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/elective courses from area-specific lists. Specializations are offered in four 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 both the technical (quantitative) skills of economics and the analyticals (theoretical) aspects of the disciplines. Specialization in International Finance - focuses on financial markets and financial decision making in the area of international economics. Specialization in Development Microeconomics - focuses on a range of issues of developing and transitioning countries emphasis on microeconomics development. Specialization in Economic Policy - focuses on market and regulatory/institutional aspects of policy problems of either the micro or macro variety and practical applications of economic thought to policy problems in any of the trade, monetary/finance, or growth/development arenas.
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. 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 Specializations Courses that appear in multiple specialization lists may be counted towards only ONE specialization. Note on Cross Listed Courses: 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.
CLICK FOR CHECKLIST FORM FOR CLASS 2013 (CHECKLIST FORM WITH REQUIREMENTS FOR CLASS OF 2012 AND PRIOR ) Required Courses for the Specialization: 1. 340.710 Econometrics (advanced math section in DC is recommended) 2. 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 300.713 Game Theory 4. ONE of the following courses: 300.713 Game Theory 300.717 International Trade System 300.718 International Monetary System 300.743 Advanced Topics in Trade Theory 300.744 Advanced Topics in Monetary Economics 300.754 Public Finance 320.740 Cost-Benefit Analysis 340.731 Applied Econometrics 340.734 Quantitative Global Economics 340.735 Macroeconometrics 380.760 Corporate Finance 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. Back to top of page | Back to Curriculum Page
Click for Checklist Form Required Courses for the Specialization: 1. 380.761 Multinational Corporate Finance 2. ONE of the following case courses: 380.763 Case Studies in International Financial Transactions 380.776 Financial Sector Reform and Development 380.778 Private Equity in Developing Countries 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 380.771 Financial Derivatives and Risk Management 380.772 Global Investment Management 380.783 Regulation of International Financial Markets 380.817 Fixed Income Securities (Bologna) 4. ONE course from the following list (not counting courses used to satisfy requirements above): 300.727 Understanding & Managing Risks to the International Financial System 320.726 Financing Development 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) 380.783 Regulation of International Financial Markets 380.834 Project Finance 380.840 Global Financial Markets/ Institutions 390.101 Global Business Strategy 380.777 International Financial Institutions (Bologna) TBD Applied International Financial Issues (Bologna) ACCOUNTING REQUIREMENT The finance specialization also requires that students develop a minimum proficiency in Financial Accounting. This involves two parts: Part 1: Financial Accounting - basic accounting and introduction to financial statements Pass the on-line Introductory Financial Accounting Course (SA380.100) 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. for more information or to register please click here
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 - ratio analsysis and/or financial statement building and modeling Students must take AT LEAST ONE of the following skills courses offered through the Professional Development Skills Course Program of SAIS Career Services to complete Part 2 of the accounting requirement. The courses are: - Finance (on-line HBSP course) (SA380.101) - financial statement analysis and basic corporate finance concepts
for more information or to register please click here - Corporate Valuation (SA380.102) - a live one-weekend seminar at SAIS in DC offered by Training the Street (fall semester)
for more information or to register please click here - Financial Modeling (SA380.103) - live one weekend seminar at SAIS in DC offered by Training the Street (spring semester)
for more information or to register please click here
GRADE REQUIREMENT To receive the International Finance Specialization, students must maintain a B+ AVERAGE across the four courses used for the specialization. Students not maintaining a B+ AVERAGE across 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. Back to top of page | Back to Curriculum page
Click for Checklist Form (Click for Checklist Form for Class of 2012 and prior ) Required Courses for the Specialization: 1. 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. 320.744 Economic Development 3. 320.731 Microeconomics of Development 4. ONE of the following courses 340.731 Applied Econometrics 320.738 Trade Policy in Transition & Development 380.743 Economic Growth and the Environment (Bologna) 300.754 Public Finance 320.740 Cost-Benefit Analysis 840.715 Economics of Immigration 840.712 Dynamics of Commodity Economics 5. Participate in at least THREE International Economics Program seminars, held on Thursdays, 4:30-6pm. Contact Sherry Russo (sherryrusso@jhu.edu) to be placed on the mailing list for these seminars. (Must sign in at the seminar to receive credit for attending the seminars.) 6. Participate in at least TWO of the following professional development skills courses or workshops through Career Services. Some of these can be done online and can be completed from the Bologna Center. See the Career Services website (http://www.sais-jhu.edu/students/career-services/programming/skills-courses.htm) or contact Martina Leinz (mleinz@jhu.edu) for further information. Quantitative Analysis Consulting Skills Project Management Introductory Financial Accounting Social Entrepreneurships Writing for Results: Policy Memos Resume Preparation and Interviewing for Jobs with Development NGOs Other professional development skills courses and workshops will be offered periodically and added to this list. GRADE REQUIREMENT In order to receive the Specialization in Development Microeconomics, 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 Microeconomics please contact: Prof. Monica Martinez-Bravo (mmb@jhu.edu) or Prof. Leo Feler (lfeler@jhu.edu). Click for Checklist Form Required Courses for the Specialization: - Basic Quantitative Tools Course (Required): Choose one (1)
340.710 Econometrics (either regular or advanced math) 320.740 Cost-Benefit Analysis
- Policy and Applied Theory Course: Choose one (1) course
300.743 Advanced Topics in Trade Theory 300.744 Advanced Topics in Monetary Theory 300.717 International Trade System 300.718 International Monetary System 320.738 Trade Policy in Transition and Development 320.735 Topics in Growth and Development 300.754 Public Finance
- Micro and Macro Policy/Issues: Choose two (2) courses (Separately from the course used for Requirement 2 above.)
300.743 Advanced Topics in Trade Theory 300.744 Advanced Topics in Monetary Theory 300.717 International Trade System 300.718 International Monetary System 320.738 Trade Policy in Transition and Development 320.735 Topics in Growth and Development 300.754 Public Finance 300.736 Organization and Regulation of Infrastructure 300.727 Understanding and Managing Risks to the International Financial System 320.750 Comparative Perspectives on Economic Growth and Development 320.735 Topics in Growth and Development 380.776 Financial Sector Reform and Development 380.722 International Financial Markets 380.783 Regulation of International Financail Markets 400.820 Financial Globalization, Currency Crisis and Emerging Markets 400.819 Financial Sector Developments and Reform in Emerging Markets 680.851 Economics of Natural Resources 840.712 Dynamics of Commodity Economies 840.715 Economics of Immigration 300.728 Public Sector Economics (Bologna course) 300.719 European Economic Integration (Bologna course) 300.737 Economic Growth and the Environment (Bologna course) 300.729 Asian Economic Development (Bologna course)
If you have questions pertaining to the specialization in Economic Policy please contact: Professor Cristino Arroyo, carroyo@jhu.edu Back to top of page | Back to Curriculum page |