| 1 | Applied Macroeconometrics | EBM109A05 |
| The course discusses topics in applied macroeconometrics. This course consists of two parts. The first part consists of advanced models for analyzing macroeconomic time series data. We address ARIMA, volatility and VAR systems, and deal with forecasting and applications. The second part consists of advanced models for analyzing data that are cross-sectionally dependent. A distinction will be made between local (spatial) dependence and common factors. This is a hands-on course: students have to apply the models and concepts in homework exercises. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. J.P. Elhorst | | Docent(en) | Dr. A. Dalòprof. dr. J.P. Elhorst | | Onderwijsvorm | -individuele begeleiding, -computer practicum, -hoorcollege | | Toetsvorm | -individuele opdracht | | ECTS | 5 | | Entreevoorwaarden | For students in the Research Master in Economics & Business and/or MSc EORAS: Hill, R. Carter, William E. Griffiths, and Guay C. Lim, 2012, 4th edition, John Wiley & Sons Ltd., New York etc.; Verbeek, M., 2012, Econometrics Principles of Econometrics: A Guide to Modern Econometrics, 4th edition, John Wiley & Sons Ltd., New York etc., or equivalent. Software: working knowledge of Excel (or another spreadsheet programme); Eviews or Stata; Matlab, Gauss or R. | | Opmerkingen | Secretary: K. Beute, phone: +31(0)50 363 7018, e-mail: k.beute@rug.nl |
|
| terug naar boven |
| |
| 2 | 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. A.P. van Vuuren | | Docent(en) | M. Kesina, PhD.prof. dr. A.P. van Vuuren | | Onderwijsvorm | gecombineerde hoor-/werkcolleges | | Toetsvorm | -groepsopdracht, -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. | | Opmerkingen | Secretary: Kim Beute, phone: +31(0)50 36 37018, e-mail: k.beute@rug.nl. |
|
| terug naar boven |
| |
| 3 | Asset and Liability Management | EBM111A05 |
| The total invested assets of pension funds and insurance companies worldwide adds up to over $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. |
|
| terug naar boven |
| |
| 4 | 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) | drs. F. Febbrarodr. M.M. Kramer | | Onderwijsvorm | -hoorcollege , -werkcollege | | Toetsvorm | -individuele opdracht, -schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | Students have a bachelor in Economics or Business, or related. | | 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. |
|
| terug naar boven |
| |
| 5 | 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, horizontal mergers, vertical mergers, vertical restraints, abuse of dominant position, monopolisation practices, and Big Tech platforms. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | dr. G.T.J. Zwart | | Docent(en) | prof. dr. M.A. Haandr. G.T.J. Zwart | | Onderwijsvorm | -hoorcollege , -werkcollege | | Toetsvorm | -groepsopdracht, -groepspresentatie, -schriftelijk tentamen (open vragen) | | 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 |
|
| terug naar boven |
| |
| 6 | 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 analyze the causes and consequences of economic development in a specific country. As part of a small team, you will focus on one particular theme such as the education system, trade, the business environment or the financial sector. Your analysis will be based on academic literature and on 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 about the prospects for economic growth in your country. Together with your team, you will analyze growth patterns and discuss the findings and policy recommendations from your report with 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 group grade for a development accounting exercise. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | K.M. Wacker, PhD. | | Docent(en) | Dr. A. MinasyanDr. A.C. Steiner K.M. Wacker, PhD.Dr. R.H.T. Wiese | | Onderwijsvorm | -groepsbegeleiding , -individuele begeleiding, -hoorcollege , -practicum | | Toetsvorm | -groepsopdracht, -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, 5411.0538
Coordinator: k.m.wacker@rug.nl |
|
| terug naar boven |
| |
| 7 | 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 S. Yu | | Onderwijsvorm | -computer practicum, -hoorcollege , gecombineerde hoor-/werkcolleges | | Toetsvorm | -groepsopdracht, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | The course assumes active knowledge of multivariate statistics, and the computer assignments are done in R. | | 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 |
|
| terug naar boven |
| |
| 8 | Econometric Methods | EBM835C05 |
| The course gives an advanced treatment of econometric estimation methods. We cover different estimators (least squares estimator, generalized method of moments estimator, extremum estimators). The discussion encompasses large sample properties and inference. Additionally, computational aspects will be addressed. Mathematical and computational skills play an important role. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | M. Kesina, PhD. | | Docent(en) | M. Kesina, PhD. | | Onderwijsvorm | gecombineerde hoor-/werkcolleges | | Toetsvorm | -schriftelijk tentamen (open vragen), -groepsopdracht | | 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 | Info: Dr. Michaela Kesina, phone: +31(0)50 36 33151, e-mail: m.kesina@rug.nl. Secretary: Kim Beute, phone: +31(0)50 36 37018, e-mail: k.beute@rug.nl. |
|
| terug naar boven |
| |
| 9 | Econometric Tools for Data Analysis | EBM021B05 |
| The course gives an advanced treatment of econometric inferential methods. The emphasis is on settings where linear methods are not necessarily the first choice. A toolkit will be introduced for a range of settings and for a range of possible datasets. The intuition behind the methods will play an important role. Some of this is strongly related to economic reasoning as non-linearities are often motivated by economic theory. The focus is on microeconometrics, that is, the econometric analysis of samples of heterogeneous subjects (individuals, firms, households, schools etc.). The non-linear settings that are discussed include duration (or survival) models, binary outcome models, count data models, and models with truncation or censoring. In addition, the course covers inference on dynamic treatment effects, the combination of different datasets, and some key methods for machine learning with large datasets. Applications will focus on unemployment durations, effects of labor market policy, training and longevity. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. G.J. van den Berg | | Docent(en) | student-assistantsprof. dr. G.J. van den Berg | | Onderwijsvorm | gecombineerde hoor-/werkcolleges | | Toetsvorm | -groepsopdracht, -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 | Info: Prof. Gerard J. van den Berg, e-mail g.j.van.den.berg@rug.nl
Secretary: Martine Geerlings-Koolman, phone +31(0)50 36 37018, e-mail m.a.koolman@rug.nl |
|
| terug naar boven |
| |
| 10 | Economic Development | EBM095B05 |
| Why are some countries poor and some countries rich? This course explores the measurement and analysis of 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, and what are the implications of recent changes to trade and technology? What are the implications for inequality and the sustainability of living standards around the world? We discuss new global trends that provide both opportunities and challenges for growth and development. 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. InklaarDr. S.M. Perez Alvarez | | Onderwijsvorm | -hoorcollege , -werkcollege | | Toetsvorm | -computer test/wekelijkse quiz, -individuele opdracht, schriftelijk tentamen met open vragen | | ECTS | 5 | | Entreevoorwaarden | Intermediate-level of knowledge on theory and empirics of Economic Growth or Development Economics is strongly recommended. | | Opmerkingen | Secretariat GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0538
Coordinator: g.j.de.vries@rug.nl |
|
| terug naar boven |
| |
| 11 | 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. |
|
| terug naar boven |
| |
| 12 | 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. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. S. Brakman | | Docent(en) | prof. dr. S. Brakmanprof. dr. J.H. Garretsen Guest Lecturer(s) | | Onderwijsvorm | -computer practicum, -hoorcollege , -werkcollege | | Toetsvorm | -individuele opdracht, schriftelijk tentamen met open vragen | | ECTS | 5 | | Entreevoorwaarden | Basic knowledge of International Trade Theory and Micro-Economics | | Opmerkingen | Secretariat GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0538 |
|
| terug naar boven |
| |
| 13 | Economic Policy Workshop | EBM224A05 |
| You will pick one of the topics that are offered in this course and, after some introductory lectures, study that topic in depth. You write a literature survey and on the basis of that give policy advice. You present and defend your work. |
|
| terug naar boven |
| |
| 14 | Emerging Markets (MSc) | EBM085A05 |
The course is practitioner oriented and provides a nuanced perspective on doing business in low income, high growth countries (emerging markets) such as Brazil, Russia, India and China. Primary emphasis is on,
1) Recognizing the uniqueness and challenges of the context characterizing the business environment in these economies such as rapidly evolving business environment, underdeveloped infrastructure, bottom of the pyramid consumers, and
2) How the context then shapes the nature and behavior of firms.
From an academic perspective, the course emphasis is on recognizing and evaluating the assumptions and limitations of popular theories and frameworks, originally developed and applied in the context of developed economies.
The course employs real business case studies to assess the relevance of theory in the context of emerging markets and to gain second-hand experience of the thought processes of top managers and CEOs grappling with business related challenges. |
| 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 vragen), actieve deelname | | ECTS | 5 | | Entreevoorwaarden | > 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.
> Student is able to synthesize factual data/information, identify patterns/trends, evaluate a business situation, and effectively communicate orally or in written form.
> Student is familiar and able to extract relevant information from library sources such as Business Source Premier, Lexis-Nexis, and ORBIS database. | | Opmerkingen | Secretariat GEM: gem.feb@rug.nl, +31(0)50 363 3458, 5411.0538 |
|
| terug naar boven |
| |
| 15 | 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 | -hoorcollege | | Toetsvorm | -groepsopdracht, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | 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: Prof. dr. Viola Angelini, v.angelini@rug.nl Secretary: Grietje Pol, g.pol@rug.nl, room 5411.0836 |
|
| terug naar boven |
| |
| 16 | Energy & Finance | EBM166A05 |
This is a course in the MSc Finance which focuses on risk analysis and valuation in the energy sector, with an emphasis on mathematical modelling of these risks. 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 aspects in particular and aim to deepen their understanding. These are real option analysis and energy markets and derivatives. First, real option analysis uses the mathematical methods of derivatives pricing to analyze the value of various types of flexibilities in (real) investment projects. 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 fuels and to carbon prices.
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 related risk management and investment strategies. 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) | prof. dr. M. Mulderprof. dr. L.J.R. Scholtensdr. 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; email e.t.jelsema@rug.nl, room 5411.0836, phone: +31(0)50 3633685 |
|
| terug naar boven |
| |
| 17 | Energy Transition & Innovation | EBM167A05 |
| The energy industry has changed, is changing, and must continue to change, in order to become more sustainable. The transition, however, presents faces a number of challenges, such as: (1) social challenges, for example, in terms of social resistance to the change; (2) business challenges, for example, as both emergent green technologies and polluter incumbents look for ways in which to become financially sustainable in the new environment; (3) policy challenges, for example, as governments look for ways in which to incentivise the transition; and (4) marketing challenges, for example, as once niche ideas about sustainability and environmental protection, are mainstreamed. In this course we will explore each of these challenges, we will reflect upon the business opportunities that each creates, and will consider the supporting role of competition and markets. In the process, students will gain knowledge about the challenges and opportunities presented by the transition. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | Dr. K.J. McCarthy | | Docent(en) | Dr. S. Asad G.H.J. Berends, MSc.Dr. K.J. McCarthyProf. Dr. F. Noseleit | | Onderwijsvorm | -werkcollege, -gastcollege , -hoorcollege | | Toetsvorm | -groepsopdracht, -groepspresentatie, -schriftelijk tentamen (open en mc vragen) | | ECTS | 5 | | Entreevoorwaarden | General requirements for admittance to the MSc | | Opmerkingen | Secretary: room 5411 0434, tel. +31 (0)50 363 4111, e-mail i.b.a.neef@rug.nl |
|
| terug naar boven |
| |
| 18 | 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. A. Bergemann | | Docent(en) | Dr. A. Bergemann H.H. Dijk, PhD. | | Onderwijsvorm | -hoorcollege , -werkcollege | | Toetsvorm | -groepsopdracht, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Opmerkingen | Secretary: Kim Beute, phone: +31(0)50 36 37018, e-mail: k.beute@rug.nl, room 5411.0734. |
|
| terug naar boven |
| |
| 19 | 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 | -interactief hoorcollege , -gastcollege | | 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 |
|
| terug naar boven |
| |
| 20 | 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) | Prof. Dr. J.O. Mierau L. Viluma, PhD. | | Onderwijsvorm | -hoorcollege , -werkcollege | | Toetsvorm | -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Opmerkingen | Info: Prof Jochen Mierau, e-mail: j.o.mierau@rug.nl
Secretary: Kim Beute, e-mail: k.beute@rug.nl, room 5411.0734, phone: +31 (0)50 363 7018 |
|
| terug naar boven |
| |
| 21 | Inclusive Finance | EBM069B05 |
| The course is designed for MSc students with a background in (business) economics. The focus is on the role of financial markets in low-income countries with a strong focus on microfinance and financial inclusion. In this course, we will study why financial markets in low income countries fail to provide access to financial services for the poor, which mechanisms allow to provide these services, and which alternative methods are used by the poor to manage their cash flows, finance investments, and cope with income risks. Both theories on financial development and the economics of microfinance as well as empirical applications in low-income countries will be studied in this course. We look at opportunities and limitations of financial institutions in low-income countries in general, and of microfinance institutions in particular. Specific topics include: finance and development; credit market failures; the economics of microfinance; techniques to measure impact of financial interventions on borrower welfare. 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 | Dr. K. Czura | | Docent(en) | Dr. K. Czura Guest Lecturer(s) K. Saxena, PhD. | | 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.
The course is part of the focus area on finance and development together with the course International Finance and Development (EBM207A05).
Secretary: Ellie Jelsema, phone: +31 (0)50 3633685, e-mail: e.t.jelsema@rug.nl, room: 5411.0836 |
|
| terug naar boven |
| |
| 22 | 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 5411-0538; 0503633458 |
|
| terug naar boven |
| |
| 23 | International Finance and Development | EBM207A05 |
| Globally there is an increasing realization of the need to attract foreign capital and finances for national development in the lower income countries. Foreign financial flows could take the form of foreign direct investment (FDI), foreign equity capital, foreign debt, development aid and increasingly remittances. The impact of capital flows and how best to attract and utilize them, especially in developing countries, remain a crucial policy debate. Moreover, the operations of multilateral and international financial institutions and their protocols are complex. This course deals with the role and impact of external finance for development and the mechanisms for attracting them. It also discusses the dynamics of multilateral institutional arrangements, like the World Bank and the IMF. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | Dr. A. Minasyan | | Docent(en) | Dr. K. CzuraDr. A. Minasyan | | Onderwijsvorm | -gastcollege , -hoorcollege , -werkcollege | | Toetsvorm | -actieve deelname, -groepspresentatie, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Background in Economics and/or Business at BSc level | | Opmerkingen | If MSc Finance students are willing to do a “focus” area in Finance and Development, this course needs to be combined with the Inclusive Finance (EBM069B05) course.
Secretariat: e-mail: gem.feb@rug.nl, phone: +31 (0)50 3633458 |
|
| terug naar boven |
| |
| 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 |
|
| terug naar boven |
| |
| 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. This course is offered in both semester I and semester II and students have to register. Detailed information can be found in the 'Manual for Master Thesis Economics' posted on Nestor. Students can write a combined thesis with Finance but they need to fulfill the requirements of both programs. The course starts with an introductory lecture. The thesis 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. M. Groneck | | Docent(en) | Dr. M. Groneck | | Onderwijsvorm | -individuele begeleiding | | Toetsvorm | -individuele opdracht | | ECTS | 20 | | Entreevoorwaarden | 20 EC within Master Economics | | Opmerkingen | Info: dr M. Groneck, m.groneck@rug.nl Secretary: Helena Lei, h.lei@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. |
|
| terug naar boven |
| |
| 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 | Dr. M. Groneck | | Docent(en) | prof. dr. R.J.M. AlessieDr. M. Groneck A.J. van der Vaart | | Onderwijsvorm | -interactief hoorcollege | | Toetsvorm | -schriftelijk tentamen (open vragen), -groepsopdracht | | ECTS | 5 | | Entreevoorwaarden | The course also goes into the mathematical details of the models. Students should have a working knowledge of
a) simple constrained optimization problems using the method of Lagrange multipliers.
b) Household optimization (Microeconomics)
c) working knowledge of econometrics (OLS, IV) | | Opmerkingen | Coordinator: dr. Max Groneck, m.groneck@rug.nl, room 541.0721. Secretary: Helena Lei, h.lei@rug.nl room 5411.0734, +31 (0)50 3637018. |
|
| terug naar boven |
| |
| 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 | dr. L. Kong | | Docent(en) | dr. L. Kong | | Onderwijsvorm | -groepsbegeleiding , -hoorcollege | | Toetsvorm | -groepsopdracht, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Econometrics at BSc level | | Opmerkingen | Info: Dr. Lingwei Kong, e-mail: l.kong@rug.nl. Secr: Martine Geerlings-Koolman, phone: +3150 36 37018, e-mail: m.a.koolman@rug.nl |
|
| terug naar boven |
| |
| 28 | Monetary Policy, Strategy and Operations | EBM107B05 |
| Transmissiekanalen van monetaire beleidsbeslissingen, (de rol van financiële marktimperfecties bij) reëel-financiële interactie, monetaire beleidsstrategieën, implementatie van monetaire beleidsbesluiten in financiële markten, EMU en het Europese Stelsel van Centrale banken, het monetaire beleid van de ECB (conventioneel en onconventioneel, strategie, implementatie en transmissie, rol van de euro), de financiële crisis van 2007-09, de Europese schuldencrisis van 2010-2013, de beleidsreactie op de pandemie, de Europese banken unie, flankerend beleid in een onvolledige monetaire unie, systeemrisico, financiële (in) stabiliteit. |
| 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 |
|
| terug naar boven |
| |
| 29 | Regulating Energy Markets | EBM148B05 |
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: renewables, hydrogen, electrification) 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 or gas 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 fossil technologies are replaced by renewable sources (as wind and solar)? How to give incentives to energy producers and consumers to reduce carbon emissions?
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. The course starts by discussing the question why energy markets need regulation. 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) can be designed and how this affects the electricity sector/market. We also pay attention to the retail energy market and consumer behaviour, discussing how competition can be implemented in markets where the demand is affected by factors like (perceived) switching costs and trust in retailers.
In most weeks, there will be assignments, which are discussed in the tutorials based on presentations by students. In addition, there will be a few extra tutorials where we recap the material and discuss questions of students. At the end there will be a meeting to discuss the mock exam. This course is part of the focus area 'Energy'. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. M. Mulder | | Docent(en) | prof. dr. M. Mulder | | Onderwijsvorm | -gastcollege , gecombineerde hoor-/werkcolleges, 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 |
|
| terug naar boven |
| |
| 30 | Responsible Finance and Investing | EBM071A05 |
| This course focuses on the role of non-financial attributes in production. In particular, we study the interaction between financial performance and social & environmental performance of firms, in particular financial institutions, and the impact of this interaction on finance and investment decisions. This regards both the firms as such as well as investment portfolios. As to financing, it especially is pricing and risk 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. Furthermore, the role of risk from addressing or ignoring social and environmental performance is studied. Students will be required to work on projects in which they try to come to grips with responsibility in financing and investing. They will experience how to make trade-offs between financial and non-financial performance. Students will analyze and argue about how financial and non-financial performance interact and they will learn how to model this using Matlab. For Finance students, these skills are highly important and sought after. Realize that for us learning is about building the capacity to take effective action. We want our students to understand, to get motivated and to arrive at own ideas and hope regarding sustainable finance. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. L.J.R. Scholtens | | Docent(en) | Dr. A. Dalòprof. dr. L.J.R. Scholtens | | Onderwijsvorm | -werkcollege, -computer practicum, -gastcollege , -hoorcollege | | Toetsvorm | -computer test/wekelijkse quiz, -groepsopdracht, -individuele opdracht | | 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. They are open to learning new skills and an interest in quantitative analysis. | | Opmerkingen | Secretary: Ellie Jelsema, email e.t.jelsema@rug.nl, phone: +31 (0)50 3633685, room 5411.0836 |
|
| terug naar boven |
| |
| 31 | Theory of Monetary Policy | EBM164B05 |
| There are two sections in this course. In the first three weeks students learn the development and diversity of monetary theory since the 1920s. Students analyze the role of money and banks from three theoretical perspectives (New Keynesian, Post-Keynesian and Neo-Austrian). In the second part of four weeks students learn the theoretical aspects of monetary policy. |
| Faculteit | Economie en Bedrijfskunde | | Voertaal | Engels | | Coordinator | prof. dr. E. Sterken | | Docent(en) | prof. dr. D.J. Bezemerprof. dr. J. de Haanprof. dr. L.H. Hoogduinprof. dr. E. Sterken | | Onderwijsvorm | -interactief hoorcollege | | Toetsvorm | -actieve deelname, -individuele opdracht, -schriftelijk tentamen (open vragen) | | ECTS | 5 | | Entreevoorwaarden | Admission to the MSc Economics, MSc Finance and/or MSc International Economics and Business. Students need to master undergraduate macroeconomics. There is a macroeconomics entry test. Note that a management/business/ bachelor will not give you enough grounding for this course. | | Opmerkingen | Secretariat IEEF: room 5411-0734 (Duisenberg building), phone: +31 (0)50 363 7018 |
|
| terug naar boven |
| |
| 32 | Trade, Environment and Growth | EBM097A05 |
| This course (for which 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 | -interactief hoorcollege , -practicum | | Toetsvorm | -groepsopdracht, schriftelijk tentamen met open vragen | | ECTS | 5 | | Entreevoorwaarden | Students with a BSc degree in Economics & Business Economics, Econometrics and Operations Research (or a comparable degree). 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 |
|
| terug naar boven |
| |
| 33 | World Economy in Historical Perspective | EBM101B05 |
| 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 growth processes of different parts in the world are discussed and compared. The course will address the issue of transferability or replicability of the Western experience to other regions 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: Global 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 | prof. dr. J. Bolt | | Docent(en) | prof. dr. J. Bolt G. Lecce, PhD. | | Onderwijsvorm | -individuele begeleiding, -interactief hoorcollege , groepsbegeleiding | | Toetsvorm | actieve deelname, essay, verplichte aanwezigheid | | 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 |
|
| terug naar boven |
| |
Login
English
Nederlands