|ECON1024||Principles of Macroeconomics: Critical Perspectives||3 ch (3C) [W]|
This course is an alternative introduction to macroeconomics. As in ECON 1023, the standard 'neoclassical’ model is presented and explained. While this model has long been criticized by heterodox economists – those in other schools of thought than the neoclassical school – there was until recently a consensus within the neoclassical school itself. The 2007 financial meltdown, and the subsequent Great Recession, has changed that. This course exposes students to the ongoing debates, their historical roots, and their political implications. Students with credit in ECON 1002, or ECON 1023 or ECON 1073 may not take this course for credit.