Maastricht University - School of Business and Economics ...

fdewb.unimaas.nl

Maastricht University - School of Business and Economics ...

Maastricht University

Faculty of Economics and Business Administration


Economics

Dr. Ronald Peeters

Programme Coordinator

Assistant Professor of Microeconomics

June 4, 2008

Faculty of Economics and Business Administration


What is Economics?

Economics is a social science that studies the

production, distribution, trade and consumption

of goods and services.

• Economists aim to explain choices that are made

by firms, governments, individuals.

Business deals with the organization of a

commercial, professional or industrial

organization or enterprise.

Faculty of Economics and Business Administration


What is Economics?

Example: Expansion of EU in May 2004

• How can firms benefit from EU expansion? New

export markets, easier access to cheap labor,

etc.

• What is the impact of EU expansion on

individuals? As workers? As investors?

• What policies should the government or central

bank in Estonia follow if it will join the Euro in

2007?

Faculty of Economics and Business Administration


Job Perspectives Economics

10%

6%

10%

14%

12%

Source: Research Centre for Education and the Labour Market (ROA)

Faculty of Economics and Business Administration

16%

32%

Accountancy and consultancy

Financial institutions

Industry

ICT

Public service (inc. Education)

Commerce and trade

Other


Economics - year 1

Management of Organisations

and Marketing

Microeconomics

Philosophy of Science

Faculty of Economics and Business Administration

Quantitative Methods 1

Accounting/Financial

Information Systems

Macroeconomics Quantitative Methods 2

Finance

Economy game

Economics Forces in the

Global Village


Specialisations in Economics

• International Business Economics (IBE)

• International Economic Studies (IES)

• Infonomics

Faculty of Economics and Business Administration


International Business Economics

• Focus on economic decision-making of firms:

– Accounting

– Finance

– Information Management

– Supply Chain Management

– Marketing

– Organisation

– Strategy

Faculty of Economics and Business Administration


IBE – year 2

• Courses on (the interface of) business and

economics:

– Quantitative Business

– Marketing and Supply Chain Management

– Accounting

– Banking

– Financial Markets

– Managerial Economics

– Industrial Organization

– International Business Strategy

Faculty of Economics and Business Administration


IBE – year 3

• One business specialization (major)

• Two business/economics electives

• One semester study abroad

• Bachelor’s thesis

Faculty of Economics and Business Administration


IBE versus IB

BSc in Economics / IBE

Economics programme

• Focus

– Build on fundamentals of

economics

– International businesses

within their environment

– External focus

Faculty of Economics and Business Administration

BSc in International Business

Business programme

• Focus

– Holistic understanding

of business functions

– International business

environment & internal

organisation of

businesses

– Internal focus


Specialisations in Economics

• International Business Economics (IBE)

• International Economic Studies (IES)

• Infonomics

Faculty of Economics and Business Administration


International Economic Studies

• Focus on:

– comparative and international economics

– the environment within which organisations

operate

• Applied economic analyses based on thorough

theoretical foundations

• Intersection of economics, social sciences and

international relations

Faculty of Economics and Business Administration


IES – year 2

• Further training in economics (and social

sciences)

– Quantitative Methods

– Microeconomics: Choices, Markets and Welfare

– Macroeconomics and Economic Policy

– Public Economics

– Productivity

– International Economics

– Institutions, Behaviour and Welfare

– Theories of Social Order

Faculty of Economics and Business Administration


IES – year 3

• One semesters of electives, among which:

– Development Economics

– European Labour Markets and Welfare States

– Behavioural Economics

– Economic Sociology

– International Competition Policy

– Introduction to Financial Economics

– Information, Justice and the Political Process

• One semester study abroad

• Bachelor’s thesis

Faculty of Economics and Business Administration


Specialisations in Economics

• International Business Economics

• International Economic Studies

• Infonomics

Faculty of Economics and Business Administration


Infonomics

Economics and Business of the Information Society

• Broad discipline within economics and business

with a special focus on the information society

• Studies the economic role and impact of

information and information technologies for

private firms, markets, governments, households

and society at large

Faculty of Economics and Business Administration


Infonomics – year 2

Economics and Business of the Information Society

Economics and Business courses:

– Quantitative Methods

– Introduction into the Information Society

– Management Information Systems

– Knowledge Management

– ICT, Organisation and Income

– Productivity

– Information Management

– Network Economics

Faculty of Economics and Business Administration


Infonomics – year 3

Economics and Business of the Information Society

• Two more compulsory courses:

– Information, Justice and the Political Process

– ERP and Business Intelligence

• Two electives

• One semester study or internship abroad

• Bachelor’s thesis

Faculty of Economics and Business Administration


After the Bachelor …

• Enter the Job-market

• Master elsewhere, inside or outside the

Netherlands

• Internship before continuing studies

• Master at this faculty

Faculty of Economics and Business Administration


Bachelor

Economics

Intern. Infonomics Economic Studies

Intern. Infonomics Economic Studies

Intern. Business Business Economics

Master

Financial

Economics

Master

Infonomics

Master

International

Economic

Studies

Master

Management of of

Learning

Bachelor

Fiscal

Economics

Master

Fiscal Fiscal

Economics

Bachelor

Econometrics

and

Operations

Research

Master Master

International

Business

Master

Econometrics

and Operations

Research

Job market

Faculty of Economics and Business Administration

Bachelor

International

Business

Job market

Research

Master Master

Business

Research

Research Research

Master Master

Economic Economic

& &

Financial Financial

Research Research

PhD

PhD

/

Doctoral

Doctoral

Programme

Programme


Why studying in Maastricht ?

• International

– Language of instruction is English

– International perspective of the courses

– 57 % of the students in your tutorial group have a

foreign nationality

– Obligatory study abroad (130 partners in 39

countries)

– International career perspectives

Faculty of Economics and Business Administration


Why studying in Maastricht ?

• Interactive

– Problem-based learning, small groups

– Oriented towards economic decision making in

business and governmental organizations

• Skills

– Training in professional skills

Faculty of Economics and Business Administration


Why studying in Maastricht ?

• Streamlined

– 3-year curriculum = graduation in 3 years

• High quality

– Bachelor’s diploma internationally approved

– Consistently ranked no. 1 in the Netherlands

– Recently ranked in European Top 10

Faculty of Economics and Business Administration


Applications

• Dutch diploma holders

– Requirements:

• ‘Natuur en Techniek’ + Ec1*

• ‘Natuur en Gezondheid’ + Ec1*

• ‘Economie en Maatschappij’

• ‘Cultuur en Maatschappij’ + (Wia1,2/Wib1) + Ec1*

– Deadline: August 31st, 2008

– How: apply to Studielink.nl

* If you do not meet the requirements of EC1, please

contact one of the student advisors of FE&BA

Faculty of Economics and Business Administration


Applications

• Non-Dutch diploma holders

– Requirements (examples):

• German ‘Abitur’

• Belgian ‘diploma van secundair onderwijs’

• European Baccalaureate

– Deadline:

• EU/EEA: August 31st, 2008

• Non-EU/EEA: April 1st, 2008

– How: fill in two forms; one at Studielink.nl, one at

Unimaas.nl

Faculty of Economics and Business Administration


Information fair (Ad FundUM)

IES

INF

IBE

FE

ECT & OR

Msc Programmes

Faculty of Economics and Business Administration

UB

AdFundum

Student advisor

UMBS

IRO


Universiteit Maastricht

Faculty of Economics and Business Administration

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