Teaching and Examination Regulations (OER) 2020-2021
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Master’s degree programmes
Teaching and
Examination
Regulations (OER)
2020-2021
Accountancy and Control | Actuarial Science and
Mathematical Finance | Business Administration |
Business Economics | Econometrics | Economics |
Finance | Fiscal Economics
student.uva.nl/eco | coursecatalogue.uva.nl
1Table of contents
Section A: Faculty section 6 B3: Master’s Programme in Business Administration
1. General provisions 6 1. General provisions 34
2. Previous education and admission 7 2. Programme content 34
3. Assessment and Examination 10 3. Admission criteria 37
4. Study supervision and study progress 14 4. Curriculum structure 38
5. Hardship clause 15 5. Transitional arrangements 45
6. Effective date 15 6. Effective date 45
Section B: Programme-specific section 16 B4: Master’s Programme in Business Economics
1. General provisions 46
B1: Master’s Programme in Accountancy and Control 2. Programme content 46
3. Admission criteria 48
1. General provisions 16
4. Curriculum structure 49
2. Programme content 16
5. Transitional arrangements 53
3. Admission criteria 18
6. Effective date 53
4. Curriculum structure 19
5. Transitional arrangements 22
6. Effective date 25 B5: Master’s Programme in Econometrics
1. General provisions 54
B2: Master’s Programme in Actuarial Science and Mathematical Finance 2. Programme content 54
3. Admission criteria 55
1. General provisions 26
4. Curriculum structure 56
2. Programme content 26
5. Transitional arrangements 61
3. Admission criteria 28
6. Effective date 61
4. Curriculum structure 28
5. Transitional arrangements 32
6. Effective date 33
2 Table of contents 3B6: Master’s Programme in Economics
These Teaching and Examination Regulations are based on the model-OER dated 3 July
1. General provisions 62 2018 and the addendum to the model-OER arising from the Covid-19 situation. The
2. Programme content 62 greatest possible care has been taken on the content of these Teaching and Examination
3. Admission criteria 63 Regulations. However, interim changes may be made as a result of changes in the law,
4. Curriculum structure 64 changes in UvA regulations or government regulations related to Covid-19 measures, for
5. Transitional arrangements 70 instance. Where this is the case, this will be made known through suitable channels as
6. Effective date 70 quickly as possible.
In situations of force majeur related to Covid-19 where it is not reasonably possible to
B7: Master’s Programme in Finance provide teaching and examinations in the form stated in this OER – in conjunction with
the Course Catalogue/module guide – there may be a temporary switch to an alternative
1. General provisions 71 form of teaching, examination and inspection, under the condition that the predetermined
2. Programme content 71 learning objectives continue to apply in full after such changes. These changes are
3. Admission criteria 73 to be assessed by the Examinations Board and where appropriate, the rights of the
4. Curriculum structure 74 representative advisory bodies must be respected.
5. Transitional arrangements 81
6. Effective date 82 Disclaimer: This translation is provided for information purposes only. In the event of a
difference of interpretation, the original Dutch version of this document is binding.
B8: Master’s Programme in Fiscal Economics
1. General provisions 83
2. Programme content 83
3. Admission criteria 84
4. Curriculum structure 85
5. Transitional arrangements 87
6. Effective date 87
Appendix I 88
Appendix II 89
4 Table of contents 5Section A: Faculty section i. academic year the period beginning on 1 September and ending on 31 August of the
following calendar year
j. study programme the totality and cohesion of the course components, teaching activities/
methods, contact hours, testing and examination methods and
1. General provisions recommended literature
k. examination an assessment of the student’s knowledge, understanding and skills
Article 1.1 Applicability of the Regulations (tentamen) relating to a course component. An examination may consist of one or
1. These regulations apply to the teaching and examinations for the Master’s degree programmes more partial examinations and a final examination
(hereinafter also referred to as: the degree programme) offered by the UvA Economics and l. Admissions Board the committee that assesses on behalf of the dean whether a candidate
Business (hereinafter also referred to as: ‘EB’). meets the requirements to be admitted to the master’s programme of
2. These Regulations consist of a Faculty section (A) and a Programme-specific section (B). his choice
Together, Sections A and B form the Teaching and Examination Regulations for the programme. m. University (UvA) the University of Amsterdam
3. These Regulations apply to anyone enrolled in the programme, irrespective of the academic n. WHW the Dutch Higher Education and Research Act, (Wet op het hoger
year in which the student was first enrolled in the programme. onderwijs en wetenschappelijk onderzoek).
4. Section B of these Teaching and Examination Regulations may contain additional general The other terms have the meanings ascribed to them by the WHW.
provisions for the relevant degree programme.
Article 1.2 Definitions 2. Previous education and admission
The following definitions are used in these regulations:
a. partial examination examination that assesses part of the learning objectives of a Article 2.1 Previous education
component 1. In order to qualify for enrolment in a Master’s degree programme, a Bachelor’s degree obtained
b. final examination final examination of a component in academic higher education (WO) is required. The requirements that the Bachelor’s degree
c. EC (European Credit) a credit with a workload of 28 hours of study must meet are specified in Section B.
d. joint degree a degree awarded by an institution together with one or more 2. In the event that a candidate does not have a Bachelor’s degree as referred to in paragraph 1,
institutions in the Netherlands or abroad, after the student has the Admissions Board of the degree programme will assess suitability for admission to the
completed a study programme (a degree programme, a major or programme on the basis of the requirements stipulated in Section B.
a specific curriculum within a degree programme) for which the
collaborating institutions are jointly responsible and for which a single
joint degree certificate is issued
e. oral examination proof of knowledge, reasoning and skills of the student through oral
examination
f. component a unit of study of the programme within the meaning of the WHW,
such as a course and an internship
g. SIS the Student Information System
h. course catalogue the guide for the degree programme that provides further details of
the provisions and other information specific to that programme. The
course catalogue is available electronically at coursecatalogue.uva.nl
6 Section A: Faculty section 7Article 2.2 English language requirement Article 2.4 Admissions procedure
1. Applicants to an English language EB Master’s programme must demonstrate sufficient 1. The Dean will establish one or more Admissions Boards. The Dean will appoint its members
command of the English language by means of one of the following: after consultation with the programme directors of the relevant degree programmes. The
• possess a Bachelor’s diploma from a Dutch research university (wo) or Dutch university of Admissions Board is responsible for admission to the programme.
applied sciences (hbo) 2. With a view to admitting students to the programme, the Admissions Board assesses the
• possess a Bachelor’s diploma from a university located and accredited in Australia, Canada candidate’s knowledge, understanding and skills. The Board may request experts within or
(with the exception of Quebec), Ireland, Malta, New Zealand, South Africa, United outside the University to test certain types of knowledge, understanding and skills, in order
Kingdom or United States of America to supplement written evidence of the programme/programmes the student has already
• submit an Official Score Report of one of the following English proficiency tests with a test completed. In its assessment, the Board includes knowledge of the language in which the
date not more than 2 years before the start of the programme and with the respective programme will be taught.
minimum scores: 3. Candidates receive either confirmation of admission or a negative decision. An appeal against a
- TOEFL-IBT negative decision can be lodged with the Examination Appeals Board within six weeks.
> Overall Score: 92 Points
> Reading, Listening, Speaking, Writing: 22 points each Article 2.5 Refusal or termination of enrolment (unsuitability/iudicium abeundi)
- IELTS (Academic version) 1. Based on the provisions of Section 7.42a of the WHW, the Dean or the Examinations Board
> Overall Score: 6.5 Points may, in exceptional cases, ask the Executive Board to terminate or refuse a student’s enrolment
> Reading, Listening, Speaking, Writing: 6.0 points each in a programme, if that student’s actions or remarks show that he or she is unsuitable either for
- Cambridge English: practising one or more of the professions for which the programme in question is preparing the
170 points overall and in each sub-category on either a: student or for the practical preparation for professional practice.
> Cambridge Certificate in Advanced English (CAE) or 2. If a student is suspected of being unsuitable as described in paragraph 1, the Examinations
> Cambridge Certificate of Proficiency in English (CPE). Board or the Dean will institute an inquiry, of which the student will be informed immediately.
The Examinations Board or the Dean will not issue any recommendation without carefully
Article 2.3 Registration and enrolment considering the interests involved and giving the student the opportunity to be heard.
1. An application for admission to the study programme must be submitted to the EB Admission
Office by the following dates before the start of the academic year:
• 1 April for students with a non-Dutch diploma
• 1 June for students with a Dutch diploma.
2. Students are required to enrol via the online application system Embark. The application is
completed when all required documents are submitted via the online application system before
the deadline.
3. After registering on time, the student must enrol before 1 September or, if applicable, before 1
February.
8 Section A: Faculty section 93. Assessment and Examination Article 3.2 Type of examination
1. The course catalogue stipulates the way in which a unit of study is concluded and the form any
Article 3.1 Signing up for units and examinations examination will take.
1. Students must be signed up in advance for each unit of study. 2. At least 60% of the examinations for a course should be based on individual assessments
unless otherwise specified in part B.
3. For partial examinations, a minimum score may be set for completing the course successfully.
Students may only sign up for participation in a unit of study in The mark of the final examination for every course must always be at least 5.0 or 5.5) before
the periods designated for that purpose, published at the scores have been rounded off (see the course catalogue for the minimum scores for each
student.uva.nl/eco/az > Course registration course). If a course only consists of centrally organised exams, the minimum of 5.0 for the final
examination applies without a maximum of 5.5.
4. A bonus may not exceed 0.5 points and will only be awarded if the final mark without bonus is
2. Students who have signed up for a unit of study are also signed up for the examinations for at least 5.5 or higher.
that unit, including any partial examinations and resits. 5. For any course with written examinations, students are entitled to receive representative
3. Students may sign up for a maximum of 42 ECs per semester and per Master’s programme. examination examples including answers. The examples must be representative in terms of
This maximum applies to courses offered by EB. Students who wish to register for more ECs, length, type of questions and content and must be posted on Canvas at least one week before
may, provided they have studied nominally in the past three periods at the time of the regular the examination.
course registration, contact the student advisors to request exemption from this limit.
4. Participation in courses and exams is only possible if the student fulfils the entry requirements Article 3.3 Oral examinations
of the course. This requirement will be checked no later than the third or fourth week of 1. An oral examination will be taken in the presence of a second examiner.
lectures, when the marks of the required courses are registered. Part B of this document 2. The examiners make a video recording of the oral examination in which the questions are
sets out the entry requirements. In the Course Catalogue is mentioned if the course can be briefly summarised.
followed by students without a registration for the programme 3. An oral examination is public unless the Examinations Board or examiner determines otherwise
5. Some courses only allow students to participate if they attend the lectures/tutorials of that in an exceptional case.
course.
6. Students that participate in a study trip that is approved by the Graduate School director, have Article 3.4 Opportunities to sit examinations
the right to alternative options to obtain a sufficient grade for their mandatory attendance 1. An opportunity will be offered to sit final examinations for courses within a degree programme
while being on the approved study trip. twice in each academic year. A separate resit is not provided for partial examinations.
7. Students who are enrolled in a Master’s degree programme may not take part in Bachelor’s 2. In the case of a resit, the results obtained from these partial examinations will be disregarded
degree programmes. Students who have not fully completed their Bachelor’s programme but and the full course material will be tested.
who have been conditionally admitted to the Master’s programme as described in Article 2.1 3. Students may not retake an internship or resubmit a thesis if they have already been awarded a
paragraph 3, may register for EB Bachelor’s courses that are part of the Bachelor’s programme pass mark for this.
they have yet to complete. 4. In the event of a resit or second examination for the same course, the most recent mark will
apply.
5. The resit for an examination must not take place within ten working days of the announcement
of the result of the original examination.
10 Section A: Faculty section 116. Bachelor’s and Master’s students of EB may take an extra resit in August provided the following 4. Together with the result of an examination, students’ attention will also be drawn to their right
conditions are met: to inspect the assessed work and have a post-examination discussion.
• the course is offered by EB 5. A student may lodge an appeal against the way in which the result was reached with the
• the student has successfully completed all other courses of the programme Examination Appeals Board within six weeks of the announcement of the result.
• the thesis must be completed no later than the first opportunity of academic year
2020-2021 Article 3.7 Right of inspection and post-examination discussion
• the student has used both exam opportunities in the current academic year 1. Within twenty-five working days after the date upon which a written examination was
• a mark of at least 5.0 has been obtained for one of the abovementioned examinations. held, the student may, on request, inspect his or her assessed work and the questions and
assignments set, as well as the standards applied for marking.
Article 3.5 Marks 2. An opportunity will be offered to receive interim (collective) feedback on partial examinations
1. Final marks are given on a scale from 1 to 10. Only whole or half marks (.0 or .5), with the at least one week before the final examination for the course in question is held.
exception of the mark 5.5, may be awarded. Marks from (and including) 4.75 to (excluding) 3. The place and time referred to in the previous sentence will be announced at the time of the
5.5 will be rounded up to 5. Marks from (and including) 5.5 to (and excluding) 6.25 will be examination or on the course’s Canvas page. There must be at least five working days between
rounded up to 6. this announcement and the time of the inspection.
2. The final assessment of a course is considered to be a pass if a mark of 6.0 or higher is 4. If the student was unable to attend at the place and time referred to in paragraph 2 due to
obtained. personal circumstances, as mentioned in the Rules and Guidelines of the Examinations Board
3. Marks of partial examinations and final exams will not be rounded off. article 8.2, an alternative option will be offered.
4. If the mark for the final assessment is lower than 5.0, the final mark will be the weighted
average with a maximum of 5.0. For a number of courses, the minimum mark for the final Article 3.8 Exemption
assessment is higher than 5.0. This is indicated in the description of assessment in the course 1. At the written request of the student, the Examinations Board may exempt the student from
description for the course in question. taking one or more examination components, if the student has passed a course component
5. Should the degree classification or judicium for a particular course not be expressed as a mark, of a university Master’s degree programme that is equivalent in both content and level. This
then the result will be ‘all requirements met’ (AVV) or ‘unsatisfactory’ (NAV). exemption does not apply to the Master’s thesis.
6. Students who do not attend an examination for which they are signed up will receive the result 2. The maximum extent of the exemptions from meeting the requirements of the Master’s final
NA: ‘niet aanwezig’ (‘non-attendance’). examination is stated in Article 4.5 of Section B.
3. This possibility for an exemption does not apply to compulsory courses of the curriculum, when
Article 3.6 Determining and announcing results the replacing course is passed during the regular registration at EB.
1. The examiner determines the result (=mark) of a written examination or thesis as soon as
possible, but at the latest within fifteen working days. The examiner submits the final marks Article 3.9 Validity period for results
to the relevant Programme Administration and the Programme Administration will then 1. Passed Master’s courses have a guaranteed validity period of three years. The Examinations
immediately ensure that the results are registered within three working days following the Board will extend the validity period of passed courses as long as the courses are still part of the
submission of the marks by the examiner. curriculum and their substance has not changed.
2. Centrally organised partial examinations are subject to a marking period of ten working days. 2. Contrary to the provisions of paragraph 1, the validity period of a partial examination is limited
The results will be uploaded on Canvas, whereby each student will only be identified by their to the date of the first final examination that is offered for the course. If a partial examination is
student number. a practical exercise, the validity period may be limited to the resit that is offered for the course,
3. The examiner determines the result (= mark) of an oral examination as soon as the examination as long as the student still has a reasonable chance of successfully completing the course.
has finished, and informs the student accordingly.
12 Section A: Faculty section 13Article 3.10 Master’s final examination Article 4.2 Adaptations for students with a disability
1. The Examinations Board determines the results and date of the final examination after it has 1. A student with a disability may qualify for special adaptations with regard to teaching, practical
established that the student has passed all the units of study belonging to the programme. training and examinations if the student has a statement of the student counsellor. This
2. A degree certificate can only be awarded after the Executive Board has declared that the student reference must in part be based on a recent statement from a physician or psychologist.
has satisfied all the procedural requirements, including the payment of tuition fees. 2. The Dean decides on the adaptations concerning the organisation and logistics of teaching.
3. Students who have successfully completed their Master’s examination will be awarded a Master The Examinations Board will rule on requests for adaptations with regard to examinations.
of Science degree. The degree awarded is stated on the diploma. 3. If the disability justifies an extension to the time in which the examination may be sat, the
4. The Examinations Board may award a degree classification (judicium). If the student has shown student counsellor will issue a statement testifying to this entitlement to an extension. If a
exceptional competence, the Examinations Board may decide to add the qualification cum laude disability justifies other measures being taken, the student counsellor can provide a statement
to his or her degree certificate. on the necessary measures.
5. The Examinations Board grants a degree certificate as proof that the student has passed his
or her final examination. The Examinations Board adds a supplement to the degree certificate
providing information on the nature and content of the degree programme completed. 5. Hardship clause
6. Individuals who have successfully completed at least one component of the programme and
who cannot be awarded a degree certificate, on request, receive a statement to be issued by In instances not regulated by the Teaching and Examination Regulations or in the event of
the relevant Examinations Board stating at least the examinations that have been successfully significant unfairness or unreasonableness, the Dean responsible for the degree programme will
completed together with the units of study they involved, the number of EC obtained and the decide, unless the matter concerned is the responsibility of the Examinations Board.
way in which the examinations were taken.
Article 3.11 Transitional arrangement 6. Effective date
A transitional arrangement shall be made by the Examinations Board for students who have
successfully completed one or more courses, but not yet the final examinations on the date that this This regulation comes into force as of 1 September 2020
Teaching and Examination Regulation comes into force, and whose interests may be damaged by this.
Advice and consent from the Programme Committees,
Article 3.12 Fraud and plagiarism
Electronic detection programs can be used to identify plagiarism in texts. Upon handing in the text, • Economics and Business Economics & Fiscal Economics (OC-EBE&FE), date: 11 March 2020
the student gives implicit permission for the inclusion of the text in the database of the relevant • Business Administration (OC-BA), date: 10 June 2020
detection program. • Actuarial Science and Econometrics (OC-AE), date: 8 June 2020
• Advice of the Works Council (OR), date: 11 June 2020
• Advice of and approved by the Faculty Student Council (FSR), date: 18 September 2020
4. Study supervision and study progress
Adopted by the Dean of the Faculty of Economics and Business on: 18 September 2020.
Article 4.1 Administration of study progress and academic student counselling
1. The Dean of the Faculty is responsible for the correct registration of the students’ study results in SIS.
2. Student counselling (e.g. lectures, thesis supervision and practical exercises) takes place within
the study units and is described in the Course Catalogue. Students can also contact the study
advisors (see: student.uva.nl/eco/az > Study Advisers).
14 Section A: Faculty section 15Section B: P rogramme-specific section literature. Detailed knowledge at a high academic level is combined with practical examples and
applications. Thus, students learn both how to generate information (e.g., calculating performance
measures following under different accounting standards), and why organisations choose a specific
way of generating this information.
B1: Master’s Programme in Accountancy and Control
The programme offers two tracks: an accountancy track and a control track. Students are required
to select one of these tracks and must pass all of its courses. Students are also allowed to follow
1. General provisions both tracks. Both tracks will be mentioned on the degree if the student passed all courses for both
tracks.
Article 1.1 Programme characteristics 1. The accountancy track deepens and expands graduates’ knowledge of how technology and
1. a. T he Master Accountancy and Control CROHO number 60900 is offered full-time and part- international regulations shape financial information, and their understanding of the role of
time in English. accounting from the perspective of auditors, managers, and investors.
b.The part-time programme has a nominal study period of 1,5 years. 2. The control track deepens and expands graduates’ knowledge of how organisations translate
2. The programme has a workload of 60 EC. their strategy into financial plans and investment decisions, and their understanding of how
technology, economics and psychology influence financial decision making.
Article 1.2 Enrolment
The intake date for each of the study programme specialisations is 1 September. Students may also Article 2.2 Exit qualifications
enroll on 1 February. In that case the study programme cannot be fully completed within one year After completion of the programme, students have:
and the workload will not be spread evenly throughout the academic year. Knowledge and understanding
• a thorough knowledge of the areas of management control, financial reporting, accountability
and corporate governance processes, data analytics, and judgment and decision making
2. Programme content • Track Accountancy: a thorough knowledge of the area of accountancy, including:
- various financial reporting standards
Article 2.1 Aim of the programme - the way in which external auditors can verify the reliability of financial and non-financial
Objective reporting
The programme is aimed at developing an academic level of professional and intellectual ability in - empirical research in financial accounting.
the field of Accountancy and Control. Students will acquire knowledge of the relevant scientific • Track Control: a thorough knowledge of the area of control, including:
literature and receive training in the methods and skills to apply this knowledge. Students are - goals, uses and techniques of quantitative decision making in organisations
therefore trained for professions that apply this knowledge at an academic level. - corporate financial management decisions
- empirical research in management accounting.
The programme provides knowledge and insights into both national and international Accountancy
and Control issues. The focus is on generating and evaluating (financial) information for Applying knowledge and understanding
stakeholders that are external and internal to an organisation, using this information in managing • the ability to use financial and non-financial information in reporting on organisational
and controlling an organisation, and assuring the quality of this information. Upon completion performance, decision-making and control
of the programme, the graduate is able to analyse issues in Accountancy and Control based on • the ability to conduct research at an academic level.
theoretical concepts, to critically evaluate solutions proposed for addressing problems in theory and
practice, and to develop alternative solutions grounded in theory and the state-of-the art academic
16 Section B1: Master’s Programme in Accountancy and Control 17Making judgements 3. In addition to the requirements listed in paragraph 1, the Admissions Board will assess the
• insights in the impact of social and political processes on organisations’ accounting choices, as application on the following criteria:
well as the role of ethics, professionalism and codes of conduct • motivation, as evidenced by a motivation letter
• the ability to critically evaluate and discuss empirical research in the area of the specialisation. • being in good standing at previous institutions, as evidenced by a reference letter from an
instructor at a previous institution
Communication • grade point average
• the ability both to function independently and to cooperate constructively within a team based • GMAT / GRE score.
on a professional and multidisciplinary attitude 4. The applicant has to meet all requirements before being allowed to enter the programme.
• the ability to effectively interact with an international team in the chosen professional field and
to manage challenges from diverse perspectives
• the ability to clearly communicate and professionally present (orally and in writing) information 4. Curriculum structure
for a (non-) expert audience.
Article 4.1 Components
Lifelong learning skills The programme consists of:
• acquired academic and professional skills that enables the student to think critically and to a. compulsory courses, including the Master’s thesis
analyse situations in their chosen professional field through analytical thinking skills. b. track-specific courses
Article 4.2 Curriculum
3. Admission criteria Master’s programme in Accountancy and Control – track Accountancy
FIRST SEMESTER SECOND SEMESTER
1. Applicants to the master programme need to show that they have obtained the following Period 1 Period 2 Period 3 Period 4 Period 5 Period 6
knowledge and skills at the level of an academic bachelor programme:
International Financial Judgment
• Intermediate financial accounting Accountability
Financial Statement & Decision
& Risk
Reporting Analysis & Making in
• Intermediate management accounting Management
Standards Valuation Accounting
(5 EC)
• Intermediate finance (5 EC) Research (5 EC) (5 EC) Master’s Thesis
• Qualitative and quantitative research methods including mathematical methods. Seminar Accountancy &
Financial
Accountancy & Business Lab: Control
2. Applications are assessed by the Admissions Board. Students holding a Bachelor’s degree in Incentives & Accounting Auditing
Control (5 EC) Accountancy (12 EC)
Control (5 EC) Research (5 EC)
Economics and Business specialisation Accountancy and Control, Business Administration (3 EC)
(5 EC)
specialisation Accountancy and Control or Economics and Business Economics specialisation
Data Analytics & Professional
Accounting and Control of the University of Amsterdam are unconditionally eligible for Skills (5 EC)
admission to the programme.
18 Section B1: Master’s Programme in Accountancy and Control 19Master’s programme in Accountancy and Control – track Control Track Accountancy
FIRST SEMESTER SECOND SEMESTER
6314M0038 Financial Accounting Research (5 EC) 2
Period 1 Period 2 Period 3 Period 4 Period 5 Period 6
6314M0406 Auditing (5 EC) 4
International Financial Judgment
Accountability 6314M0408 Business Lab: Accountancy (3 EC) 5
Financial Statement & Decision
& Risk
Reporting Analysis & Making in Track Control
Management
Standards Valuation Accounting
(5 EC)
(5 EC) Research (5 EC) (5 EC) Master’s Thesis 6314M0404 Strategic Value Management (EC) 2
Seminar Accountancy &
Corporate 6314M0035 Corporate Financial Management (5 EC) 4
Strategic Value Accountancy & Control
Incentives & Financial Business Lab:
Management Control (5 EC) (12 EC)
Control (5 EC) Management Control (3 EC) 6314M0409 Business Lab: Control (3 EC) 5
(5 EC)
(5 EC)
Data Analytics & Professional
Skills (5 EC) Article 4.4 Electives
Electives are no part of this master’s programme.
Compulsory course Elective course Track course Article 4.5 Exemptions
It is not possible to obtain credits through exemptions.
In addition to Part A, article 3.2, for both Business Labs Control & Accountancy, an exception on
the 60% individual assessment is made. Article 4.6 Practical training
1. Students who are registered for the MSc Accountancy and Control and who have finished 45
4.3 Course list EC of their curriculum may do an internship for 15 EC. It is a student’s responsibility to find an
The following course list is also included in the digital UvA Course Catalogue 2020-2021. internship.
Course Code Course Name Period Entry Requirement 2. The internship must be completed within 6 months after the nominal timeframe for
1-3 only Research Seminar
graduation.
parttime Accountancy 3. The procedure and learning objectives of the internship are described in the Course Catalogue,
6314M0410 Master’s Thesis Accountancy & Control (12 EC)
programme & Control
4-6 (6314M0411) special conditions apply for non-EU students.
6314M0403 Accountability & Risk Management (5 EC) 2
1, 2
6314M0402 Data Analytics & Professional Skills (5 EC) fulltime
5 parttime
6314M0405 Financial Statement Analysis & Valuation (5 EC) 4
6314M0400 International Financial Reporting Standards (5 EC) 1
6314M0401 Incentives & Control (5 EC) 1
6314M0407 Judgment & Decision Making in Accounting (5 EC) 5
3 fulltime
6314M0411 Research Seminar Accountancy & Control (5 EC)
4 parttime
See article 4.6
6314M0271 Master internship Accountancy & Control (15 EC)
Practical training
20 Section B1: Master’s Programme in Accountancy and Control 215. Transitional arrangements Old course New course / adjustment
Financial Statement Analysis & Valuation (Period 4, 6314M0405)
5.1 New course(s) International Financial Reporting
Standards 2 Students who passed the course Financial Statement Analysis
Students who started before 1 September 2020 with the Master’s programme Accountancy &
(Period 5, 6314M0031) (6012B0410/6612ZD008Y) are allowed to replace this course with
Control and have not yet passed the old course(s), must follow the new course(s) as mentioned in Corporate Financial Management (Period 4, 6314M0035)
the table below. Master's Thesis Accountancy & Control (Period 4-6, 6314M0410,
12 EC) (Parttime programme: also offered in period 1-3) and
Business Lab: Accountancy (Period 5, 6314M0408, 3 EC)
1.Track Accountancy
Master’s Thesis Accountancy & Control
Only students who have passed one of the old courses Accounting
If you have not yet passed the old course, you must take the new (changed) course. (Period 4-6, 6314M0330, 15 EC)
Research Seminar & Professional Skills (6314M0331) or Research
Seminar Accountancy & Control (6314M0041) can write an old
style Master’s Thesis Accountancy & Control (6314M0330) for
Old course New course / adjustment
15 EC. The 15 EC thesis is possible until 31-08-2021.
International Financial Reporting
International Financial Reporting Standards
Standards 1 * Students that did not pass Sustainability Accountability & Ethics (6314M0037), but have passed
(Period 1, 6314M0400)
(Period 1, 6314M0030)
Internal Control & Risk Management (6314M0259) in 2019-2020, may follow the course
Management Control (Period 1,
Incentives and Control (Period 1, 6314M0401) Accountability & Risk Management (6314M0403). This is only possible in the academic year
6314M0032)
2020-2021.
Financial Accounting Research
No changes
(Period 2, 6314M0038) Students that did not pass both courses Sustainability Accountability & Ethics (6314M0037)
Sustainability Accountability & Ethics* Judgment & Decision-Making in Accounting* and Internal Control & Risk Management (6314M0259) will need to follow both Accountability
(Period 2, 6314M0037) (Period 5, 6314M0407) & Risk Management (6314M0403) and Judgment & Decision Making in Accounting
Accounting Research Seminar & Research Seminar Accountancy & Control (6314M0407).
Professional Skills** (Period 1, 2, (Period 3, 6314M0411)
6314M0331) (In parttime programme: period 1 and 4)
** The course Accounting Research Seminar & Professional Skills (6314M0331) will be offered
Accounting Information Systems Data Analytics & Professional Skills (Period 1, 2, 6314M0402) (In
(Period 3, 6314M0258) parttime programme: period 5) once more only to students of the parttime programme. Parttime students who want to
write their Master’s Thesis Accountancy & Control starting November 2020 or starting March
Assurance (Period 4, 6314M0036) Auditing (Period 4, 6314M0406)
2021 are required to follow this course Accounting Research Seminar & Professional Skills
Internal Control & Risk Management Accountability & Risk Management
(Period 4, 6314M0259) (Period 2, 6314M0403) (6314M0331).
22 Section B1: Master’s Programme in Accountancy and Control 232. Track Control * Students that did not pass Sustainability Accountability & Ethics (6314M0037), but have passed
If you have not yet passed the old course, you must take the new (changed) course. Internal Control & Risk Management (6314M0259) in 2019-2020, may follow the course
Accountability & Risk Management (6314M0403). This is only possible in the academic year
Old course New course / adjustment 2020-2021.
International Financial Reporting Standards 1 International Financial Reporting Standards Students that did not pass both courses Sustainability Accountability & Ethics (6314M0037)
(Period 1, 6314M0030) (Period 1, 6314M0400) and Internal Control & Risk Management (6314M0259) will need to follow both Accountability
Management Control (Period 1,
Incentives and Control (Period 1, 6314M0401)
& Risk Management (6314M0403) and Judgment & Decision Making in Accounting
6314M0032)
(6314M0407).
Management Control Research
Strategic Value Management (Period 2, 6314M0404)
(Period 2, 6314M0033)
** The course Accounting Research Seminar & Professional Skills (6314M0331) will be offered
Sustainability Accountability & Ethics* Judgment & Decision-Making in Accounting*
(Period 2, 6314M0037) (Period 5, 6314M0407) once more only to students of the parttime programme. Parttime students who want to
write their Master’s Thesis Accountancy & Control starting November 2020 or starting March
Accounting Research Seminar & Professional Research Seminar Accountancy & Control (Period 3,
Skills** (Period 1, 2, 6314M0331) 6314M0411) (In parttime programme: period 1 and 4) 2021 are required to follow this course Accounting Research Seminar & Professional Skills
Accounting Information Systems Data Analytics & Professional Skills (Period 1, 2, 6314M0402) (6314M0331).
(Period 3, 6314M0258) (In parttime programme: period 5)
Corporate Financial Management
No changes
(Period 4, 6314M0035)
6. Effective date
Internal Control & Risk Management
Accountability & Risk Management (Period 2, 6314M0403)
(Period 4, 6314M0259)
This regulation comes into force as of 1 September 2020
Financial Statement Analysis & Valuation
(Period 4, 6314M0405)
• Advice and consent from the Programme Committee Economics and Business Economics &
Management Accounting (Period 5,
Students who passed the course Financial Statement
6134M0330) Fiscal Economics (OC-EBE&FE) on 11 March 2020
Analysis (6012B0410/6612ZD008Y) before 1 September
2019 may request permission to replace this course with • Advice of the Works Council (OR) on 11 June 2020
Auditing (Period 4, 6314M0406).
• Advice of and approved by the Faculty Student Council (FSR) on 18 September 2020.
Master's Thesis Accountancy & Control (Period 4-6,
6314M0410, 12 EC) and Business Lab: Control (Period 5,
6314M0409, 3 EC) Adopted by the Dean of the Faculty of Economics and Business on 18 September 2020.
Master’s Thesis Accountancy & Control Only students who have passed one of the old courses
(Period 4-6, 6314M0330, 15 EC) Accounting Research Seminar & Professional Skills
(6314M0331) or Research Seminar Accountancy & Control
(6314M0041) can write an old style Master’s Thesis
Accountancy & Control (6314M0330) for 15 EC.
The 15 EC thesis is possible until 31-08-2021.
24 Section B1: Master’s Programme in Accountancy and Control 25B2: Master’s Programme in Actuarial Science and Article 2.2 Exit qualifications
After completion of the programme, students have:
Mathematical Finance
Knowledge and understanding
• thorough knowledge of modern actuarial theory and financial mathematics, and their sub-
1. General provisions fields of life insurance and pensions mathematics, non-life insurance mathematics, derivative
pricing, and quantitative risk management
Article 1.1 Programme characteristics • specialised knowledge in the fields listed above.
1. The MSc Actuarial Science and Mathematical Finance CROHO number 66411 is offered full-
time in English. Applying knowledge and understanding
2. The programme has a workload of 60 EC. • the ability to apply actuarial theories and financial mathematical methods in practical settings.
Article 1.2 Enrolment Making judgements
The intake date for each of the study programme specialisations is 1 September. Students may also • the ability to understand the applicability, scope and limits of actuarial theories and financial
enrol on 1 February, but in that case the study programme cannot be fully completed within one mathematical methods in practical settings.
year, or the workload will not be spread evenly throughout the Academic year.
Communication
• the ability both to function independently and to cooperate constructively within a team based
2. Programme content on a professional and multidisciplinary attitude
• the ability to effectively interact with an international team in the chosen professional field and
Article 2.1 Aim of the programme to manage challenges from diverse perspectives
Objective • the ability to clearly communicate and professionally present (orally and in writing) information
The programme is aimed at developing an academic level of intellectual and professional ability. for a (non-) expert audience.
Students develop a thorough knowledge and understanding of the academic literature in the
Actuarial Science & Mathematical Finance domain, and are trained in the methods and skills Lifelong learning skills
to apply this knowledge. They are hence educated for professions requiring academic levels of • acquired academic and professional skills that enables the student to think critically and to
Actuarial Science & Mathematical Finance knowledge. analyse situations in their chosen professional field through analytical thinking skills.
Actuarial Science & Mathematical Finance: Specialisations “General” and “Quantitative Risk
Management”. The specialisation “Quantitative Risk Management” is identical to the specialisation
“General” except that it requires two compulsory courses, aimed at a broader quantitative risk
management expertise, instead of two restricted elective courses. For suitable candidates this study
programme also provides an excellent grounding for a subsequent PhD programme.
26 Section B2: Master’s Programme in Actuarial Science and Mathematical Finance 273. Admission criteria Programme Actuarial Science and Mathematical Finance: General
FIRST SEMESTER SECOND SEMESTER
1. Applicants to the master programme need to show that they have obtained the following Period 1 Period 2 Period 3 Period 4 Period 5 Period 6
knowledge and skills at the level of an academic bachelor programme:
Principles
• probability and mathematical statistics (as in a mathematics degree) Financial Asset Liability
of the
Mathematics Restricted Management
Mathematics
• linear algebra and calculus or analysis (as in a mathematics degree) for Insurance elective – Cases and
and Economics
(5 EC) Skills (5 EC)
• preferably some actuarial science, econometrics, and financial mathematics. of Risk (5 EC)
2. Applications are assessed by the Admissions Board. Students holding a Bachelor’s degree Non-Life
in Actuarial Sciences of the University of Amsterdam are unconditionally eligible to the Insurance: Restricted Stochastic Calculus (5 EC)
Statistical elective
programme. Restricted
Techniques
elective
3. In addition to the requirements listed in paragraph 1, the Admissions Board will assess the and Data
Analytics
application on the following criteria: (5 EC) Master’s Thesis Actuarial Science and
Mathematical Finance: General (15 EC)
• motivation, as evidenced by a motivation letter and overall academic performance Risk Management for Insurers and
• being in good standing at previous institutions, as evidenced by a reference letter from an Pensions (5 EC)
instructor at a previous institution
• grade point average
• GMAT / GRE score. Programme Actuarial Science and Mathematical Finance: Quantitative Risk Management
4. The applicant has to meet all requirements before being allowed to enter the programme. FIRST SEMESTER SECOND SEMESTER
Period 1 Period 2 Period 3 Period 4 Period 5 Period 6
Principles
4. Curriculum structure of the
Financial
Mathematics
Financial
Asset Liability
Management
Mathematics Econometrics
for Insurance – Cases and
and Economics (5 EC)
(5 EC) Skills (5 EC)
Article 4.1 Components of Risk (5 EC)
The programme consists of: Non-Life
a. compulsory courses, including the Master’s thesis Insurance: Restricted Stochastic Calculus (5 EC)
Statistical Banking Risk elective
b. track-specific courses Techniques Management
c. elective courses and Data (5 EC)
Analytics
Master’s Thesis Actuarial Science and
(5 EC)
Mathematical Finance: Quantitative Risk
Article 4.2 Curriculum Risk Management for Insurers Management (15 EC)
The Master’s Programme in Actuarial Science and Mathematical Finance offers two specialisations: and Pensions (5 EC)
1. Actuarial Science and Mathematical Finance: General; and
2. Actuarial Science and Mathematical Finance: Quantitative Risk Management.
Compulsory course Elective course Track course
28 Section B2: Master’s Programme in Actuarial Science and Mathematical Finance 29Article 4.3 Course list Actuarial Science and Mathematical Finance –
The following curriculum is also included in the digital UvA Course Catalogue 2020-2021. specialisation Quantitative Risk Management:
Course Code Course Name Period Entry Requirement
Actuarial Science and Mathematical Finance – general specialisation: Compulsory courses
Course Code Course Name Period Entry Requirement
20 EC completed
Master’s Thesis Actuarial Science and Mathematical 1-3
Compulsory courses 6414M0280 of the Master`s
Finance: Quantitative Risk Management (15 EC) 4-6
programme
20 EC completed
Master’s Thesis Actuarial Science and Mathematical 1-3 Asset Liability Management – Cases and Skills
6414M0279 of the Master`s 6414M0307 5
Finance: General (15 EC) 4-6 (5 EC)
programme
Asset Liability Management – Cases and Skills 6414M0007 Financial Econometrics (5 EC) 4
6414M0307 5
(5 EC)
6414M0309 Financial Mathematics for Insurance (5 EC) 2
6414M0309 Financial Mathematics for Insurance (5 EC) 2
Non-Life Insurance : Statistical Techniques and Data
6414M0327 1
Non-Life Insurance : Statistical Techniques and Data Analytics (5 EC)
6414M0327 1
Analytics (5 EC)
6414M0330 Risk Management for Insurers and Pensions (5 EC) 1, 2
6414M0330 Risk Management for Insurers and Pensions (5 EC) 1, 2
6414M0308 Banking Risk Management (5 EC) 2
Principles of the Mathematics and Economics of
6414M0328 1 Principles of the Mathematics and Economics of
Risk (5 EC) 6414M0328 1
Risk
6414M0013 Stochastic Calculus (5 EC) 4, 5
6414M0013 Stochastic Calculus (5 EC) 4, 5
Restricted electives
Restricted electives
6414M0305 Actuarial Science of Pensions and Ageing (5 EC) 2
Retirement Savings and Investment Decisions
6414M0329 4
Retirement Savings and Investment Decisions (5 EC)
6414M0329 4
(5 EC)
6414M0360 Quantitative Models in Online Marketing (5 EC) 4, 5
6414M0308 Banking Risk Management (5 EC) 2
Advanced Mathematics and Economics of Risk
6414M0306 3
6414M0219 Machine Learning for Econometrics (5 EC) 2 (5 EC)
6414M0360 Quantitative Models in Online Marketing (5 EC) 4, 5 6414M0172 Experimental Economics (5 EC) 3
Advanced Mathematics and Economics of Risk 6414M0155 Financial Institutions and Banking (5 EC) 3
6414M0306 3
(5 EC)
6414M0305 Actuarial Science of Pensions and Ageing (5 EC) 2
6414M0172 Experimental Economics (5 EC) 3
6414M0155 Financial Institutions and Banking (5 EC) 3
Article 4.4 Electives
The restricted electives of this programme are mentioned in the course list in article 4.3 of this B
part. In exceptional cases, in consultation with the Programme Director and subject to the approval
of the Examinations Board, courses from other study programmes may also be included as an
elective.
30 Section B2: Master’s Programme in Actuarial Science and Mathematical Finance 31Article 4.5 Exemptions Students who started with the master’s programme before 1 September 2020, and who have not
A maximum of 15 credits in the Master’s curriculum may be accumulated through granted yet passed one or more old 6/7 EC courses, are also allowed to take these courses again for 6/7 EC.
exemptions. In that case they have to take the new 5 EC course, as well as an additional assignment for 1/2 EC.
This rule only applies to the Academic Year 2020-2021. After this year, students will no longer be
allowed within this programme to take 6 or 7 EC courses, only 5 EC courses will be offered.
5. Transitional arrangements
The courses Principles of the Mathematics and Economics of Risk and Stochastic Calculus have
5.1 New course(s) become a compulsory part of the MSc programme. This does, however, not apply to students who
Students who started before 1 September 2020 with the Master’s programme Actuarial Science have started this programme prior to September 2020.
and Mathematical Finance and have not yet passed the old course(s), must follow the new course(s)
as mentioned in the table below.
6. Effective date
Old course New course / adjustment
Asset Liability Management – Cases (6414M0214) Asset Liability Management – Cases and Skills This regulation comes into force as of 1 September 2020
(6 EC) (6414M0307) (5 EC)
Non-Life Insurance: Statistical Techniques Non-Life Insurance: Statistical Techniques and Data • Advice and consent from the Programme Committee Actuarial Science and Econometrics
(6414M0213) (6 EC) Analytics (6414M0327) (5 EC)
(OC-AE) on 8 June 2020
Principles of the Mathematics and Economics of Principles of the Mathematics and Economics of Risk • Advice of the Works Council (OR) on 11 June 2020
Risk I (6414M0302) (3 EC) (6414M0328) (5 EC)
and/or This course cannot be combined with the course (s) • Advice of and approved by the Faculty Student Council (FSR) on 18 September 2020.
Principles of the Mathematics and Economics of Principles of the Mathematics and Economics of
Risk II (6414M0303) (2 EC) Risk I or II, due to overlap
Adopted by the Dean of the Faculty of Economics and Business on: 18 September 2020.
Advanced Mathematics and Economics of Risk
Caput Insurance (6414M0218) (6 EC)
(6414M0306) (5 EC)
Financial Mathematics for Insurance (6414M0211) Financial Mathematics for Insurance (6414M0309)
(6 EC) (5 EC)
Risk Management for Insurers and Pensions Risk Management for Insurers and Pensions
(6414M0212) (6 EC) (6414M0330) (5 EC)
Banking Risk Management (6414M0271) (7 EC) Banking Risk Management (6414M0308) (5 EC)
Actuarial Science of Pensions and Ageing Actuarial Science of Pensions and Ageing
(6414M0300) (6 EC) (6414M0305) (5 EC)
Retirement Savings and Investment Decisions Retirement Savings and Investment Decisions
(6414M0301) (6 EC) (6414M0329) (5 EC)
32 Section B2: Master’s Programme in Actuarial Science and Mathematical Finance 33B3: Master’s Programme in Business Administration In this degree programme, students can compile their own curriculum in various specialist fields,
known as tracks. The exit qualifications should therefore partially be differentiated according to the
following tracks:
1. General provisions 1. Strategy: Focuses on the main strategic issues that firms face in relation to how they interact
with their competitive and institutional environment and how they are organised internally.
Article 1.1 Programme characteristics 2. International Business: Focuses on the ways in which organisations engage in international
1. The MSc Business Administration CROHO number 60644 is offered full-time in English. business and how countries differ systematically in terms of resource endowments, market
2. The programme has a workload of 60 EC. opportunities, culture and regulatory frameworks.
3. Digital Marketing: Focuses on how the marketing function creates and captures customer
Article 1.2 Enrolment value, with an emphasis on the impact of marketing analytics and digitisation of the business
The intake date for each of the study programme tracks is 1 September. The tracks Digital environment on marketing processes.
Marketing, Consumer Marketing, and International Business also allow an intake date on 1 4. Consumer Marketing: Focuses on the consumer as the focal point in the function of marketing
February. and customer value creation, with an emphasis on consumer behavior, consumer psychology,
and consumer research as fundamental components driving marketing decisions.
5. Leadership and Management: Focuses on the challenges organisations are facing in terms of
2. Programme content managing individuals, teams and organisations and the balance between organisational and
employee interests.
Article 2.1 Aim of the programme 6. Entrepreneurship and Innovation: Focuses on the process of new social or commercial venture
Objective creation, corporate entrepreneurship and innovation management.
Business Administration as a science is concerned with the interdisciplinary study of complex 7. Entrepreneurship and Management in the Creative Industries: Focuses on the specific
organisational issues in their context. Education and research in Business Administration aim to characteristics of core business concepts and theories in the context of the creative industries.
develop knowledge of analysing and developing (processes in) organisations, making them more 8. Digital Business: Focuses on how firms undergo digital transformation, employ data, conduct
effective and efficient. The Master’s programme in Business Administration is directed at developing operational research and new product development in a digital environment.
an academic level of thinking and working within this field. Next to being scientifically relevant, the
acquired business knowledge is relevant for practical purposes, such as giving advice, operations Article 2.2 Exit qualifications
management and policy formulation. In the programme, students acquire knowledge of relevant After completion of the programme, students have:
and recent academic literature in the field of Business Administration and receive training in the Knowledge and Understanding
methods and skills required to apply this knowledge in research and analysis, as well as in dealing • knowledge and understanding of leading theories, models and debates in Business
with real-life issues in a multidisciplinary and international context. The students are trained for Administration, plus their specific areas and tracks within the program
those professions in which business knowledge is required at an academic level. • knowledge of business issues and challenges in an international and societal context
• thorough knowledge of current research and methodologies in one of the specialist fields.
34 Section B3: Master’s programme in Business Administration 35Applying Knowledge and Understanding 3. Admission criteria
• the ability to independently develop and conduct research on an academic level in one of the
specialist fields of Business Administration 1. Applicants are required to have the following knowledge and skills on a third-year Bachelor-
• the ability to use academic research methods to analyse business and management issues level, equivalent to a UvA degree in Economics and Business:
• the ability to apply theories and frameworks to practical cases and managerial problems. • knowledge of business related issues, theories and discussions in at least two of the
following fields: Strategy, International Business, Organisation, Marketing, Leadership,
Making judgements Entrepreneurship or Organisational Psychology
• the ability to create a well-balanced judgment relating to managerial questions and dilemmas, • the ability to critically reflect on theories and research
supported by appropriate arguments • the ability to conduct qualitative and quantitative research.
• the sensitivity to deal with ethical dilemmas, social responsibility and sustainability as relevant 2. Applications are assessed by the Admissions Board. Students holding a Bachelor’s degree
business issues. in Economics and Business of the University of Amsterdam are unconditionally eligible for
admission to the programme.
Communication 3. In addition to the requirements listed in paragraph 3.1.1, the Admissions Board will assess the
• the ability both to function independently and to cooperate constructively within a team based applications and select students on the following criteria:
on a professional and multidisciplinary attitude • motivation, as evidenced by a motivation letter, overall academic performance and CV
• the ability to effectively interact with an international team in the chosen professional field and • being in good standing at previous institutions, as evidenced by a reference letter from an
to manage challenges from diverse perspectives instructor at a previous institution
• the ability to clearly communicate and professionally present (orally and in writing) information • grade point average
for a (non-) expert audience. • GMAT / GRE score
• status and quality of the previous institution.
Lifelong learning skills 4. The selection procedure as described in paragraph 3.1.3 is not applicable for students from
• acquired academic and professional skills that enables the student to think critically and to selected programmes, including the Bachelor in Economics and Business of the University of
analyse situations in their chosen professional field through analytical thinking skills. Amsterdam and the Premaster programme Business Administration.
5. The applicant has to meet all requirements before being allowed to enter the programme.
36 Section B3: Master’s programme in Business Administration 37You can also read
