Update your status of this course
INSEAD Course/Program Name
Application closes on
National :21 Sep 
International :21 Sep 

MBA Economics and Political Science

 Course Level
Full Time

10 Months
 Start month

 Tuition fee

77000 EUR
77000 EUR

Application fee

International 250 EUR
National 250 EUR
Economics and Political Science
Scores accepted
IELTS (min)7.5
TOEFL-IBT (min)105
TOEFL-PBT (min)620
GRE (avg)325
GMAT (avg)702

World B-School Ranking

About this course

Economics and Political Science faculty works on a diverse set of research areas including Macroeconomics, Microeconomics, Trade, Organizations, Political Economy and the role of governments on business. We teach in all our degree programmes three of the required core courses as well as a set of electives.

Check further details on University website

Eligibility Criteria

Academic foundation: Bachelor’s degree or equivalent from a recognised college or university (although in exceptional circumstances, we may waive this requirement for outstanding candidates with substantial professional experience). Many of our applicants have advanced degrees but this is not compulsory. To assess your academic background, we consider the competitiveness of the institution you attended and your academic performance.

GMAT: all applicants are required to take a GMAT test as it provides us with a standardised way of evaluating candidates. While we do not have a minimum score required for admission, we advise candidates to aim for a score at or above the 70th-75th percentile for both the quantitative and verbal sections of the GMAT. Please keep in mind, however, that standardised tests are just one of several admission criteria. A high score does not guarantee admission, and a below average score does not eliminate a candidate.

In countries where the GMAT test is not offered, we will accept a GRE test instead. Similarly, a GRE test is acceptable for prospective students looking to follow the Dual Degree path. A score above 85% for the quantitative and verbal sections of the GRE is highly recommended.

Check further details on University website

Course Modules

Core Courses

Prices and Markets

  • Ultimately, it is the prices paid and charged by a company that determine how economic value is divided between the business, its consumers and its suppliers. This course teaches you how to use structured thinking based on microeconomic theory to understand how economic fundamentals such as demand, cost, market structure and government policy shape the prices that prevail in a market. By the end of the course you will know how to: construct a fact-based, logically grounded analysis of a competitive market; identify the categories of costs that are relevant for critical business decisions; construct models of how government interactions affect prices; make proft-maximising price decisions based on the interplay between cost and demand; and use several useful game-theory based models of competition.

Macroeconomics in a Global Economy

  • Individuals, companies, governments and international organisations all operate within an economic environment that influences their performance. In order to minimise the risks and to capitalise on opportunities arising from macroeconomic conditions, companies must constantly monitor changes in interest rates, exchange rates, monetary/fiscal policy, inflation, unemployment and phases of the business cycle. The goal of this course is to build your understanding of these mechanisms and the way they determine the evolution of the global economic environment. The focus is highly applied. It relies on collecting and manipulating economic data (each group is assigned a different country) and reading prescribed press articles (usually from the week preceding the session).

International Political Analysis

  • As every issue of the Financial Times illustrates, politics is a major force in shaping business worldwide. As you progress in your business career towards higher-level management, your ability to assess and handle the political environment will become an increasingly significant skill. This is particularly true if, like most INSEAD graduates, you will be doing business internationally or outside your home country. The purpose of this course is to help you develop this vital ability. Sessions cover issues such as: understanding politics; state structures; varieties of capitalism; industrial policy; international and regional regimes; the future of international politics; international political economy and the WTO; and the power of NGOs.

Elective Courses

Advanced Game Theory (AGT)

  • This class shows students how to use game theory to give an analytic treatment of business problems. The target audience is those who are intrigued by the game theory presented in the core class and would like to gain a deeper understanding of such analytic methods. We will touch on issues such as: How can you affect your rival's actions? How can you signal your talent to potential employers? We will include applications to financial markets and the financial crisis.

Business in 2050

  • You are about 30 years old, give or take a few years. Let us imagine that, after graduating from INSEAD, you are going to work as a manager for about 35 years.
    If we look back 35 years, to the world of 1980, there were no mobile telephones, no personal computers, and no internet. The concept of globalization had not been invented. There was still a Cold War between East and West. Political Islam had just emerged on the stage of history with the revolution in Iran. The economic rise of China, India and other ‘Third World’ countries had barely or not started. Financial crises were things of the pre-Second World War past.
    How different will the world in 35 years look to the one we know today? How and to what extent will the environment of business and management change in this period? What kinds of opportunities and risks will this changing environment pose for firms and their managers? To the extent that ‘business as usual’ threatens to lead to the depletion of critical resources and irreversible environmental destruction, what can firms, their managers and owners, and business organizations do or avoid doing to promote the development of a more ‘sustainable’ world?

Capitalism: Historical, Comparative and Critical Perspectives

  • The current lingering crisis is a perfect opportunity to analyse how, to what extent and why capitalism has changed over time – and why it has assumed different forms in different geographies. Apart from focusing on these issues, the course will also look at contemporary debates about the future of capitalism and its possible forms, such as “radical”, “social democratic” and “green”.

Comparing the World's Business Systems (CWBS)

  • Most INSEAD graduates will need to understand the “rules of the game” in countries other than their own. It is not just about language and culture. National economies function very differently and businesses in different countries act in ways that defy expectations. This course is designed to accelerate students’ understanding of the following countries in particular: Brazil, China, Germany, India, Japan, Russia, South Korea and the USA. It also gives them the tools to grasp business in other markets and the chance to do a group project on any additional country.

Economics & Management in Developing Countries (EMDC)

  • This course is intended to provide future managers, expecting to work in or with developing countries, with an understanding of their current economic reality and future prospects of these nations. The course will concentrate on the relationship between corporate management and the economic and social development of developing countries. Along with an introduction to the problems of economic development, it also addresses the role of the private sector (including corporations and NGO's) in promoting development from the bottom-up and fighting poverty.

Europe and the European Union: Continent in Crisis (EU)

  • The European Union (EU), which embraces almost all states on the European continent, is in crisis. How this crisis is managed and unfolds will affect economic and political trends and prospects not only in Europe, but also in the wider world, as Europe is the biggest single market in the world, the world’s biggest trading bloc and an important player in international trade, monetary, regulatory, environmental and security politics. This mini-elective course will analyze how the European integration process originated, how the EU is organized and makes decisions, how business and other interests ‘lobby’ EU decision-making organs, how and why the current crisis developed, how it might work out and what kind of role and influence the EU might exercise in the world economy and politics in the 21st century. In terms of empirical cases, the course will focus on the Euro and monetary integration and issues of enlargement, market liberalization and labour movement and regulatory and international environmental policy. Given the European Parliamentary elections in May 2014, we will also explore the determinants and implications of the growth of ‘anti-European’ political parties and movements.

Strategies for Asia Pacific (SAP)

  • Why is Asia such a tough business environment for non-Asian companies and managers? Drawing on INSEAD research and our long experience of succeeding as outsider in the region, this elective supplies some answers. Better still, it gives you an in-depth understanding of how Asian markets function, how to formulate market-entry strategies and how to avoid typical management frictions.

Check further details on University website

How to Apply

Documents Required

English language certification (Only required if English is not your native language)

We accept TOEFL, TOEIC, IELTS, Pearson Test of English (PTE) Academic, and the Certificate of Proficiency in English test. For INSEAD purposes, scores are valid for two years. With the TOEFL, please arrange to have ETS send your test scores directly to INSEAD, code 0970. For PTE Academic, the relevant code for INSEAD is:22W-R2-00. As with the GMAT, a copy of your score report is sufficient for us to begin evaluating your file. Your original test score report will only be required later on during the evaluation process.

You can also demonstrate fluency in English by a degree from a university where all courses were taught exclusively in this language. If your university degree was exclusively taught in English but in a non-English speaking country, proof that the language of instruction was English must be sent with your application.

Entry language certification (If English is your native language)

For more details, please see the Languages section. If you are unable to supply certification at the time of your application, the deadline is 1st June for the September intake, and 1st November for the January intake.

Letters of Recommendation

Two professional recommendation letters are required, providing information about your leadership and management potential. As such, at least one recommendation should come from your workplace; your current supervisor or manager is usually a good choice. The other recommendation should be from someone who has had a chance to evaluate you in a professional setting, for example, a client, a former supervisor or a colleague from your community service or extracurricular activities. Academic recommendations are acceptable but they are less likely to address our main interest, which is to assess your ability to work with and manage others as well as your potential for senior management. If you feel it would add value to your application, you may also upload an optional third letter of recommendation as part of the supporting documents.

It is important to note that your recommenders can submit their online letters to us at their earliest convenience after receiving their links, and no later than 48 hours after the application deadline, to which you are applying.

Supporting documents
Your curriculum vitae can either be on a free format or follow the format of the INSEAD official CV e-book.
Please also attach scanned copies of your transcripts and diploma and any other documents you wish to share with the Admissions Team.

Official Transcripts
Your transcripts should indicate both diploma and grades achieved from each college or university that you have attended. We accept transcripts in English or French. All others must be accompanied by a certified English translation. Each transcript must bear the official seal and signature of the institution.

The transcripts need to reach the Admissions Office by the deadline. For us to start processing your application, the transcripts may be either uploaded with the application form (scanned copies) or sent to INSEAD via post by the applicant or by the academic institution directly.
The size of each of your attachments should not exceed 1 MB. If you have more documents to send, please divide your pages and upload two lighter documents instead of a single big one.

Should you be admitted to the MBA Programme, you will be asked to send your original transcripts and degree to the Admissions Office by post. Photocopies are only accepted if officially certified by a public or professional body (solicitor, embassy, town hall, etc.).

Check further details on University website

Questions about this Course

No discussions right now. Be the first one to start.

Hey, ask a question or start a discussion here

Choose your question type:

Q/A Profile evaluation Poll Interview experience

Join our Global Study Abroad community      Log in      Sign up