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What will you learn in this minor?

You will acquire an advanced analytical framework which enables you to analyse complex economic processes involving risk from a quantitative perspective. Quantitative risk modelling, statistical and empirical evaluation, and optimisation are at the core of this minor programme. This minor programme enables you to develop skills to deal with complex and risky economic problems.

The 60 EC minor in combination with a BSc in Econometrics, Mathematics, Physics, Informatics and Computer Sciences or an equivalent quantitative BSc programme, gives you access to the Master’s programme Actuarial Science and Mathematical Finance.


The minor can be taken as a 30 or a 60 EC programme. For both options you have follow 2 compulsory courses. You supplement these courses with either 18 EC or 48 EC in restricted-choice electives.

  • Compulsory: Life Insurance Mathematics
    Period 1
  • Compulsory: Probability Theory and Statistics 3*
    Period 2
  • Restricted-choice elective: Mathematical and Empirical Finance
    Period 5
  • Restricted-choice elective: Statistical Learning
    Period 3
  • Restricted-choice elective: Econometrics 1
    Period 4
  • Restricted-choice elective: Financial Accounting in Life Insurance
    Period 4
  • Restricted-choice elective: Research Seminar Actuarial Science and Mathematical Finance
    Period 6
  • Restricted-choice elective: Econometrics 2
    Period 5
  • Restricted-choice elective: Risk Theory
    Period 5
  • Restricted-choice elective: Stochastic Models in Life Insurance
    Period 4
Find detailed course descriptions in the Course Catalogue (updated in June)

* If you have already taken this course or an equivalent, you may substitute it with one of the restricted-choice electives in the 30 EC programme. Contact the Education Desk to find a substitute in the 60 EC programme.

Entry requirements

  • This minor is only open for students with sufficient background in statistics and mathematics. It is intended for Bachelor students from a research or technical university studying in a quantitative field (e.g. Econometrics, Mathematics, Physics, Information Science).
  • When applying for the minor, it is necessary to have successfully completed your first year (60 EC).
  • No prior knowledge in Economics is required.
  • The 30 EC minor is not open to students of UvA Economics and Business. The 60 EC minor is open for students of UvA Economics and Business.

Application and Admission

At this moment you are unable to apply for the minor. On 30 April 2024 10:00 AM, the minor application opens. You will find a link to the application form on this page.

Important Dates and selection process

You can apply for this minor between 30 April 2024 10:00 AM and 1 August 2024 1:00 PM (or earlier if the maximum number of participants for the minor has been reached). Selection for this minor is based on the first come first serve principle.

Please note that you can only be admitted to one minor at UvA Economics and Business at a time. However, you can apply for a maximum of two minors. A potential second choice will only be taken into consideration if you are not selected for the minor you applied for first.  

What do you need to apply?

Non UvA-students

  • Sign up as an elective student (bijvak student) for the Bachelor's programme in Economics and Business Economics in Studielink with a start date of 1 September 2024. Important: You need a timely enrolment and an active UvA-account, to access the application form. It is advised to arrange this before 25 April.
  • a signed and stamped transcript of your study results so far;
  • Motivation letter.

UvA students

  • Motivation letter.

After admission: register for courses

After being admitted to the minor, you need to register for the individual courses of the minor. The course registration period for the first semester will take place on the following dates:

  • 10 June until 17 June 13:00

All information about course registration will be included in the email you receive after you are admitted to the minor. All minor students have a guaranteed spot for a course.

More info and contact

For more general information about taking a minor, visit the student website about minors at UvA Economics and Business. Or you can contact the Education Desk (make sure to choose an UvA Economics and Business programme to see the correct information).

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