The MA in International Political Economy (IPE) is an interdisciplinary course with a wide scope, and a solid foundation in Bifröst University’s position as a Nordic university in close proximity to the Arctic region. This programme prepares students for professional responsibilities in internatinal forums, including international organisations, NGO´s, multinational corporations, media and other agencies and practices in which understanding of global interdependence between economic processes and political governance is valuable.
International Political Economy is concerned with the relationship between the market, law and the public sector; nowhere in the world do pure markets, unmarked by government intervention, exist. Parallel to the development of world affairs over the last decades, such as globalisation and growing international trade, the study of international political economy has matured and expanded and its importance as an independent discipline has grown. International Political Economy examines the interaction between international markets and the state system and analyses how economic, social, political, and legal factors intertwine, facilitating or impeding the exchange of goods and services, technology, labour, monetary flows, natural resources, and cultural values. From this perspective, IPE breaks down the conventional analytical boundaries between economics, politics, and sociology, as it challenges the idea that states and markets exist within a vacuum. States effectively construct national identities which are shaped by a variety of actors and institutions, and are complementary to the markets. Markets therefore play an important role in shaping global behaviour. This MA course dedicates special attention to the Nordic model of political economy with its emphasis on human capital investment, scientific research promotion, progressive social policy, fair distribution of resources, gender equality, and socio-political stability.
The study programme is 90 credits at the Master’s level and is taught through a distance learning platform, during autumn and spring semesters, and through two intensive on-line seminars.
Normal study progress involves completion of five courses (30 ECTS) in the autumn semester (including a kick-off session), five courses (30 ECTS) in the spring/summer semesters and a final Master’s thesis project (30 ECTS) in the fall semester of the following academic year. A full-time student will complete the programme in 18 months.
The study programme emphasises scientific methods, comprehension and student research competences in the field of international political economy. The objective of the study programme is to qualify students to carry out research in the field of international political economy and simultaneously gain the knowledge and proficiency required so they can hold positions in administration or at institutions involved in international business and politics.
One ECTS credit is considered to correspond to 25-30 hours of student work. This work includes all reading, assignment work, preparation for final examinations, presentations, lectures and all other work that students complete in connection with a course.