PP421E      Half Unit
Global Market Economics

This information is for the 2025/26 session.

Course Convenor

Availability

Requisites

Additional requisites:

There are no formal pre-requisites, but the course is only available by prior agreement with the Executive MPA and Executive MPP Programme Directors if students haven't completed Empirical Methods for Public Policy (PP455E) and Economic Policy Analysis (PP440E).

This course will expand your knowledge of economics and politics to cover firms and nations in the global economy. First, we consider the forces that shape economic behaviour in open economies. Building on both microeconomic and macroeconomic concepts, we will study the forces that affect production, trade, and other forms of international exchange, and analyse the economic effects of trade policy. We will also consider firm decision making in the face of these global forces, and how firms’ decisions shape industry-level and aggregate outcomes. Second, we consider the political foundations and dynamics shaping global trade and economic governance. We will look into the evolving politics of trade and investment agreements and the World Trade Organisation, the root causes of growing geo-economic tensions and tariff wars as well as efforts to reform global economic governance to better accommodate the diverse domestic political economies of advanced and emerging economies.

30 hours of lectures in the Autumn Term.

A one-week modular teaching block. This course is delivered through a combination of classes and lectures delivered in one week.

The default mode of instruction is in-person in the classroom at LSE. Remote attendance is available in case of challenges preventing in-person attendance. 

One mock online assessment opportunity will be provided.

A full reading list will be distributed at the beginning of the course.

Essay (50%, 2000 words)

Short answer questions (50%)

Assessments for this course are an essay (50%) and an online assessment (50%). Online assessments take place on the third weekend after the module teaching concludes. The online assessment is available for 3 days and students have 3 hours 15 minutes to complete the assessment once they have started. Assessed essays are due on the sixth Sunday after module teaching concludes. Further details will be provided at the Executive MPA/ Executive MPP programme inductions.