Certificate in International Political Economy

28 Nobel Laureates in Economics • 8 Related Master’s Programs • Interdisciplinary Centers and Institutes

10 Weeks in Chicago • 2 Weeks in Spain • Earn a Full Quarter of Academic Credit

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Final App Deadline: Monday, March 26, 2018
Language Requirement: TOEFL 104 or IELTS 7
Coordinator: Mario McHarris
Program Dates: September 24 – December 15, 2018
Quarter: Autumn


Students in the certificate program in International Political Economy will find the University of Chicago to be an interdisciplinary community of scholars that takes ideas seriously. Working closely with faculty at the forefront of political and economic research, students will be pushed to expand their capacities for research and analysis. They will be aided in these pursuits through access to the breadth of the University of Chicago’s robust interdisciplinary scene of centers and institutes, focused on global issues.



Foundation Courses

Intensive foundation courses will be offered at the CEU Universidad San Pablo campus in Madrid, Spain, taught by University of Chicago faculty.

Political Risk Analysis
This module explores the major theories of political risk assessment by evaluating major cross-national sources of political risk. These include but are not limited to the effect of events such as regime change, government expropriation, terrorism, civil strife, and revolutions.
International Organizations
This module introduces students to the theoretical frameworks, empirical cases, and cutting-edge debates concerning international organizations (IOs).
This module covers current major domestic and international macroeconomic issues in the U.S. economy, including the determination of income and output, inflation, unemployment, and economic growth; money, banking, and the Federal Reserve System; federal spending, taxation, and deficits; and international trade, exchange rates, and the balance of payments.
Chicago Courses

After completing the foundation courses, students in the program will spend the autumn quarter at the University of Chicago. Courses in Global Relations will focus on policy studies while courses in Global Markets will emphasize the interplay of economic policies and events. Students will also select an elective course in the social sciences.

Global Relations

International Law
This course serves as an introduction to international law, which is the body of law that nation states have jointly created for the purpose of governing their relations. Students will gain an understanding of how formal and informal legal conventions shape how states and actors participate in a range of activities.
Politics of Globalization
Globalization has been taking place for centuries, but its impact has accelerated in recent decades. This class focuses on the political aspects of globalization recognizing that these often cannot be separated from economics.

Global Markets

Money and Banking
This course covers economic theories and topical issues in money and banking. We discuss such “traditional” topics as the quantity theory, the Phillips curve, and the money creation process. We also investigate models of bank runs and financial crises, the tradeoff between rules and discretion, and the New Macroeconomic Synthesis of New Classical. Other topics include New Keynesian approaches to modeling money and monetary policy, practical and institutional issues in European and U.S. monetary policy, and the 2008 financial crisis.
International Trade and Global Financial Markets
This course is designed to introduce participants to the concept of international trade and the institutional and policy contexts in which trade is transacted. International trade involves the exchange of goods and services across international boundaries or territories and it touches on multiple aspects of trade and supply chain management, as well as the financial markets that facilitate (or impede) trade.

Elective Course
Students will meet with an academic advisor to select a course in the social sciences.

Academic Credits and Registration

Students in the IPE program will be registered as full-time students at the University of Chicago. They receive 300 units of credit, which grants them full-time student status. Students who successfully complete all course requirements will be awarded a Certificate in International Political Economy and a transcript by the University of Chicago. Completion of the program will position students to apply for one of the University of Chicago’s several interdisciplinary master’s degree programs.


Participants in this program are housed in an apartment complex in Hyde Park within easy commuting distance of the University of Chicago campus. This accommodation was completed in 2016 and features double rooms, each with a kitchenette and individual bathrooms. Additional amenities include complimentary WiFi, multiple lounge areas and sun decks offering exceptional views of Chicago and Lake Michigan, a fitness center, study lounges, and bike storage. A University of Chicago Graduate Assistant will be housed at the residence with the students.


Program Fee Includes Out-of-Pocket Expenses Include
Accommodation Round-trip airfare to and from Chicago
Dining Plan Transportation on site
Instruction Some meals
Campus facilities Course materials
Student support Personal entertainment and travel
Orientation and closing receptions Communications (including cell phone usage)
University Student Health Insurance Plan (U-SHIP) Other miscellaneous expenses

Program Faculty

  • Paul Poast, Ph.D., Assistant Professor in Political Science
    • Political Risk Analysis
  • Matthias Staisch, Ph.D., Instructor and Postdoctoral Fellow, Committee on International Relations
    • International Organizations
    • Politics of Globalization
  • Kotaro Yoshida, Ph.D., Lecturer in Economics and the College
    • Macroeconomics
    • Money and Banking
  • Kruti Trivedi, J.D., A.B., Assistant United States Attorney, Northern District of Illinois
    • International Law
  • Min Sok Lee, Ph.D., Lecturer in Economics and the CollegeBottom of Form
    • International Trade and Global Financial Markets