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Debates in Economic Theory A21/22
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DEBATES IN ECONOMIC THEORY (15PECH033) Revision Lecture Zoom link (Tuesday, 26 April, 2:00 – 4:00pm UK time)
Netiquette Economics
AS1 - 15th August 2022 Essay (Micro) Resubmission
AS1
Term 1 coursework AS1 (MICRO essay) guide
AS2 - 15th August 2022 Essay (Macro) Resubmission
AS2
Inflation targeting
New Keynesians vs Post-Keynesians
Term 3 revision
DEBATES IN ECONOMIC THEORY (15PECH033) Revision Lecture Zoom link (Tuesday, 26 April, 2:00 – 4:00pm UK time) (copy)
PAST EXAM PAPER FOR 15PECH033 Debates in Economic Theory - May-June 2021
Powerpoint slides used in Term 3 Revision session for MICROECONOMICS topics (Dr Satoshi Miyamura)
Macro Exam Revision
Recording of Term 3 revision session (Tuesday, 26 April, 2:00 – 4:00pm UK time)
Padlet for Term 3 exam revision
Working Digitally BLE/ Moodle site
Week 1 - The nature and role of the market in microeconomics
Recording of Debates in Economic Theory A21/22 Term 1 Week 1 Lecture
Powerpoint slides for Lecture 1
Debate Micro - note w1 - overview
Nicholson and Snyder (2015) Microeconomic theory : basic principles and extensions [ebook]
Fine 2016 - ch 1
Sawyer MC 1993 - The Nature and Role of Markets
Miyamura, Satoshi (2020) 'Are We All Rational, Optimising Agents?' (Ch.2)
Recording of Debates in Economic Theory A21/22 Term 1 Week 2 Seminar
Differentiation - An interactive website
Test yourself - Online quizzes
Derivatives: Interactive Graph
Week 2 - Consumption and market demand
Recording of Debates in Economic Theory A21/22 Term 1 Week 2 Lecture
Powerpoint slides for Lecture 2
Debate Micro - note w2 - demand
Nicholson and Snyder (2015) Microeconomic theory : basic principles and extensions [ebook]
Fine 2016 - ch 2
Recording of Debates in Economic Theory A21/22 Term 1 Week 3 Seminar
Powerpoint slides for Seminar 2
Week 3 - Production and market supply
Powerpoint slides for Pre-recorded video
Recording of Debates in Economic Theory A21/22 Term 1 Week 3 Lecture
Powerpoint slides for Lecture 3
Debate Micro - note w3 - supply
Recording of Debates in Economic Theory A21/22 Term 1 Week 4 Seminar
Fine 2016 - ch 3 supply
Moseley F 2015 - marginal productivity theory in microeconomics
Nicholson and Snyder (2015) Microeconomic theory : basic principles and extensions [ebook]
Week 4 - Theories of efficiency
Powerpoint slides for the Pre-recorded video
Recording of Debates in Economic Theory A21/22 Term 1 Week 4 Lecture
Powerpoint slides for Lecture 4
Debate Micro - note w4 - efficiency
Debate Micro - exercises
Recording of Term 1 Week 5 Seminar
Bowles S 1985 - labor extraction - aer v75 n1
Lazonick 2010 - Chandlerian corporation
Leibenstein H 1966 - x efficiency
Leibenstein H 1978 - x efficiency
Shapiro C and J Stiglitz 1984 - labor discipline - aer v74 n3
Stigler G 1976 - x-efficiency
Week 5 - Theories of competition
Powerpoint slides for the Pre-recorded video 1
Powerpoint slides for the Pre-recorded video 2
Recording of Lecture 5
Powerpoint slides used in Lecture 5
Debate Micro - note w5 - competition
Recording of Week 7 Seminar
Baumol W 1982 - contestable markets
Baumol W 1983 et al - contestable market
Shepherd WG 1984 - contestability
Teece D 2008 - dynamic and static competition
Sawyer MC 1989 - RPE ch5 competition
Tsoulfidis L. (2015). Contending Conceptions of Competition and the Role of Regulating Capital.
Week 6 - Reading Week
Midterm feedback
Week 7 - Macroeconomic history and contemporary macro debates
Lecture 7.1. Introduction - Key concepts and macroeconomic history
Lecture 7.2. US economic history and GDP
Lecture Slides 7.1. Introduction. Key concepts and macroeconomic history
Lecture Slides 7.2 US economic history & GDP
Debates Seminar Recording [Week 7]
Seminar (Possible) Answers - Week 7. GDP and wellbeing
Cohn (2007) Reintroducing Macroeconomics: a Critical Approach. Chapter 7
Arestis-Sawyer (2010) What monetary policy after the crisis
Blanchard-Johnson (2013) GDP-employment-inflation
Blanchard-Summers (2017) Rethinking stabilisation policy
The CORE Project (2016) The Great Depression, Golden Age and Crisis
Addison et al (2020) COVID-19-Macroconomic dimensions in the developing world
Epstein (2019) The institutional empirical and policy limitations of MMT
Fukuda-Parr et al (2013) Heterodox macroeconomics meets feminist perspectives
Gnan et al (2018) Monetary policy after the crisis
Nersisyan-Wray (2016) MMT and the facts of experience
Palley (2019) Central bank independence
Week 8 - Keynes and the Neoclassical Synthesis
Lecture 8.1. Keynes vs the (Neo)Classics [Pre-recorded]
Lecture 8.2. The Neoclassical Synthesis and the IS-LM [Recorded]
Lecture Slides 8.1. Keynes vs the (Neo)Classics.pdf
Lecture 8.2. The neoclassical synthesis and the IS-LM model
Blanchard and Johnson (2013) Chapters 3-5 & 8
Snowdon-Vade (2005) Modern macroconomics-Chapters 2 and 3 (apart from 3.5)
Davidson (2006) Keynes and money
Foley (2014) Varieties of Keynesianism
Keynes (1936) General Theory, ch. 19
Keynes (1937) The General Theory of Employment
Leijonhufvud (1969) Keynes and the Classics
Palley (2017) The General Theory at 80
Phillips (1958) The relation between unemployment and nominal wages
Skidelsky (2018) Money and government, ch. 3 & 5
Week 9 - The evolution of macroeconomic thinking since the 1970s
Lecture 9.1. The evolution of macroeconomic thinking since the 1970s. Part 1 [Pre-recorded]
Lecture 9.2. The evolution of macroeconomic thinking since the 1970s. Part 2 [Recording]
Lecture Slides 9.1. The evolution of macroeconomic thinking since the 1970s. Part 1. Monetarism, New Classical Economics, RBC
Lecture Slides 9.2. The evolution of macroeconomic thinking since the 1970s. Part 2. New Keynesian Economics, New Neoclassical Synthesis, Post-Keynesianism
Seminar Recording
Seminar Q&A WEEK 9
Arestis (1996) Post Keynesian economics towards coherence
Snowdon-Vade (2005) Modern macroconomics-Chapter 4 (apart from 4.4), Chapter 5, Chapter 6 (up to 6.12) and Chapter 7 (up to 7.7)
Epstein-Schor (1990) Macropolicy in the rise and fall of the Golden Age
Hands (2017) Conundrums of the representative agent
Friedman (1977) Inflation and unemployment
Kirman (1992) Representative individual
Skidelsky (2018) Money and government, ch. 7
Romer (1993) The New Keynesian Synthesis
Wren-Lewis (2016) Unravelling the New Classical counter revolution
Week 10 - Fiscal and monetary policies - Theoretical perspectives and contemporary issues
Lecture 10.1. Fiscal Policy [Pre-recorded]
Lecture 10.2. Monetary Policy [Lecture Recording]
Lecture slides Lecture 10.1. Fiscal Policy
Lecture slides Lecture 10.2. Monetary Policy
Seminar week 10
Seminar Recording Week 10 (Date: 15 Dec)
Arestis-Sawyer (2010) The return of fiscal policy
Bank of England (1999) The transmission mechanism of monetary policy
Bayoumi et al (2014) Monetary policy in the new normal
Blanchard-Johnson (2013) Macroeconomics-pp. 495-501
Arestis-Sawyer (2010) What monetary policy after the crisis
Bank of England (2012) The distributional effects of asset purchases
Comert-Epstein (2011) Inflation targeting in South Africa
Goodhart (2011) The changing role of central banks
Mishkin (2013) Central banking after the crisis
Mishkin-Eakins (2012) Inflation targeting
Week 11 - Macroeconomic paradoxes
Lecture 11.1. Macroeconomic Paradoxes - [Pre-recorded]
Lecture 11.1. Macroeconomic Paradoxes - Continued [Pre-recorded]
Lecture 11.2. Macroeconomic Paradoxes Part 2 [Lecture Recording]
Lecture Slides 11.1. Macroeconomic Paradoxes. Part 1
Lecture Slides 11.2. Macroeconomic Paradoxes. Part 2
Lavoie (2014) Macroeconomic paradoxes
Kalecki (1969) The mechanisms of the business upswing
Kitromilides (2011) Deficit reduction
Wray (2011) Minsky crisis
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15PECH033-A21/22 Debates in Economic Theory A21/22
Page type
:
Module
Study year
:
2021/22
Skill Level
:
Beginner
