Master Economics and Finance of AgingEfa

Master Economics & Finance of Aging

School of Economics and Management

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Introduction

Bertrand Melenberg:

• Important information on Master’s program Economics and Finance of Aging:

• Planned end of program 2014/2015.

• NEW: Pension, Aging, and Retirement tracks in

• Master Economics

• Master Finance

• Master Econometrics and Mathematical Economics

• Master Quantitative Finance and Actuarial Science

Matthieu Vos:

• Perspective student/alumnus, focusing on internship.

School of Economics and Management

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Important change

We intend to end the Master's program in Economics and Finance of Aging by 2014-2015.

This Master's program then continues as Pension, Aging and Retirement tracks in:

• Master Finance

• Master Economics

• Master Econometrics and Mathematical Economics (EME)

• Master Quantitative Finance and Acturarial Science (QFAS)

These tracks will already start in the next academic year 2013-2014.

If you are interested in the subject Economics and Finance of Aging we strongly

recommend you to consider one of these tracks.

School of Economics and Management

Pension, Aging, and Retirement tracks

in cooperation with Netspar

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What is Netspar?

Network for Studies on Pensions, Aging and Retirement

In 2003 Dutch top-economist top Lans Bovenberg won

the Spinoza prize for Economics (‘the Dutch Nobel prize’).

With this prize he founded Netspar in 2004 together

with Theo Nijman

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Our partners, your internship?

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Private sector Government

Netspar activities

Netspar is heavily involved in the development of financial products and facilities for the ‘old age’ of Dutch and European citizens.

through

Master courses on pensions and aging

Master thesis and internships with the Netspar partners

PhD thesis sponsored by Netspar

Academic research

International academic conferences

Knowledge exchange programs

Educational programs for the industry

Budget: M€ 3.5

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1. How much should one save for retirement and how is the money to be invested ?

2. Is guaranteed pension income sufficiently attractive to pay the (high) cost ?

3. Should more choice options be offered to participants in pension schemes ?

4. Which groups have inadequate pension savings and why ?

5. How can supervision of pension vehicles in Europe be improved ?

6. What are the consequences of policy proposals in the Netherlands such as

• Maximum pensionable income 100,000 Euro

• Maximum annual accrual 1.75%

• UFR curve

• Pension agreement by social partners

Examples of topics on Netspar agenda

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• Advanced Corporate Finance (I)

• Investment Analysis (I)

• Empirical Methods in Finance (I)

• Investment Analysis of Aging & Pensions (I)

• Introduction to Economics and Finance of Pensions and Aging (I)

• Financial Analysis & Investor Behaviour (II)

• Elective (II)

• Master Thesis (with job market organized by Netspar)

Master FinancePension, Aging, and Retirement track

School of Economics and Management

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Compulsory courses (4×6=24 ECTS)

• Applied Methods

• Introduction to Economics and Finance of Pensions and Aging

• Economics and Psychology of Risk, Time, and Social Norms (2nd block in 1st semester)

• Generational Economics (1st block in 2nd semester)

Electives (total 3×6=18 ECTS)

• At most three courses (18 ECTS) from Netspar tracks in the two other MSc programs.

• At most three courses (18 ECTS) from other tracks in Economics.

• At most one course (6ECTS) outside TiSEM, at most two courses (12 ECTS) with a non-economics focus (includes Finance and Econometrics) in total course list.

Thesis (18 ECTS) (with job market organized by Netspar).

Master EconomicsPension, Aging, and Retirement track

School of Economics and Management

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Cluster A (24 ECTS): Four courses should be selected from:

• Financial Models (sem. 1)

• Empirical Finance (sem. 1)

• Pension System Design (sem. 1)

• Asset Liability Management (unit 3)

• Issues in Finance and Insurance (sem. 2)

• Dynamic Real Investment (sem. 2)

Cluster B (12 ECTS): Two courses should be selected from a list of courses including:

• Introduction to Economics and Finance of Aging (sem. 1)

Cluster C (6 ECTS)

• One course can be chosen from all TiSEM-master courses. This course has to be approved by the examination committee.

Master Thesis (18 ECTS) (with job market organized by Netspar)

• The Master’s thesis should be written on a subject in the field of QFAS.

Master QFASPension, Aging, and Retirement track

School of Economics and Management

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Cluster A (24 ECTS): Four courses should be selected from:

• Empirical Finance (sem. 1)

• Microeconometrics (sem. 1)

• Panel Data Analysis of Microeconomic Decisions (sem. 1)

• Time Series Econometrics (unit 3)

• Dynamic Real Investment (sem. 2)

• Games and Cooperative Behavior (sem. 2)

Cluster B (12 ECTS): Two courses should be selected from a list of courses, including:

• Introduction Economics and Finance of Pensions and Aging (sem. 1)

Cluster C (6 ECTS)

• One course can be chosen from all TiSEM-master courses. This course has to be approved by the examination committee.

Master Thesis (18 ECTS) (with job market organized by Netspar)

• The Master’s thesis should be written on a subject in the field of econometrics and mathematical economics.

Master EMEPension, Aging, and Retirement track

School of Economics and Management

More information

• For top students

• Prepare for PhD

• Great Rankings

• Excellent Funding

• International setting

• Good Job Opportunities

• Top Scholars

Visit us this evening at the Information Market or

at the Meet & Greet, 4 December (by invitation)

Research Master Business or Economics:

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Teacher of Economics or Management & Organization

From september 2013:

3rd years Bachelor’s students can start with the first 15 ECTS

As of September 2014:

the full program starts

More information

www.tilburguniversity.edu/master/lerarenopleiding

prof. van Dalen [email protected]

University Teacher Degree

School of Economics and Management

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TiSEM Career Services

TiSEM Career Services

Guiding you in your career planning process• Career Advice• Career Workshop• Internships• TiSEM Career Mentor Program

Simone Hofland (K204)Career Services Officer

13 466 4203

[email protected]/studentcareerservices

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TiSEM Alumni Relations

TiSEM Alumni Relations

Alumni are our most important ambassadors and our goal is to continue to support our alumni to succeed in their professional lives by providing opportunities to

- Expand Your Future- Knowledge - Skills - Network

As a student, you can benefit from the experiences of the thousands of alumni in the network

Pam Dupont Alumni Officer013 466 3603

[email protected]://www.tilburguniversity.edu/alumni-tisem

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Bachelors - before - Masters rule (Harde knip)

• You can only start studying for your Master’s degree once you have completed your Bachelor’s or Pre-Master's.

• The Bachelors-before-Masters rule will apply to all students starting a Master’s program on or after September 1, 2013.

School of Economics and Management

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Questions?