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  1. Business Economics / International Business Economics
    1. 2016
    2. 2017

Business Economics / International Business Economics

MSc |
Study the Business Economics / International Business Economics MSc at City and find out why postgraduate economics is about more than number crunching.

Key Information

Start date

September 2016

Duration

Full-time: one year

UK/EU

Full-time: £11,500

Non-EU

Full-time: £16,000

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.

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

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 the University’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.

English requirements

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

INTO English Language Programmes

If you need to improve your English language skills before you enter this course, INTO City University London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree. Please click the links below for more information:

Exemptions

If you are a citizen of, or undertook your Bachelors degree in, one of the following countries, you are exempt from the requirement to provide proof of English language proficiency:

  • Antigua and Barbuda
  • Australia
  • The Bahamas
  • Barbados
  • Belize
  • Canada
  • Dominica
  • Grenada
  • Guyana
  • Jamaica
  • New Zealand
  • St Kitts and Nevis
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad and Tobago
  • UK
  • The United States of America.

The above is a list of UKBA designated majority English-speaking countries. For more information see http://www.ukba.homeoffice.gov.uk/visas-immigration/studying/adult-students/can-you-apply/english-language/#

Due to changes in the UKVI's list of SELTs, we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

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
  • A personal statement explaining why you want to take this course and how your experience and academic qualifications make you a suitable applicant
  • An official copy (and certified English translation if relevant) of your undergraduate academic transcript, or a provisional transcript and translation if you have not yet completed your undergraduate degree
  • An official copy (and certified English translation if relevant) of your undergraduate degree certificate (if this is available)
  • If you have undertaken a postgraduate degree, an official copy (and certified English translation if relevant) of your postgraduate academic transcript and degree certificate
  • A copy of your passport.

You can submit the following later if it is not yet available:

  • Proof of meeting the English language requirement: proof of being a national of a country on the list of majority English-speaking countries; a certificate for a degree studied in a country on the list of majority English-speaking countries; or a copy of your IELTS results.

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.

Application forms

We strongly encourage you to apply online and upload scanned copies of your supporting documents:

If you are unable to apply online, you can download the application form here:

40%
of European multinationals are London-based – perfect for graduate employment.
60%
of the course is practice-based so you apply your learning.
27th
in the UK: our ranking for research excellence (Research Excellence Framework 2014).

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.

Graduate Loyalty Discount

The School of Arts and Social Sciences offer a 10% discount on tuition fees for all City graduates.

Marjorie Deane Financial Journalism Foundation

Every year the Marjorie Deane Financial Journalism Foundation offers one or two studentships, worth roughly £10,000 each, to students who have been accepted to do a Masters degree in Economics or Finance at a top UK university. The Foundation tends to favour applicants who have an interest in going into journalism, though this should not preclude others from applying. For further information, please see the Marjorie Deane website.

Scholarships

Scholarship opportunities will be available for UK/EU and international students looking to study postgraduate courses in the School of Arts and Social Sciences starting in September 2016. Further details will be published here shortly.

Student views

Former student Yuliya Bashmakova’s research project was published in a leading academic journal Energy Economics. She explored the relationship between oil price risk and the stock market returns of new members of the European Union during the programme. She now works as a Senior Gas Control Scheduler for ExxonMobil in London after gaining experience as an Oil & Gas analyst at Mirabaud Securities Limited.

Placements

Placements are not a formal requirement of this course.

Academic facilities

As part of the University of London you can also become a member of Senate House Library for free with your student ID card.

Learn a language for free

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

Find out how to apply

Teaching and learning

You will take part in lectures, seminars and computer lab sessions. In lectures, we introduce you to key theories, concepts and economic models. You will have the opportunity in seminars to solve applied problems, analyse case studies and discuss the latest academic research.

Assessment

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

You take five 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 One

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

Part Two

  • 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.
  • 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

There are excellent employment opportunities for economists in economic and management consultancies, multinationals, government agencies and in business and finance, particularly in the City of London.

Job destinations

Example of where some of our Economics graduates (from all MSc courses) are now working:

  • Data analyst, Abacus International
  • Human rights specialist, Alpha Bank
  • Barclays Bank
  • Research economist, Brava
  • Accountant, Confederation of British Industry
  • Market researcher, Deutsche Bank
  • Sales assistant, Ealing PCT
  • Research executive, Eli-Lilly
  • Senior health economist, Fidelity
  • Senior health liaison manager, Gallaher Ltd
  • Finance graduate trainee, I3 Innovus
  • Project manager, IM Health
  • Commercialist, Johnson and Johnson
  • Health economy liaison manager, Kovis d.o.o
  • Analyst, Network Rail
  • Project leader, NHS Business Service Authority
  • Marketing executive, Novo Nordisk
  • Customer relations officer, Oxford Outcomes Ltd
  • Health outcomes advisor, Research International
  • Assistant Director of performance and planning, Suits You
  • Collection agent, Synovate
  • Economist , Tomtah
  • Database office health economist, United Nations Development Programme.
85.7% of graduates in employment or further study six months after completing the course

Destinations of Leavers from Higher Education survey 2014-15


To apply you will need to submit:

  • An application form
  • A personal statement explaining why you want to take this course and how your experience and academic qualifications make you a suitable applicant
  • An official copy (and certified English translation if relevant) of your undergraduate academic transcript, or a provisional transcript and translation if you have not yet completed your undergraduate degree
  • An official copy (and certified English translation if relevant) of your undergraduate degree certificate (if this is available)
  • If you have undertaken a postgraduate degree, an official copy (and certified English translation if relevant) of your postgraduate academic transcript and degree certificate
  • A copy of your passport.

You can submit the following later if it is not yet available:

  • Proof of meeting the English language requirement: proof of being a national of a country on the list of majority English-speaking countries; a certificate for a degree studied in a country on the list of majority English-speaking countries; or a copy of your IELTS results.

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.

Application forms

We strongly encourage you to apply online and upload scanned copies of your supporting documents:

If you are unable to apply online, you can download the application form here:

Contact details

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