Economics and International Business MSc

Entry requirements:
2:1 +
Full-time:
1 year
Part-time:
Not available
Start date:
October 2018
UK/EU fees:
£12,850
International fees:
£19,500
Location:
Loughborough

Achievements

8th

for Economics

The Times and Sunday Times Good University Guide 2018

Accredited

Among just 1% of business schools in the world to hold Triple-Accreditation

AACSB, EQUIS and AMBA

75%

of our Business and Management research is rated as 'world leading' or 'internationally excellent'

REF 2014

Top 10

UK Business School in national league tables

Overview

Our MSc Economics and International Business programme will equip you with the key skills required for successful careers in business and organisations operating in the global economy.

International businesses are affected by a wide range of factors both within and outside their control. They need to understand international trade and economic relations, be able to analyse market opportunities around the world, manage international supply chain management, assess outsourcing options and use data analysis to inform business strategy.

Our MSc Economics and International Business programme will equip you with the skills and techniques to assess and implement business strategies in response to the problems affecting firms and markets in a highly competitive international business environment. You will be taught by experienced economists, international business researchers, and practitioners.

Our professors and lecturers have research expertise in key areas of international trade and business such as multinationals investment decisions, international mergers, international technical collaborations, environmental policies and agreements.

Practical training on how to apply relevant theory to shape international business decisions is integrated into the programme. You will be able to further refine your practical skills by completing a research project that allows you to apply your knowledge to an international business issue.

What makes this programme different?

  • Opportunity to develop an individual research project
  • Scholarships available for the best candidates
  • Taught by experienced economists, researchers, and practitioners

Who should study this programme?

Our MSc Economics and International Business programme is ideal for graduates interested in careers in international business, management and strategy consulting, and industry, as a business economist for example. You will learn skills and techniques to assess and implement business strategies in response to the problems affecting firms and markets in a highly competitive international business environment.

Entry requirements

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research, or related disciplines. Applicants from other disciplines will also be considered provided that your degree includes at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

English language requirements

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component. The School will accept lower IELTS scores if you undertake the University's pre-sessional English course. TOEFL with an overall score of 92, and no sub-test score below 22.

See full list of English language qualifications we accept, with full details on each.

What you'll study

Our Economics and International Business MSc programme is designed to help you develop appropriate skills and understanding of economics and international business management so as to systematically and creatively improve the business and management practice of firms operating in international environments.

Modules

Economics and International Business MSc covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Semester 1

Economics of Firms and Markets (15 credits)

This module provides an introduction to important topics in microeconomic theory that are relevant for applications such as banking, finance and business. Students are provided with a grounding in the analytical methods required to understand the topics taught in the optional modules.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Industrial Organisation and Strategy (15 credits)

The module introduces the main principles and analytical techniques used in industrial organisation and game theory, which are exploited to assess of business strategy and policy.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

International Business Environment (15 credits)

This module aims to enable students to analyse the global business environment, the risks facing international companies doing business in emerging market economies, and the main supra-national international business institutions.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

Research Communication for Economists (two-semester module) (10 credits)

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

Optional modules (choose one)

Economic Data Analysis (15 credits)

This module provides students with mathematical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Global Outsourcing and Offshoring of Services (15 credits)

The module develops students’ understanding of the role and the challenges of outsourcing and offshoring for business and IT strategy in a global context.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

Marketing in the Organisation (15 credits)

This module examines the principles of marketing, from theoretical and practical perspectives, which enables students to develop understanding of applied marketing and build a solid foundation for tackling future marketing modules.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Semester 2

Economics of International Business (15 credits)

The module explores the key economic principles in international business, international trade and international economic relations. This involves the students in acquiring the economic skills and techniques typically used in the analysis and evaluation of international business strategy.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

Research Communication for Economists (two-semester module) (10 credits)

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

Optional modules (choose two)

Applied Data Analysis for Business Strategy (15 credits)

This module familiarises students with the statistical techniques used in microeconomic data analysis and to evaluate business performance and its determinants, as well as assessing the impact of government policy and business strategy on business performance.

Assessment

The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

Economics of Corporate Strategy (15 credits)

The module explores the key theoretical principles used in corporate strategy to identify the ways in which economic concepts can inform the real-world management decisions of complex businesses and organisations.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

Logistics and Supply Chain Management (15 credits)

This module aims to develop a broad understanding of the role of logistics and supply chain within various business contexts. Students will be able to identify and analyse the complexities and uncertainties affecting global supply chains, critically appreciate emerging trends and concepts in logistics and supply chain management, and develop relevant transferable skills.

Assessment

Typically this module is assessed by 25% coursework / 75% exam, although the university reserves the right to alter this.

International Marketing (15 credits)

This module aims to provide an understanding of the key concepts and core issues in international marketing and to develop decision-making skills for the successful formulation, implementation and control of international marketing programmes.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Summer period

Economics and International Business in Practice (20 credits)

The module enables students to develop skills in identifying and assessing complex and topical issues in international business, and apply research techniques to analyse current issues confronting international businesses.

Assessment

The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

Global Strategic Management (15 credits)

This module aims to develop students’ critical understanding of the concepts involved in global strategic management and its application in the private and public sectors. It focuses on developing students’ skills in the area of strategic analysis, evaluation of strategic options, and implementation of strategy.

Assessment

Typically this module is assessed by 100% coursework, although the university reserves the right to alter this.

Economic Research Project (30 credits)

This module builds on the Economics and International Business in Practice module and allows students to gain fexperience in conducting an independent applied research project relevant to international business. In the process, you will improve your employment prospects by strengthening your ability to effectively communicate your knowledge, understanding and recommendations to policy makers and managers.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

How you'll be assessed

Modules are assessed through a combination of group and individual coursework as well as exams.

How you'll study

Lectures
Tutorials
Independent study
Group work

Your personal and professional development

The School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Graduates will be equipped for a career in international business, management and strategy consulting, and industry. Potential career destinations for international business economists include management in multinational corporations, international organisations, industry associations, and business-oriented or internationally-oriented government departments.

Your personal development

There is a strong emphasis on applying theoretical and quantitative skills to real world situations – as well as a focus on developing critical thinking skills will open up career opportunities in business, consulting, government and international organisations or as an academic economist.

All our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

Fees and funding

UK/EU:
£12,850
International:
£19,500

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our academics

Our MSc programmes are delivered by expert academic staff, many of whom have first-hand experience in business, finance, management and government policy.

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