Economics: MPhil-Research

A unique programme with the best researchers and teachers from three leading schools of economics

A unique programme with the best researchers and teachers from three leading schools of economics

The two-year Research Master in Economics is a unique programme for students who wish to pursue a PhD. The programme provides selective, high quality education in the field of economics, econometrics and finance. If your ambitions are focused on an academic career in economics, econometrics or finance, then this Research Master is ideal for you. Not only does it teach you to carry out independent scientific research, but it also provides an excellent stepping stone to fully paid PhD positions at excellent universities.

TI MPhil programme: the best way to start an academic career in economics, econometrics or finance

Tinbergen Institute is regularly reviewed by an international committee as part of the accreditation process of the Royal Netherlands Academy of Arts and Sciences (KNAW). In the concluding remarks of its 2010 report, the international peer review committee praised TI’s MPhil programme: “We examined course content, quality of teaching, quality of student selection and student satisfaction. In all aspects of our assessment, we found the programmes to be of an excellent international standard. The success rates for MPhil graduates are high.”

Students receive a lot in return from Tinbergen Institute

TI’s graduate programme provides generous funding, intensive supervision by research fellows, over 60 challenging courses, excellent job market training and job placement prospects, and a truly international classroom and experience: approximately 70% of our students come from outside the Netherlands (South America, China, and from all over Europe).

TI is a close-knit, international, culturally diverse and dynamic community of 25-30 students a year with a professional and dedicated staff. TI has offices both in Amsterdam and Rotterdam with state-of-the-art facilities. We provide working space and computers to each student. TI admits only the best and brightest students to its research master program. Please join us if you are creative, inquisitive, hard-working, independent, and mathematically skilled and have a great deal of academic ambition.

The Tinbergen Institute

The research master programme is run by the Tinbergen Institute, a school for research and graduate education run jointly by the schools of economics of the VU Amsterdam, Erasmus University Rotterdam (EUR) and University of Amsterdam (UvA). The Institute was named after Jan Tinbergen, the Dutch Nobel Prize laureate in Economics (1969).

Admission and application details

Website TI: www.tinbergen.nl
TI on Facebook: www.facebook.com/InstituteTinbergen
TI on Twitter: @ResearchTI
Information days
Contact: applications@tinbergen.nl

Study programme includes three tracks: economics, econometrics and finance
The Master of Philosophy in Economics is a two-year programme that yields 120 EC. The first year of the MPhil programme offers rigorous training in the core of economics, econometrics and finance. The core courses are designed to give students an in-depth introduction to the field of economics and to develop academic skills including academic writing. Students' progress is monitored throughout the first year in order to determine whether they can proceed to the second year. In the second year, students specialize in one field, with courses focusing on specific topics, while also researching and writing their thesis. The curriculum holds:

  • core courses (60 EC) 
  • field courses (30 EC)
  • thesis (30 EC) 

Core Courses and MPhil Seminar
The core courses are: Microeconomics, Macroeconomics, Finance, Mathematics and Statistics, and Econometrics. TI offers three tracks: economics, econometrics and finance. All courses are given by fellows and teaching associates of the Tinbergen Institute and consist of general lectures and separate training sessions focusing on problem solving. The training sessions prepare students for the examination and offer them opportunities to apply their skills in practice and thereby master the rudiments of economics. Students complete a large number of group assignments aimed at stimulating discussion and interaction. These assignments are discussed and presented during the training sessions. Each core course ends with a written examination.

In their first year, students are also strongly encouraged to think about their research interests and a potential future supervisor. At the MPhil seminar series research fellows introduce themselves and their fields of specialization. The series provide an excellent opportunity to get to know the 8 different research groups active within TI.

TI Lectures
TI organizes annual Lectures in economics, econometrics and finance where a world-class scholar teaches an intensive advanced MPhil course on a topic that appeals to many of the institute’s students, PhD candidates and fellows. MPhil students also benefit greatly from individual consultations sessions with the lecturers. The three Lectures are an integral part of the MPhil curriculum. Students take exams and receive credits for these TI Lectures.

Field Courses and Thesis
In the second year, students select a major field to specialize in, by taking field courses and conducting research to write an MPhil thesis. Their specialization reflects the institute's many fields of research. At the start of the second year, each student selects a research fellow as a thesis supervisor. Students write their thesis under the supervision of the research fellow and defend their work before a small examination committee. The thesis must adhere to the highest academic standards and be eligible for publication in an international peer-reviewed journal. Usually, the thesis is the foundation for a subsequent PhD dissertation, where students will work on, following completion of the Master's programme. Most graduates continue on to a PhD programme; the MPhil thesis is usually the first chapter of the PhD thesis.

For more information, please visit the site of the Tinbergen Institute. All relevant information can be found under ‘Current Students'.

NEW! For students who start the program in September 2018, a new major will be available: Data science for Business and Economics. More details will follow soon.

Curriculum and course descriptions

Please visit the website of the Tinbergen Institute and download the programme of the TI graduate school, including the latest detailed course descriptions of the MPhil research master's programme. 

Economics: MPhil- Research courses in study guide.

Stepping Stone for an Academic Career
This two-year Research Master's programme is an excellent stepping stone for PhD research and training. Most students who successfully complete the TI's Master of Philosophy in Economics obtain a PhD position at the Faculty of Economics and Business of the VU Amsterdam or at one of the other participating faculties. The MPhil in Economics prepares students to pursue a PhD. For those students aiming at careers in consultancy or policy advice, the MPhil also offers an excellent foundation.

Employment
After your PhD, the world is your proverbial oyster. Students may land a top job in academics, in government, or at an international organization. Over 550 TI PhD alumni have taken up positions at universities all over the world and work in leading positions at:

  • The Netherlands Bureau for Economic Policy Analysis
  • The Dutch Central Bank
  • The World Bank
  • The European Commission
  • International Monetary Fund
  • Larger consultancy firms

Job Market
Tinbergen Institute offers a number of services to PhD students in their final year who are about to enter the (international) academic job market. TI organizes a series of workshops and mock interview sessions and PhD students are welcome to upload their profile on the institute’s website for job market candidates.

Placement Record
http://www.tinbergen.nl/recent-top-placements/

TI MPhil programme: the best way to start an academic career in economics, econometrics or finance

Students work with the best researchers and lecturers from the three leading Dutch universities in economics, econometrics and finance. Once you graduate, you will:

  • Have a solid and comprehensive grasp of the latest approaches in economics, econometrics and finance.
  • Be able, initially under supervision, to write research papers for international peer reviewed journals.
  • Have ample opportunity to continue to a fully paid PhD position at one of the three participating schools of economics

Tinbergen Institute offers:

  • A unique graduate programme with the best researchers from three leading schools of economics
  • Generous funding to 1st and 2nd year students
  • More than 60 challenging courses in economics, econometrics and finance
  • Individual mentoring and intensive supervision by research fellows
  • Excellent  job market training and job placement prospects
  • An truly international, culturally diverse and dynamic community of 25-30 students a year
  • A professional and dedicated staff
  • Offices both in Amsterdam and in Rotterdam with state-of-the-art facilities
  • Working spaces and computers for each student.

What do MPhil students say about TI’s Research Master Programme in Economics?

“TI offers me much more than mere coursework; Being part of the TI community gives me access to a valuable network of researchers and PhD students – and unlike other grad schools this network is based not in one but in three universities, which means that the range of researchers, opportunities and research fields is particularly broad.”

“The social environment at TI is really positive and engaging.”

Overview Economics: MPhil Research

LANGUAGE OF INSTRUCTION

English

DURATION

2 years (120 EC)

TUITION FEE

APPLICATION

1 April for international degree holders from non-EU/EEA countries (different deadlines may hold for other category students);

15 July for Dutch degree holders and international degree holders from EU/EEA countries

START DATE

1 September

STUDY TYPE

Full-time

SPECIALIZATIONS

Econometrics / Empirical Microeconomics / Macroeconomics;
Monetary Economics;
International Economics / Applied Microeconomics / Behavioral Economics / Public Policy / Finance

FIELD OF INTEREST

Economics, Business and Law

The TI Research Institute aims to stimulate fundamental and applied research in economics at the three participating universities and to organize an excellent research training environment for the institute’s students. The research programme consists of eight themes, covering the whole spectrum of economic analysis, from theoretical to empirical research and econometric methods:

  • Behavioral and Experimental Economics (BEE)
  • Cooperative Behavior, Strategic Interaction, and Complex Systems (CSC)
  • Econometrics and Operations Research (ECTOR)
  • Finance (FIN)
  • Macroeconomics and International Economics (MIE)
  • Labor, Health, Education and Development (LHED)
  • Organizations and Markets (OM)
  • Spatial, Transport, and Environmental Economics (STEE)

The cooperation between the three economics faculties in the institute offers many benefits. The best economists from the three participating universities are affiliated to TI as research fellows. TI offers them facilities for organizing conferences and seminars, and for inviting foreign guest researchers for short or long stays. TI has offices in both Amsterdam and Rotterdam, including seminar rooms and a dedicated support staff. The graduate (MPhil and PhD) students also have their own shared office space. The research atmosphere is international, active and lively.

Small-scale locations and the informal atmosphere at TI contribute to a wealth of contacts between students, teachers, research fellows, and visitors. The MPhil students often collaborate on various assignments and become a close-knit group. Yet, they also enjoy regular contacts with more senior (PhD) students. At both locations (Amsterdam and Rotterdam), weekly student lunch seminars are organized. During these seminars students present their work and discuss their progress.

To disseminate research results and to enhance discussion among colleagues, Tinbergen Institute publishes a discussion paper series which can be found at www.tinbergen.nl/discussionpapers

 

MPhil Programme accredited 
The MPhil Research Master programme in Economics of the Tinbergen Institute is accredited by NVAO (Nederlands-Vlaamse Accreditatieorganisatie), the accreditation organization of The Netherlands and Flanders. 

NVAO is entrusted by law to accredit all existing bachelor’s and master’s degree courses and to validate new study programmes at government-funded higher education institutions as well as institutions approved (but not funded) by the Dutch government. 

Please visit the TI website for a list of Frequently Asked Questions:
http://www.tinbergen.nl/faq/

Dutch students

Specific entry requirements
Admission to the MPhil in Economics programme is highly selective. No more than 30 students are admitted to the programme each year. Admission is determined by a selection committee consisting of research fellows of the participating faculties and chaired by the TI Director of Graduate. Criteria for admission are:

1 - Bachelor’s degree
A Bachelor's degree, preferably in Economics, Econometrics, Mathematics or Physics. Degrees from non-EU universities must be assessed by the Netherlands Organization for International Cooperation in Higher Education (NUFFIC). Students must complete their Bachelor's programme prior to starting the Master's programme.

2 - Recent GRE (Graduate Record Examination)
Valid GRE results from all applicants (including Dutch students). Applicants with a Quantitative score below 160 will not be considered. Successful applicants typically rank among the top 10% of test-takers on the quantitative section of the GRE. The Tinbergen Institute's GRE institution code is 3811.

3 - Excellent command of English
Students whose native language is not English are required to demonstrate English proficiency in one of two ways:
a. by holding a degree from a Dutch university or an institution at which English is the language of instruction. Please provide proof that your current degree programme was taught entirely in English (link to webpage, pdf, reference to grade list), or
b. by scoring at least 600 on the paper-based Test of English as a Foreign Language (TOEFL), 250 on the computer-based TOEFL, 100 on the internet-based TOEFL or 7 on the IELTS. Scores more than two years old are not valid and will not be considered. The Tinbergen Institute's TOEFL institution code is 3811.

4 - Chinese nationals must register with the Netherlands Education Support Office (NESO)
Chinese nationals are required to register with the NESO in Beijing in order to obtain a NESO Certificate, if they are currently not enrolled in a higher education institution in The Netherlands and hold a valid visa. This document provides an assessment of the candidate's English language proficiency (based on the TOEFL or IELTS test) as well as of the educational degrees and diplomas that are required for admission to the Master's programme.

5 -  Letter of Motivation and Research Proposal
Students should be strongly motivated to pursue a career in (academic) research. Such motivation will be assessed by a written letter of intent, including a research proposal (max. 2 pages). The statement of purpose should be 300-500 words and include your purpose for undertaking graduate study, your reasons for wanting to study at Tinbergen Institute, and your research interests, professional plans, and career goals. You also may explain any special circumstances applicable to your background and elaborate on your scholarly publications, awards, achievements, abilities, and/or professional history. Please upload your statement of purpose including research proposal in your online application file. An interview with the Director of Graduate Studies and/or members of the Admission Board may be included in the selection procedure.

6 - Writing Sample (optional)
Bachelor or Master thesis (in English) or a published article.

7 - Two letters of recommendation
Students must submit two letters of recommendation attesting to their capabilities and aspirations. The letters must be written by academics and uploaded into the online application system.

8 - Transcripts and diplomas
Please submit diplomas and transcripts of current and of previous higher education institutions.
Certified English translations of diplomas and transcripts that are not in Dutch or English should be uploaded into your online application file.

9 – Curriculum Vitae and passport

Application deadlines 

The application deadlines for enrolment in September are: 

  • February 1 (all)
  • April 1 (all) and
  • June 1 (EEA and Swiss nationals only)

After the February deadline applications will be processed on a rolling basis.

All applicants are advised to submit their application by the early, February 1 deadline, because slots in the program and funding opportunities are limited. In any case, non-EEA/non-Swiss nationals should apply before the April 1 deadline.

Interested students should apply online through the TI website.

For more detailed information on admission, fees and application procedures, please consult the TI website or contact the TI Admissions Officer at applications@tinbergen.nl for questions about and comments on the application procedure.      

Tuition fees
The annual tuition fee is € 15,000 for non-EEA students and for students who completed a Dutch master programme before coming to TI.

The low annual tuition fee (‘wettelijk collegegeld’) is € 2,060. You meet the criteria for a low tuition fee if:

  • you are a national of an EEA country, AND
  • do not hold a Dutch master degree.

Holding a Dutch master degree?
Tinbergen Institute recognizes that talented students who already earned a Dutch master degree may be discouraged by the high tuition fee. Therefore these students are eligible to apply for a TI scholarship.

More information on the TI scholarship

TIScholarship Programme
TI runs its own merit-based scholarship programme for students in the research master programme. The scholarship programme is financed by the faculties participating in TI. Over the years, we have offered scholarships to some 50% of the students that entered the programme. Percentages are even higher for second-year students.      

In the second year, the vast majority of the students get additional income from part-time appointments as teaching- or research assistants. Tinbergen Institute awards scholarships to selected students based on merit. Because the institute’s resources are limited, prospective students are advised to apply for external funding as well.

Scholarships for MPhil student

Information regarding scholarschips can be found on the TI-website.

PhD positions: fully paid
Students in the programmes’ PhD phase are typically employed by one of the TI faculties as PhD researchers. These are full-time positions that come with all of the benefits of employment, including a good salary. Most positions include a small teaching assignment to help the students gain teaching experience, which is useful for those considering an academic career.

Tinbergen Institute
The Research Master's programme in Economics (Master of Philosophy in Economics) is hosted by the Tinbergen Institute. For more information please visit the office of the Tinbergen Institute Amsterdam (G. Mahlerplein 117) for more information or a brochure.

T  +31 (0)20 5251600 or +31 (0)10 4088919
applications@tinbergen.nl

Website: www.tinbergen.nl

TI on Facebook: www.facebook.com/InstituteTinbergen
TI on Twitter: @ResearchTI
     

International students

Specific entry requirements
Admission to the MPhil in Economics programme is highly selective. No more than 30 students are admitted to the programme each year. Admission is determined by a selection committee consisting of research fellows of the participating faculties and chaired by the TI Director of Graduate. Criteria for admission are:

1 - Bachelor’s degree
A Bachelor's degree, preferably in Economics, Econometrics, Mathematics or Physics. Degrees from non-EU universities must be assessed by the Netherlands Organization for International Cooperation in Higher Education (NUFFIC). Students must complete their Bachelor's programme prior to starting the Master's programme.

2 - Recent GRE (Graduate Record Examination)
Valid GRE results from all applicants (including Dutch students). Applicants with a Quantitative score below 160 will not be considered. Successful applicants typically rank among the top 10% of test-takers on the quantitative section of the GRE. The Tinbergen Institute's GRE institution code is 3811.

3 - Excellent command of English
Students whose native language is not English are required to demonstrate English proficiency in one of two ways:
a. by holding a degree from a Dutch university or an institution at which English is the language of instruction. Please provide proof that your current degree programme was taught entirely in English (link to webpage, pdf, reference to grade list), or
b. by scoring at least 600 on the paper-based Test of English as a Foreign Language (TOEFL), 250 on the computer-based TOEFL, 100 on the internet-based TOEFL or 7 on the IELTS. Scores more than two years old are not valid and will not be considered. The Tinbergen Institute's TOEFL institution code is 3811.

4 - Chinese nationals must register with the Netherlands Education Support Office (NESO)
Chinese nationals are required to register with the NESO in Beijing in order to obtain a NESO Certificate, if they are currently not enrolled in a higher education institution in The Netherlands and hold a valid visa. This document provides an assessment of the candidate's English language proficiency (based on the TOEFL or IELTS test) as well as of the educational degrees and diplomas that are required for admission to the Master's programme.

5 -  Letter of Motivation and Research Proposal
Students should be strongly motivated to pursue a career in (academic) research. Such motivation will be assessed by a written letter of intent, including a research proposal (max. 2 pages). The statement of purpose should be 300-500 words and include your purpose for undertaking graduate study, your reasons for wanting to study at Tinbergen Institute, and your research interests, professional plans, and career goals. You also may explain any special circumstances applicable to your background and elaborate on your scholarly publications, awards, achievements, abilities, and/or professional history. Please upload your statement of purpose including research proposal in your online application file. An interview with the Director of Graduate Studies and/or members of the Admission Board may be included in the selection procedure.

6 - Writing Sample (optional)
Bachelor or Master thesis (in English) or a published article.

7 - Two letters of recommendation
Students must submit two letters of recommendation attesting to their capabilities and aspirations. The letters must be written by academics and uploaded into the online application system.

8 - Transcripts and diplomas
Please submit diplomas and transcripts of current and of previous higher education institutions.
Certified English translations of diplomas and transcripts that are not in Dutch or English should be uploaded into your online application file.

9 – Curriculum Vitae and passport

Application deadlines 

The application deadlines for enrolment in September are: 

  • February 1 (all)
  • April 1 (all) and
  • June 1 (EEA and Swiss nationals only)


After the February deadline applications will be processed on a rolling basis.

All applicants are advised to submit their application by the early, February 1 deadline, because slots in the program and funding opportunities are limited. In any case, non-EEA/non-Swiss nationals should apply before the April 1 deadline.

Interested students should apply online through the TI website.

For more detailed information on admission, fees and application procedures, please consult the TI website or contact the TI Admissions Officer at applications@tinbergen.nl for questions about and comments on the application procedure.
      

Tuition fees
The annual tuition fee is € 12,000 for non-EEA students and for students who completed a Dutch master programme before coming to TI.

The low annual tuition fee (‘wettelijk collegegeld’) is € 1,984. You meet the criteria for a low tuition fee if:

  • you are a national of an EEA country, AND
  • do not hold a Dutch master degree.

Holding a Dutch master degree?
Tinbergen Institute recognizes that talented students who already earned a Dutch master degree may be discouraged by the high tuition fee. Under certain conditions, TI will offer financial assistance to these students.

TIScholarship Programme
TI runs its own merit-based scholarship programme for students in the research master programme. The scholarship programme is financed by the faculties participating in TI. Over the years, we have offered scholarships to some 50% of the students that entered the programme. Percentages are even higher for second-year students.      

In the second year, the vast majority of the students get additional income from part-time appointments as teaching- or research assistants. Tinbergen Institute awards scholarships to selected students based on merit. Because the institute’s resources are limited, prospective students are advised to apply for external funding as well.

Scholarships for MPhil student

Information regarding scholarschips can be found on the TI-website.

PhD positions: fully paid
Students in the programmes’ PhD phase are typically employed by one of the TI faculties as PhD researchers. These are full-time positions that come with all of the benefits of employment, including a good salary. Most positions include a small teaching assignment to help the students gain teaching experience, which is useful for those considering an academic career.

Some international students are happy to tell you about their experiences with living and studying in Amsterdam. These Student Ambassadors come from all over the world and have attended various bachelor's and master's programmes.

Our student ambassadors are listed on the webpage below. Reach out to them and get their stories about being a student at VU Amsterdam!

Information for international students > International degree holders > Contact our student ambassadors

Tinbergen Institute
The Research Master's programme in Economics (Master of Philosophy in Economics) is hosted by the Tinbergen Institute. For more information please visit the office of the Tinbergen Institute Amsterdam (G. Mahlerplein 117) for more information or a brochure.

T  +31 (0)20 5251600 or +31 (0)10 4088919
applications@tinbergen.nl

Website: www.tinbergen.nl

TI on Facebook: www.facebook.com/InstituteTinbergen
TI on Twitter: @ResearchTI