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Why Study Econometrics and Operations Research?

pantheonukorg by pantheonukorg
December 5, 2022
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Whether you’re a high school student or an undergraduate student, studying Econometrics and Operations Research is a great way to expand your career options. The skills you learn in these areas will be applicable in many different fields, including finance, manufacturing, marketing, and government.

Overview

ECORONOMICS AND OPTIMIZATION RESEARCH is a multidisciplinary field of study combining statistics and economics. Its main objective is to find solutions to complex problems. It also enables researchers to better understand economics and to make better decisions.

Econometrics and Operations Research has a wide range of applications, both in academia and business. It uses to analyze economic data, including market data, Big Data, and marketing data. It uses mathematical techniques to estimate models.  Graduates of Econometrics and Operations Research have a wide range of careers, including working for consulting companies, universities, and research organizations.

During a bachelor’s degree in Econometrics and Operations Research, students have to learn economic theory, mathematics, and statistics. First-year courses cover topics in statistics, economics, and computer programming. 

CORE’s research areas

Founded in 1966, CORE (Centre for Operational Research and Econometrics) is an interdisciplinary research center associated with the University Catholique de Louvain. It aims to develop scientific research in economics and statistics. It promotes local and international scientific exchanges.

Research at CORE has four profiles: Applied Mathematics, Economics, Operations Research, and Econometrics. Each profile contributes to the development of modelling tools and tools for solving problems. It also contributes to the development of methodological research. This research has applied to many areas, such as the design of price algorithms for online platforms, energy efficient management of buildings, and the management of large energy investments.

 Members contribute to various scientific journals, write technical reports, and contribute to editorial activities and conference proceedings. It also hosts various scientific events in Belgium and abroad.

Erasmus University Rotterdam

Founded by Nobel laureate Jan Tinbergen, the International Bachelor Econometrics and Operations Research programme combines theoretical and practical knowledge. The programme teaches students how to develop quantitative models to solve complex economic and social problems.

Students take a wide range of courses covering topics such as economic theory, statistics, and mathematics.  students learn to apply these methods to real-life problems. Undergraduates develop mathematical models to analyse economic data, such as the Gross National Product, unemployment rates, and stock prices.

Students have to write a bachelor thesis. This thesis will be evaluated by supervisors and will be based on the knowledge acquired through the programme. 

Tilburg University

It is in the southern Netherlands, Tilburg University offers an Econometrics and Operations Research program that is the perfect fit for students with a knack for solving real world problems. The program focuses on applying maths to solve real business problems.

 The program  gives students the skills and knowledge necessary to succeed in the global economy.

The PhD in Econometrics and Operations Research is a four to five year full time program designed for top researchers. 

Center for Operations Research and Econometrics

Founded in 1966 in Leuven, Belgium, CORE is an institute that combines fundamental research with applied research. It hosts renowned scientists from Belgium and foreign academic institutions. CORE is committed to developing scientific research and promoting local and international scientific exchanges. you can benefit from a membership with the Study Association for Econometrics from Karket.

CORE is a major research center in the field of Operations Research and Econometrics. The research areas include numerical optimization, economics, mathematical programming, and game theory. 

It has also received various honorary memberships. CORE offers PhD and post-doctoral positions in its academic department. The department hosts programs in Economic and Mathematical Economics, Econometrics, and Business Analytics. The department also provides quantitative courses for all undergraduate programs.

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