Econometrics and Operations Research
Study econometrics and operations research in Groningen to learn how to use mathematical modelling to find solutions to real-life problems in our society.
Do you like economics, math, and statistics ? Eager to solve complex issues and make a real impact on society? This programme is tailored just for you!
The BSc Econometrics and Operations Research combines econometrics, operations research, actuarial science, and mathematical economics, offering a unique programme in the Netherlands. In Groningen, you will:
- combine mathematical modelling with real-world data , on important topics such as climate change, welfare, and well-being. Our courses are designed to make you a pro at mathematical modelling.
- play the EOR Game – a simulation game where you run a company, you make decisions based on the big data you analyse, and you put the knowledge you gain in class into practice.
- direct entry to our one-year MSc in Econometrics, Operations Research and Actuarial Studies.
Why study this programme in Groningen?
- The programme provides you with a strong theoretical base and teaches you how to apply theory to real-life data and cases , concerning, for example, societal and environmental (global) issues .
- A unique feature of the programme is the EOR Game . You will play this simulation game in all three years of the programme to apply the knowledge and skills you have gained from courses.
- Small-group teaching and personal contact with lecturers and fellow students.
- In the 3rd year, you can study abroad , but you can also follow a minor at FEB, such as a deepening minor, which includes a new course on big data and machine learning .
- Join an active and ambitious community of students. VESTING, our study association, organizes a variety of social and career activities and prepares you for a successful career.
- The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
You can specialize in four different profiles:
- Econometrics is about the statistical methods needed to estimate the relation between variables. How do micro-finance loans help alleviate poverty in Sub-Saharan Africa?
- Operations research focuses on optimal decision-making and finding approximate solutions to complex real-life problems. How to deliver a number of packages with the smallest environmental footprint possible?
- Actuarial science is about modelling the risks faced by, for instance, insurance companies and pension funds. How are pensions related to people living longer?
- Mathematical economics studies how economic actors (individuals, government, companies) interact with each other. Does price discrimination reduce social welfare?
In each year, you will play the EOR Game, which is specifically developed for students. In the game, you will take on the role of running a fictional company, making decisions across multiple fields.
- Transcript of Records – If you have not yet completed Secondary School, you must upload a transcript showing your current grades. You can find the transcript template here.
- Secondary School Leaving Certificate – If you have already completed Secondary School, you do not need to upload a separate transcript. Simply upload your Secondary School Leaving Certificate to the application.
An additional documents, Statement of Education / Course description, may be required depending on the programme you apply for at this university.
If any document is required, it will appear in the Documents section of the Kastu application form once you start your application.
Important! View the full requirements on the university’s official website. Requirements may vary depending on your nationality and the country where you completed your previous education.
You may not need to take IELTS or TOEFL. University usually allow you to prove your English proficiency in one of the following ways:
- TOEFL iBT*
- IELTS Academic
- A Cambridge English qualification
- A national English examination listed on your secondary school leaving certificate
- An English subject and grade on your secondary school leaving certificate that meet the university’s requirements
- Secondary education completed in English in a country or school qualification accepted by the university
- An International Baccalaureate (IB) or European Baccalaureate (EB) diploma
- Other
Important: Accepted methods and minimum results depend on study programme, your secondary school qualification and the country where you completed your education. Check the official requirements for your chosen study programme.
*Use the Kastu promo code LTU1000102 when registering for TOEFL iBT and receive a 5% discount.
Mathematics should have been passed as a higher level (advanced) subject in your secondary school education.
Job examples:
- Quantitative analyst (logistics, finance, banking, insurance, marketing, healthcare, energy)
- Consultant (logistics, finance, insurance, marketing, healthcare, energy, supply chain management)
- Actuary (insurance, pensions)
- Risk manager (financial sector)
- Researcher (university, government, research institute, central banks)
