The department of Applied Economics plays a profiling role in the Erasmus School of Economics, as it aims to contribute to the development of new and fundamental fields in the vast area of economics and to be active in areas of high societal relevance.
Being an incubation centre of novelty implies that the resources of the department adapt to where fundamental newness is to be found. This relates to both teaching and research. Fascinatingly, fundamental novelty and societal relevance often overlap in terms of areas of economics. Currently, the department consists of three groups: Behavioral Economics, Health Economics and Organization, Strategy and Entrepreneurship.
Behavioral aspects have been traditionally absent from economic analysis dominated by the neoclassical paradigm of human rationality. Combining economics and psychology is now perhaps the most promising way to move the field of economics forward.
Health Economics is an important new area of Applied Economics in which fundamental developments and societal relevance come together.
Merging organizational (strategy, entrepreneurship, innovation and governance) viewpoints and the application of the economics toolkit provides exciting new insights relevant for both the person and firm level as well as the industry, region and country level.
Many synergies exist between the three groups as well as between the department of Applied Economics and the other departments of the Erasmus School of Economics.