Undergraduate, Postgraduate - UnitECC4710 - Post-Keynesian economics

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Offered	Not offered in 2012
Coordinator(s)	Dr Mike White

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; credit, speculation and financial instability; the national saving debate; investment and income distribution; the Phillips Curve and hysteresis.

Outcomes

The learning goals associated with this unit are to:

be familiar with the Post Keynesian framework of the economy, which draws on the work of J M Keynes and M Kalecki
have a clear understanding of how the framework can be used to analyse a number of policy issues in Australia, including monetary policy, the roles of investment and saving, government budgetary strategies and income policies
be able to critically analyse the framework through written work.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Michael White

Contact hours

3 hours per week