Follow the links below and to the left to find out more information about the study of Political Economy and the Bachelor of Arts degrees available through Athabasca University.
Skip To Content. The unencumbered free market as envisioned by the likes of Friedrich Hayek and Milton Friedman is elegant in its simplicity, but as a premise for real-world policy research, it relies too much on aspiration and ideology and not enough on empirical observation.
Some political economists, like Karl Polanyi , have gone as far as to raise doubts about the very existence of a free market, suggesting that it is impossible to observe and probably exists only as a theoretical construct. Regardless of whether free markets do really exist, the assumption of free markets may not be an appropriate starting point for problem-oriented policy research, especially as the important policy issues of today are far from operating in free market conditions.
In , for instance, the Canadian court of public opinion was asked to pass judgment on the political decisions surrounding the F aircraft procurement program. This is because the markets for military equipment are so heavily intertwined with, and inseparable from, political affairs. Suppliers are chosen through opaque processes that often have more to do to with secondary political considerations than with strategy, economics or good business practice.
This problem cannot be untangled by economics alone. This condition is hardly limited to matters of military spending; politics and economics are in collision across a spectrum of issues covered by public policy.
Indeed, there are few contemporary policy areas more determined by dirigisme than municipal zoning, building and housing policy. Sadly, the affordability of cities is too often overlooked by policy scholars because it falls between disciplinary boundaries, not neatly fitting into the traditions of political science or economics. It did not only provide new horizons for my personal and professional development but, also a safe and friendly environment to discuss topics of common interest with students and lecturers with diverse backgrounds.
You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information. In addition to currently hosting the Arab-Trans International Research Project, the University of Aberdeen is the home of several research centres and institutes.
The Centre for Global Security and Governance brings together academic experts, policy makers, and students to define, analyse, and propose remedies to the most pressing security and governance challenges the world faces in the 21st century.
ICTPR at the University of Aberdeen brings together a diverse and interdisciplinary group of scholars and students to develop in-depth theoretical understandings of the concepts and practices of transitions in terms of conflict and peace. International Political Economy, MSc. Enquire Now Apply Now. Introduction Do you want to understand the sources of stability and change in the global economic order?
The programme in International Political Economy introduces students to the conceptual and theoretical terrain of IPE with a particular focus on dimensions of globalization that have re-shaped international flows of capital, goods, and labour.
Among the topics covered are neoliberalism, international trade, financialization, gender, poverty and inequality, development, post-development and the rise of economic nationalism. The aim of the programme is to provide students with a rigorous academic grounding in the scholarly debates about key substantive issues and the relation between theory and policymaking, with a view to preparing graduates for further studies in IPE or as practitioners and policy-makers in the private and public sectors.
Interested in this programme? Email study abdn. Entry requirements for applicants from. Please enter your country to view country-specific entry requirements. International Applicants Information about visa and immigration requirements. International Applicants Further Information about tuition fees and the cost of living in Aberdeen.
Additional Fee Information Fees for individual programmes can be viewed in the Programmes section above. In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page. Scholarships Eligible self-funded international Masters students will receive the Aberdeen Global Scholarship. Lea Windischbauer Lea Windischbauer Graduated "During my master's program, I had the opportunity to work with amazing peers and mentors. Fadwa Kamal Graduated The International Political Economy course allowed me to develop an interdisciplinary understanding of the dichotomies that exist within political economics and their intersections with security, religion, and IR.
Information About Staff Changes You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Find out more. Centre For Global Security And Governance The Centre for Global Security and Governance brings together academic experts, policy makers, and students to define, analyse, and propose remedies to the most pressing security and governance challenges the world faces in the 21st century.
Scholars during the period studied how wealth was distributed and administered between people. Some of the earlier works that examined this phenomenon included those by Adam Smith and John Stuart Mill. But the term is probably best ascribed to the French writer and economist, Antoine de Montchrestien. The book also analyzed how economics and politics are interrelated.
Smith was a philosopher, economist, and writer who is commonly referred to as the father of economics and of the political economy. He wrote about the function of a self-regulating free market in his first book, which was called "The Theory of Moral Sentiments.
It was also used as the foundation for future economists. Mill combined economics with philosophy. He believed in utilitarianism —that actions that lead to people's goodwill are right and that those that lead to suffering are wrong. In essence, he believed that economic theory and philosophy were needed, along with social awareness in politics in order to make better decisions for the good of the people.
Some of his work, including "Principles of Political Economy," "Utilitarianism," and A System of Logic" led him to become one of the most important figures in politics and economics. Political economy became an academic discipline of its own in recent years. Research by political economists is conducted in order to determine how public policy influences behavior, productivity, and trade.
Much of their study helps them establish how money and power are distributed between people and different groups. They may do this through the study of specific fields such as law, bureaucratic politics, legislative behavior, the intersection of government and business, and regulation.
The study may be approached in any of three ways:. Modern applications of the political economy study the works of more contemporary philosophers and economists, such as Karl Marx. As mentioned above, Marx became disenchanted with capitalism as a whole. He believed that individuals suffered under regimented social classes, where one or more individuals controlled the greater proportion of wealth.
Under communist theories, this would be eradicated, allowing everyone to live equally while the economy functions based on the ability and needs of each participant. Under communist regimes, resources are controlled and distributed by the government.
Most people confuse socialism and communism. It's true there are some similarities—notably, that both stress bridging the gap between rich and poor, and that society should relegate equilibrium among all citizens. But there are inherent differences between the two.
While resources in a communist society are owned and controlled by the government, individuals in a socialist society hold property.
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