Economics and Business Economics

Description

Would you like to become an economic expert in topics such as the environment, the global banking crisis, health care or international business? Then this is the programme for you.

The three-year Economics and Business Economics Bachelor's degree is entirely in English. You will learn how business experts and policy makers attempt to stimulate both corporate and economic activity. The programme will give you the theoretical tools and analytical skills needed to address complex issues.

During the first year - the foundation year - all students take the same course units. In year two, you will either specialize in Business Economics, Economics or International Economics and Business.

• * Business Economics focuses on decision-making within an organization from an economic point of view.
• * In Economics, you learn to develop models with which to obtain an understanding of economic phenomena.
• * In International Economics and Business, you will learn how businesses should deal with stakeholders with diverse social norms and expectations in an international context.

After finishing the Bachelor's degree, you can continue as a postgraduate student at the University of Groningen.

Job perspectives

Graduates have the possibility to participate in the high-level contract research activities of international organizations, such as the Conference Board (New York) and the International Labour Organization (ILO, Geneva). Other companies where you could end up working are the Organisation for Economic Co-operation and Development (OECD), World Bank, CESifo Institute Munich or the Social and Economic Council of the Netherlands.

If you choose the Research Master’s degree programme you could move into academia and perhaps decide to go further still and earn a PhD at a university in the Netherlands or abroad.

Job examples

• Financial or Asset Manager

  A Master's degree in Finance offers graduates attractive career opportunities in many different areas. You could end up as a financial or asset manager. Or maybe corporate governance,risk analysis or stock trading is your thing. You will be ready to start work at multinationals such as Procter&Gamble, Google, Coca-Cola, Toyota or Lacoste. If you've studied Finance your will find a wide range of opportunities open to you.

• Analyst or Financial Advisor for banks

  A Master's degree in Economics may lead you to the world of banking, where you might become an analyst or financial advisor, or you could work in the policy department of a central bank, perhaps analysing the impact of monetary and economic policy. You might choose the government sector, beginning in an advisory role and moving on to a management position. You could help develop important social programmes and devise ways of administering them.

• Expert in International Economics and Business

  A Master's degree in International Economics and Business will provide you with the credentials to work for a multinational or any number of governmental institutions or international organizations. You might become an analyst for a research institute, consulting firm or university.

Detailed Course Facts

• EUR 1951 Year (EEA)
• EUR 7800 Year (Non-EEA)

• English

Course Content

Programme

• 1st year

  During the first year of the programme you will take the same courses as your fellow students. These include introductions to Finance and Financial Accounting, International Economics, International Business and Marketing. You will also tackle the fundamentals of Micro- and Macroeconomics, Mathematics and Statistics. You will write a short research paper, an essential aspect of academic life. Finally, you will take an English language course to develop academic writing and presenting skills.

• 2nd year

  Building on the broad foundation provided in the first year, you and your fellow students will then continue with courses such as International Macroeconomics, Foreign Direct Investment and Trade, Industrial Organization, Finance, Mathematics, Economics of Banking and Econometrics.

  In addition to these courses, you will choose between a specialization in:

  • Business Economics
  • Economics
  • or International Economics and Business.
• 3rd year

  In all three specializations you will need to write tworesearch papers: an empirical research paper at the end of your second year and your Bachelor's thesis at the end of your third year.In the first semester of the third year you have the possibility to follow a Minor (30 EC). You can choose for a minor in Groningen, but you can also choose a university abroad. If you choose to specialize in International Economics and Business, a study period abroad is compulsory.

Specialisations / Tracks

• Economics (specialization)

  Are you interested in social and economic problems? Then the Economics specialization may be the perfect choice for you.

  Economists develop models to obtain an understanding of economic phenomena. They look at economic data, try to make sense of it and explain its implications to others. It could be said that economics is a way of looking at the world. As such, the number of applications is almost limitless. Therefore, in this Bachelor's degree, a wide range of topics is addressed, from banking and monetary issues to the origins of economic growth and economic differences between countries and regions.

  The Economics specialization offers a high-quality practical and theoretical foundation for any profession in this field. The focus on both theory and practice prepares you for professional life.

  You will learn about general economic theory and take core courses in both Macroeconomics and Microeconomics. A crucial part of the curriculum is learning to apply theory in practical situations. When you are writing your Bachelor's thesis, you will use this skill.

• International Economics and Business (IE&B) (specialization)

  Are you interested in the differences in social norms and legal systems between international stakeholders? In this specialization, you will learn how a company can deal with these differences.

  The world has become more and more integrated, but businesses still have to deal with stakeholders with diverse social norms and expectations. They also have to handle sometimes conflicting regulations, cope with different legal systems and balance multiple currencies. The International Economics and Business specialization gives you the tools to understand and possibly influence the behaviour of international companies, intergovernmental organizations and non-governmental agencies in a global business environment.

  The IE&B specialization offers solid academic training as an economist with a strong international profile. The core of the specialization consists of courses in both International Business and International Economics. International Business concentrates on the main characteristics and activities of international corporations. These include strategic management, in other words, how strategic decision-making of multinational enterprises is affected by national economic, social, political and cultural environments. It also gives insight into the implications for competitive positioning, entry and establishment in foreign markets and international strategic alliances.

• Business Economics (specialization)

  What is the best way to run an organization? In the track Business Economics, you learn to understand decision-making within an organization from an economic point of view.

  The Business Economics specialization offers a high-quality practical and theoretical academic foundation for any profession within the field. The focus is on core subjects from Business Economics: finance, accounting, marketing, operations and logistics and human resource management. In addition, you will get a firm base in general economic theory.

  Via this combination of Business and Economics courses you learn to view the functioning of organizations from an analytic, microeconomic as well as a macro- and international economic point of view.

  You also receive ample training in mathematics, statistics, applied econometrics, and research skills in order to be able to do individual academic research in Business Economics. In addition, you develop your academic writing skills through writing several theoretical and empirical papers and, finally, the Bachelor's thesis.

English Language Requirements

IELTS band : 6.5 TOEFL paper-based test score : 580 TOEFL iBT® test : 92

To study at this university, you have to speak English. We advice you to

Requirements

International students

additional subject

You should have passed mathematics as a standard/methods level subject during your secondary school education.

math test

If Mathematics is not/has not been one of your final-year subjects during your pre-university education (or you took the lowest level, e.g. Maths Studies) then you will need to show proof of your level of Maths proficiency. For more information, please check our site at http://www.rug.nl/(...)nt/2/mathsdeficiency

previous education

You need an International/European Baccalaureate (including Maths Higher or Maths Standard/Methods).

other admission requirements

• Not directly admissible?

The International Foundation Year is a one-year programme, specially designed for international students who do not meet the requirements for direct entry to an undergraduate (Bachelor of Science) degree programme at the Faculty of Economics and Business, University of Groningen.http://www.rug.nl/feb/foundationyear

• Selection

For more information about the numerus fixus (fixed quota) and selection procedure, check: http://www.rug.nl/feb/numerusfixus.

Work Experience

No work experience is required.

Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Related Scholarships*

• Academic Excellence Scholarship

  "The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."

• Alumni Study Travel Fund

  Scholarships for students who are already attending the University of Reading.

• Amsterdam Merit Scholarships

  The University of Amsterdam aims to attract the world’s brightest students to its international classrooms. Outstanding students from outside the European Economic Area can apply for an Amsterdam Merit Scholarship.

* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than University of Groningen.

Accreditation

Accredited by the Dutch Government