International Economics Graduate Programs

A graduate program in international economics can provide you with the skills to advance your career as a global economist or public policy maker capable of creating, evaluating and researching economic models to analyze trends in international trade. Read on for program options, prerequisites, areas of study and career prospects. Schools offering Economics degrees can also be found in these popular choices.

What International Economics Graduate Programs Are Available?

At the graduate level, you can pursue certificate or degree in international economics. Degree options include a Master of Arts or Science, a Master of Business Administration or a Doctor of Philosophy (Ph.D.). Some schools could offer online courses within the program, though nearly all require some on-campus attendance.

Graduate certificate programs can usually be completed in 3-6 months. Degree programs generally include substantially more research. Master's degrees can often be earned in 1-2 years. Doctoral studies can take up to seven years, depending on the school, your attendance level and the intensity of your research.

Degree Levels Master's and doctorate degrees available
Prerequisites Varies, depending upon intended program of enrollment; a bachelor's degree is required, and some schools may require relevant completed coursework
Key Topics Discussed Trade policy, monetary policy, financial markets, taxation policies, domestic consumption
Median Salary (2018)$104,340 (for economists)*
Job Outlook (2016-26)6% growth (for all economists)*

Source: *U.S. Bureau of Labor Statistics

Are There Prerequisites?

You're typically required to have a bachelor's degree to enroll in a master's degree program. Majors in economics, mathematics and business are relevant and could prepare you for advanced graduate-level training. While most schools don't require a specific undergraduate major, you might be required to complete prerequisite coursework in math and economics. Some doctoral programs will accept you if you have a bachelor's degree, but you might need to earn a master's degree or complete some graduate study before applying.

What Will I Learn in a Graduate Program?

International economics programs at the graduate level teach you how to research the flow of capital, labor, investment and trade among nations. You'll also acquire the qualitative and quantitative math and statistics skills to assign a value to these variables for the purpose of making an economic forecast. Certificate programs often follow a regimented curricula, offering core courses that introduce you to international economics. You can choose elective courses, such as country-specific trade relations, financial and trade agreements or comparative global policies.

Regardless of what type of graduate degree you pursue, courses often cover monetary policy, financial markets and trade policy. Master's degree programs provide you with the basic skills to conduct advanced international economics research. You'll learn how to evaluate trade balance of payments, finance, economic outputs and domestic consumption. After completing the first year of a master's degree program, you could be required to take exams on economic theory as well as prepare an econometrics project.

As a Ph.D. student, you're curricular flexibility allows you to pursue an area of study that most interests you. Some possible concentration areas cover the microeconomic and macroeconomic perspectives of public finance, labor or industrial organization. You can also learn how taxation policies affect consumer behavior, trade and industry trends.

How Will Graduate Studies Benefit Me?

The U.S. Bureau of Labor Statistics (BLS) stated that a graduate education is a common educational standard to work as an economist or in a related field that addresses public policy. According to the BLS, demand for economists was projected to increase six percent during the 2016-2026 decade (www.bls.gov). Jobs opportunities were expected to be because of the increased complexity of financial regulations, the global economy, and a more competitive business market. Decline was expected in the federal government, primarily due to the decrease in federal spending.

The BLS also reported median earnings of economists was $104,340 as of May 2018. The U.S. Department of Labor's career database, O*Net, indicated that 97% of economists employed in the U.S. held either a master's or doctorate degree in 2016 (www.onetonline.org).

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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