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

Economics and Business Economics

Would you like to become an economic expert in topics such as financial decision-making by firms, fiscal or monetary policy of governments, or economic development and international trade?

During the three-year BSc Economics and Business Economics (E&BE), you will study a wide range of topics like banking, finance, fiscal and monetary policy issues, economic development and sustainability, economic theory, and strategic behaviour between firms on markets. You will learn how business experts and policymakers attempt to stimulate both corporate and general economic activity. This programme will give you the theoretical tools and analytical skills needed to address complex issues.

During the 1st year - the foundation year - all students take the same course units. In year two, you will either specialize in Business Economics, Economics or Economic Development and Globalization.

* Business Economics focuses on decision-making within an organization from an economic point of view.
* In Economics, you learn to develop models with which to obtain an understanding of economic phenomena.
* Economic Development and Globalization focuses on international economic development and globalization and its impact on firms’ strategies and government policies.

In the 3rd year, you have the chance to choose a minor at faculty, university or study abroad at one of the university partners.

Facts & Figures
Degree
BSc in Economics and Business Economics
Course type
Bachelor
Duration
36 months (180 ECTS)
Croho code
50950
Language of instruction
English
Start
September
Faculty
Economics and Business
Accreditation AACSBAccreditation logo EQUISStudie in Cijfers
Why study this programme in Groningen?
  • The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
  • Economics and Business Economics is a complete programme: you start with a broad foundation year in which basic economic theory and business issues are covered and then choose the profile that interests you most.
  • After finishing the Bachelor's degree, you can continue directly to pursue one of the many Master's programmes at the faculty.
Programme

During the first year of the programme, you will take the same courses as your fellow students. These include introductions to Finance and Financial Accounting, International Economics, International Business and Marketing. You will also tackle the fundamentals of Micro- and Macroeconomics, Mathematics and Statistics. You will write a short research paper, an essential aspect of academic life. Finally, you will take an English language course to develop academic writing and presenting skills.

CoursesCourse Catalog >
Asset Pricing and Capital Budgeting (5 EC)
English (5 EC)
Financial Accounting (5 EC)
International Business (5 EC)
International Economics (5 EC)
Macroeconomics (5 EC)
Marketing (5 EC)
Mathematics (5 EC)
Mathematics and Data Analysis (5 EC)
Microeconomics: Consumers & Firms (5 EC)
Research Paper (5 EC)
Statistics (5 EC)

Building on the broad foundation provided in the first year, you and your fellow students will continue with courses such as Monetary Macroeconomics, Trade Policy and Economic Integration, Industrial Organization, Finance, Mathematics, Economics of Banking and Econometrics. In addition to these courses, you will choose between a profile in:

  • Business Economics
  • Economics
  • Economic Development and Globalization

You will write an empirical research paper at the end of your second year.

CoursesCourse Catalog >
BE - Capital Structure and Financial Planning (5 EC)
BE - Econometrics for BE (5 EC)
BE - Economics of Banking (5 EC)
BE - Empirical Research Paper for BE (5 EC)
BE - Human Resource Management for BE (5 EC)
BE - Management Accounting for BE (5 EC)
BE - Matrix Analysis and Optimization (5 EC)
BE - Microeconomics - Industrial Organization (5 EC)
BE - Monetary Macroeconomics (5 EC)
BE - Operations and Logistics Management (5 EC)
BE - Philosophy and Ethics of Business (5 EC)
BE - Trade Policy and Economic Integration (5 EC)
ECO - Capital Structure and Financial Planning (5 EC)
ECO - Econometrics for Economics (5 EC)
ECO - Economics of Banking (5 EC)
ECO - Empirical Research Paper for Economics (5 EC)
ECO - Growth, Institutions and Business (5 EC)
ECO - History of Economic Thought (5 EC)
ECO - Intermediate Mathematics (5 EC)
ECO - Matrix Analysis and Optimization (5 EC)
ECO - Microeconomics - Industrial Organization (5 EC)
ECO - Monetary Macroeconomics (5 EC)
ECO - Public Finance (5 EC)
ECO - Trade Policy and Economic Integration (5 EC)
ED&G - Capital Structure and Financial Planning (5 EC)
ED&G - Econometrics for ED&G (5 EC)
ED&G - Economics of Banking (5 EC)
ED&G - Empirical Research Paper for ED&G (5 EC)
ED&G - Global Development Studies (5 EC)
ED&G - Growth, Institutions and Business (5 EC)
ED&G - Matrix Analysis and Optimization (5 EC)
ED&G - Microeconomics - Industrial Organization (5 EC)
ED&G - Monetary Macroeconomics (5 EC)
ED&G - Philosophy and Ethics of Business (5 EC)
ED&G - Trade Policy and Economic Integration (5 EC)

In the third year, you will take a minor. You can choose from: a minor offered by your own degree programme, a minor from a different faculty of the University of Groningen or a minor that involves studying abroad for a full semester – be that in Europe, Latin America, Australia, Canada, China, the USA or elsewhere in the world. At the end of the third year, you will write your Bachelor's thesis.

CoursesCourse Catalog >
BE - Bachelor's Thesis (10 EC)
BE - Corporate Finance (5 EC)
BE - Faculty Minor or University Minor or Foreign Minor (study abroad) (30 EC)
BE - Financial Statement Analysis (5 EC)
BE - Intermediate Asset Pricing (5 EC)
BE - Marketing Research (5 EC)
ECO - Bachelor's Thesis (10 EC)
ECO - Faculty Minor or University Minor or Foreign Minor (study abroad) (30 EC)
ECO - Intermediate Macroeconomics (5 EC)
ECO - Intermediate Microeconomics (5 EC)
ECO - Labour Economics (5 EC)
ECO - Political Economics (5 EC)
ED&G - Bachelor's Thesis (10 EC)
ED&G- Faculty Minor, University Minor or Foreign Minor (study abroad) (30 EC)
ED&G - Globalization and Sustainability (5 EC)
ED&G - Globalization - MNE's & Institutions (5 EC)
ED&G - Growth and Development Economics (5 EC)
ED&G - International Financial Markets (5 EC)
Programme options
Business Economics (profile)

What is the best way to run an organization? In the profile Business Economics, you learn to understand decision-making within an organization from an economic point of view.

The Business Economics profile offers a high-quality practical and theoretical academic foundation for any profession within the field. The focus is on core subjects from Business Economics: finance, accounting, marketing, operations and logistics and human resource management. In addition, you will get a firm base in general economic theory. Via this combination of Business and Economics courses, you learn to view the functioning of organizations from an analytic, microeconomic as well as a macro- and international economic point of view. You also receive ample training in mathematics, statistics, applied econometrics, and research skills in order to be able to do individual academic research in Business Economics. In addition, you develop your academic writing skills by writing several theoretical and empirical papers and, finally, the Bachelor's thesis.

Economics (profile)

Are you interested in economic and social problems? Then the Economics profile may be the perfect choice for you.

Economists develop models to obtain an understanding of economic phenomena. They look at economic data, try to make sense of it and explain its implications. Economics is a way of looking at the world. As such, the number of applications is almost limitless. Therefore, in this profile, a wide range of topics is addressed, like banking, fiscal and monetary policy issues, the origins of economic growth, decisions made by consumers on markets, and strategic behavior and competition between firms on markets. The Economics profile offers a high-quality practical and theoretical foundation for any profession in this field. The focus on both theory and practice prepares you for professional life. You will learn about general economic theory and take core courses in both Macroeconomics and Microeconomics. A crucial part of the curriculum is devoted to studying economic problems with statistical data from real life. When you are writing your Bachelor's thesis, you will use this skill.

Economic Development and Globalization (ED&G) (profile)

How is economic development initiated and maintained? Which threats and opportunities arise as a result of economic globalization?

If you are interested in these types of questions, this profile is the perfect fit for you. In the last decades, millions of people have been lifted out of poverty in many developing countries. Development Economics deals with the theories, policies and patterns underlying this process. It also seeks to analyze why some regions of the world have managed to develop successfully, while other regions are struggling. At the same time, the world has become increasingly integrated by international trade and capital flows. This has major consequences for e.g. labor markets, internationalization decisions of firms and environmental sustainability, but also for the determinants of international capital flows, exchange rates and financial crises. The ED&G profile gives you the tools to understand the process of economic development and globalization. The core of the profile consists of courses in both Development Economics and International Economics. In your Bachelor's thesis, you will investigate a problem related to one of these topics.

Study abroad

  • Study abroad is optional

Study load of 30 EC.

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); the University Language Centre test score B2 (all parts). (The Language Centre English Test will not be offered until at least 1 September 2021).

  • academic propedeuse

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

Choice of degree programme check

The degree programme will organize a matching procedure. 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.

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. Read more about the matching procedure.

More information on the steps to apply .

Selection procedure

.

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202301 September 2023
EU/EEA students01 May 202301 September 2023
non-EU/EEA students01 May 202301 September 2023

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 www.rug.nl/matching

Admission requirements

Specific requirementsMore information
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 B2 First, C1 Advanced or C2 Proficiency (overall score 169, Speaking 169, Writing 162).

  • ETS is offering the TOEFL tests as an online option to take from home worldwide. Please check their website for more 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 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.

More information on how to apply.

Selection procedure

.

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202301 September 2023
EU/EEA students01 May 202301 September 2023
non-EU/EEA students01 May 202301 September 2023
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2022-2023€ 2209full-time
non-EU/EEA2022-2023€ 10189full-time

Practical information for:

After your studies

Graduates continue their studies with a Master's degree in various fields such as finance, economics, and economic development and globalization.

Job prospects

A Master's degree in Finance offers career opportunities in corporate finance, corporate governance, financial markets and portfolio management, with job opportunities at multinationals such as PwC, Google, Coca-Cola, or Toyota.

A Master's degree in Economics grants you access to the world of banking or the government sector, where you could help develop economic policy. A Master's degree in Economic Development and Globalization opens the gateway to multinationals, intergovernmental institutions or international organizations. All of these degrees could help you become an analyst for a research institute, consulting firm or university.
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. The Faculty of Economics and Business is internationally accredited and belongs to the 1% of business schools around the world accredited by both EQUIS and AACSB.

FEB Career Services
When you become a student at the faculty, we want to support you in developing your career and strengthen your employability skills. You can count on a dedicated on-campus Career Services team offering you a wide range of courses, workshops, events and career-related support during your studies. Everything you need to enter the labour market.

Job examples

  • Financial or Asset Manager

    A Master's degree in Finance offers graduates attractive career opportunities in many different areas. You could end up as a financial or asset manager. Or maybe corporate governance, risk analysis or stock trading is your thing. You will be ready to start work at multinationals such as PwC, Google, Coca-Cola or Toyota. Studying Finance will open a wide range of opportunities for you.

  • Analyst or Financial Advisor for banks

    A Master's degree in Economics may lead you to the world of banking, where you might become an analyst or financial advisor, or you could work in the policy department of a central bank, perhaps analyzing the impact of monetary and economic policy. You might choose the government sector, beginning in an advisory role and moving on to a management position. You could help develop important socio-economic programmes and devise ways of administering them.

  • Expert in Economic Development and Globalization

    A Master's degree in Economic Development and Globalization will provide you with the credentials to work for a multinational or any kind of governmental institution or international organisation. You might become an analyst for a research institute, consulting firm or university.

Research

Linking education to research and career preparation

Our education is strongly rooted in business practice and society. Also right from the start of your degree programme attention is paid to academic research and professional development. Since an 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.

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

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Contact

Learn about the economic impact of a globalized world

I chose this programme because it allowed me to touch upon some main economic subjects such as Microeconomics and Macroeconomics but also on topics like Philosophy and Business Ethics. I particularly like that I could pick a specialization - ED&G - where I learned about the economic impact of a globalized world and how decisions and policies are made within such an environment. The lectures and tutorials enhance the learning process and make it easier to structure the theory and put it into practice.

(BSc EBE student Karishma Hiro Ramchand)

Read more

The structure of the programme is unique

Groningen is the closest I have ever seen to a perfect student city. Everything from its atmosphere, affordability alongside its social and cultural offerings make it an incredible place to study. I was very impressed that the programme offered opportunities to focus on areas such as economic development and globalisation at an undergraduate level. The sheer depth of the material the course covers exceeds all my expectations. In the beginning, the mathematical level seemed difficult to me but thanks to the engaging manner, the course is taught I am able to manage it. The lecturers, as well as the tutorial teachers, always make sure that we understand the material and give us the opportunity to ask questions at all times.

(BSc EBE student Jack Butterly)

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Alumni ambassador - Irene Omole

The University of Groningen has a great reputation, but also the University provides very interesting bachelor programs. The bachelor degree is a mixture of economics and international business, which was the reason I was convinced of studying in Groningen. Furthermore, the city is convenient to live in because everything you need is a maximum of 15 minutes away by bike. It is fascinating how no one is the same here, but everyone is open-minded to each others stories and that's what I like. Read the full interview with Irene Omole, alumni ambassador USA.

Read more

Study associations

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 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.

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 advisers 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. You will follow most tutorials with the same group. 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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