In international economics programs, students learn how to assess international trade issues, make economic predictions and manage foreign exchange risk. Students can earn either a Master of Arts (M.A.) or a Master of Science (M.S.) degree, both of which emphasize data analysis and application of information to real-life market situations. Programs include on-campus coursework, and some schools also offer opportunities to study abroad or complete internships.
In order to apply to one of these programs, students need a bachelor's degree with coursework in economics and statistics. They may also need to submit GMAT and GRE scores or demonstrate prior professional work experience.
Master's Degree in International Economics
Graduate students are taught to oversee a global investment portfolio and to develop monetary and trade policies. The program is generally designed for those who are interested in working as analysts, researchers or managers for financial institutions, international organizations or government agencies. Graduate coursework provides students with an understanding of global commerce and how countries interact with each other using financial transactions and trade. Course content includes:
- Global monetary economics
- Corporate financial economics
- International macroeconomics and worldwide political economy
- Risk analysis by nation and trade policies and laws
- Management economics
- Econometrics (mathematical and statistical methodology applied to economic data)
Popular Career Options
Career opportunities exist in both the public and private sectors. Recent graduates typically find employment at asset management companies, consulting firms, government agencies, investment banks and nonprofit organizations. Common job titles include:
- Investment analyst
- Corporate policy analyst
- Equity or fixed income analyst
- Project manager
Students who want to gain the skills they need to teach at the college level, conduct advanced research, or formulate high-level monetary and trade policies may pursue a Ph.D in economics with a specialization in international finances or development. Doctoral candidates continue their studies in international trade, global finance, economic development and industrial organization.
A master's degree in international economics provides students with the advanced economic knowledge and analytical skills they need for a professional career in the field or to enroll in a doctoral program.