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MSc International Business Economics


Oxford Brookes Business School

The MSc in International Business Economics enables you to study a combination of business and economic subjects. You will develop the ability to understand causal relationships between various economic variables, critically evaluate the strategic decision-making process in business, and have an insight into global business policy issues.

This course aims to provide you with the quantitative and economic analysis skills to understand underlying economic principles and gain insight into the way institutions and business practices operate in an international context.

There are excellent employment prospects for economists with these skills in business and finance, government agencies and management consultancy.

You may also be interested to have a look at our Finance, Business Management and Finance and Business Management courses. 

If you don't meet the entry requirements for our degrees, or if you would like more preparation before you start, you can take one of our pathway programmes.


Please come to our Postgraduate Open Day or Master's Online Information Session

Available start dates

September 2019 / September 2020

Teaching location

Headington Campus

Course length

  • Full time: 12 months
  • Part time: 2 years

For full application details, please see the 'How to apply / Entry requirements' section.

  • Programme focus: This programme is designed for those who have not formally studied for a degree in economics or business who would like to increase their understanding in both those subjects. However, the programme will equally appeal to you if you have a general background in economics, business and management studies and want to specialise further in international business and financial economics.
  • Employability: In an increasingly competitive job market, a globally focused qualification such as the MSc in International Business and Economics is highly desirable. This programme provides you with the quantitative skills and economic analysis skills, together with a multicultural learning environment in order to prepare you for a career as a professional business analyst or manager in the private sector, government agencies, multinational corporations and international institutions. On the practical side, our Careers Centre offers support in developing CV and interview skills, and provides regularly updated job vacancy information.
  • Teaching and Learning: Oxford Brookes University Business School offers a great environment for studying Business and Economics. We have a track record of excellence in teaching, learning and research and you will be supported in your studies and beyond. Our Business School has received the top award from the Higher Education Funding council for England to become a Centre of Excellence in Teaching and Learning.
  • Oxford Location: Oxford offers everything you could want as a student and more. As one of the world’s great centres of learning, it is a bustling city. Located just over an hour from the hub of business life in London with easy access to international airports, you'll be at the heart of the UK's most successful economic region. Oxford will provide you with a host of learning and employment opportunities with a range of internships and graduate jobs available 
  • Expert academics: You will be taught by experts in the fields of economics, business and finance. They are renowned researchers and teachers who bring a global perspective from their experiences all round the world. On this course you will be taught or supervised by Dr Dimitrios Asteriou,  Dr Yoko Nagase, and Dr Gabor Lukacs.
  • Student support: You will be assigned to an Academic Adviser who will provide both academic and personal support. Student Support Co-ordinators provide guidance for your course and university-wide administrative issues. They organise a range of events to help you adjust to postgraduate studies and are able to help you get advice about any issues you may have during your studies. 

For more information about postgraduate study at the Business School, come to one of our Business School Open Days, or visit our web pages.

This MSc is based on the completion of the following compulsory modules.

Please see the course structure chart for more information.

Principles of International Business Economics: This module introduces you to the key concepts of economics. Subsequently, you will focus on the topics of economics that are essential in understanding how businesses function internationally and how they interact with the external environment. You will examine the strategic pricing-output decisions of a firm in different market structures as well as the characteristics and the institutions of international markets.

Quantitative Methods for Business and Economics: In this module we provide you with a foundation in the essential statistical and quantitative techniques for the study of economics and business. It covers basic and advanced statistical methods, both descriptive and analytical, including applications from business, accounting & financial economics. You will also become familiar with statistical software used for such analysis.

Financial Markets and Institutions : You will be taught about the way markets and institutions link the users and providers of funds within financial systems. You will focus on asset pricing and market efficiency issues. You will study the effects that globalisation, technical innovation and regulatory change have on institutions.

International Finance:  This module aims to focus on the systematic and comprehensive understanding of international financial system. In particular, the module examines the operation of foreign exchange markets and derivative markets, the main theories of exchange rate determination and speculative attacks, and issues on currency risk management with modern instruments of hedging. The approach taken involves critical evaluation and practical application of theoretical and empirical developments in the field of international finance.

International Trade and Globalisation: Increasingly, businesses have to operate in an environment where commodity and capital markets are highly integrated. Awareness of the issues surrounding globalisation allows you to make informed decisions in a business context. You will explore the theoretical and empirical framework, which will enhance your awareness of the issues of globalisation. You will study international trade theory and recent patterns in international trade.

Research project:  On this module you incorporate research methods and a research project. This is a key component of the master's degree. The project provides you with an opportunity to explore a specialist area in depth. You have a choice to undertake a traditional dissertation or follow a structured research project which incorporates both theoretical and applied research. You will be provided with guidance and advice throughout the process.

As well as these compulsory modules a range of optional modules is available. The choice is made in consultation with the Programme Lead and in accordance with the rules laid down for the award

Elective modules

Applied Financial Econometrics This module is designed to provide students with vigorous training in applied financial econometrics. It covers topics on characteristics of macroeconomic and financial data and the use of econometric packages for data analysis, estimation and interpretation of the results. 

Corporate Governance and Social Responsibility: In this module you will learn about alternative perspectives on strategic management and corporate governance. This will encompass stakeholder issues including ethics, sustainability and corporate social responsibility (CSR). You will develop your understanding of approaches to solving problems when governing in the corporate sector. Your studies will consider current issues and consider the social implications of governance. You will also focus on the impact of globalisation on international management practices. You will be equipped with the knowledge to enhance management decisions involving ethical choices. Finally, you will consider your assumptions about the role of managers and organisations in a complex and challenging context through the exploration of contemporary issues in CSR.

Global Strategic Management:  Strategic management is the process by which managers formulate and implement strategies to generate high performance. In this module you will develop your understanding of the managerial strategic challenge; how to deliver sustainable competitive advantage. You will engage in critical evaluation of the key strategic issues. You will consider the wider economic environment and explore why strategy is important, how organisations make strategic decisions through the processes of analysis, choice and responsible and ethical management and leadership.

Operations and Process Management:  In this module you develop your understanding of an organisation’s ability to deliver goods and services of the quality, quantity and cost that will satisfy customers’ needs, while making efficient use of resources. The key principles introduced in this module can be applied to any business sector and function. You will explore the complex relationships between functional areas and the real world of business. Your studies will develop your understanding about how business operations can be most effectively managed. This includes issues of ethics, environmental sustainability, global business, complexity and uncertainty, and continuing professional development.

Planning for New Business Ventures: This module develops your business planning skills and is essential for those students who intend to start and run their own businesses. At the heart of the module is an evaluation of a firm's business model. You will prepare a business plan in groups for a new or existing venture, which will be assessed by a panel. You will be evaluated on its economic logic, value to customer and return on investment for its owners.

Procurement and Supply Chain Management :  Supply Chain Management (SCM) is the management of relationships with suppliers and customers to deliver superior value at less cost throughout the supply chain. In a global business environment, how well organisations identify and manage supply networks and individual chains of supply, is a key enabler of successful international trade. In this module, you explore the range of relationships between trading partners (i.e. purchasers and suppliers), as well as the techniques that are used to source products and services, select and appraise suppliers, and develop and manage supply contracts.

Physical Logistics and Distribution:

The topic of physical logistics is concerned with managing the activities along a supply chain, from procuring materials to delivering goods that satisfy customers. In today's global economy, both suppliers and customers can be spread all over the world. 

In this module you will study the processes required to manage the flow of materials and products from suppliers to customers in order to achieve a competitive advantage. You will evaluate how effective logistics and procurement systems can become key business enablers. 

Please note: as our courses are reviewed regularly as part of our quality assurance framework, the modules you can choose from may vary from those listed here. 

Teaching and learning

Learning methods include lectures, directed reading, workshops, seminars, and practical and project work. Some modules include group work and teamwork activities.

Each module is assessed individually, generally on the quality of written or visual presentation work, and to some extent on verbal presentations. 

Approach to assessment

Assessment methods may include reports, seminar papers, formal written examinations, in-class tests, project work, visual and verbal presentations, workshops, simulations, and practical exercises. The majority of assessments are based on individual assignments but there is some assessed group work.

Specialist facilities

Oxford Brookes Business School has now moved to its new home at our Headington Campus. The university’s Headington Campus have undergone a £30m refurbishment to provide a new home for the Business School, which consists of a lecture theatre, teaching rooms, social learning space and a café. There is a new modern hall for teaching and special events like graduation.

This new home will help us to collaborate even more closely with university colleagues in other departments. It also provides a new Main Hall and a vibrant gateway into the Headington Campus. With these innovative spaces, students and staff can interact and collaborate in first-class facilities.

The Headington Campus is also home to the new John Henry Brookes Building, being the most significant project in the history of Oxford Brookes University. Set at the heart of our Headington campus, it has been designed for the future of higher education and has transformed the experiences of our students and the entire University community. The John Henry Brookes Building brings together the library and essential support services that offer academic, careers and international student advice. Find out more about the John Henry Brookes Building.

The majority of our student halls are close to the Headington Campus.

Field trips

We offer an optional International Business in Practice Study Trip module. The purpose of this study trip is to give postgraduate students a hands-on, intensive experience with the ideas and practices of global business. The programme will include presentations from local management executives and experts. Students will have direct interaction with management executives and practices through site visits to major corporations and agencies.

This study trip is voluntary and all costs associated with the trip will need to be funded by you. It is not linked to university assessments in any way. If you successfully complete this module you will have the following non-credit bearing module recorded on your transcript: P58335 International Business in Practice: Study Trip.

Whilst the destination and therefore precise costs vary from year to year, as an example, the programme fee of the study trip to Boston USA in July 2018 was £1380, which included 7 nights’ accommodation in the Boston area, insurance, the company visits, group transportation for all activities and some of the meals, but excluded for example International airfare, Visa application fee (if relevant), dinners and activities during your free time.

If you choose the study trip, you will be provided with additional details regarding the trip (which runs in July) by March, in order to inform decision making, ahead of the trip in July.

Attendance pattern

Attendance is compulsory. Modules run from Monday to Friday.

Programme changes

On rare occasions we may need to make changes to our course programmes after they have been published on the website. For more information, please visit our Changes to programmes page.

Tuition fees

Home/EU - full time fee: 2019/20: £5,670

Home/EU - part time fee: 2019/20: £3,480

International - full time: 2019/20: £13,730

Please be aware that some courses will involve some additional costs that are not covered by your fees. Specific additional costs for this course, if any, are detailed in the 'This course in detail' window above.

Questions about fees?
Contact Student Finance on:
+44 (0)1865 483088

Funding and scholarships

Entry requirements

A minimum of a second class honours degree (2:2) in any academic discipline, or equivalent overseas degree from a recognised institution or equivalent professional or other qualification.

Applicants who possess a diploma rather than a good degree may be eligible for entry provided they have compensatory work experience and can demonstrate career development.

This course attracts students from a wide range of backgrounds and nationalities. Applications are welcome from those in work and seeking continuing professional development.

Entry will also be subject to two satisfactory references (one of these must be an academic reference).

English language requirements

If English is not your first language you will need to satisfy the university's English language requirements:

  • IELTS minimum level 6.0 (with a minimum of 6.0 in reading and writing and 5.5 in listening and speaking)
  • If you have completed your undergraduate degree in the UK (at least one full year of study) you will automatically meet our English language requirements

Please also see the university's standard English language requirements

English requirements for visas

If you need a student visa to enter the UK you will need to meet the UK Visas and Immigration minimum language requirements as well as the university's requirements. Find out more about English language requirements.

International applications

Preparation courses for International and EU students

We offer a range of courses to help you to meet the entry requirements for this course and also familiarise you with university life. You may also be able to apply for one student visa to cover both courses.

  • If you need to take a pre-master's course to help you to meet both the English language and academic entry requirements for your master's course, you can take our two year master’s course. This course combine the pre-master's diploma and your master's in one application. You can apply for one visa for the two years of study.
  • If you need to improve your English language, we have pre-sessional English language courses available to help you to meet the English language requirements of your chosen master’s.

If you are studying outside the UK, for more details about your specific country entry requirements, translated information, local contacts and programmes within your country, please have a look at our country pages.

How to apply

Please contact Business School enquiries if you need help with your application or require any further information.

Terms and Conditions of Enrolment

When you accept our offer, you agree to the Terms and Conditions of Enrolment. You should therefore read those conditions before accepting the offer.

How this course helps you develop

  • Expert knowledge: You will be able to demonstrate your understanding of causal relationships between various economic variables. You will obtain strong insights into domestic, international and global issues using both quantitative skills and economic theory and analysis as an analytical framework. You will be able to critically evaluate the relevant policy issues.
  • Quantitative skills: You will become fluent in statistical analysis.  You will be trained to use software like Excel in order to analyse quantitative results from businesses and make practical business decisions, which is a real advantage in the job market.  
  • Networking: You will meet with economists, business and financial analysts and guest speakers through our internal seminar series, giving you the opportunity to network with industry professionals.

This MSc Economics programme prepares you for a career as an economist, analyst or consultant in non-governmental organisations (NGOs), such as the World Bank or International Monetary Fund (IMF), or private companies and public sector organisations. You will also be prepared to study at PhD level.

How Brookes supports postgraduate students

We take great pride in the pastoral, academic and career development support provided to our postgraduate students. Our Student Support Co-ordinators ensure that whatever problem you may have it is addressed rapidly and effectively. Our dedicated careers centre provides advice and workshops to help develop those key skills needed to develop your career and get the right job. The Programme Lead and all academic staff provide open office hours where students can walk in without an appointment to discuss academic or pastoral concerns. A dedicated and skilled team of postgraduate programme administrators ensure the efficient and effective support of students in a friendly and approachable manner.

Postgraduate students can use the dedicated PG lounge which is equipped with computers, group work study rooms, sofas, armchairs and a kitchenette.

You will have a comprehensive induction programme which enables you to get to know your programme director, tutors and student support co-ordinator before you formally commence your studies. We will also be seeking to ensure all the students on the programme have an opportunity to get to know each other well in this week and so form some strong social networks.

Supporting your learning

From academic advisers and support co-ordinators to specialist subject librarians and other learning support staff, we want to ensure that you get the best out of your studies.

Research highlights

Related to this subjec there are two main areas of research: Critical Perspectives on Accounting, Social Responsibility and Governance, and Applied Economics, Finance and Development. The Accounting cluster focuses on how accountability and responsibility is achieved, explored from a range of perspectives and methodological approaches. The Economics cluster comprises applied macro- and microeconomics as well as finance, environmental sustainability and development.

Research clusters