Graduate School of EconomicsWaseda University

About the School

Educational Policy, History, School Overview

History and Philosophy

The origin of the School of Political Science and Economics, which is the parent body of the Graduate School of Economics, goes back to the Department of Political Science and Economics, established when Waseda University was founded as the Tokyo Senmon Gakko (College) in 1882. The present-day Graduate School of Economics was inaugurated as a new graduate school in 1951 under a new education system that subsumed the graduate schools of the old education system. The graduate school offers two courses: the Economics Course and the Global Political Economy Course. The mission of the Graduate School of Economics is to contribute to society, not only by engaging and aiding in research that contributes to the development of the frontiers of economics, which is constantly making advances, but also by cultivating human resources in tune with the expansion of learning.

Purpose Concerning the Cultivation of Human Resources and Purpose in Educational Research

The Graduate School of Economics has two significant goals: to train researchers and to create highly skilled professionals. We have continuously improved the program by introducing research supervision by multiple faculty members in addition to individual supervision and giving incentives to report at academic conferences and related events. As a result, the number of students obtaining a doctoral degree in the study of economics has dramatically increased in recent years, and the School has achieved excellent results in its efforts to train researchers. An English-based degree program, along with a September-admission system, have been introduced, which makes it possible for students to obtain a degree entirely in English on a schedule that is convenient to them. In addition to that, a five-year Doctoral Program was established so that more intensive coursework could be provided. This allows students to benefit from consistent research guidance throughout the master’s program and the Doctoral program.

Furthermore, a program for highly skilled professionals—the “Empirical Analysis Program (EAP)”—which offers a curriculum focused on empirical research and data analysis, was established in 2015. This program aims to create experts in quantitative analysis who can respond to a wide variety of social needs.

Waseda University’s Graduate School of Economics continues to make reforms wherever necessary, aiming to provide educational opportunities that meet a far-ranging set of social needs and to enhance the achievement of research results that conform to global standards. We will continue to cultivate those who wish to play an active role on the world’s economic stage as economic researchers and skilled professionals with a deep knowledge of and cutting-edge techniques in economics.

Diploma Policy

In accordance with the university’s policy of fostering human resources who possess “intellectual resilience” and “flexible sensitivity,” and can contribute to making the society and the world a better place, the Graduate School of Economics confers degrees on those who obtain a wide range of basic knowledge and methodology in economics (Master’s Program), acquire in-depth expertise and analytical methods in economics and/or econometrics at a level that enables them to write a doctoral dissertation with high academic value that is recognized both domestically and internationally (Doctoral Program), develop the research skills expected of independent researchers or the superior techniques demanded of highly skilled professionals, and are capable of contributing to society using their research skills and techniques while collaborating with diverse people. Especially, in the process of assessment of a master’s thesis or doctoral dissertation, one particularly important criterion is whether the student can conduct research with the strictest ethics and greatest responsibility.

The aim of the Master’s Program in Economics Course is to provide specialized knowledge in economic theory and econometrics, proficiency in empirical analysis, the ability to analyze data that can be readily applied in the real world, the opportunity to master the items specified in the master’s thesis examination criteria, and acquire an international perspective.

The aim of the Master’s Program in Global Political Economy Course is to provide specialized knowledge in economic theory, econometrics and the field of political science, proficiency in empirical analysis, the ability to analyze data that can be readily applied in the real world, the opportunity to master the items specified in the master’s thesis examination criteria, and acquire an international perspective.

The aim of the Doctoral Program in Economics Course is to provide in-depth knowledge and analytical methods in economic theory and/or econometrics at a level that enables students to write a doctoral dissertation with high academic value that is recognized both domestically and internationally, the opportunity to master the items specified in the doctoral dissertation examination criteria, produce research achievements with high academic value in the field of economics, and acquire an international perspective.

The aim of the Doctoral Program in Global Political Economy Course is to provide in-depth knowledge and analytical methods in economic theory and/or econometrics and the field of political science, at a level that enables students to write a doctoral dissertation with high academic value that is recognized both domestically and internationally, the opportunity to master the items specified in the doctoral dissertation examination criteria, produce research achievements with high academic value in the field of economics, and acquire an international perspective.

<Learning Outcomes Based on Diploma Policy>
1. Master’s Program
◆ The student has acquired specialized knowledge in economic theory and econometrics  (in case of the Global Political Economy course, also in the field of political science).
◆ The student has mastered the items specified in the master’s thesis examination criteria in their own field of study.
◆ The student has developed the ability to analyze data in a way that can be readily applied to society, and the skills to verbalize and model new problems, propose solutions and explain them logically (problem finding and solving skills).
◆ The student has acquired “intellectual resilience” and “flexible sensitivity”, and has developed an attitude that enables them to work together with diverse people in order to solve problems in the world (internationality).

2. Doctoral Program
◆ The student has acquired in-depth specialized knowledge  and analytical methods in economic theory and/or econometrics (in case of the Global Political Economy course, also in the field of political science) at a level that enables them to write a doctoral dissertation of high academic value that is both recognized domestically and internationally.
◆ The student has mastered the items specified in the doctoral dissertation examination criteria in their own field of study.
◆ The student has developed the ability to analyze data in a way that exceeds society’s expectations, and the skills to verbalize and model new problems, propose solutions and explain them logically (problem finding and solving skills).
◆ The student has acquired “intellectual resilience” and “flexible sensitivity”, and has developed an attitude that enables them to work together with diverse people in order to solve problems in the world (internationality).

Curriculum Policy

In order to analyze economic and social issues accurately, and propose appropriate solutions, the Graduate School of Economics’ curriculum, which is based upon the philosophy that considers rigorous thought supported by economic theory as indispensable, advances from basic theory to application and specialization. Through the study of microeconomics, macroeconomics, statistics, econometrics, and economic history, students will acquire extensive knowledge of the fundamentals and methodologies of economics. This will enable them to develop into independent researchers and highly skilled professionals. In both the master’s and doctoral programs, lectures and research guidance are available to both Japanese and non-Japanese speakers without discrimination. Students are expected to acquire specialized knowledge and skills in an environment that is always open to diversity.

In the Master’s Program in Economics Course, students are required to be enrolled for a period of 2 years or more and take microeconomics, macroeconomics, statistics and econometrics, and economic history as compulsory courses. Students will put their expertise to practical use through research guidance (taking research guidance conducted by supervisor is required) and write a master’s thesis based on the acquisition.

In accordance with their research topics and future plans, students will also acquire relevant knowledge through common basic courses, optional courses, and courses offered by other graduate schools and other universities. Furthermore, the Economics Course is divided into two specializations, “Specialization in Economics” and “Specialization in Economic History” to accommodate the diverse research needs of students. In this course, students are required to earn at least 32 credits that counted toward their completion requirements. As the main learning outcomes, in the first year of the master’s program, students are expected to acquire specialized knowledge in economic theory and econometrics based on substantial compulsory courses and coursework, and to become proficient in empirical analysis. By the end of the second year of the master’s program, students are expected to acquire the ability to analyze data that can be readily applied in the real world through research guidance, master the items specified in the master’s thesis examination criteria, and acquire an international perspective through participation in classes and discussions with people from various backgrounds.

In the Master’s Program in Global Political Economy Course, students are required to be enrolled for a period of 2 years or more and take research methods in political science, microeconomics, macroeconomics, statistics and econometrics as compulsory courses. In addition, students can deepen their research by taking common basic courses, core courses, and optional courses. Furthermore, research guidance will be provided by multiple faculty members affiliated with the Graduate Schools of Political Science and the Graduate Schools of Economics. The course’s curriculum is designed to foster students’ ability to analyze and comprehend the inseparable fields of political science and economics from an international perspective, and to examine and envision viable policies from a normative perspective. In this course, students are required to earn at least 32 credits that counted toward their completion requirements. As for the main learning outcomes, in the first year of the master’s program, students are expected to acquire specialized knowledge in economic theory, econometrics and political science based on substantial compulsory courses and coursework, and to become proficient in empirical analysis. By the end of the second year of the master’s program, students are expected to acquire the ability to analyze data that can be readily applied in the real world through research guidance, master the items specified in the master’s thesis examination criteria, and acquire international perspective through participation in classes and discussions with people from various backgrounds.

The Doctoral Program in Economics Course has two specializations as the Master’s Program in Economics CourseThe Doctoral Program’s close collaboration with the Master’s Program is designed, and its research guidance system is established to correspond to the diversity, interdisciplinarity and deepening of research. The supervisor and subadvisor system lies at the core of education in the Doctoral Program. Under the supervision of the research advisors, students are required to be enrolled for at least 3 years or more. Taking 3 years as approximate benchmark, they are expected to acquire in-depth expertise and analytical methods in economics and/or econometrics through research guidance, master the items specified in the doctoral dissertation examination criteria, and acquire an international perspective through regular research meetings, discussions, and conference presentations with people from various backgrounds. They are also expected to write a doctoral dissertation with high academic value that can be recognized domestically and internationally. Specifically, the doctoral dissertation should consist of at least three papers published in a peer-reviewed journal, in order to prove that students meet the minimum standard of the dissertation writing skills required by the Graduate School of Economics. Eventually, the doctoral degree will be conferred on those who received research guidance, wrote the doctoral dissertation, and passed the dissertation reviews.

The Doctoral Program in Global Political Economy Course’s close collaboration with the Master’s Program and the field of political science is designed, and its research guidance system is established to correspond to the diversity, interdisciplinarity and deepening of research. The supervisor and subadvisor system lies at the core of education in the Doctoral Program. Under the supervision of the research advisors, students are required to be enrolled for a period of 3 years or more. Taking 3 years as approximate benchmark, they are expected to acquire in-depth expertise and analytical methods in economics and/or econometrics and the field of political science through research guidance, master the items specified in the doctoral dissertation examination criteria, and international perspective through regular research meetings, discussions, and conference presentations with people from various backgrounds. They are also expected to write a doctoral dissertation with high academic value that can be recognized domestically and internationally. Specifically, the doctoral dissertation should consist of at least three papers published in a peer-reviewed journal, in order to prove that students meet the minimum standard of the dissertation writing skills required by the Graduate School of Economics. Eventually, the doctoral degree will be conferred on those who received research guidance, wrote the doctoral dissertation, and passed the dissertation reviews.

Admissions Policy

The Graduate School of Economics conducts entrance examinations based on the principle of selecting students who possess not only an interest in political, economic, and social issues in the real world and their historical developments, but also a commitment to the theoretical elucidation of these issues.

The Master’s Program in Economics Course expects students to understand the importance of logical thinking and to be eager to master the methods of mathematical and statistical analysis. Politics and economics are intricately intertwined in many of today’s social issues, and the fundamental solutions to them cannot be proposed without collaboration between political science and economics. The Master’s Program in Global Political Economy Course expects students to have an interest in the interlinked fields of political science and economics, which pertains to governments, international organizations, international relations and economic relations between nations, and to be eager to extensively utilize the knowledge of economics and political science to provide logical explanations and solutions for existing problems in these fields.

To determine whether a student is suitable for their desired course, their language score reports, academic background verification forms, personal statement, and transcripts from undergraduate school will be examined and an examination testing their essential knowledge of economics will be conducted. The Graduate School Steering Committee will make the final decision on whether to admit the applicant. As there is no difference in the essential knowledge required at the time of admission between the Economics Course and Global Political Economy Course, the entrance examination format is the same for both courses. The knowledge and skills required for each course can be obtained by digesting the curriculum after admission.

The Doctoral Program in Economics Course emphasizes cultivating researchers who can make international academic contributions in economic theory and/or econometrics, and the Doctoral Program in Global Political Economy Course emphasizes cultivating researchers who can make international academic contributions in the field of political science in addition. Therefore, particular emphasis is placed on the fundamental academic skills necessary to write a dissertation in a specialized field, as well as intellectual curiosity, inquisitiveness, and persistence necessary to discover a research topic and write a dissertation. The fundamental academic skills include logical thinking, mathematical and statistical thinking, and language skills.

To determine whether applicants for the doctoral programs have the aforementioned skills, each applicant’s language score reports, master’s thesis, and research plan will be reviewed and an oral examination by several faculty members will be conducted. The Graduate School Steering Committee will make the final decision on whether to admit the applicant.

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