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Econometrics and Operations Research

What is the most cost-efficient location for placing windmills in the Netherlands? If you enjoy solving a problem like this, Econometrics and Operations Research could be right for you.

The Bachelor's programme in Econometrics and Operations Research in Groningen teaches you all about econometric modelling. The strength of the programme lies in its combination of four fields: Econometrics, Operations Research, Actuarial Studies and Mathematical Economics. Important features of the programme are small-group teaching, personal contact with lecturers and the combination of theory and empirical applications.

Econometrics is about the statistical methods needed to estimate econometric models. Operations research focuses on optimal decision-making and finding approximate solutions to very complex problems. Actuarial studies is about modelling the risks faced by insurance companies, pension funds and the financial sector in general. Mathematical economics studies how markets work and how prices are set. The combination of these four fields provides an extensive modelling toolkit for solving a wide range of economic problems. Many course units in our programme provide the opportunity to practise econometric modelling on the basis of real-life data, thus providing optimal preparation for your future career as an econometrician, operations research specialist, or actuary.

**Service offered to international prospective students: schedule a campus tour* *

Facts & Figures
Degree
BSc in Econometrics and Operations Research
Course type
Bachelor
Duration
36 months (180 ECTS)
Croho code
56833
Language of instruction
English
Start
September
Faculty
Economics and Business
Accreditation logo EQUISAccreditation logo AACSB
Why study this programme in Groningen?

EOR is an internationally accredited programme, ensuring a high-quality education that meets both the AACSB and EQUIS standards, which only 1% of business schools reach worldwide.

You acquire a sound background in economics, mathematics and statistics and become familiar with a range of important models. You learn how they can be put to best use. You develop an aptitude for research and become skilled in communicating mathematical and quantitative results. With this, you can address a wide range of economically relevant problems.

Programme

The first year starts with an intensive entry programme, in which you take your first course units, meet your fellow students and obtain important study information. You will take course units in mathematics, probability theory, statistics, modelling, programming, microeconomics and finance. These course units lay the foundation for the rest of the programme.

Periods
CoursesCourse Catalog >1234
Finance for EOR (5 EC)
Mathematics I for EOR (5 EC)
Microeconomics for EOR (5 EC)
Linear Algebra for EOR (5 EC)
Mathematics II for EOR (5 EC)
OR Modelling (5 EC)
Probability Theory for EOR (5 EC)
Estimation and Testing (5 EC)
Probability Distributions (5 EC)
Programming for EOR (5 EC)
Multivariate Calculus (5 EC)
Statistical Modelling for EOR (5 EC)

The most important skill that you will learn is how to use mathematical models to answer complex economic questions.

This involves the following steps: start with an economic question or problem; carefully determine the relevant decision variables and parameters; construct a model that involves these variables and parameters and can answer the question; estimate the model with real-life data by applying appropriate techniques from statistics and mathematics; answer the question using the results from the estimated model.

Periods
CoursesCourse Catalog >1234
Macroeconomics for EOR (5 EC)
Matrices, Graphs and Convexity (5 EC)
Statistical Inference (5 EC)
Difference- & Differential Equations (5 EC)
Linear Models in Statistics (5 EC)
Introduction to Actuarial Science (5 EC)
Introduction to Econometrics (5 EC)
Introduction to Operations Research (5 EC)
Queueing Theory and Simulation (5 EC)
Dynamic Econometrics (for EOR year 2) (5 EC)
Introduction to Mathematical Economics (5 EC)
Risk Insurance (for EOR year 2) (5 EC)

In the first part of the third year, it is possible to take a minor. You can choose one from a different degree programme or faculty, at a university either in the Netherlands or abroad. In the second semester of the third year, you will write your Bachelor's thesis to prove your modelling skills.

Periods
CoursesCourse Catalog >1234
Finance Theory and Modelling (5 EC)
Marketing Analytics (5 EC)
Numerical Methods for EOR (5 EC)
Elective BSc EOR (5 EC)
Empirical Econometrics (5 EC)
Stochastic Models (5 EC)
Bachelor's Thesis EOR (10 EC)
Game Theory (5 EC)

Study abroad

  • Study abroad is optional
  • Maximum of 30 EC
Entry requirements

Admissible Dutch diploma profiles

  • Cultuur & Maatschappij

    wiskunde B

  • Economie & Maatschappij

    wiskunde B

  • Natuur & Gezondheid

    wiskunde B

  • Natuur & Techniek
  • academic propedeuse

    You can enroll, as long as you have a finished VWO-degree with mathematics B.

  • HBO propedeuse

    With a HBO propaedeutic certificate it is also possible to enter the programme, on condition that you meet the required level of mathematics and English. You must at least have taken mathematics B at Dutch VWO level.

Registration procedure

Students have to apply online via Studielink. After you have applied, you have the right to participate in a matching activity. Matching is a procedure for students who want to apply for a Bachelor programme without a decentral selection procedure for the academic year 2020-2021. Read more about the matching procedure.

Admission requirements

Specific requirementsMore information
additional subject

Mathematics should have been passed as a higher level (advanced) subject in your secondary school education. Please note that the level of mathematics will need to be assessed by the Admissions Board.

language test

IELTS Academic overall score 6 (Speaking 6, Writing 5.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 20); C1 Advanced (with minimum score 169); University of Groningen Language Centre Test B2 overall.

previous education

To meet the general entry-level requirements, you will need an educational background equivalent to the Dutch pre-university education (VWO). For an overview of VWO-equivalent qualifications, please check https://www.rug.nl/vwo-equivalent-qualifications. If you have any questions concerning admission to the programme, please contact our Admissions Office: https://www.rug.nl/admissions.

Registration procedure

Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the programme 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 studentDeadlineStart course
Dutch students01 May 202001 September 2020
EU/EEA students01 May 202001 September 2020
non-EU/EEA students01 May 202001 September 2020
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2019-2020€ 2083full-time
non-EU/EEA2019-2020€ 8900full-time
EU/EEA2020-2021€ 2143full-time
non-EU/EEA2020-2021€ 9500full-time

Practical information for:

After your studies

Job prospects

Almost all students decide to continue with a Master's degree in EOR or a related field. Acquiring such a Master's degree will expand your career opportunities in the short and long term, at home and abroad. Graduates with an MSc degree in EOR are found in a broad spectrum of occupations where mathematical, programming and problem-solving skills are needed.

The world of business offers jobs in areas such as finance, insurance, logistics, and marketing. Also, the public sector hires econometricians. Finally, moving into academia is another possible career path. Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide, your degree will be highly valued on the labour 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. Check: FEB Career Services.

Job examples

  • Quantitative analyst (logistics, finance, banking, insurance, marketing)
  • Consultant (logistics, finance, insurance, marketing)
  • Actuary (insurance, pensions)
  • Risk manager (financial sector)
  • Researcher (university, government, research institute, central banks)
Research

Linking education to research and career preparation

From the start of your degree programme, attention is paid to both pre-professional development and academic research. In this way, our education is strongly rooted in business practice and research. The lecturers involved in our program conduct research projects on various economically relevant topics and often integrate such research in their lectures. Furthermore, alumni are regularly asked to give guest lectures in order to show how specific course topics can be used in practice.

Apply nowBrochureEventsContact
Student for a day / FEBNettelbosje 2More information
Bachelor's Open DayBroerstraat 5More information
Bachelor's Open DayBroerstraat 5More information

Contact

If you want to know more about the programme Econometrics and Operations Research, please contact:

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  • 
						Testimonial of Melanie Davids

    What is special about this programme is how involved the lecturers are.

    – Melanie Davids
    Read more

    I have always been good at mathematics and interested in how economics work, so I decided to sign up for the web classes offered by the university. I enjoyed the EOR web class the most. Where to study was an easy decision: I chose Groningen because it is the most vibrant student city in the Netherlands. I am almost done with my first year and my experience is that the EOR programme is challenging but not impossible as many people think. If you put in the work and attend the lectures and tutorials, there is a big chance to pass your exams successfully. What is special about this programme is how involved the lecturers are. I really enjoy the study and have made amazing friends this year!

    Close

Study associations

VESTING

VESTING is the association for students of Econometrics, Operations Research and Actuarial studies.
Her purpose is to tighten the gap between the abstract theory and the practical use regarding Econometrics and Operations Research. Also, VESTING wants to ameliorate the contact between her members and offer them the possibility to deploy themselves on other aspects than their studies. This is achieved by the organisation of formal as well as informal activities.
https://www.devesting.nl

EBF

The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.
The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.
https://www.ebfgroningen.nl/
Read more
(Binding) study advice
  • A minimum of 45 EC in the first 12 months (binding)

You will be offered study advice after first year of study. You can expect a positive result if you have earned more than 45 ECTS credit points (out of a total of 60 ECTS). If you have earned fewer than 45 ECTS and are issued a negative result, you will not be allowed to continue with your degree programme.

You will receive preliminary study advice in December to make sure that you know where you stand. Please contact your study advisor as soon as possible if you have any questions about the BSA system. N.B. Some degree programmes use a tutoring system; please check with your study advisor.

Study support

As a student, you are expected to work independently, but of course, the faculty will help you do so. Together with other first-years, you will participate in a mentor group. The mentor, a senior student, will help you learn the ins and outs of the faculty. In addition, you will discuss your study progress with your tutor (a lecturer-supervisor) at regular intervals. The study advisors are available to help you with specific study problems.

During the first year, your mentor group, called Study Performance and Academic Attitudes (SPAA) group, will meet on a regular basis, supervised by your student-mentor. Assignments and discussions will help you gain insight into your own way of studying and how to develop effective study skills. This small-scale approach enhances contact between students and between students and lecturers. You will also have a lecturer-tutor, whom you will meet individually at the start of your studies and after the first two exam periods. This way you receive personal and regular feedback on your study progress. Successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert with whom you can discuss your study progress and personal circumstances. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.

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