Econometrics, Operations Research and Actuarial Studies

The programme in Econometrics, Operations Research and Actuarial Studies uses mathematical models to analyse problems in economics, finance and related areas. Relevant questions are: How will future employment ratios develop in Europe? What is the influence of high petrol prices on the expected number of train passengers? How can delivery routes to customers be improved? How can financial risks be quantified? By teaching you the basic skills of mathematical modelling, this programme provides you with a toolbox to solve economic and financial questions. You will also learn to give an economic interpretation to quantitative results. You can choose between three profiles: 1) Econometrics aims at quantifying causal relations among economic variables. The models are used for forecasting and to make policy decisions. 2) Operations Research uses mathematical models to solve complex optimisation and decision-making problems, for example in logistics. 3) Actuarial Studies focuses on mathematical models for risk management in the financial sector (insurance companies, pension funds, banks).

Instruction modes

case study, literature study, oral presentation, computer exercise, research, research project, research proposal, tutorial, lecture, working group, group assignment, group discussion, individual assignment, practicum, self study, project

Accreditation: NVAO, NVAO

Erasmus Mundus program: This is an Erasmus Mundus program.

Admission requirements

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Econometrics and Operations Research. To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained. For more information, see: http://www.rug.nl/feb/education/admissions/int/2/abackground If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office

Other requirements

1. vooropleiding (ISPAC: vereiste vooropleiding) To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Econometrics and Operations Research. To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained. For more information, see: http://www.rug.nl/feb/education/admissions/int/2/abackground If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office
2. erkende verworven competenties (EVC’s) GMAT/GRE; for specific scores (and exemptions), see http://www.rug.nl/feb/education/admissions/int/2/cother
3. cijferlijst A certified grade list(s) is considered in the evaluation.
4. taaltoets cijfer TOEFL internet based (IBT): 90, IELTS Academic: 6.5; for specific scores, see: http://www.rug.nl/feb/education/admissions/int/2/blanguage