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Education Bachelor's degree programmes Economics and Business Economics - Business Economics
Header image Economics and Business Economics - Business Economics

Economics and Business Economics - Business Economics

Study business economics in Groningen and discover how firms create financial value while balancing societal and sustainability concerns.

How can corporations use financial derivatives to manage their currency risks? Do stocks of environmentally friendly firms provide a better risk-return tradeoff? How can a business assess its social and environmental impact using sustainability accounting? In the Business Economics profile, you engage with such questions to understand financial decision-making within organizations from an economic point of view.

In the Business Economics profile of our BSc Economics and Business Economics programme, you will focus on corporate investments, financing, security pricing, and accounting, while also paying attention to economics, marketing, human resource management, and logistics. Moreover, you will learn about business ethics and sustainability and get an insight into corporate responsibility and its impact on organizations at both local and global levels.

You will also work on many important employability skills: analytical skills, data skills, team skills, writing skills, and presentation skills. Every year you will work on a research project to answer societal relevant questions using real-life data.

We work closely with companies from various industries and regularly offer career and employability events or guest lectures by our alumni, business leaders, and economists. By engaging with the labour market, you see how research and theory are applied to the real world and you get insights that will help you prepare for your future career.

Do you want to learn more about the other two profiles in Economics or Economic Development and Globalization ?

Facts & Figures
BSc in Economics and Business Economics
Course type
36 months (180 ECTS)
Croho code
Language of instruction
Economics and Business
Why study this programme in Groningen?
  • The Business Economics profile in Groningen provides a solid background in corporate finance, asset pricing and accounting with ample attention to other business and economic topics.
  • Make use of many opportunities to work on the professional skills today's employers are looking for. You work on developing your data and analytical skills to a high level, along with your communication and presentation skills, while building strong connections with the business world.
  • You will learn to use business economics concepts to engage with current societal challenges, such as corporate social responsibility and ethics in business, for example, in the course in 'Business Ethics, Sustainability and Law'.
  • Explore the consequences of cross-border activities for risk management on the operations and financing of firms in the course “Intermediate Corporate Finance”.
  • You will often work closely in small groups on projects that mirror work situations, gaining teamwork skills that matter. With a mix of international students and teachers, you will experience a global perspective that is essential for today's business economics world.
  • Pursue your own learning by choosing from an exciting range of options and electives in your 3rd year – either at the faculty, the university, or abroad with one of our many international partners in Europe, Latin America, Australia, Canada, China, the USA, to name a few.
  • Engage in the active student community with members from many countries and diverse study backgrounds.
  • The programme ensures high-quality education. It has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.

Year one offers a solid introduction to economics and business economics. In your first course "Introduction to E&BE" you will explore how institutional contexts (such as democracy and capitalism) affect people's wealth and well-being and how societal challenges like inequality, poverty, ethics in business, and climate impact can be evaluated from an economic point of view. You will also dig into the fundamentals of corporate finance and financial markets, micro-, macro-, and international economics as well as accounting and marketing. Also, you will get to know the basics of mathematics and statistics applied in an economic context.

You will develop important skills in research and data analysis, working in teams, and communication – think, for example, of the writing and presentation skills that today's labour market demands.

CoursesCourse Catalog >1a1b2a2b
Introduction to E&BE (5 EC)
Mathematics for E&BE (5 EC)
Microeconomics for E&BE: Consumers&Firms (5 EC)
Financial Accounting for E&BE (5 EC)
Macroeconomics for E&BE (5 EC)
Mathematics and Data Analysis for E&BE (5 EC)
Marketing for E&BE (5 EC)
Statistics for E&BE (5 EC)
Academic English for E&BE (5 EC)
Research Paper for E&BE (5 EC)
Asset Pricing and Capital Budgeting (5 EC)
International Economics for E&BE (5 EC)

In year two, you will launch into the Business Economics profile, where you learn how to value companies (for example in mergers and acquisitions) and how corporate social responsibility may create or destroy such company value. You will develop an Excel-based financial model to aid you in those tasks. You will learn how to use financial derivatives in managing companies' risks and study the management of banks in our economic system.

You will discuss costing systems and apply several techniques used to produce financial and non-financial information to support a firm's social and environmental responsibility. You will also learn how to manage corporate human resources in a globalized world where the workforce becomes more diverse. In a logistics course, you assess global supply chain performance and how to analyze and design the flow of goods and services.

You will examine and debate the main theories in the philosophy of business, business ethics, and moral psychology. This will equip you to help organizations develop ethical frameworks for decision-making in relation to today's corporate responsibility and sustainable development agenda.

Year 2 is also about improving your quantitative skills in Econometrics and Matrix Analysis and Optimization, and applying these skills in a team-based research project answering a societal-relevant research question. This year also adds an extra layer on top of your 1st-year courses in micro-, macro-, and international economics.

CoursesCourse Catalog >1a1b2a2b
Matrix Analysis and Optimization (5 EC)
Monetary Macroeconomics (5 EC)
Trade Policy and Economic Integration (5 EC)
Management Accounting for BE (5 EC)
Microeconomics - Industrial Organization (5 EC)
Operations and Logistics Management (5 EC)
Capital Structure and Financial Planning (5 EC)
Econometrics for E&BE (5 EC)
Human Resource Management for BE (5 EC)
Business Ethics, Sustainability and Law (5 EC)
Economics of Banking (5 EC)
Empirical Research Paper for E&BE (5 EC)

In the third year, you choose a minor. Some students choose courses offered within our own degree programme (and follow more courses in finance and data skills) or follow a faculty minor (such as Data Analytics in Economics & Business or Entrepreneurship), while others take a minor from a different faculty of the University of Groningen (such as psychology, law or neuroscience) or one that involves studying abroad for a full semester – in Europe, Latin America, Australia, Canada, China, the USA

After your minor, you continue with your business economics specialization, make a selection from many electives, and you will write your empirical Bachelor's thesis on a current topic.

In terms of courses, you will spend most of the second semester of the 3rd year on finance and accounting courses. You will study financial markets, particularly the pricing of financial securities that are traded in these markets, such as stocks, bonds, and options. You will explore the consequences of cross-border activities for risk management with derivatives, on the operations and financing of firms. You will also gain an understanding of credit analysis and distress prediction, as well as the process of conducting a comprehensive security and credit analysis to make investment decisions. You will also become familiar with the principles of marketing research.

CoursesCourse Catalog >1a1b2a2b
Minor (30 EC)
Elective BSc E&BE-BE (5 EC)
Intermediate Asset Pricing (5 EC)
Bachelor's Thesis E&BE-BE (10 EC)
Elective BSc E&BE-BE (5 EC)
Intermediate Corporate Finance (5 EC)

Study abroad

  • Study abroad is optional

In this programme, you have the option of studying abroad for one semester in Year 3 (30 EC). You can do this at one of our many international exchange partners in Europe, North America, Latin America, Australia, or Asia.

Check this overview of our partner universities around the world:

Check this overview of our partner universities around the world.
Entry requirements

Admissible Dutch diploma profiles

  • VWO Natuur & Techniek
  • VWO Natuur & Gezondheid
  • VWO Economie & Maatschappij
  • VWO Cultuur & Maatschappij

    Wiskunde A of wiskunde B.

  • HBO propedeuse

    It is also possible to enter the programme with an HBO propaedeutic certificate, on condition that you meet the required level of mathematics and the English language skills. For mathematics, you must at least have completed A or B (previously mathematics A12 or B1) at Dutch VWO level. For English, you must also have completed this at VWO level or obtained one of the English certificates: 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).

  • academic propedeuse

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

Choice of degree programme check

The degree programme will organize a choice of degree programme check. Attendance is optional. The advice is not binding.

Explanatory notes

Matching is a way for first year students of a Bachelor's degree programme without a selection procedure to find out whether their chosen degree programme matches with what they want.

If you want to register as a first year student for a Bachelor's degree programme without a selection procedure, you must do so no later than 1 May. That is a statutory requirement. When you have applied via Studielink on time, you are entitled to participate in a matching activity. Through matching you can find out whether your chosen Bachelor's degree programme matches with what you want. Every Bachelor's degree programme has a different matching procedure. After you have registered for a degree programme via Studielink, you will automatically receive a message explaining the procedure for the degree programme of your choice.

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202401 September 2024
01 May 202501 September 2025
EU/EEA students01 May 202401 September 2024
01 May 202501 September 2025
non-EU/EEA students01 May 202401 September 2024
01 May 202501 September 2025

Choice of degree programme check

If you intend to start with a bachelor degree programme at the University of Groningen in September, make sure to apply before May 1 in Studielink. The degree programme will give you the option to participate in a matching activity to see if you and the degree programme are a match. Which matchings activity they provide depends on the faculty and programme.

Any questions about matching? Check

Admission requirements

Specific requirementsMore information
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 If you have any questions concerning admission to the programme, please contact our Admissions Office:

additional subject

Mathematics should have been passed as a standard/methods level 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 80 (Speaking 20, Writing 20); Cambridge C1 Advanced or C2 Proficiency (overall score 169, Speaking 169, Writing 162).

Registration procedure

Students have to apply via Studielink and the Progress Portal (replacing the previous system, 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 202401 September 2024
01 May 202501 September 2025
EU/EEA students01 May 202401 September 2024
01 May 202501 September 2025
non-EU/EEA students01 May 202401 September 2024
01 May 202501 September 2025
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2024-2025€ 2530full-time
non-EU/EEA2024-2025€ 13100full-time

Practical information for:

After your studies

Most of our graduates continue their studies with a Master's degree. A Master's degree in Finance grants for example access to the world of corporate finance, financial markets, sustainable investing, and banking. Such a degree will make you very equipped to become a financial analyst at a bank, a treasury expert in a large corporation, or a financial consultant at an advisory firm.

If you choose the Research Master's degree programme you could move into academia and perhaps decide to go further and earn a PhD at a university in the Netherlands or abroad. As a graduate, your degree will be highly valued in the labour market.

Job examples

  • Trader at the energy trading desk of an energy firm (e.g. Eneco)
  • Financial Manager at a corporation (e.g. ASML)
  • Financial or stock market analyst at a commercial bank (e.g. Rabobank)
  • Risk analyst at an insurance company (e.g. Achmea)
  • Financial consultant at a consultancy firm (e.g. Deloitte)

Linking education to research and career preparation

Our research-driven education is strongly rooted in business practice and society. Our lecturers are active researchers and experts in their field. They study societally relevant topics in areas such as a healthy society, inequality, governance, sustainable finance, business ethics, sustainable development, energy policies, and much more. They conduct their research in collaboration with external partners and students and use their state-of-the-art knowledge in the classroom. Every year you will conduct a research project yourself.

Read more about the research conducted at the Faculty of Economics and Business.

Excellent teachers that are driven to help you (Sanna Wiersinga)

After high school, I wanted to study something that had to do with economics, finance and taxation. What I found interesting about the Bachelor's programme in Groningen is that you will first be introduced to courses from each profile before you get to choose your specialization in the second year. When choosing this programme, I considered the many minor opportunities in the third year and the international accreditations (AACSB and EQUIS).

In my second year, I decided to follow the Business Economics (BE) profile. During my study, I also build up knowledge in a specific area through different courses. To give an example, you follow Asset Pricing in your first year, Capital Structure in your second year and Intermediate Asset Pricing in your third year. If the level of mathematics is the main reason that you doubt choosing this Bachelor’s degree, then you should not let this deter you. The combination of lectures, tutorials and practicals provides you with enough practice and support to accomplish the required level of mathematics. There are excellent teachers that are driven to make the most out of their courses and are always willing to help you understand the material completely.

The programme has an international aspect which I value since you get the opportunity to work together with students from all over the world and learn about different cultures. This creates a thriving learning environment and inspires students to look further than their own way of living. This programme is a good starting point for starting your career in the inspiring world of economics and finance.

Read more

Study associations


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.
Read more
(Binding) study advice
  • A minimum of 45 EC in the first 12 months (binding)

You will be offered study advice after the 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.

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