Why choose this course
Internationally, business, the wider economy and financial markets are inextricably entwined.
Our MSc in International Economics, Finance and Development course is based in one of the top economics schools in the UK. The course will provide you with an advanced understanding of core economics principles, looking closely at international trade, finance and the market frictions affecting developing economies.
We are ranked in the top 10 for business and economics in the United Kingdom by the Times Higher Education World University Rankings 2020.
What you will study
In addition to providing a thorough understanding of microeconomics, macroeconomics and econometrics, our MSc International Economics, Finance and Development course focuses on two specific areas.
The first area develops expertise in the fields of international trade and international finance, with emphasis on the roles these have on economic development. The second focuses on financial frictions faced by developing and emerging economies.
You will also study stabilisation policy, adjustment and economic liberalisation, and the principal sources of external finance for developing countries. You will find this course particularly relevant if you want to work in research and/or policy-making in international organisations and think-tanks focused on development issues.
The University provides its students with leading facilities, including our recently renovated Library and Learning Centre and a range of computer labs across campus.
For students on this course, a designated computer lab is located at the heart of the School of Economics. You’ll have access to specialist software and have the chance to work and learn together with your peers.
Masters students will be able to build strong relationships with their designated supervisors, while working towards their dissertations over the second part of year.
Our supervisors also offer support in the form of reference letters for future job opportunities and will do so for many years to come.
Our economics research is at the forefront of its field. Within the team of our academics, two members of staff currently hold positions as government advisers, so we can ensure that our expertise is up-to-date. All our staff incorporate their research and professional experience into their teaching, and this is especially clear at postgraduate level.
All our staff are permanent, which enables them to be fully committed and invested in their modules.
The student experience at the School of Economics is vital to the success of our courses and you’ll be encouraged to express yourself and develop to your full potential. We encourage a dialogue between our staff and students, listening to your input and using it to help shape the way our courses are run. Our academic staff teach with a hands-on approach and the School will support you throughout your learning, both during and outside of lectures.
Careers and graduate prospects
We offer careers information, advice and guidance to all students whilst studying with us, which is extended to our alumni for three years after leaving the University.
A masters degree provides a deep understanding of the problems economists are asked to tackle, and enhances employability and the prospect of a rewarding career. You will be taught by experienced research-active experts who can provide real industry insights.
Some of our graduates have embarked on careers in the following roles:
- Analysts (finance, business, data, trade, and sales)
- Audit manager
- Client success manager
- Consultants (international consultant)
- Economic adviser
- Investment management analyst
- Regulatory affairs adviser.
Modules listed are indicative, reflecting the information available at the time of publication. Please note that modules may be subject to teaching availability, student demand and/or class size caps.
Important: In light of the Covid-19 pandemic, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the 2020/21 academic year. These changes include the implementation of a hybrid teaching approach. View detailed information on the changes.
The University operates a credit framework for all taught programmes based on a 15-credit tariff. Modules can be either 15, 30, 45 or 60, 75 and 120 credits, and additionally for some masters dissertations, 90 credits.
The structure of our programmes follows clear educational aims that are tailored to each programme. These are all outlined in the programme specifications which include further details such as the learning outcomes:
Course timetables are normally available one month before the start of the semester. Please note that while we make every effort to ensure that timetables are as student-friendly as possible, scheduled teaching can take place on any day of the week (Monday–Friday). Wednesday afternoons are normally reserved for sports and cultural activities. Part-time classes are normally scheduled on one or two days per week, details of which can be obtained from the Academic Hive. View our Timetabling Policy (PDF).
Applicants should normally hold a minimum of a high UK 2:2 or overseas equivalent in single honours Economics.
Applicants who have a joint degree in Economics and a related discipline, or a degree in Mathematics, Statistics, Physics, Chemistry, Engineering or Computer Science should normally hold a UK 2:1 degree or overseas equivalent.
Alternatively we will consider a UK 2:1 or overseas equivalent in another subject if you achieve above 60 per cent (UK grading or overseas equivalent) in Macroeconomics and Microeconomics modules and one other module from Algebra, Calculus, Mathematics, Probability, Quantitative Methods or Statistics.
Applicants not meeting the above entry requirements who hold a 2.2 in a relevant subject may still be considered if they hold a minimum of 12 months graduate work experience in a position relevant to the programme to which they have applied.
View entry requirements by country
English language requirements
IELTS Academic: 6.5 overall with 6.0 in each element.
View the other English language qualifications that we accept.
If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.
The University of Surrey recognises that many students enter their higher education course with valuable knowledge and skills developed through a range of professional, vocational and community contexts. If this applies to you, a process called recognition of prior learning (RPL) may allow you to enter your course at a point appropriate to your previous learning and experience, or to join the start of a course without the formal entry requirements. This means that you may be exempt from certain elements of study in the course for which you have applied and be awarded credit based on your previous qualifications/experience. There are restrictions on RPL for some courses and fees may be payable for certain claims.
Please see the code of practice for recognition of prior learning and prior credit: taught programmes (PDF) for further information. Please email Admissions with any queries.
- These fees apply to students commencing study in the academic year 2020-21 only. Fees for new starters are reviewed annually.
- If you are on a two-year or three-year part-time structured masters course, the annual fee is payable in Year 1 and Year 2 of the course.
There are associated costs with this programme:
- £35/£75 - STATA software licence (6 or 12 months)
- £35 - Eviews student software licence (free lite version available).
Grand total: £70-110.
You may be able to borrow money to help pay your tuition fees and support you with your living costs. Find out more about postgraduate student finance.
Terms and conditions
When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations, and our terms and conditions. These terms and conditions are provided in two stages: first when we make an offer and second when students who have accepted their offers register to study at the University. View an example of our offer terms and conditions and our generic registration terms and conditions (PDF) as a guide as to what to expect.
Please note: our offer terms and conditions will generally be available in the September of the calendar year prior to the year in which you begin your studies. Our registration terms and conditions will vary to take into account specifics of your course and changes for the specific academic year.
This online prospectus has been prepared and published in advance of the academic year to which it applies. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. Read more.
Further, in light of the COVID-19 pandemic, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21. These changes include the implementation of a hybrid teaching approach during 2020/21. Detailed information on all changes is available at our dedicated course changes webpage. This webpage sets out information relating to general University changes, and will also direct you to consider additional information relating to specific programmes.