Tinbergen Institute offers a Research Master’s Program (MPhil) with three tracks: a track in economics, a track in econometrics and a track in finance.
In the first year, students receive rigorous training in the core subjects and tools of economics, econometrics and finance. In the second year, students specialize in their choice from the institute’s many fields of research through field coursework and thesis research. In the second year of the program over 40 field courses are offered.
First year of the Curriculum
In the first year of the program, students have to complete 60 ECTS. At the start of the academic year, students choose one of the tracks: Economics, Econometrics or Finance. The first-year Economics, Econometrics and Finance programs include 13 core courses, 2 field courses (to be chosen from a selection of field courses organized in block V), the Principles of Programming in Econometrics course and the seminar series. These seminars allow students to explore potential supervisors and fields of specialization, and vice versa, allow potential supervisors to scout out talented students. Attendance at courses and seminar series is mandatory.
The standard Economics track consists of:
- Microeconomics (16 ECTS)
- Macroeconomics (16 ECTS)
- Econometrics, Statistics and Fundamental Mathematics (20 ECTS)
- 2 Field courses (6 ECTS)
- Principles of Programming in Econometrics (1 ECTS)
- Seminar series (1 ECTS)
Students in the Econometrics track take the Advanced Mathematics course, Asymptotic Theory, instead of Statistics, and Advanced Econometrics instead of Econometrics. Students in the Finance track replace Macroeconomics II and III or Microeconomics III and IV with Asset Pricing and Corporate Finance Theory.
To a certain extent, exchange between the tracks is possible.
Second Year of the Curriculum
In the second year, students have to:
- complete 30 ECTS of specialized coursework, taking at least 4 courses in a chosen research major,
- attend the Academic Writing course and the lectures on Academic Integrity,
- write and publicly defend a thesis. The thesis (30 ECTS) is the final examination of the MPhil program.
The research majors (specializations corresponding to the TI research groups) are the following:
- Behavioral Economics
- Empirical Microeconomics
- Organizations and Markets
- Spatial Economics
Field course options in the area of Data Science for Economics and Business will be available in the academic year 2019-2020.
Students who wish to graduate in the Econometrics track choose the Advanced Econometrics courses and Asymptotic Theory in the first year and take their research major in Econometrics; students who wish to graduate in the Finance track choose the courses in Asset Pricing and Corporate Finance Theory in the first year (see above) and take their research major in Finance.
Over 40 field courses will be in organized in 2018-2019, including the two Tinbergen Institute Lectures:
-- Economics Lectures: Fatih Guvenen (University of Minnesota)
-- Econometrics Lectures: Serena Ng (Columbia University)