Alternative Perspectives in Economics - ECO00040I
Module summary
The module provides a general introduction to the main alternatives to orthodox economics, including Post Keynesianism, radical/Marxian economics, institutionalism, Sraffian economics and Austrian economics.
Related modules
Additional information
prerequisite module: Principles of Economics
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 2 2025-26 |
Module aims
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To give a wide-ranging treatment of heterodox economics covering most of the key theories
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To explain the reasoning behind heterodox economics and show how it differs from orthodox theories and methods
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To adopt a political economy approach that stresses the links between economics and other disciplines such as history, politics and sociology
Module learning outcomes
On completing the module a student will be able to:
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Distinguish and compare the various alternative schools of thought in economics
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Understand the core arguments in heterodox economics
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Critically assess the theories and ideas considered
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Go beyond the neoclassical framework when interpreting modern economies and evaluating economic policy
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Module feedback
Feedback will be provided in line with University policy
Indicative reading
Sawyer, M.C. (1989), The Challenge of Radical Political Economy, Harvester Wheatsheaf.
Stilwell, F. (2012), Political Economy: The Contest of Economic Ideas, 3rd edn, Oxford University Press.