The School of International Serviceand the Department of Economics now offer a joint Master’s Degree in International Economics. The program offers a rigorous combination of theoretical, empirical, and policy-oriented courses in economics, political economy, and policymaking focused on international trade and finance. It prepares students to analyze the most important issues in today’s global economy, including the macro- and microeconomic causes and consequences of trade and financial liberalization, exchange rate fluctuations, and capital-markets integration. The objective is to gain an in-depth understanding of the market, political, and other forces that have driven the economic globalization process, as well as the private and public actors and institutions shaping international trade and financial developments and policies.
During their course of study, students will learn how to use the state-of-the-art statistical software commonly used in applied economics research and policy analysis. The program culminates with a capstone experience in which students apply their knowledge to complete a project addressing a major issue in contemporary international economics. The coursework in theory, policy and research methods, as well as the capstone experience, are designed to prepare students for careers in government agencies, industry associations, financial institutions, multinational corporations, economic consulting firms, think tanks, multilateral institutions, and non-governmental organizations - whether in the United States or abroad.
The program achieves an interdisciplinary purpose, exposing students of traditional economics to international political economy and to a variety of institutional and policy issues, and students with a mixed background in international relations, international political economy, and economics to rigorous training in economic theory and quantitative research methods.
The M.A. in International Economics degree program offers students:
- Concentrated faculty strength in international economics and a policy-oriented curriculum.
- Faculty with linkages to think tanks, research institutes, and international organizations around the globe.
- Training in state-of-the-art statistical software commonly used in applied economics research.
- A Washington, D.C. location that provides access to an extraordinary array of professional opportunities for well-trained economists.
Students completing the M.A. in International Economics will be able to:
- Gain an in-depth understanding of the market, political, and other forces that have driven the economic globalization process, as well as the private and public actors and institutions shaping international trade and financial developments and policies.
- Provide intuitive explanations of what the leading models of international economics imply about the direction of trade and capital flows, and about the gains and losses that will accrue to a country in the wake of trade and financial liberalization, and in the aftermath of trade protectionism and capital controls.
- Provide intuitive explanations of the impact of, and interconnections between, macroeconomic and financial policies in the context of economic globalization.
- Define the roles and policies of the leading institutions attempting to govern international economic relations.
- Employ and interpret econometric models to answer empirical research questions.