Program in Economic and Public Policy (PEPP), Course in Economic Policy (CEP) General Track

About PEPP-CEP General Track (Program in Economic and Public Policy, Course in Economic Policy General Track)

PEPP-CEP General Track is an 18-months master’s program, taught in English, which offers a Master of Arts in Economics degree.  PEPP-CEP General Track is best suited for international and Japanese students wishing to acquire expertise in economics, econometrics technique and cutting-edge analysis of economic issues in developing/developed countries.  Upon successful completion of all requirements of the PEPP-CEP, students will receive a degree of Master of Arts in Economics from the University of Tsukuba.

History of PEPP and PEPP-CEP

PEPP-CEP (or WBGSP or PEPPM as its predecessor) is the oldest partner program in Japan of the Joint Japan/World Bank Graduate Scholarship Program, a large scholarship program for young professionals from developing countries funded by the Government of Japan and managed by the World Bank Institute in Washington, DC. During the past twenty years, more than a hundred students from over forty developing countries have graduated from PEPPM. The University of Tsukuba PEPP is also one of many academic institutions which participate in the Asian Development Bank-Japan Scholarship Program (ADB-JSP).




In PEPP-CEP, there are two tracks: PEPP-CEP General Track and PEPP-CEP WB/ADB Scholarship Track.
PEPP-CEP General Track is open for any students. The students may be self-financed, or obtain scholarships from the Japanese government (MEXT scholarship) [Entrance Examination (Summer) only] or any other organizations.
The WB/ADB Scholarship Track is for those who succeed in obtaining scholarships from the World Bank or the Asian Development Bank. The academic program is the same for these two tracks, the only difference being the source of funding[1].
[1] Please note that, due to the difference of funding sources, the field trips and Japanese language course are not included in the program of the PEPP-CEP General Track. Students in the General Track can participate in these activities when they self-finance the cost of these activities.

Program Outline

In both PEPP-CEP General Track and WB/ADB Scholarship Track, courses are designed so that students with different backgrounds in education can master the cutting-edge knowledge of economics within our 18-months program.  With 20 years of experience managing the program, we are confident that students with different academic backgrounds eventually can learn all essential elements of modern economics.

The program starts in October with classes such as introductory macroeconomics, microeconomics, international development, statistics and research writing.  After taking those introductory courses in the fall term, the program starts to offer more advanced courses such as macroeconomics, econometrics and data management.  Then, students can take a variety of applied courses and policy oriented courses such as development economics, international trade, public economics,  applied time series, health economics and international finance.  In addition to these classes, students are also required to attend weekly research workshops, where they present the progress of their research on their respective master theses.

Students who successfully pass the oral examination of the master’s thesis and obtain 30 credits or more of mandatory courses offered in our program will be awarded a degree of Master of Arts in Economics.

Eligible Applicants of PEPP-CEP General Track

Applicants who satisfy the following three conditions can apply to the program:  (i) have obtained a Bachelor of Arts degree (or expecting to receive BA by the start of the program);  (ii) have the intellectual capacity to successfully complete our program;  and (iii) have English language ability required for a MA program.







Mext scholar (13th cohort)

Financing Your Study at PEPP-CEP General Track

There are three ways to finance your study at PEPP-CEP General Track.

  1. Self-finance:  In this case, any applicant who satisfies the above three conditions can apply to the program.
  2. MEXT (Japanese government Monbukagakusho) scholarship:  Those who are already receiving the scholarship from Japanese government (MEXT scholarship) are eligible to apply. In addition, those who are now applying for the scholarship from the Japanese government and who have a certificate of the primary selection issued by the Japanese embassies (Embassy Recommendation) can apply to our program. [Entrance Examination (Summer) only] 
  3. Scholarship from other funding sources:  Any applicants who have other scholarships are eligible to apply regardless of their nationality.

Note that if you are planning to apply to the World Bank scholarship or ADB scholarship and if you are interested in studying in PEPP-CEP, please apply to PEPP-CEP WB/ADB Scholarship Track (not the General Track). The application period of PEPP-CEP WB/ADB Scholarship Track is November-February every year.

Application Period

PEPP-CEP General Track application period is June-August and November-February(expected).

Please apply from the following webpage:


Before making your application, you are obligated to make a contact with our deputy director. For this please email your research plan and transcript to: pepp-cepgt [at] (Please replace [at] with @.)) and gain the approval of him or her on your research plan.
From among the submitted applications, we first select the candidates by examining the application documents. Those who pass the first selection will have a screening interview, which is conducted by the program faculty. Applicants who pass the screening interview will be granted the admission to the program. Those successful applicants who pass the screening in March-April will start their study in October of the same year . Those successful applicants who passes the screening in August-September will start their study in October in the next year. After 18 months of study and fulfilling all the requirements of the program, students will receive a degree of Master of Arts in Economics.


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