Master in Economics
The Master’s in Economics has been developed for the prospective professional economist with an interest in social issues. It teaches you the essentials of modern economic theory and how to apply them to everyday problems in a number of core policy fields. Using behavioural economic models and statistical techniques, economists seek to answer macroeconomic and microeconomic questions. Areas of focus include poverty and inequality, social security, growth and inflation, and environmental policy. You will learn how to take a structured approach to practical problems when applying the economic techniques learned at the Bachelor’s level. As a Master’s student, you will become a versatile, all-round economist with the ability to independently tackle important economic issues.
Much of Economics is about gathering information and making complex decisions under a number of relevant constraints. Consumers, firms, and policymakers alike need to base their actions on sound evidence to pursue their goals effectively. They interact and affect each other in various and intricate ways that economists strive to understand.
The Master’s in Economics is a high-quality one-year programme. The first part of the programme consists of three compulsory core courses focusing on the foundations of the discipline at an advanced level. You will also take three elective courses that can be combined into a specialization. Two pieces of independent academic work, a research project and a final thesis, complete the programme requirements. Thanks to the compact, personal nature of the programme there is plenty of interaction with the teaching staff. The programme is highly esteemed by its students and is one of the top Economics programmes in the Netherlands.
During your Master’s studies, you will have the option of specializing in one of the following key areas in the domain of economics:
- Development Economics
- Public Policy
- International and Macroeconomic Policy
- Global Challenges
A graduate of the Master’s programme in Economics is a well-trained economist, with extensive knowledge of economic techniques and economic policy.
Graduates become policy economists at consultancy firms or with government agencies, or work in various positions in financial and non-financial industries. Others start working as market analysts at, for example, the Netherlands Competition Authority, or De Nederlandsche Bank. Still others go to work for multinationals such as banks and insurance companies. Some graduates work at economic research institutes or join PhD programmes at highly competitive research universities before continuing with their academic career.
Apart from focusing on high-profile job opportunities, programme participants develop an eye for economic issues of societal and scientific relevance, and develop a critical attitude for analysing and judging these issues. Economics is at the very heart of the social sciences. Economists are therefore involved and committed members of society.
Admission requirements Master's programme Economics
- Direct admission to the Master's programme in Economics is only possible with a Bachelor's degree in economics and business administration or econometrics from Vrije Universiteit Amsterdam. In these cases, students must have successfully completed the following 3rd year bachelor courses: Research Methods for Economics and Finance, Microeconomics, Macroeconomics, and a tutorial Micro- or Macroeconomics.
- Applicants with a Bachelor's degree in Economics (or very closely related) from an accredited university must have a sufficient knowledge in both Micro- and Macroeconomics and a solid background in mathematics and statistics for economists. Specifically, students ought to be familiar with mathematics (calculus and algebra), intermediate economics and econometrics at a level commensurate with all of the following texts:
- Econometrics and Statistics
- Mathematics for Economists
- Other applicants, already studying in the Netherlands or with a Dutch HBO degree, not meeting these criteria may be required to successfully complete additional preparatory courses, possibly in Dutch (e.g. pre-Master), before they can be admitted to the programme, which may substantially increase the total expected time to completion.
This school offers programs in:
Last updated August 12, 2017