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MSc International Business Economics

MSc

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 holistic programme balances technical knowledge with practical skills. You will be taught by experts from both industry as well as academic economists. You do not need any prior knowledge as you will gain a thorough grounding in the quantitative and economic analysis skills needed to analyse how institutions and business practices operate in an international context. There are excellent employment prospects for economists with these skills in business and finance.

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.

  • 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 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 multinational corporations, government agencies, 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: We have a track record of excellence in teaching, learning and research. You will be taught in a supportive atmosphere with small interactive groups so you can learn from and bond with your classmates. Our students enjoy a balanced multicultural learning environment where teaching staff get to know the students individually.  It is an intensive course which covers financial accounting, management accounting and international finance. Teaching staff have extensive academic and professional experience and are able to provide practical insight and commercial understanding. Furthermore, prestigious guest speakers bring their real life experience into the classroom.  
  • Student support: As a student, 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 study and are able to help you get advice about any issues you may have during your studies.
  • 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 and stunning cosmopolitan city full of history and beautiful buildings. 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.

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 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: This module compared how international markets and institutions link the users and providers of funds within financial systems. It focuses on issues of asset pricing and market efficiency, and the effects of globalisation on organisations, technical innovation and regulatory change.

International Finance:  International Finance: Focusing on the operation of foreign exchange and derivative markets, you will examine the main theories of exchange rate determination and speculative attacks. It will consider the issues with currency risk management and hedging instruments.

Finance and Strategy:  You will investigate the relationship between finance and corporate strategy. It will help you understand how financial decisions are affected by strategic issues and how corporate strategies need to take into account financial considerations.

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: This module analyses current issues within corporate governance by considering the ethical, cultural and social implications of governance. It studies a variety of approaches to solving problems in the area of governance in the corporate sector.

Corporate Social Responsibility: By investigating issues in corporate social responsibility in international businesses, the role of managers and organisations in a complex and dynamic context is challenged. The impact of globalisation on international management practices is considered, including ethics, environmental sustainability and stakeholder management.

Planning for New Business Ventures: This module develops your business planning skills including the evaluation of a firm's business model. You will prepare a business plan which is evaluated on its economic logic, value to customer and return on investment for its owners.

Financial Modelling: This module develops a systematic understanding of financial modelling and techniques of financial analysis, and their applications. It combines the development of practical modelling and analysis skills, mainly using spreadsheets, with conceptual understanding and critical analysis of financial modelling approaches.

Consultancy Project: Within the module students apply their understanding of management in relation to specific organisational problems. Students will develop their practical problem solving skills as well as communication and ability to work in cross-cultural teams.

Performance Management: This module develops your management accounting knowledge and skills further by studying the most up-to-date techniques in managing business performance. You will interpret the performance of organisations and critically discuss the role of management accounting within different contexts.

Financial Reporting: This module further develops your financial accounting knowledge and skills by blending a critical understanding of academic concepts and technical approaches. Using the IASB Conceptual framework students will be challenged to prepare financial statements and discuss underlying conceptual issues.

Audit and Assurance: The module introduces students to the concepts and practice of auditing by which professional auditors seek to provide assurance in relation to accounting and reporting systems. Students will take a critical perspective on auditing, including significant professional ethical problems.

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

On this course you will benefit from active learning approaches. These include small interactive seminars, workshop activities, discussions and problem-solving activities, rather than an approach focused solely on lectures and note-taking. This enables your teachers to get to know you and support you individually. This enables your teachers to get to know you individually and support you personally. Our innovative approach to teaching will help your learning experience to be vibrant and engaging. You will develop skills in critical enquiry along with a firm grounding in practice, which will enable you to confidently take on the demands of graduate jobs in leading organisations. Teaching staff at the Business School are researchers and/or from an industry background with an in-depth practical experience of business and management issues. Visiting speakers from business, industry, consultancies and research bodies provide further input.

 

Approach to assessment

Assessment is diverse, allowing the evaluation of a range of skills in different ways. This can include reports, seminar papers, formal written examinations, in-class tests, project work, visual and verbal presentations, workshops, simulations, oral exams (viva) 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 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 2019 was £1580, which included 7 nights’ accommodation in the Boston area, insurance, the company visits (e.g. Facebook, Dunkin Brands, Trip Advisor, Microsoft, Bank of America), 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.

We also run a study trip to Chengdu, China.

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 2020/21: £8,000

Home/EU - part time fee: 2019/20: £3,480 2020/21: £4,000

International - full time: 2019/20: £13,730 2020/21: £14,200

International - part time fee: Where part time fees are quoted this is for the first year only. Fees will increase by up to 4% each year.

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
finance-fees@brookes.ac.uk

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.

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

Research highlights

Related to this subject 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 areas and clusters

Research areas and clusters

Related to this subject there are two research clusters in the International Centre for Coaching and Mentoring Studies and the Centre for Diversity Policy Research and Practice.

Research clusters