Postgraduate Course

MA Political Economy

MA Political Economy

Overview

The details
Political Economy
October 2019
Full-time
1 year
Colchester Campus
Government

Over the last three decades, political economy has been one of the fastest growing approaches in the social sciences. At Essex, we are primarily interested in the scientific study of political institutions and how they might determine economic variables.

If you are interested in how institutions shape the behaviour of political actors and how political decisions influence markets and vice versa, then you will profit from our course.

You will have a great deal of choice for your optional modules as they will be selected from both our Department of Government and Department of Economics. Our MA Political Economy covers all aspects of modern political economy, including:

  • Market failure
  • Environmental policies
  • The quality of governance
  • Monetary policy choices

Our Department of Government is one of the most prestigious in Europe, with an outstanding record of teaching, research and publication. We are rated top in the UK for research (REF 2014), and have consistently been the highest-rated politics department in the country since national assessments began.

Our Department of Economics is also consistently rated highly for student satisfaction, and is Top 5 in the UK for research with over 90% rated as ‘world-leading’ or ‘internationally excellent’ (REF 2014).

With this course you also have the opportunity to study abroad at one of our partner institutions and achieve a dual award, which means you’ll receive two Masters degrees in two years. Find out more on our dual award webpage.

Why we're great.
  • We have been ranked first in the UK for political science research since national league tables began.
  • You have unrivalled one-to-one access to the best minds in politics and international relations.
  • We are the only political science department to receive the prestigious Regius Professorship.
THE Awards 2018 - Winner University of the Year

Our expert staff

Study and work alongside some of the most prominent economists and political scientists of our time.

Our researchers are at the forefront of their field and have even received MBEs; they are advising the CIA on counter-terrorism, training politicians and civil servants in democratising countries, and commentating on political events in national and international media.

Many of our economic researchers also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Our key academic staff for this course are Dr Alejandro Quiroz Flores, who works on why authoritarian leaders welcome natural disasters, Simone Dietrich, who works on who gives, receives, and benefits from aid and Nicole Baerg who works on why the design of central bank committees matters for inflation.

Specialist facilities

  • Laboratories of networked computers featuring extensive software for political and quantitative analysis
  • ESSEXLab provides opportunities for experimental lab research
  • Student societies for politics, economics, debating, and Model UN
  • We organise the Essex Summer School in Social Science Data Analysis
  • A programme of seminars and events run by the department

Your future

All Essex politics graduates have the distinction of a qualification from one of the world’s leading politics departments.

This course is a good choice if you wish to maintain the flexibility of pursuing a career at an international organisation, a government organisation, a private enterprise or as a political consultant. You will develop key employability skills including analytical reasoning, research, problem solving, and essay-writing.

Recent graduates have gone on to work for the following high-profile organisations:

  • The Civil Service
  • Local government
  • The World Bank
  • The United Nations
  • NATO
  • YouGov and YouGov America

We also offer supervision for PhD and MPhil in the following fields: government; ideology and discourse analysis; international relations; political behaviour; and politics.

Our academic reputation is illustrated by the fact that many of our graduates now teach or research at universities, colleges of higher education and schools. For example, recent graduates are now research fellows and academic staff at: Mannheim, Germany; ETH Zurich, Switzerland; Duke University, USA; NATO/SHAPE, Belgium; and University of Amsterdam, Netherlands.

We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

One Masters not enough for you?

We offer a number of postgraduate taught double degrees with our international partners. You work for two Masters degrees, one at Essex and another at a prestigious university across the globe, gaining them both in a shorter time than studying them separately. This unique opportunity gives you a competitive edge when applying for jobs or prepares you for PhD study.

Entry requirements

UK entry requirements

You will need a degree with an overall high 2.2 in Political Science, International Relations, American Studies, United States Politics, Business - ( finance related), Economics or Statistics.

Applications from students with a 2:2 or equivalent will be considered dependent on any relevant professional or voluntary experience, previous modules studied and/or personal statement.

We will accept applicants with a degree in an unrelated field but you must have studied at least two relevant modules with marks of at least 58% in the final two years of study. Relevant modules include, but are not limited to:

Comparative Political Systems, Constitutional Democracy, Contemporary World Affairs, Democratic Theory, Econometrics, European Integration, Foreign Policy, Game Theory, Governmental processes, Human Rights, Ideology & Political Analysis, International Economic Law, International Economic Relations, International Trade/Business Law, International Law, International Public Relations, International Security, Law of Armed Conflict, Micro/Macro Economics, Peace Studies, Political Conflict, Political Decision Making, Political Economy, Political Sociology, Public Administration, Public International Law, Public Policy Analysis, Quantitative reasoning, Strategic Studies, Theories of Development, Current Affairs, Political Economy, Terrorism, Security Studies.

We will also consider applicants with a non relevant degree but at least six months relevant work experience such as working with a NGO.

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

IELTS 6.5 overall with a minimum component score of 5.5

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Example structure

Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

MA Dissertation

Your dissertation gives you an opportunity for independent learning on a topic of your choice, with one-to-one supervision from a member of staff. You write a dissertation of up to 10,000 words, which is due at the end of the summer.

View MA Dissertation on our Module Directory

Political Economy

The rational choice approach uses methods derived from microeconomics to study a wide range of political phenomena, and is now of considerable significance. This constructs explanations on the assumption that individuals are rational and often self-interested. You learn to apply these methods to a range of phenomena in the fields of politics and political economy.

View Political Economy on our Module Directory

Advanced Research Methods

Master the quantitative methods which are essential to test hypotheses. You study hypotheses testing, hypotheses testing using Least Squares, and some classic violations of the Gauss-Markov conditions, before continuing to learn some more advanced models ubiquitous in political science.

View Advanced Research Methods on our Module Directory

Theory and Explanation in Political Science

Studying philosophy of science is not necessarily about becoming a philosopher; it can also help us to do political science better. You cover the main theoretical approaches to the study of politics, including both models of political actions that inform and are derived from the empirical study of politics, and normative theories of politics. This enables you to ask questions from the philosophy of sciences concerning how we can study social and political phenomena.

View Theory and Explanation in Political Science on our Module Directory

Economics of Financial Markets

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.

View Economics of Financial Markets on our Module Directory

The Economic Geography of Employment, Innovation and Trade

What are the economics of international trade? And why is this important? Understand the principles that determine international trade and study a range of trade models. Learn how to carry out advanced research or work as a policy advisor on issues related to international trade.

View The Economic Geography of Employment, Innovation and Trade on our Module Directory

Teaching

  • Courses are designed to provide you with an advanced understanding of either the politics of a geographical area or an aspect of the discipline
  • Courses include both compulsory and optional modules, so the course can be tailored to fit your interests and aspirations
  • Learn through discussion and problem-solving
  • Lab sessions allow you to improve your technical research skills
  • We encourage students to attend national conferences to meet researchers and discuss their work

Assessment

  • Your coursework comes in the form of essays, simulations, presentations and in-class tests

Dissertation

  • You are given guidance on how to prepare a Masters dissertation by our Graduate Director in the spring term
  • We link you with an appropriate supervisor at the earliest opportunity

Fees and funding

Home/EU fee

£7,940

International fee

£17,040

Fees will increase for each academic year of study.

What's next

Open Days

We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

2019 Open Days (Colchester Campus)

  • Saturday, September 21, 2019
  • Saturday, October 26, 2019

Applying

You can apply for our postgraduate courses online. You’ll need to provide us with your academic qualifications, as well as supporting documents such as transcripts, English language qualifications and certificates. You can find a list of necessary documents online, but please note we won’t be able to process your application until we have everything we need.

There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October. We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

Colchester Campus

Visit Colchester Campus

Home to over 13,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

The University makes every effort to ensure that this information on its course finder is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep prospective students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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