MSc in Economics and Business - Specialisation in Industrial Dynamics and Strategy

Erasmus School of Economics - Erasmus University Rotterdam

Program Description

MSc in Economics and Business - Specialisation in Industrial Dynamics and Strategy

Erasmus School of Economics - Erasmus University Rotterdam

MSc in Economics and Business - Specialisation in Industrial Dynamics and Strategy

Learn to effectively make strategic decisions in an ever-changing economy

Are you fascinated by the dynamics of modern economies where entire new industries are being created and existing ones constantly require renewal or are made obsolete? Do you want to understand the role of such industry dynamics of companies such as Google, Tesla and Uber? Do you want to research and stimulate these dynamic processes and contribute to policy formulation? Do you want to be part of business start-ups or help companies anticipate, thrive, and innovate? The Industrial Dynamics and Strategy programme provides you with a powerful set of skills, tools and models to make smart strategic decisions and become a true change maker.

Through practical application and rigorous study of theories you will develop solid analytical and research skills and address questions like:

  • Why should firms invest in innovation?
  • Why do competing firms co-locate in clusters?
  • Why do airlines use differential pricing?
  • Why do firms locate in conflict countries?
  • What determines the market entry of new firms?
  • What is the role of networks in different stages of industry evolution?
  • How does the industry’s knowledge base change during the evolution of an industry?
  • How do customers provide incentives for innovation?

In addition, the programme enables you to quantitatively and empirically analyse real-life problems in the field and interpret and present findings in a clear and concise way.

Erasmus School of Economics because...

This programme is predominantly built on the idea that entrepreneurship and innovation are what make people, firms and industries successful. Here, you will focus on phenomena that pose constant challenges and opportunities, phenomena like new technologies, shifting consumer preferences, economic crises and innovation. In short: a unique programme in the heart of society.


The Industrial Dynamics and Strategy specialisation gives you the academic and practical preparation to work in a variety of sectors and positions. Do you pursue a career at a consulting company, an international company or a smaller, specialised firm? Or do you want to build your own company? In any case, you will be well equipped for any task at hand. Careers include:

  • Consultant
  • Business analyst
  • Government official
  • Self-employed/business owner
  • (Applied) Researcher
  • Policymaker

"Here is where you acquire the knowledge, skills and tools that optimise entrepreneurial and strategic decisions"


Our programme is motivated by the insight that industries and economies are constantly changing: Innovation and entrepreneurship are at the heart of competitive advantage and economic growth in this modern world. The programme teaches students the analytical tools that are necessary for making the right decisions in this highly dynamic environment. This includes a good knowledge of relevant economic theories as well as skills for carrying out independent empirical research.

The Master’s specialisation consists of core courses, electives, seminars, and a Master's thesis distributed over five blocks of eight weeks. The core courses represent the fundamental paradigms of the Master’s specialisation. They help students to get acquainted with a wide range of topics that are essential for Industrial Dynamics and Strategy and provide a solid background for attending the seminars.

The electives represent a choice of supplementary but fascinating academic views from the world of entrepreneurship and strategy. Students can choose with an emphasis on entrepreneurship and small business or strategy and big firms. The seminars are essential components of the Master’s programme. For these intensified courses, active participation and commitment are mandatory. In the seminars, students work on a different assignment such as conducting research projects and preparing policy advisory reports. They apply the theories and methods that they learned in the courses to real-world problems and data, they write and present several papers, they ask questions, share ideas and critically evaluate each others’ work in class discussions. The last block is devoted to the Master’s thesis. The thesis is written individually under close supervision by one of our academic staff members.


  • Seminar Entrepreneurial Entry and Exit
  • Seminar Multinationals and Business Networks
  • Seminar Dynamics of Entrepreneurship
  • Seminar Strategic Firm Behaviour
  • Economics of Strategy
  • Economics of Entrepreneurship
  • Economics of Innovation
  • Economics of Governance
  • Economics of Corporate Entrepreneurship
  • Sports Economics
  • Quantitative Methods of Applied Economics


Eunice Li

'The programme opens a whole new door. This programme provides exclusive exposures and interesting training in entrepreneurship'

The learning experience was fun and engaging

After interning at a startup and a board year at Enactus, I chose this one-year master programme to learn more about startups. While most of the students in the programme were Dutch, 1/3 came from all around the world.

Since I studied at University College Utrecht, I enjoy small group lectures where I am free to ask questions and have discussions. The learning experience was fun and engaging. Even though I will not be using the formulas and theories that I learnt from my courses, I feel that the learning process showed me a new way of thinking. Besides, I also made a group of good friends that will always be my friends wherever we live.

Great career advice

What I like the most about this master is the feasible work-load and advice from my professors. I was able to do a part-time internship in addition to courses and thesis writing. My professors offered me great career advice and helped me to publish my thesis. I am currently working at a startup in Hong Kong and I am planning to do a PhD in the future.

Berend Raadschilders

'It helps you develop a toolkit of skills which combined with practical/theoretical insights will help you accelerate in any position or industry'

Combine my entrepreneurial mindset with my interest in strategy and organisation

After graduating from the International Bachelor Economics and Business Economic programme I was looking for a masters' programme where I could combine my entrepreneurial mindset with my interest in strategy and organisation. One where academic and research skills are equally as important as bridging the gap to real-world problems. It sounds like the perfect programme but this specialisation gives you that exactly.

The curriculum

Both core and elective courses focus on topics such as strategic firm behaviour and innovation strategy but this programme is about more than theory! Whether for work or your thesis, the ability to analyze is as important as keeping track of theoretical/practical aspects and knowing how to interpret facts is as important as understanding ideas and concepts. All professors of this specialisation will help you develop both hard and soft skills and you will learn how to apply theory to translate insights into a tailored approach to solve the case at hand.

This set of unique set skills you develop was the real game changer for me. I realized these would make the difference, not only when applying for my first job, but also for the first years of my career.

Anthi Kostopoulou

'The specialisation is a challenging programme that prepares students who wish to become true change makers'

A variety of available courses

About a year ago, I was looking for an appropriate masters' programme that would fit my personality and simultaneously, offer me a great international experience. Eventually, I chose this specialisation of the MSc Economics and Business, mainly because of the variety of the available courses.

Managed to get the most out of my studies

First of all, the programme enriches students with important skills that enable a critical and strategic way of thinking. In general, it is a challenging programme that offers a combination of both theoretical and practical knowledge, also enhancing the students’ business acumen.

Another important thing to mention is the fact that the professors are always approachable and willing to offer opportunities to their students. For instance, I was given the opportunity to participate in a research project. As a result, I was able to familiarize myself with the area and also, enrich my working experience.

Finally, the good reputation of the programme helped me find an internship during the last few months of my programme.

Overall, I can definitely say that the aforementioned masters' programme offered me several opportunities and that I managed to get the most out of my studies, both in terms of academic development and working experience.

Stijn Steenbakkers

'The specialisation really gave me a broad view and backgrounds'

It gives a broad and firm background

Due to the fact that my interests were and are very broad my most important reason to choose for this specialisation was the broad and firm background it gives.

After graduating in 2009 I travelled around the world, did another master programme in Belgium and then started working in Dutch Parliament at the CDA Tweede Kamerfractie as an advisor on all economic affairs. In this role, you advise members of parliament, write speeches and talk with a lot of experts on how the Netherlands can optimise its economic environment and create more innovative entrepreneurial activities.

The theoretical background and practical examples of the course Economics of Innovation really helped me in this job in guiding and answering important questions as for how to create an environment where entrepreneurs have the greatest chance to innovate and succeed?

Courses that are helping me every day

After a few years in 2013, I made a career switch and started working for Rabobank as a Corporate Management Trainee.

At this moment I'm working as a Credit Analyst at Rabobank Corporate Clients. These are all big non-listed companies. In general, we have two type of customers: regular corporate banking customers (big companies who have a regular financing question, for example, the building of a new warehouse) and acquisition finance customers (this is event financing, mergers & acquisition, management buyouts etc.). Together with the senior relationship banker, you are the key contact from the bank (deal team) to the CEO and CFO of the specific company. Conversation is partly on the financing structure but also very much on the organizational design of the company, its strategy, its management information system and the market on which the specific company operates.

In this role courses as Strategy Economics and Organisational Economics are helping/guiding me every day.

Running for the National Parliament

Next to my job at Rabobank I'm a member of the Regional Parliament on behalf of the CDA where I'm the spokesman on Financial and Economic Affairs. Due to the fact that the region Noord-Brabant has a lot of participation and subsidiaries I have a lot of debates on corporate governance. Even on this specific subjects my master at Erasmus School of Economics gives me some guidance due to the course Economics on Governance.

At this moment I'm running for the National Parliament elections in 2016 on behalf of the CDA in place 24. I for sure believe that if I would get elected on 15-03-2017 my master will also give me some guidance on this job.

Cost & Fees

  • € 2.060 EEA/EU students*
  • € 14.700 NON-EEA/EU students**

*This is the statutory tuition fee for Dutch students, students from another country within the European Economic Area (EEA), the European Union (EU), Switzerland and Suriname who meet the statutory conditions.

**This is the institutional tuition fee for students for whom the statutory tuition fee does not apply. You have to pay the institutional fee if you:

  • don’t have an EU-, EEA, Swiss or Surinamese nationality
  • have finished a Dutch programme and want to follow another programme on the same level
This school offers programs in:
  • English

Last updated August 31, 2018
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2019
1 year
Full time
2,060 EUR
EEA/EU students; €14.700 NON-EEA/EU students.
Request Info
1 August for ESE students
Netherlands - Rotterdam, South Holland
Start date : Sept. 2019
Application deadline Request Info
1 August for ESE students
End date Request Info
Sept. 2019
Netherlands - Rotterdam, South Holland
Application deadline Request Info
1 August for ESE students
End date Request Info