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 300.699 Accelerated Microeconomics
300.701 Macroeconomics or 300.706 Accelerated Macroeconomics
300.707 International Trade Theory or 300.851 Accelerated International Trade Theory
300.708 International Monetary Theory or 300.852 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: Specialization in Quantitative Methods and Economic Theory - focuses on quantitative methods and advanced theory issues required for careers involving quantitative and technical economic analysis. Specialization in International Finance - focuses on financial markets and financial decision making in the area of international economics. Specialization in 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. Be aware that the International Economics Program reviews the elective courses listed in each specialization yearly and that non-economics department courses may be added or deleted. Any changes will be announced at the beginning of each academic year.
(If you will graduate in 2008 click here for requirements.) - 340.710 Econometrics (advanced math section in DC is recommended)
- 340.707 Applied Econometrics for Development Economics or
340.731 Applied Econometrics or
340.735 Macroeconometrics
PLUS at least TWO additional courses from the following lists: 3. ONE of the following courses: 300.743 Advanced Topics in Trade Theory
300.744 Advanced Topics in Monetary Economics
320.740 Cost-Benefit Analysis
340.734 Quantitative Global Economics
4. ONE of the following courses: 300.717 International Trade System
300.718 International Monetary System
300.743 Advanced Topics in Trade Theory
300.744 Advanced Topics in Monetary Economics
320.740 Cost-Benefit Analysis
340.707 Applied Econometrics Tools for Development Economics
340.734 Quantitative Global Economics
680.851 Economics of Natural Resources
680.852 International Environmental Economics
300.728.20 Public Sector Economics - Bologna
300.737.20 Seminar in European Monetary Integration - Bologna
380.743.20 Environmental and Resource Economics - Bologna
380.754.20 Commercial Policies: Theories and Institutions - 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. If you have questions pertaining to the specialization in Quantitative Methods and Economic
Theory please contact: Professor Cristino Arroyo .
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: - 380.761 Multinational Corporate Finance
2. ONE of the following case courses: 380.709 International Tax and Business Planning
380.763 Case Studies in International Financial Transactions
380.776 Financial Sector Reform and Development
380.778 Private Equity in Developing Countries
380.781 Applied Corporate Finance (Bologna)
380.834 Project Finance
PLUS at least TWO additional courses from the following lists:
3. ONE of the following international finance field courses: 380.722 International Financial Markets
380.725 Global Bond & Structured Financial Instruments
380.771 Financial Derivatives and Risk Management
380.772 Global Investment Management
380.840 Global Financial Markets/ Institutions
4. ONE course from the following list (not counting courses used to satisfy requirements above): 320.726 Financing Development
380.709 International Tax and Business Planning
380.725 Global Bond & Structured Financial Instruments
380.760 Corporate Finance
380.763 Case Studies in International Financial Transactions
380.771 Financial Derivatives and Risk Management
380.772 Global Investment Management
380.776 Financial Sector Reform and Development
380.778 Private Equity in Developing Countries
380.781 Applied Corporate Finance (Bologna)
380.834 Project Finance
380.840 Global Financial Markets/ Institutions
390.101 Global Business Strategy
TBD Applied International Financial Issues (Bologna)
NEW FOR THE CLASS OF 2009
Starting with the class graduating in spring of 2009, the finance specialization also requires that students develop a minimum proficiency in Financial Accounting. This involves two parts: Part 1: Basic Financial Accounting
Pass the one-line Introductory Financial Accounting Course through the Professional Development Skills Course Program offered by Career Services. This course can be taken at any time and requires about 10 - 15 hours and a small registration fee. The on-line address is:
http://elearning.hbsp.org/sponsor.html?sponsorCode=IFAfa07
OR show transcript evidence of at least a semester of financial accounting within the past 5 years with a grade of B- or better. Part 2: Applied Financial Accounting
Students must take AT LEAST ONE of the skills courses offered through the Professional Development Skills Course Program of SAIS Career Services. These non-credit courses meet 6 - 8 hours during the semester and require a modest tutition fee. The offered courses are:
Accounting Seminar in Financial Analysis
International Financial Reporting Standards GRADE REQUIREMENT
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. Please click the link below for some helpful suggestions on structuring your finance course selections: Note on sequencing Finance courses
If you have questions pertaining to the specialization in International Finance, please contact:
Professor Gordon Bodnar .
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- 340.710 Econometrics (standard or advanced math)
(Must be taken in the first year; many other courses in the
specialization will require Econometrics as a prerequisite)
2. ONE of the following courses (growth/macro issues): 320.726 Financing Development
320.734 Economic Growth and Development
320.735 Topics in Growth and Development
320.736 Seminar on Economic Development
320.715.20 Theories and Models of Economic Development - Bologna
3. ONE of the following courses (micro issues): 320.731 Microeconomics of Development
320.738 Trade Policy in Developing and Transitional Economies
320.822 Topics in Microeconomics of Development
4. ONE of the following courses (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: 320.742 Trade, Capital Flows and Development
320.750 Comparative Development and Economic Growth
320.823 Trade Policy, Trade Liberalization and Poverty
400.819 Financial Sector Development in Emerging Markets
810.769 Currency Crises in Emerging Markets
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.
If you have questions pertaining to the specialization in Development Economics please contact: Professor Karen Macours .
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(2008 Graduates) - 340.710 Econometrics
- 340.731 Applied Econometrics or
340.707 Applied Econometrics for Development Economics
PLUS TWO additional courses from the following lists:
300.707 Advanced Topics in Trade Theory
300.717 International Trade System
300.718 International Monetary System
300.744 Advanced Topics in Monetary Economics
320.740 Cost-Benefit Analysis
340.707 Applied Econometrics Tools for Development Economics
340.734 Quantitative Global Economics
680.851 Economics of Natural Resources
680.852 International Environmental Economics
300.728.20 Public Sector Economics - Bologna
300.737.20 Seminar in European Monetary Integration - Bologna
380.743.20 Environmental and Resource Economics - Bologna
380.754.20 Commercial Policies: Theories and Institutions - Bologna
380.775.20 Regulation Policies and Industrial Management - Bologna
GRADE REQUIREMENT
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 pertaining to the Quantitative Methods and Economic Theory specialization please contact: Professor Cristino Arroyo .
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