Master Econometrics

uvaThe Master of Science in Econometrics is a multidisciplinary one-year programme that provides a balanced and rigorous training in quantitative analysis of problems in economics and finance. The programme consists of advanced courses in both mathematical economics and econometrics.

Mathematical economics deals with mathematical modelling of such market phenomena as price adjustment processes. Econometrics deals with statistical modelling, estimation and testing of economic models using economic and financial time series data.

Upon completion of the Master‘s programme, students will have obtained a sufficient level of academic expertise to read major academic journals in Economics. They will also be able to apply advanced mathematical and statistical methods, supported by modern software packages such as E-Views and OX, to the exploration and analysis of problems in economics and finance

Econometrics at the University of Amsterdam
The Faculty of Economics and Business (FEB) specialises in providing students with the broad range of skills, in-depth knowledge and international expertise that they will need in the business world and public sector alike. Many of the lecturers in the Master of Econometrics are researchers at the Amsterdam School of Economics (ASE), one of the ten research programmes of which is dedicated to Econometrics. Approximately 30 students currently participate in the ASE’s English-taught international PhD programme. A number of internal and external economics-related research institutes are affiliated with the ASE, enriching research and career opportunities for students in the Master’s programme.

Top 5 reasons to study here
The Faculty of Economics and Business:

  • has an excellent reputation
  • has a diverse international student body
  • is surrounded by many multinational firms and organisations
  • has low tuition fees for EU students
  • has a central location in the multicultural city of Amsterdam

Amsterdam is the capital of the Netherlands and the world’s most multi-cultural city. Its population of 750,000 inhabitants contains 177 nationalities, more than New York City. It is a centre of culture, commerce and entertainment and the faculty’s central location means students have every opportunity to enjoy student life.

Rankings and reputation
The University of Amsterdam offers a world class education:

  • 58 in the world and 1st in the Netherlands (QS World University Rankings 2013)
  • in top 50 of Social Sciences Universities (Times Higher Education rankings 2011)
  • member of LERU (League of European Research Universities), exclusive network of renowned research universities
  • member of Universitas 21network of 24 leading research-intensive universities in 16 countries
  • The school of Economics is ranked 44th for the disciplines Economics & Econometrics (QS World University Rankings 2011)

Study programme

Specialisations
Students can choose one of the specialisations/tracks:

  • Econometrics
  • Financial Econometrics
  • Mathematical Economics
  • Free track

Econometrics: emphasises on statistical techniques for both microeconomic and macroeconometric analysis. Electives: Financial Econometrics, Microeconometrics.

Financial Econometrics: focuses on mathematical and statistical techniques and their application to financial models and time series. Electives: Financial Econometrics, Stochastic Calculus, Caput Derivatives

Mathematical Economics: emphasises mathematical modelling of economic and financial markets. Electives: Nonlinear Economic Dynamics, Bounded Rationality

Free track: a flexible combination of these three specialisations. Electives: Bounded Rationality, Financial Econometrics, Micro-econometrics, Non-linear Economic Dynamics, Stochastic Calculus

Programme structure
The Master in Econometrics is a one-year programme of 60 ECTS credits (1 ECTS credit = 0,5 US credit). The course schedule is listed below. The academic year runs from September to the beginning of July and is divided into two semesters, each with three blocks. Please refer to the academic calendar for the exact dates.

The MSc in Econometrics programme has a demanding curriculum. Classes usually take up a total of 12-15 hours each week. Class preparation (i.e. reading), homework, debates, casework and computer work require an additional 25 hours a week.

First Semester
In the first block students will get a solid basis in econometrics by attending the core courses Advanced Econometrics 1+2, Game Theory and General Equilibrium Theory, and two electives.

Second Semester
In the first part of the second semester students specialize in one of the four specialisations or tracks. In the second part students complete a thesis in one of three specialised areas, working under the supervision of a research staff member from the Department of Quantitative Economics.

Thesis
The Master’s thesis is the final requirement to be completed prior to graduation and is supervised by one of the researchers within the Department of Quantitative Economics. It must be based on a study of relevant literature or on a research internship at a firm.

Schedule

First Semester Second Semester
Block 1 Block 2 Block 3 Block 1 Block 2 Block 3
Gen. Eq. Theory (5 EC) Game Theory (5 EC) Advanced Econometrics 2(5 EC) Elective (5 EC) Master’s Thesis (15 EC) Master’s Thesis
Elective (5 EC) Elective (5 EC) Elective (5 EC)
Advanced Econometrics 1 (5 EC) Elective (5 EC)

Programme contacts