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  • Locations: Bodo, Norway; Svolvaer, Norway
  • Program Terms: Spring Semester
  • Restrictions: Babson applicants only
  • This program is currently not accepting applications.
Dates / Deadlines:

There are currently no active application cycles for this program.
Fact Sheet:
Fact Sheet:
Class Status: Undergraduate Program Type: Elective Abroad
Program Advisor: Elise Beaudin
Program Description:

ENV3600 Arctic Economics: Climate and Policy

Bodo Norway

Michael Goldstein
Donald P. Babson Professor of Applied Investments
Faculty Director, Master of Science in Finance Program
Finance Division

Spring Semester 2020


Important Dates

Information Session

Information Session Dates

Tuesday, September 17, 2019
4:30 - 5:30 PM
Olin 120


Application Deadlines

Application Opens

Monday, September 16, 2019, 9:00 AM ET

Application Deadline

Sunday, September 29, 2019, 11:59 PM ET


Wednesday, September 18 - Thursday, October 3, 2019


Friday, October 4, 2019

Student Commitments Due Sunday, October 13, 2019, 11:59 PM ET

Mandatory Course Dates

No partial participation is allowed.
Admitted students must participate in ALL program activities.



Pre-Travel Academic Session #1 
Monday, December 2, 2019
4:00 - 6:00 PM
Location: Tomasso 308

Pre-Departure Orientation Class #2
Tuesday, December 3, 2019
5:00 - 6:00 PM
Location: Tomasso 308


Course Travel: Thursday, January 2 - Saturday, January 18, 2020
Class Dates: Friday, January 3 - Friday, January 17, 2020 (evening)


Sessions Dates TBD

Academic Overview

Course Description

This course focuses on the intersection between Arctic climate, Policy, and economics. The first part of the course will be taught as a team-taught course with faculty and students from Babson College, Brown University, and Nord University in Bodo, Norway. The first part of this course will last two and a half weeks and will be taught above the Arctic Circle in Bodo, Norway at Nord University and will require travel to above the Arctic Circle in Norway in January. While in Bodo, classes will be all day and will include travel to both an economic operation (possibly Bodo Oil Terminal) and an ocean ship travel to Svolvaer on the Lofoten Peninsula where we will stay overnight on the boat (above the Arctic Circle in the middle of January).The course will have extensive readings, and will cover issues related to Arctic climate, Arctic policy, and the effects of these on the economics of the Arctic, particularly as it relates to shipping.
This integrated, multi-disciplinary course will be taught by natural sciences, social scientists, and economists and will cover a diverse and Arctic climate and environment; the peoples of the Arctic; the economics of marine services and transport; Arctic shipping trends, risks and management; Arctic ecosystems; Arctic natural resources and geopolitics and self-determination; environmental management, including metrics and assessment; Arctic rescue and preparedness management; and the International Panel on Climate Change (IPCC) 6th Assessment Report.Students will be expect to put this all together working in teams of three (one from Babson, one from Brown, one from Nord) in a group project that is due while in Bodo. Additional meetings and work will be required throughout the spring semester.

Course Information

Course Type

Advanced Elective


4 credits


Sophomore, Junior, or Senior.

Student must be, and remain, in good academic standing with the college for duration of the course.

Student must be in good standing with the Office of Community Standards by time of travel.


All SME courses; NST1

Course Documents

 |  Course Syllabus |  Information Session Materials

Academic Accommodations

Students requesting accommodations due to a disability should visit the students with disabilities abroad page for more information.

Course Logistics


Bodo & Svolvaer, Norway


  • Students will be staying in single dorm apartments at Nord University while in Bodo & in double apartment hotel rooms in Svolvaer.
  • Students are housed in double rooms based on the same gender/gender identity.
  • Students interested in requesting housing accommodations on an Elective Abroad, should visit the students with disabilities abroad page for more information.


International Flight (Not Included in Program Fee)

Students will be responsible for booking their own international flight to/from Bodo, Norway. Students are responsible for booking their own flight AFTER the course has been confirmed to run (i.e. participant minimum number is reached). The international flight cost is not included in the program fee. 

  • Arrival Airport Code: BOO
  • Departure Airport Code: BOO

Local Transportation

The program fee includes the following transportation: charter bus (including from Bodo airport to Nord University); Hurtigruten; speed ferry.


Students should also expect to pay for additional individual transportation around the city. There will be a significant amount of walking in the cold as well as dark. There will be an overnight boat trip to the peninsula.


  • The following meals are also included in the program fee: welcome dinner.
  • Students are responsible for paying for all meals on their own.
  • Students with food allergies, intolerances, or other dietary restrictions are encouraged to contact their Program Manager prior to committing to the course to discuss any questions or concerns.
Electives Abroad Cost Elements

Estimated Total Cost:  $3,600 + Tuition (4 credits)

Program Fee: $1,200

  • Included: Accommodations, ground transportation, planned program meals and cultural excursions.
  • Not included: Tuition, international flight, visa costs, meals, and personal expenses. 
  • Payment: The program fee is paid to the Glavin Office.
  • Cancellation Policy: All students who confirm their placement and later withdraw from the course are subject to the Elective Abroad cancellation policy. Please review this policy to understand any additional financial obligations.

Babson Tuition: 4-Credits

  • Tuition is paid directly to SFS and is included in the fall/spring semester flat rate tuition charge (up to 20 credits).
  • To discuss tuition or your financial situation or to learn about grant opportunities, visit Student Financial Services.

Travel & Meals: $2,400

  • Airfare (Boston-Bodo): $800 (Kayak search average as of 9/14/2019 - all flight out of Boston have min of 2 stops)
  • Estimated Additional Meals: $1,000
  • Estimated Incidentals: $260
    • Incidentals and meals are based on the US Department of State estimated corporate per diems as of 9/4/2019.
    • Expenses may be higher or lower depending on student's meal preferences.
  • Visa (if applicable)
    • All students are asked to research the visa requirements for their nationality to travel to Norway (including countries transited through) before committing to the course.
    • Students are responsible for securing visas (as needed) before travel.

Grants & Scholarships

Contact Information

Lead Faculty


Professor Michael Goldstein

Dr. Goldstein is the Faculty Director of the Master of Science in Finance Program at Babson College. He holds the Donald P. Babson Chair in Applied Investments and is a Professor of Finance at Babson College. He has taught in the undergraduate, MBA, and Executive Education programs. He has also taught at Boston College and at the University of Colorado at Boulder, where he received the Proctor & Gamble Teaching Excellence Award. He was an Honorary Professor at Queen’s University – Belfast (UK), a Visiting Professor at Trinity College – Dublin (Ireland) and at The University of Sydney (Australia). He is a Visiting Professorial Fellow at the Climate Change Research Center in the Faculty of Science at the University of New South Wales (UNSW), Australia.

Dr. Goldstein is Chair of the Economic Advisory Committee for the Financial Industry Regulatory Authority (FINRA), and has served as a panelist on three SEC roundtables. He also served as Chair of the NASDAQ Economic Advisory Board for 2005. From August 1997 to July 1998, Dr. Goldstein was the Visiting Economist at the New York Stock Exchange, the eighth academic to hold this one-year post. Prior to this position, he advised the Deputy Prime Minister of Poland on Poland's privatization program. He also worked as an Investment Banker with Merrill Lynch Capital Markets in their Financial Institutions and Japan Banking groups. He also consults and advises major security firms and Fortune 100 companies.

Dr. Goldstein's research specialty is examining the structure of markets. He also works in climate change, and has received two National Science Foundation (NSF) grants related to the Arctic Economy. He also does work on dividends, real estate, asset pricing, and privatization and has presented at numerous conferences worldwide. He is currently an Associate Editor for The Financial Review and Finance Research Letters, and was previously an Associate Editor for Financial Management. His papers have been published in major finance academic journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Financial and Quantitative Analysis, and The Journal of Financial Markets, and in science/climate journals, including Climatic Change, Scientific Reports (a Nature journal), and Water Resources Research (a journal of the American Geophysical Union). Dr. Goldstein has been interviewed by many national and international media groups, including print, television and radio.

Other areas of expertise include: Climate Change, Dividends, Real Estate Investment, Stock Market, Market Structure and Trading Costs.


Program Manager


Elise Beaudin 

Elise Beaudin MBA’10 provides operational and budgetary oversight for the office as the associate director of the Glavin Office of International Education. As the director of Short-Term Programs, Beaudin leads the team in development and administration of the undergraduate and graduate electives abroad & away and international consulting projects. She is the program manager for the International Consulting Experience in Portugal. Beaudin is also a First-Year Seminar instructor, the Babson Fulbright Program Advisor, and serves as a member of the Advisory Committee on Education Abroad.







Student Quotes

This program is currently not accepting applications.