Curriculum

Pre-Term Program in Economics
M.A. Requirements

Course Descriptions

Elective Courses
Specializations
Waiver Exams
Oral Exams

Faculty and Staff

T.A.s and R.A.s

Center for International Business and Public Policy

International Economics Seminar

Bulletin Board
Economic Links

 

Specializations in Economics

The International Economics program offers specializations within economics for those students with a strong background or interest in economics who wish to pursue a set of elective courses in one particular area.  All of the specializations involve completion of the basic and core required economic courses:

  • 300.700 Microeconomics (or Accelerated Microeconomics)
  • 300.701 Macroeconomics (or Accelerated Macroeconomics)
  • 300.707 International Trade Theory (or Accelerated International Trade Theory)
  • 300.708 International Monetary Theory (or Accelerated International Monetary Theory)
     

plus a combination of required courses from area-specific lists.

Specializations are offered in three areas of economics.  The links below define the requirements for each specialization above the basic and core required courses for the International Economics concentration:

Quanititative Methods and Economic Theory  - focuses on quantitative methods and advanced theory issues required for careers involving quantitative and technical economic analysis

International Finance  - focuses on financial markets and financial decision making in the area of international economics.

Development Economics  - focuses on a range of issues of developing and transitioning countries, at both a microeconomic and macroeconomic level.

Completion of the requirements in a specialization will result in a formal indication of the specialization on the student's transcript. Completion of the requirements for any of the specializations satisfies the International Economics concentration requirement for the SAIS M.A. degree.  Students pursuing a specialization are still required to pass the oral examination in international economics.  The oral exam will continue to focus on the understanding and application of the economic issues covered mostly in the core courses. However, students in a specialization may face some questions examining their expertise in their area of specialization.

These specializations do not change the requirement of a concentration in an examination field outside of International Economics. They are simply an option for students wishing to indicate a focus of study within the field of international economics.

It should be recognized that these specializations are significantly more demanding in terms of economics knowledge and workload than the general economic requirement.  Students with no prior background in economics, as well as those students who do not fulfill the basic requirements (Microeconomics and Macroeconomics) before starting their first full semester are discouraged from considering a specialization.

Double Counting Courses for Specialization
Courses that appear in multiple specialization lists may be counted only towards one specialization.

Note on Cross Listed Courses:
Be aware that the International Economics Program reviews the elective lists in each specialization each year and that non-economics department courses may be added or deleted.  Any changes will be announced at the beginning of each academic year.


 
Specialization in Quantitative Methods and Economic Theory

(If you will graduate in 2008 click here for requirements)

Required Courses for the Specialization:

  1. 340.710 Econometrics (advanced math section in DC is recommended)
  2. 340.731 Applied Econometrics
    OR 340.707 Applied Econometrics for Development Economics

PLUS at least TWO additional courses from the following lists:

     3.  ONE of the following courses:

  • 300.707 Advanced Topics in Trade Theory
  • 300.744 Advanced Topics in Monetary Economics
  • 340.734 Quantitative Global Economics
  • 320.740 Cost-Benefit Analysis

     4.  ONE of the following set of courses:

  • 300.707 Advanced Topics in Trade Theory
  • 300.744 Advanced Topics in Monetary Economics
  • 300.718 International Monetary System
  • 300.717 International Trade System
  • 340.734 Quantitative Global Economics
  • 680.851 Economics of Natural Resources
  • 320.740 Cost-Benefit Analysis
  • 680.852 International Environmental Economics
  • 340.707  Applied Econometrics Tools for Development Economics
  • 380.754.20 Commercial Policies: Theories and Institutions - Bologna
  • 380.743.20 Environmental and Resource Economics - Bologna
  • 300.728.20 Public Sector Economics - Bologna
  • 300.737.20 Seminar in European Monetary Integration - Bologna
  • 380.775.20 Regulation Policies and Industrial Management - Bologna

GRADE REQUIREMENT
In order to receive the Quantitative Methods and Economic Theory Specialization, students must maintain a B+ average in the four courses used for the specialization. Students not maintaining a B+ average in the four required courses will not be awarded the specialization and will just be credited with completing the International Economic Concentration requirement.

Double Counting Courses for Specialization: 
Courses that appear in multiple specialization lists may be counted only towards one specialization.

If you have questions about the Quantitative Methods and Economic Theory specialization please contact Professor Cris Arroyo

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Specialization in International Finance

Required Courses for the Specialization:

  1. 380.761 Multinational Corporate Finance

    2.   ONE of the following case courses:

  • 380.763 Case Studies in International Financial Transactions  
  • 380.834 Project Finance
  • 380.778 Private Equity in Developing Countries
  • 380.776 Financial Sector Reform and Development
  • 380.709 International Tax and Business Planning
  • 380.781 Applied Corporate Finance (Bologna)


PLUS at least TWO additional courses from the following lists:

    3.   ONE of the following international finance field courses:

  • 380.771 Financial Derivatives and Risk Management 
  • 380.772 Global Investment Management 
  • 380.840 Global Financial Markets/ Institutions
  • 380.722 International Financial Markets


   4.  ONE course from the following list (not counting courses used to satisfy requirements above):

  • 320.726 Financing Development
  • 380.760 Corporate Finance
  • 380.763 Case Studies in International Financial Transactions
  • 380.834 Project Finance
  • 380.771 Financial Derivatives and Risk Management
  • 380.772 Global Investment Management
  • 380.778 Private Equity in Developing Countries 
  • 380.840 Global Financial Markets/ Institutions
  • 380.776 Financial Sector Reform and Development
  • 380.781 Applied Corporate Finance (Bologna)
  • 380.709 International Tax and Business Planning
  • 390.101 Global Business Strategy


GRADE REQUIREMENT
In order to receive the International Finance Specialization, students must maintain a B+ average in the four courses used for the specialization. Students not maintaining a B+ average in the four required courses will not be awarded the specialization and will just be credited with completing the International Economic Concentration requirement.

Double Counting Courses for Specialization
Courses that appear in multiple specialization lists may be counted only towards one specialization.

Note on sequencing Finance courses


For more information on the International Finance specialization please contact Professor Gordon Bodnar

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Specialization in Development Economics

Required Elective Courses for the Specialization:

  1. 340.710 Econometrics (standard or advanced math)
    (Must be taken in the first year; many of the other courses in the specialization will require  Econometrics as a prerequisite).

    2.   At least ONE of the following courses (dealing with growth/macro issues):

  • 320.726 Financing Development
  • 320.734 Economic Growth and Development 
  • 320.736 Seminar on Economic Development
  • 320.715.20 Theories and Models of Economic Development - Bologna
  • 320.735 Topics in Growth and Development

    3.   At least ONE of the following course (dealing with micro issues):

  • 320.738 Trade Policy in Developing and Transitional Economies
  • 320.731 Microeconomics of Development 
  • 320.822 Topics in Microeconomics of Development


   4.  At least ONE of the following courses (dealing with topics or tools):

       Tools:

  • 320.740 Cost Benefit Analysis
  • 340.731 Applied Econometric
  • 320.821 Quantitative Methods of Impact Evaluation 
  • 340.707 Applied Econometrics Tools for Development Economics

      Topics:

  • 320.823 Trade Policy, Trade Liberalization & Poverty
  • 320.742 Trade, Capital Flows and Development
  • 400.819 Financial Sector Development in Emerging Markets
  • 810.769 Currency Crises in Emerging Markets
  • 320.750 Comparative Development and Economic Growth

GRADE REQUIREMENT
In order to receive the Specialization in Development Economics, students must maintain a B+ average in the four courses for the specialization.  Students not maintaining a B+ average in the four required courses will not be awarded the specialization and will just be credited with completing the International Economics Concentration requirement.

Double Counting Courses for Specialization
Courses that appear in multiple specialization lists may be counted only towards one specialization.

If you have questions about the Development Economics Specialization please contact Professor Karen Macours

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Specialization in Quantitative Methods and Economic Theory (2008 graduates)

Required Courses for the Quantitative Methods and Economic Theory Specialization for those graduating in 2008:

  1. 340.710 Econometrics 
  2. 340.731 Applied Econometrics
    OR 340.707 Applied Econometrics for Development Economics
  3. PLUS at least TWO additional courses from the following lists:
  • 300.707 Advanced Topics in Trade Theory
  • 300.744 Advanced Topics in Monetary Economics
  • 300.718 International Monetary System
  • 300.717 International Trade System
  • 340.734 Quantitative Global Economics
  • 680.851 Economics of Natural Resources
  • 320.740 Cost-Benefit Analysis
  • 680.852 International Environmental Economics
  • 340.707  Applied Econometrics Tools for Development Economics
  • 380.754.20 Commercial Policies: Theories and Institutions - Bologna
  • 380.743.20 Environmental and Resource Economics - Bologna
  • 300.728.20 Public Sector Economics - Bologna
  • 300.737.20 Seminar in European Monetary Integration - Bologna
  • 380.775.20 Regulation Policies and Industrial Management - Bologna


GRADE REQUIREMENT
In order to receive the Specialization in Quantitative Methods and Economics Theory, students must maintain a B+ average in the four courses used for the specialization.  Students not maintaining a B+ average in the four required courses will not be awarded the specialization and will just be credited with completing the International Economics concentration requirement.

If you have questions about the Quantitative Methods and Economic Theory specialization please contact Professor Cris Arroyo

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