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MSc in Economics and Business Economics of Markets and Organisations)

Erasmus School of Economics
1 year
Full time
Master's degree
Scholarships available
On campus
31 August 2020

Program description

Study economics of markets and organisations in the Netherlands

Do you have the ambition to make a difference and improve the way companies perform on all levels? The economics ofmarkets and organisations program offers you the insights, skills and tools to create solutions not just to the managerial problems of today, but also those twenty years from now.

In this program, you will combine microeconomic theory with empirical techniques and practical applications to learn how recruitment, rewards, job design and decision-making procedures drive human behavior at work and, by extension, organizational performance.

Teaching often draws from the staff’s recent research and their interaction with practitioners.In core courses, electives and seminars you will answer questions like: How should managers motivate employees? Which markets should firms enter? Which information is relevant for decision-making, and how should this information be retrieved?

This program’s elective courses include:

  • Strategy and Organisational Design
  • Empirical Personnel Economics
  • Advanced Behavioral Economics

As well as the following seminars:

  • Economics of Organizations
  • Management Control
  • Recent Advances in Economics of markets and organisations

You will finish your Master with a thesis in which you showcase your acquired skills and insights.

Admission requirements

  • Your degree has to be equivalent to our bachelor program prior to the corresponding master program. The examination board decides whether your obtained bachelor's degree is sufficient for admission to a pre-master program. In any case, the examination board carefully reviews each application. Should your previous education not be sufficient for admission to a master’s degree program the examination board will always review your application for possible admittance for a pre-master program instead. 
  • All programs are taught from a strong quantitative approach. A solid background in mathematics and statistics is a necessity for every program. Your background in mathematics and statistics has to show from your university transcript.
  • Prospective students must show proficiency in the English language and demonstrate this by means of an internet or computer based, Academic TOEFL or Academic IELTS Test Score Report, taken no longer than 2 years before application.

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Program content

The curriculum consists of tool courses, core courses and seminars. The tool courses, Applied Econometrics and Game Theory, provide a foundation for empirical and theoretical analysis. Game Theory trains students to quickly reduce a situation to its essence, and provides insight into situations of strategic interaction. Applied Econometrics equips you with the tools to extract reliable information from available data and assess the credibility of empirical results.

The core courses provide a comprehensive overview of the key insights in organisational economics and industrial organisation and strategy. The insights are discussed using many examples from real-life organisations and markets.

In the electives, students apply the skills and insights obtained in the core and tool courses. In the elective Strategy and Organisational Design the focus is on the interaction between the organisation and its environment. A strategy of a firm refers to its long-run policies. This includes questions such as: how does the decision which markets a firm enters depend on market structure and competitor behaviour? Which intermediate products does a firm produce itself and which does it buy from suppliers? What determines whether organisations delegate decisions to lower level managers? When do firms cooperate and when do they merge? The elective Empirical Personnel Economics studies the effects of incentive pay, job design, teamwork, monitoring, leadership, screening, and other organizational policies that affect employee performance. 

The seminars are the main courses in the programme. Here students conduct short analyses, write research notes, present their findings, and actively participate in classroom discussions. Topics can vary per lecture, ranging from the relation between decision-making and communication to the effects of favouritism and discrimination, or the interaction between intrinsic and extrinsic motivation. Furthermore, students discuss the most recent findings in the field of Economics of Markets and Organisations.

Tuition fees

Master programs

  • EU: EUR 2.006
  • Non-EU: 14.500

Research master programs

  • EU: 2.006
  • Non-EU: 12.000 - 15.800

Studying in a foreign country can be very expensive. Fortunately, the Dutch government subsidizes higher education which leads to lower tuition fees for students with a nationality from a country belonging to the European Economic Area (EEA). In recent years, more and more students from outside the EEA have decided to study in the Netherlands, resulting in a growing demand for academic scholarships. Below you can find the few scholarships that might be applicable to you.

Erasmus Education Fund

Every academic year, the Erasmus Education Fund (EEF) supports several students with a scholarship of 3000 euro's per year. The EEF is only for excellent students who need provable financial support. Students may apply by following the application procedure for the EEF.

Erasmus School of Economics Student Waiver for excellent students from non-EEA countries

The Erasmus School of Economics has created a separate fund to support excellent students. The maximum award of the waiver consists of a tuition fee waiver for the year 2016-2017. Resulting in a tuition fee equal to the statutory fee. Current or prospective students who are awarded this waiver will therefore not themselves directly receive a sum of money.

Holland Scholarship Erasmus University

The Holland Scholarship is financed by the Dutch Ministry of Education, Culture and Science and Dutch research universities and universities of applied sciences. The scholarship is meant for international students from outside the European Economic Area (EEA) who want to do their bachelor’s or master’s in Holland. The scholarship amounts to €5,000.


Master of Science

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About this institute

Erasmus School of Economics

Erasmus School of Economics is one of the world’s leading academic institutions. The school has a long-standing tradition of high-quality education and research. The best Erasmus graduates have made outstanding contributions to science, government, and business. Based in Rotterdam, the...

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Contact info

Erasmus School of Economics

Burgemeester Oudlaan 50
3062 Rotterdam
The Netherlands

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