Alternative Economic Theories ((3 Credits))

Catalog description

This course will introduce students to non-mainstream ideas in economics. Students will learn to challenge and critique established thinking and methodology in economics and examine alternative approaches. Heterodox theory will be covered and used to analyze a number of themes of recent and contemporary interest, including the debate on austerity, the origin of financial crises, the crisis in the Eurozone and inequality. Heterodox approaches examined will include: post-Keynesian, ecological, feminist, institutional and behavioral economics. Students will also gain an introduction to development economics. The course will also examine the moral and social aspects of economic policy decisions. A further objective is to enable students to apply their knowledge from the course to assess current economic issues. The course satisfies economics skills in BME guidelines. This course is offered for our International Education program students. Prerequisites: Macroeconomics ECON 2015 .