MSc International Economics and Strategy (with Internship option)

Southwark Campus

Mode: Full-time

Overview

Learn more about this course from the course tutor at our Economics Information Session on Tuesday 23 April - register now.

This course is a relevant postgraduate degree for those who wish to gain a more advanced understanding of economics and its strategic application to different scenarios.

The course links theory and practice in international economics with the field of strategy through intensive, selective and expert-orientated modules with a clearly defined business outlook. One of the main attractions of this course is that it provides a wide range of modules to suit your specific interests. The content focuses on international trade and finance, the application of statistical and econometrics methods to analyse data and the use of these skills and knowledge to form strategic direction. The analysis and management of strategic projects and the evaluation of economic influences play a key role in the curriculum.

The course curriculum, which is informed by current industry demands, equips you with the skills to become a competent, knowledgeable and competitive graduate who will be successful in any career path you choose.

Internship 

You can also choose to apply for the course with an internship by applying for the MSc International Economics and Strategy (with Internship) course option. This option provides you with the chance to put theory into practice, applying your personalised business approach in a setting of your choosing. If you apply for the course with internship, you will spend 12 months studying a variety of modules and then spend 12 months doing an extended internship to apply the knowledge you have gained, putting it in to practice. Please see How to Apply for further information.

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Full-time
Duration
1 year
Start Date
September
Location
Southwark Campus
Mode
Full-time (with internship)
Duration
2 years
Start Date
September
Location
Southwark Campus

Modules

All modules are assessed by a mix of coursework, individual and group presentations and written exams. A typical 20 credit taught module involves a total of 200 study hours (52 contact hours and 148 group and private study hours). The use of Bloomberg and Stata is embedded within modules.

Core modules

  • International Economics and Trade The module will give you a detailed knowledge of key developments in international economics and specifically trade. It will introduce a range of key models that are used in the study of trade and growth. The module will present the rationale and critique for international integration, International organisations & trade policy.
  • International Financial Economics
    The module introduces you to aspects of international financial markets. The module covers theories of exchange rate determination and the difference between fixed and floating exchange rate systems. It discusses open-economy policies and the monetary policy transmission mechanism to demonstrate how the foreign exchange markets operate. It further offers an excursion into modern financial topics such as derivatives, cryptocurrencies and financial crises. The module covers theoretical and applied aspects by using theories to explain real world problems.
  • Financial and Applied Econometrics
    This module will develop your understanding of key analytical techniques with an applied approach, in order to apply economic theories to real economic and financial data by means of empirical models. You will learn how to contextualise modern econometric methodologies in a practical economic environment and develop knowledge and understanding of the theories and tools used in applied and financial econometrics.
  • Economics and Strategic Analysis
    The module introduces you to the strategic and analytical aspects of economics. It covers both micro- and macroeconomic strategies and develops your ability to evaluate external environments to formulate appropriate strategic direction for business and policy-makers. You will be exposed to case studies of economic nature to apply quantitative and qualitative strategic analysis techniques to real world problems.
  • Creativity, Enterprise and Innovation
    The module focuses on the rapidly changing world around us, it is imperative that you are able to think creatively, problem solve and create advantage for themselves (be entrepreneurial) and for the businesses you may work for (be intrapreneurial). The module encourages you to question what you see and experience around you with an aim to enhance your creativity and to discover new and improved ways of doing things.
  • Curiosity, Creativity and Research
    This module introduces you to the research process, the mindset of the researcher and in particular to the idea of creativity in research and what it means to be a ‘creative researcher’.  In this module, you will identify potential topics for their practice-based dissertation and explore these with the aid of creative thinking techniques.   In this way your research ideas can be refined and expressed in terms of clear research questions and objectives making use of the relevant literature and theoretical concepts.
  • Research in Action
    The module focuses on the nature, approaches, methods, tools and techniques of research within relevant disciplines from the business environment.  In doing so it attempts to develop the skills and knowledge required to complete Master’s level research where the emphasis of the research is in improving  aspects of business process and business practice. Thus the module is practically oriented towards the completion of a research proposal that will form the basis of the final practice-based project module.
  • Management Consultancy in a Global Environment
    This module is designed to develop professional consultancy skills by studying organisational structure and culture, situational analysis and diagnosis, communication strategies for consulting and group dynamics. Focusing on the development of business research; client handling and project management skills, completion of this module will enable you to prepare  a succinct, clear, evidence based, persuasive consultancy led project plan , aligned to the strategic vision of an organisation and  which they are able to effectively pitch to a client.
  • Capstone Business Project
    This capstone, independent research project draws upon your skills and knowledge gained thus far enabling application of learning to a scenario resulting in added value to an organisation and creating real world impact. This student driven project must address a current issue or opportunity in an organisational or industrial context.  Projects can relate to your current role or you can use this opportunity to deepen your knowledge of different sectors or organisations thus make connections utilising the project as a vehicle to impress future employers creating a possible stepping stone to your next job. Alternatively, you may wish to investigate possible entrepreneurial opportunities.

Option modules

    You will have 2 optional modules on the MSc International Economics and Strategy. If you choose MSc International Economics and Strategy (with Internship), the Internship is in place of optional modules.

  • For MSc International Economics and Strategy (with Internship) - Internship course
    This module allows students to gain up to 12 months valuable work experience while studying for a Master's degree. Responsibility for securing the work placement lies with you. However, you'll be amply supported by our Employability Team during the search process and during the period of your internship.  The internship will allow you to reflect on how principles of your discipline can be applied in the workplace, so enhancing your appreciation of the multi-functional requirements of business in the real world.
  • Socioeconomics
    This module will introduce you to the competing theory of society. Starting with historical factors that explain the development of the current economic structure. The concepts of individualism vs collectivism and the rules and regulations that come out of both. This is built on with findings of Institutional economics and its critique of Neoclassical Economics and New Institutional Economics as it attempts to merge the two. Along with discussion of Behavioural Economics, Social choice theory and Welfare discussions the module will help you understand where you fit within the economic society and how economics has influenced society (and vice versa).
  • Economics of International Development This module explores the contemporary challenges of addressing poverty and inequality globally through an emphasis on development theories, empirical evidence, real world case studies, and policy debates. It provides you with a grounding in international economic development concepts, theories and approaches. You will be equipped with the analytical and practical skills they need to engage critically in development issues and policy debates.
  • Behavioural Finance “Psychology is the basis for human desires, goals and motivations, and it is also the basis for a wide variety of human errors that stem from perceptual illusions, overconfidence, over-reliance… and emotions” (Shefrin, 2002). Behavioural Finance links finance theory and practice to human behaviour. The module begins by building upon the established, conventional principles of finance and then moves into psychological principles of behavioural finance focusing on contemporary issues. Errors and bias permeate the entire financial landscape affecting individual investors, institutional investors, analysts, portfolio managers, currency traders, financial executives amongst others. You analyse how human behaviour impacts on the decision making of financial agents. You learn how social forces influence individual’s choices.
  • Big Data Analytics
    Big Data analytics include tools and techniques from Data Science, for the transformation of raw big data into meaningful and actionable information for business analysis. Every major industry has powerful transaction-oriented systems, which stores the big data gathered from daily operations into repositories. To remain competitive, enterprises need the ability to rediscover and utilise the big data they already hold. The module will provide you with the skills to derive insights from a pool of big data available, delivering precise, actionable and timely inputs for decision making.
  • Contemporary Economic Issues
    The module aims to stimulate interest in economic affairs and theory by looking at important issues in the world economy. Whilst regional and global issues will be addressed, issues pertaining to emerging markets will be given a particular focus. By the end of the module you will have both analysed and evaluated economic issues such that you can apply these techniques of analysis to other economic issues that arise in the future.
  • Bloomberg for Business Professionals
    The Bloomberg terminal is one of the most widely used data retrieval and analytical tools in trading rooms worldwide. Familiarity with this software is mandatory within the financial services industry, for entry-level staff all the way up to senior managers. This class is designed for students who need a basic introduction to the vast array of functions in order to become more familiar with a higher level of functionality and complexity. It is also designed to offer you the foundational content on different financial markets and how Bloomberg are designed to help understanding these markets better.
  • Digital and Social Media Marketing
    This module provides a practical introduction to digital and social media technologies (such as Twitter, Facebook, connected devices – the internet of things and affiliate networks) and their application within marketing. The module examines the key characteristics of digital and social media, identifies the theoretical underpinnings such as issues of trust and customer engagement together with trends and usage patterns to provide a framework through which to understand and evaluate them. In addition, the module examines the legal and ethical considerations that marketing in a digital world raises.
  • Effective Business Negotiation
    Negotiation is a process that provides a vehicle for participation in problem solving and decision making to improve the effectiveness of discussions and sets the scene for operations. It is at the core of nearly every commercial activity. Systematic and thorough preparation, as well as an ability to manage shared, different, and conflicting interests, is critical to success. This module is designed to improve your negotiating skills set and enable you to master current knowledge and practice via a series of interactive and applied workshops.
  • Everyday Sustainability for Business
    This module offers an alternative approach to everyday sustainability by making it pay for more than itself in everyday practice. It requires no knowledge of rocket science or a deep enthusiasm for “green” thinking. All it requires is a desire to succeed – both as an individual and as an organisation. The sessions will take you through auditing the current state, resolving problems, developing a workable strategy and its implementation. Supplementary content includes communications and marketing, rewards and world-class analysis techniques.
  • Global Operations and Logistics
    The development of strategic priorities to deliver business in a global environment and the efficient management of resources and operations to support strategies is vital as firm’s endeavour to remain competitive. This module explores the relationship between business functions, logistics, and supply chain management and will enable students to identify the causes of operation and logistics problems and propose relevant solutions, minimising exposure to risk.
  • Governance and Leadership
    The module examines the area of governance and leadership within organisations in the broad context of the agency relationship and focuses on the respective roles and responsibilities of directors and officers to organisational stakeholders. The module explores internal review and feedback to implement and support effective governance and leadership. The module also assesses key aspects of responsible management and covers personal and professional ethics, ethical frameworks – and professional behaviour and conduct in a variety of contexts.
  • Investment Management
    This module is designed to provide you with an understanding of the theory and practice of investment management, particularly as it relates to the UK. The coverage will include portfolio creation and management, asset allocation and stock selection, and portfolio performance measurement, including the use of benchmarks and their relationship with performance targets and portfolio risk. Some Consideration will also be given to the investment aims, time horizons, tax position and regulation.
  • Managing Virtual Work
    The module enables you to understand the specifics of managing different aspects of virtual work, such as distributed teams, remote employees, remote clients or collaboration partners, and organisations that are entirely virtual. One of the important aspects is the switches between off-site and on-site work that most people do in today’s work environments and its implications for perception and behaviour for both employees and management.
  • Marketing Science
    This module provides a thorough grounding in the discipline of evidence-based marketing.  It aims to build a flexible framework of reference points and analytical tools to enable marketers to work with other functional specialists. It also seeks to provide the basis for effective cross-border marketing through use of examples and cases drawn from a variety of systems, cultures and operating environments. Students taking the module begin with basic numeracy skills for marketing, working through exercises designed to familiarise them with standard terminology, measures and calculations.  You will progress to generating and manipulating your own data to extend your knowledge.
  • Organisational Risk Management and Internal Control
    The module explores internal review, control, and feedback to implement and support effective governance, including compliance issues related to decision-making and decision-support functions. The module also examines the whole area of identifying, assessing, and controlling risk as a key aspect of responsible management.

Employability

The course equips you with a unique skillset, which allows you to take on senior roles in both public and private sector organisations.

In addition to senior management roles, successful students can build a career in a variety of settings in consulting, strategy, finance and international business. The combined disciplines of international economics and strategy allow graduates to become desirable to a variety of organisational functions inside multinational companies.

Employability Service

We are University of the Year for Graduate Employment for the second year in a row - The Times and Sunday Times Good University Guide 2018, 2019.

At LSBU, we want to set you up for a successful career. During your studies – and for two years after you graduate – you’ll have access to our Employability Service, which includes:

  • An online board where you can see a wide range of placements: part-time, full-time or voluntary. You can also drop in to see our Job Shop advisers, who are always available to help you take the next step in your search.
  • Our Careers Gym offering group workshops on CVs, interview techniques and finding work experience, as well as regular presentations from employers across a range of sectors.

Our Student Enterprise team can also help you start your own business and develop valuable entrepreneurial skills.

Placements

If you apply for the MSc International Economics and Strategy (with Internship) course option, the elapsed time of the extended internship is 12 months, to include a minimum of 10 months and a maximum of 12 months of employer-based work.

You are encouraged to seek your own internship placement but will also receive support from the Employability and Careers Team. The nature of the work experience should broadly lie within the content of the course in order to allow you to apply newly acquired knowledge in practice.

Teaching and learning

You will benefit from the department's experienced lecturers, excellent learning materials, and small class sizes. Workshops, seminars, case studies and student-led discussions facilitate more active modes of learning. You'll receive training in the use of Stata and Bloomberg during seminar sessions and in the development of assignments.

The delivery modes and class types are comprised of a variety of online and face-to-face tutorials, seminars based on discussions of current economic developments and lab exercises using relevant statistical software.

Personal Tutoring

As a postgraduate student in the Business School, your personal development and wellbeing is very important to us, so we have developed a personal tutoring system that is tailored to your individual and group needs.

Firstly, you will be allocated a personal tutor who will be available to you on a 1:1 basis as well as facilitating group personal tutoring sessions, designed to enhance your academic and personal development within your postgraduate degree programme.

In addition to an allocated personal tutor, there will also be a personal tutor available ‘on call’ in a designated room, called ‘Talk’, for confidential 1:1 pastoral care meetings every day of the academic semester from 9am to 8pm. This personal tutor can be seen by appointment or within a few minutes in order to assist you with any concerns that you may have.

Our personal tutoring motto is that we want you to "Achieve, Succeed & Excel".

Staff

Entry requirements

A bachelor degree in economics (2.2) or a related discipline such as finance or business (2.1).

Students with a bachelor degree (2.1) in a less related discipline, such as for instance Engineering or Mathematics or other disciplines, can be considered by the course management team on a case-by-case basis.

English language requirements – IELTS 6.5 or above.

How to apply

International students

International (non Home/EU) applicants should follow our international how to apply guide.

Home/EU applicants

Mode Duration Start date Application code Application method
Mode
Full-time
Duration
1 year
Start date
September
Application code
5686
Application method
Mode
Full-time (with internship)
Duration
2 years
Start date
September
Application code
5687
Application method

Postgraduate students and research students should apply through our dedicated application system. Full details of how to do this are supplied on our How to apply section for postgraduate students and our How to apply section for research students.

See our admissions policy (PDF File 544 KB) and complaints policy (PDF File 127 KB).

Accommodation

Students should apply for accommodation at London South Bank University (LSBU) as soon as possible, once we have made an offer of a place on one of our academic courses. Read more about applying for accommodation at LSBU.

Finance

It's a good idea to think about how you'll pay university tuition and maintenance costs while you're still applying for a place to study. Remember – you don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as a postgraduate student.

Postgraduate Application Service

Book a session with one of our specialist Postgraduate Advisors. Over a one on one Advice Session they'll advise you on postgraduate degrees at LSBU that match your interests and experience.

Prepare to start

We help our students prepare for university even before the semester starts. To find out when you should apply for your LSBU accommodation or student finance read How to apply tab for this course.

Enrolment and Induction

Enrolment takes place before you start your course. On completing the process, new students formally join the University. Enrolment consists of two stages: online, and your face-to-face enrolment meeting. The online process is an online data gathering exercise that you will complete yourself, then you will be invited to your face-to-face enrolment meeting.

In September, applicants who have accepted an unconditional offer to study at LSBU will be sent details of induction, which is when they are welcomed to the University and their School. Induction helps you get the best out of your university experience, and makes sure you have all the tools to succeed in your studies.

Read more about Enrolment and Induction.

Suggested reading

Prior to starting the course, you should familiarise yourself with standard macroeconomic and microeconomic topics by reading the following books:

Blanchard, O., Amighini, A. and Giavazzi, F. (2017) Macroeconomics: A European Perspective, 3rd edition. Pearson.

Varian, H.R., 2014. Intermediate microeconomics with calculus: a modern approach. WW Norton & Company.

Fees and funding

For more information, including how and when to pay, see our fees and funding section for postgraduate students.

See our Tuition Fees Regulations (PDF File 160 KB) and Refund Policy (PDF File 102 KB).

Possible fee changes

The University reserves the right to increase its fees in line with changes to legislation, regulation and any government guidance or decisions.

The fees for international students are reviewed annually and the University reserves the right to increase the tuition fees in line with the RPIX measure of inflation up to 4 per cent.

Postgraduate loan (PGL) for Masters study

If you are starting a Masters course, studying either full- or part-time, you may be entitled to apply for a postgraduate study loan. Find out more at our postgraduate fees and funding section.

Scholarships

We offer several types of fee reduction through our scholarships and bursaries. Find the full list and other useful information on funding your studies on the scholarships and fee discounts page.

Fee status

Please check your fee status and whether you are considered a Home, EU or International student for fee-paying purposes and for our regulatory returns, by reading the UKCISA regulations.