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Education Master's and PhD degree programmes Economics
Header image Economics

Economics

Study economics in Groningen to learn how to apply economic thinking to societal problems and policy issues.

How should competition policy deal with online platforms? What is the right monetary policy in today’s economy? The MSc Economics teaches you how to use modern economics to deal with microeconomic and macroeconomic problems.

You will study economic theories at a high analytical level and learn about the application of theory and research methods to economic practice and policy. Such a combination of rigorous academic thinking with practical application is essential for any professional active in the field of economics, either in policy or research.

In the programme, we offer four possible specializations: Competition and Regulation, Health Economics, Monetary Policy, and Energy. In each specialization, you can still design your own study programme.

Facts & Figures
Degree
MSc in Economics
Course type
Master
Duration
12 months (60 ECTS)
Croho code
66401
Language of instruction
English
Start
February, September
Faculty
Economics and Business
Why study this programme in Groningen?
  • You learn economic theories and tools at a high analytical level, and how to apply these to economic practice and policy.
  • The programme is truly international, being taught entirely in English. The best international textbooks are used in the various courses, students study papers published in prominent academic journals to keep up with the latest developments. Courses are taught by specialists with an international reputation in their field of research and/or a key role in public debates.
  • The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
Programme

The master's starts with the core courses of the programme: Empirical Methods, Macroeconomics, and Games and Industrial Organization. In the second block, you write a paper in which the insights from recent literature are applied to a concrete policy issue. You take a number of electives and finish the programme by writing your MSc thesis.

We offer four possible specializations: Competition and Regulation, Health Economics, Monetary Policy, and Energy. Alternatively, you can design your own study programme.

CoursesCourse Catalog >
Empirical Methods of Economics (5 EC)
Games and Industrial Organization (5 EC)
Macroeconomics for MSc Economics (5 EC)
Master's thesis Economics (20 EC)
MSc Economics Electives A (5 EC)

Economic Policy Workshop, World Economy in Historical Perspective

MSc Economics Electives B (10 EC)

Competition Policy - Theory and Practice, Theory of Monetary Policy, Microeconomics of Household Behaviour, Monetary Policy, Strategy and Operations, Regulating Energy Markets

MSc Economics Electives C (10 EC)

See Ocasys - course catalog for a complete list of electives.

Programme options
Double Degree Master Economic Analysis (Santiago) (specialization)

How do you deal with problems and challenges of emerging economies from an applied perspective?

In this double degree with Universidad de Chile in Santiago, you will gain comprehensive knowledge of the economies, economic policies, strategies, theories and practices of Europe and Latin America. This programme is for students who want to broaden their view on important economic topics by bringing in a comparative perspective.You will obtain two degrees: MSc in Economics (Groningen) and a Master in Economic Analysis (Santiago de Chile). The programme will provide you with a broader view of economic theory and practice. In addition, you will get the opportunity to experience student life in two different cultures with sufficient time spent in each environment to thoroughly understand both cultures. Universidad de Chile is one of the best universities in the Latin American region.The programme trains you to analyse policies and economic decisions, both in public and private areas. Lecturers are experts holding PhD degrees from the best universities in the world (Harvard, MIT, Berkeley, Oxford, Yale and Cambridge). Several have professional experience in international organisations such as the World Bank, the Inter-American Development Bank and the United Nations.

More information about this option

Double Degree Master Chinese Economy and Finance (Shanghai) (specialization)

Are you interested in an international career in or involving China?

Study in Shanghai after your FEB Master's programme in Groningen and gain first-hand knowledge and experience of China and the economy, finance and culture.

More information about this option

Finance and Development (specialization)

Focus your MSc on Finance and Development and open up extra career opportunities.

More information about this option

Energy Focus Area (specialization)

Focus your MSc on Energy and open up extra career opportunities. There are two steps to the Energy Focus Area-

1) complete two of four chosen electives 2) write and round off an MSc thesis on an energy topic

More information about this option

Master Internship (specialization)

Opportunity to gain work experience by doing an internship in the second semester of your study.

You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the third semester.

More information about this option

Study abroad

  • Study abroad is optional
Entry requirements

Transfer options

Transferring from...

Study programmeOrganizationTransition
International BusinessUniversity of Groningen

Deficiency program

More information:

You need to first complete a tailor-made Pre-Master's programme. ​For information, please contact the study advisors: https://www.rug.nl/feb/studyadvisors

Econometrics and Operations ResearchUniversity of GroningenNo additional requirements
Economics and Business EconomicsUniversity of GroningenNo additional requirements
SociologyUniversity of Groningen

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Industrial Engineering and ManagementUniversity of Groningen

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Business AdministrationUniversity of Groningen

Deficiency program

More information:

You need to first complete a tailor-made Pre-Master's programme. ​For information, please contact the study advisors: https://www.rug.nl/feb/studyadvisors

PsychologyUniversity of Groningen

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Econometrics and Operations ResearchTilburg UniversityNo additional requirements
Fiscale EconomieTilburg University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

EconomicsTilburg UniversityNo additional requirements
International Business AdministrationTilburg University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Entrepreneurship and Business InnovationTilburg University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Business AdministrationUniversity of Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Business AnalyticsUniversity of Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Econometrics and Data ScienceUniversity of AmsterdamNo additional requirements
Fiscale EconomieUniversity of Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Actuarial ScienceUniversity of Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Economics and Business EconomicsUniversity of Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Global StudiesMaastricht University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Econometrics and Operations ResearchMaastricht UniversityNo additional requirements
Business AnalyticsMaastricht University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Economics and Business EconomicsMaastricht UniversityNo additional requirements
Business EngineeringMaastricht University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Fiscale EconomieMaastricht University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

International BusinessMaastricht University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Business AnalyticsVU University Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Economics and Business EconomicsVU University AmsterdamNo additional requirements
Econometrics and Operations ResearchVU University AmsterdamNo additional requirements
Econometrics and Operations ResearchVU University Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

International Business AdministrationVU University Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Business AdministrationVU University Amsterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Economics and Business EconomicsRadboud University NijmegenNo additional requirements
Business AdministrationRadboud University Nijmegen

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Economics and GovernanceWageningen University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Management and Consumer StudiesWageningen University

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Business AdministrationNyenrode New Business School

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

AccountancyNyenrode New Business School

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Econometrics and Operations ResearchErasmus University RotterdamNo additional requirements
Business AdministrationErasmus University Rotterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

International Business AdministrationErasmus University Rotterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Economics and Business EconomicsErasmus University RotterdamNo additional requirements
Fiscale EconomieErasmus University Rotterdam

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Study programmeOrganizationTransition
Economics and Business EconomicsUtrecht UniversityNo additional requirements
Study programmeOrganizationTransition
Public Administration ScienceLeiden University

Deficiency program

More information:

Profile Economics, Public Administration and management: you might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade.

Computer ScienceLeiden University

Deficiency program

More information:

Profile Informatica & Economie: you might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade.

Study programmeOrganizationTransition
International Business AdministrationUniversity of Twente

Deficiency program

More information:

You might be asked to complete a tailor-made Pre-Master's programme. Read more: https://www.rug.nl/feb/education/study-programmes/pre-msc/tailormade. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Admission requirements

Specific requirementsMore information
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Economics and Business Economics, Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: https://www.rug.nl/feb/apply-msc.

other admission requirements

The information about entry requirements is an indication of your admissibility. Every application will be reviewed individually by the Admissions board so the admission decision may differ from the indication in this table.

Registration procedure

Students with a Dutch diploma can apply directly to Studielink. More information on the steps to apply .

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025
EU/EEA students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025
non-EU/EEA students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025

Admission requirements

Specific requirementsMore information
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Economics and Business Economics, Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: https://www.rug.nl/feb/apply-msc. If you have any questions concerning admission to this programme, please contact our Admissions Office: https://www.rug.nl/admissions.

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.

  • Both GMAT and GRE are now being offered by mba.com and ETS as an online option to take from home worldwide. Please check their websites for more information.
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).

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

Not meeting the pre-education requirements for direct entry? Please read more about our pre-Master programmes .

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.

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025
EU/EEA students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025
non-EU/EEA students01 May 202301 September 2023
15 October 202301 February 2024
01 May 202401 September 2024
15 October 202401 February 2025
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2022-2023€ 2209full-time
non-EU/EEA2022-2023€ 16201full-time
EU/EEA2023-2024€ 2314full-time
non-EU/EEA2023-2024€ 17800full-time

Practical information for:

After your studies

Job prospects

As a graduate, you are able to apply advanced economic theory to analyse economic issues related to society at large. The programme trains you for positions in which you contribute as an economist to decision-making in (inter)national government bodies, public organisations and private corporations such as financial institutions, multinationals and consultancy firms. You can work as a researcher in business or governmental agencies. You can also use your expertise for journalistic goals.

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 strengthening 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

  • 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 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 to.

The lecturers in the MSc Economics have excellent records. Prof. Heijdra is the author of the textbook “Foundations of modern macroeconomics” and prof. Elhorst (not pictured) of “Spatial Econometrics: From cross-sectional data to spatial panels”.

Prof. Berk is the Director of the Department of Economics and Research of the Dutch Central Bank and prof. Mulder is affiliated with the Dutch Authority Consumer and Market as a specialist in the regulation of energy markets. He is currently chairman of the Benelux Association for Energy Economics.

Prof. Schoonbeek's specialization is game theory; he published in the European Economic Review and Public Choice.

Prof. Soetevent is an expert in behavioural economics and has published in e.g. the American Economic Review.

Prof. De Jong is a lecturer in Economic History and has recently been awarded a prestigious € 1.5 million VICI grant to be spent on research into the quality of life indicators and economic growth in the first half of the twentieth century.

Dr. Heijnen specializes in environmental economics and industrial organisation and has many publications in those areas.

Dr. Angelini is a lecturer in Econometric Methods and was elected lecturer of the year 2013 by the students of the Faculty of Economics and Business.

Prof. Alessie published in many prestigious journals and is a specialist in consumer and saving behaviour. Both are also specialists in Stata.

Dr. Kuper is a specialist in macro-econometric modelling and Eviews and is well-known as a predictor of the final medal classification of each Olympics.
Research institute related to the MSc programme: Economics, Econometrics & Finance.

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Contact

The university offers a lot of support

My Master´s programme itself and the good reputation of the University of Groningen made me decide to study Economics here. At times some econometrics can be quite challenging in this programme. The only thing you can do is to invest a lot of time until you understand it. However, the university offers a lot of support. For example, the FEB Career Services can always help you plan your next step. I would like to work for the government and influence policy decisions in the future. I think a lot can be done better and this helps me to work harder for my goals, knowing I may have a real impact later. (Bastiaan Bonnema, Dutch | MSc Economics)

Read more

Related Master's programmes

Did you know you can combine economics with finance in Groningen? Find out more about our MSc Finance.

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
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.