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EducationMaster's and PhD degree programmesInternational Economics and BusinessDDM Central-East European Economies
Header image DDM Central-East European Economies

DDM Central-East European Economies

This double degree (with Corvinus University Budapest) combines international business and international economics topics, with a special focus on issues of economic transformation and integration.

For a career in international management or public policy you have to understand the trends in the world economy, including the European Community and the CEE region. The degree programme is offered jointly by the University of Groningen, the Netherlands and Corvinus University in Budapest, Hungary.

Topics of the programme range from international trade and investment to the consequences of globalisation for strategic decision-making, in particular trade and capital flows in relation to multinational enterprises, and the socio-economic and institutional differences between countries, with a special focus on the CEE-region.

You are trained to become broadly oriented economists with a strong international profile and a deep analytical understanding of the main current trends in the global world of international (economic) policy and business organisations, ranging from the fields of international business and economics to international politics and international law.

The core content of the programme reflects the increasing globalisation and continuous evolution of international economics and business management.

Facts & Figures
MA/MSc in International Economics and Business
Course type
Double Degree master
24 months (120 ECTS)
Croho code
Language of instruction
Economics and Business
Why study this programme in Groningen?

This unique combination of two degrees, in Groningen and Budapest, focuses on economic transformation and integration of CEE countries. The programme gives an analytical approach to the global economy and international policy. The programme is internationally accredited, ensuring a high quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.


You will take semester 1 in Groningen, where you will get 30 ECTS worth of compulsory and elective courses from the MSc Economic Development and Globalization (formerly known as MSc International Economics and Business). You will spend Semester 2 in Budapest where you will follow CEE core and specialisation courses from the master in International Economy and Business.

CoursesCourse Catalog >
Core elect./electives DD MSc IE&B - CUB (15 EC)
Economic Development (5 EC)
Foreign Dir. Investment & Trade (5 EC)
Research Seminar for IE&B (5 EC)
Study at CUB, Budapest (30 EC)

Semester 3, in Budapest, is also dedicated to CEE core and specialisation courses from the master in International Economy and Business. In Semester 4, in Groningen, you will take 10 EC core elective courses, and dedicate 20 EC to your Master's thesis (under FEB supervision, and graded by Groningen and Budapest lecturers).

After completing the programme you earn two master's degrees. Normally, the MA in International Economy and Business at Corvinus takes two years, but via our Double Degree Master, it will take you only two years to earn both degrees, instead of three

CoursesCourse Catalog >
Core elect./electives DD MSc IE&B - CUB (10 EC)
Master's Thesis IE&B (20 EC)
Study at CUB, Budapest (30 EC)


Check for in-depth info on all courses:

Possible electives:

  • Growth and Development Policies
  • International Banking and Finance
  • Global Finance and Growth
  • Trade, Environment and Growth
  • Economic Geography
  • Country Studies
Programme options
Energy Focus Area (specialization)

Focus your MSc on Energy and open up extra career opportunities. There are two steps to the Energy Focus Area-

1) complete two of four chosen electives 2) write and round off an MSc thesis on an energy topic

More information about this option

Study abroad

  • Study abroad is required
  • Maximum of 60 EC

Our double degree partner is Corvinus University, Budapest, Hungary

Entry requirements

Admission requirements

Specific requirementsMore information
certified competences

GMAT/GRE; for specific scores (and exemptions), see

grade list

A certified grade list(s) is considered in the evaluation.

language test

TOEFL internet based (IBT): 90, IELTS Academic: 6.5; for specific scores see:

previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Business Economics, Business Administration, Econometrics and Operations Research, Economics and Business Economics, International Business, Technology Management.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained.

For more information, see:

If you have any questions concerning admission, please contact our Admissions Office:

For students comings from the CUB, the admission requirements for this specialisation are the same as those for the MA in International Economy and Business.

Language requirements

ExamMinimum score
IELTS overall band6.5
IELTS writing6.5
IELTS speaking6
TOEFL paper based580
TOEFL computer based237
TOEFL internet based90

Application deadlines

Type of studentDeadlineStart course
Dutch students01 June 201901 September 2019
01 June 202001 September 2020
EU/EEA students01 May 202001 September 2020
non-EU/EEA students01 May 202001 September 2020
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2019-2020€ 2083full-time
non-EU/EEA2019-2020€ 14650full-time

The tuition fees above are for the one year studying in Groningen. For an estimation of the total tuition fees for the double degree, please see DD fees:

Practical information for:

After your studies

Job prospects

This double degree programme has been designed for individuals who aspire to a career in national, international, multinational or transnational institutions and enterprises. Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide, your degree will be highly valued on the labour market.

Examples of positions you are eligible for are:

  • international economist and strategy expert in a multinational corporation.
  • staff member with an (inter)national governmental organisations such as IMF, World Bank, OECD, WTO, ECB, ODI or the EU
  • professional economist on development and Central-East European transition economic issues in international agencies, governments or the private sector
  • economic consultant with an (inter)national governmental organisation
  • business consultant with an internationally operating consultancy firm

FEB Career Services
To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies. Check: FEB Career Services.


Linking education to research and career preparation

Our education is strongly rooted in business practice and society. Also right from the start of your degree programme attention is paid to academic research and pre-professional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.

The teachers in this programme are all active researchers in the Global Economics and Management research group, in the area of international economics, and several of them collaborate in the renowned Groningen Growth and Development Centre. The following (full) professors teach in the MSc ED&G:

Marcel Timmer focuses on international production fragmentation in global value chains and its impact on labor markets and economic growth. He has published in the economic profession’s top journals, including the American Economic Review, and he has conducted extensive grant research, funded by the NWO and the European Commission.

Steven Brakman is an expert in the field of economic geography, including as co-editor of the Journal of Regional Science. He frequently contributes to the public debate, including on Brexit, Trump’s trade war and trade agreements. He has published extensively and authored textbooks on international economics and economic geography.

Dirk Bezemer studies the interaction between the financial system and the rest of the economy, focusing on the role of debt. His research is published in numerous journals and he has been funded by the Institute of New Economic Thinking. He is also a columnist in the Dutch periodical De Groene Amsterdammer.

Bart Los’ area of expertise is on the interlinked nature of (regional) economies and the impact of such linkages on trade patterns and economic outcomes, such as economic growth and employment. He has published widely, is the editor of Economic Systems Research and has contributed to the public debate on the consequences of Brexit.

Robert Inklaar’s research is on the causes and consequences of productivity growth, including the impact on broader welfare. His research has appeared in a range of top economic journals and his work on developing the Penn World Table and Maddison Project Database is used extensively around the world.

Erik Dietzenbacher is an authority in the field of input-output analysis, including as president of the International Input-Output Association. His research has improved the tools for input-output analysis and these have been applied in such areas as international trade and environmental economics.

Harry Garretsen combines research in international economics with research on management and leadership. In this latter role, he is one of the directors of the In the LEAD centre of expertise. He is also a sought-after expert, including on the Bankraad, the advisory board of the Dutch Central Bank.

In collaboration with external partners we conduct research projects on e.g banking, local government, customer insights, leadership, energy, healthy ageing and lean operations.

Research institutes related to the MSc programme:

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If you want to know more about the programme DDM Central-East European Economies, please contact:

Study associations


The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.
The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.

Master Community - IBM

Make the most of your master by getting to know your fellow students and prepare for your future career.
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Study support

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.