New Perspectives in Economics ((4 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 in a comprehensive assessment of a major current economic issue. Assessment will be through a substantial written assignment. This course is offered for our International Education program students. Prerequisites: Macroeconomics ( ECON 2015 ).