Economics & Business

Economics & Business
The CBL International Economics & Business programme at Oriel College Oxford offers participants a number of academic programmes focusing on business and economic topics, including: Global Macroeconomics, Financial Crisis & Policy Response, Behavioural Economics, and other cutting-edge economic disciplines. Each session is two weeks, and extension options include up to ten weeks.

Additionally participants can attend to optional PPE courses, which are a great combination of Philosophy, Politics, and Economics, or choose topics focusing on International Law, Business & Legal English, and more.

If participants are seeking to extend their programme to include International Business & Management, we offer university programmes in Cambridge focusing on these areas. You can combine the two famous cities of Oxford and Cambridge in one academic summer programme.

About This Programme

Length You can attend for 2, 4, 6, 8, or even 10 weeks.
Available Dates Spring Session: 18 March – 31 March 2018

Summer Session 1: 01 July – 14 July 2018
Summer Session 2: 15 July – 28 July 2018
Summer Session 3: 29 July – 11 August 2018
Summer Session 4: 12 August – 25 August 2018
Summer Session 5: 26 August – 08 September 2018

Lectures, Exams & Credits Delegates will participate in one course per week.

An assignment will be given during each course (one examination per week). Course examination results will be listed in your official academic transcript. Workload of Summer Institute at Oriel College Oxford is designed to be equivalent to:

– 4-6 ECTS (2-3 US credits) per two-week session
– 8-12 ECTS (4-6 US credits) per four-week session

Oriel College (University of Oxford, UK) will award for each delegate who successfully graduates from the programme with a Certificate of Attendance and Achievement and an Academic Transcript.

The Academic Transcript will also be presented and will contain the following information:

– Courses attended and chosen lecture track
– Results of the weekly examinations
– Workload of each course

Accommodation Single dormitory room with shared bathroom, includes daily breakfast.

If you would like lunch and dinner provided for you, there is an additional charge of 420 GBP.

Fees Please see our fees & tuition.
Prerequisites This is an open enrolment course, we recommend applicants to have prior knowledge or strong interest in the subject/course they are enrolling in.
Additional Information In addition to lectures given, this course also includes various extra-curricular activities such as social events & leisure activities, visits to businesses and institutions in London, and excursions to famous places and historical landmarks. Learn more about Programme Information.

Course Details

  • Spring Timetable
  • Summer Timetable
  • Overview
  • Course Description
  • Faculty
Our Spring session runs from 18 March – 31 March 2018. To find out more, view the sample schedules below:

* Academic Programme Particulars: Each session is comprised of two weeks of tuition.
* Delegates are welcome to participate in multiple sessions. Each week, students will participate in a course of their choice in their preferred track.
* Each track offers courses in one academic discipline.
* It is possible for delegates to choose a course that is not in their track.
* As the beginning of the programme nears, enrolled delegates will be asked to select their courses.
* Delegates will be assigned to courses, subject to availability. While we are able to allocate most students to their preferred courses, on some occasions students will be allocated their second choice.
* Delegates are welcome to extend their stay by participanting in multiple sessions either in Oxford or our sister-programme Cambridge Summer Institute at Magdalene College, Cambridge.

For a typical week at Summer Institute, please click here.

Below is a draft schedule for Summer Institute at Oriel College (click to enlarge)

*Disclaimer* Changes to the course description, topics, programme structure, and schedules may occur due to the availability of faculty members at the actual time of the programme.

business-managementOxford Summer Economics & Business programme gives students and young professionals from all over the world the exceptional opportunity to study abroad in Oxford (UK). Our summer programme in this beautiful city focuses on the various cutting-edge topics of International Management, International Business, International Economics, International Business Law, Business and Legal English, as well as Political and Economic Philosophy.

All courses are taught by members of the University of Oxford (UK) or University of Cambridge (UK). Some courses offered will be also given by representatives of companies and institutions or professors and lecturers from other universities closely linked to Oxford or Cambridge.

CBL International also offers study abroad programmes in Cambridge (UK), and at Ivy League institutions in the USA so you can even combine Oxford, Cambridge, and the USA in your individual summer programme.

Global Macro Economics: Financial Crises and Policy Responses

This course will expose the banking systems and they involvement in the financial crises, utilizing a various set of examples to illustrate key concepts such as the credit crunch and its effects in the real economy in order to later translate into the sovereign debt crises in Europe. This course will also cover subjects such as the unconventional monetary policy and the banking system reform implemented as the result of the financial crises.

Global Macro Economics: The Economics of Big Health Challenges

This course will discuss and analyse the state of health in the world and the challenges of the next 20-50 years. In addition, delegates will learn how health financing will need to adapt to the challenges of an aging population. Case studies analyzing pandemics, such as SARS, flu, and Ebola, will be looked at in detail to understand how these cross over into the financial market, looking at early warning, and response ideas.

International Taxation

The course on International Taxation will introduce participants with the key concepts in taxation bringing an in-depth understanding of tax laws affecting international business and individuals. This course will also focus in taking a look at the benefits and risks of cross-border transactions.

Development Economics

In recent years, the standard neoclassical economic assumption that individual makes decisions purely to maximise their own material self-interest has been extensively challenged. A fast-growing number of studies have shown that people also care about other people’s behaviours; their self-expectation influences how they behave; some people are motivated to be helpful to others or do the right thing, whilst others like to see other people worse off than themselves; people are loss averse and bad at computation and are prone to bad habits. Psychological and social factors play an important role in human behaviours and decision-making processes. Behavioural economics increases the explanatory power of economics by incorporating these factors in order to provide more realistic psychological foundations for economic analysis.

Behavioural Economics

The course will give an overview of policy-related issues faced by developing countries from both theoretical and applied perspectives. Topics covered include economic development and economic growth; poverty and inequality; gender discrimination; governance and institutions; media and corruption; natural resources and development; and the effectiveness of foreign aid in helping developing countries.

Business & Legal English

This course will focus on the reading, writing, and listening skills of the English language in a business context. By being able to understand and use the business language, participants have the possibility to further their careers in both their quality of work and build relationships among colleagues and clients.

Delegates will develop the ability to communicate on an international level using precise and correct legal language. Upon completion of the course, participants will improve their confidence in explaining points of law, enhance their drafting and editing skills, and ultimately represent their organisation in a more effective manner.

Historic Political and Economic Philosophy

This course looks at key themes and thinkers in historic, or ancient, western political and economic theory. Essential to understanding western political traditions and practice, ancient thought is both complex and fascinating. The course is designed to familiarise students with the most important thinkers and their ideas. Amongst other things, it will explore the difference between ancient and modern thought, assess arguments for and against democracy, analyse the relationship between economics and the good life, and explain how the development of different types of political units – from city states, via empires, to the modern state – impacted on social and political thinking. Ultimately, these themes point to two fundamental questions, which make ancient thought a fascinating subject to study: What does it mean to be human? And how should humans live together? As the course shows, ancient thinkers have provided thought-provoking and controversial answers to them.

Contemporary Political and Economic Philosophy / Contemporary Ethics and Global Issues

This programme is giving an insight into the modern philosophical thinking beginning with Machiavelli and the enlightenment. Various philosophical schools and their viewpoints will be discussed and the ideas of John Locke, Adam Smith, or Descartes will be analysed. Concepts of justice, equality, need, and human rights will be addressed including aspects of theories which argue that there is a duty of justice to distribute resources; justice towards future generations; national self-determination, multiculturalism, and the various concept of a ‘just war’.

Contemporary Political and Economic Philosophy: Ethics & Logic

Since its beginnings in ancient Greece, the Western philosophical reflection on how we should conduct our lives has been closely intertwined with the inquiry into logos, ‘reason’ or ‘reason-ing’, practical and theoretical, human or divine. While ethics and logic have developed into two distinct disciplines, different philosophical approaches to normative ethics and meta-ethics are often best understood as springing forth from different conceptions of the role that reason and argument (ought to) play in human morality, and from different assessments of the validity of certain key arguments (or alleged ‘fallacies’) in ethics, and of the force and implications of certain ‘dilemmas’ or ‘paradoxes’. Competing ethical theories are typically construed dialectically: they argue for the deficiency of the rival theories, and defend themselves by denouncing the shortcomings in the logic of their attackers.


ferreroDr Andrea Ferrero
Associate Professor, Department of Economics
Tutorial Fellow, Trinity College
University of Oxford (UK)

Dr Ferrero is an Associate Professor in the Department of Economics at the University of Oxford and a Fellow of Trinity College. He holds a BA in Economics from Bocconi University, an MSc in Economics from Universitat Pompeu Fabra, and a PhD in Economics from New York University.

Before joining Oxford, Andrea spent seven years in the Research Department at the Federal Reserve Bank of New York, first as an Economist and then as a Senior Economist. His research interests are in International Macroeconomics and Monetary Economics. He has worked on policy options in a currency union, the determinants and implications of global imbalances, and the macroeconomics impact of the Fed unconventional policies. His current research focuses on the consequences of the demographic transition for monetary and fiscal policy.


wissonMr James Wisson
DPhil Candidate
St Anne’s College
University of Oxford (UK)

James is a doctoral candidate in economics at St Anne’s College, Oxford University. His thesis title is ‘Essays in Behavioural Economics’ and he also received his Masters in Economics at St Anne’s College, obtaining a distinction. James has taught in a number of positions within the university including St John’s College, Lady Margaret Hall, and University College.


cassidyRachel Cassidy
St Antony’s College
University of Oxford (UK)

Rachel Cassidy is affiliated to the Development Economics research group in the University of Oxford (UK), which is part of a large and active community of researchers within Oxford analysing development issues from both a theoretical and an empirical perspective. Many group members are associated with the Centre for the Study of African Economies and work closely with colleagues in the department for International development. In collaboration with CSAE, the research group supports researchers and students in undertaking field research in developing countries, in Africa and elsewhere.


mcgregorThomas McGregor
St. Hugh’s College
University of Oxford (UK)


harrisDr Donna Harris
Somerville College, Department of Economics
University of Oxford (UK)

Donna Harris holds a PhD and an MPhil in Economics from the University of Cambridge and an MSc in Economics History from the London School of Economics. She has recently been awarded the Joint Post-Doctoral Research Fellowship from the Economics and Social Research Council and the Medical Research Council within the UK and is the founder and co-ordinator of Cambridge Experimental and Behavioural Economics Group (CEBEG) within the Faculty of Economics, University of Cambridge.


vellaDr John Vella
Senior Research Fellow
Saïd Business School, University of Oxford (UK)

John Vella is a Senior Research Fellow at the Oxford University Centre for Business Taxation and a member of the Faculty of Law at the University of Oxford.
John first studied law at the University of Malta, obtaining a BA and an LLD. He was admitted to the Maltese bar and practiced briefly. He then obtained an LLM and a PhD from the University of Cambridge. Following the completion of his PhD he joined the Faculty of Law at the University of Oxford as Norton Rose Career Development Fellow in Company Law where he taught Company Law, Corporate Finance Law, EC Law and Roman Law. He has been a Program Affiliate Scholar at New York University and has acted as a co-arbitrator in a tax dispute before the ICC International Court of Arbitration. His main research interests are in Corporate Taxation, Company Law and Corporate Finance Law, particularly avoidance and the impact of tax on corporate behaviour.


anzhelaDr Anzhela Cedelle
Research Fellow, Centre for Business Taxation
Saïd Business School, University of Oxford

Dr Anzhela Cedelle is a Research Fellow at the Oxford University Centre for Business Taxation. She conducts research on various aspects of taxation and EU law with a particular interest in the intersection of these two fields. Anzhela lectures on tax law issues for postgraduate students at the University of Oxford and the Queen Mary University of London, and she teaches EU Law for undergraduate students at Oxford colleges. She is the Managing Editor of the looseleaf encyclopedia D. Vaughan and A. Robertson (eds.), The Law of the EU (Oxford University Press), and one of the convenors of the Oxford EU Law Discussion Group and CBT Tax Research Seminars.

Apply For This Programme

To apply for this programme, simply fill out our online application form. You can also download our PDF application form, fill it out, and email the completed form back to us.

Please send all completed application forms to If you have any questions regarding our application process, please feel free to contact us at anytime.

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