Do you want to understand the opportunities and challenges posed by globalization for economic development of countries? Then this programme is for you.
Increasing international trade and finance is opening up new opportunities for the growth of firms, regions and countries. At the same time, it is posing new challenges as the benefits are not equally distributed and inequality is rising. In the one-year Master's degree in Economic Development and Globalization, you will learn the tools to grasp the complex relationships between globalization and the economic development of regions and countries.
You will use state-of-the-art economic theories to discover the impact of global trade and of financial globalisation on economic growth and welfare. As you develop your skills, you will learn to recognise the forces that shape geographical patterns of economic activity. You will learn to advise firms and governments on how to reap the benefits of globalisation and international value chains.
For those seeking to augment the one-year programme in Groningen, there are four possibilities to follow a Double Degree: with Fudan University (Shanghai), the University of Göttingen (Germany), Lund University (Sweden) and Corvinus University (Budapest).
In the programme you learn how globalization is changing our world. What is the role of internationally operating organisations, institutions and policies in economic advancement and in bridging the global development gap? The MSc in Economic Development and Globalization is an internationally accredited programme, ensuring a high-quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.
The programme offers two profiles: 'Globalization, Growth and Development' and 'International Capital and Globalization'. You choose a specific set of electives, write your master's thesis on a topic within that theme and receive a certificate as a supplement to your degree.
You can also choose your own selection of electives and follow your own interests (subject to certain conditions). The programme aims to train students in economic analysis and decision-making in national and international organisations, such as multinationals, financial institutions, consultancy firms as well as government agencies and policy advisory agencies.
Students will acquire the very latest knowledge on topics like international trade, growth and development economics and the theory of banking and of international capital flows and apply the theories to real-world problems. After graduating, students will be able to apply this knowledge in different settings and interpret the interrelationship between the knowledge areas. Presenting, discussing and learning from current research is incorporated throughout the programme. Learn to understand and contribute to the current economic debate and link this to economic theory, by thinking and writing critically.
|Economic Development (5 EC)|
|Elective(s) MSc ED&G A (15 EC)|
|Elective(s) MSc ED&G B (10 EC)|
|Foreign Direct Investment & Trade (5 EC)|
|Master's thesis (20 EC)|
|Research Seminar for ED&G (5 EC)|
|Double Degree option: Applied International and Development Economics (Göttingen) (60 EC, optional)|
|Double Degree option: Central-East European Economies (Budapest) (60 EC)|
|Double Degree option: China and the World Economy (Shanghai) (60 EC, optional)|
|Double Degree option: Economic Development and Growth (Lund) (60 EC, optional)|
|Globalization, Growth and Development (profile)
The global production system is increasingly becoming more fragmented. This raises some important questions. Is manufacturing located in developed or developing countries? And do fragments have a natural home-base, for example, R&D in developed countries and assembly in developing countries? Some firms participate in this process, others do not. What determines the internationalization choices of firms? What is the role of distance, transportation costs, or language and culture when making these choices? Increasing country specialization has consequences for local labour markets. Are labour markets becoming increasingly specialized as well? Are they becoming more globally integrated, just like commodity markets? In this profile, students will learn to use tools and methods to answer such questions and to independently carry out analyses of the causes and consequences of globalization.
|International Capital and Globalization (profile)
There has been high economic growth with increasing financial fragility since the 1990s worldwide. This was followed by credit crises and recessions in much of the Western world since 2007 and the threat of crisis elsewhere (e.g. China). Students study these developments based on theories of banking, financial markets, international capital flows and exchange rates. How have financial markets and their regulation changed in recent decades? How have changes in exchange rates and capital flows affected policies, for example with respect to the euro area? When is financial development good for economic growth and stability and when does it lead to financial crisis and recession? When do international capital flows contribute positively to an economy and when do they cause harm? What caused the euro crisis and how do we evaluate alternative solutions? In this profile, students will learn to use tools and methods to answer such questions and to independently carry out analyses of the causes and consequences of (financial) globalization.
|DDM - Central-Eastern European Economics (Budapest) (specialization)
The two-year double-degree master combines international business and international economics topics, with a special focus on issues of economic transformation and integration.
|Energy Focus Area (specialization)
Focus your MSc on Energy and open up extra career opportunities. The Energy Focus Area requires you to complete two of four possible electives and write an MSc thesis on an energy topic.
|Master Internship (specialization)
Opportunity for an internship between February and June. You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the first semester of your next study year.
|DDM - Applied International and Development Economics (Göttingen) (specialization)
The two-year double-degree master focuses more on the economic development of low-income countries and a more microeconomic perspective on inequality, poverty and growth.
|DDM - Economic Development and Growth (MEDEG, Lund) (specialization)
This two-year double-degree master combines the analysis of economic development from a long-run, historical perspective with a range of courses in economics and demography.
|DDM - China and the World Economy (Fudan) (specialization)
This two-year double-degree focuses on a variety of themes related to the economy of China and China's role in the world economy.
|Economics and Business Economics||All Research universities||No additional requirements|
|Econometrics and Operations Research||All Research universities||No additional requirements|
|International Business||All Research universities||No additional requirements|
|Business Economics||All Research universities||No additional requirements|
|Specific requirements||More information|
GMAT/GRE; for specific scores (and exemptions), see http://www.rug.nl/feb/education/admission-application/intl-route/1
A certified grade list(s) is considered in the evaluation.
TOEFL internet based (IBT): 90, IELTS Academic: 6.5; for specific scores, see: http://www.rug.nl/feb/education/admission-application/intl-route/1
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: http://www.rug.nl/feb/education/admission-application/intl-route/1
If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office
|C1 Advanced (formerly CAE)||C1|
|C2 Proficiency (formerly CPE)||C2|
|IELTS overall band||6.5|
|TOEFL paper based||580|
|TOEFL computer based||237|
|TOEFL internet based||90|
|Type of student||Deadline||Start course|
|Dutch students||01 June 2019||01 September 2019|
|15 October 2019||01 February 2020|
|01 June 2020||01 September 2020|
|15 October 2020||01 February 2021|
|EU/EEA students||15 October 2019||01 February 2020|
|01 May 2020||01 September 2020|
|15 October 2020||01 February 2021|
|non-EU/EEA students||15 October 2019||01 February 2020|
|01 May 2020||01 September 2020|
|15 October 2020||01 February 2021|
Practical information for:
After completing this programme you are a broadly-oriented economist with a strong international profile. You are ready for an international career at multinational firms, in financial institutions, consultancy and public organisations. Jobs such as market analyst, trade expert, global strategy and policy advisor will suit you well. Because all our programmes are EQUIS and AACSB accredited, which only 1% of universities reach worldwide, your degree will be highly valued on the labour market.
Graduates of the MSc ED&G will be able to take up positions in internationally oriented firms (such as banks and multinationals), international organisations (such as World Bank, IMF, European Union, UN and OECD) and internationally oriented departments of government agencies and policy advisors. The programme is focused on developing the kind of skills and abilities needed by those who work as professional economists and economic advisers.
The MSc ED&G offers a consistent international setting both in terms of content and orientation at a high level. Graduates are selected to participate in high-level research activities of international organisations (such as the OECD in Paris, Conference Board in New York, and the ILO in Geneva) and national organisations (such as the Dutch Central Bank and The Netherlands' Bureau for Economic Policy Analysis). Our academic staff have strong relationships with international research and consultancy institutes as well as policy advice centres.
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.
Our education is strongly rooted in society. Right from the start of the degree programme, attention is paid to academic research and 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 labour 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.
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 advisor's are available to help you. Obviously, everything discussed with the study advisor remains confidential.