Economic and financial analyses increasingly require both applications of sophisticated quantitative and scientific knowledge and a broad understanding of the international business environment. The Master of Science in Global Commerce & Finance (MSGCF) is a 36-unit or nine-course program over three semesters that provides robust training in quantitative analysis using applied econometrics, quantitative economics, agents-based/predictive modeling, computer simulations, and visualization that can be applied to international business, economics, and political interactions. Our MS in Global Commerce and Finance has been designated and approved as a STEM program.

As global economic integration expands, sound financial decisions in the public and private sectors cannot be based solely on domestic considerations. The MSGCF program augments rigorous study in economic theory and analysis with deep examination of the cross-cutting global, regional, and local issues affecting business. Curriculum draws on economic theories, applied econometrics, quantitative economics, predictive modeling, and political economy to understand global economic and financial interactions. Hands-on training in quantitative research gives our students a competitive edge, allowing them unique insight into international finance and business that takes into account the evolving relationship between commerce and international politics and policy. Our transdisciplinary approach creates thoughtful problem solvers who know when to reach across academic boundaries.

Program Highlights
  • Ideal for professionals seeking positions with a focus in international economics, trade, and finance in the commercial sector, or in government, international, and nonprofit organizations.
  • The Division of Politics & Economics has had success placing graduates in top governmental agencies, such as the World Bank, as well as in prominent private-sector firms.
  • The distinguished economics and international studies faculty and alumni network is a great source for employment.
  • This program is STEM designated, allowing international students who hold F-1 visas to apply for OPT work authorizations for a total of 36 months (an initial 1-year period and a 24-month OPT STEM extension) of paid work experience in the U.S. after graduation.
  • Pursue your MS in conjunction with another degree, such as an MS in Information Systems & Technology. You earn a diploma for each degree and “double count” some units from one program to the other to decrease your required total units.

Program At a Glance

36 units

1.5 years

*This estimate assumes full-time registration and pursuit of the degree. Actual completion times will vary and may be higher, depending on full- or part-time course registration, units transferred, and time to complete other degree requirements.

Fall | Spring | Summer

Economic Sciences, International Studies

Division of Politics & Economics

MS in Global Commerce & Finance

Featured Courses

ECON 350
Global Money & Finance

Provides a sound understanding of contemporary global financial issues with the emphasis on applying relevant intermediate macroeconomic theory.

SPE 471
Strategic Modeling for Politics, Economics & Business

Introduces students to decision making and the strategy process through multiple techniques, creating a strategy toolkit with applications in politics, economics, and business.

SPE 410
Political Economy of International Development

Examines major issues in international development such as economic growth, monetary policy, investment, education, population, income distribution, and urbanization, using quantitative economic methods and case studies to explore the connection between government and business environments.

ECON 370
The World Economy: Trade and Finance

Investigates how economic analysis can be applied to an understanding of key contemporary issues relating to the world economy by studying the political environment in which economic policy is formulated and developing an awareness of the data available on aspects of the world economy.

PP 487
Applied Data Analysis and Econometrics

Applies methods techniques learned in previous statistics courses to introduce best practices in data management and analysis. Covers maximum likelihood estimation and logit/probit analysis as well as simultaneous equation modeling, and methods techniques are expanded to embrace time series, panel data, and spatial analysis, including geographical information systems.

SPE 486
Data Analytics and Visualization

Surveys and applies over 20 different methods and tools (including econometrics, big data, game theory, network analysis, social media, machine learning, sentiment analysis and data mining) to solve real world political, economic, and business issues. Students will learn and use widely accepted analytics software platforms, including Excel, R, STATA, TABLEAU, and GEPHI.


Core Courses (24 units)

Analytic Framework (16 units)

  • The World Economy: Trade & Finance
  • Microeconomics and Public Policy
  • Political Economy of International Development
  • Strategic Modeling for Politics, Economics & Business

Quantitative Methods (8 units)

  • Quantitative Research Methods or Equivalent International Studies Methods courses
  • Data Analysis Using SAS
  • For students with suitable mathematical background:

  • Probability & Statistics for Economists
  • Econometrics

Electives (12 units of approved courses)

  • Global Money & Finance
  • Financial Economics
  • Behavioral & Empirical Finance
  • International Finance & Economic Development
  • Macroeconomic Analysis
  • Data Analytics & Visualization
  • Advanced Formal Models
  • Seminar in Social Network Analysis
  • Seminar in Computational & Agent-Based Modeling
  • Applied Data Analysis
  • Political & Economic Development in Latin America
  • Politics of Africa
  • Political Economy of Africa
  • World Politics
  • International Political Economy
  • Political Economy of China

Faculty & Research

  • Yi Feng profile image

    Yi Feng

    Luther Lee Jr. Memorial Chair Professor

    Research Interests

    International Political Economy, International Relations, Political Economy of China and Latin America, Quantitative Methodology

  • Graham Bird profile image

    Graham Bird

    Clinical Professor of Economic Sciences
    Program Director: International Money and Finance; International Economic and Development Policy
    Co-Director: Claremont Institute for Economic Policy Studies

    Research Interests

    International Finance, International Macroeconomics, Economic Development

  • Thomas Willett profile image

    Thomas Willett

    Professor Emeritus
    Director, Claremont Institute for Economic Studies

    Research Interests

    International Money and Finance, Political Economy of Economic Policy

  • Mark Abdollahian profile image

    Mark Abdollahian

    Full Clinical Professor

    Research Interests

    Strategic Decision Making, International Political Economy, Sustainable Development

  • Jacek Kugler profile image

    Jacek Kugler

    Elisabeth Helm Rosecrans Professor of International Relations

    Research Interests

    Causes and Consequences of War, Political Performance, Power Transition

  • Melissa Rogers profile image

    Melissa Rogers

    Associate Professor, International Studies
    Co-Director, Inequality and Policy Research Center
    Field Chair, Comparative Politics

    Research Interests

    Comparative Politics, Political Economy, Economic Inequality

  • C. Mónica Capra profile image

    C. Mónica Capra

    Professor of Economic Sciences

    Research Interests

    Experimental Economics, Behavioral Economics, Neuroeconomics

  • Robert Klitgaard profile image

    Robert Klitgaard

    University Professor

    Research Interests

    Public Policy, Economic Strategy, Institutional Reform, Corruption

  • Tom Kniesner profile image

    Tom Kniesner

    Senior Research Fellow

    Research Interests

    Labor Economics, Health Economics, Econometrics

  • Sallama Shaker profile image

    Sallama Shaker

    Senior Fellow of Middle East & International Studies

    Research Interests

    Power Politics, Religion, and Culture in the Middle East; Feminization of Poverty and Global Challenges; Globalization

  • Joshua Tasoff profile image

    Joshua Tasoff

    Associate Professor of Economic Sciences

    Research Interests

    Behavioral Economics, Experimental Economics, Microbial Economics

  • Paul J. Zak profile image

    Paul J. Zak

    Professor of Economic Sciences, Psychology & Management
    Director, Center for Neuroeconomics Studies

    Research Interests

    Neuroeconomics, Neuroscience of Narratives, Neuromanagement

Where You Can Find Our Alumni

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Gabriela Krupa

Associate Director of Admissions
T: 909-607-9101