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

The Graduate School of Economics confers master’s degree on students who obtain a wide range of basic knowledge in economics and methodology and who develop the research skills expected of independent researchers or the superior techniques demanded of highly skilled professionals. In the process of assessment of a master’s thesis or doctoral dissertation, one particularly important criterion is whether the student concerned can conduct research with the strictest ethics and greatest responsibility.

To obtain a master’s degree, students are required to be enrolled for a period of 2 years, acquire at least 32 credits from lecture courses, partake in Research Guidance seminars, and achieve a passing grade on their master’s thesis.

To obtain a doctoral degree, students are required to be enrolled for a period of 3 or more years. Students must receive designated Research Guidance and achieve a passing grade on their doctoral dissertation, as well as pass the final examination. A doctoral thesis must be composed of 3 or more papers published in peer-reviewed journals. (There are some special exceptions.)

Curriculum Policy

The curriculum, which advances from basic knowledge through applicable mastering of concepts taught in the Graduate School of Economics, reflects the School’s principle that precise and detailed intellectual consideration based upon a thorough knowledge of economic theory is indispensable to the accurate analysis of economic and social issues and to the discovery of appropriate solutions. The Economics Course of the Master’s Program requires students to undertake (i) coursework (Approaches to Economic History being a requirement for the research area of Economic History, and Microeconomics I, Macroeconomics I, and courses related to statistics and econometrics being requirements for other research areas), (ii) Research Guidance (a seminar course by a supervisor being a requirement) to build up a strong foundation of technical knowledge, and (iii) the writing of a master’s thesis based upon the work that has been done. Students also expand their knowledge base beyond their specialization by taking common basic courses, elective courses, and/or courses audited at other graduate schools or universities to correspond with their own themes and plans. In addition, the Graduate School of Economics has adopted a research guidance system in six different research areas to support students in their research into any of a rich variety of topics.

For the Global Political Economy Course, the two courses of Political Methodology, experimental and normative, as well as Microeconomics I, Macroeconomics I, and courses related to statistics and econometrics are basic requirements. Students are also permitted to take core courses, common basic courses, and elective courses in a combination of their own choosing. The supervision of research is conducted under the auspices of a joint research guidance system in which more than one professor from the Graduate Schools of Political Science and of Economics can supervise a student’s research. The Graduate School of Economics provides students with a curriculum that will develop in them the ability to discuss and design appropriate policies from a prescriptive standpoint, while analyzing and understanding the inseparable link between politics and economics from an international perspective.

The Doctoral Program offers six research areas that correspond to those of the Master’s Program. This allows the fostering of close cooperation between the courses of the Master’s Program and those of the Doctoral Program, offering students the benefits of supervised research that corresponds to their own specializations. The core of the Doctoral Program is a system involving supervisors and subadvisors working in coordinated fashion with their students.

Admissions Policy

The Graduate School of Economics conducts admissions with a view to selecting students who are interested not only in real issues of politics, economics, society, and the historical roots thereof, but also in examining such issues from a theoretical viewpoint. Students are expected to understand the importance of logical thinking and to be willing to proactively challenge the mathematical and statistical methodologies that are central to economic theory.

Today, politics and economics are recognized as being intricately related to each other in many of the most significant social issues of the day, making it difficult to achieve a fundamental resolution without a combination of Political Science and Economics. The Graduate School of Economics welcomes students who are interested in any field exhibiting a mutual relationship between political and economic concerns, such as government, national institutions, and international relationships, and who wish to examine—and find solutions for—various issues in the field, taking full advantage of both Economics and Political Science.

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