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Bachelor Econometrics

Study programme

In the Econometrics Bachelor’s we train you to use mathematical and statistical methods to help solve problems in society or in the business world. With your expertise you can advise organisations on the effect of economic policies. Or help businesses use extensive data analysis to shape their strategies. You will examine case studies and learn to work with advanced software. After the 2nd year, you can choose between 2 specialisations: Econometrics or Data Science.

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The programme

The first 2 academic years of the BSc Econometrics are in common with the Bachelor's programme in Actuarial Science. After the 2nd year you specialise in either Econometrics or Data Science.

  • Year 1: develop a solid foundation

    This year is all about your basic knowledge of mathematics, information science, probability, and statistics and economics.

    • Familiarise yourself with the possible specialisations: Econometrics and Data Science (of the BSc in Econometrics) and Actuarial Science (BSc in Actuarial Science, you take lectures together with students from this programme).
    • Examine case studies and learn to work with advanced mathematical and statistical software like Python and R for programming.

    Download the course schedule

  • Year 2: extend the foundation

    The 2nd year enhances your mathematical, statistical and research skills. You will start to apply these tools to econometrics and data science. You will take mandatory courses like Mathemathical Economics and Time Series Analysis. You also choose your electives for each study period.

  • Year 3: choose your track

    After the 2nd year, you can choose between 2 specialisations: 

    1. Econometrics
      If the government increases excise duties to raise the price of petrol, fewer people will use their cars. By modelling reality, econometricians attempt to prove such statements. These econometric models are used to forecast the economy and make recommendations on economic policy. There is a great demand for people with an understanding of economics who are capable of quantitative analysis and modelling. Econometrics trains people to do this.
    2. Data Science
      Nowadays firms collect enormous amounts of data. This data contains valuable information to improve sales and profits. Contrary to econometrics, the focus is on doing predictions and not so much on understanding the underlying processes. Consequently, the emphasis is more on programming and finetuning tools than on the statistical background of the methods. There is a large demand for data scientists.

  • Customise your programme

    In the 1st semester of your 3rd year you can choose from a number of options:

    • Study a semester abroad;
    • Take a minor programme in a completely different field;
    • Attend a special programme: 3 specialist courses plus an internship or 2 electives.
       
  • Thesis

    Is there a particular recent development that sparks your enthusiasm or do you have a great idea of your own? Writing your thesis, you have the chance to explore it fully while simultaneously training your ability to independently conduct relevant research.

    Your thesis is the final requirement to be completed for your graduation. Under the supervision of our researchers, you will follow a clearly defined path that will lead to your graduation with a Bachelor's degree.

More about the courses in our course catalogue

Are you ambitious? Take the Honours programme

Your study week

Expanding your knowledge and at the same time developing your skills is key. That is why you will participate in a variety of teaching activities. Most of the courses are evaluated with one or more tests. This is usually a written examination, but it can also be an essay or presentation.

  • Lectures (8 hours)

    Lectures give an introductory overview into the course content. You will attend them together with your fellow students. You take notes and have the opportunity to ask questions.

    Also you can expect guest lectures from experts working in a wide range of economic organisations and fields. 

  • Seminars (6 hours)

    During seminars you will discuss specific subjects from the lectures in small groups. Exercises and practice assignments will help you to become adept with the theory.

  • Practicals (2 hours)

    During practicals you learn how to work with various mathematical and statistical computer programmes.

  • Self-study (20 hours)

    During your study week, you spend time to study theory, and prepare lectures and seminars, exams or presentations.

Real-life case: analysing wages on the US labour market

In your 1st year you already do your own research. For example: how do wages develop in the US? What factors determine the wage of an individual? Do women earn less than males and to what extent? Is personal health an important factor?

Learn how to answer these questions by using real data, economic theory and econometric techniques. Moreover, you will learn under what assumptions your conclusions are valid and when they are not. In the 2nd year of your Bachelor’s you learn what to do if certain assumptions do not hold.

Liselotte Siteur

'It's like doing extremely advanced puzzles'

Liselotte Siteur: 'Data analysis, programming and statistics suit me down to the ground. It's like doing extremely advanced puzzles. You can get stuck sometimes, but once I find that solution, I'm over the moon.' Read Liselotte's full testimonial

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