MSc Political Economy of Development

Duration: One calendar year (full-time) Two or Three years (part-time, daytime only). We recommend that part-time students have between two and a half and three days free in the week to pursue their course of study.

Minimum Entry Requirements: Good undergraduate degree in, or including, Economics

Start of programme: September intake only

The MSc in the Political Economy of Development is the latest addition to a portfolio of Masters programmes offered by the Department of Economics and is designed for economists who want to concentrate on applied theory and to expand their regional expertise.

The MSc is a taught masters degree consisting of eight-course modules taught by lectures, classes and tutorials and a 10,000-word dissertation.

There are four core units and four optional modules that make up the course.

The precise modules available vary from year to year but include units on Agriculture, Finance, the Environment, Industry and International Macroeconomics and Microeconomics.

Eight in-depth regional economic development modules are also available, covering:

  • Africa
  • The Asia-Pacific region
  • The Middle East
  • South Asia

All students are required to complete the compulsory preliminary course in Mathematics and Statistics (including Computing) to begin studying on this programme. This course is taught over a three week period from the beginning of September covering mathematics, statistics and computing.


Students registered for this MSc must take all the core courses listed below. The only possible exception is that students who have already an adequate maths and stats background may drop the Statistical Research Techniques module and take instead Econometrics, this requires the written permission of the course convenor for Econometrics. Students who wish to apply for this alternative quantitative structure, which includes the option of taking Advanced Econometrics A and/or Advanced Econometrics B, must contact the convenor of Econometrics prior to the taking of the Preliminary examination. Students on this MSc must always take the Research Methods modules and the other core modules.

Core Modules

  • Growth and Development 15PECC007 (15 credits) Term 2
  • Political Economy of Institutions 15PECC020 (15 credits) Term 2
  • Statistical Research Techniques 15PECC039 (15 credits) Term 2
  • Research Methods 15PECC040 (15 credits) Term 1
  • Dissertation for MSc Political Economy of Development 15PECC988 (60credits) Full Year


- four optional modules from those on offer in the other Department of Economics MSc courses.

  • African economies 1: applied microeconomic analysis 15PECC024 (15 credits) Term 1
  • African economies 2: applied macroeconomic analysis 15PECC025 (15 credits) Term 2
  • Applied economics of the Middle East 1 15PECC028 (15 credits) Term 1
  • Applied economics of the Middle East 2 15PECC029 (15 credits) Term 2
  • Economic development of South Asia a) the macroeconomy 15PECC026 (15 credits) Term 1
  • Economic development of South Asia b) major sectors & the international 15PECC027 (15 credits) Term 2
  • Economic development of the Asia Pacific region 1 15PECC030 (15 credits) Term 1
  • Economic development of the Asia Pacific region 2 15PECC031 (15 credits) Term 2
  • Capital markets, derivatives & corporate finance 15PECC011 (15 credits) Term 1
  • China and World Development 15PECH023 (15 credits) Term 2
  • China's Economic Transformation 15PECH024 (15 credits) Term 1
  • Economics of environment and development 15PECC048 (15 credits) Term 2
  • Economic Development of Japan 15PECH025 (15 credits) Term 2
  • Financial systems and economic development 15PECC036 (15 credits) Term 1
  • Gender Economics (PG) 15PECH026 (15 credits) Term 1
  • Global Economic Policy Analysis 15PECC063 (15 credits) Term 1
  • Global Production and Industrial Policy 15PECH027 (15 credits) Term 1
  • History of Economic Analysis 15PECH006 (15 credits) Term 1
  • International Trade and Investment 15PECC018 (15 credits) Term 1
  • International Finance 15PECC019 (15 credits) Term 2
  • Macroeconomics 15PECC005 (15 credits) Term 1
  • Institutions and Governance 15PECC064 (15 credits) Term 2
  • Marxist political economy and world development 15PECC047 (15 credits) Term 2
  • Microeconomics 15PECC006 (15 credits) Term 1
  • Political Economy of Agriculture and Food 15PECC049 (15 credits) Term 1
  • Theory of financial institutions & policy 15PECC021 (15 credits) Term 2
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Last updated January 24, 2019
This course is Campus based
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1 - 3 years
11,545 GBP
Full-time UK/EU Fees: £11,545; Full-time Overseas Fees: £19,730 per academic year
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