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BacheloropleidingenEconometrie en Operationele Research
Header image Econometrics and Operations Research

Econometrics and Operations Research

Is it possible to calculate the optimal squad for Manchester United Football Club? If you enjoy solving a problem like this, Econometrics and Operations Research could be right for you.

**Two first places: Best BSc Econometrics and Operations Research in the Netherlands - Elsevier 2016 & Keuzegids 2017**

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

The Top 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 and pension funds. 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 optional preparation for your future career as an econometrician.

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
Studie in CijfersAccreditation 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 footing in economics, mathematics and statistics; become familiar with the range of important models and how they can be put to best use; develop an aptitude for research; and become skilled in communicating mathematical and quantitative results. With this, you can address a wide range of societal i

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
Courses12
Estimation and Testing (5 EC)
Finance for EOR (5 EC)
Linear Algebra for EOR (5 EC)
Mathematics I for EOR (5 EC)
Mathematics II for EOR (5 EC)
Microeconomics for EOR (5 EC)
Multivariate Calculus (5 EC)
OR Modelling (5 EC)
Probability Distributions (5 EC)
Probability Theory for EOR (5 EC)
Programming for EOR (5 EC)
Statistical Modelling for EOR (5 EC)

The most important skill that you will learn is how to use appropriate models to answer complex economic questions. This involves the following steps: start with an economic question or problem; carefully determine the relevant 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; solve the problem using the estimated model.

Periods
Courses12
Difference- & Differential Equations (5 EC)
Dynamic Econometrics (for EOR year 2) (5 EC)
Introduction to Actuarial Science (5 EC)
Introduction to Econometrics (5 EC)
Introduction to Mathematical Economics (5 EC)
Introduction to Operations Research (5 EC)
Linear Models in Statistics (5 EC)
Macroeconomics for EOR (5 EC)
Matrices, Graphs and Convexity (5 EC)
Queueing Theory and Simulation (5 EC)
Risk Insurance (for EOR year 2) (5 EC)
Statistical Inference (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
Courses12
Bachelor's Thesis EOR (10 EC)
Elective BSc EOR (5 EC)
Empirical Econometrics (5 EC)
Game Theory (5 EC)
Numerical Methods for EOR (5 EC)
Stochastic Models (5 EC)
Suitable course(s) FEB (s.t. approval) (15 EC)
Finance Theory and Modelling (5 EC)
Marketing Analytics (5 EC)

Curriculum

Check for more info on all courses: http://www.rug.nl/ocasys/feb/vak/showpos?opleiding=4655

Study abroad

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

Admissible Dutch diploma profiles

  • CM

    wiskunde B

  • EM

    wiskunde B

  • NT
  • academic propedeuse

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

  • HBO-p

    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.

Admission requirements

Specific requirementsMore information
additional subject

Mathematics should have been passed as higher level (advanced) subject in your secondary education.

Registration procedure

Matching is a procedure for students who want to apply for a Bachelor programme without a decentral selection procedure for the academic year 2019-2020. Read more about the matching procedure: http://www.rug.nl/feb/education/admission-application/matching/

Admission requirements

Specific requirementsMore information
math test

If Mathematics is not/has not been one of your final-year subjects during your pre-university education (or you took the lowest level, e.g. Maths Studies) then you will need to show proof of your level of Maths proficiency. For more information, please check our site at http://www.rug.nl/feb/education/admission-application/intl-route/1

other admission requirements

If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office

Language requirements

ExamMinimum score
IELTS overall band6
IELTS writing5.5
IELTS speaking6
TOEFL paper based550
TOEFL computer based213
TOEFL internet based80

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 201901 September 2019
01 May 202001 September 2020
EU/EEA students01 May 201901 September 2019
01 May 202001 September 2020
non-EU/EEA students01 May 201901 September 2019
01 May 202001 September 2020
Tuition Fees
NationalityYearFeeProgramme form
EU/EEA2018-2019€ 2060full-time
non-EU/EEA2018-2019€ 8300full-time
EU/EEA2019-2020€ 2083full-time
non-EU/EEA2019-2020€ 8900full-time

The Dutch government intends to halve the statutory tuition fees for specific groups of first year bachelor's students starting from the 2018/19 academic year.

https://www.rug.nl/education/tuition-fees-halved

After your studies

Job prospects

Graduates with an MSc degree are found in a broad spectrum of occupations where IT, mathematical and problem-solving skills are needed. The world of business offers jobs in finance, insurance, logistics, manufacturing and marketing. Non-profit organisations, such as employers' federations and consumer organisations also hire econometricians. Governments need the diverse skills that will make up your toolkit. Finally, moving into academia is another possible career path.

Your job prospects will be good. Nonetheless, while a Bachelor's degree may meet the requirements for entry-level positions, almost all students decide to continue with a Master's degree. Acquiring a Master's degree will expand your career opportunities in the short and long term, at home and abroad. 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, insurance, marketing)
  • Researcher (university, government, research institute)
  • Consultant (logistics, finance, insurance, marketing)
  • Actuary (insurance)
  • Risk manager (financial sector)
Research

Linking education to research and career preparation

Our education is strongly rooted in business practice and society. from the start of your degree programme attention is paid to academic research and preprofessional development, asan analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.

In collaboration with external partners we conduct research projects on e.g banking, local government, customer insights, leadership, energy, healthy ageing and lean operations.

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Contact

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

  • Watch this videoClose
  • 
								Testimonial of Tryntsje Hoving-Wesselius

    "At work we use models that I learned about in Groningen"

    – Tryntsje Hoving-Wesselius
    Read more

    '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.'

    Close
  • 
								Testimonial of Jing Chen

    'Good way to develop your logical thinking abilities'

    – Jing Chen
    Read more

    'After deciding I wanted to study in the Netherlands I looked at several universities that offer econometrics. Groningen appealed to me because the university is a very central aspect of city life. I'm happy with my decision to study here. I've enjoyed the classes so far. My favourite is mathematics. It's really challenging and a good way to develop your logical thinking ability. And I'm glad I have classes in economics too. Econometrics and Operations Research combines the best of both worlds.'

    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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