International Political Economy (IPE) is a field of enquiry concerned with the distribution of power, wealth and agency in a rapidly changing and contested global context. With such a diverse range of interest, IPE encourages a plural and often eclectic approach to study.
Our MA is a truly global programme and attracts students from all over the world. You will benefit from an engaging intellectual environment and are able to choose from a selection of cutting-edge options in trade, finance, development, and global governance. Our department boasts leading figures in the IPE discipline.
Core modules
Theories and Issues in International Political Economy
International Political Economy (IPE) builds on the scholarly legacy of classical political economists, but is oriented to the international political context of globalisation. IPE is concerned with the connections between politics and economics within the contemporary world order. Since the seminal work of scholars such as Susan Strange in the early 1970s, IPE has grown into a large and buoyant field of study. PAIS can boast one of the largest concentrations of IPE scholars anywhere in the world. This module builds on the expertise to be found in the department in order to survey the principal theories developed and the main issues addressed in IPE.
By examining ‘theories’, the module explores the ways that we construct knowledge about international political economy. What assumptions do we make? What concepts do we employ? What explanations do we propose? What normative judgements do we assert? By examining ‘issues’, the module considers some of the prominent substantive items on the policy agenda of international political economy. How, from an IPE perspective, can we deal efficiently, equitably and democratically with questions of governance related to money, finance, trade, production, consumption, development, gender, the environment, and so on?
As the title of the module might be read to imply, theories and issues are interconnected in International Political Economy. Theoretical work and empirical work are not separate exercises. Practical problems stimulate theory construction, and theories inform the ways that we handle substantive issues. Our analysis of practical issues will be richer if it is informed by theories and by the theorising of international political economy scholars.
Optional modules
Optional modules can vary from year to year. Example optional modules may include:
- Contemporary Challenges in Global Economic Governance
- The Global Food System
- Issues and Cases in the Politics of International Trade