This unit of study examines the economic theory that emerged with the formation and development of capitalism. It explores the key theoretical focuses of political economy, classical, neo-classical and general equilibrium theories, before proceeding to analyze the economics of Keynes and post-Keynesian theory, and reflecting on contemporary macroeconomic debates, including production, the distribution of income and economic growth.
2x1hr lectures/week, 1x1hr tutorial/week
1x1500wd Essay (40%), 1x2hr exam (40%), 1x500wd Tutorial presentation (10%), Tutorial participation (10%)
12 credit points at 1000 level in Political EconomyProhibitions