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AACSB Accredited

When and why should governments interfere in the workings of advanced economies? To what extent does traditional competition policy still suffice in a world where firms increasingly sell their products online? And should the Ministry of Finance expand public spending if the unemployment rate gets high and the economy stagnates? In this program, you will learn to assess different strategies to handle diverse microeconomic and macroeconomic problems.

The objective of the program is to teach you economic theories at a high analytical level. An additional goal is to familiarise you with the application of theory and research methods to economic practice and policy. Such a combination of rigorous academic thinking with practical application is essential for any professional active in the field of economics, either in policy or research. You will learn about the influence of economic factors on society and how economic theory can be applied to interpret and analyze economic problems.

We offer two tracks: " Microeconomics of Markets and Incentives” and “Macroeconomic Theory and Policy ”. Alternatively, you can specialize in Energy Economics, or put an emphasis on health issues in your program. It is also possible to design your own study program. The program is truly international, being taught entirely in English. The best international textbooks are used in the various courses, students study papers published in prominent academic journals in order to keep up with the latest developments. Courses are taught by specialists with an international reputation in their field of research and/or a key role in public debates.

Why study this program in Groningen?

The objective of the program is to teach you economic theories at a high analytical level. An additional goal is to familiarise you with the application of theory and research methods to economic practice and policy. Such a combination of rigorous academic thinking with practical application is essential for any professional active in the field of economics, either in policy or research. Courses are taught by specialists with an international reputation and/or a key role in public debates.

Program

Year 1

Your master starts with the core courses of the program: Empirical Methods, Macroeconomics, and Games and Industrial Organization. After that, you take electives. You finish the program by writing your MSc thesis.

We offer two specialized tracks - Microeconomics of Markets and Incentives or Macroeconomic Theory and Policy –. The first theme provides you with a thorough understanding of the incentives that shape the economic decision-making of individuals, households, and firms. The second theme deepens your knowledge concerning the structure of and changes in the aggregate economy. Alternatively, you can also design your own study program.

Courses

  • Electives (Economics, Econometrics, Finance) (10 EC, optional)
  • Empirical Methods of Economics (5 EC)
  • Games and Industrial Organization (5 EC)
  • Macro | Economics Growth in History (5 EC, optional)
  • Macro | Empirical Macroeconomics (5 EC, optional)
  • Macro | Monetary Policy and Financial Regulation (5 EC, optional)
  • Macro | Public Economics and Social Policy (5 EC, optional)
  • Macroeconomics for MSc Economics (5 EC)
  • Master's thesis Economics (20 EC)
  • Micro & Macro | Public Economics and Social Policy (5 EC, optional)
  • Micro | Competition Policy - Theory and Practice (5 EC, optional)
  • Micro | Economics of Regulating Markets (5 EC, optional)
  • Micro | Microeconomics of Household Behaviour (5 EC, optional)

Curriculum

Students in the Micro track choose 3 out of 4 Micro optional courses, plus 10 EC electives from a broad list of possibilities. Students in the Macro track choose 3 out of 4 Macro optional courses, plus 10 EC electives from a broad list of possibilities.

Study abroad

  • Study abroad is optional

Admission requirements

Dutch diploma

Specific requirements More information
Previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Economics and Business Economics, Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific program requirements, we will consider the level and curriculum of your previous studies.

International diploma

Specific requirements More information
Certified competences

GMAT/GRE

Language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); C1 Advanced, C2 Proficiency (with minimum score 180); the University of Groningen Language Centre Test (Speaking B2, Writing C1).

Previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Economics and Business Economics, Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific program requirements, we will consider the level and curriculum of your previous studies.

Registration procedure

Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the program of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis.

Application deadlines

Type of student Deadline Start course
Dutch students

15 October 2019

01 May 2020

15 October 2020

01 February 2020

01 September 2020

01 February 2021

EU/EEA students

15 October 2019

01 May 2020

15 October 2020

01 February 2020

01 September 2020

01 February 2021

non-EU/EEA students

15 October 2019

01 May 2020

15 October 2020

01 February 2020

01 September 2020

01 February 2021

Tuition fees

Nationality Year Fee Program form
EU/EEA 2019-2020 € 2083 full-time
non-EU/EEA 2019-2020 € 14650 full-time
EU/EEA 2020-2021 € 2143 full-time

Job prospects

As a graduate, you are able to apply advanced economic theory so as to analyze economic issues related to society at large. The program trains you for positions in which you contribute as an economist to decision-making in (inter)national government bodies, public organizations and private corporations such as financial institutions, multinationals, and consultancy firms. You can work as a researcher in business or governmental agencies. You can also use your expertise for journalistic goals.

Because all our programs are EQUIS and AACSB accredited, a standard that only one percent of universities reach worldwide, your degree will be highly valued on the labor market.

FEB Career Services

To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies.

Job examples

  • Scientific or policy-oriented researcher (DNB, CPB, OECD, IMF)
  • Applied researcher (NEI, TNO and research bureaus)
  • Financial analyst (bank, insurance company)
  • Policy-maker: mainly in large organizations
  • Manager: especially in businesses
  • Lecturer
  • Journalist

Research

Linking education to research and career preparation

Our education is strongly rooted in business practice and society. Also right from the start of your degree program attention is paid to academic research and preprofessional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.

The lecturers in the MSc Economics have excellent records. Prof. Heijdra is the author of the textbook “Foundations of modern macroeconomics” and Prof. Elhorst (not pictured) of “Spatial Econometrics: From cross-sectional data to spatial panels”.

  • Prof. Berk is Director of the Department Economics and Research of the Dutch Central Bank and prof. Mulder is affiliated to the Dutch Authority Consumer and Market as a specialist in the regulation of energy markets. He is currently chairman of the Benelux Association for Energy Economics.
  • Prof. Schoonbeek's specialization is game theory; he published in the European Economic Review and Public Choice.
  • Prof. Soetevent is an expert in behavioral economics and has published in e.g. the American Economic Review.
  • Prof. De Jong is a lecturer in Economic History and has recently been awarded a prestigious € 1.5 million VICI grant to be spent on research into the quality of life indicators and economic growth in the first half of the twentieth century.
  • Dr. Heijnen specializes in the environmental economist and industrial organization and has many publications in those areas.
  • Dr. Angelini is a lecturer in Econometric Methods and was elected lecturer of the year 2013 by the students of the Faculty of Economics and Business.
  • Prof. Alessie published in many prestigious journals and is a specialist in consumer and saving behavior. Both are also specialists in Stata.
  • Dr. Kuper is a specialist in macro-econometric modeling and Eviews and well-known as a predictor of the final medal classification of each Olympics.

Research institute related to the MSc program:

  • Economics, Econometrics & Finance

Program taught in:
  • English

See 110 more programs offered by University of Groningen »

Last updated October 18, 2019
This course is Campus based
Start Date
Feb 1, 2020
Sep 1, 2020
Duration
1 year
Full-time
Price
2,143 EUR
EU/EEA students: €2143/year. Non-EU/EEA students: €15000
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