Department of Economics

MSc Political Economy of Development

Key information

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.
Start of programme
September intake only
Attendance mode
Full-time or part-time
Location
Russell Square, College Buildings
Fees

Home student fees: £14,550 per year
Overseas student fees: £24,750 per year

Please note that fees go up each year. 
See postgraduate fees for further details.

Entry requirements

We will consider all applications with a 2:2 (or international equivalent) or higher in Economics.

 

Afghanistan: Qualifications (Bachelor equivalency): Master's degree

Equivalent to 2:ii: 80% or 3.3/4.0 

Argentina: Qualifications (Bachelor equivalency): Titulo / Grado de Licenciado

Equivalent to 2:ii: 7/10

Information for prospective students from Argentina

Australia: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2:2 or Credit or 65%

Information for prospective students from Australia

Austria: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2.5/5.0 and overall Pass (Bestanden)

Bahrain: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 75% or GPA 3.0/4.0

Information for prospective students from Bahrain

Bangladesh: Qualifications (Bachelor equivalency): Bachelor’s from Bangladesh University of Engineering and Technology or Master's degree

Equivalent to 2:ii: 60% or GPA 3.0/4.0

Information for prospective students from Bangladesh

Belgium: Qualifications (Bachelor equivalency): Licentiaat or Licencié

Equivalent to 2:ii: 13/20 or 65%

Information for prospective students from Belgium

Botswana: Qualifications (Bachelor equivalency): Bachelor degree (5-year) or Master's from University of Botswana

Equivalent to 2:ii: GPA 3.5/5.0 or 65% or B- or Good

Brazil: Qualifications (Bachelor equivalency): Título de Bacharel / Título de Licenciado (4-year)

Equivalent to 2:ii: 7/10 or 70%

Information for prospective students from Brazil

Brunei: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: Lower Second Class Honours with 50% overall

Information for prospective students from Brunei

Bulgaria: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 4.3/6

Information for prospective students from Bulgaria

Cameroon: Qualifications (Bachelor equivalency): Diplôme d'Ingénieur/ Diplôme d'Études Supérieures de Commerce (5-year)

Equivalent to 2:ii: 12-13 assez bien (fair); 70-74; or B+

Canada: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 3.0/4.0 or 74-77% or overall B

Information for prospective students from Canada

China Qualifications (Bachelor equivalency): Bachelor degree (4-year)

Equivalent to 2:ii: 
73% or 2.6/4.0 (C9 unis)
75% or 2.8/4.0 (Double First unis)
80% or 3.25/4.0 (all other unis)

Information for prospective students from China

Colombia: Qualifications (Bachelor equivalency): Licenciado / Titulo (4-year) 

Equivalent to 2:ii: 3.5/5.0

Information for prospective students from Colombia

Croatia: Qualifications (Bachelor equivalency): Baccalaureus / Baccalaurea (Bachelor degree)

Equivalent to 2:ii: Overall score 3/5

Cyprus: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 6.5/10

Czech Republic: Qualifications (Bachelor equivalency): Bachelor degree (180 ECTS)

Equivalent to 2:ii: 1.75/4.0 or High C 'dobre’ (good)

Information for prospective students from the Czech Republic

Denmark: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 7/12 or 8/13 or grade C

Information for prospective students from the Denmark

Egypt: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 70% or 3.0/4.0

Information for prospective students from Egypt

Estonia: Qualifications (Bachelor equivalency): Bakalaurusekraad / University Specialist's Diploma / Professional Higher Education Diploma

Equivalent to 2:ii: 4.0/5.0

Finland: Qualifications (Bachelor equivalency): Bachelor / Kandidaatti / Kandidat (180 ECTS credits)

Equivalent to 2:ii: 3/5 or 2/3

France: Qualifications (Bachelor equivalency): Licence or Diplôme from a grande école

Equivalent to 2:ii: 11.5 out 20

Information for prospective students from France

Gambia: Qualifications (Bachelor equivalency): Master's degree (2-year)

Equivalent to 2:ii: GPA 3.0/4.3 or 64% or B

Germany: Qualifications (Bachelor equivalency): Bachelor degree (180 ECTS)

Equivalent to 2:ii: 2.6/5

Information for prospective students from Germany

Ghana: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2:2 (Second Class Lower Division) or GPA 3.25/5.0 or 60%

Information for prospective students from Ghana

Greece: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 6.50/10

Information for prospective students from Greece

Hong Kong: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: Upper second class or GPA 2.7/4.0 or 75% or B Minus

Information for prospective students from Hong Kong

Hungary: Qualifications (Bachelor equivalency): Bachelor (Alapfokozat) or Diploma (Egyetemi Oklevél)

Equivalent to 2:ii: 3.5/5.0

Iceland: Qualifications (Bachelor equivalency): Bachelor degree (Baccalaureus or Bakkalarprof)

Equivalent to 2:ii: 7.0 out of 10

India: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: CGPA: 55-60% or 5.5/10 - 6.0/10

Information for prospective students from India

Iraq: Qualifications (Bachelor equivalency): Bachelor degree (Licence/Karshani)

Equivalent to 2:ii: 0.7

Israel: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 70% or C+

Information for prospective students from Israel

Italy: Qualifications (Bachelor equivalency): Laurea (180 ECTS)

Equivalent to 2:ii: 100/110

Information for prospective students from Italy

Japan: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 70% or C+ or 3.0

Information for prospective students from Japan

Jordan: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 3.0/4.0 or 70%

Information for prospective students from Jordan

Kazakhstan: Qualifications (Bachelor equivalency): Bachelors (Bakalavr Diplomi) or Specialist Diploma

Equivalent to 2:ii: GPA 3.0/4.0 or GPA 4.0/5.0 or B

Information for prospective students from Kazakhstan

Kenya: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2:2 or 60%

Information for prospective students from Kenya

Kuwait: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 3.0/

Information for prospective students from Kuwait

Latvia: Qualifications (Bachelor equivalency): Bakalaura Diploms (Bachelor's) or Profesionālā Bakalaura Diploms

Equivalent to 2:ii: 7/10

Lebanon: Qualifications (Bachelor equivalency): Bachelor degree / Licence

Equivalent to 2:ii: 75% or Grade B-/C+ or GPA 2.8/4.0 or 14/20

Information for prospective students from Lebanon

Liberia: Qualifications (Bachelor equivalency): Master's degree

Equivalent to 2:ii: 75% or 2.8/4.0

Libya: Qualifications (Bachelor equivalency): Bachelor Degree from selected institution

Equivalent to 2:ii: 75% or GPA 3.0/4.0

Lithuania: Qualifications (Bachelor equivalency): Bachelors / Bakalauro (180 ECTS)

Equivalent to 2:ii: 7.5/10

Information for prospective students from Lithuania

Malawi: Qualifications (Bachelor equivalency): Master's degree

Equivalent to 2:ii: 70% or GPA 3.0/4.0

Malaysia: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 3.0/4.0 or B (Class 2 Division 2)

Information for prospective students from Malaysia

Malta: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: Lower Second Class with 65% or Category IIB

Mexico: Qualifications (Bachelor equivalency): Titulo de Licenciado

Equivalent to 2:ii: 8/10 or 80%

Information for prospective students from Mexico

Morocco: Qualifications (Bachelor equivalency): Licence / Licence d'Etudes Fondamentales / Licence Professionnelle

Equivalent to 2:ii: 13/20

Information for prospective students from Morocco

Nepal: Qualifications (Bachelor equivalency): Master's degree / Bachelor degree (4-year)

Equivalent to 2:ii: 70%

Information for prospective students from Nepal

Netherlands: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 6.5/10 or GPA 3.0

Information for prospective students from the Netherlands

New Zealand: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: Majority of credited modules B- or above

Nigeria: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: Lower Second Class or 55% or GPA 3.0/5.0 or 2.5/4.0 or 4.0/7.0

Information for prospective students from Nigeria

Norway: Qualifications (Bachelor equivalency): Bachelors / Bachelorgrad (180 ECTS) or Candidatus /a magisterii

Equivalent to 2:ii: Grade C (with at least 80 ECTS) at grade B or 3.2

Information for prospective students from Norway

Oman: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 3.0/4.0

Information for prospective students from Oman

Pakistan: Qualifications (Bachelor equivalency): Bachelor (4-year) / Master's from HEC recognised institution

Equivalent to 2:ii: CGPA 2.7 or 65%

Information for prospective students from Pakistan

Philippines: Qualifications (Bachelor equivalency): Master’s from recognised institution or Centre of Excellence / Bachelor from prestigious institution or Centre of Excellence

Equivalent to 2:ii:
Prestigous Universities: GPA 3.3/4.0 or 1.75/5.0 or Grade B or 83%
Recognised Universities: GPA 3.5/4.0 or 2.0/5.0 or Grade B or 87%

Poland: Qualifications (Bachelor equivalency): Licencjat or Inżynier (3-year)

Equivalent to 2:ii: 4.25/5

Information for prospective students from Poland

Portugal: Qualifications (Bachelor equivalency): Licenciado (180 ECTS)

Equivalent to 2:ii: 15/20

Qatar: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 3.0/4.0 or 3.5/5.0 or 70% or 7/10

Information for prospective students from Qatar

Romania: Qualifications (Bachelor equivalency): Diplomă de Licenţă / Diplomă de Inginer / Diplomă de Urbanist Diplomat

Equivalent to 2:ii: 8/10

Information for prospective students from Romania

Russia: Qualifications (Bachelor equivalency): Diplom Bakalavra or Specialist Diploma

Equivalent to 2:ii: 3.8/5.0

Information for prospective students from Russia

Rwanda: Qualifications (Bachelor equivalency): Bachelor (4-year)

Equivalent to 2:ii: Lower Second Class Honours or 65-69% or 14/20

Saudi Arabia: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA of 3.0/4.0 or 3.5/5.0 or overall 70%

Information for prospective students from Saudi Arabia

Singapore: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: CAP 3.5/5.0 or 3.0/4.0

Information for prospective students from Singapore

Slovakia: Qualifications (Bachelor equivalency): Bakalár / Bachelor

Equivalent to 2:ii: 70% or 2.0 overall or C

South Africa: Qualifications (Bachelor equivalency): Bachelor (4-year)

Equivalent to 2:ii: 60%

Information for prospective students from South Africa

South Korea: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 2.7/4.0 or 3.0/4.3 or 3.3/4.5

Information for prospective students from South Korea

Spain: Qualifications (Bachelor equivalency): Título de Grado / Título de Licenciado / Título de Ingeniero / Titulo de Arquitecto

Equivalent to 2:ii: 6.5/10 or GPA 1.75/4.0

Information for prospective students from Spain

Sri Lanka: Qualifications (Bachelor equivalency): Bachelor Special Degree or Professional Degree (4-year)

Equivalent to 2:ii: 55% or 2:2 or GPA 3.0/4.0

Information for prospective students from Sri Lanka

Sudan: Qualifications (Bachelor equivalency): Bachelor (5-year)

Equivalent to 2:ii: 65%+ or B

Sweden: Qualifications (Bachelor equivalency): Bachelor degree / Kandidatexamen / Yrkesexamen

Equivalent to 2:ii: B (90 credits) and C (90 credits) or Very Good (70 credits) and Good (110 Credits) or C (180 credits)

Information for prospective students from Sweden

Switzerland: Qualifications (Bachelor equivalency): Diplom / Diplôme / Lizentiat / Staatsdiplom / Diplôme d’Etat

Equivalent to 2:ii: Overall 4.5/6 or 7/10 or 2.5/5

Information for prospective students from Switzerland

Syria: Qualifications (Bachelor equivalency): Licence / al-ijaza-fi / Bachelor

Equivalent to 2:ii: 70%+ or 'Good'

Taiwan: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 68-70% or GPA 2.8/4.0-3.0/4.0

Information for prospective students from Taiwan

Thailand: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 3.0/4.0

Information for prospective students from Thailand

Tunisia: Qualifications (Bachelor equivalency): Diplôme National d'Ingénieur / Diplôme National d'Architecture / Licence / Maîtrise

Equivalent to 2:ii: 12 out of 20

Turkey: Qualifications (Bachelor equivalency): Lisans Diplomasi

Equivalent to 2:ii: GPA 2.6/4 from the top universities and 3.0/4 from all others

Information for prospective students from Turkey

Uganda: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2:2 (Lower Second) or B or GPA 3.0/5.0

Information for prospective students from Uganda

Ukraine: Qualifications (Bachelor equivalency): Bachelor degree or Specialist Diploma

Equivalent to 2:ii: 8/12 or 3.8/5

United Arab Emirates: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 3.0/4.0 or 3.2/5.0

Information for prospective students from the United Arab Emirates

United States of America: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: GPA 3.0/4.0

Information for prospective students from the USA

Vietnam: Qualifications (Bachelor equivalency): Bachelor degree (4-year)

Equivalent to 2:ii: Overall score of 6.5/10

Information for prospective students from Vietnam

Yemen: Qualifications (Bachelor equivalency): Master's degree

Equivalent to 2:ii: Overall 'Good' (71-77%) or Aden University 80-83% (or 3.0/4.0)

Zambia: Qualifications (Bachelor equivalency): Master's degree

Equivalent to 2:ii: 65% or B or Credit or GPA 1.7/2.5 or 3.3/5.0

Zimbabwe: Qualifications (Bachelor equivalency): Bachelor degree

Equivalent to 2:ii: 2:2 or 65%

Information for prospective students from Zimbabwe

We will consider all applications with a 2:2 (or international equivalent) or higher in Economics. In addition to degree classification we take into account other elements of the application such as supporting statement. References are optional, but can help build a stronger application if you fall below the 2:2 requirement or have non-traditional qualifications.

See postgraduate entry requirements for Overseas and EU qualifications and equivalencies.

Course overview

If you want to benefit from pluralist theoretical training in institutional economics and development economics, are interested in understanding how inequalities, corruption and climate change affect economic development, and want to apply policies to real world economic issues in the Global South, the MSc in Political Economy of Development is ideal for you.

The unique MSc Political Economy of Development is a fascinating, pluralist programme that engages students with questions on the various issues affecting development in Global South contexts. The MSc provides theoretical insights into the critical analysis of the interaction between the political and the economic in influencing development.

The programme also supports students in empirical and methodological training. Overall, this exciting MSc is designed for students passionate about politics and economics whose first degree was not, or only partially in, economics as well as for those who have already studied a lot of economics and want to do an MSc that enables them with pluralist and heterodox understanding of the discipline.

Instead of the usual compulsory courses in micro, macro and econometrics (they are still available as options), this MSc has compulsory courses in institutional economics, development economics, research methods and statistical techniques. You can also take additional classes across SOAS, such as language courses, training courses to use data software, and make use of the large network of private, public and non-governmental organisations to acquire practical experience in the field of politics, economics or development.

Why study MSc Political Economy of Development at SOAS?

  • we are ranked 8th in UK for student satisfaction with teaching (Guardian League Tables 2022)
  • 5th in London (Complete University Guide 2022)
  • The MSc provides rigorous training in both mainstream and heterodox economics
  • The programme makes explicit links between economic theories and the real world, using pluralist and political economy perspectives
  • The Master’s provides economic knowledge for specific regions, drawing on the rich regional expertise of SOAS
  • Contemporary topics (like environmental policies and the gendered effects of monetary and fiscal policies) are incorporated in the core modules of the programme; they are not just taught in optional modules
  • Make the most of SOAS’ wide range of language modules, the R coding and quantitative skills module to enhance skills working with data and software, and access the Department’s large network of private, public and non-governmental organisations to acquire practical experience in the field of politics, economics and/or development.

Structure

Important notice

The information on the website reflects the intended programme structure against the given academic session. The modules are indicative options of the content students can expect and are/have been previously taught as part of these programmes. However, this information is published a long time in advance of enrolment and module content and availability is subject to change. 

Teaching and learning

The MSc includes eight taught modules plus a preliminary module in Mathematics and Statistics and an 10,000-word dissertation.

The courses are taught in seminar groups and lectures. The degrees are awarded on the basis of assessed coursework, examinations and the dissertation.

The 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. Four modules are studied each year, with the dissertation normally being completed in the second year.

Contact hours

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.

Lectures

Most modules involve a 2-hour lecture as a key component with linked seminar or tutorial classes.

Seminars

At Masters level there is particular emphasis on seminar work. Students make full-scale presentations and are expected to write papers that often require significant independent work.

Dissertation

Students are required to complete a 10,000-word dissertation in applied economics.

SOAS Library

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.

Pre-entry reading

Preliminary Mathematics and Statistics

Our MSc programmes attract students with a wide range of backgrounds including many who have worked for a few years before coming to SOAS. Our popular quantitative courses are designed to be accessible to all of our students including those with a relatively small quantitative component in their first degree. They focus on applying basic methods used in empirical research and equip students to carry out their own high quality empirical work and critically evaluate research, with relatively little emphasis on advanced econometric theory and mathematical proofs.

The compulsory Preliminary Mathematics and Statistics course will be offered on the SOAS Moodle/BLE online platform. The objective of the course is to review the basic quantitative skills assumed once formal teaching commences. Students will be enrolled on the Module from July 2022 onwards. Students will be required to take the course and complete the exam prior to their arrival at SOAS. Limited support via office hours will be offered by the lecturer during September 2022.

For further details please see Preliminary Mathematics and Statistics module information.

Fees and funding

Fees for 2023/24 entrants, per academic year (Band 2 tuition fee)

Full-time Part-time 2 years Part-time 3 years
Home students Overseas students Home students Overseas students Home students Overseas students
£14,550 £24,750 £7,275 £12,375 £4,850 £8,250

Fees go up each year, therefore your tuition fee in your second and subsequent years of study will be higher.

Our continuing students, on the same degree programme, are protected from annual increases higher than 5%. See postgraduate fees for further details.

Employment

The multi-faceted teaching and learning approach of the MSc in Political Economy of Development prepares you to work in international organisations, government, business and finance, and NGOs. The research training in political economy and economics also serves as an excellent foundation for PhD studies.

Economics graduates leave SOAS with a solid grounding in statistical skills and an ability to think laterally, take a global perspective, and employ critical reasoning.

Recent graduates from the have been hired by:

  • Bain & Co
  • Bank of America
  • Cabinet Office
  • Deloitte
  • Ernst & Young
  • HM Treasury
  • KPMG
  • NHS England
  • Foreign and Commonwealth Office
  • Department for Business, Energy and Industrial Strategy
  • HSBC
  • National Institute of Public Finance and Policy, New Delhi
  • UK Civil Service
  • United Nations High Commissioner for Refugees (UNHCR)
  • University of Bayreuth
  • HM Treasury
  • Department for International Development
  • PwC
  • UNDP
  • King’s Investment Fund
  • Foreign and Commonwealth Office
  • The World Bank
  • EY
  • British Chamber of Commerce
  • Oxfam
  • RBS
  • Department For Communities And Local Government
  • European Commission
  • Federation of the Indian Chambers of Commerce and Industry
  • Institute for Social and Economic Studies (IESE)
  • International Climate Change Economics

Find out about our Careers Service