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Alternative Perspectives in Economics - ECO00040I

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. William Jackson
  • Credit value: 20 credits
  • Credit level: I
  • Academic year of delivery: 2024-25
    • See module specification for other years: 2023-24

Module summary

The module provides a general introduction to the main alternatives to orthodox economics, including Post Keynesianism, radical/Marxian economics, institutionalism, Sraffian economics and Austrian economics.

Related modules

Pre-requisite modules

Co-requisite modules

  • None

Prohibited combinations

  • None

Additional information

prerequisite module: Principles of Economics

Module will run

Occurrence Teaching period
A Semester 2 2024-25

Module aims

  • To give a wide-ranging treatment of heterodox economics covering most of the key theories

  • To explain the reasoning behind heterodox economics and show how it differs from orthodox theories and methods

  • To adopt a political economy approach that stresses the links between economics and other disciplines such as history, politics and sociology

Module learning outcomes

On completing the module a student will be able to:

  • Distinguish and compare the various alternative schools of thought in economics

  • Understand the core arguments in heterodox economics

  • Critically assess the theories and ideas considered

  • Go beyond the neoclassical framework when interpreting modern economies and evaluating economic policy

Assessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Closed exam : Alternative Perspectives in Economics		 3 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Closed exam : Alternative Perspectives in Economics		 3 hours 100

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Sawyer, M.C. (1989), The Challenge of Radical Political Economy, Harvester Wheatsheaf.

Stilwell, F. (2012), Political Economy: The Contest of Economic Ideas, 3rd edn, Oxford University Press.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.