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Winter 1998
The Evergreen State College
Olympia, WA 98505 USA
Faculty: Pete Bohmer

Micro and Macroeconomics Principles: the Neoclassical versus the Political Economy Paradigm

This program will study in some depth and critically the assumptions, logic, conclusions, public policy and social implications of mainstream or neoclassical economics. We will analyze principles of microeconomics: key concepts such as scarcity, efficiency and opportunity cost; and how labor and goods markets function, the determination of prices and output, and wages and profits; the determination of poverty, nationally and the role of money, government spending and taxes. This program will compare and contrast neoclassical economics to what is usually called, political economy, with respect to methodology, concepts and their analyses of key economic issues. Both the neoclassical and political economy paradigms will be studied in the context of the globalization of the U.S. economy and growing global economic integration.

No background in economics is assumed, knowledge of basic high school algebra is highly recommended.

THIS IS NOT AN OFFICIAL PAGE OF THE EVERGREEN STATE COLLEGE.

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