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Research Master

Tinbergen Institute offers a Research Master’s Program 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;
  • write and publicly defend a thesis (30 ECTS). The thesis is the final examination of the research master program and also includes the following preparatory parts: an Academic Writing course, an Academic Integrity course and a Presentation course. 

The research majors (specializations corresponding to the TI research groups) are the following:

  1. Behavioral Economics
  2. Complexity
  3. Econometrics 
  4. Empirical Microeconomics
  5. Finance 
  6. Macroeconomics 
  7. Organizations and Markets
  8. Spatial Economics

Students who wish to graduate in the Econometrics track choose the Advanced Econometrics courses in the first year and Asymptotic Theory in the first- or second 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 2019-2020, including the two Tinbergen Institute Lectures:
-- Economics Lectures 2020: Robert S. Pindyck (MIT) POSTPONED to 2021, due to the Covid-19 outbreak
-- Econometrics Lectures 2020: Yacine Ait-Sahalia (Princeton University) CANCELLED due to the Covid-19 outbreak

The Research Master's Academic and Examination Regulations provide details on the program requirements and examination procedures and can be downloaded from the intranet.