Economics, M.Sc.

  • Application Deadline
  • 12 months
  • English (book IELTS)
University rank #59 (ARWU) ,
In the Economics programme from the University of Groningen you will learn to assess different strategies to handle diverse microeconomic and macroeconomic problems.


The objective of the Economics programme from the University of Groningen is to teach you economic theories at a high analytical level. An additional goal is to familiarise you with the application of theory and research methods to economic practice and policy. Such a combination of rigorous academic thinking with practical application is essential for any professional active in the field of economics, either in policy or research. You will learn about the influence of economic factors on society and how economic theory can be applied to interpret and analyse economic problems.  

We offer two tracks: " Microeconomics of Markets and Incentives” and “Macroeconomic Theory and Policy”. Alternatively, you can specialize in Health or in Energy Economics. It is also possible to design your own study programme. The programme is truly international, being taught entirely in English. The best international textbooks are used In the various courses, students study papers published in prominent academic journals in order to keep up with the latest developments. Courses are taught by specialists with an international reputation in their field of research and/or a key role in public debates.

Job prospects

As a graduate you are able to apply advanced economic theory so as to analyse economic issues related to society at large. The programme trains you for positions in which you contribute as an economist to decision-making in (inter)national government bodies, public organisations and private corporations such as financial institutions, multinationals and consultancy firms. You can work as researcher in business or governmental agencies. You can also use your expertise for journalistic goals.


EQUIS and AACSB accredited

Programme Structure

Programme options
  • Macroeconomic Theory and Policy (profile)
  • Microeconomics: Markets and Incentives (profile)
  • Double Degree Economic Analysis (specialization)
  • Double Degree China and the World Economy (specialization)
  • Energy Specialist (specialization)
  • Master Internship (specialization)
Courses included:
  • Empirical Methods of Economics 
  • Games and Industrial Organization 
  • Macroeconomics for MSc Economics 
  • Master's thesis Economics 
  • Competition Policy - Theory and Practice 
  • Economics of Regulating Markets 
  • Microeconomics of Household Behaviour 
For more information, please visit the programme website.

                                                                                          Detailed Programme Facts

                                                                                          • Programme intensity Full-time
                                                                                            • Full-time duration 12 months
                                                                                          • Credits
                                                                                            60 ECTS
                                                                                          • Languages
                                                                                            • English
                                                                                          • Delivery mode
                                                                                            On Campus

                                                                                          English Language Requirements

                                                                                          You only need to take one of these language tests:

                                                                                          • Minimum required score:


                                                                                            The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                                                                                            Book IELTS
                                                                                          • Minimum required score:


                                                                                            The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

                                                                                          • Minimum required score:


                                                                                            The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

                                                                                          Academic Requirements

                                                                                          You only need to take one of these tests:

                                                                                          • You need the following GMAT score:

                                                                                            Required score: 500

                                                                                            The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GRE score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers. Read more about the GMAT.

                                                                                          • This programme accepts GRE scores, however, has not provided a recommended or minimum required score range.

                                                                                            The GRE - or Graduate Record Examinations - is a standardized test administered by Educational Testing Service (ETS) and is part of the admission requirements at many graduate schools and business schools. The GRE score uses a range between 130 and 170 and measures verbal reasoning, quantitative reasoning, and analytical writing.

                                                                                          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 one of the following - or closely related - fields: Economics and Business Economics, Econometrics and Operations Research.

                                                                                          To assess whether your educational/academic background meets the specific programme requirements, the admission committee will take account of level of knowledge in microeconomics, macroeconomics, mathematics and statistics, GPA, and motivation.

                                                                                          StudyPortals Tip: Students should consider taking one of the Pre-Master's below. these courses will be necessary if:

                                                                                          • You are considered ineligible for admission
                                                                                          • You need to improve your academic, study, research or language skills
                                                                                          Search all Pre-Masters

                                                                                          Tuition Fee

                                                                                          • International Applies to you

                                                                                            14200 EUR/year
                                                                                            Tuition Fee
                                                                                            Based on the original amount of 14200 EUR per year and a duration of 12 months.
                                                                                          • EU/EEA Applies to you

                                                                                            2006 EUR/year
                                                                                            Tuition Fee
                                                                                            Based on the original amount of 2006 EUR per year and a duration of 12 months.
                                                                                          We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

                                                                                          Living costs for Groningen

                                                                                          750 - 1000 EUR/month
                                                                                          Living Costs

                                                                                          The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


                                                                                          Several scholarships are available for international students who are motivated to study Bachelor’s, Master’s and PhD programmes, as well as for exchanges, short courses and research stays at our university.

                                                                                          StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

                                                                                          The Global Study Awards: get funded with up to £10,000 to study abroad

                                                                                          Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.