In modern diplomacy, advanced knowledge of economic and political issues is critical to the success of negotiations, as well as in reporting and analysing various events at national and international levels.
The course addresses modern phenomena in the domains of economics and political economy – globalisation, financial crises, development and transition economics, politics of international trade, regulation and competition policy – all of which are interconnected and have a bearing on the professional work of diplomats. It encourages you to question and critically analyse domestic and international economic issues to understand their political implications and to assess these at a more sophisticated level. It aims to solidify your professional understanding of modern economics issues, global institutions and policy making in the international context.
The course has been designed to introduce intermediate and advanced economic and political economy subject matter such as national competitiveness, free trade and protectionism, competition policy, global markets efficiency, development and transition, foreign aid, capital flows and financial crises, and wider debates in markets' versus states' domains.
This course naturally follows the Level One Economics for Foreign Policy course; however it is not compulsory for those with sufficient economics background to attend Level One. Although the course is fundamentally based around economic concepts, there is an interdisciplinary nature about the programme intended to illustrate at which points policy, politics and economics interact and to show how economic ideas and principles may or may not apply in the political realities.
Upon successful completion of the course, participants will receive an official LSE Executive Education certificate.
Already enrolled? See the background reading suggestions for Level Two.