Introduction to Macroeconomics: Pluralist and Interactive

Franz Prante, Alessandro Bramucci, Eckhard Hein, Achim Truger
https://eng.mgwk.de, 2022
Level: leicht
Perspektive: Postkeynesianismus
Thema: Makroökonomik
Format: Lehrmaterial
Link: https://eng.mgwk.de

Desciption

The book provides an excellent comparative perspective on New Keynesian "New Consensus" economics and Post-Keynesian Economics at a beginner level. It also offers an interactive tool to understand how the economic models work, especially from a heterodox / pluralist perspective. Bachelor and masters' students of economics can highly benefit from this content in terms of having a paradigmatic outlook on economic theories and deepening their understanding of alternative economic models.

Comment from our editors:

This online, open-access book is an outcome of a project at Institute for International Political Economy (IPE) Berlin of the Berlin School of Economics and Law. The authors are professors and research associates at the IPE Berlin who have oriented in their teaching a pluralist approach on economics and have research experience especially in Post-Keynesian economics.

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This material has been suggested and edited by:

Zeynep Nettekoven
Tags: interaction | macroeconomics | open access | plurale Ökonomik
Macroeconomics 101 by the Pan African Feminist Political Economy Collective NAWI explains in an accessible way, why macroeconomics matters in our daily lives. 2024 Level: leicht Macroeconomics 101 Agazit Abate NAWI Collective Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions between entities are called flows and the value of the assets/liabilities they hold are called stocks. Wages are a flow; bank deposits are a stock, and confusing the two directly is a category error. In this edition of the pluralist showcase I will first describe the logic of SFC models – which is worth exploring in depth – before discussing empirical calibration and applications of the models. Warning that there is a little more maths in this post than usual (i.e. some), but you should be able to skip those parts and still easily get the picture. 2020 Level: leicht Stock Flow Consistent Macroeconomics Cahal Moran Rethinking 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: mittel Karl Marx: An early post-Keynesian? Eckhart Hein Institute for International Political Economy Berlin Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money". 2020 Level: mittel Japanification, Quantitative Easing, money creation and Re-Igniting the U.S. Economy Richard Werner, Joe Weisenthal & Tracy Alloway Odd Lots Podcast

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Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

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