International Bachelor Econometrics and Operations Research
Erasmus School of Economics - Erasmus University Rotterdam
EUR 2,314 / per year **
01 May 2024*
Earliest start date
* EEA students: 1 May, non-EEA students: 1 April
** statutory fee: dutch / EEA students; institutional fee: dutch / EEA students: € 7.100; non-EEA students: € 9.900
Do you have a keen interest in the origins and evolution of economic issues? Are you looking to apply mathematical and statistical techniques to help answer real-life economic questions? Would you like to be able to develop and use your own models to define and explain reality systematically? Are you self-motivated and eager to study with international students?
If so, the International Bachelor of Econometrics and Operations Research, with mathematics, statistics, and economics at its core, is the program for you. It enables you to take on complex issues like:
- How will interest rates and stock prices evolve over the coming years?
- How can waiting times in health care be reduced?
- How can we enhance the effectiveness of online advertising by using Big Data?
- How can public transport planning be improved?
Why study International Bachelor Econometrics and Operations Research in Rotterdam?
Rotterdam is a vibrant, multicultural city that is at the forefront of exciting developments in industry, logistics, science, culture, and architecture. It is also the place where modern Econometrics was born at the acclaimed Econometric Institute, cofounded in 1956 by Nobel laureate Jan Tinbergen. With this solid background, the world within reach, and every opportunity to kick off a great career, where else would you want to study but Erasmus School of Economics?
Here you will find:
- A unique combination of theory and practice
- Intensive individual academic support
- Plenty of challenges for excellent students
- An international classroom and cosmopolitan atmosphere
- A vast international business and academic network
Embark on your academic journey with the International Bachelor in Econometrics and Operations Research, completing a well-rounded curriculum spanning 180 ECTS credits.
The International Bachelor of Econometrics and Operations Research program focuses on the application of mathematical and statistical techniques to answer economic questions. The academic year is divided into five eight-week blocks, in which you follow two or three courses. Your study load is measured in credits of 28 study hours each. Each academic year consists of 60 credits.
Year one: A diverse kick-off in every way
Your first-year courses contain topics in mathematics, statistics, and economics. You will also receive training in computer programming to learn how to build models and implement mathematical techniques. Your first experience with operational research will consist of analyzing and solving optimization problems by applying these mathematical models.
We work with tutorial groups of about thirty students, which allows for individual attention and intensive guidance. During many of the practical assignments, you will work in groups of around four students.
Year two and three: A topical and practice-oriented approach
During your second year, you will focus on more advanced courses in different areas like mathematics, statistics, econometrics, and business economics. You will divide your time equally between theory and practice, in small groups during lectures and assignments.
The third year offers many choices. First, you get to take a minor (elective courses within or outside the field of Economics, such as Law or Psychology), study abroad at a partner university, or take an internship. In the second half of the year, you will choose a specialization in one of the following four majors:
- Analytics and Operations Research in Logistics
- Business Analytics and Quantitative Marketing
- Quantitative Finance
Your major involves two specialization courses and a seminar. You will complete your program with a bachelor's thesis.
- Take-Off Bachelor
- Introduction to Analysis
- Introduction to Statistics
- Guidance (econometrics)
- Matrix Algebra (econometrics)
- Microeconomics (econometrics)
- Macroeconomics (econometrics)
- Probability Theory
- Introduction to Programming
- Vector Calculus (econometrics)
- Linear Programming
- Mathematical Methods
- Combinatorial Optimisation
- Introduction to Multivariate Statistics
- Nonlinear Optimisation
- Markov Processes
- Mathematical Economics
- Econometrics 1
- Finance (econometrics)
- Econometrics 2
- Marketing (econometrics)
- Academic Skills (econometrics)
- Introductory Seminar Case Studies Econometrics and Operations Research
- Time Series Analysis
- Career Skills
- Ethics in Econometrics
- Bachelor's Thesis Econometrics and Operations Research
Is this the right programme for you?
Does examining the mathematical aspects of economic problems appeal to you? Are original thoughts your forte? Does the challenge of using your own models to systematically define reality sound interesting to you? Are you ambitious, driven and looking to broaden your horizons by working with students from all over the world? Then this is the programme for you.
The following traits will stand you in good stead to be successful in this programme:
- You like solving mathematical puzzles and riddles
- Economic and business issues fascinate you
- Studying in English poses no serious problem for you
- You are interested in working with computers, algorithms and artificial intelligence
- You are as persistent as you are ambitious
After your study investment banks, insurance companies, and asset management companies gladly welcome you. If marketing is your field, there are plenty of marketing research and consultancy firms or multinationals like Unilever or Procter & Gamble to start your career. Central Banks (the ECB in Frankfurt, the German Bundesbank, the Dutch Central Bank, and the US Federal Reserve) but also international consultants (PwC, EY, BCG) are keen on econometricians.
Are you a logistics and operations research specialist? Just think about the airlines, transport authorities, or oil companies. In addition, government agencies like the treasury department, or international organizations like the OECD or IMF always need econometricians.
You may be involved in developing a model that allows an asset manager to exploit market anomalies, conduct a what-if-analysis regarding the effects of new government policies, or develop algorithms for airlines and transportation companies to manage their timetables.