Economics and Business Economics
Would you like to become an economic expert in topics such as financial decision-making by firms, fiscal or monetary policy of governments, or trade and international business? Then this is the programme for you.
The three-year Economics and Business Economics Bachelor's degree is entirely in English. You will learn how business experts and policymakers attempt to stimulate both corporate and economic activity. The programme will give you the theoretical tools and analytical skills needed to address complex issues.
During the first year - the foundation year - all students take the same course units. In year two, you will either specialise in Business Economics, Economics or International Economics and Business.
* Business Economics focuses on decision-making within an organisation from an economic point of view. * In Economics, you learn to develop models with which to obtain an understanding of economic phenomena. * International Economics and Business focuses on the economics of globalisation and its impact on firms’ strategies and government policies.
After finishing the Bachelor's degree, you can continue as a master student at the University of Groningen.
Facts & Figures
- Course type
Economics and Business Economics is an internationally accredited programme, ensuring a high quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide. Economics and Business Economics is a complete programme: you start with a broad foundation year in which basic economic theory and business issues are covered, and then choose the profile that interests you most.
During the first year of the programme you will take the same courses as your fellow students. These include introductions to Finance and Financial Accounting, International Economics, International Business and Marketing. You will also tackle the fundamentals of Micro- and Macroeconomics, Mathematics and Statistics. You will write a short research paper, an essential aspect of academic life. Finally, you will take an English language course to develop academic writing and presenting skills.
|Financial Accounting (5 EC)|
|Marketing (5 EC)|
|International Economics (5 EC)|
Building on the broad foundation provided in the first year, you and your fellow students will continue with courses such as Monetary Macroeconomics, Trade Policy and Economic Integration, Industrial Organization, Finance, Mathematics, Economics of Banking and Econometrics. In addition to these courses, you will choose between a profile in:
- Business Economics
|BE - Matrix Analysis and Optimization (5 EC)|
|BE - Microeconomics - Industrial Organization (5 EC)|
|BE - Operations and Logistics Management (5 EC)|
|BE - Philosophy and Ethics of Business (5 EC)|
|ECO - Capital Structure and Financial Planning (5 EC)|
|ECO - Econometrics for Economics (5 EC)|
|ECO - Economics of Banking (5 EC)|
|ECO - Empirical Research Paper for Economics (5 EC)|
|ECO - Growth, Institutions and Business (5 EC)|
|ECO - History of Economic Thought (5 EC)|
|ECO - Intermediate Mathematics (5 EC)|
|ECO - Matrix Analysis and Optimization (5 EC)|
|ECO - Microeconomics - Industrial Organization (5 EC)|
|ECO - Monetary Macroeconomics (5 EC)|
|ECO - Public Finance (5 EC)|
|ECO - Trade Policy and Economic Integration (5 EC)|
|IE&B - Capital Structure and Financial Planning (5 EC)|
|IE&B - Econometrics (5 EC)|
|IE&B - Economics of Banking (5 EC)|
|IE&B - Empirical Research Paper (5 EC)|
|IE&B - Global Development Studies (5 EC)|
|IE&B - Growth, Institutions and Business (5 EC)|
|IE&B - International Business Strategy (5 EC)|
|IE&B - Matrix Analysis and Optimization (5 EC)|
|IE&B - Microeconomics - Industrial Organization (5 EC)|
|IE&B - Monetary Macroeconomics (5 EC)|
|IE&B - Philosophy and Ethics of Business (5 EC)|
|IE&B - Trade Policy and Economic Integration (5 EC)|
|BE - Monetary Macroeconomics (5 EC)|
|BE - Trade Policy and Economic Integration (5 EC)|
|BE - Management Accounting (5 EC)|
|BE - Capital Structure and Financial Planning (5 EC)|
|BE - Econometrics (5 EC)|
|BE - Economics of Banking (5 EC)|
In the third year you will take a Minor. Options are: a Minor offered by your own degree programme, a Minor from a different faculty of the UG or a Minor that involves studying abroad for a full semester – be that in Europe, Latin America, Australia, Canada, China, the USA or elsewhere in the world. For students with the International Economics and Business profile, a stay abroad is compulsory. At the end of the third year you will write your Bachelor's thesis.
|BE - Corporate Finance (5 EC)|
|BE - Faculty Minor or University Minor or Foreign Minor (study abroad) (30 EC)|
|BE - Financial Statement Analysis (5 EC)|
|BE - Intermediate Asset Pricing (5 EC)|
|BE - Marketing Research (5 EC)|
|ECO - Bachelor's Thesis (10 EC)|
|ECO - Faculty Minor or University Minor or Foreign Minor (study abroad) (30 EC)|
|ECO - Intermediate Macroeconomics (5 EC)|
|ECO - Intermediate Microeconomics (5 EC)|
|ECO - Labour Economics (5 EC)|
|ECO - Political Economics (5 EC)|
|IE&B - Bachelor's Thesis (10 EC)|
|IE&B - Foreign Minor (study abroad) (30 EC)|
|IE&B - Globalization - MNES & Institutions (5 EC)|
|IE&B - Globalization - The Great Unbundlings (5 EC)|
|IE&B - Growth and Development Economics (5 EC)|
|IE&B - International Financial Markets (5 EC)|
|Business Economics (profile)
What is the best way to run an organization? In the profile Business Economics, you learn to understand decision-making within an organization from an economic point of view.
The Business Economics profile offers a high-quality practical and theoretical academic foundation for any profession within the field. The focus is on core subjects from Business Economics: finance, accounting, marketing, operations and logistics and human resource management. In addition, you will get a firm base in general economic theory. Via this combination of Business and Economics courses you learn to view the functioning of organizations from an analytic, microeconomic as well as a macro- and international economic point of view. You also receive ample training in mathematics, statistics, applied econometrics, and research skills in order to be able to do individual academic research in Business Economics. In addition, you develop your academic writing skills through writing several theoretical and empirical papers and, finally, the Bachelor's thesis.
Are you interested in economic and social problems? Then the Economics profile may be the perfect choice for you.
Economists develop models to obtain an understanding of economic phenomena. They look at economic data, try to make sense of it and explain its implications. It could be said that economics is a way of looking at the world. As such, the number of applications is almost limitless. Therefore, in this profle, a wide range of topics is addressed, like banking, fiscal and monetary policy issues, the origins of economic growth, decisions made by consumers on markets, and strategic behaviour and competition between firms on markets. The Economics profile offers a high-quality practical and theoretical foundation for any profession in this field. The focus on both theory and practice prepares you for professional life. You will learn about general economic theory and take core courses in both Macroeconomics and Microeconomics. A crucial part of the curriculum is learning to apply theory in practical situations. When you are writing your Bachelor's thesis, you will use this skill.
|International Economics and Business (IE&B) (profile)
Are you interested in problems of globalization and development? In this profile, you will learn how to analyse these problems from an economic point of view.
The world has become more and more integrated by increasing international trade and international capital flows. Strategies of firms and governments have to be adjusted to changing international circumstances. The International Economics and Business profile gives you the tools to understand and possibly influence the behaviour of international companies, intergovernmental organizations and non-governmental agencies in a global business environment. The IE&B profile offers solid academic training as an economist with a strong international orientation. The core of the profile consists of courses in both International Economics and International Business. International Economics deals with international trade, the internationalization choices of firms and the consequences for e.g. labour markets, but also with the determinants of international capital flows and exchange rates. International Business concentrates on the main characteristics and activities of international corporations and how strategic decision-making of multinational enterprises is affected by national economic, social, political and cultural environments.
- Maximum of 30 EC
In the IE&B profile you have to study abroad during your Minor in the third year.
For the other two profiles you are not obliged to study abroad, but it is optional.
- academic propedeuse
It is also possible to enter the programme with a HBO propaedeutic certificate, on condition that you meet the required level of mathematics. You must at least have taken mathematics A or B at Dutch VWO level.
Matching is a procedure for students who want to apply for a Bachelor programme without a decentral selection procedure for the academic year 2019-2020. Read more about the matching procedure: http://www.rug.nl/feb/education/admission-application/matching/.
If Mathematics is not/has not been one of your final-year subjects during your pre-university education (or you took the lowest level, e.g. Maths Studies) then you will need to show proof of your level of Maths proficiency. For more information, please check our site at hhttp://www.rug.nl/feb/education/admission-application/intl-route/1
|other admission requirements|
The Dutch government intends to halve the statutory tuition fees for specific groups of first year bachelor's students starting from the 2018/19 academic year.
A Master's degree in Finance offers career opportunities in corporate finance, corporate governance, financial markets and portfolio management, with job opportunities at multinationals such as PwC, Google, Coca-Cola, or Toyota.
A Master's degree in Economics grants you access to the world of banking or the government sector, where you could help develop social programmes. A Master's degree in International Economics and Business opens the gateway to multinationals, intergovernmental institutions or international organizations. All of these degrees could help you become an analyst for a research institute, consulting firm or university. If you choose the Research Master's degree programme you could move into academia and perhaps decide to go further and earn a PhD at a university in the Netherlands or abroad. Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide, your degree will be highly valued on the labour market.
FEB Career Services To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies. Check: FEB Career Services.
- Financial or Asset Manager
A Master's degree in Finance offers graduates attractive career opportunities in many different areas. You could end up as a financial or asset manager. Or maybe corporate governance, risk analysis or stock trading is your thing. You will be ready to start work at multinationals such as PwC, Google, Coca-Cola or Toyota. Studying Finance will open a wide range of opportunities to you.
- Analyst or Financial Advisor for banks
A Master's degree in Economics may lead you to the world of banking, where you might become an analyst or financial advisor, or you could work in the policy department of a central bank, perhaps analysing the impact of monetary and economic policy. You might choose the government sector, beginning in an advisory role and moving on to a management position. You could help develop important social programmes and devise ways of administering them.
- Expert in International Economics and Business
A Master's degree in International Economics and Business will provide you with the credentials to work for a multinational or any kind of governmental institutions or international organizations. You might become an analyst for a research institute, consulting firm or university.
Linking education to research and career preparation
Our education is strongly rooted in business practice and society. Also right from the start of your degree programme attention is paid to academic research and preprofessional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.
In collaboration with external partners we conduct research projects on e.g banking, local government, customer insights, leadership, energy, healthy ageing and lean operations.
If you want to know more about the programme Economics and Business Economics, please contact:
- Ask Your Question Here (Please fill in this contact form. We will answer your question within 72 hours.)
"A challenging and diverse job"– Laurens-Jan Sipma
'After graduating I began an internship at NIBC, a Dutch merchant bank. Soon I could join the NIBC Infrastructure & Renewables team. We finance projects ranging from road and prison building to telecom infrastructure. We were one of the banks that financed the A15, a motorway connecting Maasvlakte 2 to Rotterdam. In my Master I specialised in corporate finance and quantitative skills. During my studies I was taught many aspects of the business environment. This was very useful in my work.'
– Stanislava Todorova, Bulgaria
I decided to come to the Netherlands because I thought it would be somewhat more challenging and interesting than the usual destinations Bulgarian students choose to acquire a degree. The idea of studying in such an international environment, where I can meet students from all over the world really appealed to me.
Here I am given the chance to set my own agenda. I have control over my study process, and what I achieve is determined solely by me. Studying in Groningen is not easy and you have to work hard. Nevertheless, you can have a lot of fun as well as extraordinary experiences, which makes Groningen so unique. It is a wonderful town for students because there is so much to do outside the university as well. I am happy that I have chosen Groningen, it is just perfect for a Bachelor's student!
The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.
- A minimum of 45 EC in the first 12 months (binding)
You will be offered study advice after first year of study. You can expect a positive result if you have earned more than 45 ECTS credit points (out of a total of 60 ECTS). If you have earned fewer than 45 ECTS and are issued a negative result, you will not be allowed to continue with your degree programme.
You will receive preliminary study advice in December to make sure that you know where you stand. Please contact your study advisor as soon as possible if you have any questions about the BSA system. N.B. Some degree programmes use a tutoring system; please check with your study advisor.
As a student, you are expected to work independently, but of course, the faculty will help you do so. Together with other first-years, you will participate in a mentor group. The mentor, a senior student, will help you learn the ins and outs of the faculty. In addition, you will discuss your study progress with your tutor (a lecturer-supervisor) at regular intervals. The study advisers are available to help you with specific study problems.
During the first year, your mentor group, called Study Performance and Academic Attitudes (SPAA) group, will meet on a regular basis, supervised by your student-mentor. Assignments and discussions will help you gain insight into your own way of studying and how to develop effective study skills. You will follow most tutorials with the same group. This small-scale approach enhances contact between students and between students and lecturers. You will also have a lecturer-tutor, whom you will meet individually at the start of your studies and after the first two exam periods. This way you receive personal and regular feedback on your study progress. Successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert with whom you can discuss your study progress and personal circumstances.. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.