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Unit of study_

ECOS3031: Heterodox Perspectives on Macroeconomics

2022 unit information

The unit provides an introduction to heterodox approaches to macroeconomics. This entails a fundamental departure from mainstream (i.e. marginalist) theoretical foundations. Lectures begin with the implications of a modern classical/Sraffian perpectives for the theory of value and distribution, including the explanation of the real wage and the rate of interest. This necessarily points to the celebrated capital-theoretic critique of traditional approaches to the theory of output and employment. Lectures proceed to alternative (demand-led) perspectives on growth, including discussion of modern Kaleckian and multi-commodity models, as well as heterodox views on macroeconomic policy.

Unit details and rules

Managing faculty or University school:

Economics

Code ECOS3031
Academic unit Economics
Credit points 6
Prerequisites:
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(ECOS2001 or ECOS2901) and (ECOS2002 or ECOS2902 )
Corequisites:
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None
Prohibitions:
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None
Assumed knowledge:
? 
None

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

  • LO1. Demonstrate openness to new ways of thinking and appreciate the importance of intellectual curiosity and reflection as the foundation for continuous learning
  • LO2. Critically evaluate underlying theories, concepts, assumptions, limitations and arguments in economics; exercise critical judgement and critical thinking to create new modes of understanding
  • LO3. Develop coherent arguments when recommending solutions and critically evaluating theories in economics

Unit availability

This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.

The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.

There are no availabilities for this year.
Session MoA ?  Location Outline ? 
Semester 2 2021
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney
Semester 2 2022
Normal day Remote

Modes of attendance (MoA)

This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.