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Master en PhD opleidingenInternational Economics and Business
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International Economics and Business

Do you want to understand the opportunities and challenges posed by globalisation for economic development of countries? Then this programme is for you.

**Best MSc International Economics and Business in the Netherlands - Higher Education Guide Masters 2018 **

Important to know

As of September 1, 2019, the MSc in International Economics and Business will change its name to MSc in Economic Development and Globalization . Please note that the content of this study programme will remain the same. With this name change, our goal is to provide you with a clearer understanding of what this Master programme has to offer. The MSc in Economic Development and Globalization will give you a better understanding of economic development in a broad sense, including living standards and their growth rate, but also topics such as inequality. When analyzing economic development, we are particularly interested in the role of globalization. This is also a broad term that covers trade in goods and services as well as international investment and capital flows.

Increasing international trade and finance is opening up new opportunities for 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 International Economics and Business you will learn the tools to grasp the complex relationships between globalisation 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).

Facts & Figures
Degree
MSc in International Economics and Business
Course type
Master
Duration
12 months (60 ECTS)
Croho code
60648
Language of instruction
English
Start
February, September
Faculty
Economics and Business
Why study this programme in Groningen?

In the programme you learn how globalisation 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? International Economics and Business 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.

Programme

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.

CoursesCourse Catalog >
Economic Development (5 EC)
Elective(s) MSc IE&B A (15 EC)
Elective(s) MSc IE&B B (10 EC)
Foreign Direct Investment & Trade (5 EC)
Master's thesis (20 EC)
Research Seminar for IE&B (5 EC)
CoursesCourse Catalog >
2nd year, Double Degree option: Applied International and Development Economics (Göttingen) (60 EC, optional)
2nd year, Double Degree option: Central-East European Economies (Budapest) (60 EC, optional)
2nd year, Double Degree option: China and the World Economy (Shanghai) (60 EC, optional)
2nd year, Double Degree option: Economic Development and Growth (Lund) (60 EC, optional)
Programme options
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 - 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.

More information about this option

DDM - Applied International and Development Economics (Göttingen) (specialization)

The two-year double-degree master focuses more on economic development of low-income countries and a more microeconomic perspective on inequality, poverty and growth.

More information about this option

DDM - China and the World Economy (Fudan) (specialization)

The Chinese year of this two-year double-degree focuses on a variety of themes relating to the economy of China and China's role in the world economy.

More information about this option

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.

More information about this option

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.

More information about this option

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.

More information about this option

Study abroad

  • Study abroad is optional

Study abroad is only compulsory when you choose one of the Double Degree Masters.

Entry Requirements

Admission requirements

Specific requirementsMore information
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 Administration, Econometrics and Operations Research, Economics and Business Economics, International Business.

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/nl-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

Transfer options

Study programmeOrganizationTransition
Business EconomicsAll Research universitiesNo additional requirements
Econometrics and Operations ResearchAll Research universitiesNo additional requirements
Economics and Business EconomicsAll Research universitiesNo additional requirements
International BusinessAll Research universitiesNo additional requirements
Technologie ManagementAll Research universitiesNo additional requirements
Study programmeOrganizationTransition
Business AdministrationUniversity of Groningen

Additional requirements

More information:

with completed minor IE&B

Admission requirements

Specific requirementsMore information
certified competences

GMAT/GRE; for specific scores (and exemptions), see http://www.rug.nl/feb/education/admission-application/intl-route/1

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: http://www.rug.nl/feb/education/admission-application/intl-route/1

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: 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

Language requirements

ExamMinimum score
C1 Advanced (formerly CAE)C1
C2 Proficiency (voormalig CPE)C2
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
15 October 201901 February 2020
01 June 202001 September 2020
15 October 202001 February 2021
EU/EEA students01 May 201901 September 2019
15 October 201901 February 2020
01 May 202001 September 2020
15 October 202001 February 2021
non-EU/EEA students01 May 201901 September 2019
15 October 201901 February 2020
01 May 202001 September 2020
15 October 202001 February 2021
Tuition Fees
NationalityYearFeeProgramme form
EU/EEA2018-2019€ 2060full-time
non-EU/EEA2018-2019€ 14350full-time
EU/EEA2019-2020€ 2083full-time
non-EU/EEA2019-2020€ 14600full-time
After your studies

Job prospects

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 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 IE&B 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 IE&B offers a consistent international setting both in terms of content and orientation at 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.

Research

Linking education to research and career preparation

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 IE&B:

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.

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Contact

If you want to know more about the programme International Economics and Business, please contact:

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  • 
								Testimonial of Biying Jiang

    "Best study of all"

    – Biying Jiang
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    Having obtained three university degrees in scientific fields, I experience the International Economics and Business study as being the best study of all. It is very inspiring and will stand me in good stead for my future career.

    "I started my university life when I was sixteen. Having obtained three university degrees in scientific fields, I experience the International Economics and Business study as being the best study of all. It is very inspiring and will stand me in good stead for my future career.

    The International Economics and Business degree programme at the University of Groningen is a good learning programme. The courses are both interesting and informative. Besides plenary lectures, courses are taught in small groups, a teaching method I like because it is a good way to gain knowledge and understanding. I really like the way the courses are structured. Moreover, I can study in an international environment, meet students from many different nations, and gain valuable experience living abroad.

    I have been elected Chairperson of the student association of IE&B. This has not only been beneficial for my fellow students, for whom I have planned various activities, including organising a symposium, it has also been an enriching experience for me in that it has shaped my personality and increased my leadership skills. Moreover, Groningen is a city with an interesting student life that provides a good environment for international students to study and live."

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Study associations

EBF

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.
https://www.ebfgroningen.nl/

Master Community - IE&B

Make the most of your master by getting to know your fellow students and prepare for your future career.
https://www.ebfgroningen.nl/mc-ieb/
Read more
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.