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More Information about IEPS

International Economic and Political Studies (IEPS)

  • Programme Duration: 2 years

  • Language of Instruction: English

  • Academic Supervisor: Doc. Ing. Vladimír J. Benáček, CSc.,

  • Programme Coordinator: Mgr. Martin Riegl, Ph.D.,

  • Admission Administration:

What is the International Economic and Political Studies Master’s?

The IEPS programme offers new perspectives for students interested instudying globally interdependent economic and political dynamics by accessing knowledge and skills at a level comparable with the most prestigious universities in Europe and America. IEPS belongs to a revolutionary family of interdisciplinary Master’s of Arts studies known as PPE (Philosophy, Politics and Economics) and IPE (International Politics and Economics). The programmes earn their popularity not only due to the prestige of universities offering such comprehensive programmes, but also due to the subsequent success of their graduates in labour markets throughout the world. Find more general information on the PPE discipline here. Charles University is proud of its history lasting since 1348 and also of its current international academic prestige. Charles ranks in the 201st-300th position out of more than 12,000 internationally recognised world universities ranked by the Shanghai Global Ranking of World Universities in 2017. The academic ranking of its economics (teaching and research) is in the world´s top 100. Charles University came 5th in the popularity ranking of European universities, based on the Erasmus Programme for student exchanges.

What to expect?

IEPS is a two-year English-language Master's degree programme that is accredited by the Czech Ministry of Education. The programme investigates international political, economic and social issues from a multidisciplinary perspective predominantly through the fields of economics and political science. Through their studies, students will also be expected to explore philosophical, historical, legal and sociological aspects to master the principles of non-conventional critical thinking and cultivate the ability to make decisions within supra-national institutions, states, regional governments, corporations, firms and as individuals.

Fundamental courses consist of economics, political science and international relations, which enables students to achieve a wide range of knowledge in all three topics. Through core courses, students will gain a strong foundation of theoretical knowledge, historical background, and methodological tools required to engage in strategic analysis of the world, in which they live. IEPS students benefit in their education from the courses provided by five institutes of the Faculty of Social Sciences: economics, political science, sociology, communication and international area studies. While building a broad foundation, students are also encouraged to take account of their professional goals and utilise the Faculty’s highly varied elective courses to track towards an intended career. Click here to find detailed course outlines for the IEPS programme.

The global nature of the IEPS programme and students it attracts often provide an incentive for study abroad. Interested students can take advantage of a wide selection of international academic exchange programmes arranged with renowned universities in the EU, the United States, Canada, Latin America, Asia and Australia.

A typical week for an IEPS student might look similar: class-time divided between five lectures and two tutorials or seminars, 20-30 hours of private study, including time for course readings, essays or team research reports. But, just as importantly, free time for exercising private interests such as sports, culture, discussion and entertainment, which Prague offers in abundance. A cosmopolitan and diverse city with more than 8,000 foreign students at Charles University alone and over 8 million tourists per year, Prague certainly provides students with the ability to live actively between “gown and town”.

Career Outlook

The careers open to IEPS graduates are boundless. Due to the broad foundation of the discipline students often choose a wide range of profession paths including international organisations, financial services, business, politics, information systems, marketing, academia, social work, management consultancy and many branches of public service. Prague is ideally located in the heart of Europe for summer internships, networking and conferences, since there are many of international corporations and foreign agencies situated right in the city and offering opportunities for students looking to work and study.

Tuition fees

Tuition for the IEPS programme is 3000 EUR per semester. The tuition fee covers the attendance of courses, seminars and supervisions at Charles University without limits on the extent of attendance, examinations and participation in international exchange programmes.

The programme offers two internal fee reduction opportunities. In the first opportunity, 20% of students are eligible for a fee reductionon grounds of their academic merits by grade point average scores: the top 10% receive a waiver of 2000 EUR per semester and the next 10% a waiver of 1000 EUR. In the second opportunity those students who have fulfilled all study requirements except the master thesis seminar, thesis defence and the Final Examination, are eligible for a 90% fee reduction in the last semester of their studies, which is often in the fourth semester. Information on additional scholarships through the IEPS programme, Faculty of Social Sciences and Charles University, can be found here.

Cost Considerations

Some statistics for your deliberation: The average total cost per IEPS programme has been 9,420 EUR (excluding personal scholarships received outside of Charles University) in 2016/2017. That makes the average fee 2,355 EUR per semester. Total programme fees for the best students can potentially be as low as 5,300 EUR for the whole 2-years´ study.

Calculations should also consider the living costs for students in Prague, which are 60% lower than in London, 36% lower than in Vienna and 33% lower than in Berlin. In addition, IEPS students can take advantage of a part-time job close to their professional specialisation since Prague is a cosmopolitan city with the lowest unemployment rate in Europe and eager to employ bright-minded, English-speakers with international experience.

Study prerequisites

IEPS applicants come from a variety of undergraduate backgrounds. It is not necessary to have previously studied politics or economics. Admission may be granted to students whose previous studies were in the humanities, commerce, law, or even mathematics, technical, or natural sciences. Although a mathematics background is not formally required for admission, it is an advantage for IEPS applicants to have an aptitude for maths and statistics, especially those students who wish to specialise in economics and finance. All students must have a good command of the English language to complete all of the course requirements, including the ability to write intelligibly, absorb academic texts, create presentations and participate in adetailed discussion ofspecialised topics.


10 required classes common for all

64 credits

Elective classes in Module #1 - Economics

minimally 10 credits

Elective classes in Module #2 - Politics

minimally 10 credits

Elective classes in Module #3 - Humanities

minimally 15 credits

Required credits from all three modules

44 credits

Remaining optional courses (II)

12 credits

Master's thesis defence + Final State Examination

TOTAL CREDITS (minimal requirement)

120 credits

More detailed information about the contents of this programme can be found at https://karolinka.fsv.cuni.cz/KFSV-1000.html

Application process

Application for the IEPS programme is open year-round, but applications are recommended between January and April. Applications submitted before the 28th of February will be processed early, while the standard deadline is the 30th of April. Successful applicants will be informed by the beginning of April or June, respectively, to allow time to apply for their student visa (if required). In the academic year 2017-2018 there were admitted to IEPS 36 students from the total of 60 applicants.

The following application submissions are required either in English, Czech or Slovak. Diplomas and transcripts must be translated into English if originating from a language outside of the three approved.

Mandatory documents:

· Certified diploma of concluded studies (at least at the bachelor level).

· Transcript of their grades.

· Structuredone-page CV: personal information, education, training, employment, extracurricular experiences such as internships, international mobility, community service, competences and other evidence of intellectual curiosity and leadership capacity.

· Proof of English proficiency: TOEFL, IELTS, CAE, CPE or similar are essential for non-native English speakers only. Students with insufficient English (e.g. TOEFL scores below 76 or the IELTS band below 6, or similar levels in other tests) may be admitted on an exceptional basis. There will be required enrollment in the Intensive Advanced English course through our faculty (free of charge but done in parallel with standard programme studies), which must be concluded successfully in the first semester.

Recommended additional documents:

· Motivation letter: up to 300 words.

· Letter of recommendation: optimally from a person acquainted with the applicant´s academic skills and creativity.

Selection process

There are no entrance examinations or in-person interviews. Therefore, pay close attention to the documents submitted to the admissions committee. Your application should address essential points for admission and avoid uploading any excessive material. Applicants will be evaluated based on the submitted materials, and ranked according to the numerical scale below.

IEPS programme applicants are subject to the following admissions criteria with a maximum total potential score of 100 points:

· Rigor of previously attended institutions: international and national ranking; goodwill of its educational standards. 0-30 points.

· Academic history: grade-point average; structure of curricula (maths, economics and political science are preferred but definitely not exclusively). 0-30 points.

· Proof of English proficiency: 0-20 points (native English speakers automatically receive 20 points). Low level of English vetoes the admission.

· Additional highlights: motivation letter; letter of recommendation; extra curricular experiences and a strong CV. 0-20 points.

Applicants are ranked according to the total number of points scored within the scale (0 - 100) reflecting the revealed potential for Master’s level coursework in social and economic disciplines modelled on the studies of PPE (Philosophy, Politics and Economics). Accepted students are invited to participate in the yearly Student Orientation Programme beginning mid-September each year, and must be ready to attend classes by the end of September. Click here for the detailed Charles University academic calendar.

Personal checklist for intrigued applicants

Assess your suitability to study with the IEPS programme at Charles University:

1) You enjoy studying, working and living in an international and multicultural environment.

· The IEPS programme attracts students from all parts of the world, while Prague is traditionally, and currently, one of the most cosmopolitan cities in the world.

2) You consider education a worthwhile investment.

· You welcome the prospect of challenging readings, homework and courses, which present alternative theories and expand your present knowledge.

· You appreciate lecturers who task you with materials and projects that lift you to new horizons through demanding efforts.

3) You like participating in social events, such as those associated with culture, arts, sports and discussions.

· Hard study needs regular periods of decompression enabling you to keep fit in body and spirit through the quest for new achievements. Prague is a place for those who wish to expand their horizons and gain new experiences and perspectives through a wide range of available activities.

4) You put a high value on personal initiative, independence, improvisation and self-reliance.

· You shy away from taking a passive approach to learning, relying only on short-term memory and expected paternalism from the side of the faculty.

· We expect that the IEPS students will act as researchers as well as students in fulfilling the assignments for each course.

· You are purposeful in targeting your professional competencies in an arena of international standards for creativity and development.

5) Individual’s personality is a sign of authenticity and uniqueness; as such it should be developed and not levelled-out.

· You consider different personalities and diversity an essential component of life.

· You embrace your unique personality, ideas, style and ambitions as well as those of others, and utilise those skills to enhance your learning and the learning of your peers as well.

6) Your worldview (“weltanschauung” or the “cognitive model of society”) is consistent with the idea that humans are as much cooperative as they are competing or conflicting with one another. You understand that agents are subject to the conditions in their environment (such as incentives or institutions), as much as to their own capacities.

· IEPS is designed to fit the PPE (Philosophy, Politics and Economics) concept of education where these three disciplines interact, which involves examining processes of conflict resolution that can be quite painful for many members of the community. You must acquire skills for coping with such situations.

Bottomline: If you agree with at least 5 out of these 6 points, please consider yourself a suitable candidate for enrolling in the IEPS programme. We look forward to reviewing your application.

Short Studies Visit Programme

For students who would like to test the IEPS programme prior to enrolling in the full Master’s programme there is an option to become a provisional student through the Short Studies Visit Programme. This allows you to enrol into IEPS tentatively, starting in late September or February. Applications for the Short Studies Visit Programme are open year-round. Course credits earned in the Visiting Programme can be transferred into further studies within the IEPS or another programme within the Faculty of Social Sciences.

Scope of the Master’s in International Economic and Political Studies

What might you study?

The recently evolved character of interdependence amongst economic, political, and social actors in the world places challenging demands on the understanding of global affairs and the governance of interests and goals of the involved parties. Demands for changing societal organisation calls for new analytical skills, leadership, decision-making, and negotiating that are in high demand. The comprehensive, strategic thinking required in management within private and public sectors is gradually overtaking the previously dominant specialised analytical competences for socio-economic governance.

IEPS equips its students with the skills to tackle these issues by expanding the scope of their study through a diverse collection of theoretical methods and practical tools. Courses in politics, economics, and the humanities develop skills in policy-making, leadership and innovation in a fast-paced world. From here, the world of human co-existence that forms the horizonof your personal and professional ambitions expands through learning and putting your knowledge to practice. This skillset has served our alumni well in their post-graduate professional lives as most find a wide array of interesting and exciting career fields which are eager to integrate their expertise in the workforce.

As economic and cultural integration in the world has accelerated, the life of individuals, as well as the networks of governance of social groups, enterprises, regions and nations are dependent on the evolution of world affairs as never before. While the gap between the rich and the poor is narrowing between countries, it is widening almost everywhere within countries, leading to a corrosive concentration of wealth. Advances in new technology and artificial intelligence co-exist in parallel with poverty, ignorance, subsistence and inefficiency of the paternalistic State. The drive for worldwide openness seems to have backfired and gets challenged by calls for greater equality and national, ethnic, cultural or religious authenticity. Similarly, the practices of free, unregulated markets conflict with the expectations of social agents, which have sparked a drift towards local isolation and increasing barriers to globalisation. Civilisations are facing challenges on several fronts: unsustainable debts, inefficient economies,misguided incentives, dissatisfaction with the state of democracy, prolonged wars, visionless leaders, demagogues, negative environmental externalities and geopolitical shifts between continents. Eerie concepts such as postcapitalism, postcommunism, postdemocracy, postmodernism, social engineering, oligocracy, corporatism, supranationalism, virtualisation or subjective relativism simply imply that the present socio-political conditions of development are far from being transparent andstabilised.

Some experts speak about the era of declining Atlantic economic and political dominance. They claim that formerly developing countries now undermine the leadership of the USA, EU and Japanwhile expecting China and India to take the lead. Threats of climate change andenvironmental pollution, mass migration, unemployment, terrorism, nuclear catastrophe, and economies off the market rails–have changed mindsets about the world order and raised pressingquestions that require new solutions.  The dramatic changes occurred not only at the global level but also within national institutions and even in the structure and behaviour of families and individuals. Successful management of the new challenges we face will require enormous resources and millions of bright young minds to manage the changing social and economic processes at all levels of the human organisation.We, at IEPS, welcome you to join us in solving these problems, bringing forward new solutions and participating in a program, which is reflective of the diverse and ever-dynamic world we now live in.

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Last change: September 17, 2018 11:19 
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Important dates


  • Open day: 16. 1. 2019, 12:00 (Bachelor) and 14:00 (Master study programmes)

  • Applications open: November 2019

  • Applications for Czech Bachelor and Master study programmes: March 2019

  • Applications for Master study programmes in English: February 2019, April 2019

  • Applications for Doctoral programmes: April 2019

  • Admission proceedings: June 2019


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