School of Business and Economics

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Welcome
to Maastricht University
School of Business and Economics
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Economics & Business Economics
A. Predtetchinski
Programme Coordinator IES
Assistant Professor

Tessa Voesenek
3
rd
year student IES
School of Business and Economics
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What is Economics/Business
Economics?
• Economics is a social science that studies the
production, distribution, trade and consumption of
goods and services.
• Applications of Economics:
– Policy: competition policy, market regulation, monetary
policy, fiscal policy.
– Business: finance, strategy, organization, accounting.

• Business Economics focuses on decision-making in
firms based on economic principles.




.
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Example: economic crisis and public cuts

• Should governments bail out private companies
using taxpayer money?

• How much market regulation is desirable?

• Public cuts: can they deepen the economic
slowdown?

What is Economics/Business
Economics?

School of Business and Economics
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Job Perspectives E&BE

32%
16%
12%
10%
10%
6%
14%
Accountancy and consultancy
Financial institutions
Industry
ICT 
Public service (inc. Education)
Commerce and trade
Other 
Source: Research Centre for Education and the Labour Market (ROA)
School of Business and Economics
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E&BE - year 1
Organisation
and Marketing
Quantitative Methods 1
Microeconomics
Accounting/Financial
Information Systems
Reflection on Academic Discourse in Business and Economics
Macroeconomics Quantitative Methods 2
Finance
International
Economic Relations
Economy game
School of Business and Economics
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Specialisations in E&BE
• International Business Economics (IBE)
• International Economic Studies (IES)
• Infonomics

School of Business and Economics
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International Business Economics
• Decision-making in businesses based on the
principles of Economics.

• Business component: accounting, finance, supply
chain management, marketing, strategy,
organization, etc.

• Economics component: financial markets,
competition among firms, market regulation, etc.




School of Business and Economics
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IBE – year 2
– Quantitative Business
– Marketing and Supply Chain Management
– Accounting
– Banking
– Financial Markets
– Managerial Economics
– Industrial Organization
– International Business Strategy


School of Business and Economics
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IBE – year 3
• One business specialization (major)
• Two business/economics electives
• One semester study abroad
• Bachelor’s thesis



School of Business and Economics
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IBE versus IB
IBE: an economics programme IB: a business programme
Institutions
Competition
Competitors Supplier
People
Welfare

• Economies
• Markets
• Efficiency
• Competition
• Welfare

• Manager
• Employer
• Customer
• Supplier
• Competitor
School of Business and Economics
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Specialisations in E&BE
• International Business Economics (IBE)
• International Economic Studies (IES)
• Infonomics

School of Business and Economics
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International Economic Studies
• Applied economics on solid theoretical
foundations.

• Policy focus: market regulation, competition
policy, monetary and fiscal policy, public finance,
etc.

• Multidisciplinary: aspects of sociology and
psychology.
School of Business and Economics
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IES – year 2

– Quantitative Methods
– Microeconomics: Choices, Markets and Welfare
– Macroeconomics and Economic Policy
– Public Economics
– Productivity
– International Economics
– Institutions, Behavior and Welfare
– Theories of Social Order
School of Business and Economics
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IES – year 3
• One semesters of electives
• One semester study abroad
• Bachelor’s thesis

School of Business and Economics
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Specialisations in E&BE
• International Business Economics
• International Economic Studies
• Infonomics

School of Business and Economics
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Infonomics
Economics and Business of the Information Society

• Broad discipline within economics and business
with a focus on information society.

• Impact of information and information
technologies on firms, markets, governments, and
societies
– What are the implications of the Internet for firms'
strategies and market structures?
– How can a firm use information to become more
competitive?



School of Business and Economics
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Infonomics – year 2
Economics and Business of the Information Society

– Quantitative Methods
– Introduction into the Information Society
– Information Management
– Knowledge Management
– ICT, Organisation and Income
– Systems Analysis & Design
– Productivity
– Network Economics
School of Business and Economics
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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



School of Business and Economics
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After the Bachelor …
• Enter the Job-market
• Master elsewhere, inside or outside the
Netherlands
• Internship before continuing studies
• Master at this faculty


School of Business and Economics
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Bachelor
Economics

Infonomics
Intern. Economic Studies
Intern. Business Economics
Bachelor

Fiscal
Economics
Bachelor

Econometrics
and
Operations
Research
Bachelor

International
Business
Master

Financial
Economics
Master

International
Economic
Studies
Master

Fiscal
Economics
Master

International
Business
Job market
Master

Infonomics
Master

Management of
Learning
Master

Econometrics
and Operations
Research
Research
Master

Business
Research
Research
Master

Economic
& Financial
Research
PhD / Doctoral
Programme
Bachelor
Economics and Business
Economics

Intern. Economic Studies
Infonomics
Intern. Business Economics
Bachelor

Fiscal
Economics
Bachelor

Econometrics
and
Operations
Research
Bachelor

International
Business
Master

International
Business
Master

Financial
Economics
Master

International
Economic
Studies
Master

Fiscal
Economics
Master

Infonomics
Master

Management of
Learning
Master

Econometrics
and Operations
Research
Research
Master

Business
Research
Research
Master

Economic
& Financial
Research
PhD / Doctoral
Programme
Job market
School of Business and Economics
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Why studying E&BE?
• High quality education
• Applicable knowledge
• Choice of specialization (IBE, IES, or Infonomics)
• Internationally oriented
• Interactive
• Includes training in professional skills











School of Business and Economics
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Applications

• Numerus Fixus (total 450 places)

• Decentralised Selection (225 places).
Deadline: 1 May 2011
– Motivation letter
– Essay on a topic in the field of Economics or
Business Economics.
– CV

Indicate: education, all relevant experience (work,
social activities etc.), language proficiency.
Central Selection (225 places).
Deadline: 15 May 2011






School of Business and Economics
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Information Fair
Faculty of Economics and Business Administration
ECT & OR FE
IB
Mensa
Student Services
DUO (Former IB-groep)
PGE
Study Abroad
Master’s Programmes &
Decentral Selection IB/EC
Language Centre
IES
INF
IBE
EFM Academy UB
Double degrees
Education &
Exams Office

Student
Life
School of Business and Economics
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Introduction


Tessa Voesenek
3rd year Economics student
Specialisation IES

School of Business and Economics
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IES, what is it again?


IES is somewhat comparable to Economie 1/2 as taught
in Dutch high schools, whereas IBE is more like M&O

Macroeconomics: GDP, Government Budget, Exchange
rate, Consumption, Inflation, Interest rate.

Microeconomics: Individual behaviour, Constrained Utility
maximisation, Monopolies, Oligopolies, Cartels.
School of Business and Economics
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So, what do I do?
Time Monday Tuesday Wednesd
ay
Thursday
Friday
08:30
10:30
11:00-
13:00
Tutorial
Behav.Ec
Tutorial
Macroec.
Tutorial
Behav.Ec
13:30-
15:30
Lecture
Macroec.
16:00-
18:00
18:00-
School of Business and Economics
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But it is not that empty!
Time Monday Tuesday Wednesd
ay
Thursday
Friday
08:30
10:30
Study Sports Sports Sleep
Sleep
11:00-
13:00
Tutoria
Behav.Ec
Tutorial
Macroec.
Study

Tutorial
Behav.Ec
Still
hangover
….
13:30-
15:30
Study Study Lecture
Macroec.
Study

Study

16:00-
18:00
Sports Meet
friends
Meeting
SC
Study Study
18:00- Dinner
with
friends
Info
session
study
abroad
Party Sorority
evening
Catch
the train
back
home
School of Business and Economics
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So what can you do
besides your studies?
School of Business and Economics
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Sports in Maastricht?
UM Sportscard: access to a large amount
of sports  maastrichtuniversity.nl/sport
e.g. Zumba, Yoga, Power kick, Basketball, Judo

Student Sport Associations (SSA):
23 Associations: Athletics, Badminton, Basketball,
Climbing, Cycling/Mountainbiking, Dancing, Fencing,
Field Hockey, Football/Futsal, Gymnastics, Handball,
Horseback riding, Karate, Korfball,
Lacrosse, Rowing, Rugby, Sailing/Surfing,
Swimming, Tennis, Triathlon,
Unihockey/Floorball, Volleyball

School of Business and Economics
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Board functions and internships
Study associations:
School of Business and Economics
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Studentlife in Maastricht
Student Associations



Independent fraternities/ sororities
School of Business and Economics
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And all of that combined with..
School of Business and Economics
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Makes studying not that hard
afterall! 

Hope to see you next year!
School of Business and Economics
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Questions?
School of Business and Economics
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