This MA highlights issues of effective demand, social conflict and financial instability as features of modern capitalism. It covers neo-classical, post-Keynesian and Marxist theories, and applies them to contemporary issues of austerity policy, neo-liberalism, financialisation and globalisation. The course aims to provide a precise and professional knowledge of the procedures used to analyse current issues in political economy.
Key features -This course provides 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. -Lectures are supplemented by seminars, giving an opportunity for regular feedback and discussion. -The University's Economics department is actively engaged in research and publication on financial topics, and you will benefit from regular staff seminars and workshops.
What will you study?
You will acquire a rigorous and broad-based understanding of the discipline of political economy, as well as an ability to carry out research in this field. The course provides a comprehensive review of macroeconomics from a theoretical and policy perspective, and of capitalism from its emergence to contemporary globalisation, as well as the parallel developments in political economy.
You will explore present-day competing political economy paradigms, and pursue an advanced analysis of the processes of globalisation and financialisation of contemporary capitalism, using it as a basis for discussion of economic policy. Your dissertation will focus on an applied economic policy topic - you will work individually with a member of staff to choose a topic for your dissertation, research this topic and write up your conclusions.
Assessment will take a variety of forms, including class tests, essays, examinations, graded exercises, practical coursework, presentations, take-home tests, dissertation, literature review and economic reports.
Please note that this is an indicative list of modules and is not intended as a definitive list.
Core modules -Economics Dissertation -Financialisation, Globalisation and Economic Policy -Macroeconomic Theory and Policy -Political Economy: Effective Demand, Exploitation and Crisis
Optional modules -Economic Change and Ideas -Economic Policy Modelling