About this Course
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Wondering why economists have not predicted serious financial crises? Shocked by economic assumptions of human behavior as self-centered and focusing only on what can be measured? Asking yourself if there are no sensible economic alternatives to free markets? Then you are at the right place to learn economics! This is the first online course that teaches economics from a pluralist perspective. Economic pluralism means that a plurality of theoretical and methodological viewpoints is regarded as valuable in itself and is simply the best way in which economics can make progress in understanding the world. This MOOC will illustrate economic pluralism not only in substance but also in form. You will see not only me, a Professor of Economics, but also a pop-up Prof of our business school, who illustrates the actor perspective of firms, government and civil society. And you will meet an online student, based in Greece, who will help you through the tutorial videos in which I will explain key concepts, tools and techniques. I will not limit myself to the dominant theory, as almost every other course does. Instead, I will introduce you to four very different economic theories for the whole set of standard topics in microeconomics and macroeconomics. The theories are presented every time from broad and more interdisciplinary to narrow and more mathematical. The four theories that I like to introduce you to are Social Economics, Institutional Economics, Post Keynesian economics and, at the very end of each topic, Neoclassical Economics, for the special case of ideally functioning markets. But not everything is different in this course. Like every economics course, it includes numbers, diagrams, tables, equations, and some calculations. Why would you go through the effort of learning the basics of four theories instead of one? Because it will help you to see why many economists cannot predict crises, whereas others can see signals but are often not being listened to because they do not belong to the dominant school of thought. It will also enable you to see that it is just one theory claiming economic agents to be self-centered and focusing on the measurable only. Other economic theories go well beyond these limitations. And, finally, the pluralist approach will provide you with policy alternatives to neoliberalist policies promoting free markets. The objective of this course is twofold. First, to enable you to understand different economic viewpoints, linked to important traditions in economic thought, and basic economic concepts belonging to these theoretical perspectives. Second, to enable you to do some basic economic calculations that are important in economic life, such as calculating an inflation rate, and in economic policies, such as estimating the rough gains from trade for both trading partners, and in economic arguments, such as in calculating utility maximization with given prices and budgets. I hope you will enjoy the course!...
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Beginner Level

Beginner Level

Clock

Approx. 24 hours to complete

Suggested: Overall workload: 134 hours for the whole MOOC. 15 topics are discussed, 5 hours per topic. The other hours will be filled with watching tutorials (14 hours), Pop up professor video's (3 hours), 8 practice quizzes (4 hours), 2 graded essay's (32 hours) and 4 graded MC quizzes (6 hours). ...
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English

Subtitles: English...
Globe

100% online courses

Start instantly and learn at your own schedule.
Calendar

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Clock

Approx. 24 hours to complete

Suggested: Overall workload: 134 hours for the whole MOOC. 15 topics are discussed, 5 hours per topic. The other hours will be filled with watching tutorials (14 hours), Pop up professor video's (3 hours), 8 practice quizzes (4 hours), 2 graded essay's (32 hours) and 4 graded MC quizzes (6 hours). ...
Comment Dots

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Clock
1 hour to complete

Introduction to Pluralist Economics

...
Reading
3 videos (Total 30 min), 1 quiz
Video3 videos
Economics as a Science12m
What is Meant by Utility Maximisation?7m
Quiz1 practice exercise
Test Your Knowledge about Economics30m
Week
2
Clock
2 hours to complete

Micro Economics: Individuals, Households and Consumers

...
Reading
11 videos (Total 92 min), 2 quizzes
Video11 videos
Social and Institutional Economics of Individuals and Households8m
Neoclassical Economics of Individuals and Households7m
Three Theories of Consumption11m
Neoclassical Theory of Consumption12m
How Does Household Bargaining Work in Institutional Economics?10m
How to Calculate the Price Elasticity of Demand?3m
How to Calculate Utility Maximization?5m
How to Derive the Individual Demand Function?7m
What about the Organization of Communities?5m
What about Gender?8m
Quiz2 practice exercises
Test Your Knowledge about Individuals, Households and Consumers30m
Graded MC Quiz about Week 1 & 220m
Week
3
Clock
18 hours to complete

Micro Economics: Firms and Markets

...
Reading
13 videos (Total 105 min), 2 quizzes
Video13 videos
Post Keynesian Theory of the Firm10m
Neoclassical Theory of the Firm7m
Types of Markets5m
Market Failures6m
How to Calculate the Profit Rate?4m
How to Calculate the Growth of the Firm in Post Keynesian Economics?10m
What is the Profit Rate in Post Keynesian Economics?4m
How many Workers should a Firm hire to Maximize Profit?10m
How to Calculate Profit in Neoclassical Economics?10m
What are the Key Differences between Types of Markets?11m
What about the Organization of the Market?5m
What about Markets, Consumption and Production?8m
Quiz1 practice exercise
Test Your Knowledge about Firms and Markets30m
Week
4
Clock
3 hours to complete

Micro Economics: The state

...
Reading
5 videos (Total 42 min), 2 quizzes
Video5 videos
Public Goods and Commons8m
How Can we Find the Optimal Tax Rate?7m
What about the Organization of the State?7m
What about Water and Sanitation?6m
Quiz2 practice exercises
Test Your Knowledge about the State30m
Graded MC Quiz about week 3 & 430m

Instructors

Irene van Staveren

Prof. dr.
International Institute of Social Studies (ISS)

Rob van Tulder

Prof. dr.
Department of Business-Society Management, Rotterdam School of Management

Maria Dafnomili

PhD researcher
International Institute of Social Studies

About Erasmus University Rotterdam

Erasmus University: a top-100 ranked international research university based in Rotterdam, the Netherlands. Our academic teaching and research focuses on four areas: health, wealth, culture and governance. Erasmus University Rotterdam: make it happen. ...

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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