Post-Crash Economics and the Covid Emergency in the Global Economy: Interdisciplinary Issues in Teaching and Research

✍ Scribed by Abdullah Yusuf (editor), Carlo J. Morelli (editor), Omar Feraboli (editor)

• Publisher: Palgrave Macmillan
• Year: 2023
• Tongue: English
• Leaves: 190
• Category: Library

✦ Synopsis

This book continues the ongoing debate about the need for alternative, interdisciplinary and heterodox approaches to teaching economics at university. It deals with challenges currently faced by economists, pursues an interdisciplinary approach to enhance collaboration with academics from disciplines other than economics, and analyses several questions and issues related to the 2007-08 financial crisis and the current Covid-19 emergency. The Covid pandemic has shown the flaws of the current neoliberal model and the inability of mainstream economic theory to address the problems created by the pandemic.

The book engages with an academic audience interested in incorporating a wider range of economic approaches in their research and teaching, and with undergraduate and postgraduate economics students who are trying to understand the limitations of their current economics syllabi. The novelty of the book is the active involvement of undergraduate and postgraduate students who contribute to this volume with three chapters. The book will be of interest to a wide range of researchers, students and teachers interested in interdisciplinary and heterodox economics.

✦ Table of Contents

Contents
List of Contributors
List of Figures
List of Tables
1 Introduction: The Financial Crisis, the Covid-19 Pandemic and the Future of Economics
Pluralism in Economics
Covid-19 Pandemic
Economic Theory and Policy
Conclusions
References
2 COVID-19 and the Future of Higher Education
Introduction
Covid-19 and Higher Education
Transformation of Education Delivery Longitudinally Is Likely If Online Learning Becomes the Norm
Online Learning Necessitates a Change in the Way We Value Degrees
Lessons from an Economic Analysis
Opportunities and Threats
A Personal View: Ian Roache, PhD Candidate and Tutor
Post-Script
References
3 Assessing the Education Needs of the Rohingya Refugees and the Impact of COVID-19
Introduction
Who Are the Rohingya?
Why Is Access to “Education in Emergencies” Important?
Rohingya Education Pre-COVID-19
The Impact of COVID-19 on the Rohingya Refugees
The Fallout of Numerous Emergencies on the Rohingya Based on the J-MSNA (2020)
Conclusion
References
4 COVID-19 in an African Context: What the Pandemic Has Taught Us About the Development Economics Curriculum and the Need for Reform
Introduction
The Role of the State
Industrial Policy
Dependency
Development Finance
Social Policy
Care
Conclusion
References
5 The Effects of Covid-19 Stringency Measures: From Increased Educational Inequality to Poverty Trap, with a Particular Focus on European Countries
Introduction
The Magnitude of Schools’ and Universities’ Closures Across the World
How the Effects of Covid-19 on Equity in Education Have Been Analysed
How We Look at Educational Inequality and the Need for a Re-focus
Conclusions
References
6 In the Beginning……: An Analysis of the Starting Topics in Introductory Economics Textbooks
Opportunity Cost
Scarcity
Command vs Market Economies
Others
Conclusions
Bibliography
7 Labour Rights, Full Employment, Mental Model Choice and a Dynamic Market Economy
Introduction
Kalecki on Full Employment
Core Arguments on the Significance of Low Real Wages
An Alternative Model
The Basics of the Alternative Model
Why Rational Capitalists Might Resist or Embrace Full Employment Policies
Conclusion
References
8 Reflections and Experiences of an Economics Degree: A Plea for Pluralism
Introduction
Our Expectations
The Teaching of Maths
The Teaching of Theory
The Teaching of Models
What Is an Economics Degree?
Discussion and Implications
References
9 An Analysis on the State of Economics Education in Scottish Universities
Introduction
The Teaching of Economics in Scottish Universities
The Dominance of Free Market Economics
Implications on Education and Wider Society
The Market as God
Capitalist Realism
The Role of Education for the Future
Concluding Remarks
References
10 Post-crash Economics: What Are the Implications of the 2007 Crisis for the Teaching of Economics?
Introduction
Forecasting Failure
Heterodox Economics
Ethics
Teaching Economics in the Twenty-First Century
Conclusions
References
Index