Reconnect the teaching of economics with the workings of the actual economy
— Institute for New Economic Thinking (INET)

OUr economics Education: Time for Change

In March 2019, we launched our report ‘Our Economics Education: Time for Change’. In which, we investigate some of the shortcomings in the undergraduate economics education at the University of Edinburgh. The video summarises our key findings and the full report can be found here


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What do we strive for economics to be?


A tool for change

Economics can discuss the key issues of today, whilst providing solutions for a better tomorrow. Economics is a subject built on the premise of problem-solving. But what problems do we solve and how can we solve problems that will provide the greatest returns to society? Let's start at least by talking about the likes of climate change, inequality, resource depletion or poverty.

More critical

Economics can incorporate a more critical eye for mainstream practises - we believe this will actually help people understand better the theory that they are critiquing.

Beyond textbooks

Economics does not have to be a religion founded on a single textbook.

Real-world

Economics can contain far more real world application than one might think.

Evolving

Economics can be fit for the 21st century. The world we live in is changing rapidly, new problems are always arising but the economic discipline is moving extremely slowly. We demand the Economic Department to be more open-minded and up-to-date with the evolution and direction of economics.

Quantitative and QUALITATIVE

Economics can a have better understanding of human behaviour and of the way the world works by: striking a better balance between quantitative and qualitative.

Value judgement

Undergraduate economics should involve more judgement on the good or bad of particular mechanisms. Problems needs to be prioritised, solutions need to be evaluated and evaluations have to be made. As a discipline it should not shy away from its ‘normative’ side.