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Econometrics & Operations Research: Quantitative Economics

Vrije Universiteit Amsterdam
1 year
Full time
Master's degree
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Application deadline: 01 April 2020
2,143 EUR excl. VAT

Program description

Quantitative Economics is a specialization of the Econometrics and Operations Research master's programme. This in-depth study into cross-roads of applied econometrics and economics offers you the challenge to explore the active research fields of microeconomics, macroeconomics and/or macro-finance.

Econometrics connects to many academic disciplines including mathematics, statistics, economics, finance, and business studies, and is primarily concerned with the science and art of using economic theory and statistical techniques to analyse economic data. This programme offers you the chance to explore the classical and general intersection of economics and econometrics

Keywords: Algebra, Calculus, Regression methods, Multivariate panel data, Dynamic models, Macro-economics, Micro-econometrics, Time Series, Forecasting.

Admission requirements

We welcome motivated and ambitious students who are interested in advancing their knowledge in Econometrics and related subjects, and are aware of their role in society. In order to be successful in this programme you will need a solid basis in mathematics, statistics and econometrics. In particular we expect that you have passed courses in mathematics (calculus, analysis), probability, mathematical statistics, and econometrics. A basic knowledge in computer programming is also required.

Admission requirements

The track Econometrics of the Master programme Econometrics and Operations Research, with specializations Econometric Theory, Financial Econometrics, Empirical Marketing, and Quantitative Economics, is open to students with a university Bachelor's degree that provides a thorough knowledge in mathematics (analysis, calculus), probability, (mathematical) statistics, econometrics and computer programming. You need to have successfully completed courses and studied literature related to the core of this programme, which is based on the following books.


  • Calculus Early Transcendentals, James Stewart, Cengage Learning, International Metric Edition - 7th Edition, 2011.
  • Linear Algebra and its Applications, David C. Lay, Steven R. Lay and Judi J. McDonald, Pearson Education, 5th Edition, 2016.


  • A First Course in Probability, Seldon M. Ross, Pearson Education, 9th Edition, 2013.
  • Fundamentals of Probability, with stochastic processes, Saeed Ghahramani, CRC Press, Taylor and Francis Group, 3rd Edition, 2016.

Mathematical Statistics:

  • Statistical Inference, George Casella and Roger L. Berger, Cengage Learning, 2008.

Introductory Econometrics

  • Introduction to Econometrics, James H. Stock and Mark W. Watson, Pearson Education, 3rd Edition, 2014.
  • Introductory Econometrics: A Modern Approach, Jeffrey M. Wooldridge, Cengage Learning, 2013.  

Intermediate Econometrics

  • A Guide To Modern Econometrics, Marco Verbeek, Wiley, 5th Edition, 2017.

Basic skills in Computer Programming in Python, R, Matlab, Ox or Java.

In most cases, approval is given to students who have completed:

  • a Bachelor's programme in Econometrics and Operations Research at a Dutch university
  • the VU SBE Minor programme Applied Econometrics: A Big Data Experience for All, 30 EC (5 x 6 EC courses) with a GPA of at least 7.5 — PLUS two VU SBE Bachelor third year courses in Econometrics
  • the VU SBE deficiency programme Econometrics

Application procedure

To enroll in the programme submit your enrolment application via Studielink.

Please note: in Studielink you can apply for the Master in Econometrics and Operations Research and in VUnet you can select the specialization Econometrics.

Step 1:
Apply for the programme MSc Econometrics and Operations Research via Studielink. You can register for the specialization Econometrics in VUnet (see step 2)

Step 2:
After application in studielink you will receive a VUnet-ID and password. Please complete your application in VUnet by answering additional questions, affirming  your choice for the specialization Econometrics and uploading the following document:

  • a formal transcript of your bachelor grades. Your transcript must include an average score (GPA).

Please note: we can only process your application when your choice of specialization is clear and you uploaded your transcript. 
Step 3:
The admission committee will assess if you meet the admission criteria and will inform you about the decision via email.

Program content

Three core 6 EC courses (compulsory):

•    Advanced Econometrics
•    Multivairate Econometrics
•    Time Series Models

Three specialization courses (compulsory):

•    Advanced Microeconomics
•    Advanced Macroeconomics
•    Research Project Economics

One elective 6 EC course:

•    Geographic Information Systems
•    Economics of Climate Change
•    Financial Markets and Institutions
•    Transport Economics 
•    Big Data Analytics
•    Globalization, Growth and Development
•    Human Development
•    Industrial Organization and Competition Policy
•    Labour Economics

Thesis (18 EC): an in-depth study on a challenging topic in econometrics with emphasis on theory, methodology or computing.

Computer Programming Bootcamp

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About this institute

Vrije Universiteit Amsterdam

Welcome to Vrije Universiteit Amsterdam

Vrije Universiteit Amsterdam (‘VU Amsterdam’) is an internationally renowned research university founded in 1880. The university offers over 170 English-taught programmes at Bachelor’s, Master’s and PhD level to more than 24,000 students from all over the world. Students and staff...

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Contact info

Vrije Universiteit Amsterdam

De Boelelaan 1105
1081 HV Amsterdam
Netherlands, the

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