What is the best way to go about modelling the complex link between unemployment and inflation? Sophisticated statistical techniques are required for analysing the data derived from these relationships.
Production and inventory analysis
Efficient operations are key to profitable manufacturing processes. How can production be managed strategically to avoid having to disappoint customers by not delivering on time?
Holding a Masterís degree in Econometrics and Operations Research will give you excellent prospects for employment. You will be able to choose from career opportunities that are both exciting and varied. Econometricians find employment in the national policy research departments at planning agencies and government ministries, at financial institutions such as banks and insurance companies, and at business consultancy firms. Operations Researchers can be found in a range of industries, including logistics, innovative software development, transport and distribution, manufacturing and consultancy.
Rather than taking up a career in industry, you might wish to indulge your academic ambitions further by applying to study for a PhD in Econometrics, Operations Research, Quantitative Economics, Finance or Applied Mathematics.
Tuition fee for the international students.)
European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.)
The Master's programme in Econometrics and Operations Research is an academic programme focusing on the development and application of quantitative methods for analysing economic issues in a broad sense. The components of the Master's programme correspond closely with the department's research interests, which means that many of the latest scientific developments in areas like financial econometrics, logistics and game theory find their way directly into the teaching programme.
The master's programme takes one year.
At the beginning of the programme, students can make a choice for a specialization. However, it is not mandatory to specialize; it is possible to combine courses from either specialization to allow students to pursue their own interests. In that case, no specialization will be mentioned on the degree. The two areas of specialization are:
In the first semester, students take the first two econometrics courses and two optional courses from a designated list. The first semester is concluded with a case study, in which students will apply the theory studied to practical cases in the field of the specialization chosen. Apart from honing the student's skills in practical application of advanced theory, the research project aims at strengthening the student's academic and professional skills such as writing, presenting and defending research. Students also receive further training in the use of quantitative and ICT-methods in solving problems.
In the second semester the student attends his third econometrics course and has the possibility to choose his third and final optional course. The larger part of the second semester is devoted to writing the master's thesis. To this end the student carries out an independent academic research project and reports on this in his thesis. Carrying out the research project and writing the thesis takes about three months. The master's thesis is written individually. Students are, however, required to take part in the concomitant thesis seminar, in which the research findings of the students are periodically presented and critically discussed.
Specific admission requirements Master's programme Econometrics and Operations Research:
No work experience is required.
All degree programmes of VU University Amsterdam are accredited by NVAO. If the procedure for accreditation of a programme not yet is completed, this is indicated in the description of te programme. NVAO (Nederlands-Vlaamse Accreditatieorganisatie) is the Accreditation Organisation of The Netherlands and Flanders. NVAO is entrusted by law to accredit all existing bachelors and masters degree courses and to validate new study programmes at government-funded higher education institutions as well as
institutions approved (but not funded) by the Dutch government.
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