International Bachelor Econometrics and Operations Research
Continuing Master programmes
Master Degree Programmes
Most students who complete a bachelor’s degree in Econometrics and Operations Research continue their studies by pursuing the master’s degree programme Econometrics and Management Science. This programme broadens your knowledge and requires you to specialise in one of the subfields. The Erasmus School of Economics offers four specialisations:
- Operations Research and Quantitative Logistics
- Quantitative Finance
- Quantitative Marketing
Since the discipline of econometrics was established, econometricians have developed models to make economic predictions. The government uses these predictions for policy decisions, and firms use them for investment decisions. In the Econometrics Master Programme you learn to answer questions such as:
- How can we predict the business cycle?
- What influence does a change in interest rates have on economic growth and inflation?
- What are the economic effects of demographic changes such as the ageing of the population?
Operations Research and Quantitative Logistics
It is impossible to imagine the field of logistics without mathematical models and techniques. Questions related to scheduling and transport are a real challenge because of the many possibilities they involve. With a training in Operations Research and Quantitative Logistics, you know how to deal with questions such as:
- How to schedule the delivery of parcels while minimising transport time?
- What is the best location for building a new oil refinery?
- How can we minimise hospital waiting times?
Many econometricians find work in the financial industry. Financial institutions like banks and insurance companies use econometric techniques for forecasting and risk management. Quantitative Finance teaches you state-of-the art techniques in financial econometrics enabling you to answer questions such as:
- What is the probability of a borrower going bankrupt?
- How much can we lose on our investment portfolio in the coming year?
- How will interest rates and exchange rates evolve over the coming year?
- What is the value of an option on a stock that it is traded on the option market?
Increasingly, decisions in marketing are based on the outcome of econometric models. Advances in information technology provide detailed data that econometricians use to build these models. Supermarkets and other retailers record every sale they make. Quantitative marketing teaches you how to combine detailed sales information and marketing models to answer questions such as:
- Before or after which TV program is the best time to broadcast a particular commercial?
- By how much will the sales of notebooks increase if the price decreases?
- What is most suitable internet site for placing my online advertisements?