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Econometrics & Operations Research: Quantitative Economics

Vrije Universiteit Amsterdam
1 year
Full time
Master's degree
On campus
01 September 2021

Program description

Econometrics & Operations Research: Quantitative Economics

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.

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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

Tuition fees

  • EU-EER students fee: € 2,168
  • NON-EU students fee: € 16,630

Continuing studies

PhD student, Junior Economist, Data analyst, Economic analyst, Investment analyst, Consultant Data Analytics, Predictive Modeler, Modeling analyst, Financial Risk analyst, Capital Market analyst, Statistical researcher, Quantitative analyst, Senior Economist, Quantitative researcher, Quantitative methods instructor, Data scientist, Capital Management consultant, Statistician, Statistical officer, Policy analyst, Macro Structure analyst, and many more.

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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 175 English-taught programmes at Bachelor’s, Master’s and PhD level to more than 26,000 students from all over the world. Students and staff...

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Why study at Vrije Universiteit Amsterdam

With more than 24,000 students, of which 4,088 are international, VU Amsterdam conducts cutting-edge research into problems of societal and scientific importance.

They distinguish themselves in research and education through four interdisciplinary themes:

  • Human Health and Life Sciences
  • Science for Sustainability
  • Connected World
  • Governance for Society

As a student this will help you to look beyond the boundaries of scientific disciplines, and to seek for tangible solutions for a better world.

In addition, VU Amsterdam regards diversity, whether in culture, conviction, nationality or prior education, as source of innovation and progress, and hence as special strength.

The Dutch higher education system has been ranked in the top 10 by Universitas 21. In the first Times Higher Education University Impact Ranking, VU Amsterdam is ranked 16th worldwide. In this ranking, universities are assessed based on Sustainable Development Goals (SDGs) in order to measure the impact of the universities on society. In the Academic Ranking of World Universities 2018 (Shanghai Ranking) VU Amsterdam holds the 104th position. The international QS World University ranking 2021 places the Vrije Universiteit at number 236 in the world, which means the Vrije Universiteit belongs to the top 20% of the world.

At VU Amsterdam, the teaching style can be described as student-centred: they encourage students to develop their own opinions through independent and creative thinking. This means that teaching is mainly conducted in small tutorials, where interactivity is the norm rather than the exception. At every opportunity, students are encouraged to engage in constructive dialogue with their professors.

Contact info

Vrije Universiteit Amsterdam

De Boelelaan 1105
1081 HV Amsterdam
Netherlands, the

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