Pursuing a degree in International Economics engages students to critically analyze economic issues from a global perspective. They’ll look at how technology, foreign policy, tariffs, treaties and other concepts of economics affect international markets. They’ll look at how financial institutions differ across borders and try to gauge ways that our own system can be improved. This field is perfect for people who are both logical and creative. Students interested in this field of study may choose a Bachelor of Arts or a Bachelor of Science degree.
Education economics for the study of international concepts vary from school to school, but the basic tenets are the same. Students will take introductory, intermediate and advanced principles of microeconomics and principles of macro economics courses. They’ll take courses in accounting, applied economics statistics, applied statistical methods, international monetary economics, issues and controversies, money & banking, international trade theory and policy, industrial organization, econometrics, globalization, international business, export management, calculus, financial marketing, economic geography and global history. Each student in this major will be required to study a foreign language like French, German, Spanish, Italian, Russian or Chinese. They’ll take some electives like humanities, computer science, literature, art history and science. They may also be required to travel or complete some independent study work in their final years.
Once students finish their BA or BS in International Economics, they will likely move onto a master’s program. Economics university institutions like Yale, Brandeis University, Eastern Michigan University, George Washington University, Pace University NY and Suffolk University offer decent graduate studies in this field. Most graduates go on to teach in post-secondary education, work as economists for the government or delve into business and financial operations at private firms. Most of the master’s programs take 1 to 2 years to finish and some link up with graduate programs, which grant you an MA after your first year of completion.
To be eligible for the best jobs, students will need to have advanced degrees in International Economics. One position at the University of Maryland Eastern Shore looking for an “International Economist” is offering a starting salary of $102,721 to $133,543, although they prefer someone with 10+ years of experience. The job description states that they need someone to “provide analysis and support necessary for U.S. aid missions.” At job site www.indeed.com, the federal government is looking for International Trade Administrators, Strategy Officers, Homeland Security Economists, Agricultural Economists, Army Economists, Department of Transportation Economists and Senior Economists at World Bank. Private companies are in search of Foreign Service Program Economists, International Freight Forwarders and Macro Policy Economists. The jobs are rich and nearly all hire at $70,000+ to start! So it pays to achieve that advanced degree in economics.
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