M.S. International Economics and Finance

The master of science in International Economics and Finance (IEF) from Valparaiso University provides students with theoretical and analytical training in the economic, financial, and policy aspects of global business and commerce. This 36-credit program is designed for U.S. and international students seeking to acquire skills to develop strategies and policies for a complex global business environment. Students will learn to apply economic models and statistical methodology to develop a keen understanding of local and global economic issues, consumer and firm behavior, trade and currency flows, and investments. They also will have the opportunity to earn a certificate in Applied Econometrics and Data Science Foundations using SAS while obtaining hands-on experience in data manipulation, econometric modeling, and forecasting techniques. They will learn to conduct complicated data analysis, a valuable skill in the design and implementation of solutions to business and policy questions. The program can be completed in 18 months of full-time coursework. Graduates of this degree program will be well-positioned to work in the profit, nonprofit, and government sectors.

  Economic Theory (15 Credits)  
ECON 501 Theory and Applications in Microeconomics 3 cr
ECON 502 Theory and Applications in Macroeconomics 3 cr
ECON 623 International Economics 3 cr
ECON 538 Economics of Financial Markets 3 cr
ICP 661 International Political Economy 3 cr
  Statistical Analysis (9 Credits)  
POLS 513 Research Methods and Basic Statistics 3 cr
ECON 525 Applied Econometrics 3 cr
ECON 543 Time Series Analysis 3 cr
  Professional and Leadership Skills (3 credits)  
ICP 621 Global Leadership and Team Development 3 cr
GRD 683 Professional and Career Development 0 cr
  Electives (9 credits)  
  At least two courses from the following options:  
ECON 539 Money and Banking 3 cr
ECON 627 International Monetary Theory and Applications 3 cr
ECON 573 Applied Data Science 3 cr
STAT 540 Statistics for Decision Making 3 cr
  Other Electives  
ECON 563 Introduction to SAS 3 cr
ECON 536 Economics of Developing Nations 3 cr
ECON 686 Internship 1-3 cr
ECON 695 Independent Study 1-3 cr
ECON 537 Public Economics 3 cr
ICP 622 Developing Nations and Sustainability 3 cr
ICP 662 International Competitiveness, Politics, and Policies 3 cr
ICP 615 New Venture Creation 3 cr
ICP 616 Import and Export: Planning and Procedure 3 cr
ICP 671 International Business Transactions 3 cr
ICP 678 International Commerce and Trade Law 3 cr
ICP 670 Law and Legal Principles 3 cr
STAT 561 Introduction to R 3 cr
STAT 541 Probability 4 cr
STAT 542 Mathematical Statistics 3 cr
STAT 544 Stochastic Processes 3 cr
MATH 523 Game Theory 3 cr
MATH 522 Optimization 3 cr
AMOD 610 Business Analytics 3 cr
AMOD 533 Data Mining 3 cr


Note: GRD 500 Graduate Academic Success is required for all new international graduate students in their first semester of enrollment.

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    Applicants must meet all the requirements of the Graduate School as well as demonstrate adequate preparation for successful study in the program. Applicants must also demonstrate quantitative skills by satisfactorily completing a college level statistics course and a college level mathematics course at the level of algebra or higher. While the GRE test is not required for admission, applicants who score a 152 or higher on the quantitative reasoning portion of the test may use their score to demonstrate quantitative skills in lieu of the college level mathematics course. Students may be eligible for admission to this program as an Early Entry student.

    Early Entry for Valpo Undergraduates

    Qualified VU juniors and seniors may apply to begin graduate course work in International Economics & Finance prior to graduation.  This unique program allows students to save time and money on their graduate programs as courses taken at the graduate level count toward both the bachelor’s and master’s degree.  For more information, students should speak with their academic advisors and contact an admissions counselor at the Graduate School.

    Stem Classification

    The MS in International Economics and Finance program is classified as a STEM field, which means international students qualify for three years of Optional Practical Training (OPT) after graduation


    Students may be surprised to discover the affordable tuition rate at Valparaiso University. Please visit the Student Financial Services website for current tuition rates. Financial aid may be available for students taking 6 credits or more during fall and spring semesters.
    Student Financial Services

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    Contact Information

    Graduate School & Continuing Education
    Kretzmann Hall
    1700 Chapel Drive
    Valparaiso, IN 46383

    219.464.5313 or 800.821.7685

    Office Hours
    8:00 a.m. to 5:00 p.m. CST