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.
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What is special about this programme is how involved the lecturers are.
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!
"At work we use models that I learned about in Groningen"
'Finding a job was quite easy, I got one before I even graduated. As a student I worked part-time at MIcompany, a specialised commercial analytics agency which combines econometrics and marketing. After a while they offered me a fulltime contract. It's interesting to think about what people need and how that translates into customer behavior. Then I can create a win-win situation for our client. At work we use models that I learned about in Groningen, so my degree actually comes in handy.'