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The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education.
2018
Level: debutante
What economics education is missing: The real world
The course will teach students to analyze the goals, implementation, and outcomes of economic policy.
2019
Level: adelantado
Advanced Economic Policy
The last 15 years have seen extensive research into ecosystem service valuation (ESV), spurred by the Millenium Ecosystem Assessment in 2005 (Baveye, Baveye & Gowdy, 2016). Ecosystem services are defined as “the benefits people obtain from ecosystems” (Millenium Ecosystem Assessment, p.V). For example, ecosystems provide the service of sequestering carbon which helps regulate the climate. Valuation means giving ecosystems or their services a monetary price, for example researchers have estimated that the carbon sequestration services of the Mediterranean Sea is between 100 and 1500 million euros per year. The idea of ESV was a response to the overuse of natural resources and degradation of ecosystems, allegedly due to their undervaluation and exclusion from the monetary economy. ESV can be used (1) for policy decision-making, for example allocating funding to a reforestation project (2) for setting payments to people who increase ecosystem services, for example a farmer increasing the organic carbon content of their soil, and (3) for determining fees for people who degrade ecosystem services, for example a company that causes deforestation.
2021
Level: debutante
A Pluralist Perspective on Ecosystem Service Valuation Introduction
Understanding international trade is central to economics and is currently a hot political issue. It’s an area where popular perceptions of mainstream economics are low, since they have historically missed some important downsides of trade agreements, especially the hollowing out of former manufacturing hubs in the Western world. et economists have for long time had a theory of trade with an impressive amount of scientific clout behind it: the gravity trade model.
2020
Level: debutante
A Theory of Enormous Gravity
Along with addressing core conceptual issues in defining heterodox economics, we will cover in some detail five heterodox traditions in economics: Marxian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecologi-cal Economics. In the first class meeting, we discuss the structure and goals of the course, as well as the expectations and requirements from the students. In addition, we will discuss the concept of heterodoxy in economics, along with discussing the concepts and key issues in mainstream and neoclassical economics.
2020
Level: adelantado
Heterodox Economics
This text summarizes the content of the 2018 Nobel Prize winner W. Nordhaus. It is extended by some critical perspectives on this topic. The short dossier gives an overview of the most important texts we have read in the climate economics reading group.
2018
Level: debutante
Climate Economics and the DICE Model
If there’s one method economists have neglected the most, it’s qualitative research. Whereas economists favour mathematical models and statistics, qualitative research seeks to understand the world through intensive investigation of particular circumstances, which usually entails interviewing people directly about their experiences. While this may sound simple to quantitative types the style, purpose, context, and interpretation of an interview can vary widely. Because of this variety, I have written a longer post than usual on this topic rather than doing it a disservice. Having said that, examples of qualitative research in economics are sadly scant enough that it doesn’t warrant multiple posts. In this post I will introduce qualitative research in general with nods to several applications including the study of firm behaviour, race, Austrian economics, and health economics. More than usual I will utilise block quotes, which I feel is in the spirit of the topic.
2020
Level: debutante
Qualitative Methods in Economics: "You Can Observe a Lot Just by Watching"
Pluralism includes mainstream economics. Our campaign for pluralism, including this series, have generally focused on ideas outside the mainstream on the basis that it gets plenty of attention already so we want to spend our time exposing people to alternatives. Nevertheless, mainstream ideas deserve some attention. On top of this, a curious feature of modern economics education is that some of the best ideas from mainstream economics are not even taught to undergraduates! During this series I will explore such ideas, starting today with the market construction technique known as ‘matching’.
2020
Level: debutante
It's a match!
“Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses1.” This is how Lionel Robbins came to define economics in the early 1930s and there is a good chance that many of you heard a variant of this definition in your first Economics 101 lecture.
2021
Level: debutante
What is “Economics”?
The course will teach students to analyze the goals, implementation, and outcomes of economic policy.
2018
Level: adelantado
Advanced Economic Policy 2
The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics.
2019
Level: debutante
History of Economic Thought
This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets.
2019
Level: debutante
The Governance of Markets in Challenging Times: From Classic Authors to New Approaches
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
2020
Level: adelantado
Fighting Neoliberalism with Keynes & Minsky?
The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics.
2019
Level: debutante
Issues in Development Economics
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
2020
Level: adelantado
Impact of FDI on economic growth: The role of country income levels and institutional strength
Tesis Prebisch-Singer sobre la tendencia a la caída de los términos de intercambio en detrimento de los países menos desarrollados. Crítica a la teoría de las ventajas comparativas para el comercio internacional.
Level: debutante
Tesis Prebisch-Singer Caída de los términos de intercambio
After completing the module, participants should be able to have general overview on the theory of commons. They can differentiate between neoclassical, new institutional and social/critical commons theory and can use these theories to assess real life common-pool resource management and commoning pratices.
2021
Level: debutante
Future of Commons
This course is designed to provide students with an understanding of work-related gender issues and to enable students to analyze the issues using the tools of economics.
2015
Level: debutante
Women, Men, & Work
This course will fundamentally ask whether we can, or even should use the word ‘decolonising’ in our pursuit of a better economics?
2022
Level: debutante
Decolonising Economics?
The workshop introduces into the field of critical political economy and tries to identify the role of finacial markets in capitalism, the reason for financial crises and the relevance of Marx in regard to these topics.
2018
Level: debutante
Marxian Political Economy
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
2021
Level: debutante
The Political Economy of Inequalities
‘We cannot afford their peace & We cannot bear their wars’: ​​​​​​​Value, Exploitation, Profitability Crises & ‘Rectification’
2022
Level: debutante
Political Economy based on Marx
This course focus on the behaviour of individuals from an pluralist economic and an interdisciplinary bevavioural science apprach.
2020
Level: adelantado
Actors, Behaviours and Decision Processes
This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki.
2018
Level: debutante
Understanding Economic Models
Capitalism is dissolving boundaries - not only in the sense of ever-expanding global trade flows, but also in the concrete everyday working lives of individuals. What implications does this have for our understanding of freedom, work and borders?
Level: debutante
Capitalism & Boundaries
This reports presents empirical findings of research conducted by Michelle Holder, assistant professor of economics at John Jay College, City University of New York, with regard to the impact of what she terms a "double gap"- gender wage gap and ethnic minority wage gap - on the U.S. labour market.
2020
Level: adelantado
The "Double Gap" and the Bottom Line: African American Women’s Wage Gap and Corporate Profits
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
1997
Level: adelantado
Time to Ditch the NAIRU
The world is regularly shaken by crises some are bigger others are smaller in scope Local turmoil military conflicts commodity scarcity bank runs health threats the history of mankind can be written as a history of crises Three major global crises occurred in the last fifty years alone the oil …
2021
Level: debutante
Understanding Crises - What to take from here for better policy advice in the future?
Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible component of Marxism, and those who wish to continue the spirit of analysis begun by Marx without the labor theory of value.
1993
Level: perito
Use-Value, Exchange Value, and the Demise of Marx's Value Theory of Labor
The chapter by the Centre for Economy Studies introduces interdisciplinary economic subdisciplines and their importance for economics education.
2021
Level: debutante
Interdisciplinary Economics
This course will survey contemporary heterodox approaches to economic research, both from a microeconomic and a macroeconomic perspective. Topics will be treated from a general, critical, and mathematical standpoint.
2021
Level: adelantado
Heterodox Approaches to Economics
This chapter by the Centre for Economy Studies explores how courses on the history of economic thought and methods could look if they were pluralist and interdisciplinary.
2021
Level: debutante
Rethinking the History of Economic Thought & Methods

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