The Department of Economics offers a broad and critical approach to the study of economics, covering a wide range of schools of thought, including Keynesian and post-Keynesian economics; the classical political economy of Smith, Ricardo, and Marx; structuralist and institutionalist approaches to economics; and neoclassical economics. The courses of study emphasize the historical roots of economic ideas, their application to contemporary economic policy debates, and conflicting explanations and interpretations of economic phenomena, within the context of a rigorous training in the conceptual, mathematical, and statistical modeling techniques that are the common methodological basis of contemporary economic research. The department's work centers on the changing shape of the world economy, its financial markets and institutions, problems of regulating and guiding economic development in the advanced industrial world and in emerging markets, complexity in economic systems, labor markets, and the economic aspects of class, gender, and ethnic divisions.
The aim of the Department of Economics is to put what Robert Heilbroner called "the worldly philosophy"—informed, critical, and passionate investigation of the economic foundations of contemporary society—at the heart of the educational and research enterprise. This engagement with the central unresolved dilemmas of modern society motivates the detailed analysis of concrete problems of economic policy and the explanations of economic phenomena that are the substance of the department's degree programs.
[[MA in Global Political Economy and Finance]] The MA in global political economy and finance provides students with a sophisticated understanding of the world economy in historical context, the political economic analysis of the dynamics of contemporary world capitalist society, and state-of-the-art tools of political economic and financial analysis.
The program offers the training required to pursue advanced degrees in economics, finance, business, law, international relations, public policy, and related fields, and provides students with the analytical and policy skills required for careers in the fields of finance, government, business, labor organization, and international development. In addition to offering a rigorous course of study in economic and statistical analysis, this program provides a thorough grounding in historical and contemporary political economy and finance, culminating in an internship or mentored research project. A flexible elective option allows for concentrations in classical political economy, international and development economics, financial economics, environmental economics, or the economics of labor markets and race, class, and gender.
The master of arts program in global political economy and finance consists of seven required courses and three electives as described below. There is no written comprehensive examination; the MA degree is awarded for successful completion of the required 30 credits.
Three core courses (9 credits) - GECO 6190 Graduate Microeconomics - GECO 6191 Graduate Macroeconomics - GECO 6181* Introduction to Econometrics *GECO 6189 Mathematics for Economics (or approval of the instructor) is a prerequisite for GECO 6181.
Two political economy courses (6 credits) - GECO 5104 Historical Foundations of Political Economy I - GECO 5108 World Political Economy
One of three finance courses (3 credits) - GECO 6140 Financial Markets and Valuation - GECO 6141 Principles of Financial Engineering - GECO 6269 Financial Economics
Either an internship or mentored research (3 credits) - GECO 6198 Internship (arranged with MA faculty advisor) or - GECO 6993 Mentored Research
Three elective courses (9 credits) Electives can be any courses offered by the Department of Economics or courses offered by other departments that approved by the Economics faculty advisor.
A bachelor’s degree from an accredited American college or university, or the equivalent degree from a foreign college or university.
Recipient: The New School
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