EU455 Half Unit
Concepts in Political Economy
This information is for the 2025/26 session.
Course Convenor
Prof Jonathan Hopkin
Availability
This course is available on the MPhil/PhD in European Studies, MSc in Political Economy of Europe in the World, MSc in Political Economy of Europe in the World (LSE and Fudan) and MSc in Political Economy of Europe in the World (LSE and Sciences Po). This course is available with permission as an outside option to students on other programmes where regulations permit. This course uses controlled access as part of the course selection process.
To apply for a place, ALL students should submit a statement via LSE for You outlining your specific reasons for applying, how it will benefit your academic/career goals, and how you meet any necessary pre-requisites (maximum 200 words).
The first round of offers will be made from 12-noon on Friday 26 September. The final deadline for applications is 12-noon of Friday of Autumn Term week 2.
For queries contact: ei@lse.ac.uk
This course has a limited number of places (it is controlled access) and demand is typically very high. Priority is given to students from the European Institute, so students from outside this department may not get a place.
Course content
The aim of the course is to engage students with relevant concepts in political economy and their main applications in European studies. The course will anchor the degree in historical and current debates about the nature of political economy, the role of institutions and the pros and cons of different methodological approaches taken by political economists. The aim of the lectures is to outline key political economy concepts and their theoretical background while the seminars explore the uses and limits of the respective concepts through the systematic analysis of relevant research papers.
This course is particularly recommended for students who wish to pursue a research path in political economy, but also for those who have no background in political science and therefore not familiar with conceptual debate. EU455 is also one of the three core course options for the MSc Political Economy of Europe, two of which must be chosen.
Among the topics covered are: concepts and theories in political economy; the role of ideas, interests and institutions; the tension between democracy and capitalism; distributional politics; rational choice theory and historical institutionalism; delegation to independent agents; accountability and legitimacy in policy-making; representation and partisanship; crises and crisis-management.
Teaching
15 hours of seminars and 10 hours of lectures in the Autumn Term.
1.5 hours of seminars in the Spring Term.
This course has a reading week in Week 6 of Autumn Term.
A review session will be held at the start of the Spring Term to prepare for the e-exam.
Formative assessment
Essay (1200 words)
One formative essay of 1,200 words on a seminar question based on a presentation in class.
Indicative reading
Caporaso, J and Levine, D (1992) Theories of Political Economy, Cambridge;
Olson, M (2000) The Rise and Decline of Nations, London: Yale University Press.
Assessment
Exam (100%), duration: 120 Minutes in the Spring exam period
The summative assessment will take the form of an e-exam in the Spring Term. E-exams are assessments run under invigilated exam conditions on campus. Students will complete the assessment using software downloaded to their personal laptops.
Key facts
Department: European Institute
Course Study Period: Autumn Term
Unit value: Half unit
FHEQ Level: Level 7
CEFR Level: Null
Total students 2024/25: 58
Average class size 2024/25: 15
Controlled access 2024/25: YesCourse selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Personal development skills
- Self-management
- Team working
- Communication