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- Level Foundation
- Duration 41 hours
- Course by Erasmus University Rotterdam
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Offered by
About
Wondering why economists have not predicted serious financial crises? Shocked by economic assumptions of human behavior as self-centered and focusing only on what can be measured? Asking yourself if there are no sensible economic alternatives to free markets? Then you are at the right place to learn economics! This is the first online course that teaches economics from a pluralist perspective. Economic pluralism means that a plurality of theoretical and methodological viewpoints is regarded as valuable in itself and is simply the best way in which economics can make progress in understanding the world. This MOOC will illustrate economic pluralism not only in substance but also in form. You will see not only me, a Professor of Economics, but also a pop-up Prof of our business school, who illustrates the actor perspective of firms, government and civil society. And you will meet an online student, based in Greece, who will help you through the tutorial videos in which I will explain key concepts, tools and techniques. I will not limit myself to the dominant theory, as almost every other course does. Instead, I will introduce you to four very different economic theories for the whole set of standard topics in microeconomics and macroeconomics. The theories are presented every time from broad and more interdisciplinary to narrow and more mathematical. The four theories that I like to introduce you to are Social Economics, Institutional Economics, Post Keynesian economics and, at the very end of each topic, Neoclassical Economics, for the special case of ideally functioning markets. But not everything is different in this course. Like every economics course, it includes numbers, diagrams, tables, equations, and some calculations. Why would you go through the effort of learning the basics of four theories instead of one? Because it will help you to see why many economists cannot predict crises, whereas others can see signals but are often not being listened to because they do not belong to the dominant school of thought. It will also enable you to see that it is just one theory claiming economic agents to be self-centered and focusing on the measurable only. Other economic theories go well beyond these limitations. And, finally, the pluralist approach will provide you with policy alternatives to neoliberalist policies promoting free markets. The objective of this course is twofold. First, to enable you to understand different economic viewpoints, linked to important traditions in economic thought, and basic economic concepts belonging to these theoretical perspectives. Second, to enable you to do some basic economic calculations that are important in economic life, such as calculating an inflation rate, and in economic policies, such as estimating the rough gains from trade for both trading partners, and in economic arguments, such as in calculating utility maximization with given prices and budgets. Please note that if you do all course elements, total course load is likely to be 4 ECT (approx. 134 hours). I hope you will enjoy the course!Modules
Introduction
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2
Videos
2
Videos
- Introduction to the MOOC
- Economics as a Science
Tutorial
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1
Videos
1
Videos
- What is Meant by Utility Maximisation?
Quiz
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1
Assignment
1
Assignment
- Test Your Knowledge about Economics
Individuals and households
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3
Videos
3
Videos
- Concepts of Individuals and Households
- Social and Institutional Economics of Individuals and Households
- Neoclassical Economics of Individuals and Households
Consumption
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2
Videos
2
Videos
- Three Theories of Consumption
- Neoclassical Theory of Consumption
Tutorials
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4
Videos
4
Videos
- How Does Household Bargaining Work in Institutional Economics?
- How to Calculate the Price Elasticity of Demand?
- How to Calculate Utility Maximization?
- How to Derive the Individual Demand Function?
Pop Up Professor
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2
Videos
2
Videos
- What about the Organization of Communities?
- What about Gender?
Quizzes
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2
Assignment
2
Assignment
- Test Your Knowledge about Individuals, Households and Consumers
- Graded MC Quiz about Week 1 & 2
Firms
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3
Videos
3
Videos
- General Overview of Firms
- Post Keynesian Theory of the Firm
- Neoclassical Theory of the Firm
Markets
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2
Videos
2
Videos
- Types of Markets
- Market Failures
Tutorials
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6
Videos
6
Videos
- How to Calculate the Profit Rate?
- How to Calculate the Growth of the Firm in Post Keynesian Economics?
- What is the Profit Rate in Post Keynesian Economics?
- How many Workers should a Firm hire to Maximize Profit?
- How to Calculate Profit in Neoclassical Economics?
- What are the Key Differences between Types of Markets?
Pop Up Professor
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2
Videos
2
Videos
- What about the Organization of the Market?
- What about Markets, Consumption and Production?
Quizzes
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1
PeerReview
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1
Assignment
1
Assignment
- Test Your Knowledge about Firms and Markets
1
Peer Review
- Essay on Micro Economics
The State
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2
Videos
2
Videos
- The State
- Public Goods and Commons
Tutorial
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1
Videos
1
Videos
- How Can we Find the Optimal Tax Rate?
Pop Up Professor
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2
Videos
2
Videos
- What about the Organization of the State?
- What about Water and Sanitation?
Quizzes
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2
Assignment
2
Assignment
- Test Your Knowledge about the State
- Graded MC Quiz about week 3 & 4
Labour markets
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5
Videos
5
Videos
- Labour Markets - General Concepts
- Labour Markets - Social Economics
- Labour Markets - Institutional Economics
- Labour Markets - Post Keynesian Economics
- Labour Markets - Neoclassical Economics
Financial markets
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3
Videos
3
Videos
- Financial Markets - Key Concepts
- Financial Markets - Social and Institutional Economics
- Financial Markets - Post Keynesian and Neoclassical Economics
Tutorials
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2
Videos
2
Videos
- How Important is Labour Productivity for a Firm?
- What Causes Unemployment in Post Keynesian Theory?
Pop up Professor
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1
Videos
1
Videos
- What about Decent Work and Income Inequality?
Quiz
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1
Assignment
1
Assignment
- Test Your Knowledge about Factor Markets
The Macro Economic Flow
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4
Videos
4
Videos
- Key concepts about the Macro Economic Flow
- The Macroeconomic Flow in Social and Institutional Economics
- The Macroeconomic Flow in Post Keynesian Economics
- The Macroeconomic Flow in Neoclassical Economics
Money
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4
Videos
4
Videos
- Social Economics of Money
- Institutional Economics of Money
- Post Keynesian Economics of Money
- Neoclassical Economics of Money
Tutorials
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5
Videos
5
Videos
- How to Calculate Consumption and Savings at a Macro Level?
- How to Calculate the Multiplier?
- How to Picture the Effects of Macro Economic Shocks?
- How to Calculate Inflation?
- What are The Causes of Inflation?
Pop Up Professor
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1
Videos
1
Videos
- What about the Governance Challenges for Society?
Quizzes
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2
Assignment
2
Assignment
- Test Your Knowledge about the Real and the Monetary Economy
- Graded MC Quiz about week 5 & 6
Economic Growth
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4
Videos
4
Videos
- Why and How of Economic Growth
- Social and Institutional Economics of Growth
- Post Keynesian Economics of Growth
- Neoclassical Economics of Growth
International Trade
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5
Videos
5
Videos
- Key Concepts about International Trade
- Social Economics of Trade
- Institutional Economics of Trade
- Post Keynesian Economics of Trade
- Neoclassical Economics of Trade
Tutorials
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5
Videos
5
Videos
- What does Demand-led Growth Mean?
- What is Endogenous Growth?
- What is the Consumer Surplus?
- What is the Leakage Effect of Trade?
- What is Meant by the Comparative Advantage of Trade?
Pop Up Professor
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2
Videos
2
Videos
- What about Partnering in a Balanced Society?
- What about the Global Organization of Societies?
Quizzes
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1
PeerReview
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1
Assignment
1
Assignment
- Test Your Knowledge about Growth and Trade
1
Peer Review
- Essay on Macro Economics
Nature
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4
Videos
4
Videos
- Introduction and Social Economics of Nature
- Institutional Economics of Nature
- Post Keynesian Economics of Nature
- Neoclassical Economics of Nature
Wellbeing and Poverty
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3
Videos
3
Videos
- Introduction and Social Economics of Wellbeing and Poverty
- Institutional Economics of Wellbeing and Poverty
- Post Keynesian & Neoclassical Economics of Wellbeing and Poverty
Tutorials
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3
Videos
3
Videos
- How to Calculate Green Growth with the IPAT Equation?
- How does an Ecological Stockflow Model Work?
- What is Driving Wealth Inequality?
Pop Up Professor
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2
Videos
2
Videos
- What about Public Bads and Climate Change?
- What about Poverty?
Quizzes
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2
Assignment
2
Assignment
- Test Your Knowledge about Poverty and Nature
- Graded MC Quiz about week 7 & 8
Looking back on the MOOC
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1
Videos
1
Videos
- Discussion Between Your Prof and Your pop-up Prof
Auto Summary
Dive into "Introduction to Economic Theories," a unique course in Business & Management led by an expert Professor of Economics. This innovative course embraces economic pluralism, presenting four distinct theories: Social, Institutional, Post Keynesian, and Neoclassical Economics. Over approximately 134 hours, learners will explore diverse viewpoints, understand key economic concepts, and perform essential calculations. Ideal for beginners, this engaging MOOC offers a comprehensive foundation in economics beyond traditional teachings, providing valuable insights into economic crises and policy alternatives. Available through Coursera with flexible subscription options.
Irene van Staveren
Rob van Tulder
Maria Dafnomili