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.
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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.
"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.'
'Good way to develop your logical thinking abilities'
'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.'