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Electives on the MPhil in Technology Policy

Students on the MPhil in Technology Policy choose six electives:

  • two "sectorial & skills" electives
  • two "enterprise stream" electives (focusing on the public or private sector)
  • two "open" electives (drawn from either the "sectorial/skills" or "enterprise stream" lists, or from a select list of other electives)

Students on the MPhil in Technology Policy programme choose two electives from the following sector-specific and skills-based electives:

Strategic Valuation: Uncertainty & Real Options in System Design

This course introduces you to the real options paradigm as a project design and evaluation tool. This paradigm emphasises the value of flexibility in project design and appraisal. For example, a small plant with an expansion option as opposed to building a big plant from the start gives the project manager the flexibility to expand if demand is high, without committing to high capacity a priori, thus avoiding "white elephants". Thus, flexibility has value. Flexibility also, however, costs money. So how much flexibility shall we build into the system? This course gives you a mindset and a suite of tools to tackle such problems. We expect you to be familiar with probability and statistics at the level of an introductory undergraduate course.

Electricity & Environment

This course provides a firm foundation in modern electricity policy with an emphasis on the UK, introducing you to a wide variety of mature and emergent electricity generation technologies and exposing you to the local, regional and global environmental effects of energy use. The course also introduces the key considerations on the pathway towards a fully decarbonised electricity system.

Negotiation Skills

The course equips you with negotiation and strategic skills relevant to high technology organisations, such as negotiations relevant to technology startups (e.g. between investors and firm founders), within the firm (e.g. between management and labour), between firms (as occurs in the building of industrial consortia), and those between firms, government agencies and other stakeholders from civil society. Strategic issues covered include situations of conflict and cooperation under a range of assumptions about timing of actions and the kind of knowledge available to decision makers. We cover bilateral and multilateral negotiations across a range of contexts including cross-cultural and multi-national settings. The course takes the form of a series of workshops based around simulated negotiations that gives you the opportunity to practice and improve your negotiation techniques and strategies.

Students on the MPhil in Technology Policy programme choose two electives from our enterprise stream (focusing on the public or private sector):

Circular Economy: Entrepreneurial Environment & Policy Implications

This module addresses the role of scientific and technological knowledge in advanced economies, the role of universities in modern innovation systems, and their policy implications. Themes addressed in the course include how science and technology are funded; the mechanisms that govern the generation, diffusion and application of knowledge in the economy; how science and technology create value; the economic contribution of universities, and the role they play in the open innovation strategies of firms.

This course examines: the functions of research organisations within national, regional and sectoral systems of innovation; the dynamics of high-tech entrepreneurship in the science base; the rationale for public policy intervention in this domain; and the process of policy development, impact-generation and evaluation linked to public research activities.

Managing the Innovation Process

This course provides an overview of the innovation process and delves into the steps required to create systemic innovation. The course introduces an over-arching framework through which we can better understand all of the factors involved, see how they interact and diagnose areas of concern. The course then delves deeper into the specific components of the innovation process. The course is taught through a series of readings, case studies and experiential exercises.

Competitive Strategy in the Digital Age: Platform Markets, Network Effects & the New Rules of Strategy 

In this course you learn how technologies and platforms are developed and leveraged by firms to attain competitive advantage. The course also examines various other challenges that firms currently face including monetisation of online communities, overcoming strategic advantages provided by winner-take-all networks, multi-sided markets, direct and indirect network effects, role of complementors and much more. We discuss real-life cases of a range of industries. Through the application of analytical tools and frameworks in a wide variety of situations you'll become familiar with the various situations in which managers have to craft strategies and the process that they follow to do it.

You must also choose two open electives in consultation with the Technology Policy faculty. These can be selected from the other two elective lists on this webpage or, alternatively, from other selected courses offered by Cambridge Judge Business School and the Department of Engineering.

The following is a sample of such courses that students have recently taken:

  • Management of Technology
  • Policy, Legislation & Government
  • Resilience & Hazard Mitigation in Future Cities
  • Sustainable Development
  • Accounting & Finance
  • Organisations & Strategic Innovation

Please note that the specific content of the programme varies from year to year.

Apply now

Admisssion deadline: 16 Jun 2020
However we recommend you apply before December if you wish to be considered for funding.

Cambridge Trusts funding deadlines:

  • 9 Oct for Gates US applicants
  • 3 Dec for applicants from all other countries


Fees & scholarships

Programme cost: £30,222

Visit the Graduate Admissions website to learn about course costs, your fee status and more. Please note that in addition to the University Composition Fee there is a £1,000 charge to cover the costs of the orientation week, stakeholder engagement activities and an educational visit to Brussels or another European country.

There are a range of scholarships available to MPhil students at Cambridge Judge Business School.

Visit the MPhil Scholarships webpage

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Alumnus Ed Klinger explains what made him choose the Cambridge MPhil in Technology Policy.

Watch the video