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International Economics and Globalisation track

The track International Economics and Globalisation offers a fascinating analysis of current developments in the global economy. This track is 1 of 6 tracks you can opt for in our Master's in Economics.

Formulate new views and perspectives

Analyse the response of countries and international organisations to the instability of international capital flows and learn to formulate views and perspectives on these and similar matters.

This track applies a relatively macroeconomic approach to the international economy, whereas the track Development Economics is its more micro-focused counterpart.

Track-specific courses

  • International Economic Cooperation

    In this course we will study the international cooperation in the ongoing process of economic globalisation. You will look at economic organisations such as the IMF, World Bank and the World Trade Organisation and regional economic integration attempts such as the EU and ASEAN. How do they deal with major current challenges, such as preventing local and global financial crises, limiting moral hazard and the stability of the European integration process?

  • International Finance

    In this course you will study advanced topics in international financial and monetary relations. Such as:

    • modern exchange rate theories including target zone models and speculative attack models;
    • recent currency crises and ways to prevent them;
    • exchange rate policies;
    • international capital mobility, capital flight, management of and capital controls;
    • the international spill-overs of unconventional monetary policy and the induced portfolio rebalancing.
  • Financial Institutions and Banking

    What are the key issues in bank management and the role of banks in the financial system? This is 1 of 2 core topics you will study in this course. You will learn about:

    • the major risks banks face;
    • spot lending and asymmetric information, credit rationing;
    • financial fragility and bank runs;
    • bank regulation. 

    The other core topic is the recent global financial crisis. How did it change the global financial system and the macroeconomy? We look at:

    • trends and cycles in the financial system;
    • policy responses to the crisis;
    • current challenges for policy makers. 
  • International Trade Theory and Policy

    This course brings you a thorough analysis of the modern theory concerning international trade and movements towards regional trade integration. You will receive a quick refresher of the major classical and neoclassical trade theories, insights on trade policy and a survey of the present state of the world economy.

Real-life case: learn about today's debates

How does fast economic growth in China affect international trade relations? What are the driving forces of international capital flows? What impact does globalisation have on income inequality? Learn all about today‚Äôs debates and formulate your own positions, based on literature as well as research. 

Up-to-date issues

Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.

  • The effects of protectionist trade measures: An Empirical Study on the Steel Sector.
  • What is the effect of debt relief under the HIPC Initiative on education in Heavily Indebted Poor Countries?
  • What are the effects of grants and loans on tax revenues of recipient countries? Are these effects conditional on the institutional quality of those countries?

Career prospects

Graduates of the Master's programme in Economics/International Economics and Globalisation track have excellent job prospects for positions as researchers and experts in:

  • At international organisation
  • National organisations with international emphasis
  • International corporation
  • International finance
  • IMF

International Economics and Globalisation and 5 other tracks

International Economics is 1of 6 tracks you can opt for in our MSc Economics. If you are more interested in another field of economics, read the info on 1 or more of the other tracks.