The difference between International Economics and International Business

Graduates in International Economics can work in trade and investment agencies, or embassies; while those in International Business usually work in private companies.

At the admissions counseling session on July 9th at the National Economics University, many students asked how to differentiate between International Economics and International Business. Below is a sharing from Associate Professor Dr. Ta Van Loi, Director of the Institute of International Trade and Economics, about the differences between these two majors.

International Economics

- Concept and curriculum: This is a field of study, focusing on macroeconomic issues.

At the National Economics University, the International Economics program has a duration of 130 credits, including courses such as International Economics, World Economy, Foreign Economic Policy, International Economic Integration, etc. The program is based on the training framework of International Florida University, which has been accredited according to US standards.

- Learning outcomes: The International Economics major aims to train graduates with fundamental and up-to-date knowledge of the world economy, economic relations, and international organizations and institutions.

- Post-graduation employment: State management agencies for international trade, investment and services; international organizations, foreign affairs agencies, embassies; Vietnamese trade and investment representative offices abroad; universities, research institutes on world economics, regional economics, international institutions and international economic relations; domestic and foreign enterprises.

- Transfer opportunities: International Economics students have the opportunity to transfer to the University of Northampton (UK) or Waikato University (New Zealand) under a 3+1 program, and are also introduced to work and study opportunities in Japan.

Associate Professor Dr. Ta Van Loi, Director of the Institute of International Trade and Economics, National Economics University. Photo: Provided by the subject. — Associate Professor Dr. Ta Van Loi, Director of the Institute of International Trade and Economics, National Economics University. Photo: *Provided by the subject.*

International Business

- Concept and curriculum: This is a field of study that focuses on micro-level issues, such as the business management practices of enterprises on an international scale.

The International Business program also comprises 130 credits, including courses such as International Business, International Supply Chain Management, Import-Export Operations, International Marketing, International Finance, International Human Resources, and International Accounting... Students can choose one of two advanced and high-quality programs, both using the curriculum of the University of California (USA).

- Learning Outcomes: Graduates of the International Business program are equipped with specialized knowledge and skills to work in a professional, highly competitive international environment.

- Post-graduation employment: Multinational and transnational companies, FDI, import-export; representative offices of foreign companies; international organizations; central and government foreign affairs agencies; central and local state management agencies for the economy; trade attachés of foreign countries; domestic and foreign economic research institutes and departments.

- Transfer opportunities: Advanced transfer programs include 3+1 study at Saxion University (Netherlands), University of Northampton (UK), and Waikato (New Zealand); and 2+2 study at the University of San Bernardino, California (USA).

Overall, International Business and International Economics are suitable for dynamic individuals who want an international work style, working in foreign companies, and developing themselves to meet standards that allow them to compete with international talent.

Assoc. Prof. Dr. Ta Van Loi

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