Degree programs specifically focused on international economics are rare, and those available may be offered on-campus only. Most commonly, this subject can be studied online through a Master of Business Administration (MBA) program with a concentration in international business, and this type of program is often offered in a distance learning format. Students are usually working full-time as business professionals and seeking to advance their careers, and programs are typically offered fully online to accommodate students' needs. To apply for such programs, students should possess a bachelor's degree in a related field.
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MBA in International Business
International economics can be studied online through an international business degree program at the master's degree level. Online master's degree in international business programs typically require courses in international economics, global financial management, cross-cultural communication and international political economy.
Program Information and Requirements
Online master's degree programs in international business generally take two years to complete. Applicants must have a bachelor's degree in a related field. Students enrolled in these programs receive online instruction through Web classes, e-mail, chat and discussion forums. Online international business programs also offer technical support, library services, recorded lectures and online tutoring.
In order to complete the program, students must have high-speed Internet connectivity with the most recent version of their preferred browser. Web or video conferencing allows students to participate in real-time instruction.
List of Common International Business Courses
Since most general education courses are taken in a bachelor's degree program, online international business master's degree programs focus on the core courses required to prepare students for the world of global finance.
Students enrolled in this online international economics course learn to create consumer value. Emphasis is placed on pricing, distribution and marketing segmentation as it relates to the global economy.
This course trains students to stay informed with regard to their customers, vendors and competitors. The focus of this course is on maintaining ethical and cultural boundaries while obtaining important data.
Students enrolled in this distance learning course learn foreign exchange rates and how to transmit international funds. In addition, students explore the causes of economic crises, adjustment mechanisms and successful economic growth.
Global Political Economics
This online course trains students to assess risks in dealing with particular nations, to address international enterprise concerns and to understand relations among economic blocs.
International Financial Management
Students taking this online finance course are taught to manage corporate financial issues with a global perspective. The course focus is on dividends, capital, cross-border valuation and stock options.
Graduates who have earned a master's degree in international business may pursue careers as chief executive officers, chief technical officers or international economists. According to the United States Bureau of Labor Statistics (BLS), from 2014-2024 employment opportunities for economists is expected to grow as fast as the average for all occupations, but job prospects will be more favorable for those who have earned a graduate degree (www.bls.gov). The mean wage for economists in May 2015 was $109,230, and $185,850 for chief executives.
For individuals interested in pursuing an online degree program in international economics, enrolling in an MBA program with an emphasis in international business is a good alternative and will likely prepare graduates for very lucrative positions in the economic and business executive fields.