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|ECON 254 - FUNDAMENTALS OF POLITICAL ECONOMICS|
Political economy focuses on how a capitalist society works emphasizing class and power. We will study the underlying foundation of modern (principally U.S.) capitalism. Conventional economic thinking stresses market relationships, harmony of interests between buyers and sellers, and the attainment of a stable equilibrium. By contrast, central to political economy is understanding social and economic change. The dynamic forces are power relationships, contradictory tensions--especially between employers and employees--and the resolution of conflict. Course goals are to help you: (1) explore approaches to economic thinking that is out of the mainstream. More particularly, to explore a modern loosely defined heterodox school called "Political Economy" inspired by three principal intellectual traditions: Thorstein Veblen, Karl Marx, and Post-Keynesianism; (2) develop your skills to read and interpret an article and defend your views in class discussion; (3) enhance your computer and on-line skills through a class treated discussion group (WebCT); and (4) enhance your capacity for critical thinking about the status-quo that is captured by Veblen's insight "whatever is, is wrong".
0.000 TO 4.000 Credit hours
0.000 TO 4.000 Lecture hours
Schedule Types: Lecture
Must be enrolled in one of the following Levels:
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