A student's specialization application along with a copy of his/her transcript must be submitted to the International Economics Program Office (Bernstein-Offit 705) before the beginning of the student's last semester at SAIS.

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 International Economics 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

In addition, students must complete a combination of required/electivecourses from area-specific lists found below.

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 DevelopmentMicroeconomics – focuses on a range of issues of developing and transitioning countries with an 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 International Economics 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 toward 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-International Economics Program courses may be added or deleted. Any changes will be announced at the beginning of each academic year.

____________________________________________

Specialization in Quantitative Methods and Economic Theory

Checklist Form for Class 2013

Checklist Form for Class of 2012 and Prior

Required courses for the specialization:

1. 340.710 Econometrics (advanced math section in Washington, D.C., 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

300.713 Game Theory
320.740 Cost-Benefit Analysis
340.734 Quantitative Global Economics


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 only be credited with completing the International Economic Concentration requirement.

If students have questions pertaining to the specialization in Quantitative Methods and Economic Theory, contact Professor Cristino Arroyo (carroyo@jhu.edu).

_______________________________________________


Specialization in International Finance

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 (Offered in Bologna)

4. ONE course from the following list (not counting courses used to satisfy requirements above):

300.727 Understanding and Managing Risks to the International Financial System
320.726 Financing Development
380.725 Global Bond and 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 (Offered in Bologna)
380.783 Regulation of International Financial Markets
380.834 Project Finance
380.840 Global Financial Markets and Institutions
390.101 Global Business Strategy
380.777 International Financial Institutions (Offered in Bologna)
TBD Applied International Financial Issues (Offered in 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 online 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 to 15 hours and a small registration fee.

OR

  • Show transcript evidence of at least one semester of financial accounting within the past five 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 (online HBSP course) (SA380.101) - financial statement analysis and basic corporate finance concepts
  • Corporate Valuation (SA380.102)- a live one-weekend seminar at SAIS in Washington, D.C., offered by Training the Street (fall semester)
  • Financial Modeling(SA380.103) - live one weekend seminar at SAIS in Washington, D.C., offered by Training the Street(springsemester)

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 only 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, contact: Professor Gordon Bodnar (bodnar@jhu.edu).

______________________________

Specialization in Development Microeconomics

Checklist Form for Students Entering in Fall 2012

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. ONEof the followingcourses

300.754 Public Finance
320.740 Cost-Benefit Analysis
320.738 Trade Policy in Transition and Development

340.731 Applied Econometrics
380.743 Economic Growth and the Environment (Offered in Bologna)
840.715Economics of Immigration
840.712 Dynamics of Commodity Economics

5. Participate in at least three International Economics Program seminars, held on Thursdays, from 4:30 to 6 p.m. Contact Sherry Russo (sherryrusso@jhu.edu) to be placed on the mailing list for these seminars. (Students mustsign in at the seminar to receive credit for attending the session.)

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 SAIS Bologna Center. See the Career Services website or contact Martina Leinz (mleinz@jhu.edu) for further information.


Consulting Skills

Introductory Financial Accounting
Project Management

Quantitative Analysis
Resume Preparation and Interviewing for Jobs With Development NGOs
Social Entrepreneurships
Writing for Results: Policy Memos


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 only be credited with completing the International Economics Concentration requirement.

If you have questions pertaining to the specialization in DevelopmentMicroeconomics, contact:Professor Monica Martinez-Bravo (mmb@jhu.edu) or Professor Leo Feler (lfeler@jhu.edu).

___________________________________

Specialization in Economic Policy

Checklist Form

Required Courses for the Specialization:

  1. Basic Quantitative Tools Course (Required): Choose one (1) course

    300.713 Game Theory
    320.740 Cost-Benefit Analysis
    340.710 Econometrics (either regular or advanced math)
    340.713 Risk Analysis and Modeling

  2. Policy and Applied Theory Course: Choose one (1) course

300.717 International Trade System
300.718 International Monetary System

300.743 Advanced Topics in Trade Theory
300.744 Advanced Topics in Monetary Theory

300.754 Public Finance

320.735 Topics in Growth and Development
320.738 Trade Policy in Transition and Development

3. Micro and Macro Policy/Issues: Choose two (2) courses (Separately from the course used for requirement 2 above.)

300.717 International Trade System

300.718 International Monetary System
300.719 European Economic Integration (Offered in Bologna)

300.727 Understanding and Managing Risks to the International Financial System
300.728 Public Sector Economics (Offered in Bologna)

300.729 Asian Economic Development (Offered in Bologna)

300.736 Organization and Regulation of Infrastructure
300.737 Economic Growth and the Environment (Offered in Bologna)

300.743 Advanced Topics in Trade Theory

300.744 Advanced Topics in Monetary Theory

300.754 Public Finance

320.735 Topics in Growth and Development
320.738 Trade Policy in Transition and Development
320.750 Comparative Perspectives on Economic Growth and Development

380.722 International Financial Markets
380.776 Financial SectorReform and Development
380.783 Regulation of International Financial Markets

400.819 Financial Sector Developments and Reform in Emerging Markets
400.820 Financial Globalization, Currency Crisis and Emerging Markets

680.851 Economics of Natural Resources
840.712 Dynamics of Commodity Economies
840.715 Economics of Immigration

Grade Requirement

In order to receive theEconomic PolicySpecialization, 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 only be credited with completing the International Economic Concentration requirement.

If you have questions pertaining to the specialization in Economic Policy, contact: Professor Cristino Arroyo (carroyo@jhu.edu).