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Academic Year 2005/2006


Macroeconomics for a Complex World
ECON 345 FA

This course will provide an introduction to Post Keynesian macroeconomic theory. Topics will include: Complexity, uncertainty, unit roots, process analysis, endogenous money, exogenous interest rates, core inflation, wages and prices, international liquidity, exchange rate determination and international payments in open economics.

MAJOR READINGS

B. Moore, SHAKING THE INVISIBLE HAND: COMPLEXITY, ENDOGENOUS MONEY AND EXOGENOUS INTEREST RATES (mimeo)
M. Waldrup, COMPLEXITY (paper)
J.M. Keynes, GENERAL THEORY OF EMPLOYMENT, INTEREST, AND MONEY (paper)
B. Moore, HORIZONTALISTS & VERTICALISTS (mimeo)
P. Davidson, POST KEYNESIAN MACRO THEORY (paper)

EXAMINATIONS AND ASSIGNMENTS

Term research paper, class presentations. Grade will be based on performance in class (25%), class presentations (25%), and a term paper (50%).

ADDITIONAL REQUIREMENTS and/or COMMENTS

Students with a strong background in math and/or physics may enroll in this course without having taken ECON 302. Prerequisite overrides will be signed during preregistration by the economics department chair for such students.

COURSE FORMAT: Lecture/Discussion

REGISTRATION INFORMATION

Level: UGRD    Credit: 1    Gen Ed Area Dept: SBS ECON    Grading Mode: Student Option   

Prerequisites: ECON302 Links to Web Resources For This Course.

Last Updated on MAR-30-2006


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