Master’s Degree in International Trade and Economic Relations

The Master’s Degree in International Trade and Economic Relations (MUCREI) is designed to train you to understand and master the instruments used in foreign trade and global business strategies, while at the same time delving into political, economic, and geo-strategic principles and the keys to corporate diplomacy that allow companies to successfully access the most attractive markets on a global level. You'll study specific management modules, where key aspects such as international finance, management and negotiation skills, global marketing, and geo-strategic analysis are explored.

Why study for the Master’s Degree in International Trade and Economic Relations?

• Experiential learning: You'll have access to practical sessions on management skills and masterclasses aimed at enhancing the development of competencies in international trade and economic relations
• Operational visión: You'll learn how the main geo-economic areas and international markets operate, and learn about the operations that are essential for the successful development of foreign trade: procedures, contracting, insurance, risks, logistics, etc
• International visit: you'll be able to round off your training with a period of study abroad that includes visits and activities in some of the most important institutions in the sphere of trade and international economic relations in the European Union and the United Nations
• Learn from the best: Your professors will be executives and former executives from leading companies such as KPMG, DRUMMER, Maersk Line, and the Esteban G. Vigil Foundation, and will familiarise you with professional realities through the analysis of real-life cases.

It specifies the academic program of a master's degree, emphasizing its focus on International Trade and Economic Relations and indicating a credit value of 60 ECTS

• Module I: Management Skills for International Environments
• Module II: International Economic Environment
• Module III: International Finance
• Module IV: Geo-economic Areas: Developed Economies
• Module V: Geo-economic Areas: Emerging Economies
• Module VI: Company Internationalisation Strategies
• Module VII: Foreign Trade Instruments I
• Module VIII: Foreign Trade Instruments II
• Module IX: In-Company Internships
• Module X: Final Master’s Project

Methodology of the Master’s Degree in International Trade and Economic Relations

• The master's program will provide you with a specific qualification in the field of management within international economic institutions, and the international management of companies
• With this degree, you'll learn about global business strategies and the instruments used in foreign trade, while at the same time exploring the key political and economic aspects of the most competitive economies and emerging countries. You'll also learn about crisis management processes, mergers, expansions, and integration with other companies
• The master’s program aims to create experts in international business, international economic relations, and foreign trade management who have a practical and operations-oriented vision of the sector, fostering a spirit of entrepreneurship and creativity
• The course syllabus includes specific international management modules where you’ll develop your knowledge of key areas such as international finance, management and negotiation skills, marketing, and geo-strategic analysis. It also includes specific modules focused on understanding and operating within the main geo-economic areas and markets, together with modules that explain the operations that are essential for the successful development of foreign trade: procedures, contracting, insurance, risks, logistics, etc
• You’ll be able to design and implement a company internationalization plan. You'll develop a marketing strategy for organizations operating in international – and therefore multicultural – environments. You'll have a global vision of international business and trade, a knowledge of the institutions and organizations that govern international economic relations, and you'll gain a comprehensive understanding of the different financial markets, identifying the best opportunities for the company or institution you work for
• You'll be able to round off your training with a period of study abroad that will include activities and visits to some of the most important institutions in the sphere of trade and international economic relations in the European
• Union and the United Nations in cities such as Brussels, Strasbourg, Frankfurt, and Geneva
• You’ll be able to access a labor market with a high employment success rate.

General competencies

With all of the above, and taking into account the two-pronged approach of the master's degree, we aim to develop the following general competencies in students, by the provisions of Royal Decree 1393/2007 for the master's degree level:

• Capacity for making correlations, honing perception, and analytical skills, and interpreting the environment to be able to integrate information and make decisions in new environments.
• Knowledge integration, i.e. having an integrated vision of all the dimensions of a company or international organisation, to be able to analyze problems and look for solutions as a group.
• Ability to understand and leverage cultural diversity, developing respect for diversity.
• Ability to work as part of a team, innovative mentality, and decision-making.
• Communication skills (in both Spanish and English) to debate and present ideas and business projects in each area of the course syllabus to a specialized or non-specialized audience.
• Entrepreneurial spirit is required to incorporate the knowledge and skills developed during the master's degree into a Final Master’s Project.
• Critical thinking skills and a capacity for self-criticism.

Specific competencies

The following are the specific competencies that graduates will be able to demonstrate on completing their master's degree:

• Ability to lead projects and teams using an integrated ethical and socially responsible approach, assessing the impact of decisions made on profits, the market, people, and society.
• Mastery of the fundamentals of the world’s major economic areas, to translate these into competitive advantages for the company.
• Understanding the international legal, fiscal, business, and technological framework within which a company operates, and its impact on business activity when it comes to embarking on international projects.
• Ability to analyze the international economic environment. Ability to carry out assessments, and to plan strategically for the medium and long-term using existing tools.
• Development of high-level management competencies: leadership, emotional intelligence, communication skills, team management, group work, planning, conflict resolution, negotiation, and results orientation, always from a multicultural perspective and with respect for diversity.
• Comprehensive understanding of international financial markets, as well as financial instruments, to help companies and organizations define their financial policy.
• Definition and implementation of marketing, sales, and communication strategies for a multinational company opening up to new markets.
• Management of the resources required to successfully implement a plan for company internationalization, relaunching a new activity or opening up the company to new markets.
• Identification of the risks involved in the process of business internationalization and providing advice on tools and instruments that can protect the company from these risks.
• Proactively promote the use of technology in the processes that affect the different areas of decision-making, facilitating efficiency, innovation, and the generation of knowledge for companies immersed in processes of internationalization.

Credits:60 ECTS

With all of the above, and taking into account the two-pronged approach of the master's degree, we aim to develop the following general competencies in students, in accordance with the provisions of Royal Decree 1393/2007 for the master's degree level:

• GC.1. Capacity for make correlations, honing perception and analytical skills and interpreting the environment in order to be able to integrate information and make decisions in new environments.
• GC.2. Knowledge integration, i.e. having an integrated vision of all the dimensions of a company or international organisation, in order to be able to analyse problems and look for solutions as a group.
• GC.3. Ability to understand and leverage cultural diversity, developing respect for diversity.
• GC.4. Ability to work as part of a team, innovative mentality and decision-making.
• GC.5. Communication skills (in both Spanish and English) to debate and present ideas and business projects in each area of the course syllabus to a specialised or non-specialised audience.
• GC.6. Entrepreneurial spirit required to incorporate the knowledge and skills developed during the master's degree into a Final Master’s Project.
• GC.7. Critical thinking skills and a capacity for self-criticism.

The expansion departments of large companies operating in different sectors, international consultancies, international law firms, government institutions, SMEs that want to embark on the internationalization process, consultancy services for all types of organizations, or your entrepreneurial initiatives.

Eighty-eight percent of Universidad Europea students find a job within 12 months of completing their studies.

Be the Professional that International Companies Demand

The most comprehensive master's degree is designed to create experts in international business, international economic relations, and foreign trade management, who have a practical and operations-oriented vision of the sector and mastery of the tools used in global companies.

Bringing you Closer to Professional Realities

With a Master's Degree in Foreign Trade and International Economic Relations, professionals who are working in major companies are involved in teaching the master's degree program, bringing students closer to professional realities through the analysis of real-life cases.

Some of these companies are:

• ICEX
• AVANTE
• CECO