Econometrics and Operations Research

Do you want to learn to forecast economic developments or to create IT solutions to solve production issues? The Econometrics and Operations Research program from Maastricht University allows you to do just that. Econometrics is used in every area of economics, from business and finance to macro- and micro-economics.  

This Econometrics and Operations Research program from Maastrich University brings together the areas of econometrics and operations research. Econometrics provides support to economic decisions using quantitative data and techniques from mathematics, statistics and computer science. And Operations Research uses advanced mathematical tools to solve complex problems and optimise processes, such as transport logistics, routing and scheduling.

Organisations today face global competition, economic crises and complex decision-making processes. Therefore, calls are growing ever louder for economists who have the advanced technical training and quantitative skills to solve real problems. This program gives you a unique profile to respond to these needs in government, finance, consulting and more.

What you’ll actually do:

• Gain in-depth knowledge in the areas of econometrics, operations research or specialisation you design yourself
• Use multidisciplinary techniques to analyse complex problems (e.g. the construction of a new national road system, the allocation of donor organs to patients, etc.)
• Work in small tutorial groups, developing close working relationships with your fellow students and instructors

Career

Most graduates of this track go on to become qualified actuaries. There is a huge demand in this industry. ABP and AZL pension funds actually approached Maastricht University and asked us to offer this track to meet the current shortage of actuaries. However, you can also apply for many roles in banking or insurance that require a similar skillset. Econometricians acquire techniques in investigating large sets of data, which can be used in many industries.

Courses include

• Stochastic Processes

• Game Theory and Optimisation

• Topics in Computational Econometrics

• Operations Research Software

• Topics in Computational Actuarial Methods