Programme specification 2016/2017 SOAS, University of London The following information forms the programme specification at SOAS, University of London. It gives definitive information relating to a programme of study and is written for a public audience, particularly prospective and current students. It is also used for other purposes such as initial programme approval, and is therefore produced at the start of the programme development process. Once approved, it forms the base-line information for all statements relating to the programme and is updated as approved amendments are made. CORE INFORMATION Programme title Final award Intermediate awards Mode of attendance UCAS code Professional body accreditation Date specification created/updated Political Economy of Development MSc N/a Full or part-time (over two or three years) N/A N/A August 2016 WHY CHOOSE THIS PROGRAMME? Why study at SOAS? SOAS is unique as the only higher education institution in the UK specialising in the study of Asia, Africa and the Middle East. The School also has the largest concentration of specialist faculty concerned with the study of these areas at any university in the world. SOAS is consistently ranked among the top higher education institutions in the UK and the world and it also offers a friendly, vibrant environment for students in a diverse and close-knit community. What is special about this programme? This is a unique MSc that caters to students who want to concentrate on a broader mix of topics than is typically available in a Masters Economics degree, such as institutional economics, political economy, topics in economic theory and regional economic development in Asia and Africa. It will appeal both to students who have done a lot of economics and want to specialize in particular areas and to students who have previously done a half-degree in Economics and want to study development in an Economics department. 1 Who would it suit? Graduates of Masters programmes in the Department of Economics at SOAS have followed successful careers in international banking and finance, in national governments in many parts of the world, in international development agencies and in a range of nongovernmental organisations. Many students also go on to do research in development at the PhD level. SOAS MSc graduates have been very successful in gaining highly competitive Overseas Development Institute (ODI) fellowships which have allowed them to work in government agencies in countries ranging from Mozambique to Papua New Guinea. Students take eight modules in Growth and Development, the Political Economy of Institutions, Research Methods (two modules) and four other electives, as well as an 8,000 word dissertation on an approved topic relating to economic development. Assessment is largely by 70% exam (two hours in May/June), and 30% coursework (one essay per course). Programme structure Assessment summary ENTRY REQUIREMENTS SOAS has general minimum entrance requirements for registration for a postgraduate taught degree and these can be viewed at http://www.soas.ac.uk/admissions/pg/howtoapply/ Minimum upper second class hours degree (or equivalent) in Economics. Applicants without a first degree in Economics may be admitted to the Diploma in Economics in the first instance. Satisfactory completion of the Diploma, at a level acceptable to the School, may allow students to take the MSc in the following year. All students must complete the Basic Mathematics and Statistics course which is taught over three weeks in August/September. PROGRAMME AIMS What will this programme give the student an opportunity to achieve? 1. Application of advanced economic principles to the design of economic policy and analysis of issues relating to economic development 2. To teach postgraduates the technical and analytical skills to qualify them to practice as professional development practitioners 3. To enable practising professional economists to improve and update their skills and knowledge of development economics 2 PROGRAMME LEARNING OUTCOMES What will the student learn? Knowledge 1. A deeper and more critical knowledge of growth and development, the political economy of institutions and research methods appropriate for research on the political economy of development 2. An awareness of data problems specific to particular developing regions 3. An ability to analyse data from one or more developing regions using the appropriate statistical and econometric methods 4. Identification of the scholarly literature on economic development and the political economy of different developing countries and regions 5. Understand heterodox ideas about economic growth and development and evaluate explanations from competing methodologies for specific economic events Intellectual (thinking) skills 1. Development of qualitative and quantitative research methods skills appropriate for applied research in economic development and knowledge of limitations 2. Engagement with a range of contemporary economic theories and interpretations 3. The ability to contribute to current policy debates concerning the political economy of growth and development and institutional strategies in developing countries 4. The ability to formulate research questions and carry out independent research Subject-based practical skills 1. Ability to retrieve, sift and select information for a variety of electronic, published and ‘gray’ sources. Students with the necessary language skills are encouraged to explore non-English language sources where appropriate 2. An ability to engage in debate and discussion in seminars, including presenting seminar papers and listening to and discussing ideas introduced during seminars 3. Research techniques including searching for data and material in a wide variety of libraries and electronic databases 4. The ability to conduct independent research on a topic in economic development Transferable skills 1. Structure and communicate ideas effectively both orally and in writing 2. Use a wide range of written and digital materials, available in a large number of libraries and research institutes of a kind they will not have used as undergraduates 3. Present material orally 4. Ability to engage in meetings by presenting, discussing, and constructively critiquing ideas introduced during meetings 5. Knowledge of how to retrieve, sift, select, analyse and synthesise information from a variety of sources. 3 PROGRAMME STRUCTURE AND REQUIREMENTS FOR GAINING AN AWARD How will the student’s study be structured? How will they achieve an award? Structure, duration and requirements for gaining an award SOAS has standard requirements relating to the structure and duration of taught postgraduate programmes and for the award and classification of these programmes. Details can be found at http://www.soas.ac.uk/registry/degreeregulations/file60379.pdf Programme structure diagram Below is a structure diagram for this programme. Level Year Course Course title Credit (CATS of code points) study 7 1 15PECC007 Growth and 18 Development 7 1 15PECC020 Political 18 Economy of Institutions 7 1 15PECC039 Statistical 18 Research Techniques 7 1 15PECC040 Research 18 Methods AND Four courses 18 from list below AND 7 1 15PECC998 Dissertation for 36 MSc Economics Programme Status Notes Compulsory Compulsory Compulsory Compulsory Core On an approved topic on development economics The availability of optional/elective courses may vary in a given academic session due to factors such as staff absence and student numbers. For an up to date list of courses running in a given academic session please refer to the degree structures as listed on the SOAS website for the degree programmes taught by each Department. List of options (all level 7, all year 1, all 18 credits) 15PECC005 Microeconomics 15PECC006 Macroeconomics 15PECC008 Quantitative Methods 1 15PECC045 Quantitative Methods 2 15PECC011 Capital Markets, Derivatives and Corporate Finance 15PECH006 History of Economic Analysis 15PECC018 International Trade and Investment 15PECC019 International Finance 15PECC021 Theory of Financial Institutions and Policy 15PECC036 Financial Systems and Economic Development 4 15PECC048 Economics of Environment and Development 15PECC049 Political Economy of Agriculture & Food 15PECC047 Marxist Political Economy & World Development Plus regional modules: South Asia a, South Asia b, Middle East 1, Middle East 2, Asia Pacific 1, Asia Pacific 2, Africa 1, Africa 2 Note: Not all modules may run every year and some modules may require as a precondition other modules being taken TEACHING, LEARNING AND ASSESSMENT What methods will be used to achieve the learning outcomes? Knowledge Learning outcomes as above acquired in the following ways: 1-3 Through four compulsory modules on growth and development, the political economy of institutions and research methods. Students are required to attend all classes, hand in assessed work, pass examinations and do an assessed data-based project 4 Through four further modules chosen from theoretical and applied economics, institutional economics, political economy and specialized regional courses 5 Through a wide range of critical lectures/seminars and access to heterodox as well as orthodox recommended reading in every module Assessment of the above is through unseen examinations, long essays, course work and a dissertation Intellectual (thinking) skills Learning outcomes as above acquired in the following ways: 1 Through two compulsory modules in research methods 2-3 Through all the courses offered in the programme. All courses will introduce theory and data that needs to be assessed critically and will demonstrate how conflicting interpretations can arise from the same information. 4 Through carrying out independent research under supervision for the 8,000 word assessed dissertation Assessment of the above is through unseen examinations, long essays, course work and a dissertation Subject-based practical skills Learning outcomes as above acquired in the following ways: 1 Through practical exercises and projects in Research Methods modules 2 Through regular seminar presentations and discussions 3-4 Through the carrying out of assessed independent research Assessment of the above is through unseen examinations, long essays, course work and a dissertation Transferable skills Learning outcomes as above acquired in the following ways: 1 Through seminar presentations, discussions and essays 2 Through essays and in the assessed dissertation 3-4 Through classroom participation in tutorials and seminars 5 Through research for assessed essays and dissertations Assessment of the above is through unseen examinations, long essays, course work and a dissertation 5 REFERENCE POINTS What has been the basis for the design of this programme? 1. School learning and teaching strategy 2. Staff research and lessons of consultancies and other practical development work done by core course teaching staff for government and international organizations in relevant fields. 3. QAA framework for higher education qualifications 4. Student feedback. 5. SOAS centennial mission statement QUALITY ASSURANCE AND ENHANCEMENT SOAS has internal procedures to assure the quality of provision to be offered to students and to enhance the quality in the light of experience following delivery, taking into account the input of external experts and students. The procedures are set out in the School’s Quality Assurance Handbook and can be viewed at http://www.soas.ac.uk/add/qualityassurance/quality-assurance-handbook/. SOAS is also subject to periodic external review from bodies such as the Quality Assurance Agency for Higher Education and relevant professional and statutory regulatory bodies. The procedures described in the Quality Assurance Handbook are in place to provide a high quality student experience for those choosing to study at SOAS, and student input and evaluation of their experiences is greatly valued. Students make an input to the ongoing development of their programmes, and the environment in which they operate, in a number of ways, including: formal student evaluation as part of the annual programme review; student representation on School committees at various levels (through the Students’ Union) where many relevant issues are discussed; student representation at regular department meetings FURTHER INFORMATION SOAS Vision and Strategy Statement; Postgraduate Handbooks; Departmental website Programme webpages Quality Assurance Handbook; UCAS website; QAA website; 6
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