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  1. Business Economics / International Business Economics
    1. 2017
Courses

Business Economics / International Business Economics

MSc |
From start-ups to multinationals, the MSc Business Economics course is about applying economics to business – and London is the ideal place to do it.

Key Information

Start date

September 2017

Duration

Full-time: one year

UK/EU

Full-time: £11,500

Non-EU

Full-time: £16,000

Application period

There is no fixed application deadline. We close applications when the course is full, so we encourage you to apply early.

Who is it for?

The MSc Business Economics / International Business Economics is for students who want to apply economics to real-world issues. From transfer pricing, to the complexity of financial markets and the pros and cons of EU membership, you will need to be strong at statistics and quantitative methods to get to grips with the material that makes up the core modules. The MSc is designed to give you the tools to apply your knowledge, so we expect you to be downloading the free FT app and getting on top of current issues from the second you start.

At City, we are focused on getting you a job as an applied economist in the real world.”

Course Director, Professor Keith Pilbeam

Objectives

On the MSc Business Economics / International Business Economics you won’t be deriving equations. Instead, we use them to apply economics to current business issues.

The programme has been designed to equip students with a wealth of resources combining data banks from City’s Cass Business School and School of Arts and Social Sciences. This means you have access to everything from Datastream, Bloomberg and Bankscope, to Morning Star and Orbis.

MSc Business Economics / International Business Economics maximises City’s central London location. With high-profile guest lecturers such as Jim O’Neill, former Chief Economist from Goldman Sachs, you gain insight straight from the City studying in the heart of "the world's biggest financial centre" (Economist, 2012.)

Requirements and how to apply

Entry requirements

You should have some mathematical background (A-level, IB, AP or any other equivalent secondary school qualification) and one of the following:

  • an upper second class (or equivalent) undergraduate degree in economics or related discipline (e.g. finance)
  • an upper second class (or equivalent) undergraduate degree in business, management, politics, law, accounting, psychology, quantitative sociology or financial journalism with a significant economics component
  • an upper second class (or equivalent) undergraduate degree in a quantitative discipline (such as mathematics, engineering, computer science or a natural science) with a significant economics component.

Students with a good lower second class degree in one of the above disciplines might be considered on a case-by-case basis.

INTO City, University of London

Don’t meet the entry requirements? INTO City, University of London offers a range of academic and English language programmes to help prepare you for study at City, University of London. You’ll learn from experienced teachers in a dedicated international study centre.

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the Graduate Diploma in Economics.

Other suitable qualifications

You will benefit from having a working knowledge of microeconomic principles, mathematics and statistics. If you have a shortfall in these areas, we run pre-sessional courses before the academic year starts that will give you the necessary background.

The pre-sessional courses are primarily aimed at those who have not studied economics for a few years and may need some revision of maths, statistics and/or microeconomics. The three courses are designed to ensure that you have a minimum acceptable level of knowledge in each area before beginning the course, so that once the full MSc course starts, all students share a common core of basic knowledge.

Postgraduate preparatory courses for international students

If you do not qualify for direct entry, our partner INTO City, University of London offers an academic preparation programme - the Graduate Diploma in Business, Law and Social Science. The course offers a route to City, University of London through an excellent teaching and learning experience, based in purpose-built study facilities. Successful completion of the Graduate Diploma at INTO City, University of London to the standard required provides guaranteed progression to this Masters degree.

English requirements

  • IELTS: an overall score of 6.5 with a minimum of 6.0 for each sub-test.

English language programmes

Don’t meet the English language requirements? INTO City, University of London offers English language programmes to help prepare you for study at university.

These intensive and flexible courses are designed to improve your English ability for entry to degree courses. Learn more about INTO’s English for University Study programme.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

If you require a Tier 4 student visa to study in the UK, you cannot undertake any City courses on a part-time basis.

For more information see our main Visa page.

How to apply

To apply you will need to submit an application form, personal statement, an official copy of your undergraduate academic transcript and degree certificate and a copy of your passport

The Department of Economics does not require references when you submit your application. However, the Admissions Tutor might request them at a later date to help make a decision on your application.

If you have any enquiries please contact the Programmes Office:

Tel: +44 (0)20 7040 0248
Email: SASS-enquiries@city.ac.uk

Postgraduate Courses Offices
School of Arts and Social Sciences
City, University of London
Northampton Square
London
EC1V 0HB.

40%
of European multinationals are London-based – perfect for graduate employment.
62nd
in the world for Business and Economics (Times Higher –World University Rankings 2017)
60%
of the course is practice-based so you apply your learning.

Funding

Explore up-to-date information about funding options, available financial support and typical living costs.

More about funding

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.

Alumni views

Alumni Youssef Intabli, Account manager at Bloomberg talks about his experience of studying at City.

Placements

Placements are not a formal requirement of this course.

Learn a language for free

We offer a free language course for City, University of London students.

Find out how to apply

Teaching and learning

The course is taught through a series of lectures (which are also available as online resources), seminars, student presentations and interactive group work. Computer laboratory teaching gives you practical experience using software packages to develop statistical and econometric skills that are formatively assessed by computer-based exercises.

You also undertake a research project or economics literature survey on a subject that is of interest to you. This must cover a current topic that is within the remit of Business Economics or International Business Economics.

Assessment

You are assessed by coursework and examination. Your overall degree result is based on your performance in the taught modules and the dissertation.

Modules

The core content is covered in the first term, making this a programme with a lot of choice. There is an economics and econometrics focus, but you also can study topics including the economics of micro-finance, e-commerce, asset pricing and the history of economic thought.

If you choose to study MSc International Business Economics you will need to study the International Business Economics elective in the second term, and your research project has to cover more than one country. So, for example, you could not focus on a single-country subject such as privatisation in the UK.

International Business Economics Programme Specification.

Core modules

You take five (six for International Business Economics students) core modules (including the dissertation and research methods module) and three elective modules. Here is a breakdown of the postgraduate programme in more detail.

Part 1

Route core modules:

  • Financial Markets (30 credits) - The module will familiarise you with the key theoretical models relating to risk and return in financial markets. The module provides an introduction to the variety of financial instruments and how these instruments can be used by businesses both as a means of raising finance and for managing business risks. It also shows how speculators such as hedge funds can employ these instruments in the hope of making superior risk adjusted returns.
  • Business Economics (15 credits) - This module provides a basis in the core areas of business economics and the application of economic theories and tools to real-world business problems and policy issues. Underpinned by core microeconomics , this module provides a set of economic tools  and applies the latest thinking in economics to analyse economic policy and business situations.
  • Research Methods (15 credits) - The purpose of this module is to provide you with research training so that you can successfully draw up a Master's dissertation proposal and also be in a position to conduct independent but supervised research.
Route core for International Business Economics students only:
  • International Business Economics (core module for International Business Economics students) (15 credits) - This module is designed to give you a knowledge of the international economic environment within which businesses have to operate and an understanding of the process of globalisation.
Route core elective: (choose one of two)
  • Quantitative Methods (30 credits) - The module is designed to provide the necessary foundation in the essential statistical and quantitative techniques for the study of business economics. y will also be made familiar with appropriate statistical software that can be used for economics analysis.  The module covers a variety of techniques applicable to the presentation, interpretation and use of data. Estimation and hypothesis testing techniques of inferential statistics are an important part of the course. There is an emphasis on the use of Stata for analysis and presentation as well as on other software for more advanced econometric techniques.
  • Econometrics (30 credits) - This module is designed to provide you with a grasp of advanced level applied econometrics and econometric theory. The topics covered include simple and multiple regression; computational issues in econometrics; instrumental variables; models for solving sample selection; endogeneity problems and their solutions (proxy and instrumental variables); univariate and multivariate time-series models; panel data (fixed-effects, random-effects, dynamic panels) and limited dependent variable models and sample selection.

Part 2

Route core modules:

  • Economics Research Project (45 credits)- The aim of the project is to give you the experience and skills necessary to address a particular research problem relevant to economics. You will gain valuable experience in dealing with conceptual and methodological problems faced by researchers. You will obtain a deeper insight into the recent academic literature in the field. You will learn the skills to organise a research project and to select a research question. You will have the opportunity to work with empirical databases.
  • Economics Literature Survey (30 credits) - The aim of the project is to give you the experience and skills necessary to address a particular research problem relevant to economics. You will gain valuable experience in dealing with conceptual and methodological problems faced by researchers. You will obtain a deeper insight into the recent academic literature in the field. You will learn the skills to organise a research project and to select a research question. You will have the opportunity to work with empirical databases

Elective modules

  • Economics of Competition and Regulation (15 credits) - This module provides you with the necessary knowledge, understanding and skills to use a microeconomic approach in formulating, analysing and/or evaluating decisions in competition and regulatory policy.
  • International Business Economics (core module for International Business Economics students) (15 credits) - This module is designed to give you a knowledge of the international economic environment within which businesses have to operate and an understanding of the process of globalisation.
  • Economics and Business Strategy (15 credits) - This module aims to build upon the strategy concepts discussed as part of the Business Economics module.
  • E-commerce (15 credits) - This module is designed to give you a knowledge of the importance of e-commerce to modern business, of how this commerce affects companies, and of the broader economic issues that are raised by the internet.
  • Corporate Finance (15 credits) - This module is designed to give you a knowledge of the importance of corporate finance from both economic and business perspectives.
  • The Economics of Micro-Finance (15 credits) - This module is designed to provide you with an advanced understanding of the economic theoretical rationale and empirical evidence of the micro-finance phenomenon.
  • History of Economic Thought (15 credits) - The module provides an introduction to the history of economic thought, with special attention to the development of modern financial and monetary thought.
  • International Macroeconomics (15 credits) - This module is designed to extend and deepen your understanding of key issues relating to finance in open economy contexts.
  • Asset Pricing (15 credits) - The module provides an overview of the central topics in asset pricing and the Portfolio Theory, with a particular focus on the relationship between asset pricing and macroeconomic issues.
  • Health Economics (15 credits) - This module provides you with an understanding of the economic context within which health care is funded and provided and within which economic evaluation takes place.
  • Alumni - Economist
    Influencing UK transport policy
  • Alumni - Project Consultant
    Ensuring global compliance.
  • Student
    The course was not purely academic, there was access and knowledge to tools like Bloomberg and Reuters, which enhances your skills and increases your employability.

Career prospects

When it comes to employer recognition, City is well established. City has become synonymous with quality and the Government Economic Service regularly recruits postgraduate students from this programme. There is also a range of career service events across the School of Arts and Social Sciences and Cass Business School, which you can attend throughout the programme.

Our graduates include Yuliya Bashmakov, Senior Gas Control Scheduler for ExxonMobil and Youssef Intabli who is now working as an account manager at Bloomberg.

Some of our graduates also choose to study an Economics PhD programme. Find out more about our Economics research degrees.

85.7% of graduates in employment or further study six months after completing the course

Destinations of Leavers from Higher Education survey 2014-15

Application Deadline


To apply you will need to submit an application form, personal statement, an official copy of your undergraduate academic transcript and degree certificate and a copy of your passport

The Department of Economics does not require references when you submit your application. However, the Admissions Tutor might request them at a later date to help make a decision on your application.

If you have any enquiries please contact the Programmes Office:

Tel: +44 (0)20 7040 0248
Email: SASS-enquiries@city.ac.uk

Postgraduate Courses Offices
School of Arts and Social Sciences
City, University of London
Northampton Square
London
EC1V 0HB.

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