Elective Course - 4th Semester (Spring 2nd year) | Course ID: T214 | E-Class
According to the curriculum, students must choose three elective courses during the fourth semester

Lecturer

Georgios Argitis

Language of instruction

Greek

Course contents

The course in Post-Keynesian Economics seeks to present the methodology and basic ideas of this particular and distinctive school of economic thought, with emphasis on the conditions that create endogenous instability in modern monetary economies. Specifically, the course syllabus is:

• Introduction to the methodology of post-Keynesian economics
• The political philosophy of post-Keynesian economics.
• The principle of effective demand.
• The role of money and the financial system
• Uncertainty
• The distribution of income
• Wages, prices
• Economic Policy Proposals of Post Keynesian Economics

Bibliography

• Arestis, P. (1990) ‘Post-Keynesianism: A New Approach to Economics’, ReviewofSocial Economy, 48(3): 222-246.
• Arestis, P. (1992) The Post-Keynesian Approach to Economics, Aldershot: Edward Elgar.
• Arestis, P. (1996) ‘Post-Keynesian Economics: Towards Coherence’, CambridgeJournal of Economics, 20(1): 111-135.
• Chick, V. (1983). Macroeconomics After Keynes: A Reconsideration of the General Theory, Oxford:Philip Alan.
• Davidson, P. (1978). Money and the Real World, London: Macmillan.
• Davidson, P. (1980). ‘The Dual-Faceted Nature of the Keynesian Revolution’, Journal of Post Keynesian Economics, 2(3): 291-307.
• Davidson, P. (1984). ‘Reviving Keynes’s revolution’, Journal of Post Keynesian Economics, 4(4), 561-575.
• Davidson, P. (1991). ‘Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective’, The Journal of Economic Perspectives, Vol. 5(1), 129-143.
• Davidson, P. (1994). Post-Keynesian Macroeconomic Theory, Aldershot: Edward Elgar.
• Kregel, J. (1976). ‘Economic Methodology in the Face of Uncertainty: The Modelling Methods of Keynes and the Post-Keynesians’, Economic Journal, 86(342): 209-225.

Assessment

The course is assessed by an assignment. Students are assessed on their understanding of key concepts, critical thinking, and their ability to analyse and synthesise ideas and to develop and present them scientifically in the form of a paper.