Academic Programme

All students will take a course entitled A Global History of Contending Economic Thoughts and Paradigms.

Like many other courses in economics this course consists of a microeconomic and macroeconomic component. However, it takes a unique approach in that the microeconomic component is based on a selection of Nobel prize winners while the macroeconomic component takes a historical perspective. Furthermore, the microeconomics and macroeconomics are complemented by a philosophical analysis of democratic capitalist institutions that underpin many economic systems. This rare combination of microeconomics, macroeconomics and philosophy should make this a course of equal interest, both to those with a knowledge of economics and those with little or no background.

Philosophical Reflections on Democratic Capitalism

This part of the course will use key philosophical thinkers and texts in the Western tradition to explore the intellectual roots, justifications and criticisms of democratic capitalism as a form of political economy. The course will aim to stimulate reflection on the ethical and political significance of democratic capitalism, and consider the relationship of such reflection to economic theory. 

The Nobel Prize Winners

This part of the course provides students with fundamental insights into microeconomic analysis by studying a selection of Nobel Prize winners in economics. Each lecture outlines a key theoretical insight developed by the Nobel Prize winners studied. To provide students with a more rounded perspective, the course also provides some background into the Nobel prize winners themselves (including their life story, motivations, and their times). 

Macroeconomics and its economic, political and social factors

This part of the course provides students with fundamental insights within macroeconomic theory by emphasising its historical development. It expands on the critique of main macroeconomic theories and on issues regarding policy prescriptions. The course also explores the current content of textbooks on macroeconomics and their shortfalls. 

 

To view more information on this course please view the course syllabus

 

In addition to the academic course there will be a series of weekly evening lectures covering topics on Cambridge research or general interest.

 

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