In order to describe the global structure of the monetary and financial system and its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions. In this talk, key speakers in economics, economic history and banking try to make this complex system a little more understandable by relying on real-world insights. 2016 Level: mittel Global Money: Past, Present, Future Perry Mehrling, Adam Tooze, Patricia Mosser, Phil Prince and Katharina Pistor (moderator) Columbia Global Thought As tax day approached, St. Francis College Economics Professors launched their first Economics Week with three days of guest speakers and student research. Randall Wray explains some basic principles of Modern Monetary Theory. 2018 Level: leicht Modern Money Theory for Beginners Randall Wray St. Francis College The main goal of this website is to make Economics less confusing. You can explore what the discipline of Economics is and could be. Learn about basic Economic terms and jargon. 2019 Level: leicht ecnmy.org - What is the Economy?   ecnmy.org There are three things one can do in this website - 1. Learn 2. Help Teach 3. Sign up MOOC. This is a semester-long graduate course in Econometrics. This course is intended for graduate students in economics-related fields and more generally in social sciences. The course includes an overview of the models and theory and applications using Stata, R, or SAS programs. This econometrics class covers about 15 of the most commonly used econometric models in economics, such as linear regression, panel data models, probit and logit models, limited dependent variable models, count data models, time series models, and many more. 2013 Level: leicht Econometrics Academy - Common Econometric Models & Statistical Software Ani Katchova Econometrics Academy New Tools of Economic Dynamics gives an introduction and overview of recently developed methods and tools, most of them developed outside economics, to deal with the qualitative analysis of economic dynamics. It reports the results of a three-year research project by a European and Latin American network on the intersection of economics with mathematical, statistical, and computational methods and techniques. 2005 Level: mittel New Tools of Economic Dynamics Jacek Leskow Springer Science & Business Media The world has changed dramatically in recent years and so has the field of economics, but many introductory economics textbooks have remained stuck in the past. This book provides a new beginning for the study of macroeconomics, fundamentally international in its approach and emphasizing current debates and research trends. 2014 Level: mittel Macroeconomics Dorman, Peter Springer-Verlag Karl William Kapp (1910-1976) was one of the forefathers of Ecological Economics. Influenced namely by the Frankfurt School, Institutionalist Economics and Pragmatist Philosophy, he contributed to debates on the social costs of production, economic planning, sustainable development and epistemology. I 2000 Level: mittel The Social Costs of Business Enterprise Karl William Kapp Spokesman Imperialism is not only about military force and political pressure applied by developed capitalist countries on less developed ones for economic gain It also has an everyday dimension Countless acts of production and consumption the current SUV boom being a prominent example draw on exploitation of resources and labour from … 2021 Level: leicht The Imperial Mode of Living Ulrich Brand, Markus Wissen Verso Books This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary. 2019 Level: schwer What’s Behind the Subprime Consumer Loan Implosion? Wolf Richter www.nakedcapitalism.com Das Paradigma der ökologischen Ökonomie (Ecological Economics) stellt einen multidisziplinärern Ansatz dar, um ein ganzheitliches Bild der wachsenden ökologischen Probleme und ihrer Verflechtungen mit der Ökonomie zu erhalten. Sie beschäftigt sich mit Ressourcenknappheit, Umweltverschmutzung, Klimawandel, Nahrungsmittelknappheit oder sozialer Ungleichheit. Hierbei werden wissenschaftliche Disziplinen wie Ökologie, Ökonomie, Physik und zunehmend auch andere Sozial- und Geisteswissenschaften (z.B. Soziologie oder Philosophie) herangezogen, mit dem Ziel, im ökonomischen Denken auch ökologische, ethische, politische, institutionelle und soziale Faktoren zu berücksichtigen. In diesem Zusammenhang werden nichtzuletzt deshalb auch wesentliche Grundannahmen der orthodoxen Ökonomie sehr kritisch betrachtet (Constanza 1989, Ayres 2008, Spash 2010). 2022 Level: leicht Ökologische Ökonomie Aistleitner und Rehberger Exploring Economics Der Fokus der Verhaltensökonomik liegt auf dem beobachtbaren Verhalten von Menschen und deren Entscheidungen. Verhaltensökonomik     Die Evolutionäre und Institutionelle Ökonomie ist ein ökonomisches Paradigma, in welchem sozialer und ökonomischer Wandel eine zentrale Bedeutung einnehmen. In dieser heterodoxen Rolle außerhalb des wirtschaftswissenschaftlichen Mainstreams sehen einige die Evolutionsökonomie als eine Teildisziplin der Wirtschaftswissenschaften, die sich mit dynamischen Aspekten wirtschaftlichen Austausches befasst; für andere stellt sie eine Revolution wirtschaftstheoretischen Denkens dar. (vgl. Berendt/Glückler: 13 f.) Die Institutionelle Ökonomie zeigt Erklärungsansätze für wirtschaftliche Prozesse auf und betont, dass diese nicht ausschließlich durch „individuelles Rationalverhalten“ geprägt werden. Die Notwendigkeit von Institutionen wird betont, da ein individuelles, rationales Verhalten zu einer negativen Beeinflussung der Gemeinschaft führen kann und somit die Lösung über Institutionen erfolgen muss. (vgl. Nee, 2005: 49 ff) 2022 Level: leicht Evolutionäre und institutionelle Ökonomie Hochmayr, Luger, Eisner Exploring Economics A review of: [1] Intermediate Microeconomics, H.R. Varian [2] Mikrooekonomie, R.S. Pindyck, D.L. Rubinfeld [3] Grundzuege der mikrooekonomischen Theorie, J. Schumann, U. Meyer, W. Stroebele 2016 Level: leicht The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook Wolfram Elsner Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Hannes Vetter hat sich in Rahmen der Schreibwerkstatt "Varieties of Mainstream Economics?" mit der Evaluation der Bewertung von Umwelt in neoklassischen Makromodellen auseinandergesetzt. Level: mittel Kritische Evaluation der Bewertung von Umwelt in neoklassischen Makromodellen Hannes Vetter Exploring Economics Der Fokus der Komplexitätsökonomik liegt auf den Interaktionen und Wechselwirkungen zwischen Individuen und Strukturen wirtschaftlicher Systeme. Diese werden als Systeme organisierter Komplexität aufgefasst. Ein besonderes Augenmerk liegt auf der Analyse von Netzwerken. Komplexitätsökonomik     This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki. 2018 Level: leicht Understanding Economic Models N. Emrah Aydinonat, Michiru Nagatsu University of Helsinki The Covid-19 pandemic has laid bare the deep structural rifts in modern capitalist economies. It has exposed and exacerbated the long-lasting systemic inequalities in income, wealth, healthcare, housing, and other aspects of economic success across a variety of dimensions including class, gender, race, regions, and nations. This workshop explores the causes of economic inequality in contemporary capitalist economies and its consequences for the economy and society in the post-pandemic reality, as well as what steps can be taken to alleviate economic inequality in the future. Drawing from a variety of theoretical and interdisciplinary insights, the workshop encourages you to reflect on your personal experiences of inequality and aims to challenge the way in which the issue is typically approached in economics. 2022 Level: leicht Inequality in the Post-pandemic Era Hanna Szymborska Summer Academy 2022 for Pluralist Economics Wie einseitig ist die Wirtschaftswissenschaft? Studienreihe der Universität Siegen. 2018 Level: mittel Wie einseitig ist die Wirtschaftswissenschaft? Ein internationaler Vergleich Elsa Egerer Universität Siegen After completing the module, participants should be able to analyse the concepts of degrowth, ecological unequal exchange, Green New Deal, and embeddedness by applying theories situated within the fields of academic research of Ecological Economics and Political Ecology. 2021 Level: leicht Political ecology, Degrowth and the Green New Deal Riccardo Mastini Summer Academy for Pluralist Economics A central question in development economics literature is, “Why do countries stay poor?” The key disagreements are whether the lack of economic growth stems from institutions or from geography (Nunn 2009). From an institutional perspective, hostile tariff regimes and commodity price dependencies form a barrier to a sectoral shift that would otherwise lead to economic development in developing countries (Blink and Dorton 2011) (Stiglitz 2006).[i] 2020 Level: leicht Trade Barriers to Development explored through various lenses Johannes M. Halkenhaeusser Pluralist Economics Fellowship Ziel dieses Seminars ist, eine Einführung in die wissenschaftstheoretischen und methodischen Grundlagen der Sozial- und Wirtschaftswissenschaften zu bieten. 2019 Level: leicht Wissenschaftstheorie und Einführung in die Methoden der Sozioökonomie Jakob Kapeller Universtät Duisburg-Essen Markets are the focus in modern economics: when they work, when they don’t and what we can or can’t do about it. There are many ways to study markets and how we do so will inevitably affect our conclusions about them, including policy recommendations which can influence governments and other major organisations. Pluralism can be a vital corrective to enacting real policies based on only one perspective and a plethora of approaches provide alternatives to the canonical view. Although they have differing implications, these approaches share the idea that we should take a historical approach, analysing markets on a case-by-case basis; and they share a faith in the power of both individuals and collectives to overcome the problems encountered when organising economic activity. 2020 Level: leicht Markets, How Do They Work? Cahal Moran Rethinking Economics This chapter discusses the role of gender in economic relations, processes, and outcomes. Gender differences in economic outcomes such as labor force participation and wages have received growing attention from economists in the last several decades – a positive and much needed development in economic thinking. 2016 Level: leicht Illuminating the role of gender in the economy Alyssa Schneebaum Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie Overview page for the collection of nobel laureateas on Exploring Economics 2020 Level: leicht Nobel memorial prize in economic sciences - A critical overview   Exploring Economics Obwohl der Begriff „der Markt“ (in der Einzahl) andauernd – sowohl in der Theorie als auch in Alltagsdiskurse – mit einer großen Selbstverständlichkeit verwendet wird, hat er eine Geschichte, die fast 100 Jahre zurückgeht. Diese Begrifflichkeit wurde erstmals in der Österreichischen Schule der Nationalökonomie, und zwar von Ludwig Mises und Friedrich Hayek, und von Ordoliberalen wie Walter Eucken oder Wilhelm Röpke entwickelt. 2015 Level: mittel „Der Markt“ und seine Politische Ökonomie Walter Otto Ötsch und Stephan Pühringer Working Paper Serie der Cusanus Hochschule In der Lehrveranstaltung „Plurale Feministischen Ökonomie“ erhalten die Studierenden einen Einblick in die unterschiedlichen Debatten innerhalb der Feministischen Ökonomie, die von der Subsistenztheorie bis hin zur Queer Economics reichen, und lernen die wissenschaftstheoretischen, normativen und methodischen Hintergründe kennen. 2021 Level: leicht Plurale Feministische Ökonomie Ulrike Knobloch Universität Vechta In this essay the author outlines the basis for embracing a post-work agenda, rooted in an emancipatory potential from the domination of waged work, which could help answer both feminist and ecological concerns with work. 2018 Level: leicht Towards a post-work future: a necessary agenda to reconcile feminist & ecological concerns with work Emilie Tricarico Exploring Economics Manuel Schulz hat sich im Rahmen der Schreibwerkstatt "Varieties of Mainstream Economics?" kritisch mit dem normativen Selbstverständnis der Verhaltensökonomik auseinandergesetzt. Level: leicht Humanisierung der Ökonomie oder Ökonomisierung der Humanität? Zur normativen Verortung der Verhaltensökonomik Manuel Schulz Exploring Economics How do people make decisions? There is a class of models in psychology which seek to answer this question but have received scant attention in economics despite some clear empirical successes. In a previous post I discussed one of these, Decision by Sampling, and this post will look at another: the so-called Fast and Frugal heuristics pioneered by the German psychologist Gerd Gigerenzer. Here the individual seeks out sufficient information to make a reasonable decision. They are ‘fast’ because they do not require massive computational effort to make a decision so can be done in seconds, and they are ‘frugal’ because they use as little information as possible to make the decision effectively. 2020 Level: leicht Bounded Rationality: the Case of ‘Fast and Frugal’ Heuristics Cahal Moran Rethinking Economics 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. 2020 Level: leicht A Time for Precaution Cahal Moran Rethinking Economics 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: mittel Introduction to Macroeconomics Jeff Powell Exploring Economics