Foundations of Real-World Economics offered by Harvard University
- Private University
3 Campuses- Estd. 1636
Foundations of Real-World Economics at Harvard University Overview
Foundations of Real-World Economics
at Harvard University
The course concentrates on complex economic processes in straightforward terms so that they can be understood without the use of mathematics
Mode of learning | Online |
Difficulty level | Beginner |
Course Level | UG Certificate |
Foundations of Real-World Economics at Harvard University Highlights
Foundations of Real-World Economics
at Harvard University
- Topics covered:Economics
Foundations of Real-World Economics at Harvard University Course details
Foundations of Real-World Economics
at Harvard University
Skills you will learn
More about this course
- The course concentrates on complex economic processes in straightforward terms so that they can be understood without the use of mathematics. The course includes concepts from microeconomics and macroeconomics, but the focus is on real-world applications of economics without relying excessively on assumptions, theorizing, and abstract models. We apply the concepts we learn to contemporary controversial topics such as minimum wage legislation, the function of unions, and why healthcare is excessively expensive. We explore why Nobel Prize winning economists such as Paul Krugman and Joe Stiglitz are so critical of the contemporary economy's dizzying inequality, its endemic underemployment, enormous trade and government deficits, lagging wages, and inability to provide a decent life for millions. Mainstream economists do not have the answers to the challenges of globalization, technological unemployment, and racial disparities, because they are unable to think creatively about new institutional structures that would enable us to transition to a full-employment, high quality-of-life economy. In contrast, this course weaves ideas from psychology, sociology, and political science into a common-sense economic perspective in order to explore these issues. We also assess our current economic situation, including the analysis of the COVID-19 recession.
Foundations of Real-World Economics at Harvard University Curriculum
Foundations of Real-World Economics
at Harvard University
Economics
Foundations of Real-World Economics at Harvard University Faculty details
Foundations of Real-World Economics
at Harvard University
John Komlos
Designation : Visiting Professor of Economics, Duke University and Professor of Economics, Emeritus, University of Munich.
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Foundations of Real-World Economics
at Harvard University
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1350 Massachusetts Ave, Cambridge, Massachusetts 02138, USA
Cambridge ( Massachusetts)
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