ECC4710

Post-Keynesian economics

(BUS)

Mr Mike White

7 points + Two 1.5 hour seminars per week + First semester + Clayton

Synopsis: Topics include Keynes' aggregate demand and supply analysis and critique of automatic adjustment in the economy; the significance of an endogenous money supply for inflation; Minsky's analysis of credit, speculation and financial instability; consumption and saving; the national saving debate; investment and income distribution; labour markets, the Phillips Curve and hysteresis.

Assessment: Written (5000-word essay): 40% + Examination (3 hours): 60%