Postgraduate Degree Programme

MASTER OF International Economic Relations

Next Term Start: October 14, 2024

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OVERVIEW

The field of international economic relations focuses on the consequences of economic interaction between countries. These interactions include trade in goods, services, assets, and ideas, and indirect macroeconomic effects, as well as the effects of rules, regulations, and policies such as tariffs, trade quotas, controls on the international flow of capital, and the exchange rate system. There are important consequences of these interactions including unemployment and inflation, the rise or fall of particular industries, and outcomes for different classes of workers. These factors affect national well-being, economic stability, inequality, and political movements, which in turn influence economic policy making. Coursework in this field prepares students by teaching economic theory, political theory, statistics, and various types of empirical analyses.

Flexibility for your degree

The Master of International Economic Relations (MAIER) degree integrates international economics with policy and institutional analysis for careers in global and regional institutions, government agencies and the private sector. The IER degree is ideal for students who want to combine hard quantitative skills with a strategic understanding of the institutions and policy environment in which they work or will work. Embracing development, environmental policy and issues related to emerging markets and low-income countries.

I. Core Courses

Scientific Research Methodology

Course name: Scientific Research Methodology

Course code: MECO101

Credit hours: 4.00


The course aims to train students to prepare research in economics science, by identifying the most important steps of the research process such as the research problem, scientific hypotheses, concepts and variables, data collection methods, data analysis tools, reaching results and generalizations, in addition to introducing the most important approaches used in field of economics science.
The curriculum’s inputs include: the form and type of knowledge, learners’ characteristics, needs, tendencies and interests, the society’s philosophy, values, hopes and aspirations. The outputs of the curriculum are: knowledge, skills, and attitudes.

Econometrics

Course name: Econometrics

Course code: MIER102

Credit hours: 4.00


Objective
The aim of this course is to present the fundamental models and methods in econometrics as well as the basic asymptotic theory. At the end of the course the student should be able to specify a suitable econometric model to answer the empirical research question with the available data, devise an appropriate estimation methodology, test the assumptions of the model, perform forecasting, and make evidence-based policy recommendation.

Description
The main models covered are the classical regression model, the generalised regression model, models with autocorrelated errors, models with heteroscedastic errors, stochastic regression framework and instrumental variables method, dynamic (time series) models, systems of regressions and simultaneous equation models. A brief introduction to panel data and qualitative response models will be given at the end.
Overall, the student should have acquired a strong foundation in econometrics to be able to learn further, and adequate analytical skills to formulate, estimate and validate an econometric model to answer a given research question.

International Macroeconomics

Course name: International Macroeconomics

Course code: MIER103

Credit hours: 4.00


This graduate level course familiarizes students with key concepts in international macroeconomics from a policy perspective. The focus is on key macroeconomic concepts being used by macroeconomists and investment managers for their investment decisions, as well as on understanding central banks’ policy decisions and reaction functions. Among the key concepts, students will get a deep dive into the balance of payments, exchange rates and their determinants, money supply & demand, monetary policy rules, country risk assessment, public debt analysis & sustainability. A particular attention will be given to the recent pandemic crisis impact & assessment, ongoing geopolitical crisis in Europe as well as on the European sovereign debt crisis.

Political Economy

Course name: Political Economy

Course code: MIER104

Credit hours: 4.00


Review the politics and institutions of global governance across the multiple issues related to the world economy, with emphasis on newly emergent forms of cooperation, as well as economic competition and conflict. This concentration also compares institutions of economic governance across regions and advanced and developing countries.

Comparative Political Economy
Global Financial Governance
International Organizations
Challenges to European Governance and Policy
Political Economy of Africa

Development Policy

Course name: Development Policy

Course code: MIER105

Credit hours: 4.00


Understand the particular problems that emerging-market and developing countries face when engaging the global economy and the benefits (and vulnerabilities) that international trade and investment pose for economic growth, stability, and the development process.

Economic Development
Comparative Political Economy
International Development
Field Research Methods
Project Design Management and Evaluation
Micropolitics
Governance and Development
Gender and Development
Environment and Development
Economic Globalization and Development Alternatives

Trade and Finance

Course name: Trade and Finance

Course code: MIER106

Credit hours: 4.00


Dive more deeply beyond the core courses into trade policy and trade law in major countries and the multilateral trading system, including contemporary issues of dispute. For example, examine conflicts in strategic investment policy and international debt restructuring.
Course topics:
Global Financial Governance
Challenges to European Governance and Policy
International Investment, Governance and Security
International Finance
Export and Import Management
Trade and Project Finance in Global Markets
Global Supply Chain Management
International Trade Law
EU Law
Trade Law and Policy

II. Elective Courses

 

Self-designed Concentration

Course name: Self-designed Concentration

Course code: Mier151

Credit hours: 4.00


Examples include a regional specialization, Foreign Economic Policy, Qualitative Methods or a sequence of courses in the Economics department.

Data-Driven Impact Evaluation

Course name: Data-Driven Impact Evaluation

Course code: MECO152

Credit hours: 4.00


The objective of this course is to introduce the basic concepts of causal inference.
The emphasis is on quantitative methods for impact evaluation and treatment effect estimation.

Description
– Potential Outcomes, Causality and Experiments
– Matching and Regression
– Propensity score weighting and regression
– Differences in Differences
– Using Instrumental Variables
– Discontinuity Regression
– Non- and semiparametric regression techniques

Environmental Policy

Course name: Environmental Policy

Course code: MESA253

Credit hours: 4.00


Study the complex connections among protecting the environment, advancing decarbonization, and the growth of the global economy. This concentration reviews the role and limits of market-based strategies for achieving environmental goals in open economies.

Course topics

Introduction to Environmental Economics
Environment and Politics
Policy Analysis for Global Environmental Politics
Public Policies for the Environment and Energy
Environmental Science
Environmental Risk Assessment
Managing for Climate Change
GIS for International Affairs
Geographic Information Systems
GIS Applications in Empirical Economics

International Trade

Course name: International Trade

Course code: MIER254

Credit hours: 4.00


Objective
The objective of the course is to give students graduate-level knowledge of advanced international trade research, both theorical and empirical. In order to get familiar with classical and recent findings on international trade, students will:
1. read and present in class academic and policy research papers in international trade
2. review the literature.
3. solve analytical problems to understand the logic and mechanisms behind international trade.

Description

Introduction.
We will look at key stylized facts about international trade, and discover a strikingly ubiquitous empirical regularity called `gravity equation’. Then, we will see why gravity equation prevails in trade at the conceptual (not just empirical) level. Short answer : because it neatly captures the fundamental tradeoff of international trade: gains from access to unique goods vs losses due to trade costs.

The core of the course has four parts:

1. Classical trade theories. We will study the standard Ricardian model, which explains, instead of assuming it, why each country ends up having something unique to offer. We will then see how Ricardian model can explain lots of things, including structural change, North-South trade, and circular causalities between technology, geography and trade.
2. New Trade Theory. This part takes a closer look at the microeconomics of international trade. Key ingredients: individual firm behavior, imperfect competition, and increasing returns. While a bit harder to see, the gravity equation is still there.
3. Putting gravity equation to work. In this topic, we will see that gravity equation is even more than a powerful theoretical tool and a successful empirical model. It is also a useful practical device, widely used nowadays for assessing welfare gains from trade. We will pay special attention h special focus on studying the consequences of free-trade agreements.
4. Where does protectionism come from? In this part, we will focus on political economy of trade policy. We will see how one can endogenise trade policy as a result of lobbying inside countries. Main lesson: trade policies are not like “nature phenomena”, they are decisions made by human beings.

Last lecture (optional, material not for exam) will outline a broader perspective, arguing that trade per se is not the only existing form of international competition and cooperation. There, I will mostly talk about FDI and international supply chain resilience.

Portfolio Management

Course name: Portfolio Management

Course code: MIERO255

Credit hours: 4.00


Part I:

– Understand the limits and implementation issues of the Mean-Variance approach
– Discuss the solutions to estimation and stability problems arising in the mean-variance approach
– Analyze risk based portfolio construction

Part II:
– Understand basic parity conditions.
– How to invest in currencies: Foreign Exchange Investment styles.
– How to diversify globally and how to hedge currency risk
– How to conduct performance evaluation and attribution of global portfolios.

 

Part I – Tony Berrada : This section of the course starts by reviewing the standard modern portfolio theory with a particular focus on estimation and implementation issues. We then discuss the main performance measures used in the portfolio management industry and assess their relative benefits. Particular attention is given to statistical pitfalls and implementation issues associated to these measures. We then move on to dynamic asset allocation looking first at the Merton problem and the dynamic programing approach. Then, we consider the martingale approach and the equivalent static problem.
Equipped with these methodologies we look at a number of topics particularly relevant in today’s fund management industry including the core-satellite approach, risk parity, risk budgeting and the use of derivatives in asset allocation.Part II – Ines Chaieb : The second part of the course deals with the theoretical foundations of international investments, empirical evidence, and applications in a real world setting. Globalization is a major trend affecting the asset management industry. We will then discuss international diversification of portfolios and the problem of global asset allocation, international asset pricing, hedging currency risk, factors that generate returns, and global performance evaluation.

Model Selection in High Dimensions

Course name: Model Selection in High Dimensions

Course code: MESA256

Credit hours: 4.00


Objective
The learning objectives are for the student to 1) acquire the necessary fundamental notions for model selection such as out-of-sample validity, prediction error, over- and under-fitting, etc. 2) to study regularized regression methods such as the (adaptive) lasso, MCP, SCAD, elastic net, 3) practice algorithms/methods such as cross-validation, CART, LARS, OMP, SIS, stepwise/streamwise/stagewise search, 4) to put into practice the methods through the analysis of a (big) dataset (project)

Description
Model selection in high dimensions is an active subject of research, ranging from machine learning and/or artificial intelligence algorithms, to statistical inference, and sometimes a mix of the two. We focus on the frequentist approach to model selection in view of presenting methods that have the necessary properties for out-of-sample (or population) validity, within an as large as possible theoretical framework that enables the measurement of different aspects of the validity concept. We therefore anchor the content into an inferential statistics approach, essentially for causal models.

More specifically, the focus of model selection in high dimensions is presented into two main headings, one on statistical methods or criteria for measuring the statistical validity, and the other one on fast algorithms in high dimensional settings, both in the number of observation and in the number of inputs, that avoid the simultaneous comparison of all possible models.

The models are mainly the linear regression and the logistic regression (for classification) and the domains of applications range from economics to medical sciences.

An important part of the class is devoted to the practice of model selection in high dimensions methods, using R packages, that includes a semester project that is used for the final evaluation.

What will the first stage be?

The student studies eight courses, distributed as follows:

  • √ Six compulsory courses.
  • √Two elective courses from among the courses offered by the faculty for master’s students.
  • The study is conducted through research seminars in each course, and the research seminar relies on multiple references and is in accordance with the scientific research methodology and standards.
  • The study of each of the eight courses takes four credit hours for a minimum of four weeks, and it may be more than that according to the capabilities of each student, after which the student’s competency and knowledge test is held in the course he finished, then he starts in another course in the same way, and so on.
  • Courses studied in the first year, the student has the right to extend the study for a period not exceeding a second year.
  • If a specialization track is chosen within the general program, elective courses will have to be studied from the courses designated for the chosen specialization.

What will the second stage be like?

  • The student is assigned a virtual course that the faculty chooses from among the courses that the student studied at the undergraduate level. This is a practical training for the student, with ten credit hours. The student must divide this course into twelve to fourteen abbreviated lectures.
  • The student presents each lecture in the form of a written summary of its topic in Word format, accompanied by a video recording of it in the student’s voice using the Power Point program. Its duration is not less than ten minutes and not more than twenty. Accurate.

What will the thrid stage be like?

Jury discussion and degree awarding

The minimum period for preparing a master’s thesis is nine months, starting from the date of approval of the University Council to register the subject, and the maximum is two years, which can be extended for a third exceptional year upon the recommendation of the supervisor and the approval of the Faculty Council, provided that the total period of the student’s enrollment in the degree does not exceed four years.
The supervisor submits a semi-annual report that includes what has been accomplished, and what is required in the remaining period.
After the student completes the thesis and the supervisor reviews it, the supervisor submits to the university administration a report stating that it is valid for discussion, including an evaluation of the student’s performance during the thesis preparation period of 140 degrees, along with submitting a full copy of the thesis signed by him, and a letter with the names of the jury proposed by the professors of the specialty, for presentation to the Council the faculty.
It is required that before the student’s discussion, at least fifteen days have passed from the date of approval of the jury committee from the faculty.
The jury committee formed to discuss the thesis is six months, which may be renewed for a similar period based on a report from the supervisor and the approval of the Faculty Council.
The period of validity of the committee formed to discuss the thesis is six months. It may be renewed for a similar period based on a report from the supervisor and the approval of the Faculty Council.
Each member of the jury writes a detailed scientific report on the validity of the thesis for discussion, and evaluates the thesis out of 100 degrees, and the average of the three degrees is taken.
The student may not be discussed unless he obtains at least 70% of the supervisor’s evaluation of his performance and the jury members’ evaluation of the thesis in the individual reports.
Submit a post-dissertation group report signed by all members of the jury evaluating the thesis discussion out of 100.

What about support and other resources?

Throughout your studies, you will have access to our subject-specific student support teams.

They will help you with any general questions about your studies and updates to your account on our educational platform.

To help with your studies, you will also have access to:

Our electronic library, which contains high-quality electronic resources to support your studies
Other university libraries.
Online Help Centre, which contains general information about studying and support at CA Justice, as well as tips on study skills
Microsoft Office 365 for free
IT and computing support from our Computing Help Center.

How will I receive support from specialist academics?

You will have a tutor for each unit, who will introduce himself or herself before the unit starts.

During this unit, they will:

  • Evaluate your assignments and give feedback to help you improve
  • Directing you to learning resources
  • Support you, whether with general study skills or topic-specific help.

How will I study this programme?

With our unique approach to distance learning, you can study from home, work, or on the go.

You will have some assessment dates to keep, but otherwise, you will be free to study at times that suit you, fitting in your learning about work, family and social life.For each of your modules, you will use either online-only resources or a combination of online and print materials.
Each unit you study will have its own online resource
A weekly study planner, giving you a step-by-step guide through your studies
Course materials such as reading, videos, recordings and self-assessed activities
Unit forums for discussions and collaborative activities with other students
Details of each task and its due dates
Tutoring booking system, online tutoring rooms and contact details for your tutor
Online versions of some printed materials and resources.

What will the lessons be like?

Tutorials are usually done online and are always optional.

Webinars are live presentations with module teachers in dedicated online learning rooms and are sometimes recorded.

What about Assessment?

Our assessments are all designed to reinforce your learning and help you show your understanding of the topics. The mix of assessment methods will vary between modules.

Computer-Marked Assignments

Usually, a series of online, multiple-choice questions.

Tutor-Marked Assignments

You’ll have a number of these throughout each module, each with a submission deadline.
They can be made up of essays, questions, experiments or something else to test your understanding of what you have learned.
Your tutor will mark and return them to you with detailed feedback.

End-of-Module Assessments

The final, marked piece of work on most modules.
Modules with an end-of-module assessment won’t usually have an exam.

Exams

Some modules end with an exam. You’ll be given time to revise and prepare.
You’ll be given your exam date at least 20 days in advance.
Most exams take place remotely, and you will complete them at home or at an alternative location.
If a module requires you to take a face-to-face exam, this will be made clear in the module description, and you will be required to take your exam in person at one of our exam centres.

What are the services and facilities provided to students?

We work to provide all services and facilities to students through the multiple offices and resources at CI Justice. Where each office provides related services. The multiple resources also work to enhance the student’s experience by providing future tools that were designed by experts practicing in the labor market and which help the student develop all the necessary skills, whether applied or theoretical, to excel in the labor market and life after graduation.

What distinguishes your academic staff?

Our academic staff was carefully selected through reviews of the CVs of more than 10,000 academics from all countries of the world, in a way that ensures excellence in the educational process and enhances cultural diversity among students.

Is CIJustice accredited ?

Without a doubt… CI Justice is fully accredited and International Suleiman University shares its accreditations.

You can view and check our accreditations by clicking here

What is your relationship with the labor market?

We are proud of our good relationship with major companies in many countries, as we ensure that the student receives sufficient practice during his studies by providing him with training opportunities and assigning him to prepare detailed reports about his practice in the workplace.

How is flexibility available in your programmes?

Flexibility comes in many forms in the programme, whether through teaching and assessment methods, duration of study, or even tuition fees.
The student can find the learning method that suits him best among the three methods that we provide, which are (open learning, virtual learning, and blended learning). After the first semester, based on his cumulative average, he can also accelerate his study period by allowing him to register a greater number of credits. He can also give up the summer vacation and take an additional summer semester. As for tuition fees, if the student achieves a high cumulative average, he can obtain partial scholarships of up to 90% of the tuition fees. Some students from war and crisis countries may be selected to be taught through a 100% scholarship.

Does CI Justice have a license?

certainly! CA Justice is licensed by the UK Government to work in a capacity including:
85421 – First-degree level higher education
85422 – Post-graduate level higher education
85600 – Educational support services
69109 – Activities of patent and copyright agents; other legal activities not elsewhere classified.

You can check this on the official UK Government website by clicking here

Can you provide me with the appropriate support to choose the program that suits me?

certainly! The Guidance and Academic Center works to communicate with potential students and provide all information and details about the academic program that the student will study. We also provide within the initial admission system a tool that helps the student choose the program that suits him by answering questionnaire questions that were designed with paths based on the data.

Does CIJustice have the right to provide learning?

Does CIJustice have the right to provide learning?

By request! We have the authority to provide academic programs with ID 10093951.

You can verify this by checking the official website by clicking here

What are the outcomes of learning, teaching and assessment?

What are the main areas in which my learning will be developed:

  • Knowledge and understanding.
  • Cognitive skills.
  • Practical and professional skills.
  • Basic skills.

The level and depth of learning increases gradually as you progress towards the qualification. You’ll be supported throughout by CI Justice’s unique teaching and assessment method – which includes a personal tutor to guide you and comment on your work; high-quality course texts; e-learning resources such as podcasts, interactive media and online materials; Educational groups and community forums.

Can I continue at CI Justice if I have been educated elsewhere?

If you have already completed some university studies elsewhere, you may be able to count towards this qualification – which could save you time and money by reducing the number of units you need to study. At CI Justice we call this process transfer of accreditation.

It is not only university study that can be taken into consideration, but you can also transfer study from a wide range of professional qualifications to an academic qualification.

Tuition fees


FeesType of fees
175 GBPPer credit
75 GBPSemester registration fee

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