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Unit of study_

Capital and Dynamics - ECOS3019

Year - 2018

Fundamental to the theory of value, income distribution and output is a coherent treatment of the concept of capital. The definition and measurement of 'capital' is essential to the explanation of relative prices, and hence integral to any explanation of distributive shares in national income. It is also indispensable to a proper understanding of debates over the theory of output. The aim of the unit is to provide a comprehensive account of the different approaches to capital theory (e.g. in traditional aggregative neoclassical theory, general equilibrium theory and classical/Sraffian inspired models) and to highlight their significance for different views about value, distribution and output. This account necessarily involves some focus on the intersection of capital theory and the theory of dynamics as it applies to multi-sectoral/multi-commodity models, including growth theory, the dynamics of inter-industry competition, the analysis of technological progress and the intertemporal dynamics of production in the context of exhaustible natural resources.

Classes
1x2hr lecture/week, 1x1hr tutorial/week

Assessment
2x in-class tests (40%) and 2hr Final exam (60%)

Pre-requisites

(ECOS2001 or ECOS2901) and (ECOS2002 or ECOS2902)

Prohibitions

ECOS3001

Details

Faculty: Arts and Social Sciences

Semester 1

05 Mar 2018

Department/School: Economics
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Mar 2018
Unit of study level: Senior
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? No
Location
Camperdown
Courses that offer this unit

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