Bachelor's Degree
Bachelor of International Economic Relations – Undergraduate Degree Programme
The Bachelor of International Economic Relations at the College of International Justice (CI Justice) is an advanced academic and applied undergraduate degree programme focused on analyzing the economic, financial, and commercial interactions among nations and...
Duration4 years
Credit hours148
DegreeBachelor
Language of studyArabic
Terms8
About the program
The Bachelor of International Economic Relations at the College of International Justice (CI Justice) is an advanced academic and applied undergraduate degree programme focused on analyzing the economic, financial, and commercial interactions among nations and their direct impact on national well-being, economic stability, inequality, and global economic policymaking. The programme is ideal for students seeking to combine hard quantitative skills with a strategic understanding of international institutions and the policy and legal environment, embracing economic development, environmental and decarbonization policies, and issues related to emerging markets and developing economies.Spanning eight academic semesters (four full academic years – 240 ECTS), the curriculum progresses systematically from foundational economic and political theory, economic mathematics, statistics, and market legal frameworks to advanced specialization in classical and modern international trade theories (the Ricardian model, New Trade Theory, and the Gravity Equation), international macroeconomics, econometrics, free trade agreement analysis, the political economy of protectionism, sovereign debt sustainability, country risk assessment, and geopolitical crisis management.
Vision
To achieve global leadership and academic excellence in preparing a new generation of international economists and policy analysts capable of blending rigorous quantitative analysis with institutional and strategic insight to drive sustainable development and economic stability in an evolving world.
Mission
To deliver high-caliber undergraduate education in international economic relations aligned with European and British academic standards—integrating economic and political theory, econometric and statistical analysis, and an understanding of international legal and institutional frameworks—to qualify professionals capable of formulating evidence-based economic policies for international, governmental, and financial institutions.
Objectives
- Integrated Theoretical and Quantitative Grounding: Provide students with a solid scientific foundation combining microeconomic and macroeconomic theory, political theory, and advanced statistical and econometric methods.
- Mastery of International Trade Mechanisms and Policies: Enable scholars to analyze classical and modern trade models, assess welfare gains from free trade agreements using the gravity equation, and understand the political economy of protectionism.
- Proficiency in Econometrics and Empirical Analysis: Train students to specify, estimate, and validate econometric models, conduct causal inference and impact evaluation, perform forecasting, and formulate evidence-based policy recommendations.
- Command of International Macroeconomics and Global Finance: Deepen students' understanding of the balance of payments, exchange rate determinants, central bank monetary policy rules and reaction functions, public debt sustainability, and country risk assessment.
- Alignment with Environmental Economics and Decarbonization: Examine the complex connections among global economic growth, environmental protection, decarbonization policies, and market-based environmental strategies in open economies.
- Qualification in Emerging Markets and Development: Build graduates' capacity to address institutional and economic challenges in emerging markets and low-income countries and navigate global geopolitical shocks.
Educational philosophy
In delivering the Bachelor of International Economic Relations, the College of International Justice adopts the philosophy of "Quantitative Rigor and Institutional Policy Design." This philosophy recognizes that trade and economic policies are not isolated natural phenomena, but human and institutional decisions shaped at the intersection of economics, politics, and law.Accordingly, the programme rests on four philosophical pillars:Synthesis of Hard Quantitative Skills and Strategic Insight: Merging mathematical and econometric modeling with a strategic grasp of international financial institutions and policymaking environments.Evidence- and Research-Based Learning: Training undergraduate students to read, critique, and present academic and policy research papers and solve real-world analytical problems.Future-Oriented Curriculum: Embedding decarbonization, the digital economy, geopolitical crises, and sovereign debt analysis directly into core coursework.Flexible Interactive Learning Environment: Delivering multimedia educational content (written, audio, and video) via the smart CI Justice platform, supported continuously by a dedicated Personal Tutor for each module.
Learning outcomes
- Demonstrate a deep understanding of foundational and advanced microeconomic and macroeconomic theories, alongside classical and modern international trade theories.
- Exhibit comprehensive knowledge of international macroeconomics: balance of payments, exchange rate determinants, central bank monetary policy rules, and the global financial system.
- Understand the legal, political, and institutional frameworks governing international economic relations, the WTO, the IMF, and the World Bank.
- Recognize the interconnections among economic growth, sustainable development, environmental decarbonization policies, and emerging market dynamics.
- Specify and construct appropriate economic and econometric models to answer empirical research and policy questions using available data.
- Critically analyze trade and economic policies, assessing the welfare consequences of free trade agreements and protectionist measures.
- Evaluate country risk, public debt sustainability, and the macroeconomic impact of financial, pandemic, and geopolitical crises.
- Apply causal inference frameworks to evaluate the impact and treatment effects of economic and development policies.
- Apply econometric estimation methodologies (OLS, time series, instrumental variables, and panel data) to perform reliable economic forecasting.
- Draft authoritative, evidence-based policy recommendations and strategic economic reports for policymakers and investment managers.
- Construct risk-based international investment portfolios while addressing estimation and stability challenges in mean-variance optimization.
- Conduct economic feasibility studies and evaluate environmental and developmental projects.
- Communicate complex economic and quantitative findings effectively, orally and in writing, in both Arabic and English.
- Collaborate effectively within multidisciplinary research and consulting teams while managing independent research projects.
Career prospects
- International Economic and Financial Organizations: Economic researcher or policy analyst at the International Monetary Fund (IMF), World Bank Group, World Trade Organization (WTO), and UN agencies.
- Central Banks and Sovereign Ministries: Macroeconomic analyst or monetary, fiscal, and trade policy researcher within Central Banks and Ministries of Economy, Finance, Trade, Planning, and Foreign Affairs.
- International Investment Management & Banking: Country Risk Analyst, portfolio manager, or macroeconomic strategist in investment banks, asset management firms, and sovereign wealth funds.
- Multinational Corporations & Economic Consultancies: International trade and emerging markets consultant, transfer pricing analyst, or global market strategist.
- Environmental, Energy & Sustainability Agencies: Climate finance analyst, carbon market specialist, or environmental policy advisor.
- Strategic Think Tanks & Academia: Economic researcher in policy think tanks, with seamless progression to Master's and PhD programmes in International Economic Relations.
Curriculum
Principles of Microeconomics 3 credit hours · IER101Introduction to Political Theory and International Relations 3 credit hours · IER102Mathematics for Economic and Financial Sciences 3 credit hours · IER103Introduction to Law and Economic Legislation 3 credit hours · IER104Global Economic History and Evolution of Economic Systems 3 credit hours · IER105English Terminology for International Economic Relations I 3 credit hours · IER106
Principles of Macroeconomics 3 credit hours · IER201Applied Statistics for Economists 3 credit hours · IER202Scientific Research Methodology in Economic Sciences 3 credit hours · IER203International Political Economy 3 credit hours · IER204Principles of Accounting and International Financial Analysis 3 credit hours · IER205Academic Writing and Economic Reporting in English II 3 credit hours · IER206
Classical and Neoclassical International Trade Theories 3 credit hours · IER301Advanced Microeconomic Analysis and Game Theory 3 credit hours · IER302Public Finance and International Tax Policies 3 credit hours · IER303International Economic and Financial Organizations & Governance 3 credit hours · IER304Money, Banking, and Monetary Policy Economics 3 credit hours · IER305International Trade Law and WTO Agreements 3 credit hours · IER306
International Macroeconomics and Balance of Payments 3 credit hours · IER401Econometrics I: Fundamental Models and Estimation Methods 3 credit hours · IER402International Monetary System and Foreign Exchange Markets 3 credit hours · IER403Development Economics and Emerging Markets 3 credit hours · IER404Multinational Enterprises and Foreign Direct Investment 3 credit hours · IER405Geopolitics, Economic Geography & Major International Trends 3 credit hours · IER406
New Trade Theory and the Gravity Equation in International Trade 3 credit hours · IER501Econometrics II: Time Series, Panel Data & Forecasting 3 credit hours · IER502Regional Economic Integration and Free Trade Agreements 3 credit hours · IER503Labor Economics, International Migration & Income Inequality 3 credit hours · IER504International Financial Markets and Cross-Border Corporate Finance 3 credit hours · IER505Knowledge Economy, Innovation & Digital Transformation 3 credit hours · IER506
Political Economy of Trade Policy and Protectionism 3 credit hours · IER601Causal Inference and Quantitative Impact Evaluation Methods 3 credit hours · IER602Environmental, Energy, and Climate Change Economics 3 credit hours · IER603Sovereign Debt Analysis and Country Risk Assessment 3 credit hours · IER604Transport Economics, Logistics & Global Supply Chains 3 credit hours · IER605Development Finance, Foreign Aid & Poverty Alleviation 3 credit hours · IER606
International Portfolio Management & Risk-Based Portfolio Construction 3 credit hours · IER701Public Policies for Environment, Energy & the Green Economy 3 credit hours · IER702Global Economic, Financial, and Geopolitical Crisis Analysis 3 credit hours · IER703Financial Technology (FinTech) and Central Bank Digital Currencies (CBDCs) 3 credit hours · IER704Corporate Governance and ESG Standards in Global Markets 3 credit hours · IER705Economic Diplomacy and International Trade Negotiations 3 credit hours · IER706
Economic Policy Design & Evidence-Based Policy Recommendations 3 credit hours · IER801Advanced Seminar in International Trade & Economic Research 3 credit hours · IER802Economics of Food Security and Global Strategic Commodities 3 credit hours · IER803Applied Economic Modeling and Econometric Software Lab 3 credit hours · IER804CI Justice Economic Clinic & International Consulting Lab 3 credit hours · IER805Undergraduate Graduation Thesis in International Economic Relations 3 credit hours · IER806
Frequently asked questions
How are teaching and learning delivered in the International Economic Relations programme?
Studies are delivered through the CI Justice Educational Environment, an integrated digital platform combining practice-based synchronous learning with flexible asynchronous study. In each module, students receive:A Structured Weekly Study Planner: Guiding students week-by-week through theoretical readings, policy papers, and econometric exercises.Multimedia Educational Materials: Including digital textbooks, video and audio lectures, training economic datasets, and self-assessed interactive activities.Academic Unit Forums: For debating economic policy papers and international reports and collaborating with faculty and peers.Permanent Lifetime Access: To instructional materials and continuous connection with the global CI Justice alumni network.
How does the Personal Tutor and Academic Supervision System work?
The College implements a Personal Academic Tutor system, assigning each student a specialized tutor for every module who introduces themselves prior to the start of the unit and handles:Monitoring the student's academic progress and guiding them toward authoritative economic literature and international databases.Evaluating coursework, econometric models, and policy papers, providing detailed constructive feedback to sharpen analytical and quantitative skills.Conducting individual or group tutorials via dedicated Online Tutoring Rooms through an appointment-booking system to address academic and professional inquiries.
How are students assessed and evaluated?
The assessment architecture is designed to measure theoretical comprehension, quantitative analysis, and economic policy formulation through:Computer-Marked Assignments (CMAs): Periodic online quizzes measuring ongoing mastery of core economic and statistical concepts.Tutor-Marked Assignments (TMAs): Scheduled coursework tasks including solving analytical and econometric problems, reviewing international trade research papers, preparing country risk assessments and policy briefs, or delivering recorded presentations.End-of-Module Examinations: Final exams are predominantly conducted remotely via secure proctoring systems from the student's residence. Where a specific module requires an in-person exam, this is stated in advance in the module syllabus and arranged at an approved testing center.
How do students gain practical and applied experience during their studies?
The College of International Justice maintains extensive partnerships with financial institutions, economic consultancies, and research centers, providing students with:Practical internship opportunities and applied reporting on real-world workplace practices.Active participation in the CI Justice Economic Clinic & Consulting Lab to work on real-world economic case studies under specialist supervision.Access to a personalized one-on-one Mentorship Program pairing students with seasoned leaders in the economic and financial sectors.
Is the College of International Justice officially licensed and accredited?
Yes. The College of International Justice is fully accredited and shares its institutional and academic accreditations with International Suleiman University. Furthermore, the institution is officially licensed by the UK Government to operate under official SIC codes: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.
Does the College hold official authority to deliver academic programmes?
Yes. The College of International Justice holds official registered authority to deliver academic programmes on the UK Register of Learning Providers (UKRLP) under the verified reference number (ID: 10093951), and all programmes are monitored by the College's Quality Control Office to ensure full compliance with international quality and accreditation standards.
Can credits be transferred from previous university studies or professional qualifications?
Yes. The College operates a Transfer of Accreditation system, allowing students to transfer academic credit hours completed at other universities, as well as converting a wide range of recognized Professional Qualifications in economics, finance, and management into academic credit toward their degree under College regulations.
Who is the Bachelor of International Economic Relations programme specifically designed for?
The programme is ideal for ambitious students who want to combine hard quantitative and analytical skills (econometrics, statistics, and modeling) with a strategic understanding of international institutions and the economic, trade, and environmental policy environment across global and emerging markets.
What is the standard duration of the programme, and can I accelerate my studies
The standard duration is four academic years (8 semesters – 144 Credit Hours / 240 ECTS). High-achieving students—after completing their first semester and based on their Cumulative GPA—may apply to accelerate their study timeline by registering for a higher credit load per semester.
Does the programme require an advanced mathematics background prior to enrollment?
No prior advanced mathematics specialization beyond the High School Diploma is required. The programme begins in the first and second semesters by systematically building the student's foundation in economic mathematics and applied statistics before progressing to econometrics and modeling in upper semesters.
Does this degree qualify me to pursue Master's and PhD studies in International Economics?
Yes. The curriculum is fully aligned with postgraduate admission standards and the European Credit Transfer and Accumulation System (ECTS), qualifying graduates for direct progression into Master's and Doctoral programmes in International Economic Relations, Econometrics, or International Finance at CI Justice or international universities worldwide.
How are tuition fees calculated, and is the study system suitable for working professionals?
The programme features Flexible Timeline Education tailored for full-time working professionals. Tuition fees are calculated flexibly per registered credit hour in each semester plus a semester registration fee, with installment plans and partial scholarships available.
Admission requirements
- Academic Qualification: Hold a recognized High School Diploma (Baccalaureate) or an equivalent qualification from an accredited educational institution.
- Transfer of Accreditation (Credit Transfer & RPL): Students transferring from other universities, or holders of accredited professional diplomas in economics, business, accounting, or finance, may apply for credit transfer and exemption following evaluation by the Academic Committee.
- Language and Quantitative Readiness: Demonstrate proficiency in the language of instruction and readiness to undertake quantitative modules and specialized English for Economics coursework within the study plan.
- Required Documents & Technical Readiness: Certified copy of the High School Diploma and official academic transcript. Copy of a valid passport or national identity card. Recent formal passport-sized photograph and a Curriculum Vitae (for credit transfer/RPL applicants). Reliable internet connection and a computer device to access the CI Justice Educational Environment.
Tuition & fees
Total program fee$145.00
Total hours148
Average cost per credit hour$0.98
Average fee per term (of 8 terms)$18.13
The last figures are estimates calculated from the total fee; contact admissions for exact details.
Start your academic journey today
Submit your application now and our admissions team will contact you to complete the process.
Apply to this programPrinciples of Microeconomics
IER101 3 credit hours Beginner
•Academic Description: This course establishes the theoretical and analytical foundations of microeconomics. It covers the economic problem and resource allocation mechanisms, supply and demand theory, market equilibrium and elasticities, consumer behavior and utility maximization, production and cost theories in the short and long run, and firm behavior across market structures (perfect competition, monopoly, monopolistic competition, and oligopoly).
Introduction to Political Theory and International Relations
IER102 3 credit hours Beginner
•Academic Description: This course provides students with a systematic understanding of political theory, contemporary political systems, and the structure of the international order. It examines how political movements and state institutions influence economic policymaking, alongside major theories of international relations and their intersection with national economic interests.
Mathematics for Economic and Financial Sciences
IER103 3 credit hours Beginner
•Academic Description: This course builds the foundational quantitative and mathematical skills required for economic modeling. It covers linear and non-linear economic functions, linear algebra, matrices and determinants, differential and integral calculus, unconstrained and constrained mathematical optimization in profit maximization and cost minimization, and basic financial mathematics.
Introduction to Law and Economic Legislation
IER104 3 credit hours Beginner
•Academic Description: This course introduces students of international economic relations to the theory of law and rights, the legal frameworks governing economic activity, property protection, contracts, and commercial transactions, and the vital role of the rule of law and judicial institutions in market stability and investment attraction.
Global Economic History and Evolution of Economic Systems
IER105 3 credit hours Beginner
•Academic Description: This course traces the evolutionary trajectory of the world economy from the Industrial Revolution and the first waves of globalization, through the Great Depression and the post-WWII establishment of the Bretton Woods system, to the rise of emerging markets and structural transformations in the contemporary global economy.
English Terminology for International Economic Relations I
IER106 3 credit hours Beginner
•Academic Description: This course builds students' linguistic and terminological proficiency in specialized English across microeconomics, macroeconomics, international trade, and financial institutions, supported by practical exercises in reading international economic texts and reports.
Principles of Macroeconomics
IER201 3 credit hours Beginner
•Academic Description: This course examines macroeconomic variables and national economic performance indicators. It covers national income accounting and Gross Domestic Product (GDP) measurement, inflation and unemployment rates, determinants of consumption, saving, and investment, the Aggregate Demand–Aggregate Supply (AD-AS) model, and the fundamentals of fiscal and monetary policy.
Applied Statistics for Economists
IER202 3 credit hours Beginner
•Academic Description: This course equips students with descriptive and inferential statistical tools for analyzing economic data. It covers probability distributions, sampling and statistical estimation methods, hypothesis testing, analysis of variance (ANOVA), correlation and simple linear regression, and the construction of price and foreign trade index numbers.
Scientific Research Methodology in Economic Sciences
IER203 3 credit hours Beginner
•Academic Description: This course trains students to prepare rigorous scientific research in economics by identifying research problems, formulating scientific hypotheses, defining economic concepts and variables, employing quantitative and qualitative data collection and analysis tools, drawing empirical conclusions, and applying international academic citation standards.
International Political Economy
IER204 3 credit hours Beginner
•Academic Description: This course analyzes the reciprocal interaction between political power and economic wealth in the international arena. It examines the major schools of thought in International Political Economy (Economic Realism/Mercantilism, Liberalism, and Critical theories), exploring how political interests and international alliances shape trade, finance, and foreign aid.
Principles of Accounting and International Financial Analysis
IER205 3 credit hours Beginner
•Academic Description: This course introduces the principles of financial accounting and International Financial Reporting Standards (IFRS), reading and analyzing financial statements (balance sheet, income statement, and cash flow statement), and utilizing financial ratios and indicators to evaluate the performance and solvency of international enterprises.
Academic Writing and Economic Reporting in English II
IER206 3 credit hours Beginner
•Academic Description: This course develops students' academic and professional writing skills in English within international economics. Students practice reading and summarizing working papers from the IMF and World Bank, and drafting analytical essays and economic reports in precise professional English.
Classical and Neoclassical International Trade Theories
IER301 3 credit hours Beginner
•Academic Description: This core course examines classical theories explaining why nations trade, starting from Adam Smith's absolute advantage and delving deeply into the Standard Ricardian Model of comparative advantage—explaining international specialization, structural change, North-South trade, and circular causalities between technology, geography, and trade—through to the Heckscher-Ohlin model, income distribution theorems, and terms of trade.
Advanced Microeconomic Analysis and Game Theory
IER302 3 credit hours Beginner
•Academic Description: This course deepens microeconomic analytical tools by examining firm and individual behavior under uncertainty and asymmetric information, general equilibrium, and Pareto efficiency, with an extensive focus on Game Theory and its strategic applications in international commercial competition and economic negotiations.
Public Finance and International Tax Policies
IER303 3 credit hours Beginner
•Academic Description: This course examines public sector economics, public goods theory and externalities, the structure of public expenditures and revenues, tax system design, efficiency, and equity, alongside international tax coordination, tax competition among states, and cross-border trade taxation.
International Economic and Financial Organizations & Governance
IER304 3 credit hours Beginner
•Academic Description: This course analyzes the institutional architecture, mandates, and decision-making mechanisms of major international economic organizations: the IMF, World Bank Group, World Trade Organization (WTO), UNCTAD, OECD, and regional development banks.
Money, Banking, and Monetary Policy Economics
IER305 3 credit hours Beginner
•Academic Description: This course examines the nature and functions of money, money supply and demand, credit creation in the banking system, financial market structures, and interest rates, focusing on the functions of Central Banks, conventional and unconventional monetary policy instruments, monetary policy rules, and central bank reaction functions.
International Trade Law and WTO Agreements
IER306 3 credit hours Beginner
•Academic Description: Equipping economics students with the international legal foundations of trade, this course covers WTO principles (non-discrimination, Most-Favored-Nation, National Treatment), agreements governing trade in goods, services, and intellectual property (GATT, GATS, TRIPS), anti-dumping, subsidies, safeguards, and trade dispute settlement mechanisms.
International Macroeconomics and Balance of Payments
IER401 3 credit hours Beginner
•Academic Description: This course examines core concepts in open-economy macroeconomics from a policy perspective. It provides a deep dive into the Balance of Payments structure and imbalances, short- and long-run exchange rate determinants, the Mundell-Fleming model, the Impossible Trinity in international economics, and international macroeconomic policy coordination.
Econometrics I: Fundamental Models and Estimation Methods
IER402 3 credit hours Beginner
•Academic Description: This course presents fundamental models and methods in econometrics, covering the Classical Linear Regression Model (simple and multiple), Ordinary Least Squares (OLS) estimation and its properties, the generalized regression model, specification testing, and remedies for autocorrelated errors, heteroscedasticity, and multicollinearity.
International Monetary System and Foreign Exchange Markets
IER403 3 credit hours Beginner
•Academic Description: This course studies the evolution of the international monetary system, exchange rate regimes (fixed, floating, and pegged), spot and forward foreign exchange markets, currency derivatives (forwards, futures, options, and swaps), Purchasing Power Parity (PPP) and Interest Rate Parity (IRP) theories, and international reserve management.
Development Economics and Emerging Markets
IER404 3 credit hours Beginner
•Academic Description: This course addresses economic growth and development issues in emerging markets and low- and middle-income countries. It covers exogenous and endogenous growth theories, structural transformation, poverty and income inequality, the role of institutions and governance in development, development finance challenges, and the integration of emerging markets into the global economy.
Multinational Enterprises and Foreign Direct Investment
IER405 3 credit hours Beginner
•Academic Description: This course examines economic theories explaining Multinational Enterprises (MNEs), horizontal and vertical Foreign Direct Investment (FDI), and Global Value Chains (GVCs), analyzing the impact of FDI on technology transfer, productivity, employment, and the balance of payments in both host and home countries.
Geopolitics, Economic Geography & Major International Trends
IER406 3 credit hours Beginner
•Academic Description: This course analyzes major contemporary international trends, locations of geopolitical tension, and the impact of geopolitics and political power on cross-border trade, energy flows, and supply chains, adopting an interdisciplinary approach linking geography, economics, and foreign policy.
New Trade Theory and the Gravity Equation in International Trade
IER501 3 credit hours Beginner
•Academic Description: This advanced course delves into New Trade Theory and the microfoundations of international trade, examining individual heterogeneous firm behavior, imperfect competition, and increasing returns to scale. It places special theoretical and empirical focus on the Gravity Equation, putting it to work as a practical device for assessing welfare gains from trade and evaluating the consequences of Free Trade Agreements (FTAs).
Econometrics II: Time Series, Panel Data & Forecasting
IER502 3 credit hours Beginner
•Academic Description: Advancing econometric mastery, this course covers the stochastic regression framework, Instrumental Variables (IV) estimation, dynamic Time Series models (stationarity and cointegration), systems of regressions and Simultaneous Equation Models, Panel Data models, and qualitative response models, equipping students to perform forecasting and validate empirical macroeconomic models.
Regional Economic Integration and Free Trade Agreements
IER503 3 credit hours Beginner
•Academic Description: This course examines the economic theories of regional integration (trade creation vs. trade diversion) and the stages of integration from Preferential and Free Trade Areas to Customs Unions, Common Markets, and Economic and Monetary Unions (Optimum Currency Area theory), featuring comparative studies of the European Union and major global blocs.
Labor Economics, International Migration & Income Inequality
IER504 3 credit hours Beginner
•Academic Description: This course analyzes labor market dynamics under globalization, examining the impact of trade liberalization and technological change on wages, employment, and income inequality, alongside the economics of international migration, cross-border talent mobility, and the macroeconomic effects of remittances.
International Financial Markets and Cross-Border Corporate Finance
IER505 3 credit hours Beginner
•Academic Description: This course studies the structure and operations of international capital markets (global equity markets, international bonds, and Eurobonds), financing and investment decisions in multinational corporations, international cost of capital, and hedging currency and interest rate risks in cross-border operations.
Knowledge Economy, Innovation & Digital Transformation
IER506 3 credit hours Beginner
•Academic Description: This course examines the role of technology, Research and Development (R&D), intellectual property rights, the digital economy, and Artificial Intelligence in reshaping national comparative advantages and cross-border flows of digital services and knowledge-intensive goods.
Political Economy of Trade Policy and Protectionism
IER601 3 credit hours Beginner
•Academic Description: Addressing the central question "Where does protectionism come from?", this specialized course focuses on the political economy of trade policy. It examines how tariff and non-tariff policies are endogenously determined through domestic lobbying, distributional conflicts, and electoral politics, while analyzing contemporary trade wars and economic sanctions.
Causal Inference and Quantitative Impact Evaluation Methods
IER602 3 credit hours Beginner
•Academic Description: This course introduces modern concepts and quantitative methods in Causal Inference, impact evaluation, and treatment effect estimation. Topics include the Potential Outcomes framework, causality and randomized experiments, Matching and Regression methods, Difference-in-Differences (DiD), and Regression Discontinuity Design (RDD) for policy evaluation.
Environmental, Energy, and Climate Change Economics
IER603 3 credit hours Beginner
•Academic Description: This course examines the complex connections among protecting the environment, advancing decarbonization, and global economic growth. It reviews the role and limits of market-based strategies (carbon taxes and emissions trading schemes) for achieving environmental goals in open economies, environmental risk assessment, and public policies for energy and climate change management.
Sovereign Debt Analysis and Country Risk Assessment
IER604 3 credit hours Beginner
•Academic Description: This applied course focuses on frameworks for Public Debt Analysis and Sustainability and methodologies for political, macroeconomic, financial, and credit Country Risk Assessment. It examines historical and contemporary sovereign debt crises (including the European sovereign debt crisis and emerging market defaults) and sovereign debt restructuring mechanisms.
Transport Economics, Logistics & Global Supply Chains
IER605 3 credit hours Beginner
•Academic Description: This course examines the economic structure of international maritime, air, and land transport networks, trade and logistics costs, the impact of port infrastructure and global trade corridors on export competitiveness, and the analysis of global supply chain shocks and resilience strategies.
Development Finance, Foreign Aid & Poverty Alleviation
IER606 3 credit hours Beginner
•Academic Description: This course addresses development financing mechanisms in low-income and emerging economies, examining Official Development Assistance (ODA), concessional lending, blended finance, microfinance, and the empirical evaluation of World Bank and international aid programmes in poverty alleviation and SDG achievement.
International Portfolio Management & Risk-Based Portfolio Construction
IER701 3 credit hours Beginner
•Academic Description: Equipping students with quantitative financial skills used by global investment managers, this course examines Modern Portfolio Theory, the limits, estimation, and stability issues arising in the Mean-Variance Approach and their solutions, alongside Risk-Based Portfolio Construction and international asset diversification strategies.
Public Policies for Environment, Energy & the Green Economy
IER702 3 credit hours Beginner
•Academic Description: Advancing the environmental economics track, this course focuses on Policy Analysis for Global Environmental Politics. It examines international climate agreements, Carbon Border Adjustment Mechanisms (CBAM) and their impact on international trade, green finance and green bonds, and managing energy transitions in resource-dependent economies.
Global Economic, Financial, and Geopolitical Crisis Analysis
IER703 3 credit hours Beginner
•Academic Description: From a macroeconomic and applied policy perspective, this course examines the genesis and contagion of economic, financial, health, and geopolitical crises, with particular attention to assessing major global shocks (pandemic economic impacts, geopolitical crises and energy security, and global inflation) and monetary/fiscal policy responses.
Financial Technology (FinTech) and Central Bank Digital Currencies (CBDCs)
IER704 3 credit hours Beginner
•Academic Description: This course explores technological transformations in the international financial system, covering the economics of FinTech, cross-border payment systems, crypto-assets, and the monetary design of Central Bank Digital Currencies (CBDCs) and their implications for monetary sovereignty, financial intermediation, and international capital flows.
Corporate Governance and ESG Standards in Global Markets
IER705 3 credit hours Beginner
•Academic Description: This course examines the economic and regulatory frameworks of corporate and financial governance in global markets, integrating Environmental, Social, and Governance (ESG) criteria into international financing and investment decisions and evaluating multinational corporate performance.
Economic Diplomacy and International Trade Negotiations
IER706 3 credit hours Beginner
•Academic Description: Bridging economics and diplomacy, this course trains students in the tools of economic and financial diplomacy, managing bilateral and multilateral trade and investment negotiations, sovereign debt negotiations with international financial institutions, and building economic coalitions.
Economic Policy Design & Evidence-Based Policy Recommendations
IER801 3 credit hours Beginner
•Academic Description: An advanced applied course training students to translate econometric and analytical findings into actionable Evidence-Based Policy Recommendations and policy briefs for governments, central banks, and international organizations, evaluating the economic, political, and institutional feasibility of policy options.
Advanced Seminar in International Trade & Economic Research
IER802 3 credit hours Beginner
•Academic Description: This seminar familiarizes students with classical and recent theoretical and empirical findings in international trade and economics. Students read, present, and critique academic and policy research papers, conduct rigorous literature reviews, and solve analytical problems to master the underlying mechanisms of international economic phenomena.
Economics of Food Security and Global Strategic Commodities
IER803 3 credit hours Beginner
•Academic Description: This course examines the economics of global markets for strategic commodities, agricultural products, and critical minerals, price volatility determinants, food and water security policies, and the impact of export restrictions and climate change on developing and emerging economies.
Applied Economic Modeling and Econometric Software Lab
IER804 3 credit hours Beginner
•Academic Description: An intensive applied laboratory where students receive hands-on training in modern econometric and statistical software (such as R, Stata, Python, and EViews) to process international economic datasets, estimate trade and macroeconomic models, validate specifications, and visualize empirical results.
CI Justice Economic Clinic & International Consulting Lab
IER805 3 credit hours Beginner
•Academic Description: Serving as the practical and clinical arm of the programme, students work in consulting teams on real-world case studies—conducting country risk assessments, evaluating trade agreement impacts, or designing fiscal/environmental sustainability plans—under the direct supervision of faculty and practicing economists.
Undergraduate Graduation Thesis in International Economic Relations
IER806 3 credit hours Beginner
•Academic Description: Students culminate their undergraduate studies by preparing an original scholarly and empirical graduation thesis addressing a specific research question in international economic relations under faculty supervision. Students formulate and estimate an econometric model using real-world data, derive evidence-based policy recommendations, and defend their thesis before an examining committee.