Economics, Education and Unlearning:
Economics Education at the University of Manchester
The Post-Crash Economics Society
With a Foreword by Andrew Haldane (Bank of England)
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Published by the Post-Crash Economics Society at the University of Manchester- April 2014. Email: post.crasheconomics@gmail.com Address: The Post-Crash Economics Society, University of Manchester St
udents’ Union, Oxford Road,
Manchester, M13 9PR
.
Acknowledgements: We would like to thank Andy Haldane for kindly agreeing to write a foreword for our report. We would also like to thank Victoria Chick, Ha Joon Chang and all the other economists who have supported our society and Patricia Elder for her help in editing this document. Finally, we would like to thank Devrim Sakir Yilmaz for his fantastic teaching and his brave commitment to economics. Contents of the report may be quoted or reproduced for non-commercial purposes provided that the source of information is acknowledged.
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Contents Page
FORWORD BY ANDREW HALDANE: THE REVOLUTION IN ECONOMICS 3
EXECUTIVE SUMMARY 7
INTRODUCTION 12
SECTION 1: WHAT’S WR
ONG WITH ECONOMICS EDUCATION AT MANCHESTER? 14
SECTION 2: ANALYSIS OF CORE MICRO AND MACRO MODULES 19
SECTION 3: THE FORMATION OF THE STATUS QUO AND ITS REPROD4CTION 23
SECTION 4: RESPONDING TO ARGUMENTS AGAINST CHANGE 25
SECTION 5: THE COMPELLING CASE FOR REFORM 32
SECTION 6: REAL CONSTRAINTS TO CHANGE AT MANCHESTER 42
SECTION 7: PRINCIPLES OF A POST-CRASH ECONOMICS EDUCATION AND SOME PRACTICAL REFORMS 45
CONCLUSION: WHY IS THE CRISIS SO IMPORTANT? 51
APPENDIX 1: RESPONSE TO THE INSTITUTE FOR NEW
ECONOMIC THINKING’S
CORE PROGRAMME 53
BIBLIOGRAPHY 56
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