| 1 | Applied Microeconometrics | EBM110A05 |
| This course provides a thorough understanding of microeconometric methods. During the course applications of the different methods are discussed mainly in the fields of consumption (saving) behavior, labor economics, industrial organisation and financial economics. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. R.J.M. Alessie | | Docent(en) | prof. dr. R.J.M. Alessieprof. dr. T.J. Wansbeek | | Onderwijsvorm | ►computer practicum, ►interactief hoorcollege | | Toetsvorm | ►groepsopdracht, ►individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | Econometric theory and methods
Econometric inference | | Opmerkingen | Info: Prof. Rob Alessie, phone: +31(0)50 36 37240, e-mail: r.j.m.alessie@rug.nl
Secretary: Kimberley Vudinh, k.m.vudinh@rug.nl, room 5411.0734 |
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| 2 | Asset and Liability Management | EBM111A05 |
| The total invested assets of pension funds and insurance companies worldwide adds up to almost $65 trillion. In this course we discuss how these long term institutional investors set their strategic asset allocation (SAA) using Asset Liability Management (ALM) models. We discuss ALM both from an academic and from a practical perspective. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. E.L. Kramer | | Docent(en) | dr. E.L. Kramer | | Onderwijsvorm | ►gastcollege , ►hoorcollege | | Toetsvorm | ►groepsopdracht, ►groepspresentatie, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Affinity with math, statistics and finance. | | Opmerkingen | Info: Dr Bert Kramer, e-mail: e.l.kramer@rug.nl.
Secretary: Martine Geerlings-Koolman, phone: +31(0)50 36 37018, e-mail: m.a.koolman@rug.nl. |
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| 3 | Behavioural Finance & Personal Investing | EBM806B05 |
| Behavioral Finance (BF) is a new development in the field of finance, which has been going on for more than two decades now. This development has not only affected academic finance, but has also gained profound interest from practitioners, in particular in the field of investments. In BF, empirical phenomena are being analyzed in terms of behavioral characteristics. In doing so, it explicitly deviates from the rational decision-making approach of financial economics. In this course we will focus mainly on individual investor psychology and behavior and contrast it with the neo-classical approach. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. M.M. Kramer | | Docent(en) | dr. M.M. Kramer | | Onderwijsvorm | ►hoorcollege | | Toetsvorm | ►individuele opdracht, ►schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | Students have a bachelor in Economics or Business | | Opmerkingen | Secretary: Grietje Pol, phone: +31 (0)50 363 3685, e-mail: g.pol@rug.nl, room: 5411.0836.
The course literature mentioned in the above is only indicative. The final reading list of the course will be published in due time.
This course is also open for a max of 8 exchange students. |
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| 4 | Competition Policy - Theory and Practice | EBM100A05 |
| In recent years there has been much debate among economists and policy makers about competition policy and the extent of competition on markets. This course discusses in depth parts of the modern theoretical literature on industrial organization theory that underlie the arguments which are used in this lively and challenging debate. Ample attention will be paid to applications of the theory to practical cases. Topics discussed are: market power, market definition, cartels, horizontal mergers, vertical mergers, vertical restraints, abuse of dominant position, monopolisation practices. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. G.T.J. Zwart | | Docent(en) | dr. A. van der Madedr. G.T.J. Zwart | | Onderwijsvorm | ►hoorcollege , ►werkcollege | | Toetsvorm | ►groepspresentatie, ►schriftelijk tentamen (open vragen), ►groepsopdracht | | ECTS | 5 | | Entreevoorwaarden | Open only for MSc Economics students | | Opmerkingen | Secretary: Ellie Jelsema, phone: + 31 (0)50 363 3685, e-mail: e.t.jelsema@rug.nl, room 5411.0836 |
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| 5 | Country Studies | EBM093A05 |
What are the opportunities and bottlenecks for economic development in a country? What are the lessons for government policies? In this hands-on course, you will focus in-depth on the causes and consequences of economic development in a specific country. As part of a small team, you will analyze one particular theme such as the education system, the business environment or the financial sector. Your analysis will be based on academic literature that discusses what makes a successful institution and statistical data sources. The literature on your theme will be introduced in thematic groups with members from other country teams. The analysis of your theme forms one chapter of the final country report.
The insights from the different analyses by the group members are synthesized into a summary chapter to provide useful information for policy makers or multinational firms about the prospects for economic growth and doing business in your country. Together with your team, you will discuss the findings and policy or business recommendations from your report to the lecturers and other course participants.
Your final course grade is based on an individual grade for the chapter you contribute to the country report; a grade for the quality of the feedback you provide to fellow students; a group grade for the summary chapter that synthesizes the other chapters; and a grade for your contribution to a discussion panel. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. R.C. Inklaar | | Docent(en) | prof. dr. R.C. Inklaarprof. dr. B. Losdr. A. Minasyandr. A.C. Steiner | | Onderwijsvorm | ►groepsbegeleiding , ►individuele begeleiding, ►hoorcollege , ►practicum | | Toetsvorm | ►groepsopdracht, ►groepspresentatie, ►individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | Bachelor's degree in Economics and Business Economics or comparable qualification. Builds on knowledge of macroeconomics and economic growth. | | Opmerkingen | Secretary GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0536
Coordinator: r.c.inklaar@rug.nl |
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| 6 | Dependence & Extremes in Risk Management | EBM113A05 |
| The normal distribution is the one most used in theoretical and practical work, because of its tractability. However, it imposes strong restrictions on extremes, and dependence (in the context of multivariate random variables). In this course, we explore alternatives to the distribution, and argue that modern risk management should be focusing on tail behaviour. Also, we treat an alternative way to model dependence between random variables: by specifying the marginal distributions and the dependence structure separately, using copula's. Even though models in risk management provide the leading examples, the methods are widely applicable. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. R.H. Koning | | Docent(en) | prof. dr. R.H. Koning | | Onderwijsvorm | ►hoorcollege , ►interactief hoorcollege | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Opmerkingen | Info: Prof. Ruud Koning, phone +31(0)50 36 37192, e-mail r.h.koning@rug.nl
Secretary: Martine Geerlings-Koolman, phone +31(0)50 36 37018, e-mail m.a.koolman@rug.nl |
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| 7 | Econometric Inference | EBM021A05 |
The course gives an advanced treatment of econometric inferential methods.The course provides feedback on academically written reports about assignments. The topics cover:
• Instrumental Variable Estimation: large-sample testing, bootstrap testing, Durbin-Wu-Hausman testing, nonlinear models,
• Generalized method of moments: GMM for linear models, HAC estimation, nonlinear models, method of simulated moments,
• Maximum likelihood, asymptotic properties, three classical tests, autoregressive errors,
• Multivariate models: SUR model, linear simultaneous equations, maximum likelihood estimation, LIML, FIML, nonlinear models. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. C.H. Hanck | | Docent(en) | dr. C.H. Hanck | | Onderwijsvorm | ►interactief hoorcollege | | Toetsvorm | ►individuele opdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | (Exchange) students should have a solid background in Mathematics, Statistics, and Econometrics at a level comparable to students who completed the BSc EOR. The course is not suited for exchange students who don't have this background. | | Opmerkingen | Secretary: Martine Geerlings-Koolman, phone +31(0)50 363 7018, e-mail m.a.koolman@rug.nl |
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| 8 | Econometric Theory and Methods | EBM835B05 |
The course gives an advanced treatment of econometric methods. Both matrix algebra and computing skills play an important role. The course provides substantial feedback on written reports about assignments. The topics cover:
• Statistical properties of OLS
• Hypothesis testing in linear regression models: exact, large sample, simulation based, power,
• Confidence sets: exact, bootstrap, heteroskedastic-consistent,
• Nonlinear regression: method of moments, NLS, Gauss-Newton regression, heteroskedastic robust testing,
• Generalized least squares: feasible GLS, AR and MA processes, testing for serial correlation, autoregressive errors, specification testing. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. R.H. Koning | | Docent(en) | prof. dr. R.H. Koning | | Onderwijsvorm | ►interactief hoorcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen), ►individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | (Exchange) students should have a solid background in Mathematics, Statistics, and Econometrics at a level comparable to students who completed the BSc EOR. The course is not suited for exchange students who don't have this background. | | Opmerkingen | Secretary: Martine Geerlings-Koolman, phone +31(0)50 363 7018, e-mail m.a.koolman@rug.nl |
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| 9 | Economic Development | EBM095B05 |
| Why are some countries poor and some countries rich? This course will introduce you to the debate about strategies for sustained growth and development in today's world. Global economic growth has been rapid since the 1950s, but uneven across countries and major challenges to growth have appeared in the last decade. What were successful growth strategies in the past? Which policies have contributed to this success? What are the new growth challenges ahead at the regional and global level and how can we cope with these? Based on the explanatory growth framework of Angus Maddison we delve into the possibilities of generating development. We discuss new global trends that provide both opportunities and challenges for growth and development, and end the course with an evaluation of possible policy options against this background. This will be done by in-depth study and discussion of major articles in this field. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. G.J. de Vries | | Docent(en) | dr. G.J. de Vriesprof. dr. R.C. Inklaar | | Onderwijsvorm | ►hoorcollege , ►werkcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | BSc Economics, important note: intermediate-level knowledge of Economic Growth or Development Economics is needed. | | Opmerkingen | Secretariat GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0538
Coordinator: g.j.de.vries@rug.nl |
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| 10 | Economic Evaluation in Healthcare | EBM196A05 |
| Policy makers have to decide whether to include new evidence-based technology in the basic insured package. Economic Evaluation in Healthcare is supportive to these policy makers. This course offers economic perspectives on innovations in healthcare. Patients who need care expect that this care is available in order to prevent, cure or alleviate symptoms. In addition, patients expect that the price of care is related to the expected health outcomes. The rising healthcare costs due to new technological possibilities may jeopardize the needs in other public sectors such as the education, culture, safety and defence sectors. In a context of uncertainty and scarcity, there is a high need for decision making based on valid information about health gain and costs. A course about Economic Evaluation in Healthcare provides students contemporary insights about improving the decision making on new healthcare technologies. |
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| 11 | Economic Geography | EBM094A05 |
| The geo-economic map of the world changes constantly. Globalization has led to a rapid increase of these changes in the location decisions of firms. This course aims to provide students with a better understanding of the resulting changes in the geo-economic patterns of the uneven distribution of economic activity over space and the underlying strategic decision of firms to re-locate in (or offshore to) knowledge intensive clusters of economic activity. We discuss key theories and empirical evidence to understand these changes and, subsequently, discuss the firm level drivers of these changes. |
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| 12 | Economic Growth in History | EBM101A05 |
| The aims of this module are to provide at an advanced level the sources and methods of quantitative economic history, together with a review of some major findings of economic historical research of interest to economists. This course deals with selected issues during the period of modern economic growth that is, from the industrial revolution until the present time. Within this time frame a comparison will be made between the nature of the growth process in Western Europe during the 19th and the 20th century and that of the post-World War II experience of the East Asian and Latin American countries. The course will address the issue of transferability or replicability of the European experience under different institutional and social conditions. Important questions include: How did globalization begin? When and why did it lead to development or underdevelopment, did it play a role in the great divergence in income between the West and the rest of the world. What was the impact of colonialism and free trade on these regions. What lessons does history teach to countries that want to catch up to the West today? The course focuses on important topics related to modern economic growth: technological progress / general purpose technologies, historical institutional analysis, globalization and the historical geography of economic development and Divergence Big Time: Economic growth since 1870. Students should achieve an understanding of both how economic historical research can be used to shed light on the current state of the economy and how economic analysis can sharpen our understanding of history. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. J. Bolt | | Docent(en) | dr. J. Boltprof. dr. H.J. de Jong G. Lecce, PhD. | | Onderwijsvorm | ►individuele begeleiding, ►interactief hoorcollege | | Toetsvorm | ►groepsopdracht, ►individuele opdracht, ►individuele presentatie | | ECTS | 5 | | Entreevoorwaarden | Introductory bachelor course in Economic History or Development Economics (level: E. Helpman, The Mystery of Economic Growth, London, 2004; David N. Weil, Economic Growth, Singapore, 2009; C.I. Jones, Introduction to Economic Growth, London, 2002; K.G. Persson, An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present, Cambridge, 2010). | | Opmerkingen | Info: Dr Jutta Bolt, e-mail j.bolt@rug.nl
Secretary Kim Beute, phone +31(0)50 3637018, e-mail k.beute@rug.nl, room 5411.0734 |
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| 13 | Economics of Regulating Markets | EBM148A05 |
| The central theme of the course is: how do energy markets, in particular electricity and gas markets, function and how can this be improved by governments (regulators). The functioning of energy markets differs from many other sectors because of the economies of scale of the networks, resulting in natural monopolies, the importance of network balance, the societal objective to radically change the nature of the energy industry (i.e. energy transition) and the fact that energy is a basic commodity which is needed by everyone. Topics to be discussed are among others: how to determine the tariffs that an operator of an electricity network is allowed to charge on users of the infrastructure? How to implement competition in the energy industry, both on wholesale level and retail level? To what extent need the energy markets be changed because of the energy transition in which conventional plants are replaced by renewable sources (as wind and solar)? Knowledge of economics of regulating market is useful for positions within regulated companies (TenneT, Gasunie, etc.), companies using regulated infrastructures (in particular large energy users), governments (national, EU), regulatory bodies (ACM, ACER, etc.) and consultancies (PWC, Oxera, etc.). The course not only deals with the economic theory behind the regulation of markets, but also applies this theory to real-life problems in energy markets. The course consists of lectures and tutorials every week. Each week we discuss a specific topic. We start by discussing the question why some markets, in particular energy markets, need regulation and others not, Then, we discuss how the government could regulate these markets. These first meetings are meant to give the students some theoretical background in economic regulation. Afterwards, we discuss key issues in the daily practice of regulation: benchmarking on efficiency and the determination of the the appropriate reward (i.e. the WACC) on capital which is invested in the network. These questions are highly important for regulated firms as it affects how much profit they are allowed to make and to which extent they are able to finance the investments. Then, we go into in the question how to implement competition in energy markets. We discuss the design of electricity and gas markets on wholesale level and how these markets become more integrated on an international level. We also pay attention to how environmental regulation (like emissions trading and subsidies for renewables) affects the electricity sector/market. In the final meeting, we pay attention to the retail energy market, discussing how competition can be implemented in markets where the demand is affected by factors like (perceived) switching costs and trust retailers. Every week there will be assignments, which are discussed in the tutorials based on presentations by students. In addition, there will be a few extra meetings where we recap the material of the first weeks. This course is part of the focus area 'Energy'. When you focus your MSc on energy subjects you will be awarded an official acknowledgement on your diploma, improving and broadening your career opportunities in the energy sector. Prerequisites are mentioned in the Teaching and Examiniation Regulations: 'Focus areas in the master programmes'. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. M. Mulder | | Docent(en) | prof. dr. M. Mulder | | Onderwijsvorm | gecombineerde hoor-/werkcolleges | | Toetsvorm | ►groepsopdracht, ►groepspresentatie, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open to all MSc students, but students are recommended to have some background in microeconomics and finance. | | Opmerkingen | Info: Prof. Machiel Mulder, e-mail machiel.mulder@rug.nl
Secretary: K. Beute; e-mail k.beute@rug.nl, room 5411.0734, phone +31(0)50 3637018 |
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| 14 | Emerging Markets (MSc) | EBM085A05 |
The course provides a nuanced perspective on doing business in countries such as Brazil, Russia, India and China. Primary emphasis is on,
>recognizing the uniqueness of the context characterizing the business environment in these economies, and
>how the context then shapes the nature and behavior of firms.
From an academic perspective, the course introduces students to recognizing and evaluating the assumptions and limitations of popular theories and frameworks, originally developed and applied in the context of developed economies. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. S.R. Gubbi | | Docent(en) | L. Gedr. S.R. Gubbi | | Onderwijsvorm | hoor- en werkcolleges | | Toetsvorm | ►groepsopdracht, ►individuele opdracht, ►schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | > Student is physically available at all times during the conduct of the course until the course grades are announced.
> Student is able to work in a multi-cultural, multi-racial, gender-neutral group that is randomly organized.
> Student has prior knowledge and understanding of international business and multinational working environment. > Student is able to read, comprehend and analyze academic case studies and company annual reports. | | Opmerkingen | Secretariat GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0536 |
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| 15 | Empirical Macroeconomics | EBM102A05 |
| This course deals with two topics of empirical macroeconomics: vector autoregressions capturing interdependencies among multiple time series, and spatial econometrics capturing interaction effects among cross-sectional units, such as regions or countries. The literature consists of journal articles which will be announced at the start of the course. Students need to do one case study (assignment) in one of the two areas, depending on their professional orientation. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. J.P. Elhorst | | Docent(en) | prof. dr. J.P. Elhorstdr. G.H. Kuper | | Onderwijsvorm | ►hoorcollege , ►werkcollege, ►computer practicum | | Toetsvorm | ►individuele opdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open only for MSc Economics students | | Opmerkingen | Students have to work with standard statistical software packages.
Info: Prof. Paul Elhorst, e-mail j.p.elhorst@rug.nl, room 5411.0710
Secretary Kim Beute, phone +31(0)50 3637018, e-mail k.beute@rug.nl, room 5411.0734 |
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| 16 | Empirical Methods of Economics | EBM103A05 |
| The course covers modern econometric methods on the basis of an intermediate textbook. The technique of regression will be discussed, as well as various extensions of this estimation method in order to deal with issues such as endogenous regressors, non-linear models (e.g. probit, logit, tobit), and the analysis of panel data. The students have to complete assignments that require the use of the econometric software package STATA. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. V. Angelini | | Docent(en) | prof. dr. V. Angelini | | Onderwijsvorm | ►computer practicum, ►hoorcollege | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open only for MSc Economics students. Basic knowledge of calculus, linear algebra, and statistics and econometrics is required. Appendices A, B of Verbeek (2017) succinctly summarize the required knowledge. | | Opmerkingen | Coordinator: Dr Viola Angelini, v.angelini@rug.nl
Secretary Grietje Pol, phone +31(0)50 3633685, e-mail g.pol@rug.nl, room 5411.0836 |
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| 17 | Energy & Finance | EBM166A05 |
This is a course in the MSc Finance which focuses on energy risk analysis and management. Almost all methods that are developed and used in financial market analysis can be used in energy markets as well. However, we concentrate on two general methods in particular and aim to deepen their understanding. These are real option analysis and energy instruments and derivatives. Firstly, real option analysis uses the mathematical methods of derivatives pricing to analyze the value of various types of flexibilities in (real) investment projects. The real option analysis so far has only remotely been touched upon in the finance curriculum and is perfectly suitable to apply in the valuation of energy projects. Secondly, we delve into energy risk management as, in energy markets, many risks are related to underlying cost structures and the characteristics of volatility of prices. Power prices for instance are related to the price of the fuels and to carbon prices. Some ‘fuels’ like wind and solar energy are intermittent whereas other aren’t. Power companies and (industrial) companies will be using different mixes of energy in their business. This suggests integrated risk management is required. In the course Energy & Finance, we investigate how to assess the exposure of firms to a variety of energy risks regarding both their costs and revenues and study the management strategies regarding these risks.
This course is part of the focus area 'Energy'. When you focus your MSc on energy subjects you will be awarded an official acknowledgement on your diploma, improving and broadening your career opportunities in the energy sector. Prerequisites are mentioned in the Teaching and Examination Regulations: 'Focus areas in the master programmes'. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. G.T.J. Zwart | | Docent(en) | drs. M.E. Helmantelprof. dr. M. Mulderdr. G.T.J. Zwart | | Onderwijsvorm | ►hoorcollege | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | The course is mathematical in nature. Students are strongly recommended to have mathematical skills and background in finance comparable to those acquired in a minor in Finance or equivalent program. | | Opmerkingen | Secretary: Ellie Jelsema, e-mail: e.t.jelsema@rug.nl, room 5411.0836, phone: +31(0)50 3633685 |
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| 18 | Energy Transition & Innovation | EBM167A05 |
The shift towards renewable energy requires innovation in technologies and social behavior. The energy industry has changed and is changing dramatically. Once an oligopolistic structure, the industry is rapidly changing and incumbent businesses face threats from disruptive innovation. Similarly, newcomers face high levels of uncertainty about future demand, technological trajectories, and governmental policies. What does this mean for the established players and new start-ups? And what is the role of renewable energy innovation to be competitive in this industry? The purpose of this course is to give students an advanced understanding of these topics, using current academic research on strategy and innovation, to understand how collaboration and innovation can be used in this industry to adjust to change. We consider the complex transition towards sustainable energy, and will focus on the role of government-industry and industry-industry collaborations. In the process, students gain knowledge about how to realize and align partnerships in the transition of traditional (fossil fuels) to more sustainable sources of energy (wind, solar, biomass, tidal power).
This course is part of the focus area 'Energy'. When you focus your MSc on energy subjects you will be awarded an official acknowledgement on your diploma, improving and broadening your career opportunities in the energy sector. Prerequisites are mentioned in the Teaching and Examiniation Regulations: 'Focus areas in the master programmes'. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. K.J. McCarthy | | Docent(en) | dr. K.J. McCarthydr. B.C. Mitzinneckdr. F. Noseleit | | Onderwijsvorm | ►gastcollege , ►interactief hoorcollege , hoor- en werkcolleges | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | General requirements for admittance to the MSc | | Opmerkingen | Secretary: room 5411-0434, phone +31(0)50 363 4303 |
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| 19 | Fin. & Econ. Org. of Healthcare Markets | EBM194A05 |
| This course incorporates an advanced perspective on the economics behind organizations operating in the health and healthcare sectors. We recap the individual decision to buy health insurance and discuss the social benefits and costs arising from its provision. We explain why health insurance markets may fail, and solutions that may arise to obviate such market failure. We then discuss major actors in health and healthcare markets: physicians, hospitals, and the pharmaceutical industry. We examine how principal-agent problems characterize the patient-physician relationship. We examine funding methods for hospitals and their impact on physician's incentives. We finally examine the role of the pharmaceutical industry in researching and developing new health technologies and treatments, as well as the process of getting drugs to market. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. U.C.P. Schneider | | Docent(en) | H.H. Dijk, MSc.dr. U.C.P. Schneider | | Onderwijsvorm | ►hoorcollege , ►werkcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Opmerkingen | Secretary: Grietje Pol, g.pol@rug.nl, phone +31 (0)50 3633685, room 5411.0836 |
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| 20 | Games and Industrial Organization | EBM104A05 |
| The course first discusses a number of equilibrium concepts from noncooperative game theory. It focuses on concepts used in contemporary microeconomic theory, in particular in the field of Industrial Organization. Next, the course discusses in detail advanced models of cartel behavior based on repeated games. Finally, it discusses advanced game-theoretic models of predatory pricing. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. L. Schoonbeek | | Docent(en) | prof. dr. L. Schoonbeek | | Onderwijsvorm | ►gastcollege , ►interactief hoorcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open only for MSc Economics students | | Opmerkingen | Coordinator: Prof Bert Schoonbeek, l.schoonbeek@rug.nl
Secretary Kim Beute, phone +31(0)50 3637018, e-mail k.beute@rug.nl, room 5411.0734 |
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| 21 | Health Economics and Policy | EBM195A05 |
This course incorporates an advanced perspective on the application of economic principles to analyse health and healthcare.
We recap and critique the dominant economic model (the “Grossman model”) of individual decision-making with regard to health, highlighting both general problems and problems specific to particular aspects of health, such as mental health.
We then consider areas where health economics can inform public policy with regard to health specifically. and how such policy may respond in the future to demographic pressures. We finish by considering how poorer countries face different policy questions. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. J.O. Mierau | | Docent(en) | R.D. Freriks, MSc.prof. dr. J.O. Mierau | | Onderwijsvorm | ►werkcollege, ►hoorcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Opmerkingen | Info: Jochen Mierau e-mail: j.o.mierau@rug.nl
Secretary: Grietje Pol, e-mail: g.pol@rug.nl, room 5411.0836, phone: +31 (0)50 363 3685 |
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| 22 | Inclusive Finance | EBM069B05 |
| The course is designed for MSc students with a background in (business) economics. The focus is on the role of finance in the process of development in developing countries, with a strong focus on microfinance and financial inclusion. The basis for the course consists of theories on financial development and the economics of microfinance which are applied to developing countries. Attention is paid to the opportunities and limitations of financial institutions in developing countries in general, and microfinance institutions in particular. Questions regarding the functioning and performance of (rural) financial markets in the context of developing economies are raised and discussed. Specific topics include: Finance and Development; Finance and Inequality; the role of the state and why to intervene in credit markets?; the economics of microfinance; techniques to measure impact of financial interventions. The course contains main lectures, guest lectures and group oral presentations by students. The course is part of the focus area on finance and development together with the course “international finance and development”. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | NN | | Docent(en) | Guest Lecturer(s)dr. A.M. Mueller | | Onderwijsvorm | ►gastcollege , ►hoorcollege , ►werkcollege | | Toetsvorm | ►groepspresentatie, ►schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | The course is open for all students with a Bsc in business or economics. | | Opmerkingen | The course can be followed as an elective for the different master programmes within the Faculty of Economics and Business and is open for a max of 8 Exchange Students.
The course is part of the focus area on finance and development together with the course International Finance and Development (EBM207A05).
Secretary: Grietje Pol, phone +31 (0)50 3633685, e-mail: g.pol@rug.nl, room 5411.0836 |
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| 23 | International Banking and Finance | EBM096A05 |
| In this course we study internationally operating banks and other financial institutions from an institutional, evolutionary perspective, and with attention to their impacts on the economy. We start by studying money, credit and banking. We study consequences for the economy’s growth and stability. We take a balance sheet approach to understanding each topic. Study materials include online lectures, empirical academic articles and policy papers. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. D.J. Bezemer | | Docent(en) | prof. dr. D.J. Bezemer Guest Lecturer(s) | | Onderwijsvorm | ►hoorcollege , ►werkcollege | | Toetsvorm | ►computer test/wekelijkse quiz, ►individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | Intermediate quantitative methods, intermediate micro economics, intermediate macro economics, basic banking, accounting. Knowledge of econometrics (OLS, fixed effect models, limited dependent variable models) is recommended. | | Opmerkingen | Secretariat GEM: e-mail gem.feb@rug.nl, room 5411-0534 |
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| 24 | Macroeconomics for MSc Economics | EBM836C05 |
| Topics studied include, growth theory, intertemporal macroeconomic theory, and intergenerational macroeconomics. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. B.J. Heijdra | | Docent(en) | prof. dr. B.J. Heijdra | | Onderwijsvorm | ►hoorcollege , ►werkcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open only for MSc Economics students | | Opmerkingen | Info: Prof Ben Heijdra, b.j.heijdra@rug.nl
Secretary Kim Beute, phone +31(0)50 3637018, e-mail k.beute@rug.nl, room 5411.0734 |
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| 25 | Master's Thesis Economics | EBM877A20 |
| Students write a research paper during a period of 3-5 months. This paper covers at least one subject within Economics as defined by the main themes of the Journal of Economic Literature. Students have to register for this “course”, which starts with an introductory lecture in the first week of semester 1 or semester 2. The paper needs to be finished before the end of the semester and has to be defended during an oral exam. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. R.M. Jong A Pin | | Docent(en) | dr. R.M. Jong A Pin | | Onderwijsvorm | ►individuele begeleiding | | Toetsvorm | ►individuele opdracht | | ECTS | 20 | | Entreevoorwaarden | 20 EC within Master Economics. | | Opmerkingen | Info: Dr R.M. Jong-A-Pin, r.m.jong.a.pin@rug.nl
Secretary: Ms K.M. Vudinh, k.m.vudinh@rug.nl, room 5411.0734.
This course is offered in both semester I and semester II.
Detailed information can be found in the brochure "Manual for Master Thesis Economics" posted on Nestor. Students who want to write a combined thesis for the masters of Economics and of Finance need to hand in their proposal to the master thesis coordinator of Economics only and two weeks before the start of the semester. |
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| 26 | Microeconomics of Household Behaviour | EBM106A05 |
| The course will cover intertemporal models of consumption, saving and retirement decisions and review the empirical evidence on these issues. Particular attention will be paid to the question whether people save enough for retirement and to the saving behaviour of older people. Intertemporal choices will be analysed in the context of the life-cycle framework. However, deviations from economic rationality and the standard life-cycle model will also be evaluated. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. R.J.M. Alessie | | Docent(en) | prof. dr. R.J.M. Alessiedr. M. Groneck | | Onderwijsvorm | ►interactief hoorcollege | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | The course also goes into the mathematical details of the models. Students should have a working knowledge of simple constrained optimization problems using the method of Lagrange multipliers. | | Opmerkingen | Coordinator: prof. dr. Rob Alessie, r.j.m.alessie@rug.nl, room 541.0727.
Secretary: Kimberly Vudinh, k.m.vudinh@rug.nl room 5411.0734 |
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| 27 | Models for Short Term Risk Management | EBM114A05 |
| The course considers discrete time models for asset returns over the short run. In particular, ARIMA-ARCH/GARCH models and models used in Extreme Value Theory are presented in both univariate and multivariate settings, and their estimation discussed. Even though the specific focus of the course is modelling risks affecting asset returns, the methods are useful in many other areas of (applied) finance and economics. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | NN | | Docent(en) | NN | | Onderwijsvorm | ►groepsbegeleiding , ►hoorcollege | | Toetsvorm | ►groepsopdracht, ►groepspresentatie, ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Econometrics at BSc level | | Opmerkingen | Secr: Martine Geerlings-Koolman, phone: +3150 36 37018, e-mail: m.a.koolman@rug.nl |
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| 28 | Monetary Policy and Financial Regulation | EBM107A05 |
| The course will discuss the following topics: European Economic and Monetary Union and the European System of Central Banks; European monetary policy (conventional and unconventional); global financial crisis; European debt crisis; European Banking Union; supporting policies needed in an incomplete monetary union, financial systems in the Netherlands, Europe, and worldwide; recent developments in the financial system and their mutual relationships; developments in prudential supervision of banks and other financial institutions; financial crises; macro-prudential supervision; systemic risk and financial stability. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. J.M. Berk | | Docent(en) | prof. dr. J.M. Berk S. Pool, MSc. | | Onderwijsvorm | ►gastcollege , ►hoorcollege | | Toetsvorm | ►schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Open for all Master students | | Opmerkingen | Only available on Friday.
Coordinator: Prof. Jan Marc Berk, j.m.berk@rug.nl
Secretary Grietje Pol, phone +31(0)50 3633685, e-mail g.pol@rug.nl, room 5411.0836 |
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| 29 | Money, Finance and the Economy | EBM164A05 |
There are four modules. In three two-week modules, Students analyze the role of money and banks in the economy, from three theoretical perspectives (Neoklassical, Post-Keynesian, neo-Austrian). In the fourth module, students
experience how theoretical perspective influence policy analysis. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. D.J. Bezemer | | Docent(en) | prof. dr. D.J. Bezemerprof. dr. L.H. Hoogduinprof. dr. E. Sterken | | Onderwijsvorm | ►interactief hoorcollege , ►gastcollege | | Toetsvorm | ►computer test/wekelijkse quiz, ►individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | Admission to the MSc Economics, MSc Finance and/or MSc International Economics and Business. Students need to master undergraduate macroeconomic models. There is a macroeconomics entry test. Note that a management/business/ bachelor will not give you enough grounding for this course. | | Opmerkingen | Secretariaat GEM: kamer 5411-0536 (Duisenberg gebouw), Front Office: kamer 5411-0538, tel.: +31 (0)50 363 3458, email: gem.feb@rug.nl |
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| 30 | Public Economics and Social Policy | EBM108A05 |
This course:
- analyzes the impact of social insurance programs (such as unemployment insurance, disability insurance and health care) and of the tax system on individual behavior, poverty rates and health outcomes.
- discusses (optimal) design of social insurances schemes: trade- off between providing a decent coverage to the population and the existence of moral hazard and adverse selection problems. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | S. Sovago | | Docent(en) | dr. M. Groneck S. Sovago | | Onderwijsvorm | ►interactief hoorcollege | | Toetsvorm | ►groepspresentatie, ►schriftelijk tentamen (open vragen), ►groepsopdracht | | ECTS | 5 | | Entreevoorwaarden | - Open only for MSc Economics students
- Microeconomics at the intermediate level
- Mathematics and statistics at the BSc economics level
- Knowledge of basic econometrics | | Opmerkingen | Secretary: K.M. Vudinh, k.m.vudinh@rug.nl, room 5411.0734 |
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| 31 | Responsible Finance and Investing | EBM071A05 |
| This course focuses on the role of non-financial attributes in production, especially the interaction between financial and social/environmental performance of firms, in particular financial institutions, and the impact of this interaction on finance and investment decisions at the level of these firms and with respect to the investment portfolio. As to financing, it especially is appropriate pricing that will be discussed; as to investing, we investigate the impact of screening on performance. We highlight the costs and benefits of managing non-financial attributes and go into their pricing and into the consequences of inappropriate pricing. Student will be required to work on projects in which they try to come to grips with responsibility in financing and investing. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. L.J.R. Scholtens | | Docent(en) | dr. A. Dalòprof. dr. L.J.R. Scholtens | | Onderwijsvorm | ►hoorcollege , ►werkcollege, ►gastcollege | | Toetsvorm | ►groepsopdracht, ►schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | Students will have a BSc degree in Economics and/or Business, a decent background in Finance & Investing and a keen interest in both Environmental and Social issues and in Banking, Finance and Investing. | | Opmerkingen | Secretary: Ellie Jelsema, phone: +31 (0)50 3633685, e-mail: e.t.jelsema@rug.nl, room 5411.0836 |
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| 32 | Trade, Environment and Growth | EBM097A05 |
| This course (for which some basic knowledge of matrix algebra is indispensable) applies input-output analysis to issues on trade, on environment, and on growth. For the production of commodities and services, industries depend on other industries for their intermediate products. More and more, such linkages between industries cross borders. Input-output analysis is a tool that takes such interdependencies in the production structure into full account. It has been applied to a wide variety of topics, ranging from international and development economics to disciplines dealing with energy and environmental issues. The course will focus on three such topics. Typical questions are the following. How much high-skilled labor in the US is involved in satisfying the demand for cars by households in Australia, reflecting trade in production factors? What is the greenhouse gas footprint of China, or how large are the Chinese exports of greenhouse gas emissions? What percentage of the growth in German GDP between 1995 and 2009 was due to the increased household consumption in the rest of the EU? To analyze these questions, the World Input-Output Database will be used. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. H.W.A. Dietzenbacher | | Docent(en) | prof. dr. H.W.A. Dietzenbacherprof. dr. B. Los | | Onderwijsvorm | ►practicum, ►interactief hoorcollege | | Toetsvorm | ►groepsopdracht, ►tussentijds tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Students with a BSc degree in Economics & Business Economics, Econometrics and Operations Research (or a comparable degree). Some basic knowledge of matrix algebra is indispensable for this course. An indication for a sufficient background is Chapters 15 and 16 in Essential Mathematics for Economic Analysis (4th edition) by Sydstaeter, Hammond and Strom, which is taught in the second year course Matrix Analysis and Optimization. | | Opmerkingen | Secretary: gem.feb@rug.nl, +31 (0)50 363 3458, 5411 0538 |
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