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Introduction to Econometrics, Operations Research and Mathematical Economics - Period 3
Business & Economics Program
Amsterdam, Netherlands
Dates: mid Aug 2025 - early Jul 2026
Introduction to Econometrics, Operations Research and Mathematical Economics - Period 3
OVERVIEW
CEA CAPA Partner Institution: Vrije Universiteit Amsterdam
Location: Amsterdam, Netherlands
Primary Subject Area: Business
Instruction in: English
Course Code: E_EOR1_IEOMF
Transcript Source: Partner Institution
Course Details: Level 100
Recommended Semester Credits: 3
Contact Hours: 84
Prerequisites: Probability Theory, Linear Algebra, Analysis I
DESCRIPTION
Econometrics:
The goal of econometrics is to describe the relations between observations as a useful model, from which predictions and inference can be made. This introduction presents some first filters which can be used for a predictions, and continues with the principles of regression, applied to real data.
Operations Research:
Core business in Operations Research is optimization. Several problems from network optimisation are covered, among which the shortest path problem, the minimal spanning tree problem, and the maximum flow problem. For these problems, the mathematical structure is studied leading to the design of algorithms for solving them. A glimpse will be offered on complexity theory by analyzing the computation time of these algorithms theoretically.
Mathematical Economics:
Within economic science frequent use is made of mathematical models. Many of these models try to explain the choices of economic agents in their economic environment. In this introduction, we set the first steps in modelling mathematically the decision processes in economics, looking both at behaviour surrounding individual choice in strategic decision situations, and at cooperative decision making.
Vrije Universiteit Amsterdam (VU Amsterdam) awards credits based on the ECTS system. Contact hours listed under a course description may vary due to the combination of lecture-based and independent work required for each course therefore, CEA's recommended credits are based on the ECTS credits assigned by VU Amsterdam. 1 ECTS equals 28 contact hours assigned by VU Amsterdam.
The goal of econometrics is to describe the relations between observations as a useful model, from which predictions and inference can be made. This introduction presents some first filters which can be used for a predictions, and continues with the principles of regression, applied to real data.
Operations Research:
Core business in Operations Research is optimization. Several problems from network optimisation are covered, among which the shortest path problem, the minimal spanning tree problem, and the maximum flow problem. For these problems, the mathematical structure is studied leading to the design of algorithms for solving them. A glimpse will be offered on complexity theory by analyzing the computation time of these algorithms theoretically.
Mathematical Economics:
Within economic science frequent use is made of mathematical models. Many of these models try to explain the choices of economic agents in their economic environment. In this introduction, we set the first steps in modelling mathematically the decision processes in economics, looking both at behaviour surrounding individual choice in strategic decision situations, and at cooperative decision making.
Vrije Universiteit Amsterdam (VU Amsterdam) awards credits based on the ECTS system. Contact hours listed under a course description may vary due to the combination of lecture-based and independent work required for each course therefore, CEA's recommended credits are based on the ECTS credits assigned by VU Amsterdam. 1 ECTS equals 28 contact hours assigned by VU Amsterdam.