Mode of Attendance: Full-time or part-time
The MSc Global Economic Governance and Policy is the most recent addition to the Department of Economics’ portfolio of the master's programme. The programme builds on the department’s unique combination of expertise – in policy analysis, regional economics and critical theoretical perspectives – to provide students with an in-depth understanding of core policy debates in the area of global economic governance. Specifically, the programme focuses on:
- Global economic governance: It offers in-depth specialisation in this area of wider global governance.
- Economic policy: It provides high-level training in the understanding and critical evaluation of economic policy issues, design and solutions, their foundation in the evolution of economic theory and methods, as well as critical discussion of the application of policy design to real-world problems, such as issues of implementation and monitoring.
- Regional specificities within the global economy: It provides a differentiated analysis of problems of global economic governance from a range of regional perspectives, in advanced as well as developing country regions.
The programme is taught through two dedicated core courses (Global Economic Governance I: Global Economic Policy Debates and Analysis and Global Economic Governance II: Institutional and Governance Debates on Economic Development and Growth). In addition, students can choose from a wide range of optional courses and will write a 10,000-word dissertation.
Who is this programme for?
- Professionals with a strong interest and need in gaining a thorough academic foundation in, and understanding of, current developments in the area of global economic governance.
- Graduate students from other disciplinary backgrounds wishing to further their understanding of global economic policy issues and debates through systematic academic study.
- Economics graduate students wishing to specialize in global economic policy and governance.
Prior knowledge of economics is not a requirement.
The MSc Global Economic Governance and Policy is a new programme which started in 2016/17.
Students enrolling in this programme will return to or pursue careers in a wide range of positions in public, private and non-governmental project management and policy advice, for which a thorough understanding of on-going issues in global economic governance is essential.
This includes, for example, government officials from developing and advanced countries whose remit requires a wider understanding of global economic governance issues; employees of international organisations whose remits are not primarily concerned with economic policy-making, but increasingly require a thorough understanding of global economic governance issue to co-ordinate their approaches with those of other national and international organizations; private sector managers and consultants requiring a systematic understanding of current economic crises and imbalances in the world economy as well as regulatory approaches to this; employees of NGOs working in areas affected by current global economic crises and imbalances and policy responses to these; graduate students wishing to build a career in any of the above, and economics graduates with a special interest in global economic policy debates and design.
The MSc in Global Economic Governance and Policy is a new Masters programme designed for professionals and postgraduate students, with or without a prior background in economics, who wish to gain a focused and in-depth understanding of contemporary economic governance and policy debates from an Economics perspective.
The MSc is taught through four dedicated core modules. The first, Global Production and Industrial Policy (15PECH027), introduces students to the analysis of the global production (and trade) system, its evolution, structure and interdependencies, as well as the ways in which industrial policies have an impact on these systems. International economics, theories of the growth of the firm and industrial organisation, technological change and innovation, are selectively introduced to disentangle value creation, capture and distribution dynamics both within and across countries. The economics of industrial policy (its designing principles, governance mechanisms and evaluation techniques) are analysed in a comparative framework by reviewing the global (and historical) variety of industrial policy approaches, models and packages. Particular emphasis is assigned to the study of technology and financial infrastructures.
The second module, Global Economic Policy Analysis (15PECC063) introduces students to core policy debates on global economic governance and different theoretical perspectives on economic policy design. Students will achieve a thorough understanding of different theoretical perspectives on economic policy tools and processes, the history of international policy regimes and of core areas of current global economic policy debates.
The third module, Political Economy of Institutions (15PECC020), introduces students to the economics of institutions and the role of political economy in understanding institutional performance in developing countries. This covers the growing interest and literature on institutions and institutional economics,, the institutions of capitalism and the transition to capitalism, the role of property rights, firms and property right stability during this transition. The course will deal with both the “new institutional economics” approaches to these questions and alternative approaches based on comparative historical analysis and the implications for institutional policy in transition and developing countries.
Finally, the fourth module, Institutions and Governance (15PECC064), is designed to make students aware of the policy implications of current institutional economics and governance debates on issues affecting catching-up economic development and global growth based on a thorough understanding of the theoretical underpinnings of competing policy positions. Topic covered will include the role of the state, rents in economic development, different strategies of catching up, the role of democracy and of authoritarianism in economic transitions, problems of corruption and anti-corruption strategies. Core learning outcomes include a thorough understanding of competing for policy positions on these aspects of global economic governance and the underlying theoretical underpinnings of these positions.
In addition, students will choose up to four optional modules (depending on the weight of the options, see the list below), from across a range of SOAS departments plus a 10,000-word dissertation.
Students can, but do not have to, choose a course structure that, in addition to the programme’s focus on policy analysis and training, provides research methods training, for instance, if they are interested in doing a PhD. If students are interested in this “research track”, among their four optional modules they have to choose the following two: Statistical Research Techniques (15PECC039); Research Methods (15PECC040).
- Dissertation in Global Economic Governance and Policy
- Global Production and Industrial Policy
- Global Economic Policy Analysis
- Institutions and Governance
- Political Economy of Institutions
Students will take modules to the value of 60 credits from the Postgraduate Open Option Lists.
Please note that only open option modules from Economics, Development Studies, Politics, School of Law and CISD, are available on this programme.
The information on the programme page reflects the intended programme structure against the given academic session.
Admissions and Applications
You can apply for this course via the online application form.
We aim to assess a complete application and provide a decision within a 5-week time frame. Overseas students who require a Tier 4 visa and wish to join SOAS should bear in mind visa applications can take several weeks, so you should apply as soon as possible.
Consideration of Application
The whole application, including transcript and references, is considered before a decision is reached. You are therefore advised to submit a complete application including references and transcript (where required). An incomplete application will add considerable delays to the decision-making process.
Students will receive an acknowledgement of their application. Each application is carefully considered and although we try and respond as quickly as possible, we do ask that students should expect to receive a response within five weeks of receipt.
Candidates who are available in the United Kingdom may be called for an interview. The absence of academic members of staff (or instance on study leave) may affect the timing of decisions.
Minimum Entry Requirements: Upper Second Honours degree in a relevant subject or discipline (UK), CGPA 3.3 for universities with a selective entry policy and CGPA 3.5 for universities with a non-selective entry policy, equivalent undergraduate degree classification from other countries. Relevant professional experience will be taken into consideration.
English Language Entry Requirements
You must be able to show that your English is of a high enough standard to successfully engage with and complete your course at SOAS. Please note that we take our English language requirements seriously and failure to meet them exactly may well result in your application to SOAS being rejected. It is not possible to negotiate if your scores are below our required levels, with the expectation that because they are 'close enough' they will be accepted. It is important that you plan appropriately, well in advance, so that your English language test comes in good time and so that you have time to retake the test if necessary. We do not accept reasons of inconvenience or financial hardship for not submitting or retaking an English test.
For EU and International students who need a visa, if unconditional entry scores are achieved we accept qualifications from several countries, as well as a range of international qualifications and tests.
If a Tier 4 entry visa is required then a SELT, such as UKVI IELTS may be needed. For this reason, we recommend all Tier 4 visa students to choose the UKVI IELTS Academic test as the test of first resort.