Econometrics and Operations Research: Econometrics and Data Science

A new specialization at VU Campus in Amsterdam

Econometrics and Data Science

AACSB

An inspiring study for the data challenges of tomorrow

The Econometrics and Data Science (EDS) is a new specialization in the Econometrics and Operations Research bachelor's programme. This specialization will offer you an inspiring and challenging study that is ideal for today’s digital world. The Econometrics and Data Science specialization is international oriented, fully taught in English, and will provide you with the necessary theoretical knowledge to succeed as an econometrician and data scientist for:
  • Companies providing services on the internet, such as Google, Amazon and Booking.com
  • Banks, financial institutions and consultancies, such as ING, ABN Amro and Deloitte
  • Economic decision centers, Research institutes, Central Banks and Governments

After having completed the Econometrics and Operations Research: Econometrics and Data Science Bachelor, you can become a specialist in analyzing complex economic and financial data. With your unique knowledge you can help shape the operations and marketing strategies of companies, the performances of banks, or the decisions of governments.

The disciplines at the core of the Econometrics and Data Science specialization: mathematics, computer science, statistics, econometrics, machine learning, economics, finance and marketing. With this specialization you will also explore the strong connection between econometric and machine learning techniques. This is a unique and promising feature of the Econometrics and Data Science specialization.

“There are a number of opportunities for fruitful collaboration between econometrics and machine learning.
Hal Varian (Chief Economist at Google)

This specialization will help you to develop an integrated perspective to Econometrics and Data Science. You will learn to think analytically and gain a balanced overview of diverse and interconnected issues on collecting, analyzing, modeling and forecasting data. You will also learn how to visualize data and how to present your findings, results and conclusions. The Econometrics and Operations Research: Econometrics and Data Science specialization is a technical and hands-on study that will prepare you for any future!

International experts in econometrics and data science are looking further

VU Amsterdam is an internationally oriented university campus and is engaged in world-class teaching and research. The Econometrics and Data Science specialization benefits highly from VU since the programme is truly multi-disciplinary. Our courses in the diverse fields of mathematics, computer science, statistics, econometrics, finance, marketing, and ethics are delivered by the key specialists in their fields who are all residing on the VU Campus in Amsterdam, opposite to the financial district Zuidas. The Econometrics and Data Science specialization is a co-creation involving four major stakeholders: academics, employers, current students and alumni. This has resulted in a uniquely positioned Bachelor specialization that develops international leading Econometricians and Data Scientists who can make their first steps into research, professional and citizen organizations. With this bachelor you will become a specialist in data analysis, valued by companies like Amazon, Booking.com, Google, Uber, etc. but also financial institutions, consultancy firms, e-commerce organizations, app-developers, start-ups exploring the latest developments such as App-Annie, PPC (pay-per-click), A/B testing, Fintech, etc.

Want to become an econometrician and data scientist?

Are you ambitious? Do you like mathematics? Are you internationally oriented? Do you want to develop your computer skills? Are you intrigued by the Big Data challenges in our societies? Do you want to enhance your analytical skills? Are you prepared to cross boundaries and borders? Do you want to study Econometrics? If so, we would be happy to welcome you as a Bachelor student Econometrics and Data Science at VU Amsterdam, close to the Zuidas.

Keuzegids Universiteiten 2019

After you have graduated from this specialization you will receive the title of Bachelor of Science (BSc) in Econometrics and Operations Research, specialization Econometrics and Data Science. We are in the process of acquiring a separate International BSc in Econometrics and Data Science and we are expecting the approval of this Econometrics and Data Science BSc in 2018. VU Amsterdam offers you a broad range of options for continuing your studies after you have completed your Bachelor study, see our Master's platform.

The Master's programmes in Econometrics and OR, Computer Science, Statistics, Business Analytics, and others are clear candidates for continuing your studies after the Econometrics and Data Science Bachelor. This specialization is also an excellent start if you want to launch your start-up company, because you will have gained an understanding of the latest developments in Data Science.

If you have obtained or will obtain a Dutch diploma, please check the criteria on our Dutch webpage.

Admission criteria for international applicants
Applicants holding a pre-university diploma from another country must meet a number of requirements. If you do not yet meet the requirements but expect to do so in the future (such as obtaining your diploma), you can already apply. We will evaluate your application and inform you of our admission decision. All outstanding requirements need to be met in full by the time you enrol for the programme.

Admission to the programme will remain conditional until your diploma is awarded and your admission becomes unconditional. Requirements that apply: 

1. A diploma equivalent to the Dutch pre-university VWO diploma
See the Diploma Requirement List for examples of accepted diplomas per country. Please note: this list is meant to give you an indication of admissibility; no rights can be derived from it.

2. Proof of sufficient proficiency in English
See the General Admission Requirements for the English language requirement. You can begin your application before you have completed the test and then submit your passing score once you have been conditionally admitted.

3. Proof of sufficient proficiency in mathematics
After you apply to the programme and upload the required documents in VUnet (Student Portal), the International Student Advisor will have a look at your transcripts to determine whether your mathematics level is sufficient. These examples of diplomas demonstrate sufficient proficiency in mathematics:

  • International Baccalaureate: mathematics Higher Level
  • United Kingdom/GCE A-levels: A-level in mathematics completed with a grade A, B or C
  • Germany: Zeugnis der allgemeinen Hochschulreife including mathematics Leistungskurs as as Prüfungsfach

If you do not meet the mathematics requirement but have an otherwise strong application, you could still be accepted with a conditional offer. You would then be asked to participate in an entry test in mathematics. If participation in the exam is necessary this will be communicated to you in the offer letter. Mathematics Exams (available in English and accepted by Vrije Universiteit Amsterdam):

  • Boswell-Bèta (English[BVP1]). Boswell-Bèta in Utrecht (the Netherlands) provides a mathematics B course in English with exams in December, May and July
  • CCVX (Dutch and English)[BVP2]. CCVX offers mathematics exams equivalent to the Dutch VWO mathematics B level for Dutch-speaking and English-speaking applicants.

A positive result for the mathematics examination (5,5/10) is compulsory for admission to the programme.

Online Summer Prep-Campus
Even if you meet the mathematics requirements, some students find it difficult to know what is expected of them. From our experience, the math courses in the first period are major stumbling blocks for many students. This is why we have decided to offer an Online Summer Prep-Campus, so that you can refresh your math knowledge and start university with the math you need. Please visit our Online Summer Prep-Campus website.

Nuffic Certificate for Chinese students
Chinese students who wish to enrol on a programme taught in English at a Dutch higher education institution are required to apply for a Nuffic Certificate. More information on the Nuffic Certificate for Chinese students.

Application process
Please check our step-by-step application guide for more information.

International applicants will be asked to submit the following documents:

  • Transcript(s) of records (e.g. High School grade list)
  • Curriculum Vitae (your personal details, previous education and any relevant work experience in approximately one A4 page)
  • Copy of valid passport
  • English language test results (if already obtained)

Deadline: International students who require a student visa must apply before 1 April. Students who do not require a student visa must apply before 1 May. You will be informed about your admission within four weeks after the completion of your application (including all required documents).

Ready to apply? Great! Click here to start your application.

The VU Matching system allows you to check whether you’re making the right degree choice. It’s a two-step process: fill in a digital questionnaire as part of your application, and take part in an online matching activity. 

Please note that your participation in the online matching activity is mandatory—if you have not taken part, you cannot register for the programme. After you have completed the online matching activity, you will receive a personalized recommendation enabling you to make your final decision with confidence. If you apply for the programme before 1 May, the recommendation is not binding. If you apply after 1 May, the recommendation is binding. If you receive a negative binding recommendation, you cannot register for this programme. 

If you are a student with a Dutch degree, please find your information about VU Matching for this programme here.  

More information about VU Matching

If you have any questions about matching, email matching.sbe@vu.nl


Do you have questions about the course content or information activities? Get in touch via contact@vu.nl.

International Student Advisors
For questions about admission, entry requirements and other matters, please contact the International Student Advisor via bachelors.sbe@vu.nl.

Contact a student ambassador
Would you like to hear from an international VU student about their student journey, what it is like to study at VU, the programme that they are doing and/or their student life in Amsterdam? Contact our student ambassadors! Our student ambassadors come from all over the world and would be happy to answer all your questions. Feel free to contact the board members of the study association Kraket; secretary@aureus-vu.nl. They will be more than willing to put you in touch with a student who is currently participating in this programme.

Student-for-a-day
Find out what it’s like to be a student for a day at the campus in Amsterdam’s Zuidas. Sign up now for the Taster Day!

How will you be spending your time?

The specialization Econometrics and Operations Research: Econometrics and Data Science is a full-time study, all courses are taught in English and all other communications are in English. The programme takes three years to complete. An academic year has two semesters (September-January and February-June). A semester consists of two consecutive two-months blocks and a one-month block. You will work intensively on two courses simultaneously but some courses are spreaded over two blocks. During the one-month blocks at the end of the semesters, you will work on assignments in student teams. You will practice the academic skills, research methods and personal development, with an international orientation.

In the first year of the Econometrics and Operations Research: Econometrics and Data Science specialization, the focus is on providing you with more mathematical skills (Analysis and Linear Algebra), key programming skills (Introduction to Programming with C or Java), and the foundations in statistics (probability and mathematical statistics). We also offer introductory courses in data science, economics, finance and ethics, in the first year. The second year is truly focussed on Econometrics and Data Science with introductory and intermediate courses in numerical methods, econometrics, data science (data structures, information retrieval, databases), statistics (computational statistics, multivariate statistics) and ethics. Throughout the first two years of the Bachelor, several data science cases (practical and hands-on) need to be carried out by groups of students. During the first semester of the third year the student follows a Minor programme; our recommendation is the Minor Applied Econometrics: a Big Data Challenge for All. The second semester in the third year offers three in-depth courses (dynamic econometrics, machine learning and financial econometrics) and is completed with a Econometrics and Data Science Project Thesis that is developed in cooperation with a group of data science companies and includes a lecture series and personal support from well-known data companies.

This programme reflects the interdisciplinary nature of Econometrics and Data Science: working with data requires the mastery of many skills and concepts, including those traditionally associated with the fields of statistics, computer science, economics, finance, ethics and others. The Econometrics and Data Science bachelor blends much of the pedagogical content from these disciplines but it is not the simple intersection. The integration of courses, with a balanced focus on theory and application, is a fundamental feature of an effective Econometrics and Data Science specialization programme and results in a synergistic approach to problem solving.

In a nutshell, the key competencies for the specialization Econometrics and Operations Research: Econometrics and Data Science are

  • Mathematical foundations
  • Computational and statistical thinking
  • Econometric model building and assessment
  • Algorithms and software foundation
  • Data Curation
  • Knowledge transference, communication and responsibility

Therefore the subject areas of our specialization Econometrics and Data Science can be grouped as

  • Mathematics
  • Programming and Computing
  • Data retrieval, description and analysis
  • Statistics
  • Econometrics
  • Communication
  • Ethics

Semester 1
Analysis 1
Linear Algebra
Introduction to Programming
Introduction to Data Science
Data Analysis 1

Semester 2
Analysis 2 
Statistics
Macroeconomics
Finance I
Data Analysis 2

Semester 1
Numerical Methods
Econometrics 1
Data Structures and Algorithms
Database Fundamentals and Applications
Data Science Practical 

Semester 2
Ethics
Econometrics 2
Multivariate Statistics
Data Science Methods
Data Science Project

The study programme for year 3 is preliminary and subject to change. You can expect the following courses:

Semester 1
Minor programme

Semester 2
Machine Learning
Dynamic Econometrics
Financial Econometrics
Thesis Econometrics and Data Science

Semester 1
Analysis 1
Linear Algebra
Introduction to Programming
Introduction to Data Science
Data Analysis 1

Semester 2
Analysis 2 
Statistics
Macroeconomics
Finance I
Data Analysis 2

Semester 1
Numerical Methods
Econometrics 1
Data Structures and Algorithms
Database Fundamentals and Applications
Data Science Practical 

Semester 2
Ethics
Econometrics 2
Multivariate Statistics
Data Science Methods
Data Science Project

The study programme for year 3 is preliminary and subject to change. You can expect the following courses:

Semester 1
Minor programme

Semester 2
Machine Learning
Dynamic Econometrics
Financial Econometrics
Thesis Econometrics and Data Science

Overview Econometrics and Operations Research: Econometrics and Data Science

LANGUAGE OF INSTRUCTION

English

DURATION

3 years

APPLICATION


APPLICATION DEADLINE

1 April (students requiring a visa) / 1 May (students that do not require a visa)

START DATE

1 September

STUDY TYPE

Full-time

BINDING STUDY ADVICE

A minimum of 42 credits

VWO Profile

NT or CM/EM/NG with Mathematics B

FIELD OF INTEREST

Economics, Business and Law
Behavioural and Social Sciences
Computer Science, Mathematics and Business

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