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Component
MSc Political Economy options
Year 1, Component 05
Government or Economics option(s) from list
EC366-7-AU
Market Structure and Strategic Behaviour
(20 CREDITS)
How do firms make decisions? And how do these decisions impact on the prices you pay? What role does game theory play? Understand strategic interaction among firms, using theoretical tools to examine real-world examples. Analyse the main economic forces behind firm behaviour, adapting economic models to study particular challenges.
Wish to conduct your own research using econometric methods? Understand econometric methods and learn to apply them to a wide variety of situations. Examine methods of linear regression and hypothesis testing. Study time series concepts of unit roots and co-integration. Explore ideas around simultaneous equation models and panel data models.
What mathematical concepts are vital to understanding modern economic theory? Gain the essential mathematics skills needed to study economics at Masters-level, such as optimisation theory and the role of equilibrium. Understand how economic arguments work and improve your problem solving skills by using real-world economic problems.
How do you optimise sticky price models? What implication does this have on monetary policy? How do you apply the New Keynesian model to monetary aspects of the business cycle? Study theoretical models and empirical evidence for monetary aspects of the business cycle, and learn how to critically assess work.
What are the distinctive features of less developed economies? How do theories around child labour or inequality explain poverty? What economic policies could alleviate such problems? Understand the issues facing developing countries, examining policies theoretically and empirically. Act as a policy advisor, undertaking research on issues of development economics.
What are the concepts and methods of modern microeconomics? And how can you apply economic reasoning to this? Understand the main principles and theories of modern microeconomics, looking at topics like contract theory, equilibrium concepts in game theory, and market signalling. Learn to apply economic reasoning to these arguments.
What are the main issues facing the modern macroeconomist? How do you critically assess macroeconomic policies? Acquire the necessary tools for macroeconomic analysis, focusing on the important questions faced by macroeconomists today.
What makes societies choose different taxation systems? What drives the selection of politician in society? And how does selection impact on the choice of policies? Study the application of economic methods to understanding the political phenomenon that impact on the choice of different economic policies.
What value is added by your business? And how is this value added? Such questions are asked to business leaders. Understand the core economic reasoning behind commercial and investment banking, looking at financial intermediation and money creation, as well security, mergers and acquisition.
Study the concepts of risk and return in equity markets, both in the context of asset pricing, and in the management of equity portfolios. You will start by focusing on the analysis of the stylised facts of asset returns, and will then review the theoretical foundations of modern finance, covering expected utility theory and risk aversion.
Behavioural Economics I: Individual Decision Making
(20 CREDITS)
How do individuals make decisions? When does classic economic theory not predict empirically observed behaviour? And how do you then use behavioural economics to reconcile your empirical findings with theoretical models? Learn about empirical and theoretical research in behavioural economics that can be used to explain individual decision making.
What happens when classic economic theory doesn’t predict empirically observed behaviour? Can behaviour economics help? Study strategic interactions and markets using behavioural economics to reconcile empirical findings with theoretical models. Gain an understanding of experimental methods used in behavioural economics.
How do firms interact? What impact does this have on products that are available to you? Or the price that you pay? Understand current thinking on industrial organisation, with a focus on competition policy, regulation and business strategy. Apply analytical models of firm behaviour and strategic interaction to real-life situations.
Despite all the talk about the “death of distance”, geography matters more than ever. This course is a journey through the current economic landscape. We will try to understand the economic forces driving trends in wages, productivity and innovation across cities and regions. These are the forces that will define the geography of future jobs and will shape the economic destiny of local communities around the world.
What are the main uncertainties for international financial markets? What causes a currency crisis? How do you deal with global imbalances? Understand the analytical tools used in the field of international macroeconomics and finance. Demonstrate how such tools can be applied by examining key policy issues of interest today.
What are the main game theory concepts in modern economics? And how do you apply such models in the world today? Understand game theory methodology and learn how to formulate models for various socio-economic phenomena, such as industrial organisation, public goods, bargaining, and labour markets.
What compensation should CEOs get? How can you motivate team performance? What impact does an altruistic manager make? Study real-world issues like policymaking, finance and management using economic models from contract theory, incentive theory, and the theory of the firm.
This module equips you with the tools to critically access experimental methods commonly used in economics. You will put theoretical knowledge into practice, learning how to design experiments and interpret results. With a growing interest in behavioural considerations, experiments are increasingly used not only in psychology, but also economics and political science. Recognizing the value of controlled variation to study causal relationships, large companies also increasingly use "A-B testing".
This module equips you with the tools commonly used in economics to critically assess the efficacy of current policies and the effects of policy changes. You will put theoretical knowledge into practice, closely reviewing canonical applications of these tools in the economics literature as well as performing evaluations yourself.
Get to grips with modern microeconometrics. Examine the nature of causal and noncausal models, discuss the nature of microeconomic data structures, and review core econometric methods in the first part of this module. Then, analyse limited dependent variable models, including discrete choice and selection models, and examine program evaluation methods.
How do you analyse stationary time series? Or non-stationary (integrated) processes? Understand the econometric methods available to analyse models of economic time series. Examine how methods of estimation and inference can be applied to these models. Learn how to use these methods in your own research.
What are the main issues with panel data? And the main econometric techniques to analyse panel data? What methods can you use to evaluate spell duration data? Answer such questions with examples from labour economics, while gaining the skills to analyse a variety of research and policy problems.
What are the issues regarding different types of panel datasets? Or problems with survey methodology? Understand longitudinal data analysis by using micro-econometric techniques and critically examine survey methodology issues, like response rate and sampling frames. Apply panel data methods to study labour markets, focusing on marriage, unemployment and wages.
This policy-oriented module probes the role and limits of government interventions in the microeconomic management of developed economies. In so doing, the analysis emphasises: (i) examination of the most common market failures and evaluation of options available for government to address them; and (ii) the factors that determine the choice and design of economic and regulatory policies to address these market failures given governments' political objectives. The module then goes on to explore the emergence of government failures and the reasons why the interactions between economics and politics impose constraints on the design of public policies, thereby enabling you to appreciate the associated policy issues and trade-offs.
Democracy, Violence, and Inequality in Latin America
(15 CREDITS)
What are the challenges to democracy in Latin America and how do they prevent democratic consolidation? Gain an introduction to the politics of Latin America and explore the significant challenges to democratic consolidation throughout the region. This module will enable you to be better prepared to tackle complex and important political, economic, and social questions in this dynamic region of the world.
This module focuses on the role of women in diverse global leadership positions, including how gender roles and norms have affected the integration and advancement of women in business and governmental organizations. Following an introduction to theories and literature of gender and leadership roles, you will address the empirical record of gender issues in the business, government and international security realms. You will conclude with an evaluation of whether and how gendered leadership leads to distinct policy outcomes and political deliberative processes.
In this module, you’ll gain an introduction to the domestic politics of Israel in a comparative perspective, including issues of internal cultural diversity, religion and politics, fragmentation of the political party system, and coalition governance. You’ll explore political institutions, parties, and voting behaviour in Israel, and evaluate the strengths and weaknesses of the state of Israel as a democratic country, understand the Israeli political structure, and discuss the electoral arena.
From Cradle to Grave: Social Justice in Childhood, Adulthood, and Death
(15 CREDITS)
Theories of justice are still being worked on and developed today. You question contemporary theories of justice through applying them to some of the most controversial issues dominating contemporary politics.
International migration is at the forefront of academic and policy discussions. You'll explore the multiple dimensions of human development linked to international migration, and the determinants and dynamics of international migration and its economic and social effects on both sending and receiving countries.
Study one of the most important contemporary aspects of political action: the natural environment. You consider the state of the environment and possible paths along which it might change, before exploring environmental policies from the level of individual values to the environmental movement to political parties, and finally to the level of international affairs.
This module offers you an introduction to the theory and practice of quantitative data analysis techniques. You will also be introduced to the computer package R, which is widely used by academics and practitioners for the analysis of quantitative data. As the work becomes more challenging, the relevance of the techniques to modern social science research becomes more apparent.
In this module you focus on conflict resolution in inter- and intra-state issues. You gain experience in the practical as well as in the theoretical aspects of negotiation and mediation, exploring the applicability of various tools and techniques in problem-solving real cases of international conflict, and making use of negotiation and mediation techniques in role playing exercises and other types of simulations.
The course bridges together topics in international relations, comparative political economy, and economics. The goals of the course are to (a) introduce students to contemporary scholarly research on political economy topics, (b) introduce students to strategic models in political science using substantive applications, and (c) stimulate students to form original ideas for promising quantitative research projects in the area of contemporary political economy.
Evaluate a variety of foundational questions in the philosophy of science about how and to what extent we can obtain certain, value-free knowledge and make laws about the social world. Explore the methodology of normative political theory and the role and importance of ideals and utopias in political thinking.
In this module you gain an overview of the logic of social science research designs that includes the goals, theories and strategies of social science research, and develop a research agenda for potential use as publication in a peer reviewed journal, MA or PhD dissertation.
In this module you gain an overview of the logic of social science research designs that includes the goals, theories and strategies of social science research, and develop a research agenda for potential use as publication in a peer reviewed journal, MA or PhD dissertation.
You replicate an already published paper to better understand the details of the empirical analysis, assess its robustness, and develop the paper in a new direction by changing one element. For example, include a new control variable, introduce an interaction term, or extend the time period or the sample size.
Public Opinion and Political Behaviour: Theories and Issues
(15 CREDITS)
On this module you explore a variety of questions concerning public opinion: How do citizens acquire information and convert it into opinions? Can politicians and the media influence public opinion and if so, how? How do we select representative samples in order to understand what the public really thinks? How do we measure opinion accurately? What type of measurement scales are available to help us do this?
This module introduces principles and applications of the electronic storage, structuring, manipulation, transformation, extraction, and dissemination of data. In the age of "Big Data", the vast amount of data is generated in each day, and if equipped with a right set of skills, computational social scientists can obtain valuable insights only attainable through a data-driven approach. This module is aimed to provide an opportunity for learning such skills through programming in Python.
This module introduces you to key concepts and theoretical approaches to studying and analysing public policy as well as applying these concepts and approaches to real-world public policy areas. This includes the economic, theoretical and normative foundations for public policies, theories of the public policy process and the actors and institutions involved in this process as well as approaches to studying the politics and political dilemmas regarding public policy. You will also be introduced and apply these concepts to real-world policy areas including education, pollution and taxation.
This module introduces the main political arenas and actors that shape public policy in democratic states and beyond. You will analyse and debate political conflicts around policymaking in the core arenas of democratic government including elections, parliaments, governments, the bureaucracy, and the judicial system. You will examine the public policy role of interest groups and civil society and explore policymaking beyond and outside of formal governmental arenas as well as in non-democratic states.
Politics is about people. Everything – angry tweeting, constitutional design, environmental lobbying, states going to war – boils down to the opinions, decisions and behaviour of individuals, and understanding those is the territory of psychology. Political psychology is a growing and thriving subfield, to which this module provides a wide-ranging introduction.
We will apply both the theories and methods of psychology to the behaviour of a range of political actors – voters, leaders, protestors, even terrorists. This is a practical as well as a theoretical module, with heavy emphasis on how we learn about political psychology and with every student designing – and perhaps in their dissertation executing – a research project in the field.
The objective of this module is to provide a better understanding of democratic political and economic processes in Europe. The first part of the module will be devoted to studying the origins of party systems, party competition, electoral systems, the rise of populist and extremist parties, referendums, and linkages between citizens and politicians in West and East European countries. In the second part, we will examine the institutional foundations of welfare-capitalism and analyse the incentives of different actors (labour unions, employers, lobbyists, etc.) to maintain or undermine certain regulatory arrangements. Furthermore, we will study how coordinated and liberal capitalism types responded to challenges such as globalisation and deindustrialization. A large part of the module is devoted to studying the power-sharing arrangements in the European Union. In this context, we will analyse the new trade agreements the EU has struck in light of rising global trade tensions, and what the euro crisis, influx of refugees, and disintegration referendums might mean for the future of the EU. The module also provides an accessible introduction to research design and methods that political scientists have used to address these topics.
The objective of this module is to provide a better understanding of democratic political and economic processes in Europe. The first part of the module will be devoted to studying the origins of party systems, party competition, electoral systems, the rise of populist and extremist parties, referendums, and linkages between citizens and politicians in West and East European countries. In the second part, we will examine the institutional foundations of welfare-capitalism and analyse the incentives of different actors (labour unions, employers, lobbyists, etc.) to maintain or undermine certain regulatory arrangements. Furthermore, we will study how coordinated and liberal capitalism types responded to challenges such as globalisation and deindustrialization. A large part of the module is devoted to studying the power-sharing arrangements in the European Union. In this context, we will analyse the new trade agreements the EU has struck in light of rising global trade tensions, and what the euro crisis, influx of refugees, and disintegration referendums might mean for the future of the EU. The module also provides an accessible introduction to research design and methods that political scientists have used to address these topics.
This module introduces the fundamental concepts and logics of poststructuralist discourse theory, including discussions of post-Marxism, deconstruction, structural linguistics, Foucauldian discourse analysis, and psychoanalytic theory. Students are invited to engage with contemporary debates in critical political theory, focusing on the emergence and character of core political ideologies, such as neoliberalism, populism, nationalism and socialism, as well as the interpretation, explanation and evaluation of key events and developments, such as the different ideological responses to the global financial crisis, the construction of new political identities, the role of social movements, and the ecological crisis.
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