Econometrics and Operations Research in Groningen teaches you all about econometric modelling. The strength of the programme lies in its combination of four fields: Econometrics, Operations Research, Actuarial Studies and Mathematical Economics. Important features of the programme are small-group teaching, personal contact with lecturers and the combination of theory and empirical applications.
Econometrics is about the statistical methods needed to estimate econometric models. Operations Research focuses on optimal decision-making and finding approximate solutions to very complex problems. Actuarial Studies is about modelling the risks faced by insurance companies and pension funds. Mathematical Economics studies how markets work and how prices are set. The combination of these four fields provides an extensive modelling toolkit for solving a wide range of economic problems. Many course units in our programme provide the opportunity to practice econometric modelling on the basis of real-life data, thus providing optional preparation for your future career as an econometrician.
If you decide to study Econometrics and Operations Research (EOR), you will learn to construct mathematical models to analyze economic data. With these models, you will be able to compute the unemployment rates of a country, the Gross National Product, the stock price of a company or the future exchange rate of the Euro.
The courses in the propaedeutic phase serve as the foundation for the remainder of the programme. You will take courses in Modelling, Statistics, Mathematics, Economics, Finance, Marketing, and English.
After this, you will continue with mandatory courses. Building on the propaedeutic coursework, you will deepen and broaden your knowledge in the four major topics: Mathematical Economics, Econometrics, Operations Research and Actuarial Studies.
After your Bachelor's degree, you meet the requirements for entry-level positions, but almost all students decide to continue with a Master's degree.
Graduates with an MSc degree are found in a broad spectrum of occupations where IT, mathematical and problem-solving skills are needed. The world of business offers jobs in finance, insurance, logistics, manufacturing, and marketing. Non-profit organizations, such as employers' federations and consumer organizations also hire econometricians. Governments need the diverse skills that will make up your toolkit. Finally, an academic research is another possible career path.
Your job prospects will be good. Nonetheless, while a Bachelor’s degree may meet the requirements for entry-level positions, almost all students decide to continue with a Master’s degree. Acquiring a Master’s degree will expand still further your career opportunities in the short and long-term, at home and abroad.
If you have completed your secondary education in an EU/EEA country, or if you are a native English speaker, you will not have to provide proof of English language proficiency.
If you are not exempted, the language requirements are:
- IELTS overall: 6,
- IELTS writing 5.5, IELTS speaking 6,
- TOEFL paper-based 550,
- TOEFL internet based 80,
- CAE/CPE: C, B or A,
- CEFR: B2/C1.
You will need a secondary education with qualifications for entrance to an undergraduate programme at a university. This includes:
- UK - 3 A Levels
- Germany - Abitur
- International Baccalaureate Diploma - 24 points or higher.
If you want to know if your diploma is accepted, please contact us or look on our website.
If Mathematics is not/has not been one of your final-year subjects during your pre-university education (or you took the lowest level, e.g. Maths Studies) then you will need to show proof of your level of Maths proficiency.
- EU/EEA students: May 01, 2019
- Non-EU/EEA students: May 01, 2019
- EU/EEA-students: €2083
- non-EU/EEA students: €8900