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In 18th century Europe figures such as Adam Smith, David Ricardo, Friedrich List and Jean Baptiste Colbert developed theories regarding international trade, which either embraced free trade seeing it as a positive sum game or recommended more cautious and strategic approaches to trade seeing it as a potential danger and a rivalry and often as a zero-sum game. What about today? 2016 Level: beginner Free trade in economic theories Exploring Economics Exploring Economics This syllabus provides an overview of the content of the Philosophy of Economics course at the University of Wisconsin-Madison. 2015 Level: beginner Philosophy of Economics Dan Hausman University of Wisconsin-Madison One of the pluralist theories which has gained prominence following the 2008 financial crisis is Hyman Minsky and his Financial Instability Hypothesis (FIH). Minsky was unique in viewing balance sheets and financial flows as the primary components of capitalist economies, and his focus on the financial system meant he was well-equipped for foresee a crisis much like 2008. Although he died long before 2008 his framework anticipated many of the processes which led to the crash, particularly increased risk-taking and financial innovation which would outstrip the abilities of regulators and central banks to manage the system. 2020 Level: beginner Minsky’s Moments Cahal Moran Rethinking Economics A comprehensive account of how government deficits and debt drive inflation 2023 Level: advanced The Fiscal Theory of the Price Level John Cochrane Princeton University Press This chapter by the Centre of Economy Studies provides a map through the complex jungle of economic theories. It provides key insights and ideas for thirteen core topics in economics, organised by selecting the most relevant theoretical approaches per topic and contrasting them with each other. 2021 Level: beginner Pragmatic Pluralism Sam de Muijnck and Joris Tieleman Economy Studies Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2021 Level: beginner The Political Economy of Inequalities Jürgen Essletzbichler, Andrea Grisold, Hendrik Theine Exploring Economics Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2019 Level: advanced Karl Marx: An early post-Keynesian? Eckhart Hein Institute for International Political Economy Berlin Steve Keen analyses how mainstream economics fails when confronted with the covid-19-pandemic. Mainstream economics has propagated the dismantling of the state and the globalization of production - both of which make the crisis now so devastating. More fundamentally, mainstream economics deals with market systems, when what is needed to limit the virus’s spread is a command system. 2020 Level: beginner The Coronavirus and the End of Economics Steve Keen Exploring Economics Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: beginner Yes, Money is Endogenous. Who Cares? Cahal Moran Rethinking Economics The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy - the ‘supply-side' - through technology, demographics and capital investment. In the short run a boost in demand may increase GDP and employment due to frictions such as sticky wages, but over the long-term successive rises in demand without corresponding improvements on the supply side can only create inflation as the economy reaches capacity. In this post I will explore the alternative idea of demand-led growth, where an increase in demand can translate into long-run supply side gains. This theory is most commonly associated with post-Keynesian economics, though it has been increasingly recognised in the mainstream literature. 2020 Level: beginner It’s Demand All the Way Down Cahal Moran Rethinking Economics An essay of the writing workshop on Nigeria’s Readiness for and the Effect of the Fourth Industrial Revolution 2020 Level: advanced The Role of Women in the Fourth Industrial Revolution Damilola Phebean Owasanoye Exploring Economics If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic. 2020 Level: beginner Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching" Cahal Moran Rethinking Economics This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes. The course covers three main components of gender in economics and the economy: (1) the gendered nature of the construction and reproduction of economic theory and thought; (2) the relevance and role of gender in economic decision-making; and (3) differences in economic outcomes based on gender. We will touch on the relevance of gender and gender relations in at least each of the following topics: economic theory; the history of economic thought; human capital accumulation; labor market discrimination; macroeconomic policy, including gender budgeting; household economics; basic econometrics; economic history; and economic crises. 2019 Level: beginner Feminist Economics Alyssa Schneebaum University of Vienna This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki. 2018 Level: beginner Understanding Economic Models N. Emrah Aydinonat, Michiru Nagatsu University of Helsinki A rethinking of the way to fight global poverty and winners of the Swedish Bank Prize for Economics. 2019 Level: advanced Social Experiments to Alleviate Poverty Abhijit Banerjee, Esther Duflo, and Michael Kremer Exploring Economics This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group. 2018 Level: beginner Climate Economics and the DICE Model William D. Nordhaus and Paul Romer Exploring Economics Professor Joseph Aldy from Harvard Kennedy School gives us some insights about how economics can set the balance between policymakers, scientists, employers and citizens. 2020 Level: beginner Can Economics save the Environment? Joseph Aldy New Economic Thinking Pluralism includes mainstream economics. Our campaign for pluralism, including this series, have generally focused on ideas outside the mainstream on the basis that it gets plenty of attention already so we want to spend our time exposing people to alternatives. Nevertheless, mainstream ideas deserve some attention. On top of this, a curious feature of modern economics education is that some of the best ideas from mainstream economics are not even taught to undergraduates! During this series I will explore such ideas, starting today with the market construction technique known as ‘matching’. 2020 Level: beginner It's a match! Cahal Moran Rethinking Economics Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2020 Level: advanced Impact of FDI on economic growth: The role of country income levels and institutional strength Tamar Baiashvili, Luca Gattini European Investment Bank This is an introductory level core course in macroeconomics for those expecting to take further courses in economics. It provides a theoretical and applied approach of introductory macroeconomics, with an international perspective and applications to account for the growing importance of the global economy and the rising openness of economies. 2021 Level: advanced Introduction to Macroeconomics Jeff Powell Exploring Economics The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change. 2021 Level: beginner Theory Seminar Macro-Distribution Daniele Tavani Exploring Economics The usual background and distinctions between complexity and neoclassical economics are presented Neoclassical economics deals with perfectly rational representative agents this creates states of equilibrium On the other hand complexity economics relaxes these assumptions to deal with responsive agents in an uncertain dynamic environment this creates states of disequilibrium More … 2021 Level: beginner Foundations of complexity economics William Brian Arthur Nature Review physics This article by Rüdiger Bachmann et.al. discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. 2022 Level: advanced What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia Rüdiger Bachmann, David Baqaee, Christian Bayer, Moritz Kuhn, Andreas Löschel, Benjamin Moll, Andreas Peichl, Karen Pittel, Moritz Schularick ECONtribute.de This lecture course, which will be taught in English, will deal with gender issues in developing countries. After providing an overview of the gender differences in various aspects of welfare and economic life, the course will then tackle a number of specific issues. Level: advanced Gender and Development Stephan Klasen and Teaching Assistants Bumi Camara and Merle Kreibaum Department of Economics University of Göttingen This book investigates the continuing resonances of Atlantic slavery in the cultures and politics of human reproduction that characterize contemporary biocapitalism. 2019 Level: beginner The Afterlife of Reproductive Slavery Alys Eve Weinbaum Duke University Press The book is a collection of 51 texts by different scholars and activists, who each adds a dimension/perspective to the topics of degrowth and societal transformation. A societal transformation towards a degrowth society is dependent on a lot of ideas coming together and creating change from various starting points within a society. Therefore, the authors are quite diverse and their contributions vary from being philosophical, natural science based, economic, sociological and so forth. Some are specfiically focused on a concept and others are a more broad critique of e.g., capitalism or growth. 2015 Level: advanced Degrowth Giacomo D'Alisa, Federico Demaria, Giorgos Kallis Routledge This article explores if power dynamics in the household can be changed, and if so, how. In this context the focus is laid on government childcare policy and its various channels of possible influence. Level: beginner How can childcare policy affect intra-household power dynamics? Francesca Sanders and Nina Schubert Exploring Economics As opposed to the conventional over-simplified assumption of self-interested individuals, strong evidence points towards the presence of heterogeneous other-regarding preferences in agents. Incorporating social preferences – specifically, trust and reciprocity - and recognizing the non-constancy of these preferences across individuals can help models better represent the reality. 2019 Level: advanced A fresh perspective to economic theory: Social preferences and their impact on gender and policy Sheral Shah Exploring Economics How countries achieve long-term GDP growth is up there with the most important topics in economics. As Nobel Laureate Robert Lucas put it “the consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.” Ricardo Hausmann et al take a refreshing approach to this question in their Atlas of Economic Complexity. They argue a country’s growth depends on the complexity of its economy: it must have a diverse economy which produces a wide variety of products, including ones that cannot be produced much elsewhere. The Atlas goes into detail on exactly what complexity means, how it fits the data, and what this implies for development. Below I will offer a summary of their arguments, including some cool data visualisations. 2020 Level: beginner GDP Growth: It’s Complicated Cahal Moran Rethinking Economics What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies. 2021 Level: beginner How not to save the economy? The interplay of economics and health during the COVID-19 pandemic Vera Leuner, Navaneeth M S, Leandro Pereira Monteiro, Eduardo Lacerda Camargo Bisneto Exploring Economics This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics. 2015 Level: beginner Women, Men, & Work Karen Leppel School of Business Administration at Widener University The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. 2018 Level: advanced The Microeconomics of Complex Economies Wolfram Elsner, Torsten Heinrich, Henning Schwardt Elsevier Science

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