The Master's in Economics has been developed for the prospective professional economist who aims to pursue a career either in the public or the private sector. It teaches you the essentials of modern economic theory and data analysis and how to apply them to everyday problems. Areas of focus include poverty and inequality, financial markets, economic growth and the environment.
The Master's programme in Economics is a high quality one-year programme consisting of 60 EC, which teaches students the knowledge and skills of professional economists. In particular, the programme equips students with the essential tools of economics, shows how these tools should be applied in real life societal and market challenges and discusses which (policy) conclusions can be drawn. Students learn to understand the academic literature and identify the key contributions in the field of economics. They learn to work in groups as well as independently and they learn to present their research findings both to expert and non-expert audiences.
To support successful participation in the master's programme in Economics, we refresh knowledge of mathematics (derivatives, Lagrange multipliers and matrix algebra) and programming (econometrics and data management using software Stata) in the last week of August. Students with a valid VUnet ID can then get access to all of the course materials on Canvas.
The Master’s programme in economics has two tracks. The first is the programme in Public Policy, which focuses on how economists should advise policy makers to deal with the main societal challenges related to urbanization, globalization, inequality, climate change and the welfare state. The programme in Public Policy has a fixed curriculum without electives. The second track is the regular programme in Economics. By choosing a fixed combination of electives, in combination with a suitable thesis topic, you can opt for one of the four areas of specialization (Development Economics, Global Challenges, International and Macroeconomic Policy, or Labour and Health). However, as specializations are optional combinations of courses, you may freely pick and mix elective courses from the four specializations, and from an extended list of courses, possibly to broaden their academic interest rather than studying one specialization in depth. In this case, no specialization will be mentioned on the diploma supplement. In addition, one of the three elective courses may be chosen from outside this list, for instance from related, other master-level courses and courses taught outside the faculty. This choice is subject to prior approval by the examination board.
The MSc Economics is a one year full-time programme, is taught in English, comprises 60 EC, and consists of several specializations.