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Detailed Information

Programs of Study

The Graduate Program in International Political Economy and Development (IPED) is internationally known for its academic excellence. This excellence is achieved through a unique and innovative interdisciplinary approach to analyzing contemporary global economic relations as well as international development issues. The program is a twelve-course curriculum designed primarily for future and present professionals involved with international economic issues as financial analysts, economists, policy analysts, and program administrators. The IPED curriculum begins by providing a rigorous graduate-level foundation in economic, political, and quantitative analysis. Building on this solid foundation, the curriculum then offers an advanced interdisciplinary study of global economic relations and international development issues. Students can complete their professional training in the IPED Master of Arts (M.A.) curriculum with specializations in international banking and finance, international development studies, international economics, or international policy analysis. As a capstone experience, students must pass a comprehensive examination. A full-time student can complete the program in three semesters. Part-time students can complete the program in two years, including two summers.

The M.A. program also provides important practical training. Students must complete an approved internship with an international organization in the business, government, or nonprofit sector if they do not already possess relevant professional experience. The IPED program sponsors a number of internships, both in the United States and abroad, as well as an emerging markets travel program. On a competitive basis, the Graduate Program also offers several international travel scholarships, overseas language immersion study awards, and internship fellowships.

As part of their twelve M.A. courses, IPED students may also fulfill the requirements for two Advanced Certificates: one in Emerging Markets and Country Risk Analysis and the other in Financial Econometrics and Data Analysis. These certificates are also open to qualified visiting students from other universities as well as currently employed professionals. IPED students who wish to strengthen their financial analysis skills may take an additional five courses in the Business School and earn an Advanced Certificate in International Business and Finance.

Two dual-degree programs are offered: IPED students may pursue a second M.A. in economics and Fordham Law students may pursue the IPED M.A.

Research Facilities

Fordham University supports academic and scientific research with exceptional resources that include sophisticated computer facilities and state-of-the-art laboratories. The combined libraries of the University contain more than 1.8 million bound volumes and more than 15,500 periodicals and serials. The 240,000-square-foot William D. Walsh Family Library, one of the most technologically advanced academic libraries in the world, is an open-stack library that seats 1,600 readers. The Law School library and the Gerald Quinn Library Lincoln Center may also be used by Fordham students. In addition to the University libraries, graduate students may use the New York Public Library system, and they also have access to the libraries of the City University of New York, Columbia University, the New School, and New York University.

Financial Aid

Each year, the Graduate Program in International Political Economy and Development offers a number of fellowships. In addition to regular fellowships, there are specialized fellowships that enable the recruitment of an extremely talented and diverse student body. For example, Ricci Fellowships ensure that individuals who are actively involved in international affairs, usually from the UN diplomatic community, are enrolled; Global Markets Assistantships attract highly qualified individuals interested in the analysis of international commercial and financial markets; Public Service Assistantships are available for U.S. citizens with international experience who wish to pursue a career with the U.S. federal government; and Arrupe Fellowships attract very promising students who want to pursue a career with a nonprofit international relief and development organization. The program also participates in the U.S. Peace Corps Fellows/U.S.A. Program. Once enrolled in the IPED program, students become eligible for additional scholarships that help them prepare for the job market by gaining overseas experience (International Peace and Development Scholarships, Emerging Markets Travel Program), enhancing their language proficiency (Language Immersion Study Awards), or interning with a specially selected organization (Intern Fellowships). Educational Loans are also available for most students.

Cost of Study

Tuition for the 2009–10 academic year is $1190 per credit. Annual general fees are $268.

Living and Housing Costs

Rental costs for single students living in University apartments range from $8650 to $9860 per year. Shared rental units range from $700 to $1000 per month in the immediate off-campus neighborhood. An up-to-date rental database is maintained by the Office of the Associate Dean.

Student Group

The IPED program has an entering class of approximately 25 students each year from diverse backgrounds who share a common enthusiasm for international and development issues. About 40 percent of the students come from Africa, Asia, Eastern Europe, and Latin America.

Student Outcomes

Approximately half of the program’s alumni are employed in the business sector, usually as analysts in the financial services industry with firms such as JP Morgan Chase and Ernst & Young. About a quarter work in the public sector as economists, analysts, or managers at agencies ranging from the U.S. International Trade Administration to the United Nations Children’s Fund (UNICEF). About 15 percent work in the nonprofit sector, usually as project managers with organizations such as Catholic Relief Services and Freedom House. On average over the last five years, more than 20 percent of the program’s graduates have won distinguished awards, ranging from Fulbrights and Soros Foundation Scholarships to U.S. Presidential Management Fellowships.

Location

The program’s New York City location is ideal for anyone who wishes to be at the center of the world economy. New York City exposes students to the best the world has to offer in art, culture, and business and has the highly diversified atmosphere of a truly international city. Professors draw upon the resources of the city to enrich their courses.

The University

Fordham is a university in the Jesuit tradition. Founded in 1841, it is governed as an institution under a charter granted by the State of New York. The IPED program is offered through the Graduate School of Arts and Sciences. Founded in 1916, it carries on Fordham’s oldest academic tradition, the education of talented men and women in the liberal arts and sciences, at the postgraduate level.

Applying

Admission to the program is very selective. Students are chosen from among the top 50 percent of applicants to U.S. graduate programs. Fellowship recipients are selected from among the top 15 percent of applicants to U.S. graduate schools. All applicants must have the equivalent of a U.S. bachelor’s degree with a B or better average and must submit a statement of purpose, the general aptitude scores of the GRE, transcripts of all previous undergraduate and graduate course work, and three letters of recommendation. International applicants must also submit TOEFL scores. Applicants who do not wish to be considered for University financial aid may substitute LSAT scores or GMAT scores in place of the GRE. These individuals are still eligible for financial aid in the form of loans. There are additional admission materials required for some of the fellowship programs. Admission is for fall entrance only. To guarantee full consideration, the Graduate Admissions Office must receive students’ complete applications by January 4 if aid is also applied for and by April 1 for applications without aid as well as those for Ricci Fellowships.

The Faculty and Their Research

• All of the faculty members in the program are full-time, and all have doctorates from prominent universities. The faculty members are not only distinguished by their research and consultancy work, but also by their personal interest in mentoring and teaching the students. To complement the faculty, up to 2 visiting lecturers who are practitioners in their fields also teach each year.
• Economists
• Robert Brent, Professor; Ph.D., Manchester (U.K.). Project evaluation, taxation and development, tax reform, health evaluations and developing countries.
• Michael Buckley, Senior Lecturer of Economics and Finance, Ph.D., Wayne State (Michigan). Global financial markets, financial analysis, financial consulting.
• Mary Burke, Senior Lecturer of Economics; Ph.D., Fordham. Banking, management consulting.
• Mary Beth Combs, Associate Professor; Ph.D., Iowa. Economic rights of women, economic history.
• Ralf Hepp, Assistant Professor; Ph.D., California, Santa Cruz. International finance, open macroeconomics.
• Baybars Karacaovali, Assistant Professor; Ph.D., Maryland, College Park. International trade, international political economy.
• Subha Mani, Assistant Professor, Ph.D., USC. Microeconomics of development, microfinance, health, education, demography, applied econometrics.
• Darryl L. McLeod, Associate Professor; Ph.D., Berkeley. Consultant to the World Bank, Inter-American Development Bank, the Organization of American States, and Lehman Brothers Emerging Markets Group. Development economics, stabilization and developing countries, poverty and income distribution in Latin America and Asia.
• Sophie Mitra, Assistant Professor; Ph.D., Paris. Sustainable development, agricultural economics, and labor.
• Erick Rengifo, Assistant Professor, Ph.D., Louvain (Belgium). Financial economics, financial econometrics, risk management.
• Dominick Salvatore, Distinguished Professor; Ph.D., CUNY Graduate Center. Consultant to UN. Fulbright Awardee (Europe). Commercial policies and trade protectionism, international trade and economic development, international and European monetary systems.
• Henry M. Schwalbenberg, Associate Professor and Director of the Graduate Program in International Political Economy and Development; Ph.D., Columbia. Political economy of trade and development, Southeast Asia and the Pacific economies, North-South capital flows.
• Troy Tassier, Assistant Professor; Ph.D., Iowa. Microeconomics, public policy, economics of networks, complex systems, epidemics and development.
• Booi Themeli, Senior Lecturer of Economics and Director of the Africa Rising Project; M.Comm., Rhodes (South Africa); Ph.D., Fordham. Rockefeller Fellow, Fulbright Fellow, Mandela Fellow. Privatization and development, the economies of Sub-Saharan Africa.
• Political Scientists
• Bruce E. Andrews, Associate Professor; Ph.D., Harvard. Political economy of the world system, interpretation of foreign policy, theories of international politics.
• Susan A. Berger, Associate Professor; Ph.D., Columbia. Political economy of development, comparative politics, political economy of Latin America and the Caribbean.
• Jonathan Crystal, Associate Professor; Ph.D., Harvard. Political economy of direct foreign investment.
• John P. Entelis, Professor; Ph.D., NYU. Comparative politics, political risk analysis, political economy of the Middle East and North Africa.
• Melissa Labonte, Assistant Professor, Ph.D., Brown. Comparative politics, post-conflict peace building, human rights, West Africa.
• Joachim Rennstich, Assistant Professor, Ph.D., Indiana Bloomington. International politics, technology and political change.
• Sociologists and Anthropologists
• O. Hugo Benavides, Assistant Professor of Anthropology; Ph.D., CUNY Graduate Center. Ethnographic research in Ecuador.
• Evelyn L. Bush, Assistant Professor; Ph.D., Cornell. Social movements and transnational politics, sociology of religion, human rights.
• Donald F. Heisel, Research Director, Center for Migration Studies; Ph.D., Wisconsin. International migration, population, and social-economic development.
• Historians
• Michael Latham, Associate Professor; Ph.D., UCLA. Diplomatic history, the Kennedy administration and the Alliance for Progress.
• Hector Lindo-Fuentes, Professor; Ph.D., Chicago. Economic history, nineteenth- and twentieth-century Latin America.
• Visiting Lecturers
• Arancha Garcia de Soto, Helen Hamlyn Senior Fellow, Institute of International Humanitarian Affairs, Ph.D., Salamanca (Spain). Complex emergencies and humanitarian assistance.
• William Seltzer, Senior Research Scholar and Chair of the American Statistical Association’s Committee on Professional Ethics; B.A., Chicago. Consultant, UN International Criminal Tribunal for Rwanda (1996); Director of the UN Statistics Division (1986–94); Chief of Demographic and Social Statistics, UN Statistics Division (1974–86). Demographic measurement, statistical organization and policy, the interface between human rights and population data systems, the promotion of ethical standards in demographic and statistical work.

Correspondence and Information

Fordham University
International Political Economy and Development Program
Bronx, New York 10458
Telephone: 718-817-4064
Email: iped@fordham.edu