Politics and Economics BA

This module adopts a broad focus on factors influencing growth and development, concentrating on core economic policy areas and the role of international organisations.

Topics covered include macroeconomic policies, in particular exchange rates and the role of the IMF; aid policy and the World Bank, effects of aid on growth, macroeconomic and fiscal policy, and poverty; trade policy and performance and the WTO; economic reforms and growth experiences in East Asia, China and Africa; human development and the UN Sustainable Development Goals.

This module generalises and builds upon the material covered in the year two modules, Econometric Theory I and II. In the first part of the module, we study large sample, or asymptotic, theory. This is needed in order to obtain tractable results about the behaviour of estimators and tests when the standard modelling assumptions - which frequently cannot be verified in practice - are relaxed.

The second part of the module continues the time series analysis taken in Econometric Theory II, with the emphasis on the behaviour of typical economic time series, and the implications of that behaviour in practical analysis, such as the construction of models linking economic time series. The key issues addressed will be the identification of non-stationarity through the construction of formal tests and the implications for modelling with non-stationary data.  

This module discusses aspects of some of the main sub-areas of experimental and behavioural economics. This includes applications related to individual decision-making, strategic behaviour and market behaviour.

The module encourages reflection on both the role of experiments in economics and the assumptions that economics does (and should) make about people’s motivations. Both experimental economics and behavioural economics are still comparatively new fields within the wider discipline.

The module considers their potential and main achievements, relative to more traditional economic techniques. It encourages development of critical skills and reflection on specific research contributions in experimental and behavioural economics.

This module covers:

• saving, focusing on how agents make intertemporal decisions about their savings and wealth accumulation
• saving puzzles and household portfolios, focusing on credit markets and credit markets' imperfections, and why do households hold different kinds of assets
• asset allocation and asset pricing, focusing on intertemporal portfolio selection, asset pricing and the equity premium puzzle
• bond markets and fixed income securities
• the term structure of interest rates
• the role of behavioural finance in explaining stock market puzzles

This module provides an advanced economic analysis of the theory of organisation of firms and industries. It will analyse a variety of market structures related to the degree of market competition with a special emphasis on imperfectly competitive markets. It will also analyse issues related to the internal organisation of firms.

This module looks at:

• trade policy
• economic policy for trade and international factor mobility
• theory and evidence
• trade policy and imperfect competition
• trade and distortions
• the political economy of protection
• trade policy reform

This module covers:

• models of intra-industry trade
• trade policy in oligopolistic industries
• multinational enterprises
• testing trade theories
• the WTO and "new issues"

This module covers an economic analysis of the labour market, with an emphasis on policy implications and institutional arrangements.

This module covers:

• dynamic general equilibrium models, focusing on how the time path of consumption, and saving, is determined by optimising agents and firms that interact on competitive markets
• growth in dynamic general equilibrium, focusing on the Solow model and the data, and the role played by accumulation of knowledge (endogenous innovation) in explaining long run growth
• Real Business Cycles (RBC), focusing on how the RBC approach accounts for business cycle fluctuations, and what links short run fluctuations and growth processes

This module is intended to provide an introduction to mathematical techniques used in economics. In particular, examples of economic issues that can be analysed using mathematical models will be discussed in detail.

Particular attention will be given to providing an intuitive understanding of the logic behind the formal results presented.

This module will cover topics in advanced microeconomics and decision theory. The precise content may vary from year to year, but the module will start from the basis established by the Microeconomic Theory module.

This module focuses on a range of econometric methods used in policy evaluation and in the identification and estimation of causal effects. Topics to be covered include:

• potential outcomes framework
• regression analysis and matching
• instrumental variables
• difference-in-differences
• regression discontinuity

This module provides a rigorous introduction to formal models of money in the macroeconomy. Following this, applications for areas of central banking, finance and international macroeconomics will be explored.

This module covers: 

• Foundations:
  • The rational political individual?
  • Voter participation
  • Collective action and the role of the state
• Core Political Economy:
  • The economic approach to politics
  • Political aspects of economics: rights and the limits of the state
  • Political aspects of economics: inequality and the duties of the state
• Political Economy in Action:
  • Political economy in action: some current issues in political economy

The module will introduce some major themes of the economic analysis of government. Using the tools of modern microeconomic theory, it will explore how government institutions are designed, how they could be designed better, and how they shape economic policy.

This module explores key themes and debates in the study of African politics. It aims to provide a broad introduction to African domestic and regional politics as well as Africa’s evolving position within an international political arena.

China, as the new and upcoming superpower, has become a focal point of global attention. This module introduces students to the major topics in China's interaction with the evolution of China's foreign policy since 1949 as well as its role in the international affairs and international political economy.

Much of the module will be an examination of China's political and economic relations with major powers and regions such as the US, the EU, the UK, Russia, Asia, and Africa, major initiatives of China, the responses towards China from these powers and regions, and major issues in their relations. This module will also survey main aspects of China's power and its role in critical global issues.  

The module will explore how domestic politics and other developments have contributed to the rise of China as a great power of the first league on the one hand, and to the emergence of strong nationalism or its manifestation on the other.

This module enables you to undertake a sustained piece of research and analysis into a subject within the discipline of politics and international relations. 

This module will introduce you to economic policy analysis.The first part of the module will focus on the role played by different institutional rules in shaping the behaviour of elected governments by providing incentives to elected governments.

The second part will cover post-crisis monetary policy; controlling money markets with excess reserves; spillovers of QE; effects of QE on asset and credit markets; low real equilibrium interest rates; uncertainty in monetary policy.

This module will introduce students to economic policy analysis, using examples from environmental economics and international trade. The first part of the module is about climate change. We first examine the practice of discounting future outcomes. We will look at the evidence for climate change in the past and predictions for future damage. Combining this with information about abatement options and costs, we can devise a globally optimal policy path, depending on the discount rate. Finally, we will trace actual climate change negotiations, evaluate climate change policy and examine why it is so difficult for countries to agree on greenhouse gas emission reductions. 

The second part of the module will focus on the issues around and methods for policy evaluation. We also draw some lessons for policy prescription/design. There is an increasing consensus as to the appropriate methods for evaluation but the topic of policy prescription remains contentious. It considers the main empirical methods of policy evaluation and the fundamental question of evaluation studies (what would have happened if the policy had not been undertaken). It discusses trade liberalization and exporting firms. This allows us to think about aggregate outcomes for policy change using evidence from microdata. It considers the question of whether there is systematic, reliable evidence that government policies stimulate growth in the long run and if so what those policies are. This topic is used to explore the issue of policy prescription.

The aim of this module is to explain and assess the nature, role and significance of political ideas and ideologies in contemporary Britain. It examines how and why the policies and practices of the 'mainstream' British parties (Conservative, Labour, Liberal and Liberal Democrats) have been informed by ideas and ideologies, on the one hand, and pragmatic and electoral considerations, on the other.

It also examines the political ideas and practices of ‘non-mainstream’ parties and social movements (including environmentalism and feminism) and their role and significance for the study and practice of politics in contemporary Britain. 

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This module will provide an introduction to international monetary issues, including the determination of exchange rates and international spill-over effects. 

Contemporary politics often shows two seemingly contradictory phenomena. On the one hand that many political analysts and political actors proclaim that ‘left’ and ‘right’ are outdated and not relevant anymore in contemporary politics as organising principles. On the other hand, that these terms are persistently and ubiquitously used to describe and interpret policies, events, and behaviours.  

The module focuses on the question of the role of ‘left’ and ‘right’ as structuring principles in a variety of political domains, ranging from party competition, policy formation (domestic as well as foreign policy), public opinion, public political discourse, voting behaviour, media production and consumption, etc. 

This module examines the relationship between the Middle East and the rest of the world across the 20th century and up to the present day. It covers the influence of empire, the experience of the Cold War, the Gulf War, Iraq War, Arab Spring and the Syrian conflict, whilst also focusing on important themes for the region including terrorism, oil, nuclear proliferation, authoritarianism and nationalism. In so doing it provides you with a deeper understanding of the history of a complex region and knowledge of the many challenges faced by the Middle East today. 

This module covers the following:

Static numerical methods

• Numerical solution methods
• Numerical static optimisation methods
• Applications: resource allocation, computable general equilibrium

Dynamic numerical optimisation

• Discrete dynamic programming
• Implementation of the methods
• Applications: optimal growth, rational expectations, asset management

Agent-based economic modelling

• Foundations of agent-based modelling
• Basics of computer programming
• Applications: evolutionary games, markets   

This course will offer an overview of political party development and the functioning of party systems in democratic states around the world, with a special focus on post-transitional democracies in Eastern Europe, Latin America and Asia.

Applying a variety of analytical concepts, theoretical approaches, and empirical indicators to the study of party politics, the course will highlight the institutional and sociological determinants of party organisation development and system stability as well as the consequences of party failure and party system collapse.  

This module will discuss political violence, including but not limited to topics on interstate war, bargaining, Thucydides traps, nuclear weapons, domestic politics of conflict, the Kantian peace, alliances, civil wars, genocide, peacekeeping, terrorism and economic sanctions.

It will present a rational choice framework, as well as explore alternative approaches, for analysing these topics and engage with the quantitative and qualitative literature to study them. It will cover a range of themes, questions, and international examples related to why and how state and non-state actors rely on power and force to achieve political goals. 

This module involves a part-time placement (one day a week) in an external organisation, and is aimed at developing hands-on work experience and employability skills in a workplace relevant to students of politics. Pre-placement training will be provided via three half-day workshops at the beginning of the module.

Each placement will be arranged by the work placement officer. Placements will be provided by organisations involved in private, public and third sector organisations, such as the civil service, charities and political parties.

Departmental mentoring will take the form of a weekly drop-in tutorial with the module convenor, in which experiences are shared and work is undertaken on the assessment tasks. Group presentations will occur during the final four hour workshop, at which time each group will critically reflect on their experiences of the ethos and goals of their host organisation.

This module seeks to introduce students to theories of race and racialisation, including, but not limited to, postcolonial theory, orientalism, and intersectionality. After learning the basics of these theoretical lenses, students will study the politics of race in different country contexts through countries’ histories of colonialism and imperialism as well as contemporary racial and ethnic disparities.   

This module will bridge the gap between academic study and pragmatic policy. It will consider how extremist ideas come into politics through extremist versions of ideology and religion, based on theories of prominent writers in the field.

It will consider political ideologies’ reliance on power and the role of violence through past case studies such as anarchism, Nazism and religious extremism. The module will also look at responses to terrorism utilising a case study approach that explores the United Kingdom’s and United States of America’s methods.

An introduction to the concepts and practices of secret intelligence and its place within international security. The module is split into three sections.

The first examines conceptual issues and models, the second explores some of the roles of intelligence in the twenty-first century and the third examines how intelligence actors can actively shape international relations. These are highly relevant issues, which are regularly in the media. 

The Anglo-American so-called 'Special Relationship' has provoked controversy since the term was coined after World War Two. To some commentators it has represented an attempt by the UK to hide its decline by lofty rhetoric and becoming the 'poodle' of a Superpower. To others, it has been a relationship that has served the interests of both countries and provided a foundation for Western cooperation. This module explores the salient aspects of a relationship that has been built around security, conventional and nuclear. 

Against the backdrop of increasingly tense EU-US relations, Brexit, and rising nationalism in Europe, this module analyses the European Union's international role. It first introduces concepts and decision-making processes related to EU foreign policy both, by Member States and EU institutions. In particular, we analyse the processes within the European Communities, and the CFSP (Common Foreign and Security Policies) / CSDP (Common Security and Defence Policies) frameworks.

The module then critically assesses security and economic policies towards states and regions in Africa, the Middle East, South America and Asia. Themes to explain the nature of contemporary EU foreign policies include: European integration, intergovernmentalism and supranationalism, neoliberalism and ethical foreign policy, development aid (including for health and education) and diplomacy, post-colonialism, as well as military and civilian means for conflict-management. 

Is it possible to provide Capitalism with solid ethical foundations and moral justifications? Many critics argue no. They point to resulting phenomena such as poverty, exploitation, North-South divides, discrimination, and many other ills. But at its inception Capitalism swept away the privilege of birth-right and ossified socioeconomic structures that condemned all but a tiny percentage of the world’s population to inescapable and grinding poverty, misery, illness, and premature death as the tools of others. It was widely praised as socially and politically progressive, particularly for the poorest in our societies. Its institutions of free markets and open productivity released those individuals into a world of opportunity, potential financial security, and rapid rises of the standard of living. Capitalism was a significant step in the pursuit of social justice. But what has gone wrong? Those early hopes evaporated for many.

This module asks whether capitalism can be given an ethical justification – one that would fulfil what it means for societies to be fair and just – and what that world would have to look like; how would it differ from our current world in terms of practices, laws, norms, and attitudes? It examines the good, the bad, and the ugly of capitalism and its associated practices.  

This is a module in applied political theory. It brings the tools of analytical political philosophy to bear on contemporary economic problems and arrangements. It develops the skills of rigorous philosophical analysis and develops knowledge and understanding of contemporary political economy. It builds on those skills previously introduced in earlier levels. It applies abstract reasoning to concrete real-world problems.

Questions relating to nationalism and ethnic conflict have become more prominent in political debate since the end of the Cold War, and the invasions of Iraq and Afghanistan demonstrated the continuing importance of constitutional crafting as a means to manage ethnic diversity within states. 

This module evaluates differing definitions of the 'nation' and 'ethnic group', examines different state strategies to manage diversity such as multiculturalism, assimilation and integration, and considers different explanations of conflict between different ethnic groups. 

It then examines in more detail strategies adopted by particular states to manage their diversity. The countries of India, America, France, Afghanistan, the UK, and Germany are focused upon, but students are encouraged to use material relating to other countries if they have particular knowledge of these cases.

Why are some states better at protecting, respecting, and fulfilling their human rights obligations, while others are not? Understanding the conditions under which governments protect human rights is crucial for the field of International Relations and policy makers alike. This module will discuss cutting-edge research within and beyond the human rights field.

You will learn about autocratic state behaviour, safeguards within democratic systems, the campaigns and challenges of NGOs and international organisations, and the wide-ranging effects of globalisation across the different categories and dimensions of human rights. The module will apply theory and empirical insights from these different fields of inquiry in order to understand the relative protection and enjoyment of human rights across different country contexts.

By the end of the module, you will have a clear understanding about human rights research and its effects on the real world.

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At the dawn of the 21st century, the status of democracy across the world is uncertain. In Central and Eastern Europe, it has become the only game in town, but in other regions like Russia or the Arab World it has suffered reversals. To make sense of these events, this module examines and is structured around some of the big, important questions that have long interested political scientists around the questions of democracy. What is democracy? Why are some countries democratic and others not? How did democracy emerge in different countries? What difference does democracy make for people’s lives?

The module adopts a global and comparative perspective, by focusing on countries in specific regions and by studying different data sets on the design, functioning and influence of democratic institutions.  

The state is the predominant site of power and authority in the modern world. Where modern states do not exist there is usually civil war or occupation; where they are ineffective, politics, society and economy tend to be unstable. But the modern state is also itself a site of violence and coercion in the name of which much suffering has been inflicted on those subject to its power, at home and abroad. Modern politics, then, simply cannot be understood unless we also understand the modern state.

By taking this module, students will become familiar with some of the most important theories of the modern state in the history of political thought, from Bodin and Hobbes, through Hegel and Schmitt, to Carole Pateman and Charles W. Mills, very much in the present. Students will come to appreciate how the power and authority of the modern state have been characterised, justified and repudiated during the modern era.