MSc Economics

Careers & Outcomes

Program Length

18 Months

Self Paced

Total ECTS Credits


Tuition Fee (Full Program)

9000 EUR



Program Overview

MSc Economics Program trains you in technical areas of economics, such as FinTech and econometrics. The program extensively focuses on quantitative or statistical methods for decision-making, economic remodeling, and inference-based data. A distinguishing feature of this course is that it blends all relevant fields ranging from the economic policy perspective, financial perspective, and industry outlook. You will gain an in-depth understanding of advanced economic theories and strengthen your skills in current topics relevant to modern business needs. For example, China’s Belt and Road Initiative has been included as an elective to make students aware of the ongoing development project and its economic relevance for China and other nations. 


The program has been designed comprehensively to give you excellent intellectual returns. Practical projects and seminars will facilitate high-end discussion, and participation in group tasks will prepare you for contemporary industry requirements. You can join the various sectors, such as economic consultancies, central banks, and reputed financial organizations, as per your interest and professional objective. 


Educational Objectives


After completing the course, you will be able to:

  • Use Economic theories for nation-building.
  • Gain specialized knowledge in various fields of Economics.          
  • Communicate novel research findings to benefit people and communities.
  • Understand economic issues in the national and international context, and make a significant contribution to knowledge.
  • Gain a thorough understanding of core economic principles and their application to real-world issues.
  • Master relevant tools to critique and create economic research.
  • Articulate pragmatic policies to enhance the well-being of people.

Learning Outcomes

A. Knowledge and Understanding


A1. Describe economic models of micro and macroeconomics and apply them to real-life situations.

A2. Understand economic developments in a global context, in both contemporary and historical contexts.

A3. Comprehend mathematical concepts and their application to economic scenarios.

A4. Learn methodological tools relevant to modern macroeconomic conditions.


B. Practical Skills


B1. Analyze economic policy initiatives, and their impact on countries’ welfare.

B2. Assess financial risks of businesses, and act accordingly to mitigate those risks.

B3. Critically review economic theories, and provide evidence by testing these theories empirically.

B4. Classify different types of datasets (for example, time series, cross-sectional) along with their data generation procedure.


C. Transferable Skills


C1. Collaborate with others, demonstrating appropriate communication and problem-solving skills.

C2. Use adequate software tools to analyze and interpret data quantitatively.

C3. Develop knowledge of different tools along with their limitations.

C4. Think critically by relating economic theories to different scenarios in the national and international contexts.


D. Intellectual Skills


D1. Adhere to appropriate research standards and deftly navigate challenges arising in the research process.

D2. Identify previous research studies relevant to particular business scenarios, and apply findings constructively to reach the best possible solutions.

D3. Reflect on research experiences, strengths, and growth opportunities to make future career goals.



Approx. Course Length

2-3 weeks

Total ECTS Credits


Max. Number of Transfer Credits:


Courses Overview

A. The Rushford MSc Program in Economics comprises 35 courses – 15 Core Courses and 20 Electives. To be qualified for the degree, you must progress successfully through a total of 25 courses and a capstone thesis. The courses comprise 15 core courses and a choice of 10 out of 20 electives. 

B. The courses include at least 15 subject-specific courses with intended specialization deliverables prepared by our expert faculty and practitioners to prepare our learners to master all technical aspects related to the field.

Exit Award

A. MSc in Economics also allows exit award for partial completion of the program or to accelerate it by seeking exemptions via our recognition of prior learning policy. The Masters in Science degree is a two-year program; however, an exit Certificate award is possible after 40 ECTS, or a Master’s award is possible after completing 90 ECTS.


B. If you have already studied a few courses, you may apply for the recognition of prior learning, which can reduce the overall tenure of your Masters in Science Program.

Foundation – Core Management Managerial Skills
Gain 20 ECTS Managerial Economics
Marketing Management
Accounting for Financial Reporting
Human Resource Management
Foundation – Economics Development Economics
Gain 20 ECTS International Business Environment
Advanced Microeconomics
Introduction to Macroeconomics
International Trade and Finance
Operational Level Business Statistics
Business Analytics
Operations Management: Productivity and Quality
Business Law
Corporate Social Responsibility: Ethics and Law
Management and Strategic Level- Choose electives to gain 40 ECTS
Management Level Advanced Macroeconomics
Behavioral Economics
Economic Policy
Research Methodologies for Application in Business
Strategic Level Strategic Management: Integrating the Enterprise
Leadership 20/40
Project Management
Government Debt Management
Business Communication MBA016
Environmental Economics
The Economics of Banking and Finance
Introduction to Mathematics
Competition Policy and Regulation
Industrial Economics
Economic Growth and Institutions
Public Policy and Law
International Banking
China’s Belt and Road Initiative


Who Is This Program For


  • Graduates desiring a specialization in the field of Economics
  • Learners seeking career paths that include analytical, financial, advisory, managerial, and research-oriented work.
  • Professionals looking forward to honing their skills in economic remodeling and forecasting.
  • Professionals seeking senior leadership roles in government policy initiatives.


Careers & Outcomes

Job Growth


Outcomes and Careers:

$22,000 is the increase in earnings if you major in Economics- a study conducted by


Your salary after completing college significantly depends on the major you have pursued. Economics is a technical stream that can cause a massive difference in your earning potential. Economists Zachary Bleemer and Aashish Mehta conducted a study and identified that an economics major raises earnings by 46 percent ($22,000). Thus, it is one of the best investments a person can make. 


An Economics major will unlock your access to high-paying industries, such as finance, accounting, and insurance. They can also tap other sectors, including education, healthcare, automobiles, IT, etc. Some of the rewarding career options are:


  • Financial Analyst
  • Mutual Funds Manager
  • Policy Analyst
  • Economist
  • Litigation Consultant
  • Data Scientist
  • Statistician
  • Pricing Analyst
  • Budget Analyst




Rushford maintains very high standards for students who enter our academic programs. For all MSc programs, the following criteria need to be met before admission is offered to a prospective student.



Bachelor’s Degree or an equivalent recognized academic title in any discipline


Qualifications Waiver:

For students who don’t have a Bachelor’s Degree, Rushford uses Recognition of Prior Experience (RPE). Rushford generally utilizes over 3 years of relevant experience in a significant role for waiver of Bachelor’s Degree. Please contact us at  for exploring this pathway.


Proficiency in English:

Evidence of Proficiency in English

IELTS 6.0+ , OR

PTE 50+ , OR

TOEFL 550+, OR

Any other proficiency test taken in the last 2 years


English Proficiency Waiver:

The English proficiency test is waived for the following candidates:

Native English Speakers, OR;

Applicants having completed their schooling in English (i.e. High School Diploma or IB), OR;

Applicants having completed their undergraduate or graduate studies in English, OR;

At least 2 years of work experience in a business setting in which English is the primary language of communication


  • EduQua Certified Swiss Institution

    Rushford Business School is certified by EduQua, a Swiss quality label for further education institutions. EduQua is an accreditation body recognized and supported by the Swiss Confederate Government. EduQua is the first quality certification for public and private educational institutions in Switzerland and is recognized, supported, and endorsed by the following organizations: • Swiss Federal Government • Swiss Conference of Cantonal Ministers of Education (EDK) • State Secretariat for Economic Affairs (SECO) • Swiss Conference for Professional Training department (SBBK) • Swiss Association of Employment Departments (VSAA) • Swiss Federation for Adult Learning (SVEB)


    Rushford Business School is a member of the “Accreditation Council for Business Schools and Programs (ACBSP) ACBSP is a global accrediting body which accredits business programs at the associate, baccalaureate, and graduate degree levels worldwide since 1988. Rushford Business School is part of a membership that extends to more than 60 countries. ACBSP members are amongst the best educators in their respective fields, interested in learning innovative teaching methods, improving the delivery of business education programs, and creative value for their students.


    Rushford Business School is a member of the “International Accreditation Council for Business Education (IACBE)” The IACBE accredits business programs that lead to degrees at the associate, bachelor’s, master’s, and doctoral levels in institutions of higher education worldwide. All modes of delivery, campuses, locations, and instructional sites, as well as all business programs regardless of degree level, will normally be included in the IACBE accreditation review.


    Rushford Business School is a proud supporter and Signatory of the United Nations Principles for Responsible Management Education (UN PRME). PRME is an initiative of the United Nations Global Compact founded in 2007 as a platform to encourage and increase awareness and integration of sustainability in business schools around the world. Today, PRME is the largest coordinated effort between the world’s business schools and the United Nations. Rushford Business School became a PRME signatory in 2020. As a school, we understand the privilege and responsibility of providing quality education that gives learners the knowledge and tools they need to succeed, change lives, and transform societies.

  • Swiss Higher Educational Institution

    Rushford Business School is an approved post-secondary higher educational Institution with the authority to award private degrees in Switzerland. The institute is registered in the Canton of Zug, Switzerland under the UID CH-

  • International Council For Open & Distance Education (ICDE), Norway

    James Lind Institute is a proud member of the prestigious International Council for Open & Distance Education. ICDE has consultative partner status with UNESCO and shares UNESCO’s key value – the universal right to education for all. ICDE further derives its position from the unique knowledge and experience of its members throughout the world in the development and use of new methodologies and emerging technologies.

  • International Organization For Standardization (ISO) 9001:2015 Certified

    James Lind Institute (JLI) is fully accredited by the AMERICAN BOARD OF ACCREDITATION SERVICES (ABAS) as per ISO 9001:2015 standards for providing Training & Education Programs related to healthcare and allied sectors.

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