Faculty of Economics and Business Administration. Masters Economics

Transcription

1 Faculty of Economics and Business Administration Masters Economics 1

2 Contents Introduction 4 Tilburg University 6 Faculty of Economics and Business Administration 8 Economics 17 At a Glance 18 Characteristics 18 Programme 21 Career Prospects 22 Admission Requirements 22 Economics and Finance of Aging 24 At a Glance 25 Characteristics 25 Programme 27 The Netspar network 30 Career Prospects 31 Admission Requirements 31 Fiscale Economie 33 In het kort 34 Kenmerken 34 Programma 36 Carrièremogelijkheden 39 Toelatingseisen 39 International Economics and Finance 41 At a Glance 42 Characteristics 42 Programme 44 Career Prospects 47 Admission Requirements 47 Mathematical Economics and Econometric Methods 49 At a Glance 50 Characteristics 50 Programme 51 Career Prospects 54 Admission Requirements 54 Operations Research and Management Science 57 At a Glance 58 Characteristics 58 Programme 60 Career Prospects 63 Admission Requirements 63 Quantitative Finance and Actuarial Sciences 65 At a Glance 66 Characteristics 66 Programme 68 Career Prospects 71 Admission Requirements 71 Application and Admission 73 Tuition Fee 78 Contact

3 Dean s Welcome Welcome to the Faculty of Economics and Business Administration of Tilburg University! Welkom namens de Decaan Welkom bij de Faculteit Economie en Bedrijfswetenschappen van de Universiteit van Tilburg! In this brochure I proudly present you our Master s programmes in Economics. You will find all relevant information about these programmes, including course descriptions, interviews with students, alumni and professors, and case examples. International rankings of research output in academic journals tell us that we rank among the top three faculties in both Business and Economics in Europe. You will find that the quality of our research is clearly reflected in our programmes, in the individual courses and in our teaching. Most programmes are taught in English and are therefore described in English. Programmes taught in Dutch are described in Dutch. I hope this brochure will lead you to selecting one of our Master s programmes. I am very much looking forward to receiving your application and to welcoming you at Tilburg University. Prof.dr. Kees Koedijk Dean Faculty of Economics and Business Administration Tilburg University In deze brochure presenteer ik onze masterprogramma s op het gebied van Economie. Je vindt hier meer informatie over de programma s, inclusief cursusbeschrijvingen, interviews met studenten, alumni en professoren, en case beschrijvingen. Internationale onderzoeksrankings in wetenschappelijke bladen vertellen ons dat we bij de top drie faculteiten in Europa behoren in zowel Bedrijfswetenschappen als in Economie. Je zult ontdekken dat de kwaliteit van ons onderzoek ook duidelijk naar voren komt in onze programma s, de individuele cursussen en in ons onderwijs. De meeste programma s worden in het Engels verzorgd en zijn hier dan ook beschreven in het Engels. De programma s die in het Nederlands worden gegeven, zijn beschreven in het Nederlands. Ik hoop dat deze met deze brochure je keuze zult laten vallen op een van onze masters. Ik kijk er naar uit om jouw aanmelding te ontvangen en je te mogen verwelkomen in Tilburg. Prof.dr. Kees Koedijk Decaan Faculteit Economie en Bedrijfswetenschappen Universiteit van Tilburg 4 5

4 Tilburg University Tilburg University is an internationally oriented, fully Universiteit van Tilburg accredited, top university in the Netherlands. It is well De Universiteit van Tilburg is een internationaal known for its high standards in education and scientific georiënteerde, volledig geaccrediteerde topuniversiteit. research as well as its excellent support facilities. De universiteit staat zeer bekend om haar hoge kwaliteit in In yearly rankings, Tilburg University has taken a leading onderwijs en onderzoek en de uitstekende ondersteunende position for many years now, especially in the field of faciliteiten. In jaarlijkse rankingslijstjes staat de Business, Economics and Law. Universiteit van Tilburg al jaren bovenaan. Since 1927, Tilburg University has expanded its horizons Sinds 1927 is de Universiteit van Tilburg uitgegroeid tot and has grown into a university with six faculties, namely een universiteit met zes faculteiten, te weten Economie en Economics and Business Administration, Law, Social Bedrijfswetenschappen, Rechten, Sociale Wetenschappen, and Behavioural Sciences, Humanities, TiasNimbas Geesteswetenschappen, TiasNimbas Business School en Business School and Catholic Theology. In addition to Theologie. De universiteit is gespecialiseerd in de mens- en these faculties, it has a number of well-established maatschappijwetenschappen en behoort tot de top in Europa research institutes and graduate schools. Its 1,700 staff op het gebied van bedrijfswetenschappen, economie en Tilburg University members manage to inspire and challenge over 11,000 students by providing high quality, innovative and internationally oriented education and research. Tilburg University invites you to take part in a challenging student life in a truly international setting. The compact campus set-up offers you the opportunity to meet professors, researchers, lecturers and students of different backgrounds and nationalities. Furthermore, the university has 185 partner universities on all six continents. At Tilburg University you can enjoy interactive teaching in small groups, including case studies and teamwork. Moreover, you will have access to all campus facilities such as wireless internet, a high-tech library, recht. De 1700 medewerkers inspireren ruim 11,000 studenten en dagen ze uit met hoogwaardig, innovatief en internationaal georienteerd onderwijs en onderzoek. De Universiteit van Tilburg nodigt je uit om deel te nemen aan een uitdagend studentenleven in een internationale omgeving. De compacte campus geeft je de mogelijkheid hoogleraren, onderzoekers, docenten en studenten te ontmoeten met verschillende achtergronden en nationaliteiten. Bovendien heeft de universiteit 185 partner universiteiten op alle vijf de continenten. Op de Universiteit van Tilburg volg je interactieve colleges in kleine groepen met cases en groepsopdrachten. Daarbij heb je toegang tot alle campus faciliteiten zoals wireless internet, een high-tech bibliotheek, 6 a language centre and internet cafés. een talencentrum en internetcafés. 7

5 Faculty of Economics and Business Administration The Faculty of Economics and Business Administration is Tilburg University s largest Faculty and the most prestigious one in the Netherlands. The Faculty enjoys high rankings for its excellent quality in education and research, for example, it is the current number one economics research institute in Europe and the number three business research institute. With about 500 staff members, the Faculty of Economics and Business Administration offers 28 undergraduate and graduate programmes in the fields of Economics and Business to approximately 5000 students. Education and research are provided by the Faculty s departments: Accountancy, Econometrics and Operations Research, Economics, Finance, Fiscal Economics, Information Management, Marketing, and Organisation and Strategy. All study programmes have achieved accreditation by the Dutch Flemish Validation Council (NVAO). Additionally, the business programmes have achieved accreditation by AACSB International. All represent hallmarks of excellence that make it possible for Tilburg University to compete not only with European Universities, but also with some of the best Universities in the world. Faculteit Economie en Bedrijfswetenschappen De Faculteit Economie en Bedrijfswetenschappen is de grootste faculteit van de Universiteit van Tilburg en de meest prestigieuze faculteit in Nederland. De faculteit staat hoog in de rankings vanwege haar uitstekende kwaliteit in onderwijs en onderzoek en is de huidige nummer 1 in Europa op het gebied van economisch onderzoek en de nummer 3 in bedrijfswetenschappelijk onderzoek. Met ongeveer 500 medewerkers verzorgt de faculteit 28 opleidingen aan ongeveer 5000 studenten. Onderwijs en onderzoek worden verzorgd vanuit de departementen van de faculteit: Accountancy, Econometrie en Operations Research, Economie, Finance, Fiscale Economie, Informatiekunde, Marketing, en Organisatie en Strategie. Alle onderwijsprogramma s zijn geaccrediteerd door de Nederlands-Vlaamse Accreditatie Organisatie (NVAO). De business programma s dragen het keurmerk van AACSB International. Dit alles bevestigt de kwaliteit van de universiteit en maakt het mogelijk om niet alleen de strijd aan te gaan met de Europese universiteiten, maar ook met enkele van de beste universiteiten in de wereld Rankings The Faculty of Economics and Business Administration is consistently ranked in the top best universities in Europe. Some of the most recent rankings: - Number one in Economics research in Europe according to the latest ranking of the European Economic Association (2003) - Number three in Economics research in Europe ( 2004) - Number 11 International Executive MBA in the world: TiasNimbas Business School, Tilburg University, Financial Times world ranking Number three in Business research in Europe according to a ranking of the School of Management of the University of Texas, Dallas in 2008 For an overview of the latest rankings and accreditations of Tilburg University, please visit our website: Partnerships & Academic Cooperation The Faculty of Economics and Business Administration has established institutional agreements with a number of selected top universities worldwide to facilitate long-term academic cooperation and to increase the international exposure of the Faculty. These bilateral agreements contain various initiatives, such as student exchange programmes and other forms of study abroad, staff mobility and dual degree programmes. For more information, please visit: Departments The programmes offered by the Faculty of Economics and Business Administration are based on the scientific research of eight different departments: Accountancy, Econometrics & Operations Research, Economics, Finance, Fiscal Economics, Information Management, Marketing and Organisation & Strategy, research institute Netspar and the Faculty s graduate school CentER. Departementen De opleidingen van de Faculteit Economie en Bedrijfswetenschappen zijn gebaseerd op het onderzoek van acht verschillende departementen: Accountancy, Econometrie en Operations Research, Economie, Financiering, Fiscale Economie, Informatiekunde, Marketing en Organisatie & Strategie; onderzoeksinstituut Netspar; en de onderzoeksschool van de faculteit CentER Graduate School. Undergraduate Programmes Degree Programmes Graduate Programmes 7 BSc Programmes 17 MSc Programmes 2 MPhil & PhD Programmes 2 Post-graduate Programmes

6 Department of Accountancy Departement Accountancy Department of Finance Department of Information Management Accountancy is gathering and using information about Accountancy is het verzamelen en het gebruik van The research and educational activities of the depart- The research and education conducted by the Depart- the planning, control, and performance of an economic informatie over de planning, beheersing en presentatie ment of Finance cover Corporate Finance as well as ment of Information Management can be summarized as entity. Research by the department of Accountancy at van een bedrijf of organisatie. Onderzoek van het Investment Analysis. Topics of interest include corporate follows: explain, predict, design and develop, and thus Tilburg University spans a range of topics almost as departement Accountancy op de Universiteit van Tilburg governance, empirical asset pricing and empirical corpo- improve the impact of ICT on the performance of teams, broad as that definition. Department members are omvat een hoeveelheid onderwerpen die bijna zo breed rate finance, derivative pricing, and banking relation- businesses, and organisations. It aims at advancing the exploring how firms use accounting for performance is als de bovenstaande definitie. De medewerkers van ships. The department aims to produce high quality current state of the art regarding the application, con- measurement and performance management purposes, het departement onderzoeken hoe bedrijven accounting research as well as education at undergraduate, gradua- tent, and delivery of ICT systems, improving decision how market agents use accounting information in capital gebruiken voor prestatiebeoordelings- en prestatie- te, and executive levels. An active seminar series and making processes, and integrating new technologies into markets, the manner in which firms respond to tax rules, managementdoeleinden, hoe marktpartijen accounting- good contacts with the industry guarantee a steady flow business practices. The problems addressed, apply and the economic role of auditors. An external commit- informatie gebruiken op vermogensmarkten, de manier of new ideas. Relations with the business community are equally well to regional medium-sized companies with tee evaluated the research of the department and waarop bedrijven reageren op belastingregels en de structured in the Tilburg Center of Finance, which provi- network-based systems and to large organisations concluded it to be in a leading position in the Netherlands. economische rol van openbaar accountants. des a platform where financial institutions meet with seeking to engage in the practices of international In this evaluation, the department also scored very high Het onderzoek van het departement is door een externe finance academics. The associated institutions benefit electronic business and become global businesses. on international significance and quality. The department commissie geëvalueerd. Deze commissie concludeerde from high-level workshops. Research in the Finance The department members work is interdisciplinary and of Accountancy offers three Master s programmes: dat het departement zich in een leidende positie bevond Group is geared towards fundamental scientific research requires excellent knowledge of ICT, business processes, MSc in Accountancy (in Dutch), MSc in Accounting, and in Nederland. Verder scoorde het departement in deze in corporate finance and investments. The yardstick and management. a Research Master (MPhil) in Business, Accounting evaluatie zeer hoog op internationale betekenis en used, is publications in the top financial reviews. Interac- Track. Additionally, the department offers a postgraduate kwaliteit. Het departement Accountancy verzorgt drie tion between the Finance Group and other research programme in Auditing (in Dutch). masters: MSc in Accountancy, MSc in Accounting (in het groups (especially microeconomics and econometrics), Engels) en de Onderzoeksmaster (MPhil) in Business, remains one of our strengths. Accounting Track (in het Engels). Het departement verzorgt daarnaast de postdoctorale opleiding tot Registeraccountant (RA)

7 Department of Marketing Department of Organisation & Strategy Department of Econometrics and Operations Research Department of Economics The department of Marketing is dedicated to excellence in Research in the department of Organisation and Strategy Tilburg University is renowned for its research and educa- The department of Economics covers two main research teaching and contributes to several BSc programmes and takes place within the areas of strategic management, tion in Econometrics and Operations Research, a unique areas: macroeconomics and microeconomics. Within these the MSc in Marketing Management, MSc in Marketing logistics management, internal organisation, organisation combination of economics, mathematics and statistics. two areas, various fields are covered such as international Research, International Business, MPhil and PhD in theory and behaviour, operations management, and inter- Research in the department covers a wide variety of topics: economics, monetary economics, labour economics, public Business, Executive programmes at TiasNimbas Business national management. The department is involved in (general) Econometrics, Quantitative Finance, Actuarial economics, economic growth, environmental economics, School and the post-master in Accountancy. The goal of several programmes for undergraduate students and four Sciences, Operations Research, Quantitative Logistics, experimental economics, game theory and industrial the research group in marketing is to become one of the Master s programmes for graduate students: International Microeconomics and Game Theory. The department organisation. The research done in the department is inspired top five marketing groups in Europe within five years. Business, Logistics and Operations Management, Strategic offers an internationally oriented and lively research not only by theoretical developments but also major The group strives to accomplish this by combining the Management and the Research Master s programme environment aiming for top quality with approximately real-world questions. It has direct social relevance and is strengths of three key research areas in marketing: (MPhil) in Business. Furthermore, members of the depart staff members and PhD students. The incorporated into policy and decision making of govern- strategy, consumer behaviour, and modelling. ment teach courses in the programmes of TiasNimbas record in obtaining research grants is excellent. Most mental organisations and firms. Several members of the Business School. As part of the growing internationalisation researchers have a strong quantitative background in department serve as advisors to governmental agencies. Departement Marketing of Tilburg University, this department has witnessed an mathematics and statistics. Departmental members The members of the department provide education in Het departement Marketing stelt zich ten doel uitstekend increase in the diversity of nationalities of the members participate in six out of nine research groups of CentER the Master s programmes Economics and International onderwijs te verzorgen en levert bijdragen aan verschillende of the department. Now, the department is a multinational (the Faculty s research institute): Econometrics, Macro- Economics and Finance, but also in other Master s bacheloropleidingen, MSc in Marketing Management, group of people, including staff from Belgium, France, economics, Microeconomics, Finance, Operations Research programmes and in various undergraduate programmes. MSc in Marketing Research, MSc in International Business, Poland, Italy, USA, and The Netherlands. and Accounting. The department is directly responsible for MPhil en PhD in Business, Executive programma s van the Bachelor s programme in Econometrics and Operations TiasNimbas Business School en de post-master in Research and the three Master s programmes in Mathe- Accountancy. De onderzoeksgroep Marketing wil binnen matical Economics and Econometric Methods, Operations vijf jaar tot de top vijf marketing groepen van Europa Research and Management Science and Quantitative behoren. Ze wil dit bewerkstelligen door de sterke punten Finance and Actuarial Sciences (with a possible entry van drie onderzoeksgebieden te combineren: marketing- to become actuary). Furthermore, the department is strategie, consumentengedrag en modeleren. responsible for the mathematics and statistics component within several Bachelor s programmes. Moreover, the department actively participates in courses in the CentER Graduate Programmes in Economics and Business

8 Departement Fiscale Economie Netspar CentER It hosts 150 faculty members who divide their time Het departement Fiscale Economie maakt onderdeel uit Netspar is a network for research and education in the field The CentER for Economic Research is the research institute between teaching a variety of courses in the Faculty of van het Fiscaal Instituut Tilburg (FIT). Het FIT is een of pensions, aging and retirement. It is an independent of the Faculty of Economics and Business Administration. Economics and Business Administration and conducting interfacultair instituut waarbinnen het onderwijs en network composed of academics and practitioners in the As a top research institute in Europe, it draws on the research. These faculty members are part of CentER s nine onderzoek van de Faculteit Rechtsgeleerdheid, meer field, supported by universities as well as private and public academic expertise of some of the most outstanding minds research groups: Econometrics, Macroeconomics, specifiek van het departement Fiscaal Recht, en de institutions with an interest in Netspar s research topics. in the fields of economics and business. With its internatio- Microeconomics, Accounting, Computerized Information Faculteit Economie en Bedrijfswetenschappen, The initiative to establish Netspar was taken by the Faculty nal orientation, CentER offers an environment that fosters Systems, Finance, Marketing, Operations Research, and departement Fiscale Economie, op het gebied van het of Economics and Business Administration and the Faculty rigorous academic research across the entire spectrum Organization. CentER Graduate School had enrolled more belastingrecht zijn gebundeld. Vanuit het FIT worden vier of Social and Behavioural Sciences of Tilburg University. of economics and business research. Its MPhil & PhD than 300 PhD students. Approximately half of these opleidingen verzorgd: de bachelors Fiscale Economie en programmes prepare the next generation of economists and students are international students. Fiscaal Recht en de masters Fiscale Economie en Netspar formulates and executes three independent and business researchers to meet the challenges of the economy Fiscaal Recht. Alle opleidingen staan bekend om de internationally oriented scientific research programmes of the future. CentER covers all research fields in Economics hoogstaande, academische kwaliteit, de persoonlijke on pensions, aging and social insurance in a broad and Business Administration and provides intensive begeleiding van studenten, het evenwichtige onderwijs- life-cycle context: graduate programmes in Economics and Business. programma en de kwaliteit van de docenten. Macroeconomic aspects of aging and retirement Naast het verzorgen van onderwijs doen de medewerkers Decisions of individuals and households concerning CentER is a solid institution with a very good reputation van het FIT ook onderzoek naar de wisselwerking tussen savings, retirement and insurance that presents a high level of education programmes, which belastingrecht, vennootschapsrecht, goederenrecht en Institutional aspects and behaviour of pension funds help to enrich your knowledge and realize your potential. insolventierecht en onderzoek op het gebied van and financial institutions One year of studying at CentER reconfirms that I made a pensioenen en andere toekomstvoorzieningen. Leading academic researchers from different fields, good choice. Het FIT maakt deel uit van een internationaal netwerk, disciplines, backgrounds and institutions cooperate in Carlos Lourenço, PhD Marketing genaamd EUCOTAX (European Universities Cooperating these programmes. on Taxes). Samen met de fiscale instituten van de universiteiten van Londen, Parijs, Osnabrück, Wenen, More information about Netspar is available at Barcelona, Stockholm, Leuven, Washington en Bologna wordt grensoverschrijdend onderzoek verricht naar fiscale wetgeving in het algemeen en de wisselwerking tussen de E(M)U en belastingwetten in het bijzonder

9 Stockholm Dublin Lisbon Madrid London Paris Tilburg Rome Berlin Warsaw Sofia Istanbul Economics Athens 16 17

10 Economics Case At a Glance Characteristics Is immigration a drain on the public purse? even when the future contributions of the immigrant s Name Economics Ongoing technological progress and globalisation have Free trade forces both individual firms and entire offspring are taken into account. An immigrant with an Croho* resulted in economies becoming increasingly integrated. economies to concentrate on doing what they do most education beyond high school, on the other hand, is Duration 1-year Master s programme One of the consequences of this integration is that efficiently by eliminating less productive activities. desirable even before his children s future earnings are Type Full-time competition between firms becomes harsher. In theory, making migration easier should have taken into account. For the public purse, the most Title Master of Science Firms need to think carefully about how to avoid the similar effects, allowing a better matching of the sup- lucrative immigrant is a 21-year-old with higher-level Education On-campus only (no distance negative effects of increased competition on their profits. ply of workers to the demand and enabling education; the least, one aged over 70 who did not finish learning), lectures and However, they also need to consider whether they workers with particular skills to relocate to where those high school. workshops can strategically benefit from the opportunities skills can be best put to use. Language of Instruction English globalisation and increased market integration create. Some studies have found that the wages and employment Both Australia and Canada use a point system to select Exams Written exams, papers Firms are not the only agents who need to think of natives (usually unskilled ones) fall when immigrant those immigrants that are of greatest economic value Best Preparatory strategically. Increased economic integration implies workers arrive. According to the OECD, however, most to their country. This makes you wonder what other Bachelor s Economics or International that governments are also confronted with ever changing studies have found that the negative effect of immigration economic factors would be considered for the point Economics and Finance threats and opportunities. Think about aging populations, is small and short-lived. OECD also estimates that some system besides age and education? To what extent do Core Courses Competition and Regulation increasing environmental concerns, lagging technological foreigners are more attractive (in a fiscal sense) than you think such schemes can work? Also consider this Track, Socio-economic Policy progress, inadequate social welfare, health and pension others. Educational levels, in particular, are crucial. case when the imported labour is no longer productive. Track, Resources, Development systems they all exist because of market failures. and Growth Track Building on this knowledge, students should be able to An immigrant who arrives with less than high school Source: The Economist Career Prospects General management, govern- come up with creative and efficient solutions to the posed education is likely to be a net drain on public finances, ment, applied research, larger problems, taking into account all relevant constraints. internationally operating companies and consultancy Each course consists of lectures in which you are exposed to state of the art knowledge of the relevant field, both Is this the right programme for me? Start September theory and empirical evidence. In addition, you are Studying an MSc in Economics at Tilburg University will the private sectors place high value on economics Information Day 27 November 2008 and challenged to critically assess the applicability of the provide you with a modern and relevant university graduates. Moreover, recent research has shown that 16 May 2009 theories presented to real world problems. degree, enabling you to analyse and interpret current economics graduates earn up to 24% more than the More Information economic issues in a general, international, financial and average graduate. business context. Employers from both the public and * Registration Code for Dutch students to register with the IB-Group

11 Prof.Dr.Ir. Jan van Ours Professor of Labour Economics Students get value for money The Department of Economics in Tilburg offers an inspiring academic environment that combines high quality theoretical and empirical researchers with applied policy researchers. In teaching assessments, economics in Tilburg has high national scores. In research assessments, Tilburg ranks very high internationally. This means that lecturers involved in the Master s programme are at the frontier of economic research while at the same time they closely monitor economic policy in the Netherlands. This unique combination of a high quality educational programme and high quality scientific research brings about a first-class treatment for students. The confrontation with up-to-date research gives students the opportunity to update their analytical skills while at the same time they will be taught to apply their analytical skills to analyse current policy issues. In short, the students get value for money. Programme The programme consists of 60 Credits (ECTS), equivalent to 1680 hours of study, offered over two semesters. The first semester starts in September, with exams in December and January. The second semester runs from January to June, but is divided in two. From January to March, you will take two courses. From March onwards, you will be able to focus on your Master s Thesis. ECTS Applied Methods for Economists 6 4 courses or more out of: 24 - Seminar Game Theory and Industrial Organisation - Seminar Privatisation, Regulation, Productivity and Competitiveness - Seminar Competition Policy - Seminar Liberalisation and Regulation - Seminar Public Economics - Seminar Labour Economics - Seminar Development and Growth - Seminar Environmental Economics Maximally 2 electives 12 Master s Thesis 18 Tracks You have substantial freedom in selecting the courses you wish to take, but that does not necessarily mean that all combinations of courses are equally appealing. You can follow a clear track by choosing the right topic for your thesis, by choosing the right combination of core courses and electives, and by focusing your coursework on the topic you wish to specialise in. We have identified three sets of courses that make up packages with a distinct track. Competition and Regulation The track Competition and Regulation consists of courses that focus on how markets should be organised. This track has a clear industrial organisation focus, as indicated by its courses: Seminar Game Theory and Industrial Organisation, Seminar Privatisation, Regulation, Productivity and Competitiveness, Seminar Competition Policy, and Seminar Liberalisation and Regulation. In these courses economic theory is used to analyse causes of imperfect competition and to identify rules and regulations that induce fiercer competition while mitigating possible negative effects on productivity and technological change. This programme is provisional. For more information about the programme and the courses, please check the electronic study guide on our web pages at

12 Socio economic Policy The track Socio economic Policy consists of courses that focus on how governments can achieve their domestic policy objectives, taking into account the constraints associated with ongoing economic integration. This track centres on the Seminars Public Economics and Labour Economics. The mobility of production factors (labour, capital) as well as the extent to which barriers affect trade flows, together determine the scope governments have to achieve their domestic policy objectives. The underlying mechanisms and the consequences for labour market policies, the design of labour market institutions, the set-up of the health care and pension systems are the main subjects discussed in the key courses of this track. Resources, Development and Growth The track Resources, Development and Growth focuses on the sources of economic growth, the barriers to growth and development, and on the negative consequences of growth. Key courses here are the Seminars Development and Growth, and Environmental Economics. Development Economics focuses on explaining why some countries are less developed than others and how the gap can be bridged. Environmental Economics explores whether government intervention is indispensable to solving environmental problems, and under what circumstances some sort of self-regulation can arise. Furthermore, it addresses the prospects for nature conservation in a Professor of Environmental Economics, Member Advisory Council for Research on Nature and Environment for the Dutch government, Co-Editor Career Prospects Journal of Environmental Economics and Tilburg Economics graduates find their first jobs in the private sector (especially consultancy firms, financial institutions, and applied research firms, but also internationally operating companies), international organisations (World Bank, IMF, International Labour Organisation), government (all ministries, the European Union, but also with scientific bureaus of political parties), and non profit organisations (universities, other teaching jobs, labour unions). Also, the Economics programme provides a very good background for entering an MPhil/PhD programme, either in the Netherlands or abroad. Because of the excellent reputation of the Economics Department in both teaching and research, alumni of the Master s programme in Economics have a competitive advantage in all jobs for which sound economic knowledge, strong economic intuition, and sharp analytical and problem solving skills are required. Admission Requirements You can enter the Master s programme in Economics with a Bachelor s degree in Economics or International Economics and Finance of Tilburg University, or a similar programme from a university that has been recognised by the Admissions Board. If you have a relevant university degree of another university, the Admission Board will assess your application. For more information see chapter Application and Admission. Prof.Dr. Aart de Zeeuw Management Studying Economics is like playing football Research in environmental and resource economics has been booming in the last 15 years and is still going strong. This has led to a much better understanding of the relationship between the natural environment and economic areas such as growth, trade and public goods. More insight has been gained in how to value environmental resources. Economics as a behavioural science has proven to be useful in the analysis of natural resources, but also in the analysis of institutions to protect the environment. Tilburg University has heavily contributed to this research. The Master s programme in Economics builds on fields in which Tilburg has an international reputation, so the material is up-to-date and the lecturers are highly motivated. It shows how the basic elements of economic analysis function in getting a deeper understanding of important societal problems. Studying for a Master s in Economics is like playing a game of football. In the Bachelor s programme you learn how control a ball but in the end, playing a game is what makes it really interesting and enjoyable. world of increased integration (globalisation) and ongoing economic growth

13 Economics and Finance of Aging 24Economics and Finance of Aging At a Glance Characteristics Name Economics and Finance of Aging Dealing with an aging society is one of the major challenges Croho* governments and businesses currently face. Longevity Duration 1-year Master s programme occurs more often, people take more precautions for their Type Full-time old age provision, differences in life courses between Title Master of Science young people and previous generations are increasing, Education On-campus (no distance learning), lectures, workshops and an internship and social security expenditure is lowered in several western countries. These facts lead to governments, pension funds, insurance companies and financial Language of Instruction English institutions asking questions such as: How can we Exams Written or oral exams, papers, assignments increase the participation rate amongst older employees? How can we make working after the official retirement Best Preparatory Economics, Econometrics, age more attractive? How do we spread old age risks Bachelor s Business Administration, Actuarial Sciences efficiently across various pension systems? How can we ensure that pension products are equally appealing to Core Courses Intro. Economics and Finance of Pensions & Aging, Microeconomics of Life Cycle Behaviour, Macro-economics of Pensions & Aging, Empirical Research in Pension & Retirement Economics, Investment Analysis of Pensions & Aging I both young and older people? How can we ensure that people live longer in good health? These issues become increasingly important to our society and can create substantial value for both businesses and society. As such, it creates a great challenge for young potentials. The one-year Master s programme Economics and Finance of Aging is the right choice to Career Prospects Insurance companies, pension funds, ministries, and other private and public sector institutions take on this challenge; a very broad programme that applies different perspectives like finance, economics and econometrics to analyse aging related problems. Start September Information Day 27 November 2008 and 16 May 2009 The programme is embedded in Netspar, Network for Studies on Pensions, Aging and Retirement, located at More Information Tilburg University. Netspar is supported by universities 24 * Registration Code for Dutch students to register with the and private and public institutions that have a keen 25 IB-Group.

14 Veronique Achmad Junior actuary at PGGM, from the Netherlands Alumnus of the MSc in Economics and Finance of Aging, BSc degree in International Economics and Finance Career perspectives are very good Economics and Finance of Aging is a very topical with PGGM, I was also offered several other positions. subject, which makes it very interesting to study. There is a high demand for specialists in the field of What I like about this Master s programme, is that pensions and aging. Hence, when you finish this classes are taught by a broad range of professors, Master s programme, career perspectives are very not only from Tilburg University but also from other good. So finding an interesting job is something you universities or from the work field. Furthermore, definitely do not have to worry about when choosing some of my former classmates are working at one of this programme. Netspar s partner institutions. This offers a lot of different perspectives on the cases presented and allows students to study problems from various angles, such as the macro-economic, micro-economic or investment side of things. Another important aspect of the programme is that it is very internationally oriented. The whole programme is in English and about half of the students come from abroad. Last year, I was an intern at PGGM, which is one of the largest pension administrators in The Netherlands. Based on this internship, I have written my Master s thesis on the trade-off between security and insurance premiums. Both aging and the field of pensions are hot topics nowadays, which means that it should not be too difficult to find an interesting topic for your thesis. Furthermore, many students, including myself, were offered a job interest in Netspar s research topics. Top lecturers of the affiliated universities are involved in the Master s and specialists from the private and public partners give guest lectures. Furthermore, students will visit partner organisations and participate in workshops and other Netspar events. An internship forms a unique and important element of the programme. Students write a Master s thesis based on an internship with a Netspar partner institution, which is supervised by a Netspar researcher. This set-up ensures that you write your thesis on a subject that is relevant for the pensions and insurance sectors. Netspar will intermediate in finding a matching internship. In the matching had a 100% success rate. Is this the right programme for me? This is the world s first MSc in the field of aging, pensions and retirement. Lectures are given by top lecturers to relatively small groups of students, creating opportunities for interaction between the lecturer and the students. You will be challenged to actively participate in the lectures, you will receive assignments, and you will be asked to come up with your own suggestions to apply theory to real problems. In short, if you have a keen interest in economic and financial issues that are related to aging combined with a proactive attitude, then this may well be the right programme for you. Programme The programme consists of 60 Credits (ECTS), equivalent to 1680 hours of study, offered over two semesters. The first semester starts in September, with exams in December and January. The second semester runs from January to June, but is divided in two. From January to April, you will take two courses. From April onwards, you will be able to focus on your internship and your Master s thesis. ECTS Introduction to Economics and Finance of Pensions and Aging 6 Empirical Research in Pension and Retirement Economics 6 Investment Analysis of Pensions and Aging I 6 Macroeconomics of Pensions and Social Insurance 6 Microeconomics of Life-cycle Behaviour 6 Two courses out of: 12 - Health Economics and Aging - Investment Analysis of Pensions and Aging II - Psychology of Economic Behaviour - Topics in Economics and Finance of Aging Master s Thesis 18 This programme is provisional. For more information about the programme and the courses, please check the electronic study guide on our web pages at following their internship. Although I took ok the job 26 27

15 Case Introduction Economics and Finance of Macroeconomics of Pensions and Aging The Pension Challenge Questions: Pensions and Social Insurance Many western countries will be confronted with a The affordability of old age provisions is coming under 1. Compare a defined benefit system with a contributed What are the main issues underlying the current worldwide doubling of the ratio of pensioners to workers around pressure because the Netherlands, like other EU benefit system from a participant s viewpoint. debate about the aging of the population and its conse This development raises many policy issues. countries, has to deal with the consequences of an 2. What exactly is the challenge the social partners quences for pension systems from a microeconomic, For example, how can state pensions and rising health aging population. This is the challenge the government, are facing? a macroeconomic, and an institutional point of view? care expenditure be maintained in the future? pension funds and the central organisations of employers 3. Compare the financing of old age pensions through This course emphasises the relationships between these How should the government organise its taxation? and employees, the so-called social partners, now face. pension funds with the alternative approach, where three perspectives. It considers the role of pension Should pension schemes be privatised? This course Pension funds play an important role in the Dutch pension the government taxes the active workers to pay the systems in redistributing resources and sharing risks aims to give you a better understanding of the system. The participants of these pension funds pay pensions of the retired workers. Discuss the differences across and within generations. challenges of aging on modern welfare states and premiums until retirement. In exchange, the pension between the two pension systems, taking into account pension systems. funds promise to pay pensions after retirement accor- the aging of the population. Empirical Research in Pension and Retirement Economics ding to a pension plan. In case of a defined benefit plan This course focuses on the use of empirical tools from Microeconomics of Life-cycle behaviour (more than 90% of the pension plans), the pension Source: statistics and econometrics in pension and aging This course equips you with the tools to understand the funds promise to pay the participant, say, 70% of the last International site Dutch Ministry SZW (Social Affairs and economics. The course discusses the main properties microeconomic arguments behind the debate about salary before retirement. To pay the promised pensions, Employment) of a variety of standard econometric models and their social insurance, social assistance and tax policy. You will the pension funds invest the premiums in assets, application to issues in aging, retirement, pensions, deal with models of retirement decisions and decisions like stocks and bonds. saving, etc. You will learn to do empirical research on saving for retirement and consumption. Emphasis yourself and how to evaluate empirical research done will be placed on the incentives for retirement and labour The future returns on these investments are used to by others. supply implied by old age social security benefits. finance the promised pensions. In case of a defined contribution plan the promised pension payments Investment Analysis of Pensions and Aging I depend on the returns (gains or losses) on the pension The focus of this course is on the investment decisions funds investments in stocks, bonds, and real estate. of institutions as well as on individual agents that are related to aging and retirement. Pension funds and insurance companies aim to offer (investment) products that are attractive to participants or potential clients, select investment portfolios and manage investment risks

16 The Netspar network to Netspar, a network for research and education in the field of pensions, aging, and retirement. Netspar aims to address the social and economic challenges of an aging population. Its fundamental goal is to stimulate social innovation. This independent network of academics and practitioners in the field is supported by universities and private and public institutions. Career Prospects Upon request, the Admissions Board may grant the Many students do an internship at one of the partner institutions. As a graduate, you will have a broad scientific knowledge opportunity to rectify deficiencies during the MSc of modern economics and finance, focused on the programme. You must be able to function both specific fields of aging, pensions and retirement. independently and as part of a team of professionals in The programme prepares you for a professional career the field and must therefore have good communication in the Netherlands or abroad at an insurance company, skills. In addition, you must be motivated and interested pension fund, or private or public organisation working in the practical problems studied by Netspar. If you have on pensions, aging, retirement, health economics, etc. a relevant university degree of another university, the After graduation you can find positions in the fields of Admission Board will assess your application. For more strategy, policy, consultancy, investments, research, asset information see chapter Application and Admission. Pension funds and asset liability companies Public sector liability management, control and treasury. All partners of Netspar have clearly indicated that they have a need Insurance companies and banks for graduates of this Master s programme. A PhD Waivers for non-eea students track and further orientation on a research career is For the academic year 2009/2010, the Faculty of another possibility. Economics and Business Administration has a Universities maximum of 10 partial tuition waivers (reduction) Admission Requirements available. These waivers are only available to students A Bachelor s degree in Economics, Econometrics, from outside the EEA enrolled in the Master s Actuarial Sciences, or Business Administration suffices programme in Economics and Finance of Aging. for entry to the programme. If you have a different The tuition fee will be reduced to the non-eea degree the possibility to enter the programme will be Bachelor s fee (waiver of approximately 3500,-). judged on an individual basis. More precisely, the courses in the MSc programme Economics and Finance of Aging build on a solid academic background at the Bachelor s level in the fields of: Macroeconomics Microeconomics Other organisations Statistics and Econometrics Financial Economics Mathematics 30 31

17 Prof.Dr. Lans Bovenberg Academic Director of Netspar, Winner Spinoza prize (the Dutch Nobel prize ) in He is one of the most-cited Dutch economists in the national and international literature. Insurers and pension funds urgently need young talent One of my research interests, and subject of this programme, is risk sharing in the society. For young people absorbing risk is less difficult than for old people. With the increasing number of old people, risk sharing is becoming more expensive and challenging. Taking risks is good for economic growth and innovation, as well as entrepreneurship, but how to allocate the risk more efficiently through pension systems, that is a difficult question. In order to deal with the aging problem, we have to find the people who can best bear the risk. Another issue of this Master s programme, is the differences in life courses between young people and previous generations. More women work, people obtain better education, longevity is more common, etc. This creates many new issues. Additionally, the government s social security expenses are cut in several western countries, as people take more responsibility for their own future. The government, pension funds and insurance companies are trying to find solutions for these issues. They have an urgent need for new knowledge and thus for young talent that can utilise this knowledge. Through internships our students are offered a funds, insurers and government agencies. By combining working and learning you use different perspectives like finance, economics and econometrics, to analyse a single problem. At first glance, aging and pensions may sound less relevant to young people. However, these issues become more and more central to the future of societies worldwide. If you would like to achieve your full potential, if you have a keen interest in global issues, if you are able to combine various perspectives and instruments, then this Master s programme may be the one for you! Fiscale Economie direct link to their future employers, such as pension 32 33

18 Fiscale Economie Case In het kort Kenmerken Group relief voor Marks en Spencer? Naam Fiscale Economie De master Fiscale Economie wordt verzorgd vanuit het Wanneer je in Londen bent, zul je ongetwijfeld een Croho* Fiscaal Instituut Tilburg, waarin onderwijs en onderzoek winkel van Marks en Spencer zien. Marks en Spencer is Duur 1-jarige master van de economische faculteit en de rechtenfaculteit zijn een groot internationaal kledingconcern. Het gaat om Type Voltijd verenigd. Hoewel de opleiding Fiscale Economie economisch een Engelse moedermaatschappij met dochtermaat- Titel Master of Science getint is, ontkomt de fiscaal econoom er niet aan schappijen in Frankrijk, België en Duitsland. Deze Onderwijsvorm Colleges ook goed op de hoogte te zijn van de juridische aspecten dochters leden alle drie verliezen. Marks and Spencer Taal Nederlands die samenhangen met belastingheffing. Daarom wordt in wilde deze verliezen via het Engelse group relief (een Tentamens Schriftelijke tentamens, opdrachten, scriptie de master ook ruim aandacht besteed aan die juridische aspecten. De master Fiscale Economie is een generalistische vorm van verliesverrekening in concernverhoudingen) bij de moeder laten vallen. De Engelse Corporate Tax Best voorbereidende Bachelor Fiscale Economie opleiding waarbinnen je, door middel van keuzevakken, je kunt specialiseren. Een aantal vakken in de master, staat echter alleen verliesverrekening toe bij binnenlandse lichamen. De dochters konden het verlies alleen maar aan Carrière mogelijkheden Belastingdienst, belastingadvieskantoor, bedrijfsleven zoals Belastingheffing Particulieren, Belastingheffing Ondernemingen en Internationaal en Europees de moeder overdragen als ze zelf in Engeland gevestigd waren. Waren de vennootschappen in het buitenland een Kernvakken Belastingheffing particulieren B, Europees- en Internationaal belastingrecht B, Methodologie van het belastingrecht en Belastingheffing ondernemingen B Belastingrecht, bouwt voort op gelijknamige vakken in de bachelor. Zij brengen een verdere verbreding, verdieping en academische oriëntering in de kennis die je al hebt opgedaan. Door je scriptieonderwerp te laten aansluiten op je keuzevakken is het mogelijk je te specialiseren, vaste inrichting geweest, dan zou het verlies wel bij de moeder terechtgekomen zijn. Op 13 december 2005 besliste het Hof van Justitie dat de Britse regeling in beginsel een beperking van de vrijheid van vestiging is. Het verschil tussen binnenlandse en buitenlandse Start September en februari bijvoorbeeld in de richting van de directe of indirecte vennootschappen kan echter worden gerechtvaardigd, Voorlichtingsdag 27 november 2008 en 16 mei 2009 belastingen of het internationale belastingrecht. omdat het bij de Britse regeling gaat om een evenwichtige verdeling van de heffingsbevoegdheid tussen Meer informatie de verschillende lidstaten alsmede het vermijden van het risico van dubbele verliesverrekening en van * Registratiecode voor de IB-Groep. belastingontwijking. Daar staat wel tegenover dat Hoewel de uitspraak enkele jaren geleden en al is gewezen, en, is er nog geen nieuwe wetgeving op Europees es niveau gekomen. Met wetgeving kun je veel meer regelen dan een rechter kan doen. De rechter krijgt immers een specifiek geval voorgelegd en in internationaal tion aal verband spelen veel meer zaken rondom verliesverrekening. verrekening. Wel wordt er op Europees niveau gesproken en over hoe verliezen voor multinationals zouden moeten worden verrekend. In de opleiding gaan we uitgebreid in op de grensoverschrijdende verliesverrekening. Vanzelfsprekend zijn er veel meer topics te bedenken dan deze van Marks en Spencer. In de opleiding proberen we zoveel mogelijk praktijkcases s te behandelen, zodat je in je latere beroep een goede basis aan kennis hebt. een volledige uitsluiting van verliezen van in andere lidstaten gevestigde dochtermaatschappijen niet proportioneel is voorzover zij tevens de verliezen omvat die in deze lidstaten (in de toekomst en al dan niet via derden) niet kunnen worden verrekend

19 Is dit de juiste master voor mij? De complexiteit, diversiteit en de continue veranderingen in dit vakgebied zijn voor jou een uitdaging. Je hebt een groot analytisch denkvermogen en een grondige kennis van het bestaande fiscaal recht. Je koppelt dit aan een kritische instelling ten opzichte van (wetenschappelijke) informatie en je bent bereid na te denken over alternatieve mogelijkheden. Je bent dus ook flexibel en creatief in het bedenken van oplossingen. Je vindt het leuk om in een feitencomplex, voorgelegd door cliënten, de wetenschappelijke kern van het probleem te vinden en een oplossing te creëren. Programma onder voorbehoud. Meer gedetailleerde informatie over het programma en de vakken vind je in de elektronische studiegids op: Programma Het programma bestaat uit 60 studiepunten (ECTS), gelijk aan 1680 studie-uren, die over twee semesters zijn verdeeld. Het eerste semester start in september met tentamens in december en januari. Het tweede semester loopt van februari tot juni. ECTS Europees- en Internationaal belastingrecht B 9 Methodologie van het belastingrecht 6 Belastingheffing ondernemingen B 12 Belastingheffing particulieren B 6 Fiscale keuzevakken 12 Master thesis 15 Fiscale keuzevakken - Capita selecta Europees en internationaal belastingrecht - Capita selecta loonbelasting en sociale verzekeringen - Capita selecta omzetbelasting - Fiscale aspecten van bedrijfsopvolging en -concentraties - Fiscale en civielrechtelijke aspecten van toekomstvoorzieningen - Fiscale aspecten van vererving - Fiscaal strafrecht I - Geschiedenis van het belastingrecht - Oefenrechtbank - Persoonlijke financiële planning voor fiscale economie Belastingheffing particulieren B De Wet IB 2001 staat centraal in deze cursus. De cursus stelt je in staat zelfstandig gecompliceerde vraagstukken te kunnen oplossen met betrekking tot Eigenwoningregeling, Pensioenen in de loonsfeer, Aanmerkelijk belang en emigratie, immigratie en fusie, Lijfrenten, Rangorderegeling, Terbeschikkingstellingsregeling, Echtscheiding, Overlijden en Vermogenswinstbelasting. Europees- en Internationaal belastingrecht B In dit vak komt een aantal capita selecta op het gebied van het internationaal belastingrecht en het Europees belastingrecht aan de orde, waarbij een grondige kennis van de belastingheffing van onderneming en particulieren in nationaal verband een vereiste is. Een buitenlandse gastdocent zal één of meer gastcolleges verzorgen over het Europees en/of Internationaal Belastingrecht. Methodologie van het belastingrecht Dit vak geeft je zicht op het belastingrecht als een geheel van wettelijke regels en rechtsbeginselen. Je leert een kritisch juridisch en moreel oordeel over wetgeving en rechterlijke uitspraken te geven. Daarnaast leer je een eigen kritisch oordeel te verwoorden en te beargumenteren. Belastingheffing ondernemingen B In deze cursus worden de fiscale regels behandeld die voor ondernemingen zijn opgenomen in de Wet op de vennootschapsbelasting 1969 en leerstukken voor ondernemers Prof.mr. Eric Kemmeren Hoogleraar Internationaal Belastingrecht, wetenschappelijk adviseur Ernst & Young, mede organisator EUCOTAX Network (o.a. Winter Course) en European Tax College Internationale oriëntatie De master Fiscale Economie biedt niet alleen een nationale opleiding aan, maar ook de mogelijkheid om je internationaal te oriënteren. Via het EUCOTAX netwerk is er de mogelijkheid een half jaar in het buitenland te studeren, zonder studievertraging op te lopen, en daar een deel van de masterthesis te schrijven. Daarnaast zijn er ook nog de EUCOTAX Winter Course, de ETC European & International Tax Moot Court Competition en het Gentproject waarmee je de mogelijkheid krijgt om je internationaal te oriënteren en uit de Wet op de inkomstenbelasting af te studeren. Daarna kun je je verder specialiseren tot 36 internationaal fiscalist aan het European Tax College. 37

20 Madelon de Jong Student MSc Fiscale Economie Er valt altijd iets te discussiëren De stage heeft me echt enthousiast gemaakt om aan Accentprogramma indirecte belastingen Carrièremogelijkheden mijn master te beginnen. Naast mijn studie ben ik Het is ook mogelijk het accentprogramma indirecte Een afgeronde master Fiscale Economie biedt onder Ik heb de master Fiscale Economie gekozen, omdat een actief lid van de MAK (mentoraat van de econo- belastingen te volgen. Het accent biedt een verdieping meer toegang tot functies op academisch niveau bij deze perfect aansluit bij de bachelor Fiscale Economie mische faculteit), waar ik in een aantal verschillende op het gebied van de omzetbelasting en ziet daarnaast de belastingdienst, belastingadvieskantoren, de en ik mijn opleiding graag in deze richting wil afmaken. commissies zit. Daarnaast heb ik een baantje op het op douanerechten. Je volgt het Tilburgse verplichte fiscale rechterlijke macht, het bedrijfsleven, vakbonden en Vooral de combinatie van economie, recht en fiscaliteit secretariaat van studievoorlichting. Ik verveel me keuzevak Capita selecta omzetbelasting. Daarnaast volg de financiële sector. Daarnaast heb je toegang tot de vind ik interessant. De vakken zijn best pittig en dus geen moment! je in het masterjaar twee vakken op het gebied van de beroepsopleiding van belastingadviseur van de Neder- dagen je uit verder te denken dan je in eerste instantie indirecte belastingen aan de Universiteit Maastricht landse Organisatie van Belastingadviseurs (NOB). zou doen. Je bekijkt belastingen vanuit verschillende (European Value Added Tax) en aan de Vrije Universiteit Na afloop van deze master bestaat bovendien de oogpunten en je leert om kritisch naar bestaande en in Amsterdam (Indirecte belastingen en internationale mogelijkheid de Advanced Master in International gevestigde wetgeving te kijken. Het vakgebied is handel). De drie genoemde vakken komen in plaats van and European Taxation te volgen van het European gelukkig altijd in beweging, dus er valt altijd wel iets te de twee keuzevakken en het vak Belastingheffing particu- Tax College te Leuven/Tilburg. discussieren. Bovendien komt het mij heel goed uit dat deze master twee instroommomenten per jaar kent. lieren B. Als onderdeel van het accentprogramma schrijf je ook je scriptie over een onderwerp op het gebied van Toelatingseisen Wat baanzekerheid betreft, verkeren fiscalisten in de indirecte belastingen. Een universitaire bachelor Fiscale Economie biedt toelating een luxe positie. We worden bij wijze van spreken tot de master Fiscale Economie. Voor studenten met een met een lease-auto van de universiteit geplukt. hbo bachelordiploma HEAO-FE, HEAO-BE of HEAO-BL Zelf verwacht ik niet bij een van de grote vier is er een speciale premaster. Als je een relevant diploma fiscalistenkantoren terecht te komen, maar eerder hebt van een andere universiteit of hbo, zal de toela- op de financiele afdeling van een wat groter, liefst tingscommissie jouw aanmelding beoordelen. internationaal opererend, bedrijf. Vorig jaar heb ik Voor meer informatie zie het hoofdstuk aan het einde van mijn bachelor stage gelopen bij Application and Admission. KPMG Meijburg & Co, waar de focus lag op internationale belastingheffing op personen. Het viel me op dat de praktijk heel anders is dan studeren, maar het voordeel is dat je echt gebruik kunt maken van de opgedane kennis