This course introduces students to heterodox economics. Along with addressing core conceptual issues in defining heterodox economics, we will cover in detail six heterodox traditions in economics: Marxian Economics, Austrian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecological Economics. In the first class meeting, we will discuss the concept of heterodoxy in economics, along with discussing the concepts and key issues in mainstream, neoclassical, and heterodox economics.

By the end of the semester, students should have a clear idea about what heterodox economics is, as well as deeper knowledge about the six schools of thought we will cover as a group. They should be able to identify the strengths and weaknesses of all discussed schools of thought, as well as those of contemporary mainstream economics.

Attendance and participation are a very important part of the class – 25% of the grade. Students are thus strongly encouraged to come to class prepared (having read the assigned paper) and ready to discuss. Students may miss one class without penalty, but each additional class missed will result in the loss of five points

In the first half of the semester, the instructor will lecture on different aspects of heterodox economics, bringing in discussion, exercises, videos, and other learning materials. In the second portion of the class, there will be group presentations on the individual schools of economic thought. Presentations should not exceed 30 minutes, leaving 30 minutes for class discussion afterwards. At the end of the semester, students will write a final paper, either alone, or in groups of up to three people. Final papers should draw upon the literature assigned in the class, and any additional readings they would find useful.

There are three portions to students’ grades: class participation (25%), a group presentation (25%), and an individual or group paper (you get to choose!) (40%).

Grading rubric:

1: 90+ points

2: 75-89 points

3: 60-74 points

4: 50-59 points

5: 0-49 points

General understanding of the history of economic thought.

alyssa.schneebaum@wu.ac.at