2020 applicants
Undergraduate Course

Integrated Master in Economics: International Economics

Now In Clearing
Integrated Master in Economics: International Economics

Overview

The details
International Economics
L132
October 2020
Full-time
4 years
Colchester Campus
Economics

How do different countries around the world trade, and what systems do they use? How much of an influence do historical events have on the development of international policies? Our course gives you a solid grounding in economics, and has a focus on international areas such as world trade, world economy, international monetary relations and the flow of trade and assets between countries. Our course is built on the core principles of economics, which are applied to your study of international trade, international finance, and the international institutions supporting these systems. You receive a thorough training in economics and mathematics up to post-graduate level, as well as training in quantitative research methods.

You study the mathematical and statistical analysis of economic problems, and how the global economy functions, choosing from a range of topics on international economics including:

  • Models of international trade and the world trading system
  • Foreign exchange markets
  • The history of European overseas trading
  • International financial organisations
  • The impact of business decisions on products, prices, and social welfare

We are top 5 in the UK for research, with over 90% rated as “world-leading” or “internationally excellent”. Much of this world-class research is related to policy, and we have particular strengths in the areas of, game theory and strategic interactions, theoretical and applied econometrics and labour economics.

The quality of our work is reflected in our stream of publications in high-profile academic journals, including American Economic Review, Econometrica, and Review of Economic Studies.

Why we're great.
  • We are Top 5 in the UK for our research excellence - you can learn from the best. (REF 2014)
  • 93% of our students from the Department of Economics expressed overall satisfaction with their course (NSS 2020).
  • We give you diverse employment potential and the chance to meet future employers
THE Awards 2018 - Winner University of the Year

Study abroad

Your education extends beyond the university campus. We support you in expanding your education through offering the opportunity to spend a year or a term studying abroad at one of our partner universities. The five-year version of our degree allows you to spend the third year abroad or employed on a placement abroad, while otherwise remaining identical to the four-year course. Studying abroad allows you to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised.

For students who commence their course in 2020, if you spend a full year abroad you’ll pay no tuition fees to Essex for that year. You won't pay any tuition fees to your host university either.

Placement year

Alternatively, you can spend your third year on a placement year with an external organisation, where you learn about a particular sector, company or job role, apply your academic knowledge in a practical working environment, and receive inspiration for future career pathways. You will be responsible for finding your placement, but with support and guidance provided by both your department and our Employability and Careers Centre.

If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.

Our expert staff

Study and work alongside some of the most prominent economists.

Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us. Our Department of Economics is a richly diverse home to staff and students from all over the world who have a strong sense of belonging and want to think, learn and change the world together.

Many of our researchers also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

Take advantage of our extensive learning resources to assist you in your studies:

  • Extensive software for quantitative analysis is available in all computer labs across the university
  • Access a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library
  • A comprehensive online learning environment (moodle) for each module
  • A top class computer Lab (ESSEXLab) to run economic research experiments

Your future

Many employers want economists with critical thinking skills who can tackle large data sets and practical problems. Our course helps you to become more employable and takes you closer to that dream job or postgraduate course when you graduate.

Our students are in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy.

Our recent graduates have gone on to work for a wide range of high-profile companies including:

  • Bank of England
  • Barclays Capital
  • Citigroup
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • Bank of New York
  • Santander

We also work with the University’s Student Development Team to help you find out about further work experience, internships, placements, and voluntary opportunities.

Entry requirements

Clearing entry requirements

Specific entry requirements for this course in Clearing are not published here but for most of our degree courses you will need to hold a Level 3 qualification. If you are interested in applying and have already received your results, use our Clearing application form to apply for 2020 entry and find out if you are eligible. You will be asked to provide details of your qualifications and grades.

Structure

Example structure

We offer a flexible course structure with a mixture of compulsory and optional modules chosen from lists. Below is just one example structure from the current academic year of a combination of modules you could take. Your course structure could differ based on the modules you choose.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change. To view the compulsory modules and full list of optional modules currently on offer, please view the programme specification via the link below.

Introduction to Economics

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

View Introduction to Economics on our Module Directory

Methods of Economic Analysis (optional)

What mathematical techniques are required for a modern economics degree? Do you have the mathematical tools to attack economic problems? If you are worried that your mathematical background could hold you back, then learn the mathematical skills needed when studying problems of economic interest.

View Methods of Economic Analysis (optional) on our Module Directory

Introduction to International Relations (optional)

This module introduces students to the study of international relations, with a particular emphasis on two broad fields: international security and international political economy. Topics in international security include state and non-state actors, the nature of power, the causes of war and peace, terrorism, international institutions, and human rights. Topics in international political economy include trade, finance, European integration, the origins of underdevelopment, government responses to disasters, and foreign aid. Throughout the class, students are encouraged to apply theoretical concepts to real world events.

View Introduction to International Relations (optional) on our Module Directory

Institutions of Democracy (optional)

What rules affect political action? You explore how institutions and the rules they enforce, for example voting under a specific electoral system, affect political and economic outcomes, and whether these are ultimately only second-best solutions to collective action.

View Institutions of Democracy (optional) on our Module Directory

Introduction to United States (optional)

American politics have long dominated the global stage; these are crucial times for the study of the United States. Discuss policymaking and contemporary political events in order to gain a basic introduction to the politics and government of the United States.

View Introduction to United States (optional) on our Module Directory

Matrices and Complex Numbers (optional)

Can you perform simple operations on complex numbers? How do you solve systems of linear equations using row operations? Can you calculate the determinant and inverse of a matrix? Understand the basics of linear algebra, with an emphasis on vectors and matrices.

View Matrices and Complex Numbers (optional) on our Module Directory

Macroeconomics (Intermediate)

What tools can you use for macroeconomic analysis? And how can these then be applied to macro-policy issues? Learn how to build alternative macroeconomic models and apply analytical reasoning. Examine real-life macroeconomic questions, on topics such as government budgets or wage-price flexibility, and critically evaluate macroeconomic policies.

View Macroeconomics (Intermediate) on our Module Directory

Microeconomics (Intermediate)

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

View Microeconomics (Intermediate) on our Module Directory

International Financial Institutions and Policy

Want to know more about the IMF or the Federal Reserve? Interested in the European Central Bank and the European Stability Mechanism? Examine these international financial institutions to evaluate their existence, policies and effects on the international monetary system. Understand the institutional framework within which international financial relations are organised.

View International Financial Institutions and Policy on our Module Directory

International Trade Institutions and Policy

Which institutions control international trade? How are they organised? What are their objectives? And why are some of their activities deemed controversial? Study the world trading system since World War Two, learning about the most important issues in international trade policy and deepening your knowledge of the global economy.

View International Trade Institutions and Policy on our Module Directory

Mathematical Methods in Economics

What mathematical methods can analyse economic problems? And what mathematical tools are needed to understand economic models? Gain an introduction to the mathematical methods commonly used in economics, build your knowledge of mathematical tools for work in economics and develop your understanding of the mathematical language used in economic literature.

View Mathematical Methods in Economics on our Module Directory

Introduction to Econometric Methods

Which econometric methods can analyse economic data? How do you critically assess applied economic literature? Learn how to carry out statistical and econometric calculations, plus gain experience of using the Stata software package. Demonstrate your subsequent understanding of the linear regression model with your own investigation on an empirical issue.

View Introduction to Econometric Methods on our Module Directory

The Economic Geography of Employment, Innovation and Trade

What shapes international trade? And what determines trade policy? Study theories and empirical evidence of international trade, and examine recent research on trade patterns and strategic trade policies. Understand discussions of international trade in the business press and express your own opinion on such issues.

View The Economic Geography of Employment, Innovation and Trade on our Module Directory

International Money and Finance

How do foreign exchange markets determine trade? Understand the economic role that international currency markets play. Study models to interpret exchange rate movements and how this links to key macroeconomic variables. Analyse real-life policies that respond to events in the international monetary system.

View International Money and Finance on our Module Directory

Project: Economics

What interests you? Design and implement your own research project, under the guidance and supervision of our world-leading academic staff. Demonstrate your knowledge of economic ideas in greater depth, building your professional research skills and developing further understanding of a topic that fascinates you.

View Project: Economics on our Module Directory

Career Skills in Economics

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

View Career Skills in Economics on our Module Directory

Economic Growth: historical perspectives on technological change (optional)
Economics of the European Union (optional)

What are the important policy problems facing the European Union today? Issues like trade, unemployment, monetary policy? And how can you apply economic theory to these concerns? Gain an insight into the complex and fascinating process of economic integration within the European Union.

View Economics of the European Union (optional) on our Module Directory

Environmental Economics (optional)

Can economic analysis be applied to environmental issues? And to environmental policies? Understand the strengths and weaknesses of economic analysis when applied to the environment. Learn to design policies that result in positive environmental outcomes in the modern world.

View Environmental Economics (optional) on our Module Directory

Introduction to Health Economics and Policy (optional)

Why does the government play such an important role in the health care sector? How does the patients’ lack of information affect medical prices? Can we use economics modules to understand the rationale for risky behaviours, such as smoking? These are some of the questions you will try to answer during this module, building on your insights of microeconomic theory, and covering a broad range of concepts, theories, and topics related to the economics of healthcare.

View Introduction to Health Economics and Policy (optional) on our Module Directory

Econometric Methods

Wish to conduct your own research using econometric methods? Understand econometric methods and learn to apply them to a wide variety of situations. Examine methods of linear regression and hypothesis testing. Study time series concepts of unit roots and co-integration. Explore ideas around simultaneous equation models and panel data models.

View Econometric Methods on our Module Directory

Mathematical Methods

What mathematical concepts are vital to understanding modern economic theory? Gain the essential mathematics skills needed to study economics at Masters-level, such as optimisation theory and the role of equilibrium. Understand how economic arguments work and improve your problem solving skills by using real-world economic problems.

View Mathematical Methods on our Module Directory

The Economic Geography of Employment, Innovation and Trade

What are the economics of international trade? And why is this important? Understand the principles that determine international trade and study a range of trade models. Learn how to carry out advanced research or work as a policy advisor on issues related to international trade.

View The Economic Geography of Employment, Innovation and Trade on our Module Directory

International Finance

What are the main uncertainties for international financial markets? What causes a currency crisis? How do you deal with global imbalances? Understand the analytical tools used in the field of international macroeconomics and finance. Demonstrate how such tools can be applied by examining key policy issues of interest today.

View International Finance on our Module Directory

Behavioural Economics I: Individual Decision Making (optional)

How do individuals make decisions? When does classic economic theory not predict empirically observed behaviour? And how do you then use behavioural economics to reconcile your empirical findings with theoretical models? Learn about empirical and theoretical research in behavioural economics that can be used to explain individual decision making.

View Behavioural Economics I: Individual Decision Making (optional) on our Module Directory

Teaching

  • Teaching is arranged to allow freedom in how you organise your learning experiences
  • After receiving a general overview of a topic in your two-hour weekly lecture, you discuss and solve the issues it raises in a class with 15 to 20 fellow students
  • Optional support classes

Assessment

  • You are assessed each year through a mixture of coursework and end-of-year examinations
  • The balance is set at 50% coursework and 50% exam
  • For many of your second- and final-year modules, coursework takes the form of an extended essay
  • Complete your final year project in consultation with a personal supervisor

Fees and funding

Home/EU fee

£9,250

International fee

£16,860

Fees will increase for each academic year of study.

Home and EU fee information

International fee information

What's next

Open Days

Our events are a great way to find out more about studying at Essex. We run a number of Open Days throughout the year which enable you to discover what our campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to book a campus tour here.

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision. There’s no need to call us to apply; just do it all online.

Find out more about Clearing

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism
  • BSc Nursing (Adult)
  • BSc Nursing (Mental Health)
  • BA Social Work

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have. Further details will be emailed to you if you are shortlisted for interview.


Apply now
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