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Unit of study_

ECOP2011: Economic Theories of Capitalism

This unit is designed to extend your understanding of the workings of the evolving capitalist economy. You will do this by critically engaging with economic theory which will deepen your knowledge of different schools of economic thought introduced to you in ECOP1001. This critical engagement will enable you to evaluate the fundamental economic features of capitalism such as: the role of markets in social provisioning and capital accumulation; class and inequality; the workings of money and finance; the nexus between unemployment and inflation; the tension between economic growth and the environment; and innovation and technological change.

Code ECOP2011
Academic unit Political Economy
Credit points 6
Prerequisites:
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12 credit points at 1000 level in Political Economy
Corequisites:
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None
Prohibitions:
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ECOP2001

At the completion of this unit, you should be able to:

  • LO1. understand the conceptual underpinnings of the relevant theories
  • LO2. understand their limitations and the reasons for disagreement within economics
  • LO3. understand the political and historical context of the theories
  • LO4. formulate and express well-grounded views about the workings of the capitalist economy and theories about it.