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Econometrics and Operations Research – (B.Sc.)

University of Groningen

Faculty of Economics and Business
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Disciplines:
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Application Deadline: June 1; May 1 (Non EU)
Annual Tuition Fee: ≈ € 1,672 ≈ € 6,700 (non-EEA)
Location: Groningen / Netherlands / View location on map ▾ Hide location on map ▴
Duration: 36 months Start Date: September
Educational Form:
  • Taught
Education Variants:
  • Fulltime
Languages: English 
6.563136,53.219034

Location of University of Groningen

What are the best locations for radio telescopes in Europe? If we want to study the stars properly, we need not just one radio telescope but a whole network of them. European countries and businesses are currently building just such a network. How do you decide where to place the various radio telescopes?

Econometricians can help. They can construct a mathematical model that takes account of all sorts of aspects - not only the optimum depiction of the entire night sky, but also the construction costs, possible disturbance of the radio waves from busy cities, the suitability of the construction site, etc. Such models enable econometricians to work out the best locations and solve numerous complex and practical problems.

Mathematical models of practical problems are at the heart of Econometrics. Economic questions don´t usually have a straightforward answer but by formulating the question in a model you will try to find an answer that can be defended. Researchers have to be able to think logically and analytically. It also helps if you like solving complex problems and puzzles.

Mathematics and statistics are crucial tools and thus the challenging combination of economics, mathematics and statistics forms the basis of the degree programme. You will also study economics and work a lot with computers. In Econometrics, IT is all about applications - it is a tool rather than a subject in its own right.


Contents

The programme for the first two and a half years is fixed, but then you are given a lot of choice and can choose your own specialization.

In the final year of the Bachelor´s programme and in the related Master´s programme you can choose one of the following specializations:

* Econometrics
* Operations Research
* Actuarial Studies.

Econometrics is a small, close-knit degree programme where lecturers and students all know each other. Right from the first year you will be doing lots of practicals, which simplifies the transfer to university. The practicals enable you to practise skills such as presentation, co-operation and reasoning.

Year 1

* English for EOR
* OR Modelling
* Mathematics I for EOR
* Microeconomics I for EOR
* Mathematics II for EOR
* Probability Theory
* Marketing for EOR
* Multivariate Analysis
* Sampling and Estimation
* Finance I for E&BE/EOR
* Hypothesis Testing
* Statistical Modelling

Year 2

* Linear Algebra and Convexity
* Programming I for EOR
* Statistics IIa for EOR
* Difference- & Differential Equations
* Introduction to Operations Research
* Macroeconomics I for EOR
* Finance Theory and Modelling
* Introduction to Mathematical Economics
* Statistics IIb for EOR
* Introduction to Actuarial Science
* Introduction to Econometrics
* Programming II for EOR

Year 3

* Game Theory
* Quantitative Finance
* Stochastic Models
* Dynamic Econometrics
* Risk Insurance
* Bachelor's Thesis EOR

IELTS

You are normally required to take an English Proficiency Test.

Most European Universities recognise the IELTS test.

Take test

Requirements

You qualify for admission:

* If you hold an International/European Baccalaureate (including Maths Higher and English);
* If you hold a secondary school or pre-university diploma from an EEA country that grants admission to an undergraduate programme in Economics in your own country, providing your level of maths is sufficient. For admission to the BSc in Econometrics and Operations Research, the equivalent of IB Mathematics HL (Maths Higher) is required and proof of English language skills.;
* If you hold a secondary school or pre-university diploma from a non-EEA country, your diploma will be compared with the Dutch University Preparatory Certificate (VWO) and the IB/EB.

Students with deficiencies with regard to Maths and/or English may be asked to take a Maths entrance examination and/or a recognized English language ability test such as TOEFL or IELTS. You need aTOEFL score of at least 580 for the written version, 240 for the
computer version, 92 for the internet version, a minimum IELTS score of 6.5, or Cambridge Certificate Advanced English A, B or C.

Additional Requirements

Minimal degree required: High School diploma
Minimal amount of work experience Not specified

Language Proficiency

IELTS Band: 6.0
TOEFL Paper-based: 580
TOEFL Computer-based: 240
TOEFL Internet-based: 92

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