Minimum entry requirements for MSc Political Economy of Late Development

Upper second class honours (2:1) degree or equivalent in social science or humanities.

Competition for places at the School is high. This means that even if you meet the minimum entry requirement, this does not guarantee you an offer of admission.

If you have studied or are studying outside of the UK then have a look at our Information for International Students to find out the entry requirements that apply to you.

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background.

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

- academic achievement (including predicted and achieved grades)
- statement of academic purpose
- two academic references
- CV

See further information on supporting documents

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE. See our English language requirements.

When to apply

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however, to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details. 

Candidates may also be interested in the two-year MA Global Studies: A European Perspective, which focuses in global history more generally.  

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2024/25 for MSc Political Economy of Late Development

Home students: £17,424 
Overseas students: £27,480

The Table of Fees shows the latest tuition amounts for all programmes offered by the School.

Fee status

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information about fee status classification.

Fee reduction

Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a fee reduction of around 10 per cent of the fee.

Scholarships and other funding

The School recognises that the cost of living in London may be higher than in your home town or country, and we provide generous scholarships each year to home and overseas students.

This programme is eligible for needs-based awards from LSE, including the Graduate Support Scheme, Master's Awards, and Anniversary Scholarships. 

Selection for any funding opportunity is based on receipt of an offer for a place and submitting a Graduate Financial Support application, before the funding deadline. Funding deadline for needs-based awards from LSE: 25 April 2024.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas. Find out more about financial support.

Government tuition fee loans and external funding

A postgraduate loan is available from the UK government for eligible students studying for a first master’s programme, to help with fees and living costs. Some other governments and organisations also offer tuition fee loan schemes.

Find out more about tuition fee loans

Further information

Fees and funding opportunities

LSE is an international community, with over 140 nationalities represented amongst its student body. We celebrate this diversity through everything we do.  

If you are applying to LSE from outside of the UK then take a look at our Information for International students. 

1) Take a note of the UK qualifications we require for your programme of interest (found in the ‘Entry requirements’ section of this page). 

2) Go to the International Students section of our website. 

3) Select your country. 

4) Select ‘Graduate entry requirements’ and scroll until you arrive at the information about your local/national qualification. Compare the stated UK entry requirements listed on this page with the local/national entry requirement listed on your country specific page.

Part-time study
Part time study is only available for students who do not require a student visa.

This programme consists of two compulsory units, a dissertation, and optional courses to the value of two full units (if you elect to do the half-unit dissertation) or one and a half units (if you elect to do the full-unit dissertation) selected from the prescribed list. The compulsory elements are Development: Theory, History and Policy and Theories, Paths and Patterns of Late Development, to which the dissertation is linked. When choosing options, you are strongly advised to select equitably across the Department of International Development and Department of Economic History.

Please note that some options have prerequisites and some have a restricted intake.

(* denotes a half unit)

Historical Analysis of Economic Change*
Examines the central themes and key methodological and theoretical issues in economic history.

Development: History, Theory and Policy
Integrates the concepts and perspectives of a range of disciplines to consider: major trends of development and change in modern history and interpretations of them in the social sciences; and contemporary economic and social theory and their bearing on the policy and practice of development.

Dissertation* or Research Dissertation

Courses to the value of one full unit or half a unit (depending on the dissertation option selected) from a range of options

For the most up-to-date list of optional courses please visit the relevant School Calendar page.

You must note, however, that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated graduate course and programme information page.

Contact hours and independent study

This course comprises lectures, seminars, essays and examinations. Depending on the options selected it may vary in respect of hours and word count.

The average taught course contact hours per half unit is 20-30 hours and a full unit is 40-60 hours. This programme comprises lectures, seminars, essays and examinations. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide.

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

Teaching methods

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. You can view indicative details for the teacher responsible for each course in the relevant course guide.

Assessment

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment may be conducted during the course or by final examination at the end of the course. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Academic support

You will also be assigned an academic mentor who will be available for guidance and advice on academic or personal concerns.

There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. LSE LIFE is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork.

LSE is committed to enabling all students to achieve their full potential and the School’s Disability and Wellbeing Service provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

We’re here to help and support you throughout your time at LSE, whether you need help with your academic studies, support with your welfare and wellbeing or simply to develop on a personal and professional level.

Whatever your query, big or small, there are a range of people you can speak to who will be happy to help.  

Department librarians – they will be able to help you navigate the library and maximise its resources during your studies. 

Accommodation service – they can offer advice on living in halls and offer guidance on private accommodation related queries.

Class teachers and seminar leaders – they will be able to assist with queries relating to specific courses. 

Disability and Wellbeing Service – they are experts in long-term health conditions, sensory impairments, mental health and specific learning difficulties. They offer confidential and free services such as student counselling, a peer support scheme and arranging exam adjustments. They run groups and workshops. 

IT help – support is available 24 hours a day to assist with all your technology queries.  

LSE Faith Centre – this is home to LSE's diverse religious activities and transformational interfaith leadership programmes, as well as a space for worship, prayer and quiet reflection. It includes Islamic prayer rooms and a main space for worship. It is also a space for wellbeing classes on campus and is open to all students and staff from all faiths and none.  

Language Centre – the Centre specialises in offering language courses targeted to the needs of students and practitioners in the social sciences. We offer pre-course English for Academic Purposes programmes; English language support during your studies; modern language courses in nine languages; proofreading, translation and document authentication; and language learning community activities.

LSE Careers ­– with the help of LSE Careers, you can make the most of the opportunities that London has to offer. Whatever your career plans, LSE Careers will work with you, connecting you to opportunities and experiences from internships and volunteering to networking events and employer and alumni insights. 

LSE Library – founded in 1896, the British Library of Political and Economic Science is the major international library of the social sciences. It stays open late, has lots of excellent resources and is a great place to study. As an LSE student, you’ll have access to a number of other academic libraries in Greater London and nationwide. 

LSE LIFE – this is where you should go to develop skills you’ll use as a student and beyond. The centre runs talks and workshops on skills you’ll find useful in the classroom; offers one-to-one sessions with study advisers who can help you with reading, making notes, writing, research and exam revision; and provides drop-in sessions for academic and personal support. (See ‘Teaching and assessment’). 

LSE Students’ Union (LSESU) – they offer academic, personal and financial advice and funding. 

PhD Academy – this is available for PhD students, wherever they are, to take part in interdisciplinary events and other professional development activities and access all the services related to their registration. 

Sardinia House Dental Practice – this offers discounted private dental services to LSE students. 

St Philips Medical Centre – based in Pethwick-Lawrence House, the Centre provides NHS Primary Care services to registered patients.

Student Services Centre – our staff here can answer general queries and can point you in the direction of other LSE services.  

Student advisers – we have a Deputy Head of Student Services (Advice and Policy) and an Adviser to Women Students who can help with academic and pastoral matters.

As a student at LSE you’ll be based at our central London campus. Find out what our campus and London have to offer you on academic, social and career perspective. 

Student societies and activities

Your time at LSE is not just about studying, there are plenty of ways to get involved in extracurricular activities. From joining one of over 200 societies, or starting your own society, to volunteering for a local charity, or attending a public lecture by a world-leading figure, there is a lot to choose from. 

The campus 

LSE is based on one campus in the centre of London. Despite the busy feel of the surrounding area, many of the streets around campus are pedestrianised, meaning the campus feels like a real community. 

Life in London 

London is an exciting, vibrant and colourful city. It's also an academic city, with more than 400,000 university students. Whatever your interests or appetite you will find something to suit your palate and pocket in this truly international capital. Make the most of career opportunities and social activities, theatre, museums, music and more. 

Want to find out more? Read why we think London is a fantastic student city, find out about key sights, places and experiences for new Londoners. Don't fear, London doesn't have to be super expensive: hear about London on a budget. 

Balder Vestad

MSc Political Economy of Late Development

My advice from my career so far would be: If you don’t know what you would like to do, go for a broad position that gives you complementary skills to those you already have. Don’t be afraid to apply for positions you might think you won’t get – you never know what they’re looking for, and LSE has a very strong name.

An interest in economics, politics and development made me choose my LSE programme. LSE’s reputation as a great school with good teachers and motivated and smart students was attractive. A lot of employers seem to be impressed when they see that you have a master’s degree from LSE. Perhaps the network might come in handy later. I thoroughly enjoyed my time at LSE – the school, the teachers, the city, my fellow students helped make the year a great experience! I learned a lot that I have benefitted from since. 

The following is a list of general Economic History books that you might want to take a look at before you arrive at LSE.  Please note, these books are listed as a general introduction to Economic History and may not appear on the reading lists of the courses that you actually take - they are presented as a starting point.

• Acemoglu, D. and Robinson, J. (2012), Why Nations Fail: The Origins of Power, Prosperity and Poverty, London: Profile.
• Allen, R.C. (2009), The British Industrial Revolution in Global Perspective, Cambridge: Cambridge University Press.
• Austin, Gareth M. Markets, Slaves and States in West African History, c.1450 to the present (Cambridge: CUP 2013)
• Austin, Gareth M. & Kaoru Sugihara (eds.) Labour-intensive industrialisation in Global History (London: Routledge 2013).
• Baten, Joerg (2016), A History of the Global Economy. Cambridge.
• Broadberry, S. and O’Rourke, K. (eds.) (2010), The Cambridge Economic History of Modern Europe, Cambridge: Cambridge University Press.
• Crafts, N.F.R. and Fearon, P. (2013), The Great Depression of the 1930s: Lessons for Today, Oxford: Oxford University Press.
• Darwin, J. (2007), After Tamerlane: The Rise and Fall of Global Empires, 1400-2000, London: Allen Lane.
• Engerman, Stanley L. & Kenneth L. Sokoloff Economic Development in the Americas since 1500: endowments and institutions (Cambridge: CUP/NBER 2012).
• Findlay, R. and O’Rourke, K. (2009), Power and Plenty: Trade, War, and the World Economy in the Second Millennium (Princeton Economic History of the Western World), Princeton: Princeton University Press.
• Floud, Roderick, Fogel, Robert, Harris, Bernard, and Hong, Sok Chul (2011), The Changing Body: health, nutrition, and human development in the western world since 1700. Cambridge.
• Greif, A. (2006) Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Political Economy of Institutions and Decisions) Cambridge: Cambridge University Press.
• Hatcher, J. and Bailey, M (2001), Modelling the Middle Ages: The History and Theory of England’s Economic Development, Oxford: Oxford University Press.
• Herschman, Albert O. (2013), The Passions and the Interests: political arguments for capitalism before its triumph. Princeton.
• King, Mervyn (2016), The End of Alchemy: money, banking and the future.  Little, Brown.
• Livi-Bacci, Massimo (2012), A Concise History of Worl Population.  Wiley Blackwell.
• Mackenzie, D (2006), An Engine, Not a Camera: How Financial Models Shape Markets. Cambridge, Mass: MIT Press.
• Morgan, Mary S. (2012), The World in the Model: How Economists Work and Think, Cambridge: Cambridge University Press.
• North, D.C., Wallis, J.J. and Weingast, B. (2009), Violence and Social Orders: A Conceptual framework for Interpreting Recorded Human History, Cambridge; Cambridge University Press.
• Parthasarathi, P. (2011), Why Europe Grew Rich and Asia Did Not: Global Divergence, 1600-1850, Cambridge: Cambridge University Press.
• Pomeranz, K. (2000), The Great Divergence: China, Europe and the Making of the Modern World Economy, Princeton: Princeton University Press.
• Reinhart, C.M. and Rogoff, K.S. (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton: Princeton University Press.
• Rosenthal, J-L and Wong, R. Bin (2011), Before and Beyond Divergence: The Politics of Economic Change in China and Europe, Harvard University Press.
• Roy, T. (2012), India in the World Economy: From Antiquity to the Present (New Approaches to Asian History), Cambridge: Cambridge University Press.
• Von Glahn, Richard (2016), The Economic History of China from Antiquity to the Nineteenth Century (CUP)
• Yun-Casalilla, B. and O’Brien, P. (2011), The Rise of Fiscal States: A Global History, 1500-1914, Cambridge: Cambridge University Press.

Quick Careers Facts for the Department of Economic History

Median salary of our PG students 15 months after graduating: £42,000          

Top 5 sectors our students work in:

• Information, Digital Technology and Data            
• Financial and Professional Services              
• Education, Teaching and Research            
• Accounting and Auditing              
• Consultancy

The data was collected as part of the Graduate Outcomes survey, which is administered by the Higher Education Statistics Agency (HESA). Graduates from 2020-21 were the fourth group to be asked to respond to Graduate Outcomes. Median salaries are calculated for respondents who are paid in UK pounds sterling and who were working in full-time employment.

The programme is primarily intended for students planning a career in development work, and provides a good foundation for social science research in development.

Further information on graduate destinations for this programme

Andre Rainho das Neves

MSc Political Economy of Late Development

Brazil 

After graduating from Law School in Brazil, I went to LSE to further my knowledge in development economics. My main academic interest has long been the interaction between institutions and economics, and I thought the MSc in Political Economy of Late Development would help me broaden my analytic skills and my knowledge in economics. It did just that.

My career path has developed as planned so far. In the future, I would like to pursue an academic career and leave the practice of law. In my current job, my day-to-day responsibilities involve substantial team work, analytical skills and paying attention for detail. All these skills were significantly improved during my time at LSE.

The reasons that I chose LSE and my degree were: the field of study, the amazing international and cosmopolitan environment of LSE; and the wonders of living in London. I would encourage current LSE students to make the most of all the facilities which it has to offer.

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the support available to students through LSE Careers.

Discover more about being an LSE student - meet us in a city near you, visit our campus or experience LSE from home. 

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Visit LSE

Come on a guided campus tour, attend an undergraduate open day, drop into our office or go on a self-guided tour. Find out about opportunities to visit LSE. 

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Student Marketing, Recruitment and Study Abroad travels throughout the UK and around the world to meet with prospective students. We visit schools, attend education fairs and also hold Destination LSE events: pre-departure events for offer holders. Find details on LSE's upcoming visits.