Overview
Faculty
Program Activities
Curriculum
Specializations
Waiver Exams
Faculty Seminars
Academic Year 16/17
Academic Year 15/16
Events Calendar
External Resources
Contact

The International Economics Program provides students with a firm grasp of the theory and tools of economics, finance, and the functioning of the international economic system. These skills are an important component of modern training in international affairs. In addition, the advanced courses in the program can be used to prepare interested students for a variety of careers in international economic and financial analysis as well as in business.

The study of economics is an integral part of the academic program at Johns Hopkins SAIS. The strong emphasis placed on economics in the curriculum is one of the unique characteristics that set us apart from other graduate programs in international affairs. Thus, in partial fulfillment of the MA in International Relations, all students must complete a concentration in International Economics by passing a minimum of four (4) economics courses formally taken at Johns Hopkins SAIS, over and above any economics courses that might be waived.

This required concentration is designed to provide students with a solid understanding of economic theories and concepts as well as the important role economic processes play in international affairs. Whether you are interested in pursuing a career in international finance, public policy, business, or economic development, our program will provide you with the knowledge, skills, and analytical capacity required for success in the public, private, and non-profit sectors.

For more information regarding our seminar series, please see the current schedule here [2].
To view our course offerings for the spring semester, please see our class map here [3].

Jeff Raider (S'04) speaks with Professor Leeds on his journey from SAIS to entrepreneurial success.
Montek Singh Ahluwalia and Professor Pravin Krishna at the "Global Governance: An Assessment" talk on April 20, 2016.
Liu Mingkang and Professor Roger Leeds discussing "China's New Economic Plans: Implications for China, Asia and the Global Economy," March 29, 2016.
Show More

Faculty

  • [4]
    Gordon
    Bodnar
    [5]
    Morris W. Offit Professor of International Finance, Director of the Master of Arts in International Economics and Finance, and Director of International Economics
    Washington, D.C.
    Email [6]
  • [7]
    Roger
    Leeds
    [8]
    Senior Research Professor, Director of the Center for International Business and Public Policy
    Washington, D.C.
    Email [9]
  • [10]
    Michael G.
    Plummer
    [11]
    Director, SAIS Europe, Eni Professor of International Economics
    Bologna, Italy
    Email [12]
  • [13]
    Filippo
    Taddei
    [14]
    Associate Professor of the Practice of International Economics, Director of the Bologna Institute for Policy Research, Academic Director, Master of Arts in Global Risk
    Bologna, Italy
    Email [15]
  • [16]
    Cristino
    R.
    Arroyo
    [17]
    Senior Lecturer and Associate Director of International Economics
    Washington, D.C.
    Email [18]
  • [19]
    Jaime
    Marquez
    [20]
    Senior Adjunct Professor in International Economics
    Washington, D.C.
    Email [21]
  • [22]
    John
    M.
    Harrington
    [23]
    Senior Lecturer of International Economics
    Washington, D.C.
    Email [24]
  • [25]
    Jonathan
    D
    Hoddenbagh
    [26]
    Assistant Professor of International Economics
    Washington, D.C.
    Email [27]
  • [28]
    Pravin
    Krishna
    [29]
    Chung Ju Yung Distinguished Professor of International Economics and Business
    Washington, D.C.
    Email [30]
  • [31]
    Adnan
    Kummer
    [32]
    International Economics
    Washington, D.C.
    Email [33]
  • [34]
    Matthias
    Matthijs
    [35]
    Assistant Professor of International Political Economy
    Washington, D.C.
    Email [36]
  • [37]
    Erika
    Meucci
    [38]
    Lecturer in Mathematics
    Bologna, Italy
    Email [39]
  • [40]
    Vikram
    Nehru
    [41]
    Distinguished Practitioner-in-Residence
    Washington, D.C.
    Email [42]
  • [43]
    Fernando
    Parro
    [44]
    Assistant Professor of International Economics
    Washington, D.C.
    Email [45]
  • [46]
    Paul
    Piveteau
    [47]
    Assistant Professor of International Economics
    Washington, D.C.
    Email [48]
  • [49]
    Federico
    Rossi
    [50]
    Vera and Stefano Zamagni Assistant Professor of Development Economics
    Bologna, Italy
    Email [51]
  • [52]
    Mine
    Z.
    Senses
    [53]
    Associate Professor of International Economics
    Washington, D.C.
    Email [54]
  • [55]
    Heiwai
    Tang
    [56]
    Associate Professor of International Economics
    Washington, D.C.
    Email [57]
  • [58]
    Carlos
    A.
    Vegh
    [59]
    Fred H. Sanderson Professor of International Economics
    Washington, D.C.
    Email [60]
  • [61]
    Mark
    White
    [62]
    Associate Practitioner-in-Residence in the International Economics Program
    Washington, D.C.
    Email [63]

Program Activities

 

Learning Beyond the Classroom

The International Economics Program offers students the opportunity to gain knowledge outside of the classroom through weekly faculty seminars and regularly scheduled brown bag discussions.

 

Faculty Seminars

The International Economics Program holds regular seminars on Thursday afternoons, where invited professors present and receive feedback on research papers.  These seminars are open to the school's community. You may find a copy of the Seminar Series schedule here [2].

If you would like to be added to our distribution list, please fill out the form here [64].
 

 

Brown Bag Events

The International Economics Program holds regular brown bag lunches on Wednesdays, where professors and invited guests discuss and receive feedback on preliminary research ideas.

Curriculum

 

International Economics | MA Academic Requirements

International Economics Learning Goals and Objectives [65]

Entering Class 2017-2018 (prior entering class requirements are archived below)

Every MA student is required to complete a concentration in International Economics. Students must successfully complete four economics courses. At a minimum, these four course include:

  • Microeconomics (intermediate)
  • Macroeconomics (intermediate)
  • International Trade Theory
  • International Monetary Theory

Students may also choose to pursue a specialization (4 elective courses) in the following areas:

  • Quantitative Methods and Economic Theory
  • International Finance
  • Development Economics
  • Economic Policy
  • Infrastructure Finance and Policy
 

International Economics Concentration Requirements

Concentration Course Requirement

Students must take and successfully complete a minimum of four credit-bearing courses (16 credits) from the International Economics program and maintain a GPA of at least 2.67 in these four courses. Students who pass Microeconomics in Pre-Term must successfully complete a minimum of three credit-bearing courses (12 credits) and must maintain at least a 2.67 in these three courses.

Fundamental Course Requirements:

Must demonstrate proficiency in intermediate-level courses in Microeconomics and Macroeconomics by either passing these courses (or the Accelerated version) as part of the minimum economics course requirement, passing Microeconomics in Pre-Term or passing the respective waiver exam.*

Core Economics Course Requirements:

Must demonstrate proficiency in intermediate-level courses in International Trade Theory and International Monetary Theory by either passing these courses (or the Accelerated version) as part of the minimum economics course requirement, or passing the respective waiver exam.*

*If proficiency in any of the above courses is achieved by passing waiver exams or through any approved arrangements, the student must take International Economics program elective courses to replace the waived courses in order to meet the four International Economics course requirements (16 credits) above. Students who pass Microeconomics in Pre-Term will only be required to take three additional economics courses (12 credits) to meet the overall requirement. The Pre-Term Microeconomics course is not for credit and is not factored into the GPA.

Concentration GPA Requirement
Students must achieve an average GPA of 2.67 or higher in the four (or three if Micro is passed in Pre-Term) International Economics program courses used to meet the concentration course requirements or they must retake a required course(s) until a 2.67 average is obtained. In the standard case, this GPA will be the average of the grades of Microeconomics, Macroeconomics, International Trade Theory and International Monetary Theory taken during the regular terms. When one or more of these four courses has been waived, the school will use the highest International Economics program elective course grade(s) on the student's transcript as a substitute for the waived course(s) in computing this four-course GPA average.

See here [66] for a guideline on course grading in large International Economics program courses at the school.

 

Economics Specializations Course Requirements (Optional)

Economics Specializations:

For students with sufficient interest and room in their two-year program of study, we allow specialization in any of the following areas of International Economics:

  • Quantitative Methods and Economic Theory
  • International Finance
  • Development Economics
  • Economic Policy
  • Infrastructure Finance and Policy

Each of these generally require a set of four additional electives in the specialization area, with some specializations having other additional requirements. Students who achieve a specialization will have this appropriately denoted on their transcript. Completing an economics specialization is NOT required for fulfilling the MA, however, students with superior economics preparation or aptitude are encouraged to attempt one.

 

MA Oral Exam to Compete for Honors

The MA oral exam tests students’ knowledge of international economics and their chosen functional or regional concentration. Exams are held in August, December and May and are scheduled by the Registrar’s Office. Only the top 30 percent of the student body are eligible to compete for honors. The 30 percent cutoff is determined by students’ grade point average after their third semester (after the second semester for students who have advanced standing of one semester). Students with conferral dates of August or December will be selected to compete for honors based on the previous May’s GPA cutoff.

Two examiners administer the oral exam: a full- or part-time professor from the student’s functional or regional program, and an international economist from the faculty or from the local academic, government or policy community. If a student is pursuing a third concentration, three examiners will administer the oral exam.

 

PROGRAM REQUIREMENTS BY ACADEMIC YEAR (AY)

Entering Class 2016-2017 [67]
Entering Class 2015-2016 [68]
Entering Class 2014-2015 [69]
Entering Class 2013-2014 [70]
Entering Class 2012-2013 [71]
Entering Class 2011-2012 [72]
Entering Class 2010-2011 [73]
Entering Class 2009-2010 (same as 2010-2011)
 

Specializations

For students graduating in May of 2018, specialization forms are due NO LATER than Friday, May 18, 2018.
Applications for the December graduating class will be audited and reviewed October 9-13 and applications of students graduating in May will be audited and reviewed March 19-22. You will receive a confirmation email of receipt of your application as well as any issues which may be present in your application following these audits. We recommend submitting an application prior to the start of your final semester at Johns Hopkins SAIS; the application is not binding and can be altered after being submitted to allow for a change in coursework to meet the requirements of the specialization. To view the classes required for the specialization, please click through to the application.

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. Specializations are offered in five areas of economics.

These specializations include:

  • Quantitative Methods and Economic Theory    
  • International Finance
  • Infrastructure Finance and Policy
  • Development Economics
  • Economic Policy


Requirements for Specializations

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/elective courses from area-specific lists found below.

Specializations are offered in five 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 analytical (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 Infrastructure Finance and Policy – focuses on financial modeling, economics, and policy issues associated with infrastructure investments and other public private partnerships.  
  • Specialization in Development Economics – focuses on a range of issues of transitioning countries with an emphasis on economic growth and development.
  • Specialization in Economic Policy – focuses on market, regulatory and 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 MA 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 economic knowledge and workload than the general International Economics requirement. Students with no prior background in economics and 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. However, courses applied to an international economics specialization may also be applied to a regional or functional concentration's requirements otherwise specified by that concentration.

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.

Note on SAIS Europe Courses
Students at SAIS Europe should check the curriculum listings for each semester to determine the economics courses offered.


Specialization in Quantitative Methods and Economic Theory

Click here [74] to submit your application.


Specialization in International Finance

Click here [75] to submit your application.


Specialization in Infrastructure Finance and Policy

Click here [76] to submit your application.


Specialization in Development Economics

Click here [77] to submit your application.


Specialization in Economic Policy

Click here [78] to submit your application.

 

 

 

 

Waiver Exams

Basic Rules of the Waiver Exam
Waiver exams are available for microeconomics, macroeconomics, international trade theory, international monetary theory, and statistics. These exams are administered online, so students should apply to the exam cycle(s) which correspond with the campus at which they will be/are currently attending. To qualify for the waiver exams, students must show transcript records from his or her prior academic institution indicating completion of the equivalent economics or statistics course with a "B-" grade or better. All waiver exams, except statistics, must be taken before the start of the student's third semester at SAIS. Students who have received a letter or pass/fail grade for the corresponding course (SA.300.699/SA.300.700 for Microeconomics, SA.300.701/SA.300.706 for Macroeconomics, SA.300.707/SA.300.851 for International Trade Theory, SA.300.708/SA.300.852 for International Monetary Theory, and SA.340.709 for Statistics) naturally become ineligible for that course's waiver exam. Students may only attempt a waiver exam once, and only passing results will be recorded on their transcript. Waiver exams are administered online during fixed cycles (listed below). Students may request an out of cycle exam at the cost of a non-negotiable, non-refundable administrative fee. Students are ultimately responsible for reviewing and observing the full statement of rules, policies, and procedures below. Any departure from or violation of these rules may render a student's exam invalid and, in the case of honor code violations, may result in further academic penalties.

How to Apply
For regular cycle applications, please email a copy of your unofficial transcript(s) along with a message detailing during which cycle you would like to take the exam, for which exams you are applying to sit, and an indication of which courses on your transcript(s) you are using as proof of eligibility to waive out of to econwaiver@jhu.edu [79]. Please submit your application no later than two weeks before the scheduled exam date.

Upcoming Exams

  • May 30- June 1, 2018 (DC and HNC)
  • June 19-20, 2018 (SAIS Europe)
  • August 7-8, 2018 (SAIS Europe)
  • August 21-23, 2018 (DC and HNC)
  • September 4-5, 2018 (SAIS Europe)
  • November 27-28, 2018 (SAIS Europe)
  • January 22-24, 2019 (DC and HNC)
  • January 29-30, 2019 (SAIS Europe)


The International Economics Program offers students with prior equivalent coursework in microeconomics, macroeconomics, international trade, international monetary theory, or statistics the option to take waiver examinations in each subject in order to facilitate the attainment of the economics requirements of the MA Degree. Click on each link below and read thoroughly as there are specific rules that apply to the economics waiver process.

Faculty Seminars

Fall 2017 Seminars

September 21st, 2017
Ariell Reshef [87] - Paris School of Economics
Techies, Trade, and Skill-Based Productivity: Firm-Level Evidence from France

September 28th, 2017
Sophie Osotimehin [88] - University of Virginia
Misallocation and Intersectoral Linkages

October 5th, 2017
Shang-Jin Wei [89] - Columbia University
Re-Examining the Impact of US-China Trade on Local US Labor Markets:
A Supply Chain Perspective

October 19th, 2017
Victor Shih [90] - University of California, San Diego
Coalitions of the Weak: Mao's Power Strategy and Implications for the Present

October 26th, 2017
Michael Devereux [91] - University of British Columbia
Capital Controls and Monetary Policy in a Sudden Stop Economy

November 2nd, 2017
Teresa Fort [92] - Tuck School of Business
Offshoring and Reorganization

November 15th, 2017
Cheng Chen [93] - University of Hong Kong
Imperfect Information and Learning in the International Market

November 16th, 2017
Ritam Chaurey [94] - Binghamton University
Creditor Rights, Threat of Liquidation, and Labor-Capital Choice of Firms

November 30th, 2017
Benjamin Faber [95] - University of California, Berkeley
E-Commerce Integration and Economic Development: Evidence from China

December 6th, 2017
Federico Rossi [96] - Johns Hopkins University SAIS
The Relative Efficiency of Skilled Labor across Countries: Measurement and Interpretation

 

Spring 2018 Seminars*

March 1st, 2018
Kei-Mu Yi [97] - University of Houston

Global Value Chains and Inequality with Endogenous Labor Supply

March 7th, 2018
Tamon Asonuma [98] - International Monetary Fund

Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?

March 15th, 2018
Natalia Ramondo [99] - University of California, San Diego

April 5th, 2018
Brent Bundick [100] - Kansas City Federal Reserve

April 18th, 2018
François de Soyres [101] - The World Bank

April 19th, 2018
David Weinstein [102] - Columbia University

Aggregating From Micro to Macro Patterns of Trade

April 26th, 2018
Tommaso Porzio [103] - University of California, San Diego

May 3rd, 2018
Kerem Cosar [104] - University of Virginia

If you would like to be added to our distribution list for future seminars, please fill out the form here [64].

*This schedule will be updated with more confirmed guests and presentation titles as they become available

Academic Year 16/17

Fall 2016 Seminars

September 15th, 2016
Pablo Ottonello - University of Michigan
The Currency Composition of Sovereign Debt

September 29th, 2016
Xiaodong Zhu - University of Toronto
Trade, Migration, and Productivity: A Quantitative Analysis of China

October 6th, 2016
Javier Bianchi - Federal Reserve Bank of Minneapolis
Exchange Rates Policies at the Zero Lower Bound

October 12th, 2016
Hiau Looi Kee - The World Bank
Trade Fraud, Trade Elasticities, and Non-Tariff Measures

October 20th, 2016
Ayhan Kose - The World Bank
How Important are Spillovers from Major Emerging Markets

October 27th, 2016
Anh Tran - University of Indiana
One Mandarin Benefits the Whole Clan: Hometown Favoritism in an Authoritarian Regime

November 10th, 2016
Anton Korinek - Johns Hopkins University
Currency Wars or Efficient Spillovers?

November 17th, 2016
Lee Branstetter - Carnegie Mellon University
If It Can’t Bend, It Breaks: The China Shock and Portuguese Manufacturing

December 1st, 2016
William Maloney - The World Bank
Specialization Dynamics, Convergence, and Idea Flows

 

Spring 2017 Seminars

February 9th, 2017
Taryn Dinkelman - Dartmouth College
Labor Migration, Capital Accumulation, and the Structure of Rural Labor Markets

February 14th, 2017
Rodney Andrews - University of Texas, Dallas
Michael Lovenheim - Cornell University
William Rodgers III - Rutgers University
Race, Education and the Labor Market: Where Do We Go From Here?

March 2nd, 2017
German Cubas - University of Houston
Progressive Taxation and Efficient Occupational Mobility

March 8th, 2017
Ernest Liu - MIT
Industrial Policies and Economic Development

March 9th, 2017
Sharun Mukand - University of Warwick
Propaganda and Nation Building: Evidence from Kagame’s Rwanda

March 16th, 2017
Daniel Xu - Duke University
Two-Sided Search in International Markets

April 6th, 2017
Jonathan Dingel - University of Chicago
The Spatial Structure of Endowments, Trade, and Inequality: Evidence from the Global Climate

April 12th, 2017
Filipe Campante - Harvard University
Long Range Growth: Economic Development in the Global Network of Air Links

April 20th, 2017
Thierry Mayer - Sciences Po
Brands in Motion: How Frictions Shape Multinational Production

April 27th, 2017
Matilde Bombardini - University of British Columbia
Trade, Pollution and Mortality in China

May 4th, 2017
Cecile Gaubert - University of California, Berkeley
Tourism and Economic Development: Evidence from Mexico’s Coastline


Academic Year 15/16

Fall 2015 Seminars

September 10th, 2015
Shareen Joshi - Georgetown University
Troubled Waters: Pollution, Legislation and Child Health Along the Ganges

September 24th, 2015
Julien Martin - Université du Québec à Montréal
Knocking on Tax Haven’s Door: Multinational Firms and Transfer Pricing

October 1st, 2015
Gregory Wright - University of California, Merced
Immigration, Trade and Productivity in Services: Evidence from U.K. Firms

October 8th, 2015
Colin Hottman - Board of Governors of the Federal Reserve
Retail Markups, Misallocation, and Store Variety in the U.S.

October 15th, 2015
Frank Bohn - Radboud University
Political Cycles: Uniformed vs. Unsophisticated Voters

October 28th, 2015
Cristina Tello-Trillo - U.S. Census Bureau
The Impact of Trade on Managerial Incentives and Productivity

October 29th, 2015
Xiaoxue Zhao - Duke University
To Reallocate or Not? Optimal Land Institution under Communal Tenure: Evidence from China

November 5th, 2015
Ann Harrison - Wharton School
When do Firms go Green? Comparing Price Incentives with Command and Control Regulations in India

November 19th, 2015
Dany Bahar - The Inter-American Development Bank
Migration, Knowledge Diffusion and the Comparative Advantage of Nations

December 10th, 2015
Daniel Dias - Board of Governors of the Federal Reserve
Learning, Prices, and Firm Dynamics

December 17th, 2015
Eunhee Lee - Yale University
Trade, Inequality, and the Endogenous Sorting of Heterogeneous Works



Spring 2016 Seminars

March 2nd, 2016
Martina Kirchberger - Columbia University
Pollution, Crime, and Mistrust Across Space: Evidence from Sub-Saharan Africa

March 3rd, 2016
Kim Ruhl - Stern School of Business
Global Imbalances and Structural Change in the U.S.

March 10th, 2016
Davin Chor - University of Singapore
“Just Do Your Job”: Obedience, Routine Tasks, and the Patterns of Specialization

March 24th, 2016
Bruce Blonigen - University of Oregon
The Effects of Mergers and Acquisitions on Market Power and Efficiency

March 29th, 2016
Paola Conconi - Université Libre de Bruxelles
From Final Goods to Inputs: the Protectionist Effect of Rules of Origin

March 31st, 2016
Damiano Sandri - International Monetary Fund
Dealing with Systematic Sovereign Debt Crises: Fiscal Consolidations, Bail-ins, or Official Transfers

April 7th, 2016
Steven Pennings - The World Bank
Cross-Regions Transfers in a Monetary Union: Evidence from the US and Implications for Europe

April 14th, 2016
Ferdinando Monte - Georgetown University
Local Incidence of Trade Shocks

April 21st, 2016
Andres Fernandez Martin - IADB Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies

April 28th, 2016
Horacio Sapriza - Federal Reserve Board
Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel During the European Sovereign Debt Crisis


Events

External Resources

 

Economics Resources

International Economic Tutor List
Please note that the international economics department only organizes the list of tutors. You must contact the tutor directly to work out the logistics.

Click here [105] to access the current list of tutors.

International Economic and Financial Institutions

The International Monetary Fund - IMF [106]
The World Bank - World Bank [107]
Bank of International Settlements - BIS [108]
Organization for Economic Co-Operation and Development - OECD [109]

Johns Hopkins SAIS Library International Economics and Business Research Guide [110]

US Economic and Financial Institutions

The Federal Reserve -  Federal Reserve [111]
US Department of Commerce - Commerce Department [112]
USDC Bureau of Economic Analysis - Bureau of Economic Analysis [113]
US International Trade Commission - International Trade Commission [114]
US Securities and Exchange Commission - SEC [115]

Data Sources

Stock Quotes - Nasdaq [116]
Exchange Rates - Exchangerates.com [117]

 

Contact Us


Gordon Bodnar
Morris W. Offit Professor of International Finance, Director of the International Economics Program
bodnar@jhu.edu [118]
Bernstein-Offit 704

Savannah Altvater
Program Coordinator
saltvater@jhu.edu [119]
Bernstein-Offit 705

Address & Phone

International Economics
Bernstein-Offit Building
1717 Massachusetts Ave., NW
7th Floor
Washington, DC
20036