The MSc Global Economic Governance and Policy is the most recent addition to the Department of Economics’ portfolio of masters 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.
Venue: Russell Square: College Buildings
Start of programme: September intake only
Mode of Attendance: Full-time or Part-time
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.
- 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.
- UK/EU fees:
- Overseas fees:
Fees for 2019/20 entrants. This is a Band 3 fee. The fees are per academic year. Please note that fees go up each year. Further details can be found in the Fees and Funding tab on this page or in the Registry Postgraduate Tuition Fees page
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 a 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 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).
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. If you are a current student you can find structure information on the previous year link at the top of the page or through your Department. Please read the important notice regarding changes to programmes and modules.
SOAS Library is one of the world's most important academic libraries for the study of Africa, Asia and the Middle East, attracting scholars from all over the world. The Library houses over 1.2 million volumes, together with significant archival holdings, special collections and a growing network of electronic resources.
Access to other London Universities will be provided, where relevant to specific courses.
Teaching & Learning
Modules are taught in lectures and tutorial groups. Degrees are awarded on the basis of assessed coursework, examinations and the dissertation. Modules are generally assessed on the basis of a final examination (70%) and an essay or project-based coursework (30%). MSc degrees are taught over a period of twelve months of full-time study within a structured programme. In the case of part-time study, the degrees will be taught over two or three years.
All Masters programmes consist of 180 credits, made up of taught modules of 30 or 15 credits, taught over 10 or 20 weeks, and a dissertation of 60 credits. The programme structure shows which modules are compulsory and which optional.
As a rough guide, 1 credit equals approximately 10 hours of work. Most of this will be independent study, including reading and research, preparing coursework, revising for examinations and so on. It will also include class time, which may include lectures, seminars and other classes. Some subjects, such as learning a language, have more class time than others. In the Department of Economics, most postgraduate modules have a two hour lecture and a one hour seminar every week, but this does vary.
More information is on the page for each module.
- Students will learn about core policy debates on global economic governance.
- Students will study the current institutional and organisational architecture of global economic policy-making and governance.
- Students will have an opportunity to gain a deeper understanding of differing economic theories and methods, and of how these relate to economic policy debates and designs in the area of global economic governance.
- Students will study regionally specific economic policy challenges in the context of the evolution of the global economy, and will have an opportunity to gain a deeper understanding of different regional perspectives on global economic governance.
- Students will be trained in the understanding and use of economic policy tools and design, as well as issues of policy implementation and monitoring.
- Students taking the research pathway of the MSc GEGP will acquire sound knowledge of statistical research techniques and economic research methods.
Intellectual (thinking) skills
- Students will learn to develop intellectual initiative and to analyse, evaluate and reflect critically on current research in the area of global economic governance.
- Students will acquire the ability to discriminate between competing economic theories and methods underlying the design of global economic policies, and to critically appraise the policy implications of these differing approaches.
- Students will learn to apply theoretical, empirical and technical knowledge about core features of current global economic governance to practical policy analysis through coursework and the dissertation.
- Students will have an opportunity to translate a complex understanding of issues in global economic governance into reform proposals, and to learn how to present these in an articulate, informed and coherent manner.
Subject-based practical skills
- Students will learn how to gather, organise and employ data, information and evidence for economic policy analysis and design in the area of global economic governance.
- Students will gain the ability to critically assess economic policy tools and to design economic policy proposals in a case study context.
- Students will learn how to identify core problems in economic policy design, implementation and monitoring
- Students will acquire the ability to marshal arguments lucidly, coherently and concisely to present core analyses and policy messages or suggestions in clear language (written and verbal).
- Students taking the research pathway of the MSc GEGP will learn how to apply one or more research methods systematically to a chosen topic or project.
- Students will be able to analyse, evaluate and reflect critically on information received.
- Students will learn how to present ideas coherently and concisely, in writing and orally, extracting key elements from complex information.
- Students will be given the opportunity to engage with independent research on well defined tasks or topics.
- Students will learn how to identify policy problems and design solutions, selecting and applying competing theories and methods appropriately.
- Students will gain an understanding of how to gather, organise and deploy data and evidence to form a balanced judgement and to develop and support critical argument and policy recommendations. S
- Students will have an opportunity to present written and oral materials clearly and effectively and to engage constructively with feedback.
Full details of postgraduate tuition fees can be found on the Registry's Postgraduate Tuition Fees page.
This is a Band 3 tuition fee.
Fees for 2019/20 entrants. The fees below are per academic year. Fees go up each year, therefore, your tuition fee in your second & subsequent years of study will be higher. Our continuing students, on the same degree programme, are protected from annual increases higher than 5%.
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For further details and information on external scholarships visit the Scholarships section
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.
For more information about Graduate Destinations from this department, please visit the Careers Service website.
A Student's Perspective
The Economics MSc offered by SOAS is unique in a number of ways. We house some of the most respected heterodox economists in the world, who respect and engage with every student. At SOAS you are encouraged to not play by the rules, and the level of critique of both theory and empirics at which you are expected to engage makes the programme like no other in the UK. The variety of course options, from hard-core microeconomics to economics of the environment, means that all interests are covered. This, for me, is truly special.