This unit surveys historical and contemporary theories that explain sources of instability in capitalist economies - both cyclical and non-cyclical. Students will be trained to use techniques to detect cycles, trends, volatility and turning points. Students will complete a project which evaluates sources of instability, emphasizing the social, political and institutional features of an economy that may influence its severity, and discusses the challenges for policymakers to softening the ill-effects of economic downturns and create conditions for recovery.
1x2hr lecture/week, 1x1hr tutorial/week
1x1000wd Essay (25%), 1x2000wd Research project (35%), 1x1.5hr exam (30%), Tutorial participation (10%)
12 credit points at 2000 level in Political EconomyProhibitions