Dual Degree in Economics + International Relations - Study Plan

Drive economic transformation at a global scale
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A Unique Dual Degree in Economics & International Relations

The study plan for the Dual Degree Bachelor in Economics & Bachelor in International Relations at IE University has been designed with a prestigious academic experience at its core. Our faculty is composed of experts with extensive links between the university and the professional world.

The Dual Degree Bachelor in Economics & Bachelor in International Relations aims to provide young, ambitious individuals with the proper skill set to become professionals capable of facing global challenges with an analytical mindset.

Through our hands-on teaching methodology, students from the Dual Degree in Economics & International Relations will find the perfect balance between a theoretical and a practical education.

This enables them to develop profiles that can be adapted to the reality of the 21st century and acquire the most in-demand skills.
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STUDY PLAN

Year 1

1st semester

Courses
Type
ECTS
MATHEMATICS FOR ECONOMISTS
Type Core
ECTS 6
FOUNDATIONS OF MICROECONOMICS (BIE) /MICROECONOMICS (BIR)
Type Core
ECTS 6
FOUNDATIONS OF MACROECONOMICS (BIE)/MACROECONOMICS (BIR)
Type Core
ECTS 6
HISTORY OF INT. RELATIONS UPTO 1945: HISTORY OF INT. RELATIONS /ECONOMIC HISTORY
Type Core
ECTS 6
IMPACT WRITING LAB
Type Mandatory
ECTS 3
PROGRAMMING FOR ECONOMISTS I
Type Mandatory
ECTS 3
UNPLUGGED I- The economic dimension of the Agenda 2030
Type Mandatory
ECTS 3
LANGUAGES NI
Type Mandatory
ECTS 3

2nd semester

Courses
Type
ECTS
PROBABILITY & STATISTICS (BIE)/RESEARCH METHODS IN IR (BIR)
Type Core
ECTS 6
DEVELOPMENT AND GROWTH ECONOMICS
Type Core
ECTS 6
GAME THEORY
Type Core
ECTS 6
POLITICAL THEORY
Type Mandatory
ECTS 6
HISTORY OF INT. REL. SINCE 1945: CONTEMPORARY GLOBAL ISSUES
Type Core
ECTS 6
LANGUAGES NII
Type Mandatory
ECTS 3
RESEARCH METHODS
Type Mandatory
ECTS 3

Year 2

1st semester

Courses
Type
ECTS
ECONOMETRICS
Type Core
ECTS 6
FINANCIAL ECONOMICS & ACCOUNTING
Type Mandatory
ECTS 6
INTRODUCTION TO POLITICAL SCIENCE
Type Core
ECTS 6
LANGUAGES NIII
Type Mandatory
ECTS 3
INTERNATIONAL TRADE AND MONETARY SYSTEM (BIE) / INTERNATIONAL TRADE AND FINANCE (BIR)
Type Core
ECTS 6
UNPLUGGED II- Sustainable finance
Type Mandatory
ECTS 3
Technology - IE Module
Type Mandatory
ECTS 6

2nd semester

Courses
Type
ECTS
BEHAVIORAL ECONOMICS, FINANCE & DECISION-MAKING
Type Mandatory
ECTS 6
DATA SCIENCE FOR ECONOMISTS (BIE) / Unplugged: DATA VISUALIZATION (BIR)
Type Mandatory
ECTS 3
MARKET, AUCTION AND CONTRACT DESIGN
Type Mandatory
ECTS 3
ECONOMIC REPORTING LAB
Type Mandatory
ECTS 3
LANGUAGES NIV
Type Mandatory
ECTS 3
CORPORATE FINANCE
Type Mandatory
ECTS 6
PROGRAMING FOR ECONOMISTS II
Type Mandatory
ECTS 3
Econometrics II: Identification & Time-series
Type Mandatory
ECTS 3
CAPITAL MARKETS
Type Mandatory
ECTS 3
ENTREPRENEURSHIP- IE MODULE
Type Mandatory
ECTS 6

Year 3

1st semester

Courses
Type
ECTS
INTERNATIONAL RELATIONS THEORY
Type Core
ECTS 6
PUBLIC OPINION AND POLITICAL COMMUNICATION
Type Core
ECTS 6
PUBLIC ECONOMICS
Type Core
ECTS 6
COMPARATIVE POLITICS
Type Core
ECTS 6
LANGUAGES NV
Type Mandatory
ECTS 3
UNPLUGGED III: Negotiation and Multilateral diplomacy
Type Mandatory
ECTS 3
IE CHALLENGE
Type Mandatory
ECTS 6

2nd Semester

Courses
Type
ECTS
LANGUAGES NVI
Type Mandatory
ECTS 3
CLIMATE CHANGE AND ENVIRONMENTAL POLITICS
Type Mandatory
ECTS 3
THE EUROPEAN UNION
Type Mandatory
ECTS 3
AID, DEVELOPMENT AND SOCIAL ENTREPRENEURSHIP
Type Core
ECTS 6
INTERNATIONAL LAW
Type Mandatory
ECTS 6
INTERNATIONAL POLITICAL ECONOMY
Type Mandatory
ECTS 6
ECONOMIC MODELING & SIMULATION
Type Mandatory
ECTS 3
PEACE AND CONFLICT RESOLUTION
Type Mandatory
ECTS 6
HUMAN RIGHTS & SOCIAL INCLUSION
Type Mandatory
ECTS 3

Year 4

1st semester

Courses
Type
ECTS
ECONOMIC NUDGING AND POLICY DESIGN
Type Mandatory
ECTS 6
ECONOMICS OF WELLBEING
Type Mandatory
ECTS 3
NEW ECONOMY: DIGITAL, ECOSYSTEMS & PLATFORMS (BIE) / NEW ECONOMICS (BIR)
Type Mandatory
ECTS 6
TOPICS IN FOREIGN POLICY
Type Mandatory
ECTS 6
INSTITUTIONAL ECONOMICS
Type Mandatory
ECTS 6
ECONOMICS OF INNOVATION AND TECHNOLOGICAL CHANGE
Type Mandatory
ECTS 3
LABOR ECONOMICS, DIGITALIZATION, AND AI
Type Mandatory
ECTS 3
UNPLUGGED IV:Policy trends for global transformation
Type Mandatory
ECTS 3

2nd semester

Courses
Type
ECTS
IE Humanities- IE Module
Type Mandatory
ECTS 6
Electives/Study Abroad/ Curricular Internship
Type Electives
ECTS 24

Year 5

1st semester

Courses
Type
ECTS
Machine Learning & Analytics for Economists
Type Mandatory
ECTS 3
INDUSTRIAL ORGANIZATION AND STRATEGY / MANAGEMENT OF THE MULTINATIONAL CORPORATION
Type Mandatory
ECTS 6
EXPERIMENTAL ECONOMICS
Type Mandatory
ECTS 3
GLOBAL GOVERNANCE AND INTERNATIONAL INSTITUTIONS
Type Mandatory
ECTS 6
BLOCKCHAIN AND CRYPTOCURRENCY
Type Mandatory
ECTS 3
Economic Research: Consumers & Markets
Type Mandatory
ECTS 6
Economic Research: Regions & Industries
Type Mandatory
ECTS 6
UNPLUGGED V- Partnership and Co-Creation
Type Mandatory
ECTS 3

2nd semester

Courses
Type
ECTS
PROJECT MANAGEMENT
Type Mandatory
ECTS 6
Final Project
Type Final Project
ECTS 12
Final Project
Type Final Project
ECTS 12
Components
Credits
Core courses
99
Mandatory courses
210
Elective courses
24
Final project
24
Credits needed to graduate
357

Note: This study plan may be subject to change.

Contact the Admissions Department for details and updates

STUDY PLAN

FIRST YEAR – BUILD THE FOUNDATIONS FOR THE NEW ECONOMIST

A global economist looks at the world of economics from a global perspective. They study economic trends and international relations for all the countries and regions in the world, not just their own. In this first year, students will step into the shoes of global economists and learn the fundamentals of economics, programming, and the history of international relations, as well as the basis for both disciplines.

SECOND YEAR – BECOME A FINANCIAL AND DATA-DRIVEN ECONOMIST

International organizations and corporations require a financial economist to help them obtain the funds needed for short- and long-term investments, operational requirements, corporate reorganization initiatives, and expansion projects using data-driven solutions and technologies. This year, students will gain the tools needed to view the world from a financial perspective. They will explore how capital markets work and discover current financial trends in fintech, cryptocurrencies, and new digital platforms. Students will also analyze how finance plays a role in international relations and the political economy. Lastly, students will acquire the quantitative practical skills they need to analyze, model, and visualize data and economics using the latest data analysis techniques.

THIRD YEAR – BECOME A POLITICAL AND SOCIAL ECONOMIST

A global economist must possess the knowledge and skills to engage in the political negotiations that will bring about economic changes in society, both on a national and international level. In order to do this, students will explore political theories, political economy, and international law, and learn how to negotiate conflicts, climate change agreements, and social and development projects. Students will become confident enough to discuss the political economy of international institutions like the European Union, or the foreign policy of different countries. Furthermore, students will acquire skills to solve the economic dimensions of social issues like poverty, human rights, environmental issues, or conflicts.

FOURTH YEAR – BECOME A POLICY & DIGITAL ECONOMIST

A global policy and digital economist must find data-driven solutions to public-policy challenges based on robust evidence, expert insight, and data analysis. Students will not only learn the fundamentals of macroeconomics, fiscal and monetary policy, the economics of globalization, social insurance, and public investment, but will study more advanced topics like labor economics, institutional economics, or the economics of wellbeing. Furthermore, students will learn about the new digital economy, ecosystems, and platforms, as well as the policies needed to incorporate new technological changes and innovation in the digital era. During the second semester, students will be able to study abroad in various universities around the globe and take the electives of their choice.

FIFTH YEAR – BECOME A MANAGERIAL ECONOMIST

Ultimately, a global economist is not only focused on research and analysis but on managing international economic projects with multinational corporations, organizations, or development banks. Students will acquire the skills and knowledge they need to become efficient managers in these contexts and environments. They will become familiar with the latest technologies in machine learning, AI, programming, and economic analysis, so they are fully prepared to hit the ground running in their future roles.

COMPETENCES

GENERAL COMPETENCES

  • Participate in public and expert debates on the economy and politics at the national and international level.
  • Apply abstract reasoning and critical thinking to understand economic, political and social processes and propose solutions to complex problems in multidisciplinary environments.
  • Conduct model-based socioeconomic analyses to identify dynamics and key factors affecting changes or stability over time.
  • Convert large volumes of data into usable information and develop solutions that are relevant for a given context from the socioeconomic and business management standpoints.
  • Write convincing written texts applicable to a variety of academic and professional contexts.
  • Develop arguments that demonstrate a critical understanding of political and social phenomena.
  • Apply the knowledge acquired to develop interpretations of current economic phenomena and argue the case.
  • Make use of historical and current documentary sources.
  • Develop the technical IT competences necessary for a professional setting.
  • Present a global vision with regards to trends and debates in international relations.
  • Evaluate the economic dimension of international public and private policies.
  • Plan and implement public and private policies at the international level, providing justification for their implementation.
  • Use different information sources and channels to create and convey information, ideas, problems and solutions related to current international affairs.
  • Train to conduct research and studies on the international sphere and its political, economic, social and cultural facets.
  • Possess a critical understanding of the legal implications of international relations.
  • Develop public- and private-sector strategies for real economic contexts.
  • Communicate orally and in writing in both Spanish and English in a professional and academic context.
  • Analyze and consider contemporary challenges and the social and cultural complexity of globalized society through a critical and creative lens.
  • Apply suitable ethics-based judgements to all professional activities and relationships, with the ability to differentiate between personal and professional life.
  • Apply and adapt knowledge and competences to a variety of international academic and professional contexts.
  • Develop flexible problem-solving tools for organizational management that take the satisfaction of different stakeholders into consideration.

PROGRAM-SPECIFIC COMPETENCES

  • Acquire a critical understanding of the historical foundations and principles of private and public statutory law.
  • Analyze the different branches of law from the perspective of their economic, political or social functions.
  • Understand the basic principles of certain non-legal matters concerning the regulation of the different branches of law, and which are important for the attainment of a multidisciplinary education.
  • Apply abstract reasoning and analytical competences so as to understand economic, political and social contexts and formulate solutions to complex problems in multidisciplinary settings.
  • Promote constitutional and democratic values, the principles of the rule of law and the protection of fundamental rights as a representative of the legal profession.
  • Analyze the institutions of public and private law.
  • Achieve a comparative perspective of law and understand the evolution of civil and common law systems on a global level.
  • Identify and determine the scope of legislative changes in each area.
  • Understand the main public and private institutions, their genesis and interconnection, as well as the procedures of their activities and the guarantees they provide.
  • Identify, formulate and solve substantive and procedural issues related to the different branches of public law.
  • Understand legal phenomena on a supranational level.
  • Develop analytical and practical competences in the resolution of cases of international and European law.
  • Acquire negotiation and reconciliation competences in the legal sphere.
  • Think creatively and develop new ideas and concepts in the field of law.
  • Understand classical and contemporary political theories.
  • Analyze and compare the structure and functioning of the main political systems.
  • Recognize the paradigms, concepts and principles of political science.
  • Understand microeconomic and macroeconomic models and obtain specific information from them.
  • Be capable of identifying the key aspects of an economy and the operation of local and global markets.
  • Understand international relations’ evolution as a discipline by placing it in the corresponding political, economic, legal and social contexts.
  • Understand the historical dimension and evolution of the political and social processes hitherto in play in international relations.
  • Produce, gather, analyze and interpret data and statistics.
  • Understand the concepts, framework of application and theoretical foundations of international relations.
  • Justify political and social stances in line with the discipline’s different theories.
  • Understand the relationships between the different stakeholders in play as a function of a region’s current economic policy model.
  • Understand the legal aspects and decision-making processes used as a part of nations and international organizations’ foreign policies in accordance with international law.
  • Evaluate cases related to international jurisdiction, applicable law and the recognition and enforcement of judgements.
  • Understand the structure, organization and operation of different types of international and supranational institutions, with particular focus on the European Union and the challenges it will face in the future.
  • Analyze the course of global issues such as international terrorism, challenges in health and education and development cooperation.
  • Understand and analyze the international economic environment and the economic dimension of international institutions using economic and financial tools in line with a given policy direction.
  • Analytically connect past and current knowledge and processes through interdisciplinary analysis.
  • Design communication strategies and apply political communication techniques.
  • Apply the knowledge acquired to experimentation and the generation of new knowledge.
  • Integrate and deploy all knowledge acquired throughout the program.

TRANSVERSAL COMPETENCES

  • Develop decision-making competences and an entrepreneurial mindset.
  • Create collaboration plans for partnerships between public and private institutions.
  • Identify the main cultural identity traits that characterize today’s world by understanding the main contemporary ideological trends.
  • Behave professionally in accordance with the core principles and ethics of the profession.
  • Manage unforeseen situations by being able to adapt to organizational changes.
  • Use knowledge of the discipline to analyze and evaluate current situations.
  • Form a part of interdisciplinary and multicultural teams to achieve shared goals in a diverse environment.

APPLICABLE REGULATIONS OF THE PROGRAM

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