A comprehensive understanding of monetary policy, financial markets and their regulatory environment constitutes the core of this master’s program, particularly designed for students with a strong background in quantitative economics. In the context of growing economic globalization, international issues regarding monetary policy and macroeconomics in general are becoming increasingly important. This is particularly the case for small open economies such as Switzerland, a substantial portion of whose income is derived from the export of goods and services as well as from capital earnings. It also applies to the growing integrated market of the European Union, to many emerging economies as well as to large mature economies (such as the U.S.) that are more affected by international developments today than they were in the past. As domestic aspects become relatively less important, it is essential to the economic wellbeing of many countries that competent specialists are trained to focus on aspects of international economics. Especially the recent financial crisis and its effects on economies throughout the world demonstrate how important an efficiently functioning monetary sector is for today’s global economy. Show less