizes all students enrolled at the Stockholm School of Economics . The SSE is a leading European academic institution for education and research in the fields of economics, finance, corporate...
- Stockholm School of Economics Alumni Association
- Stockholm School of Economics in RigaStockholm School of Economics in RigaThe Stockholm School of Economics in Riga, is a business school in Riga, Latvia. It was founded in 1993 as a subsidiary of the Stockholm School of Economics with a mission to provide a state-of-the-art education in business and economics that contributes to the economic and social development of...
- Stockholm School of Economics RussiaStockholm School of Economics RussiaThe Stockholm School of Economics in Russia, SSE Russia or Стокгольмская школа экономики в России is a business school with representation offices in Moscow and St Petersburg...
- Helsinki School of EconomicsHelsinki School of EconomicsThe Aalto University School of Economics , known as Helsinki School of Economics until 2009, is the largest and leading business school in Finland and one of the most renowned in Europe...
- List of business schools in Scandinavia
- Stockholm school (economics)
Jonathan Macey, Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law, Yale Law School, Ph.D. honoris causa, 1996.
External links
- Handelshögskolan i Stockholm Stockholm School of Economics (official site)
- SSE MBA Executive Format in Stockholm English