Studies & Degrees in Political Economy
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Political Economy Study Programs
Those interested in understanding the relationship between political issues and economic trends are ripe to pursue studies in political economics. Hinging on the idea that politics and economics are more or less inseparable, these courses cover the basics of economic markets and political structures before analyzing, evaluating and often predicting the effects on both.
Technically, any individual can become an expert in political economy through research, political activity and basic education. Certain global-interest organizations, companies and institutions will even train future and current employees in political economy basics. Sometimes, universities will provide publicly accessible workshops on political economy. However, these methods typically do not provide any degrees or certifications.
A preferred option is to attend a college or university for a bachelor’s course of study, usually two to four-year course. While some colleges offer political economy majors, other students may not have the option and need to earn a politics, political science or economics degrees. As long as the student takes a variety of political and economic classes during college, they will be well prepared for life as a political economist.
Skills, Qualifications and Prerequisites for Studies in Political Economy
Any individual can undertake political economy studies, with or without the aid of an institution – in which case, no prerequisites are required. However, if they choose to attend a higher education institution, they must adhere to the admission requirements outlined by the college or university. This usually includes the completion of a secondary school or a passing score on an aptitude test, entrance exam or other standardized test.
While students do not necessarily need highly developed aptitudes in certain subject areas, it helps to be highly knowledgeable of mathematics, economics, history, government and law before attempting a course in political economy. Ideal candidates should be involved in modern politics on various local, national or international levels. Previous experience with marketing or economic research is also beneficial.
Much of political economy requires students to relate cause and effect factors, analyze data, make predictions and understand a variety of viewpoints, beliefs and political positions. Along with this, students must compare trends and economic data. It calls for a very perceptive, open and scientific mind, capable of forming meaningful connections.
Qualifications and Skills Acquired from Studies in Political Economy
Political economy covers a range of topics, including:
- Political Science
- Economics and basic economic structures
- General national and world history
- Political and economic history
- Modern political structures
- Global trade, markets and security
- Products of interest
- Current issues
Career Opportunities for Studies in Political Economy
Ideally, political economists work as consultants to government organizations, non-profit organizations, political parties, global companies and even help monitor international relations. There is a huge demand for political economists in the global marketplace due to their insight into economic trends. Political groups, parties and movements also employ political economists, but less often than do industries, companies and institutions.
They can be anything from economists to political scientists, lobbyists to historians, researchers to trade specialists. Political economists can also enjoy employment in variety of other career paths, including: investment, analytics, company or project management, financing, sales, marketing and education.