An introduction into the basic concepts of and insights into the crafty art and artistic craft of the orthodoxies and heterodoxies of economics in the theoretical and practical realms.
This module aims to introduce participants to the basic concepts of and insights into the crafty art and artistic craft of the orthodoxies and heterodoxies of economics in the theoretical and practical realms. The grain and texture of the course is admittedly coarse, connected to the breath/width of the module and its orientation towards the paradigms and practices of economic planning, generally, and development planning, more specifically. The elaboration at different and linked spatial and institutional scales of theories, policies, programmes, plans and other interventions to further the objectives and installation of pro-poor economic growth and distributional paths/trajectories/regimes constitutes the foundation/anchor of this module. Given these parameters and scope, the module grapples with a multiplicity of development planning problematic spanning the role of the state (national, provincial and local) in and the interconnections between economic and human development, refracted through the lenses of poverty eradication, redistribution and socio-economic empowerment in and beyond market-conditioned/mediated formats. Hence, the module hones in on the developmental state in its national, regional and local manifestations and the form and materiality of its interventions/activities related to macroeconomic management, employment generation and industrial development, income and asset transfer programmes, human capability enhancement, regional and local economic and infrastructure development (and more). The following broad themes are dealt with in the module: - Introduction to Economics: Orthodoxies and Heterodoxies - The Role of the State in Economic Development: Historical Overview - Macro-economic Policy and Reform: Evolution, International (Dis)/Consensus and the National Trajectory - Economy, Employment and (In)Equality: Trade and Industrial Policy, Economy and Poverty - Geography, Economy and Planning: National and Regional Planning, Local Economic Development - Land, Property and Financial Markets - The Economy and the Fiscus - Growth Paths, the State and the Future