Masters degrees in Political Economics explore the effect of political decisions on economic processes and the role of trade, production and commerce in driving or determining political circumstances. This branch of study is also known as ‘Political Economy’ and is one of the oldest specialisms within Economics.
Courses may award an MSc or an MA, depending on their specific focus. Research Masters and shorter PGCert or PGDip qualifications are also offered by many universities.
Why study a Masters in Political Economics?
Political Economics (or Political Economy) is a diverse field, with a proud history.
Your Masters will explore some of the most fundamental questions in Economics: including the extent to which governments can (or should) intervene in local or global markets; the role of financial or commercial priorities in determining national goals; and the factors underpinning international relationships and development.
Political Economics can also offer a route into Economics for undergraduates from other disciplines. Some MA courses focus take an approach derived from the humanities, with a focus on the political, social and cultural impact of Economic processes or decisions. Other MSc courses incorporate more ‘scientific’ aspects of Economic modelling and Econometrics.
Careers with a Masters in Political Economy are appropriately diverse, with the opportunity to work with businesses, governments or research organisations.