Master Policy Economics

Erasmus School of Economics - Erasmus University Rotterdam

Program Description

Master Policy Economics

Erasmus School of Economics - Erasmus University Rotterdam

Policy Economics

Solving policy questions with advanced economic analysis and empirical research

Economic policy problems are everywhere. Think of the financial crisis in 2008 and the Eurocrisis that erupted in 2010. Think also of population ageing which causes large increases in spending on healthcare and pensions. Global warming may threaten future life on earth. And income inequality is increasing almost everywhere in the Western world due to globalization and technological changes. In order to be able to solve economic problems governments need excellent policy economists. By completing this Master programme you will be able to apply state-of-the-art economic theory and research methods to solve the most important policy issues of our time.

Besides courses, the core of the Master programme consists of seminars. In the main seminar you will try to solve one of the most pressing policy problems of our time. Moreover, our partners will provide internships for the best students of the program, for example, at one of the Ministries, CPB Netherlands Bureau for Economic Policy Analysis, competition and other government authorities. During this internship you will also most likely write your Master’s thesis.

Open minded, inquisitive, thorough? Rotterdam!

The main values of the Policy Economics programme at Erasmus School of Economics are: open minded, curious, academically thorough, hard-working and politically engaged. If you are a strongly analytical student, if you are highly motivated, and if you are socially engaged, then you should enroll in the Master in Policy Economics!


Good policy economists are scarce and your career perspectives will be excellent. When graduating from this master you will be able to work as an applied policy economist at ministries, applied research institutes, bureaus for policy analysis, and international institutions. The places where our Policy Economics specialisation alumni will be working are the Dutch Ministries, CPB Netherlands Bureau for Economic Research, the Dutch Central Bank, the OECD, and universities.

The curriculum of the Master in Policy Economics provides students with basic economic theory and empirical tools that are essential to become an outstanding policy economist. Core courses of this Master are Advanced Public Economics and Applied Econometrics. Furthermore, students can choose three elective courses in the master Policy Economics, as for example Advanced Macroeconomics, Policy Issues in Public Spending on Labor, Education and Health and Economics of Organisations.

The Master also provides two large seminars. In the first seminar students become familiar with a wide array of applied research techniques (e.g. qualitative research, econometrics of policy evaluation, cost-benefit analysis, field experiments) while discussing recent cases in policy evaluation. The second seminar is devoted to analysing one or two highly relevant policy issues. This seminar changes every year to adjust to the policy issues that are most pressing at that time. The last part is devoted to writing the Master’s thesis.


  • Seminar Cases in Policy Evaluation
  • Seminar Economic Policy
  • Applied Econometrics
  • Economics of Organisations
  • Seminar Quantitative Macroeconomics
  • Applied Econometrics
  • Advanced Public Economics
  • Advanced Macroeconomics
  • Industrial Organisation
  • Advanced Money Credit and Banking
  • The Practice of Economic Policy Making
  • Financial Development
  • Policy issues in Education, Health and Labor
  • Advanced Behavioral Economics

Ilja Surikovs

Student Policy Economics

'Policy Economics is a specialisation for open-minded critical thinkers who want to perform sound economic analysis and give sound economic advice based on facts'


Jonathan Frisch

Student Policy Economics

‘I strongly recommend the specialisation in Policy Economics. It strengthens your foundation in economics and provides you with excellent skills to analyse economic policy issues’

erasmustest16Falk Laser

Job Title: Research and Teaching Assistant
Employer: Technische Universität Darmstadt
Graduated: 2014

'Policy Economics is a great programme helping you to disentangle the complexity of big policy questions and develop sound economic analyses to real world problems'


Matthijs Oosterveen

Job Title: PhD-candidate
Employer: Erasmus University Rotterdam

Graduated: 2013

'This master equips you with the set of tools to tackle the most urgent economic policy questions that society faces today'

This school offers programs in:
  • English

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 a EU-, EEA, Swiss or Surinamese nationality
  • have finished a Dutch programme and want to follow another programme on the same level

Last updated August 18, 2017
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2018
1 year
Full time
2,060 EUR
May 1, 2018
1 August for ESE students
Netherlands - Rotterdam
Start date: Sept. 2018
Application deadline May 1, 2018
1 August for ESE students
End date Request Info
Sept. 2018
Netherlands - Rotterdam
Application deadline May 1, 2018
1 August for ESE students
End date Request Info
EEA/EU students; €14.700 NON-EEA/EU students