Premaster EMAS

A new generation of actuaries

Our premaster programme (PrEMAS) is your ticket to the EMAS and excellent career prospects. To know which requirements you need to meet for admission to the master’s programme EMAS, please contact the programme coordinator for a personal advice based on your previous education. This study advice is free of charge and without any obligations.

 

You need to have a (quantitative) bachelor’s degree to be admitted in our premaster programme. Your personal programme will be composed of one or more modules of the following six subjects and in some cases students can enter the EMAS directly:

 

  1. Mathematical methods for actuaries
  2. Quantitative & Corporate Finance
  3. Probability theory and statistics for actuaries
  4. Econometrics and Academic Skills
  5. Actuarial Science
  6. Macro- & Microeconomics

 

Lectures in the study year 2021-2022 take place on Mondays (afternoon & evening), except for PrEMAS 4 (Tuesday evening) and start on Monday 30 August (PrEMAS 6) and Tuesday 31 August for PrEMAS 1. The remaining lectures of PrEMAS 1 are on Mondays.

 

More information

 

or contact our programme coordinator Leandra Pennartz (030-6866190). 

 

Covid-19 policy: more information (in Dutch)

 

PrEMAS 6 - Macro- and Micro-Economics

 

Description and learning objectives

The aim is of this module to introduce students to the core principles of microeconomics, macroeconomics and the basics of financial systems, as outlined below.

 

PrEMAS 6 - Macro- and MicroEconomics

 

Description and learning objectives

The aim is of this module to introduce students to the core principles of MicroEconomics, MacroEconomics and the basics of Financial Systems, as outlined below.

 

Module description

1. MICROECONOMICS

  • Explain the concept of utility and how rational utility maximizing agencies make consumption choices.

  • Explain the elasticity of supply and demand and the effects on a market of the different levels of elasticity.

  • Explain the interaction between supply and demand and the way in which equilibrium market prices are achieved.

  • Explain various pricing strategies that can be used by firms.

  • Explain the core economic concepts involved in choices made by businesses with respect to short-run and long-run investment and production choices.

  • Explain competitive markets and how they operate.

  • Explain profitability in markets with imperfect competition.

 

2. MACROECONOMICS

  • Explain basic macroeconomic measures (e.g. GDP) used to compare the economies of countries.

  • Describe the structure of public finances for an industrialized country.

  • Explain the effect of fiscal and monetary policy on the economy, including the effect on financial markets.

  • Explain the role of international trade, exchange rates and the balance of payments in the economy.

  • Explain the effect of savings and consumption rates on the economy.

  • Explain the major factors affecting the level of interest rates, the rate of inflation, the exchange rate, the level of employment, and the rate of growth for an industrialized country.

  • Describe the function of money in the economy.

  • Explain how interest rates are determined.

  • Explain the relationship between money and interest rates.

  • Explain how macroeconomic policies affect businesses.

 

3. FINANCIAL SYSTEMS

  • Describe the role and structure of (inter)national financial systems (markets, organizations and nations).

  • Describe the influence of institutions in financial systems (governments, central banks, investment exchanges, financial bodies, regulators)

  • Describe the roles of the participants in financial systems (investment banks, retail banks, investment management companies, pension funds, insurance and re-insurance companies, non-financial corporations, sovereign funds, micro-finance providers, unregulated organizations)

  • Explain factors affecting development and stability of financial systems (demographic changes, economic development, technological changes and climate change)

 

Prerequisites

General entry requirements for the PrEMAS and understanding of mathematics (esp. algebra and calculus) at least at university entry level.

 

Literature

 

• Slides sets presented during the lectures, which are partly based on N. Gregory Mankiw, Essentials of Economics, 7th Edition (2015).  Note the (e)book is not mandatory, the slides suffice.

• Hand-outs provided during the lectures

 

Exam

The examination will involve written answers to open questions. The candidate completes the module with a minimal score of 5.5 out of 10.

 

Important to know

  • Lectures start on Monday 30 August 2021 from 18.00-21.00. The schedule will be published in the group page..
  • Exam dates: exam on 13 December 2021, resit on 23 May 2022. These dates are preliminary.
  • The costs for this module are €3325.

PrEMAS 6 - Macro- and Micro-Economics

Kosten module inclusief examen€ 3325
Kosten herexamen€ 200
Alle kosten zijn inclusief modulekosten, weblectures en toegang tot de digitale leeromgeving en het examen. De kosten zijn exclusief het aan te schaffen lesmateriaal, zie hiervoor het tabblad lesstof.

Voor een examen of herexamen dient u zich apart in te schrijven.

Deze prijzen gelden voor het studiejaar 2021-2022 en zijn onder voorbehoud van wijzigingen.

Op deze kosten zijn de Algemene Voorwaarden van het Actuarieel Instituut van toepassing.

Literature

 

• Hand-outs provided during the lectures

Lesrooster
Geen rooster beschikbaar.
Examenrooster
titellocatiedatum
Examen PrEMAS 6 Macro- and MicroeconomicsJohan de Witt huis (Utrecht)13-12-2021
HERExamen PrEMAS 6 Macro- and MicroeconomicsJohan de Witt huis (Utrecht)23-05-2022