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Managerial Economics and Strategy track

The Managerial Economics and Strategy track teaches you how to make the right organisational and financial decisions for organisations. This is 1 of 3 tracks you can opt for in the MSc Business Economics.

Help improve economic performance

This track provides deep insights into the drivers of corporate performance. Unravel the secrets of succesful organisations. Learn how to make analytically motivated organisational decisions to improve economic performance. You’ll graduate fully prepared for a rewarding career dealing with organisational issues, combining both a quantitative and an analytical approach.

Track-specific courses

  • Managerial Economics

    How to measure employee performance? And what kind of incentives are best to use? Economics helps us to examine the optimal design of incentives. In this course you will learn about important principles. Discuss for example the trade-offs between risk and incentives, bonuses and CEO compensation plans. You will also study the role of psychological factors at the workplace - such as fairness and intrinsic motivation.

  • Behavioural Economics

    Classic economics assume agents to be rational and selfish. Behavioural economics challenge both assumptions. You will study individual choice: bounded rationality concepts in decisions under uncertainty, information processing, judgment, time preferences and heuristic decision-making. Also you will explore strategic interaction, especially social preferences and reciprocity.

  • Markets and Organisations

    In this course you will learn about topics related to the theory of the firm: what are firms, why do firms exist, and why does the existence of firms matter? You will discuss them both from a theoretical and an empirical perspective. You are required to understand articles that discuss economic theory as well as econometric applications. 

  • Experimental Economics

    In this course you will learn the basic methodology of experimental economics: how to design a simple experiment, including writing instructions. You will practice both with laboratory and field experimentation evolving around:

    • industrial organisation
    • labour economics
    • behavioural economics
    • individual and group decision making
  • Power and Authority in Organisations

    In this course you will discuss the nature and potential sources of authority. How is the extent of (de-)centralisationof authority affected by the acquisition and dissemination of knowledge? You will also investigate behavioural or psychological motives that might affect the allocation of authority.

  • Electives
    • Performance Management - Practical approach to human research management
    • Competition Policy - Regulatory environment in which international companies operate

Real-life case: big firms committing fraud

Car manufacturers committing fraud with environmental standards. Do you think managers knew about these fraudulent practices?

Car manufacturers committing fraud with environmental standards. Banks creating accounts without the client’s consent. Both scandals point out problems in the organisation. Did managers know about these fraudulent practices? Are the scandals consequences of how these firms are organised? What role do the employee incentive schemes play? This track will help you analyse and understand such challenging questions.

Up-to-date issues

Examples of current newspaper headlines and relevant issues that could be discussed during lectures.

  • Are CEO bonuses too high?
  • Should good performance always be rewarded?
  • Who should be given the responsibility for bad decisions?

Career prospects

Graduates of the Master's programme in Business Economics/Managerial Economics and Strategy track have excellent job prospects for positions as researchers and experts in:

  • consultancy/human resource management (HRM)
  • academic career
  • economic policy
  • strategic planner

Recent placements include Heineken, Rabobank, PWC, ING, Dutch Central Bank (DNB).

Managerial Economics and Strategy and 2 other tracks

Managerial Economics and Strategy is 1 of 3 tracks you can opt for in our MSc Business Economics. If you are more interested in another field of business economics, read the info on 1 or more of the other tracks.