Professor Peter Kort

Peter Kort
  • Name: Peter Kort
  • Position and field of expertise: Full Professor of Dynamic Optimization in Economics and Operations Research

"We train students with a strong mathematical background to get a thorough understanding of economic decision making. Such students are highly sought after by multinationals, consulting firms, smaller firms, governmental institutions like ministries and planning bureaus, and of course universities."


Professor Peter Kort about the program:



Why does this field of expertise interest you?

This field of expertise shows how mathematics can be applied as a tool to understand economics. In particular, designing and solving mathematical models leads to simple decision rules that help to understand, interpret, and evaluate economic problems.


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What is interesting or unique about the program?

The program shows how economic agents like firms and consumers behave, taking into account the ongoing uncertainty of the economic environment and the future consequences of current decisions regarding consumption and investment. Furthermore, insight is gained in how to respond to competition when firms operate in the same market and how to identify the potential gains of cooperation.


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Which courses do you teach and what do they entail?

I teach Dynamic Real Investment. This course focuses on investment behavior of firms, which is the main input of economic growth. In particular, effects of uncertainty, irreversibility, and competition are derived and explained. We also show how decisions regarding investment, borrowing, and dividend payments are interrelated.


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What are the future prospects for students?

We train students with a strong mathematical background to get a thorough understanding of economic decision making. Such students are highly sought after by multinationals, consulting firms, smaller firms, governmental institutions like ministries and planning bureaus, and of course universities.

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Why should a student choose Tilburg University and this program?

TiSEM is a top school, while at the same time professors are very approachable. The atmosphere is international, with many international students and courses taught in English. The School has a good reputation with potential employers.


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