This course introduces students to heterodox economics. Along with addressing core conceptual issues in defining heterodox economics, we will cover in some detail five heterodox traditions in economics: Marxian Economics, Institutional Economics, Post-Keynesian Economics, Feminist Economics, and Ecological Economics.
First part of the course (online, asynchronous): The first session will introduce students to heterodox economics, mainstream economics and neoclassical economics. The next five sessions are dedicated to one specific heterodox approach. For each of the five approaches, students will map and discuss the core theory and ideas of the approach.
Second part of the course (in person): We will discuss how each of the five schools of thought approaches or understands the climate crisis. We will do so based on student presentations as well as group discussions. During these discussions, students are encouraged to compare each heterodox approach with the others, as well as with the contemporary mainstream.
By the end of the semester, students should have a clear idea about what heterodox economics is, as well as deeper knowledge about the five schools of thought we will cover in the class. They should be able to identify the strengths and weaknesses of all discussed schools of thought, as well as those of contemporary mainstream economics.