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.
After completing the course, you will be able to:
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.
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.
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|
|Accounting for Financial Reporting|
|Human Resource Management|
|Foundation – Economics||Development Economics|
|Gain 20 ECTS||International Business Environment|
|Introduction to Macroeconomics|
|International Trade and Finance|
|Operational Level||Business Statistics|
|Operations Management: Productivity and Quality|
|Corporate Social Responsibility: Ethics and Law|
|Management and Strategic Level- Choose electives to gain 40 ECTS|
|Management Level||Advanced Macroeconomics|
|Research Methodologies for Application in Business|
|Strategic Level||Strategic Management: Integrating the Enterprise|
|Government Debt Management|
|Business Communication MBA016|
|The Economics of Banking and Finance|
|Introduction to Mathematics|
|Competition Policy and Regulation|
|Economic Growth and Institutions|
|Public Policy and Law|
|China’s Belt and Road Initiative|
Who Is This Program For
$22,000 is the increase in earnings if you major in Economics- a study conducted by Forbes.com
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:
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
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 firstname.lastname@example.org 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
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.
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.
Completing your MSc from Rushford gives you the confidence and credibility to have completed a program from a top class European Business School
We offer one of the most flexible programs globally and you are always in control of how quickly you want to learn
We ensure that our academic programs stay current with the latest topics of relevance and importance