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MSc in International Economics & Business


Course Description

Understanding today’s global economy requires insights from both economics and business studies. The specialisation International Economics & Business (IE&B) combines both fields of analysis, focusing on their relevance for firms that operate in an international environment. What are the consequences of developments in financial markets for a firm’s risk management and finances? How does the success of a cross border merger or acquisition depend on differences in institutions and cultures between host and parent countries? By studying the latest articles and applying modern empirical methods, you will address these and other aspects in depth, guided by professors carrying out research in these fields.

See the website http://www.ru.nl/masters/ieb

Why should you choose International Economics & Business in Nijmegen?

- A broad perspective on issues that are relevant for globally operating firms
- A focus on recent scientific insights and modern methods of applied research
- An excellent reputation in the Netherlands and abroad
- Small group teaching and close contact with professors and their research
- Good career prospects across the world

Change perspective

Because we combine the latest economic theories with the cultural aspect of doing international business, graduates will understand that doing business requires more than an understanding of economic principles. They will be able to give their future employees a new and fresh look on the process of globalisation and how their company can manoeuvre and position themselves in multiple countries.

Career prospects

One of the most important skills graduates of the Master’s specialisation in International Economics and Business will acquire is to report independently and thoroughly on various issues within the broad realm of international business. You will learn to include empirical and theoretical studies as well as the outcomes of your own independent research, not as a means to an end but in as far as it is relevant to the given advice. In other words, creating a policy paper of academic quality that is both understandable and practicable for businesses. And in order to remain a strong, self-sufficient professional you will learn how to continually maintain a critical attitude towards your own work and that of others in your field.
Our graduates have the necessary knowledge and skills to be able to work for large and medium sized international companies, consultancy firms, government and not-for-profit organisations, banks or within research or education. In particular, it will be multinational enterprises and consultancy firms that advise on international mergers and acquisitions, that will be very interested in your skills and know-how after completing the International Economics and Business Master’s specialisation.

Our approach to this field

The Master’s specialisation International Economics & Business looks at all aspects of both international financing as well as international entrepreneurship, of both the flow of capital as well as the flow of trade.

- International financing
Students will study the latest developments in financial markets, monetary policy, exchange and interest rates along with their consequences for the risk management and finances of firms. Should a firm seek its financial backing for an international expansion in the parent or host country? To answer this question you will not just need knowledge of exchange rates and such but also need to understand the economic system of the host country. The type of service/product a firm has to offer often determines the course of action. Can financial backing for a certain sector be gotten at banks or is it more likely to be gotten in the form of private equities?

- International entrepreneurship
As for international entrepreneurship, students will take an in-depth look at different options for expanding abroad: opening branches or factories, outsourcing, mergers and acquisitions and joint ventures. Students will deliberate the pros and cons of certain options. Is a joint venture desirable, or, as is the case in China, is it mandatory? What could hinder a merger? What activities could we outsource abroad without quality loss?

- Differences in institutions and culture
Students will come to understand that the success rate of cross border business is not just about economic principles but is also influenced by differences in institutions and culture of host and parent countries. Therefore, besides the firm's profitability, this Master’s specialisation also focuses on the differences in formal rules (institutions) and informal customs and forms of communication (culture). These aspects are relevant for almost all international organisational activities.

Important to note is that this Master’s specialisation is about the multinational firm and the economic, social and political environment it has to operate in. It is not about internal organisational processes, such as personnel management or account management. We focus on issues concerning global marketing and understanding the general international arena that these companies engage in. This knowledge enables students to determine if expansion to certain regions and economic systems is feasible or even desirable. Can we protect our intellectual property in country X? Is a joint venture our best option or is it our only option?

See the website http://www.ru.nl/masters/ieb

Visit the MSc in International Economics & Business page on the Radboud University website for more details!

Videos
(Student Profile)

Danny Yeh

Close interaction
“What is distinctive from many master's programmes offered in Germany is the approach of the so called “problem-based learning”. That was one major reason I chose to come to the Netherlands. I especially liked the approach to introduce theories and connect them to economic issues from the real world. Working on assignments with practical application of theories and elaborating potential solutions to these problems were particularly appealing to me. Thereby I enjoyed the close interaction with lecturers during the courses and the small working groups.”

Critical
“During the programme we used theories to explain past and current developments of the recent financial crisis. This shed a completely different light on statements made and actions taken by politicians. After my master's programme I even became more skeptical about blindly trusting the judgement of decision-makers without own thorough investigation of the situation. Further, I also learned to be more critical towards economics as a science itself because some approaches seem to be outdated or proven inapplicable, but still remain dominant in this field.”

(Student Profile)

Rinuela Bernabela

Perspectives
“This specialisation really teaches you how to see things from different perspectives. For example, courses are given where the focus lies on the influence of culture on economics. I have noticed that next to theory, we really get in touch with practice because of the experiences and backgrounds of the different students.”

Rational
“Everything is economics, literally everything. Even making a decision between going to a lecture or studying on your own can be calculated in terms of utility. Or a decision between making assignments for extra points or just focusing on the exam. Humans are irrational, but we economists do our best to be rational.”


(Scholarship)

Radboud Scholarship Programme - 20+ Awards

The Radboud Scholarship Programme is very selective and is only intended for talented students who have obtained outstanding study results and are highly motivated to pursue a Master's degree programme at Radboud University. You must have finalized your request for admission via our online application system OSIRIS Incoming Students before 1 April.The scholarship is not paid in money but instead covers the additional non-EEA expenses.
For example: a grant holder in 2017/2018 will pay a tuition fee of only €2,006, instead of €9,432 or €10,360. In addition the Radboud Scholarship also covers costs such as those for visa, residence permit, health insurance and liability insurance. This amounts to about €725.Each year about 30 Radboud Scholarships are awarded to selected talented non-EEA students for the duration of one of the Master's degree programmes *Learn more about other applicable scholarship programmes on the website of Radboud University.

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

The Radboud Scholarship Programme offers a selected number of talented prospective non-EEA students the opportunity to receive a scholarship to pursue an English-taught Master's degree programme at Radboud University Nijmegen.Selection criteria:1. talent: this means that you must have outstanding study results in your present field of study;
2. expected to be a promising students in your desired field of study at Radboud University;
3. proven academic quality and good results of your prior education for example through grades, test scores, publications.
4. quality of the recommendations in the two letters of recommendation;
5. motivation: based on your motivation letter.

Application Procedure

The application for admission and the application for the scholarship is fully integrated, there is no separate procedure for the scholarship. You apply for a Radboud Scholarship by indicating during your application for admission that you wish to apply for a Radboud Scholarship. You will then be requested to upload three additional documents: two recommendation letters and a curriculum vitae.

Further Information

http://www.ru.nl/rsp


(Scholarship)

Fullbright-Radboud Scholarships - No. of awards TBC

The Fulbright Center, sponsored by Radboud University, is offering scholarships to excellent American students for study and research purposes at graduate and PhD levels at Radboud University Nijmegen. The Fulbright Center's mission is to promote mutual understanding between Dutch and American citizens by providing financial assistance for study, research and teaching. To qualify for a scholarship, applicants must have American nationality, have excellent academic marks, engage in extracurricular activities and be admitted to Radboud University Nijmegen.The grant will be paid in 12 monthly instalments of €1050. International travel will be reimbursed up to a maximum of €900. The cost of the residence permit (approximately €350) will be covered as well. An extra allowance of €1150 will be paid on arrival, and can be used to cover the cost of the tuition fee or the costs of settling in. Tuition fees are not waived, and differ per program.
Application for 2016-2017 opens on 1 May 2016 and closes on 13 October 2016.

Value of Scholarship(s)

12 monthly instalments of €1050 + extra allowance for travel and additional costs

Eligibility

For American students.
The Fulbright Centre, sponsored by Radboud University, is offering scholarships for talented American students to study at Radboud University.

Application Procedure

For more information please see the Fulbright website.

Further Information

http://www.ru.nl/masters/fulbright


(Scholarship)

Orange Tulip Scholarship - Brazil Programme - 10 Awards

Through the Orange Tulip Scholarship (OTS) programme, Dutch higher education institutions offer incentive scholarships to attract highly qualified Brazilians to follow a study programme at Master's level.Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For students from Brazil who study at Master's level at Radboud University.

Application Procedure

The application deadline for the Orange Tulip Scholarship Brazil is 1 April. For more information about how to apply, please visit Nuffic Neso Brazil's website.

Further Information

http://www.ru.nl/ots/brazil


(Scholarship)

Orange Tulip Scholarship - Mexico Programme - 5 Awards

Through the Orange Tulip Scholarship (OTS) programme, Dutch higher education institutions offer incentive scholarships to attract highly qualified Mexicans to follow a study programme at Master's level. Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered.

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For Mexican students who study at Master's level at Radboud University.

Application Procedure

The application deadline for the Orange Tulip Scholarship Mexico is 1 April. For more information about how to apply, please visit the Nuffic Neso OTS Mexico website.

Further Information

http://www.ru.nl/ots/mexico


(Scholarship)

Orange Tulip Scholarship - Indonesia Programme - 6 Awards

For Indonesian students, Radboud University offers one Orange Tulip Scholarships which are available for all English-taught Master’s programmes at Radboud University (with the exception of Erasmus Mundus Master's programmes, joint or double-degree Master's programmes and the Master's programme in Theology).Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered .

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For Indonesian students who study at a Master's level at Radboud University.

Application Procedure

The application deadline for the Orange Tulip Scholarship Indonesia is 1 April.You can find more information about the Orange Tulip Scholarship Indonesia, and how to apply, on the Nuffic Neso Indonesia website.

Further Information

http://www.ru.nl/ots/indonesia


(Scholarship)

Orange Tulip Scholarship - China Programme - 6 Awards

The Orange Tulip Scholarship programme (OTS) was launched by Nuffic Neso China in 2008. The success of the programme relies on the support from not only the Dutch academic sector, but also the Dutch business sector in China. The purpose of this initiative is to offer valuable study opportunities for young Chinese talents to study in the Netherlands through joint contributions from the Dutch higher education institutions and China-based Dutch companies.Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered.

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

The Orange Tulip Scholarship China programme is only open to qualified students from Mainland China who study at a Master's level at Radbout University.

Application Procedure

The application deadline for the Orange Tulip Scholarship China is 1 April.

Further Information

http://www.ru.nl/ots/china


(Scholarship)

Orange Tulip Scholarship - Korea Programme - 3 Awards

Nuffic Neso South-Korea launched the Orange Tulip Scholarship (OTS) in January 2010 to provide opportunities for talented Korean students to study in Holland. The scholarship is available for all English-taught Master’s programmes at Radboud University (with the exception of Erasmus Mundus Master's programmes, joint or double-degree Master's programmes and the Master's programme in Theology).Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered.

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For Korean students, Radboud University offers three Orange Tulip Scholarships.

Application Procedure

The application deadline for the Orange Tulip Scholarship South Korea is 1 April.

Further Information

http://www.ru.nl/ots/korea


(Scholarship)

Orange Tulip Scholarship - Russia Programme - 8 Awards

For the first time, Nuffic Neso Russia has launched the Orange Tulip Scholarship (OTS), a special programme for talented Russian students to study in Holland. It is available for all English-taught Master's programmes at Radboud University (with the exception of Erasmus Mundus Master's programmes, joint or double-degree Master's programmes and the Master's programme in Theology).Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2016/2017). Also, visa and residence permit costs, liability insurance and health insurance are covered .

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For Russian students, Radboud University offers eight Orange Tulip Scholarships.

Application Procedure

The deadline for applications for the Orange Tulip Scholarship Russia is 1 April. In order to apply for the scholarship, you must have already applied for a Master's programme at Radboud University. In order to receive the scholarship, you must be admitted to a Master's programme.

Further Information

http://www.ru.nl/ots/russia


(Scholarship)

Orange Tulip Scholarship - Vietnam Programme - 3 Awards

The Orange Tulip Scholarship Programme gives excellent students coming from one of these countries the opportunity to study at Radboud University. Radboud University participates in the OTS programme with several benefits for international students. Instead of the institutional tuition fees, non-EEA students pay the legal tuition fees (€2,006 in 2017/2018). Also, visa and residence permit costs, liability insurance and health insurance are covered .

Value of Scholarship(s)

legal instead of institutional tuition fees

Eligibility

For Vietnamese students, Radboud University offers three Orange Tulip Scholarships.

Application Procedure

The application deadline for the Orange Tulip Scholarship Vietnam is 1 April. For more information about how to apply, please visit Nuffic Neso Vietnam's website.

Further Information

http://www.ru.nl/ots/vietnam


(Scholarship)

The Holland Scholarship Programme - 12 Awards

The Holland Scholarship (HS) gives excellent students the opportunity to study at Radboud University. The HS is open to students with the following nationalities: Canadian, American, Indian and Turkish. All English-taught Master’s programmes are eligible for the HS and amount to € 5,000.-

Value of Scholarship(s)

The scholarship amounts to £ 3.700

Eligibility

The HS is open to students with the following nationalities: Canadian, American, Indian and Turkish. All English-taught Master’s programmes are eligible for the HS.

Application Procedure

You can apply for the Holland Scholarship at Radboud University when you apply for a Master's programme in Osiris. That means that the application for admission and the application for the scholarship are fully integrated.
The application deadline is 1 February. If not all scholarships will be given out, the second deadline is 1 May.

Further Information

http://www.ru.nl/holland-scholarship



Entry Requirements

Dutch Bachelor’s degree(or the equivalent from a research university) in Economics or a closely-related discipline,with a number of courses in preferred area of specialisation. Non-native speakers of English must submit one of the following: a TOEFL (iBT) Certificate with a minimum overall score of 90 and subscores not lower than 18; OR an IELTS Academic Certificate with a minimum overall score of 6.5 and subscores not lower than 6.0; OR a Cambridge Certificate of Advanced English (CAE) with a minimum score of C; OR a Cambridge Certificate of Proficiency in English (CPE) with a minimum score of C.

Course Fees

€2,006(from EEA countries); €9432(from non-EEA countries)


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