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Master
Vergelijk
Managerial Economics and Strategy (Business Economics)

The study programme

In the study programme, focus is on the economic performance of organisations. You will develop a broad range of skills and acquire the knowledge you need for a good understanding of the design of firms and other types of organisations. This includes knowledge about the strategies of firms, the motivation and evaluation of employees, compensation packages for CEOs, the allocation of power, and corporate governance. The skills to design well-functioning organisations are valuable for large firms in the private sector, consultancy firms and policy institutes.

The programme

Managerial Economics and Strategy is one of the tracks of the MSc Business Economics. During your Master's you will take 5 general courses and 4 track-specific courses. You will finish with a thesis.

COURSES SEM 1 SEM 2 SEMESTER 1 SEMESTER 2 EC
  • Games and Strategy
    5

    In this course we use game theory to analyse optimal strategies for firms. After discussing the main concepts of game theory we apply these concepts to business strategy. We distinguish between the internal context and the external context of the firm.

  • Managerial Economics
    5

    How do you measure employee performance? And what kinds of incentives work best? Economics helps us to examine the optimal design of incentives. In this course you will learn about important principles. For example, discuss the trade-offs between risk and incentives, bonuses and CEO compensation plans. You will also study the role of psychological factors at the workplace - such as fairness and intrinsic motivation.

  • Applied Econometrics
    5

    In this course you learn about regression data analysis. You will learn to master powerful tools to analyse empirical relationships. Particular attention will be paid to the statistical assumptions underlying the basic model. We will cover the analysis of: (1) experimental data, (2) panel data and (3) time series.

  • Behavioural Economics
    5

    Classic economics assume agents to be rational and selfish. Behavioural economics challenges both assumptions. You will study individual choice: bounded rationality concepts in decisions under uncertainty, information processing, judgement, time preferences and heuristic decision-making. Also you will explore strategic interaction, especially social preferences and reciprocity.

  • Markets and Organisations
    5

    In this course you will learn about topics related to the theory of the firm: what are firms, why do firms exist, and why does the existence of firms matter? You will discuss them both from a theoretical and an empirical perspective. You are required to understand articles that discuss economic theory as well as econometric applications.

  • Experimental Economics
    5

    In this course you will learn the basic methodology of experimental economics: how to design a simple experiment, including writing instructions. You will practice both with laboratory and field experimentation evolving around industrial organisation, labour economics, behavioural economics and individual and group decision making.

  • Power and Authority in Organisations
    5

    The course first discusses the nature and potential sources of authority and decision rights within organisations. It then focuses on the allocation of decision rights among individuals within firms. The central theme is how the extent of centralisation or decentralisation of authority is affected by the acquisition and dissemination of knowledge.

  • Restricted choice electives
    5

    This is a course list with mandatory electives. You should choose one course from this list (5 EC). Please note that if you choose the ‘period 2 course’, the study load won’t be equally spread over the year. - Advanced Industrial Organisation (5 EC) - Behavioural Business Ethics (5 EC) - Behavioural Finance (5 EC) - Competition Policy (5 EC) - Performance Management (6 EC)

  • Research Seminar Managerial Economics and Strategy
    5

    Formulating a good research question for your thesis can be challenging. This course helps you find one, by discussing your ideas with faculty members and fellow students.

  • Master's Thesis Managerial Economics and Strategy
    15

    The academic programme culminates in a thesis, which allows you to engage with state-of-the-art data analysis and statistical techniques. The Master’s thesis is the final requirement for your graduation. It is your chance to dive deep into a topic in your field of choice (track) that you are enthusiastic about, and allows you to do an independent research project. A professor of your track will supervise and support you in writing your thesis.

Compulsory course
Elective
Send me the clickable course schedule + programme summary Check more detailed information about the specific courses in the course catalogue

Honours programme

If you are a student of the Business Economics MSc and you have a record of academic excellence, a critical mind and an enthusiasm for applied research, then our Business Economics Honours programme is a great opportunity for you.

More about the Honours programme
The lecturers are quite flexible and always willing to assist when asked to. With students coming from a variety of countries, the environment is very international. Bringing a lot of fun and interesting experiences. Guy Tocker Read about Guy's experiences with this Master's
Experience the programme
Real-life case: big firms committing fraud

Car manufacturers committing fraud with environmental standards. Banks creating accounts without the client’s consent. Both scandals point out problems in the organisation. Did managers know about these fraudulent practices? Are the scandals consequences of how these firms are organised? What role do the employee incentive schemes play? This track will help you analyse and understand such challenging questions.

Frequently asked questions
  • When do I need to select a specialisation track?

    A specialisation track must be chosen when applying for the Master’s programme. However, track modifications are still possible until late October. The criteria for all tracks are identical and do not impact the likelihood of being accepted into the programme.

  • How many students are in the programme?

    Our Master’s programme admits around 35 students per specialisation track. If you meet the entry requirements, you will always be accepted; this Master’s does not have a numerus fixus.

  • What are the weekly contact hours?

    Most courses have one 2-3 hour lecture and one 2-hour tutorial per week. Generally students take 3 courses at a time, so count on about 12-15 contact hours per week.

  • Will all lectures be held in person, or will there be options for online attendance?

    Our preference is for in-person lectures. Certain sessions may be pre-recorded or follow a hybrid format. This entails preparing for Question and Answer (Q&A) sessions through video clips and readings, with subsequent discussions during meetings.

  • Is attendance compulsory for lectures, tutorials, and other sessions?

    Attendance is usually not compulsory for lectures, but commonly for tutorials and other sessions. Students greatly benefit from being present and engaging in discussions with both the instructor and their classmates.

  • What is the typical method of assessment for most courses?

    The majority of courses have a written on-site exam, which counts for a large percentage of the final grade. Most courses have additional assessment methods, including oral presentations, developing research proposals, conducting experiments and writing up results. Finally, some courses grade attendance, which is reflected by presence and activity in tutorials and online assignments.