Discover a fascinating scientific discipline
Econometrics & Operations Research is a fascinating scientific discipline which develops quantitative resources and applies them to the analysis of economic problems in their broadest sense. VU University Amsterdam trains students by preparing them for a professional career in which mathematics, statistics, and ICT are applied for the quantitative analysis of many kinds of problems, either from the world of business, finance, economics or of a more general nature.
The Master’s Program in Econometrics and Operations Research offers two specializations: Econometrics and Mathematical Economics and Operations Research and Business Econometrics. However, it is not mandatory to specialize; it is possible to combine courses from either specialization to allow students to pursue their own interests. In that case, no specialization will be mentioned on the degree. The two areas of specialization are:
- Econometrics and Mathematical Economics: this stream focuses on econometric methods and techniques within finance and economics.
- Operations Research and Business Econometrics: this stream is geared towards optimizing operational business processes.
Why VU University Amsterdam?
Each specialization provides you with the opportunity to examine a number of areas within the Econometrics or Operations Research program in greater depth.
The optional component gives you plenty of scopes to acquire a broad perspective on areas relating to your chosen field.
Close links with research
The components that make up the Master’s program correspond closely with the department’s research interests. This means that many of the latest scientific developments in areas such as financial econometrics, logistics, and game theory find their way directly into the curriculum.
Students also benefit from the opportunity to study in small groups and work closely with academic staff.
Holding a Master’s degree in Econometrics and Operations Research will give you excellent prospects for employment. You will be able to choose from career opportunities that are both exciting and varied. Econometricians find employment in the national policy research departments at planning agencies and government ministries, at financial institutions such as banks and insurance companies, and at business consultancy firms. Operations Researchers can be found in a range of industries, including logistics, innovative software development, transport and distribution, manufacturing and consultancy.
Admission requirements and applicationStudents with a Bachelor's degree that provides a thorough knowledge in mathematics and statistics (such as Econometrics, Mathematics, Management Science, Operations Research, Computer Science, Physics, Industrial Engineering, Electrical Engineering, Quantitative Economics) should have passed courses on Linear Algebra, Mathematical Analysis, Probability Theory and Statistics at the level mentioned below. Additionally, you need experience in programming in C/C++, Java, Matlab or a similar computer language.
Mathematics, Probability, and Statistics
The minimum requirement is to have sufficient knowledge of the following topics.
|Probability Theory||S.M. Ross, A First Course in Probability, Prentice-Hall, 2002|
|(Mathematical) Statistics||J.A. Rice, Mathematical Statistics and Data Analysis, second edition, Duxbury Press, 1995|
|Linear Algebra||D.C. Lay, Linear Algebra and Its Applications, Addison-Wesley, 1997|
|(Mathematical) Analysis||J.M. Howie, Real Analysis, Springer, 2001|
|Calculus||C. Edwards and D. Penny, Calculus, Prentice-Hall, sixth edition, 2002|
Last updated January 25, 2018