Archive for December 6th, 2013

How certain Univ of Manchester students want to change the econ syllabus?

December 6, 2013

The website is here and the blog is here.

We are The Post-Crash Economics Society and we are a group of economics students at The University of Manchester who believe that the content of the economics syllabus and the way it is taught could and should be seriously rethought.

We were inspired to start this society when we heard about a Bank of England Conference called ‘Are Economics Graduates Fit for Purpose?’ At this event leading economists from the public and private sphere came together to discuss whether economics undergraduates were being taught the right things in the light of the 2008 Financial Crisis. This chimed with some of our frustrations about the economics we were learning and so we decided to set up a society that would through doing research, organising events and running workshops seek to bring this discussion to Manchester. That was at the start of the 2012/13 academic year.

As of today we have a fully-fledged society, a book club, an incredibly successful launch event led by world class economists, many student and academic supporters, a petition that is constantly gaining signatures, links with a national network of economic societies and organisation and even more passion and determination to change the current state of economic education!

However, this is just the start. We will ensure that this society will become a permanent fixture on the Manchester economics landscape in the years to come, forever seeking to provoke discussion between students and staff about what economics is, what it should be and how it should be taught.

Superb..Much needed action..

Walter Bagehot — An Economists’ Oscar Wilde

December 6, 2013

Frank Prochaska of Oxford Univ has written this bio on Walter Bagehot, the person who is credited for making the lender of last resort theory decades ago.

Martin Walker of Wilson Center writes this amazing review of the book and remembers Bagehot.

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Asia recalls 1997 crisis as investors await Fed tapering..

December 6, 2013

A short article by Janet Koech, Helena Shi and Jian Wang of Dallas Fed.

They say Asia is much better placed compared to 1997-98 crisis:

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Is breaking away from their unions the right way? Case of Scotland, Catalonia and Flanders

December 6, 2013

A brilliant article in K@W.

It is not just the GIPS exit from the European Union that is an issue. But there are three more regions. Two of these Catalonia and Flanders want to break  away from EZ members – Spain and Belgium respectively. Scotland has been given referendum by David Cameron next year, to vote whether they want to remain in the union or not.

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