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Economics

Programma

  • 1 jaar

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

    We offer two specialised 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 programme.

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

    We offer two specialised 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 programme.

Programma-opties

  • Macroeconomic Theory and Policy (profiel)

    (MTP) The track aims to provide you with a thorough understanding of the structure of and changes in the aggregate economy.

    The programme is firmly founded on three pillars, namely theory, empirics, and policy. Both real and monetary perspectives are treated in detail. Among other things you will learn why economies grow over time, how the life-cycle choices made by individuals affect the aggregate economy, how governments can use public policy instruments to affect the economic performance and social welfare; and how monetary policy and regulation can ensure the smooth working of financial markets. Upon completion of this profile, you will be in the possession of the tools needed to independently carry out theoretical and empirical analyses of an aggregate nature.

  • Microeconomics: Markets and Incentives (profiel)

    (MMI) Students will gain a thorough understanding of the incentives that shape the economic decision-making of individuals, households and firms.

    You will learn how the strategic interaction between firms shapes market outcomes and affects profits and consumer welfare; how households trade off consumption and saving in planning their life-cycle consumption pattern; how governments can use taxes and subsidies to influence behavior; and how competition policy and regulation can ensure the efficient working of markets.

    Upon completion of this profile, you will master the theoretical and empirical tools needed to recognize the incentives of individual firms and households in novel economic situations and be able to describe how these incentives translate into market outcomes and welfare. You will have the knowledge and ability to independently carry out theoretical and empirical micro-economic analyses.

  • Double Degree Economic Analysis (specialisatie)

    1.5 year Double Degree programme in Groningen and Universidad de Chile, Santiago.

  • Double Degree China and the World Economy (specialisatie)

    2 year Double Degree programme in Groningen and Fudan University Shanghai.

  • Energy Specialist (specialisatie)

    Focus your MSc on Energy and open up extra career opportunities. There are two steps to becoming an Energy Specialist-

    1) complete two of four chosen electives 2) write and round off an MSc thesis on an energy topic

  • Master Internship (specialisatie)

    Opportunity for an internship between February and June. You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the first semester of your next study year.

Opbouw programma

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

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

Check for in-depth info on all courses: https://www.rug.nl/ocasys/rug/vak/showpos?opleiding=2031

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

Check for in-depth info on all courses: https://www.rug.nl/ocasys/rug/vak/showpos?opleiding=2031

Studeren in het buitenland

  • Studeren in het buitenland is facultatief
Waarom in Groningen?

The objective of the programme 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.

The objective of the programme 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.

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.

  • Testimonial van Emma Molenaar

    Economics and Economics Analysis challenges you at both a mathematical and an econometric level

    The main reason for me to choose the MSc Economics was that it contains courses that challenge you at both a mathematical and an econometric level, and you are still able to choose finance courses as well. I also applied for the DDM Economics and Economic Analysis with Universidad de Chile. This was my last chance to study abroad, which was the only thing I regretted not having done during my Bachelor. The double degree was an experience I wouldn't have wanted to miss. I advise it to anyone.

    In Chili, all of our teachers were experts in their fields and obtained their PHD at some of the most renowned universities in the world. The courses went into more depth and focused on case studies and research about Latin America. The fact that you get two supervisors for your thesis is also very nice. I had a lot of very good pointers from my supervisor from Chili, a professor and also prominent business man who helped me to improve my thesis a lot. Even though the courses are quite intensive, there is also plenty of time to do other things like exploring the country, meeting new people, and even joining a sports team like I did.

    Sluiten
    – Emma Molenaar
  • Opleidingsvideo

    What's it like, studying at FEB?

    Find out about the possibilities at the Faculty of Economics and Business

    Sluiten
    – Opleidingsvideo
  • Testimonial van Hans Dijkhuizen

    “Studying Economics in Groningen has changed my view on society. I would recommend everybody to study this master programme”

    When I finished my bachelor I was doubting which master I should choose, Finance or Economics. I started with the Master Finance, but half way this master programme I decided to study Economics as well. A lot of issues in the news and politics are driven by economics and I wanted to know more about it.

    During the Master Economics I learned to understand economic models and to recognize the forces that sometimes seem counterintuitive, but make perfect sense once we account for the incentives that may drive behaviour of the economic agents involved. One interesting example is that prices can increase as a reaction to more transparency in the market. This is a possible outcome because transparency does not only facilitate the choice of consumers but also facilitates collusion. Transparency makes it easier to notice when another producer deviates from the collusion price. This makes it less profitable to deviate and enhances collusion.

    In Groningen, the Master Economics may be more technical than at other universities, but I would regard this as a strong aspect. It provides you with the right tools to understand and analyse economic behaviour. At the moment. I work for the government as an economist and most things I learned during my masters is very helpful and valuable in my current job. But studying Economics in Groningen also has changed my view on the society. I would recommend everybody to study this master programme.

    Sluiten
    – Hans Dijkhuizen
  • Testimonial van Christian Martin, MSc Economics

    "I developed an econometric model to determine potential destinations and passenger movements for Groningen Airport Eelde."

    After my bachelor I was clearly convinced to further develop my skills I acquired during the bachelor economics. Mathematics and econometrics are both subjects I find challenging. This in combination with psychological aspects and also philosophy determined my choice to study the master economics.

    In addition to more in-depth knowledge of economic subjects, which were taught in the bachelor, new subjects, among which game theory, are also introduced. Personally writing my master thesis was definitely the highlight during my “academic career”. The master economics provides you enormous freedom regarding your subject. As an economic student the regional economy of Groningen is an interesting topic to study. Furthermore, my interests in aviation economics made Groningen Airport Eelde the best place to write my thesis about. Good consultation with the airport and the university resulted in a very interesting and challenging thesis. I developed an econometric model to determine potential destinations and passenger movements for Groningen Airport Eelde. During my thesis I learned a lot more about econometrics. Besides, I learned how to translate such a model to people who have less knowledge in this subject. “How do you explain such a model such that anyone is able to understand the results?” Thus, the course did not only develop my academic skills, but also my presentation skills for business purposes. I found that the airport still has opportunities to expand services. Indirectly this might result in extra economic activity.

    During my thesis I obtained valuable feedback, which I still use nowadays. I am more aware of how to present written documents to others. Furthermore, data-analysis is of great importance in the ICT sector in which I work now.  All by all, I recommend this master program as it not only develops your academic skills, but also your skills you will certainly use after your master. 

    Sluiten
    – Christian Martin, MSc Economics
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