The Minor “Applied Econometrics: A Big Data Experience for All” is an excellent opportunity for all students who are enthusiastic and curious about econometrics and data science. Two tracks are offered: A basic track and a technical track. Within both tracks, particular attention will be given to issues related to data science, big data and machine learning in the context of different disciplines including economics, finance and marketing.
The basic track provides a thorough introduction to econometric methods and data science techniques with an emphasis on how to implement and carry out the methods in empirical studies and how to interpret the results. Apart from the fundamentals of econometrics, much emphasis is given to how econometrics is carried out in different practical settings and empirical studies.
The technical track provides current Bachelor Econometrics & OR students (or those from related studies) with options for advanced methodological courses, including Computational Methods, Bayesian Econometrics, an advanced Case Study and the possibility of an internship.
Overview of the two tracks (see “Overview courses” for course descriptions):
Introduction to Time Series
|Computational Methods in Econometrics
Introduction to Time Series
Empirical Finance or Empirical Economics
||Case Study: Real-life Modelling in Econometrics and Data Science (Advanced option)
||Case Study: Real-life Modelling in Econometrics and Data Science
An internship may replace one of the courses in period 2 and the Case Study in period 3.
The minor consists of two tracks: a basic and a technical track. The regular track contains five mandatory courses. The technical track consists of obligatory and elective courses. Also, an internship is possible (in both tracks). In this case, one of the courses in period 2 plus the period 3 course will be cancelled.
Computational Methods in Econometrics (period 1, 6 EC, technical track):
Introduction to Time Series and Dynamic Econometrics (period 1, 6 EC, both tracks):
Introductory Econometrics for Business and Economics (period 1, 6 EC, regular track):
Bayesian Econometrics for Business and Economics (period 2, 6 EC, technical track):
Empirical Economics (period 2, 6 EC, both tracks):
Empirical Finance (period 2, 6 EC, both tracks):
Practical Case Study: Real-life Modelling in Econometrics and Data Science (period 3, 6 EC, both tracks):
For more information about each course, please visit our study guide.
VU student: You can register for the courses of the minor via VUnet from 15 July.
Other students: you can register as a secondary course student (bijvak) via register.vu.nl. More information about this procedure can be found on this website in Dutch or in English.
Frequently asked questions:
Q: I am taking the Minor and I am not a Bachelor student of Econometrics. What are the admission rules for the Econometrics track within the Master in Econometrics and OR?
A: If you want to continue Econometrics in a MSc study at the VU, some additional admission requirements must be met. If you take the Minor, there are three possibilities:
To prepare for the Master, it is also highly recommended to sign up for the “Econometrics Bootcamp”, a summer course offered at the end of August.
Q: I am not sure whether I fulfill the prerequisites for the regular track of the Minor. How much maths and statistics are needed?
A: You should have background knowledge on the level of introductory courses in statistics, analysis/calculus, and linear algebra. Notice that third year students in economics and business studies (and who are on track) have gained sufficient knowledge in mathematics and statistics to start with the Basic Track of the Minor.
Q: Which programming languages should I know if I want to take the technical track?
A: You should have some experience with either Matlab, Python, R, or OxMetrics. If you feel uncertain about your programming skills, there are many basic online introduction courses in programming, for free; for example at Datacamp
Q: I want to do an internship as part of the Minor. How do I proceed?
A: Students can do the Minor internship at any company or institute where one can do a suitable internship that (1) contains aspects of econometrics and (2) lasts at least two months. It does not necessarily have to take place in the period November-January. The first step is to ask approval of the coordinator of the Minor internships, dr. Lennart Hoogerheide (email@example.com). In order to get the 12 EC (and standard result "v") the student needs to send an internship contract and (at the end) an internship report describing what econometric methods/models were used during the internship.
If you have detailed questions about the contents of the programme, please contact:
1 semester (30 EC)
Economie, Recht en Bestuur
Informatica, Wiskunde en Bedrijf
School of Business and Economics