Formulate new views and perspectives
Analyse the response of countries and international organisations to the instability of international capital flows, the management of international trade, the challenges of developing nations and learn to formulate views and perspectives on these and similar matters.
This track applies a relatively macroeconomic approach to the international economy as well as economic development, whereas the track Development Economics is its more micro-focused counterpart.
Why choose the International Finance and Trade track?
- Beside the 3 general courses of the MSc Economics in your curriculum, you will have 4 courses with focus on a macroeconomic approach to the international economy.
- You will learn from professors and experts working in a wide range of economic organisations and fields. Therefore, you have access to up-to-date cases and learnings from the field of international finance and trade.
- After graduation, you have an excellent job prospect at e.g. international organisations and corporations with international focus.

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Track-specific courses
Apart from the 3 general courses of the full programme, you will take 3 track-specific courses.
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International Economic Cooperation
In this course you will study international cooperation against the background of economic globalisation. You will look at economic organisations such as the IMF, World Bank and the World Trade Organisation and regional economic integration attempts such as the EU and ASEAN. How do they deal with major current challenges, such as preventing local and global financial crises, limiting moral hazard and the stability of the European integration process?
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International Finance
In this course you will study advanced topics in international financial and monetary relations. Such as:
- modern exchange rate theories including target zone models and speculative attack models;
- recent currency crises and ways to prevent them;
- exchange rate policies;
- international capital mobility, capital flight, management of and capital controls;
- the international spill-overs of unconventional monetary policy and the induced portfolio rebalancing.
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International Trade Theory and Policy
This course brings you a thorough analysis of the modern theory concerning international trade and movements towards regional trade integration. You will receive a quick refresher of the major classical and neoclassical trade theories, insights on trade policy and a survey of the present state of the world economy.
How does fast economic growth in China affect international trade relations? What are the driving forces of international capital flows? What impact does globalisation have on income inequality? Learn all about today’s debates and formulate your own positions, based on literature as well as research.

Contemporary issues
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.
- The effects of protectionist trade measures: An Empirical Study on the Steel Sector.
- What is the effect of debt relief under the HIPC Initiative on education in Heavily Indebted Poor Countries?
- What are the effects of grants and loans on tax revenues of recipient countries? Are these effects conditional on the institutional quality of those countries?
Career prospects
Graduates of the Master's programme in Economics/International Finance and Trade track have excellent job prospects for positions as researchers and experts in:
- At international organisations
- National organisations with international emphasis
- International corporations
- International finance
- IMF