Our programme is motivated by the insight that economies are constantly changing: strategic firm behaviour such as investments in innovation and foreign market entry are at the heart of competitive advantage and economic growth in the modern world. The programme equips you with the analytical tools that are necessary for making the right decisions in this highly dynamic environment. That includes a good knowledge of relevant economic theories as well as skills for carrying out independent empirical research. You will be provided with quantitative skills, needed to analyse the strategic behaviour of entrepreneurs and firms and the economic impact of such strategic behaviour.
The master’s specialisation consists of core courses, electives, seminars, and a master's thesis distributed over five blocks of eight weeks.
The core courses which you take in block 1 represent the fundamental paradigms of the master’s specialisation. Students focus on a broad range of theories and topics and learn the quantitative skills that are essential for analysing strategic decision making such as investments in advertising and innovation. The core courses provide a solid background for the seminars of the second and third block.
The seminars are essential components of the master’s programme. For these intensive courses, active participation and commitment are mandatory. In the seminars the students apply the theories and methods they learned in the core courses to real-life problems and data. In the first seminar in block 2 students concentrate on location choices of international firms. Students communicate on theories and empirical research on foreign direct investment and economic development. They conduct an empirical study on the location choice of firms using econometric techniques.
In the second seminar in block 3 students analyse a broad range of strategic firm decisions including innovation, competition, export and growth; and how such strategic behaviour is affected by changes in regulation. Students also discuss the role of public policy for promoting strategic firm behaviour. Students develop their own novel research idea and further improve upon the quantitative research skills needed for the independent research project of the master’s thesis.
The electives in block 4 represent a choice of supplementary but fascinating academic views from the world of strategy economics. The emphasis is on corporate innovation and venture capital, sustainability and innovation, and on firm governance and vertical integration.
The last block is fully devoted to the master’s thesis, which is written individually under close supervision by one of our academic staff members.
Although the knowledge and skills offered by the programme are to a large extent tested by means of written exams and individual assignments, there is also substantial room for team work and group assignments.
The curriculum consists of:
- 30% Innovation strategy
- 35% Other types of strategic behaviour of entrepreneurs and firms
- 35% Quantitative methods and data analysis
The exact composition depends on what courses you follow.
Explain the innovation path of a start-up or established firm using several theoretical perspectives (such as transaction cost economics, industrial organisation theory, evolutionary economic theory).
Understand and analyse the development of sustainable products and services; as well as the role of public policy for promoting sustainability.
Disclaimer: The overview below shows the programme curriculum for the academic year 2020/2021.
The Take-Off is the introduction event for all new students of Erasmus School of Economics. During this interesting introduction event, you will be provided with useful practical information and receive an introduction to your studies, meet your fellow students and our School.
In this course we aim to provide students with knowledge of econometric methods which are relevant for applied economics.
The electives represent a choice of supplementary but fascinating academic views from the specialisation that you have chosen.
Students choose three courses from the courses listed below.
Block 4 + 5
The thesis is the crown on your Master’s degree programme.
While you have to start in early December, the last two blocks of the programme are especially devoted to the Master’s thesis. The thesis is written individually under close supervision by one of our academic staff members.
This course provides essential insights for anyone interested in the organization of firm production which becomes increasingly complex in a globalizing world. The course first looks at several theories to explain how firms govern production.
Students choose two courses (8 ec) from the listed courses, or one of the listed courses (4 ec) and one other Economics and Business master’s course (4 ec), with the exception of the core courses from the specialisation Data Science and Marketing Analytics.