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Economics

Linking education to research and career preparation

LRBT: Prof. Herman de Jong, Dr. Viola Angelini, Dr. Pim Heijnen - Prof. Bert Schoonbeek, Prof. Machiel Mulder, Prof. Adriaan Soetevent - Dr. Gerard Kuper, Prof. Rob Alessie, Prof. Ben Heijdra
LRBT: Prof. Herman de Jong, Dr. Viola Angelini, Dr. Pim Heijnen - Prof. Bert Schoonbeek, Prof. Machiel Mulder, Prof. Adriaan Soetevent - Dr. Gerard Kuper, Prof. Rob Alessie, Prof. Ben Heijdra

Our education is strongly rooted in business practice and society. Also right from the start of your degree programme 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 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 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 lecturer in Economic History and has recently been awarded a prestigious € 1.5 million VICI grant to be spent on research into quality of life indicators and economic growth in the first half of the twentieth century. 

Dr. Heijnen specializes in environmental economist and industrial organization, and has many publications in those areas.

Dr. Angelini is 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 journal and is specialist in consumer and saving behaviour. Both are also specialists in Stata.

Dr. Kuper is specialist in macroeconometric modelling and Eviews and well-known as predictor of the final medal classification of each Olympics.


Research institute related to the MSc programme:

Economics, Econometrics & Finance

  • Opleidingsvideo

    What's it like, studying at FEB?

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

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    – 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.

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    – 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. 

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    – Christian Martin, MSc Economics
  • 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.

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    – Emma Molenaar
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