The Political Economy MA will give you the opportunity to gain knowledge of the recently emerging discipline of political economy. It offers an approach to economics that highlights issues of effective demand, social conflict and financial instability as features of modern capitalism. The course covers Neoclassical, Post Keynesian and Marxist theories and applies them to contemporary issues of austerity policy, neoliberalism, financialisation and globalisation. It is excellent preparation for a range of employment possibilities in government agencies, think tanks, research institutes or in international agencies such as the International Labor Organization.
In the Political Economy MA you will acquire a rigorous and broad-based understanding of the discipline of political economy and an ability to do research in this field. Core background knowledge is delivered through the modules Macro Theory & Policy and Economic Change & Ideas, the first of which gives a comprehensive review of macroeconomics from theoretical and policy perspective, while the latter gives a detailed review of capitalism from its emergence to contemporary globalisation, as well as the parallel developments in political economy. The two modules focused on political economy are Political Economy: Effective Demand, Exploitation and Unemployment, which offers a rigorous development of present-day competing political economy paradigms, and Financialisation, Globalisation and Economic Policy, and pursues an advanced analysis of the processes of globalisation and financialisation of contemporary capitalism and uses it as a basis for discussion of economic policy. These modules serve as excellent preparation to pursue high-level research into an applied economic policy topic in the dissertation. You will work individually with a member of staff to choose a topic for your dissertation, research this topic and write up your conclusions.
On successful completion of the programme you will have acquired a precise and professional knowledge of the procedures used to analyse current issues in political economy.
One or more of the following will normally be regarded as appropriate admission requirements:
All certificated and non-certificated learning will require verification. In the case of certificated learning, this will require the presentation of relevant certificates and/or confirmation from the award giving body. In the case of non-certificated learning, verification will be established in the course of the interview to which all applicants will be invited, or, where appropriate, through the submission of supporting documentation and evidence. Where the evidence of the fulfilment of the appropriate admission requirements is inconclusive, the applicant may be asked to complete a written exercise.
All non-UK applicants must meet our English language requirements. For this course it is Academic IELTS of 6.5 overall, with special conditions1 in all elements. Please make sure you read our full guidance about English language requirements1, which includes details of other qualifications we’ll consider.
Applicants who do not meet the English language requirements may be eligible to join our pre-sessional English language course2.
Applicants from one of the recognised majority English speaking countries (MESCs)3 do not need to meet these requirements.
Home and European Union 2014/15 MA full time £5,200, MA part time £2,600. ELQ (Equivalent Lower Qualification) fee 2014/15 MA full time £5,540, MA part time £2,770. Overseas (not EU) 2014/15: MA full time £12,100, MA part time £6,050
Please note that this is an indicative list of modules and is not intended as a definitive list.
All modules are core.
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