Steve will give a series of lectures at Beijing Normal University November 24-26, and participate in the reading session on November 29. The arrangement of his lectures is as follows:
1) Lecture for Faculty & Graduate Students in BNU: Dragging economics into the 20th century with basic system dynamics for economics. November 26, 13:30-15:10 p.m., Room 217, Yingdong Building,
2) Lecture for New Economics Reading Group: How endogenous money alters macroeconomics. November 29, 9:30-11:30 a.m., Room 217, Yingdong Building,
3) Short Course, Room 205, 4th Teaching Building
Lecture 1: Failure of old paradigm and promising alternative paradigm: (1) Macroeconomics before crisis and after crisis, (2) Financial Instability Hypothesis, (3) Intro of Modeling Minsky.
Lecture 2: From linearity to nonlinearity: (1) The importance of nonlinearity, (2) 3 dimensions plus mixing for complexity, (3) Debt cycles.
Lecture 3: From equilibrium approach to nonequilibrium approach: (1) Foundations of non-equilibrium economics, (2) Examples of non-equilibrium economic process. November 25, 19:00-21:30 p.m. Room 106, 4th Teaching Building.
Lecture 4: From real economics to monetary economics: (1) Essential role of endogenous money in Minsky’s FIH, (2) Integrating endogenous money into macroeconomics