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Education Master's and PhD degree programmes Economics DDM Economics and Economic Analysis
Header image DDM Economics and Economic Analysis

DDM Economics and Economic Analysis

Study economics and economic analysis in Groningen and Santiago and learn to use groundbreaking theoretical knowledge and apply it to help solve the challenges of emerging economies.

Through this double degree master's with Universidad de Chile in Santiago, you will obtain a thorough understanding of the economies, economic policies, strategies, thoughts, and practices of Europe and Latin America. This programme is designed for students who wish to add a comparative perspective to their understanding of key economic issues. What’s more, you will have the chance to study in two distinct cultural contexts and obtain two degrees in only 18 months.

The first year in Groningen, integrates critical thinking, empirical data, and practical applications to provide you with the knowledge and skills you need to make an effect on societies. You will be able to apply economic reasoning to societal issues and policy problems and formulate policy suggestions based on the analysis of empirical facts. After completing your double degree master's programme, you will be able to create concise policy reports with thoughtful analysis and solutions that are supported by data and firmly based on the pertinent economics literature.

Facts & Figures
Degree
MSc in Economics
Course type
Double Degree master
Duration
18 months (90 ECTS)
Croho code
66401
Language of instruction
English
Start
September
Faculty
Economics and Business
Why study this programme in Groningen?
  • You can earn two Master's degrees by studying in Groningen and at a top university abroad - Universidad de Chile in only 18 months. You will learn to add a comparative perspective to economic topics.
  • You will learn from state-of-the-art research articles and use various tools and methodologies to study and propose solutions to a wide range of societal problems.
  • Learn to handle big data empirically, to make analyses, to discover patterns, and to assess the state of the economy through data.
  • The popular Economic Policy Workshop in Groningen gives you a unique opportunity to dive into topics such as entrepreneurship, gender, employment and labor markets, fiscal policy, ethics, responsibility, and sustainability. It focuses on formulating policy advice based on the latest insights from economic research.
  • The programme in Groningen has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
Programme

You start the programme in Groningen by taking courses that provide you with a solid understanding of economic theory, empirical analysis, and policy recommendations. You will delve into topics such as competition policy, energy markets, household behavior, economic growth - also from a historical perspective, inflation, unemployment, fiscal and monetary policy, and the dynamics of international trade. You are being trained to use quantitative methods for analyzing economic data and testing economic theories. Last but not least, you examine the role of economic policy in addressing societal challenges such as family policies, social security and savings for retirement, climate change and the social costs of carbon, social norms, and monetary policy rules. You can choose to follow the fully flexible General Economics Profile or specialize in one of the two topical profiles:
* General Economics Profile - in this profile, you have maximum flexibility to shape your study program. You can concentrate on specific topics or mix-and-match courses according to your own interests.

* Competition and Regulation Profile - we look at economic theory and real-life questions such as, to what extent the design of energy markets needs to be changed because of the transition to renewable energy sources like wind and solar?, how to give incentives to energy producers and consumers to reduce carbon emissions?, and how to regulate or break-up Big Tech firms hindering competition?

* Monetary Policy Profile -you will delve into this crucial topic in the current economic debate. You will engage with subjects like risk-taking at banks, inflation, and financial crises. And, among other things, analyze the role of money and banks from three theoretical perspectives.

Semesters
CoursesCourse Catalog >1a1b2a2b
MSc Economics (60 EC)

You take one semester (July-December) of courses in Santiago, Chile. Potential courses are applied econometrics, growth and economic development, and competition policy and market regulation. Please check the university page for an overview of courses.

Semesters
CoursesCourse Catalog >1a1b
Study at Universidad de Chile, Santiago (30 EC)
Programme options
Energy Transition and Climate Change Focus Area (specialization)

Focus on the serious changes within the energy sector by dealing with issues such as how firms adapt to renewable energy, how the higher taxes are managed during this transition and how to deal with the weather dependent production of energy systems. Gain the knowledge and skills to shape a sustainable future in this evolving energy sector.

More information about this option

Finance and Development (specialization)

Focus on the blended realms of Finance and Development. Explore the dynamic relationship between empowering individuals as micro-entrepreneurs and fostering sustainable growth and engage in the ongoing discussion about the role of financial development in enhancing growth and reducing poverty. Your skills and knowledge will prepare you to contribute to the debates on these topics and to work at national and/or multilateral development banks.

More information about this option

Study abroad

  • Study abroad is required

In this double degree with Universidad de Chile, you spend one semester studying in Santiago de Chile.

Entry requirements

Admission requirements

Specific requirementsMore information
previous education

To be eligible for this Double Degree, you need to start with the University of Groningen MSc in Economics. For the entry requirements of the MSc Economics, see: ► www.rug.nl/feb/MScEconomics

As a student of the RUG MSc in Economics, you can apply for the double degree with Universidad de Chile. Application deadline: 1 December. Start of studies in Chile: August.

other admission requirements

If you have any questions concerning admission, please contact our Admissions Office: https://www.rug.nl/admissions

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

Admission requirements

Specific requirementsMore information
previous education

To be eligible for this Double Degree, you need to start with the University of Groningen MSc in Economics. For the entry requirements of the MSc Economics, see: ► www.rug.nl/feb/MScEconomics

As a student of the RUG MSc in Economics, you can apply for the double degree with Universidad de Chile. Application deadline: 1 December. Start of studies in Chile: August.

certified competences

A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country. For specific scores and exemptions, please see https://www.rug.nl/feb/gmat-gre.

language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); Cambridge C1 Advanced or C2 Proficiency (overall score 176, Speaking 169, Writing 176).

other admission requirements

If you have any questions concerning admission, please contact our Admissions Office: https://www.rug.nl/admissions

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/EEA2023-2024€ 2314full-time
non-EU/EEA2023-2024€ 17800full-time
EU/EEA2024-2025€ 2530full-time
non-EU/EEA2024-2025€ 20800full-time

The tuition fees above are for the one year studying in Groningen. For an estimation of the total tuition fees for the double degree, please see DD fees.

Practical information for:

After your studies

Job prospects

As a graduate, you will be able to apply advanced economic theory and data analysis to understand economic issues related to society at large. The programme trains you for positions in which you can contribute as an economist to decision-making in (inter)national government bodies, public organizations, and the private sector. Think, for example, of private corporations, financial institutions, multinationals, and consultancy firms. You can also work as a researcher in business or with a governmental agency, or use your expertise for journalistic or educational goals.

Job examples

  • Scientific or policy-oriented researcher (DNB, CPB, OECD, IMF)
  • Applied researcher (NEI, TNO and research bureaus)
  • Financial analyst (bank, insurance company)
  • Policy-maker: mainly in large organisations
  • Manager: especially in businesses
  • Lecturer
  • Journalist
Research

Linking education to research and career preparation

Our teachers work on a broad range of topics, show-casting the diversity of topics to which the economic toolkit can be applied:

  • Microeconomics and Market Dynamics: Auctions; Competition in markets, market power, and regulation; Household finance, savings, credit, and consumption; Behavioral economics
  • Macroeconomics and Finance: Monetary policy and theory; Financial stability and banking regulation; Credit market failures
  • Public policy : Environmental policy; Inequality; Government debt and fiscal policy
  • Economic Growth and Development: Economic growth, also from a historical perspective; Development economics and inclusive finance; Evaluations of policies to reduce poverty
  • Labor, Gender, and Education: Labor markets, labor market dynamics; Gender disparities in the workforce, family economics, and how family policies such as parental leave and child care affect labor market choices; Education choices and outcomes and their effect on labor market outcomes
  • Institutional Economics: Institutions, democracy, and elections; Structural reforms
  • Health: Health care provision; Evaluations of the social effects of health policies; Public health; Mental health
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Contact

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/
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Study support

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.