Economics and Politics Carnegie Mellon University

Overview

The Economics and Politics programme at Carnegie Mellon University provides a rigorous interdisciplinary framework for understanding how political decision-making shapes global and domestic economic landscapes. Students examine the complex relationship between institutional structures and fiscal outcomes to master the design and evaluation of modern economic policy.

This major is delivered as a joint initiative between the Carnegie Mellon Institute for Strategy & Technology and the Undergraduate Economics Program. By combining these two fields, the curriculum addresses how political systems resolve disagreements regarding resource distribution and how international organisations use economic statecraft to achieve strategic goals.

Why Economics and Politics at Carnegie Mellon University?

The institution offers a unique vantage point through its expertise in national security, emerging technology, and grand strategy. Students benefit from a curriculum that views economic policy as a vital tool of statecraft, exploring how multilateral bodies like the World Bank and IMF exercise influence on the global stage.

Teaching at the university emphasises practical application, using simulation exercises and policy briefings to mirror real-world decision-making scenarios. The programme also offers a distinctive opportunity to participate in the Washington Semester Program, allowing students to gain direct experience in the heart of American policymaking.

Facilities and research centres at the university support a data-driven approach to social science. Students are encouraged to engage in great debates, developing the civility and critical thinking skills required to navigate the tradeoffs inherent in contemporary international relations and economic governance.

Tuition Fee Breakdown

• International fee: USD 67020 per year
• National fee: USD 67020 per year
• Local fee: USD 67020 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

Modules may include:

• Economics and Data Science
• Econometrics I
• Political Science
• Decision Processes in American Political Institutions
• International Relations
• Comparative Politics
• Writing for Political Science and Policy
• Research Design for Political Science
• International Trade and Trade Policy
• International Macroeconomics and Finance
• Health Economics
• Political Economy
• Financial Crises and Risk

Careers with Economics and Politics

Graduates are prepared for diverse professional paths within government agencies, international organisations, and the private sector. The analytical skills developed during the programme are highly valued in roles involving policy analysis, economic forecasting, and strategic business consulting.

Many alumni pursue careers in law, lobbying, or public administration, where they apply their understanding of political institutions to economic challenges. The programme also provides a strong foundation for those interested in working with multilateral institutions such as the IMF or within the diplomatic service.