International Finance and Economic Policy (IFEP)

International Finance and Economic Policy Curriculum

The International Finance and Economic Policy (IFEP) concentration provides a framework to examine and interpret observed economic and financial events in the global economy. The IFEP curriculum combines the tools from economics, finance, and statistics to understand the relationships between the real economy, financial markets, and policymaking, in both developed and emerging economies.

The concentration comprises three focus areas.

The International Finance focus area combines the analytical instruments of finance and applied financial modeling with a deep understanding of contemporary financial and capital markets in developed and emerging countries. 

The International Economic Policy focus area applies the tools of international economics, political economy, and econometrics to understand the role of economic policies on the global economy.

The new Central Banking focus area provides the building blocks for state-of-the-art central bank intervention by studying the goals, tools, and governance structure for conventional and unconventional monetary policy and financial regulation.

All IFEP students are required to enroll in i.) the more advanced year-long core economics sequence SIPA U6400 and SIPA U6401; and ii.) International Finance Monetary Theory (INAF U6018).

IFEP Audit Form 2017-18.pdf

Andrea Bubula, Lecturer in the Discipline of International and Public Affairs; Executive Director of the International Finance and Economic Policy Concentration

Richard Robb, Professor of Professional Practice in International and Public Affairs; Director of the International Finance and Economic Policy Concentration


Flavio Bartmann, Adjunct Assistant Professor of Statistics and International and Public Affairs

Jagdish Bhagwati, University Professor

Willem Buiter, Adjunct Professor of International and Public Affairs

Thomas ByrneAdjunct Professor of International and Public Affairs

Charles Calomiris, Henry Kaufman Professor of Financial Institutions in the Faculty of Business

Sara Guerschanik Calvo, Lecturer in Discipline of International and Public Affairs

Patrick Chovanec, Adjunct Professor International and Public Affairs

Richard Clarida, C. Lowell Harriss Professor of Economics and Professor of International and Public Affairs

Christine Cumming, Adjunct Professor International and Public Affairs

Christian Deseglise, Adjunct Professor International and Public Affairs

Patrick Dwyer, Adjunct Associate Professor of International and Public Affairs

Irene Finel-Honigman, Adjunct Professor of International and Public Affairs

Richard Goldberg, Adjunct Professor of International and Public Affairs

Gailen Hite, Adjunct Professor of Business and International and Public Affairs

Takatoshi Ito, Professor of International and Public Affairs

Markus Jaeger, Adjunct Associate Professor of International and Public Affairs

Merit JanowDean, School of International and Public Affairs; Professor of Professional Practice in the Faculty of International and Public Affairs

Wojciech Kopczuk, Professor of Economics and International and Public Affairs

Arthur Kroeber, Adjunct Associate Professor of International and Public Affairs

Ronald Leven, Adjunct Professor of International and Public Affairs

Jacob Lew, Visiting Professor of International and Public Affairs

Arvid Lukauskas, Adjunct Associate Professor of International and Public Affairs

Allan Malz, Adjunct Associate Professor of International and Public Affairs

Benjamin Mandel, Adjunct Professor of International and Public Affairs

Jorge O. Mariscal, Adjunct Professor of International and Public Affairs

Deborah McLean, Adjunct Professor of International and Public Affairs

Joel Moser, Adjunct Professor of International and Public Affairs

Patricia Mosser, Adjunct Professor of International and Public Affairs

Arvind Panagariya, Jagdish N. Bhagwati Professor of Indian Political Economy

Ailsa Röell, Professor of International and Public Affairs

Daniel Rosen, Adjunct Associate Professor of International and Public Affairs

Mark Rosenberg, Adjunct Associate Professor of International and Public Affairs

Anne Sibert, Visiting Professor of International and Public Affairs (part-time)

Fernando B. Sotelino, Adjunct Professor of International and Public Affairs

Marcos Troyjo, Adjunct Associate Professor of International and Public Affairs

Daniel Waldman, Adjunct Assistant Professor of International and Public Affairs

Shang-Jin WeiProfessor of International and Public Affairs

Bruce Wolfson, Adjunct Professor of International and Public Affairs

The International Finance and Economic Policy Concentration (IFEP) requires 15 points, consisting of 5 three-point courses: 1 core required course and 4 required courses according to the focus area.

Note: Concentration courses cannot be audited or taken pass/fail. Students in the IFEP concentration must satisfy their SIPA economics requirement with the advanced economics sequence (SIPA U6400/SIPA U6401), and must earn a B- or better in both courses.

Students in the IFEP Concentration choose to fulfill the requirements of one of the following: International Finance focus area, Economic Policy focus area, or International Central Banking focus area.  

International Finance Focus Area

Economic Policy Focus Area

International Central Banking Focus Area