master econometrics and mathematical economics april 2015

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MSc Econometrics and Mathematical Economics (EME)

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Page 1: Master Econometrics and Mathematical Economics april 2015

MSc Econometrics and

Mathematical Economics (EME)

Page 2: Master Econometrics and Mathematical Economics april 2015

Questions of interest

2

What will Dutch and European inflation levels be in

2018?

In order to decrease unemployment, does it help to

lower minimum wage?

In negotiations, what is a ‘wise’ strategy?

How to finance infrastructure projects?

Page 3: Master Econometrics and Mathematical Economics april 2015

Econometrics and Mathematical Economics

Quantitative analysis of economic problems

using statistical (data) analysis

using mathematical modelling

Focus on

underlying concepts to be prepared for the

unforeseen

techniques and issues in demand of employers

3

Page 4: Master Econometrics and Mathematical Economics april 2015

Broad career opportunities…

• Aegon Risk Manager

• AXA Validation Analyst

• Capgemini SAP Technology Consultant

• Deloitte Consultant Data Analytics

• Greenhouse Data Analyst

• ING Group Market Risk Analyst

• ORMIT Management Trainee

• ProRail Trace manager

• Quintiq Consultant

4

Page 5: Master Econometrics and Mathematical Economics april 2015

… as a result of fundamental training

The Tilburg University EME program focusses on

• sustainable training (techniques and applications)

• lectures by top researchers

• ‘guaranteed’ job opportunities

5

Page 6: Master Econometrics and Mathematical Economics april 2015

Further examples of questions/techniques

How do consumers choose products?

Binary and multinomial choice models

What are job-opportunities for women, elderly,

young?

Structural and reduced form modelling

What is the pension system of the future?

Rational and ‘irrational’ behavior

6

Page 7: Master Econometrics and Mathematical Economics april 2015

and ...

How to invest capital under uncertainty?

Financial and real option theories

How will people respond to tax-rule changes?

Strategic responses versus evidence-based

How to analyze big data?

Statistical principles and concrete techniques

7

Page 8: Master Econometrics and Mathematical Economics april 2015

Student Career Center & TiSEM Career Services

Your career starts now!

We can help you with:

Study/Master choices, Career orientation,

Career & Application skills

We offer:

• Walk-in consultation for CV & letter of application

• Workshops (for example Talent management, LinkedIn)

• Individual support

• Career Mentor Program & Career Portal

More information:

tilburguniversity.edu/studentcareercenter

Visit us now:

On the Master’s Fair from 18.15h to 19.30h in the Academia Building

Page 9: Master Econometrics and Mathematical Economics april 2015

Entry moments

• Two entry moments: September and February

• Entry in September

• Fall semester: 5 courses

• Spring semester: 2 courses + Master’s thesis

• Entry in February

• Spring semester: 5 courses

• Fall semester: 2 courses + Master’s thesis

9

Page 10: Master Econometrics and Mathematical Economics april 2015

Core courses (choose 4 out of 6, 24 ECTS)

10

• Fall semester:

• Empirical Finance

• Microeconometrics

• Panel Data Analysis of Microeconomic Decisions

• Spring semester:

• Dynamic Models and their Applications

• Dynamic Real Investment

• Games and Cooperative Behavior

Page 11: Master Econometrics and Mathematical Economics april 2015

Data Science avant la lettre

Titelpresentatie in Footer 1116-11-2015

• Data as the oil of the future

• TiU strong econometrics background

• Data ≠ Information

• Data and privacy (versus statistics)

• Data Science Methods course among the core (sept 2016)

• also considering the technological aspects

Page 12: Master Econometrics and Mathematical Economics april 2015

Electives (18 ECTS) and Master’s thesis (18 ECTS)

12

• Electives are to be approved

• Quantitative focus, but lot’s of freedom

• Master's thesis (18 ECTS)

• Highly appreciated part of program

• One-on-one supervision

• Written on a subject of choice (to be approved)

• Possibility to combine with internship

Page 13: Master Econometrics and Mathematical Economics april 2015

Entry requirements

13

Bachelor’s program Econometrics & OR

Other background with sufficient mathematics and

statistics

Individual deficiency program (tailor-made pre-

master’s of maximally 30 ECTS)

Page 14: Master Econometrics and Mathematical Economics april 2015

Pre-master would focus on necessary techniques

14

Mathematics

• Mathematical Analysis

• Linear Algebra

• Differentiation and Integration Theory

Statistics

• Probability and Statistics

• Statistics for Econometrics

• Econometrics

Page 15: Master Econometrics and Mathematical Economics april 2015

Netspar track: Netspar is …

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output.

Breimer committee, 2012

290(Inter)national

fellows

59Netspar–Track

students (2015)

20 EFA master

students before

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

20Internships a

year

Average per year, until October 2014

Page 16: Master Econometrics and Mathematical Economics april 2015

• Specialization in four Tilburg MSc Programs

• Finance

• Economics

• Econometrics and Mathematical Economics

• Quantitative Finance and Actuarial Science

• Specific courses

• The Economics and Finance of Pensions (common)

• Dynamic Models and their Applications (EME)

• Panel Data Analysis (EME)

Netspar Track

16

Page 17: Master Econometrics and Mathematical Economics april 2015

• Monthly activities program, including:

• Company visits

• Junior Pension Day (Master’s thesis)

• Discussions and (guest) lectures on hot pension topics

• Internship program with Netspar’s partners

• Access to Netspar Network

• Netspar Thesis Awards

• Netspar certificate with your Master diploma

What Netspar offers

17

Page 18: Master Econometrics and Mathematical Economics april 2015

Post-graduation examples

Research and Development (R&D)

Auctioning (telecom, petrol stations)

Life cycle decisions (savings, portfolio choice, employment, health)

Dynamic investment in capital (computers)

Big data sets (savings, pensions)

Role of Rotterdam and Schiphol for the

Dutch economy

18

Page 19: Master Econometrics and Mathematical Economics april 2015

and …

Macroeconomic developments

(unemployment, GDP, retirement)

Regulation and deregulation of markets

(cartel forming, monopoly, privatization)

Provision of public goods and public utilities

(health care, water, public transportation)

Labor market (minimum wage, migration,

women participation, pensions)

19

Page 20: Master Econometrics and Mathematical Economics april 2015

Program Coordinator

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• Program information

• Planning

• Electives

• Study skills

• Special

circumstances

• Study results

• Extra curricular

activities

Marion van Heijningen

[email protected]

.

Page 21: Master Econometrics and Mathematical Economics april 2015

Admission & Application

21

For all students:

• Enroll via Studielink

Non TiSEM students who want to enroll in a (Pre-)

Master also need to:

• Submit an application for admission

For more information go to:

www.tilburguniversity.edu/education/masters-programmes/admissionprocedure/feb/

Page 22: Master Econometrics and Mathematical Economics april 2015

Questions?

Academic Director

Anja De Waegenaere +316 8325 5784

[email protected]

or

Bas Werker +316 5384 7467

[email protected]

22

Page 23: Master Econometrics and Mathematical Economics april 2015

Break 18.15h till 19.30h

23

Master’s fairCome to the Master’s fair (in Academia building) and get in contact with

companies, students, study advisors and program coordinators!