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Welcome!
Master’s Econometrics & OR
Master’s related to Econometrics and Operations Research
• Econometrics and Mathematical Economics
• Operations Research and Management Science
• Quantitative Finance and Actuarial Science
Entry requirement
Bachelor’s program Econometrics & OR
Or other background with sufficient mathematics and statistics
Schedule
• Fall semester:• Courses
• Spring:• One unit for courses• One unit for Master’s thesis
(possibly internship based)
Scheme of the Master’s Program
Econometrics &
Mathematical Economics
Econometrics and Mathematical Economics
Quantitative analysis of economic problems
Making explicit links between statistical techniques and formulation of economic problems
Giving structure to complex economic problems using mathematical models
Examples
Consumer behaviour Labour market:
Minimum Wages and Labour Supply
Unemployment duration Industrial organisation Game theory ((non)-cooperative behaviour)
Examples (2)
Econometric techniques Real investment decisions Auctions Regulation and deregulation Migration and mortality
Goal of the EME master
To learn and understand economic models To work with mathematical and/or
statistical techniques To select data and information Recognizing complex structures Taking into account uncertainty and
dynamic environment
EME program example
• Games and Cooperative Behavior• Dynamic Real Investment• Micro 3 (Incomplete Information)• Seminar Competitiveness of the European
Economy• Management Science• Microeconometrics• Operations Research and Management
Science in Practice
EME program example (2)
• Panel Data Analysis of Microeconomic Decisions
• Microeconometrics• Econometric Theory• Empirical Finance• Quantitative Models in Marketing• Nonlinear and Robust Optimization• Issues in Finance and Insurance
Possibilities after graduation
Working for a big company Working for a consultancy firm Working for the government Working for a non-profit
organisation Research Master and PhD
Working for a big company or consultancy firm
Research and Development (R&D) Auctioning (telecom, petrol
stations) Mergers and take-overs
(competition) When to invest in capital
(computers) Big data sets (savings, pensions) Role of Rotterdam and Schiphol for
the Dutch economy
Working for the government or non-profit institution
Privatisation or liberalisation of markets (electricity, telephone, railroads)
Provision of public goods and public utilities (health care, water)
Labour market (minimum wage, 5 x 8 or 4 x 9, women participation)
Regulation and deregulation of markets (monopoly, competition)
Operations Research & Management Science
Operations Research & Management Science • Operations Research (OR), also known as
Management Science (MS), is a collection of techniques based on mathematics and other scientific approaches that seeks solution to “best” design & operate a system.
• Usually requires the allocation of scarce resources.
• One distinguishing feature of operations research is that it is not application specific.
Today: Optimization is Everywhere Mathematical optimization has become commonplace
in:• Air traffic control• Business games• Criminal justice• E-business• Energy• Financial services• Genetics• Health care• Logistics/supply chains
> Manufacturing> Marketing> Operations
management> Product design> Production Planning> Public systems> System design> Telecommunications> Transportation
Goal of the ORMS Master’s programs
To learn OR models and techniques
To work with modern modelling software
To formulate & solve practical decision problems
To be aware of and to be able to handle non-quantitative aspects of real-life problems
ORMS at the forefront of contemporary engineering & management education!
ORMS Master’s Program
Core courses in ORMS (24 Ects)• Operations Research and Management Science
in Practice• Simulation• Management Science
• Nonlinear and Robust Optimization
Electives (18 Ects)
Master’s thesis (18 Ects)
Other interesting courses
From MSc EME, QFAS
- Games and Cooperative Behavior, Dynamic Real Investment
From other Master’s programs
- Physical Distribution Management, Business Intelligence
National OR-network courses (LNMB, Utrecht)
- Scheduling, Queueing Theory
Job opportunities
A lot of opportunities:
OR consultant at an OR center or OR department of a large firm Management consultingManagement support (manufacturing, service)Application providers (SAP, i2, etc.)
• Application builders• Solution builders• Implementers
Research institutes (TNO, …)
Also inside an university:Getting a PhD
Working at an OR consultancy
OR advice centres
OR departments
and many other
OR software
SCTIncontrol
Where to find additional information
Visit Jalal Ashayeri or Edwin van Dam
Quantitative Finance & Actuarial Science
Master Quantitative Finance and Actuarial Science
Quantitative Finance:• valuation of contracts• investment strategy• risk management
Actuarial Science:• insurance• pensions
Examples (1)
Treasury
Examples (2)
Pension reform
Examples (3)
Securitization of insurance products
Courses
Core courses (24 Ects)• Financial Models• Empirical Finance• Pension System Design• Issues in Finance & Insurance• Dynamic Real Investment
Electives (18 Ects)Master’s Thesis (18 Ects)
Electives
From Master Economics and Finance of Aging:
• Introduction to Economics and Finance of Aging• Micro-Economics of Life Cycle Behavior• Investment Analysis of Aging and Pensions
From Master Finance: • Courses in corporate finance
Continuing in Actuarial Science
• The Executive Master in Actuarial Science (EMAS) leads to the degree of “Actuaris AG”. This program has been developed by TiasNimbas Business School together with the Dutch Actuarial Institute (Actuarieel Instituut, AI).
• EMAS is a 2.5-year part-time program, to be taken in combination with a job in the insurance/pension industry. The program is accessible to QFAS graduates after completion of preparatory AI modules on Insurance Practice and Insurance Law.
Career opportunities (1)
Banks, insurance companies, traders (ABN-
AMRO, ING, Rabobank, SNS Reaal, Aegon,
Interpolis, Fortis, Robeco, Optiver, IMC,
etc.)
Pension funds (ABP, PGGM, etc.)
Regulators (DNB, AFM)
Career opportunities (2)
Consultancy firms (Mercer, Watson Wyatt, Towers Perrin, Hewitt, Aon, KPMG,PricewaterhouseCoopers, Deloitte, Ernst & Young, ORTEC, Cardano, etc.)
Corporations (treasury, risk management, commodity futures, energy) (Shell, Nuon, Essent, etc.)
Career opportunities (3)
Continuation of studies
• EMAS• Research Master (enter in 2nd year)• PhD program
For top students
Prepare for PhD
Great Rankings
Excellent Funding
International setting
Good Job Opportunities
Top Scholars
Visit us this evening at the Information Market or
at the Meet&Greet, 3 December (by invitation)
Research Master Business or Economics:
38School of Economics and Management
3910-04-2023
Teacher of Economics or Management & organization
From September 2013 3rd years Bachelor’s
students can start with the first 15 ECTS
As of September 2014 the full program starts
More information
www.tilburguniversity.edu/master/lerarenopleiding
prof. van Dalen [email protected]
University Teacher Degree
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