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Course overview:

Most students of economics only encounter the so-called mainstream of economics, especially the central orthodox part. Orthodox economics provides a narrow perspective in many respects, which can be frustrating—but for every perceived limitation or problem with orthodox economics, there are research programs working to overcome it. In this course, we will investigate key ideas driving and shaping this alternative, heterodox economics. We will begin by asking how to characterize heterodox economics and distinguish it from the orthodox; we will see that heterodox economics can be characterized both in terms of how it conceives of the underlying economic reality and in terms of its orientation towards methods for understanding that reality. Next, most of the semester will focus on key, recurrent themes in heterodox economic research. Specifically, we will learn about complexity, evolution, institutions, social relationships, and uncertainty, why these matter for economics, and how economic questions can be approached in a way that accommodates these features of reality. The last few weeks of the semester are reserved for looking deeper into the particular interests of the seminar participants.

BA: https://campusonline.uni-bayreuth.de/ubto/wbLv.wbShowLVDetail?pStpSpNr=322760&pSpracheNr=1

MA: https://campusonline.uni-bayreuth.de/ubto/wbLv.wbShowLVDetail?pStpSpNr=322801&pSpracheNr=1

• for 2 credit points: submission of weekly discussion questions; regular attendance and participation

• for 5-6 credit points: a term paper of at least 5000 words for BA students, 6000 words for MA students

• students may also be asked to do supplementary research, e.g. finding an article that reflects the principles or methods discussed in the reading, or to share a topic with the class