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This module will provide students with a critical perspective on 'grand challenges' affecting Western Capitalism and introduce them to new approaches to economics and policy.
Western Capitalism is in crisis, with falling productivity, investment and living standards, widening inequality, financial instability and the growing threat of climate change. This module will provide students with a critical perspective on these ‘grand challenges’ and introduce them to new approaches to economics and policy which challenge standard thinking.
The module will help students develop their critical thinking to make the connections between economic theory and real-world policy issues. It will include a range of different economics perspectives, including Neoclassical, post-Keynesian, ecological, evolutionary, and Marxist and institutional economics theories and how their different assumptions link to different public policies.
Rethinking Capitalism module taught in Term Two and is available to all 2nd and 3rd year students. Formal training in economics, or any other quantitative or technical skills are not required.
Module Code: BASC0037