Courses Bachelor Display 2020-2021

Course Description To PDF
Course title Structural Change and Economic Dynamics
Course code EBC2174
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
5 12-4-2021 28-5-2021 X X
Level no level
Coordinator Bart Verspagen
For more information: b.verspagen@maastrichtuniversity.nl
Language of instruction English
Goals
This course aims to introduce students to theories of economic change that are not based on equilibrium. It provides an introduction into heterodox perspectives on the economy, for example from the post-Keynesian and evolutionary economics schools of thought. This will provide students with an enriched understanding of the phenomena of business cycles, economic growth and income distribution.
Description
Change is at the heart of how economies evolve. New products and sectors arise all the time by innovations introduced by consumers and producers, and we see alternating periods of growth and stagnation. The distribution of income constantly evolves, with recent trends in the direction of more inequality. In this course, we look at a number of theoretical frameworks, and their application, that take this change as the heart of their explanation of how the economy works. These perspectives are usually referred to as outside of the mainstream, or heterodox. We cover post-Keynesian theories of business cycles, growth, and distribution, and the theory of evolutionary economics. The topics that these perspectives are applied to are macroeconomics, growth theory, trade theory, and monetary economics.
Literature
Reader
Prerequisites
Introductory knowledge about macroeconomics, for example as in EBC1018 (Macroeconomics)
Keywords
Teaching methods PBL / Presentation / Lecture
Assessment methods Written Exam / Assignment
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
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Bachelor Econometrics and Operations Research Year 3 Elective Course(s)
Bachelor Fiscal Economics Year 3 Elective Course(s)