International Business Economics MSc

Coventry University

Program Overview

This course will give you the chance to examine in depth critical issues in international business economics, together with the complexities of, and challenges facing, today’s world markets.

You’ll have opportunities to:

  • Focus on practical economic analysis, policy formulation and market efficiency in a real-world context.
  • Get up-to-speed with challenges facing modern businesses through a range of learning environments.
  • Develop your quantitative skills to evaluate outcomes of economic policies and interventions, and make evidence-based decisions.
  • You will have the option to apply for a ‘professional experience’ opportunity, designed to further develop your skills and knowledge with the aim of maximising your employability prospects (see modules for more information).

CoventryUnited Kingdom

  Course Duration

12 Months

  Tuition Fee

£ 18,250


IELTS: 6.5

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Why you should study this course

The primary aim of this course is to try and equip you with the practical experience, skills and knowledge to apply advanced economics principles and mathematics to support decision making – at a global, national or individual firm level.

You’ll have the chance to hone your ability to practice effective decision making, which is designed to support you as you progress into your chosen future career, either as an economist or in related roles and sectors. You’ll be in a position to access valuable insight into the way institutions and business practices operate in an international context.

Throughout your studies, the course will offer you the opportunity to encounter real-life scenarios that reflect new developments in economics, the chance to learn how to use managerial economics tools to solve actual economic problems and explore the synergies between economic theory, management practice, international business and finance.

The course is underpinned by the study of economics – both micro and macro – as applied in business and strategic management within developed and emerging markets.

Course modules will offer opportunities to explore topics such as:

  • The ramifications of changes in the international economic environment on the growth and prosperity of specific nations.

  • The recommendation and justification for the price of a new product launch.

  • Corporate and international finance, which introduces pricing, investment and financing, together with relevant legislation and regulation.

    Year one


  • International Macroeconomics for Business - 15 credits

    This module aims to provide you with an understanding of the international macroeconomic environment encountered by businesses. The module will examine the economic processes of globalisation, as well as the economic basis for trade and protectionism. In addition, the module will also examine the macroeconomic objectives of governments and how the pursuit of these objectives may impact the international business environment.


  • Economics of Strategic Management - 15 credits

    This module will enable you to apply a series of advanced economics principles and mathematics to the decision-making process within firms. The combination of the module content and its continuous application by you, allows the learning outcomes of knowledge and application of the concepts to be achieved together with a critical, analytic approach in an international setting.


  • Corporate Finance - 15 credits

    The aim of the module is to examine and critique key corporate finance issues, including financial management, risk and return, corporate financing and asset pricing, capital structure and payout policy. The module will take an international perspective and explore both theoretical models and empirical evidence.


  • Quantitative Methods - 15 credits

    This module will cover some of the quantitative techniques commonly used by financial analysts, economists, accountants as well as individual investors. The aim is to give students the basic grounding in econometric methods used in the analysis of quantitative data. The module will primarily focus on the statistical techniques of estimation, hypothesis testing and modelling using economic and financial data.


  • Economics of Emerging Markets - 15 credits

    The major objectives of this module are to identify and evaluate the various business and economic sources of growth in the major emerging market economies, and to gain insights into their evolving trading and investment patterns. The module will provide in-depth, critical analysis of major contemporary issues relevant for the study of international business economics.


  • Business Economics and the European Union - 15 credits

    This module aims to develop your knowledge and understanding of the European economic environment for business following the development and consolidation of the single internal market within the European Union (EU). Specific topics include the key EU policies supporting the scope for business expansion in the enlarged EU, an analysis of the specific issues in developing a pan European business strategy, and how to manage the influence of cultural diversity in Europe.


  • International Business and Global Strategy - 15 credits

    This module extensively utilises online teaching software(s) and databases with the aim of helping you to conduct a situation analysis of a company, in order to identify global market opportunities, high potential countries for a company’s selected products or services, and to select the best target markets.


  • International Financial Markets - 15 credits

    The aim of this module is to enable you to evaluate the characteristics and organisation of international financial markets, the potential uses of these markets, and the risks and returns involved.


  • Leading Strategic Change through Creativity and Innovation - 10 credits

    The aim of this module is for you to critically evaluate and develop solutions to complex, inter-related, multi-faceted issues that can be found in a variety of organisations and professional contexts. The module will normally involve students working together, across disciplines and or from a range of workplace settings, to facilitate an appreciation of how different sectors solve internal issues and how different sectors can learn, adopt or adapt solutions from other fields.


  • Dissertation/Consultancy Project - 50 credits

    In this module, you will carry out a substantive piece of individual research into a business or financial management issue. 

    You will be expected to draw upon the knowledge acquired, and the intellectual, technical and analytical skills developed during the course.


Professional experience

The professional experience opportunity2 enables you the opportunity to apply for optional professional experience in semester 1, which, upon successfully securing an opportunity, will extend the duration of your master’s to either 16, 20 or 24 months. The professional experience provides an opportunity for you to develop expertise and experience in your chosen field with the aim of enhancing your employability. 

Professional experience may also be subject to additional costs, visa requirements being met, subject to availability and/or competitive application. Professional experience opportunities are not guaranteed but you will benefit from the support of our Talent Team in trying to find and secure an opportunity. Find out more about the professional experience option.

We regularly review our course content, to make it relevant and current for the benefit of our students. For these reasons, course modules may be updated.

How you'll learn

Teaching methods include:

  • Lectures

  • Seminars

  • Tutorials

  • Presentations

  • Group projects

  • Workshops


As an innovative and enterprising institution, the University may seek to utilise emerging technologies within the student experience. For all courses (whether on-campus, blended, or distance learning), the University may deliver certain contact hours and assessments via online technologies and methods.

In response to the COVID-19 pandemic, we are prepared for courses due to start in or after the 2022/2023 academic year to be delivered in a variety of forms. The form of delivery will be determined in accordance with Government and Public Health guidance. Whether on campus or online, our key priority is staff and student safety.

This course can be offered on a part-time basis. Whilst we would like to give you all the information about our part-time offering here, it is tailored for each course each year depending on the number of part-time applicants. Therefore, the part-time teaching arrangements vary. Request further information about part-time study.

Teaching contact hours

The number of contact hours may vary from semester to semester, however, on average, it is likely to be around 14 contact hours per week in the taught semesters. Additionally, you will be expected to undertake significant self-directed study, depending on the demands of individual modules.

The contact hours may be made up of a combination of face-to-face teaching, individual and group tutorials, and online classes and tutorials.


Assessment methods include:

  • Formal examinations

  • Phase tests

  • Essays

  • Group work

  • Presentations

  • Reports

  • Projects

  • Coursework

  • Exams

  • Individual Assignments

The Coventry University Group assessment strategy ensures that our courses are fairly assessed and allows us to monitor student progression towards achieving the intended learning outcomes.


Applicants should hold a good honours degree 2:2 or above in a relevant academic discipline, such as finance, accounting or economics. Applications from candidates with relevant experience will be considered on an individual basis. Each application will be considered on its merits and the final decision will be made by the course director. We recognise a breadth of qualifications; speak to one of our advisers today to find out how we can help you.

English language requirements

  • IELTS: 6.5 overall, with no component lower than 5.5. 

International Fees
£18,250 | £22,250 (with prof. experience) per year

International Pathways 2022 Scholarship
You could enjoy a £3,000 reduction in tuition fees.

Our high-quality foundation, international year one and pre-masters courses are for international students who do not meet the requirements for direct entry to their preferred Coventry University undergraduate or postgraduate course. We can support you to achieve the academic and/or English grades you need and help you gain the personal and professional skills required to study at university.

We want to encourage ambitious international students like you to study at Coventry University, so we’ve secured extra financial support for you worth £3,000, to help with the cost of tuition fees, living expenses and accommodation.

The scholarship application deadline is:
September 2022 intake: 31 July 2022

On successful completion of this course:

You will have knowledge of:

  • The concepts and theories in economics and international trade, and their application to real-world situations.
  • Financing arrangements, strategies and governance structures of business, voluntary and governmental organisations. 
  • Mathematical and econometric techniques for economic analysis.
  • The complex operation and function of markets in different regulatory settings.
  • The contemporary and controversial issues in economics and business in emerging markets.

You should be able to:

  • Use diagnostic and decision-making skills in dealing with economic and international business problems.
  • Select and apply modelling and quantitative techniques in economic policy and international business contexts. 
  • Search for relevant data and information sources, manage gathered data and use it to systematically and creatively comprehend, analyse and synthesise complex issues.
  • Demonstrate self-direction and originality in approaching, tackling and finding solutions to economic and analytical problems, and identifying relevant data and information patterns.
  • Critically assess and evaluate the conceptual and theoretical frameworks in economics and international business, as well as challenge their assumptions.
  • Exercise judgement in the selection of different theoretical frameworks and methodological approaches to analyse issues and problems in real-world economic contexts. 
  • Find, extract, manipulate, analyse and interpret economic data from various sources and develop reasoned conclusions.
  • Critically assess, compare and contrast the economic environment and policy outcomes in national and international contexts.

This course aims to produce highly employable graduates: through the specialist knowledge, technical, analytical and transferrable skills you should have been able to develop during the course, coupled with the opportunity to align your final semester project to match specific career aspirations, you should be well informed to face the challenges of managers working in international financial and business markets, in the 21st century.

You could find yourself working as an economist, analyst or consultant for non-governmental organisations (NGOs), such as the World Bank or International Monetary Fund (IMF), private companies or public sector organisations. Typical roles include becoming a financial analyst, bond trader, policy analyst, bank examiner, research analyst, actuary or market research consultant.

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