• Methods & Concepts of Political Economy (Graduate Minor)

  • Overview

    The Methods and Concepts of Political Economy graduate minor is offered through the Department of Economics at The New School for Social Research.

    This minor introduces students to the contemporary tools of economic analysis and provides a background in the historical development of these tools. It equips students to better engage with discussion of economic issues as they appear in the media, and so better understand the causes and consequences of contemporary economic issues. The minor is also of value to graduate students seeking to better develop their quantitative literacy as a transferable skill post-graduation.

    Curriculum

    This graduate minor requires successful completion of 9 credits via courses chosen from the chart below. One course must be chosen from each subject area. The course in economic theory should be taken before the course in applied economics, but the course in intellectual history can be taken at any time.

    Course availability may vary from semester to semester. Some courses may be in development and offered at a later time. Students seeking to pursue alternative coursework in other subject areas to fulfill the minor should consult with their advisors.

    Subject AreaCourse OptionsRequirements
    Intellectual HistoryGECO 5104 Historical Foundations of Political Economy I
    or
    GECO 5105 Historical Foundations of Political Economy II
    3 credits
    Economic TheoryGECO 6190 Graduate Microeconomics
    or
    GECO 6191 Graduate Macroeconomics
    3 credits
    Applied EconomicsA 5000- or 6000-level graduate economics course. Examples include:
    GECO 5125 Comparative Economic Systems
    GECO 5425 Economics of Crisis and Austerity
    3 credits

    Learning Outcomes

    A student who has completed this graduate minor should be able to:

    • Analyze the factors that motivate and constrain household-level decision makers (economy "in the small") as well as the objectives that they focus on.
    • Analyze how the economy operates "in the large"; this includes analyzing the causes and consequences of macroeconomic pathologies such as unemployment, inflation, and crises in the real and financial sectors.
    • Interpret and evaluate the history of the ideas explored in 1 and 2, together with the "real world" events and developments in other disciplines in which their emergence and subsequent application has been situated.
    • Explain the scope of public policy intervention in the economy and evaluate its limitations.
    • Explain how quantitative tools can be applied to the analysis of social material and will be able to apply this understanding to new contexts.

    Faculty

    Paulo dos Santos, Assistant Professor of Economics
    Duncan Foley, Leo Model Professor of Economics and Director of Graduate Studies
    William Milberg, Professor of Economics, Dean, New School for Social Research
    Willi Semmler, Arnhold Professor of International Cooperation and Development
    Mark Setterfield, Professor and Chair of Economics

    Eligibility

    The Methods and Concepts of Political Economy graduate minor is available to graduate degree students across The New School, with the exception of students enrolled in programs in the Economics Department (MA Economics, MS Economics, MA Global Political Economy and Finance, PhD in Economics).

    The Methods and Concepts of Political Economy graduate minor requires an application for admission.

    Eligible students who have completed some or all courses that can be applied to the minor should make an appointment with their advisor to review their transcript and demonstrate successful completion of the minor.

    Upon successful completion of the minor's requirements, the completed minor will appear on the student's academic transcript and diploma at graduation.

    For questions regarding this minor please contact Duncan Foley, Leo Model Professor of Economics and Director of Graduate Studies, at foleyd@newschool.edu.

    How to Declare, Change, or Apply to a Minor

    Current students can declare or change a minor by logging in to my.newschool.edu, clicking on the Academics tab, and then clicking on the link to Major/Minor Declarations. Students can access the application for this minor by filling out the declaration form. 

    Students in one-year programs should declare a minor by the end of their first semester of study, ideally before registering for their final term. Students in programs whose duration is longer than one year should declare a minor by the end of their first year of study.

  • Take The Next Step

Submit your application

Undergraduates

To apply to any of our undergraduate programs (except the Bachelor's Program for Adults and Transfer Students and Parsons Associate of Applied Science programs) complete and submit the Common App online.

Undergraduate Adult Learners

To apply to any of our Bachelor's Program for Adults and Transfer Students and Parsons Associate of Applied Science programs, complete and submit the New School Online Application.

Graduates

To apply to any of our Master's, Doctoral, Professional Studies Diploma, and Graduate Certificate programs, complete and submit the New School Online Application.

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