Not offered in 1996. Dr R Dixon. 316-201 Intermediate Macroeconomics. First semester Three hours of lectures and seminars a week. On completion of this subject students should:

• be able to read and critically evaluate works dealing with economics by and about Marx;
• be able to read and critically evaluate periodical literature in post-Keynesian economics;
• be familiar with non-neoclassical streams of thought and with criticisms of neoclassical economics.

Early and modern views on the central concern of classical economics: the production, extraction and allocation of the economic surplus. Marxian economics as a study of surplus labour, the nature of the labour process and the dynamics of capitalist economies. The revival of interest in classical and Marxian economics; a critical study of the central propositions of post-Keynesian theory. Policy implications of recent work in Marxian and post-Marxian and post-Keynesian economics. A 2-hour examination (60 per cent) and class assignments totalling approximately 4,000 words (40 per cent). Marx K Capital Vol 1 Penguin Books Howard M and King J The Political Economy of Marx 2nd edition Longmans