Discuss the ‘Keynesian Revolution’ and its significance for modern macroeconomics. In what ways does Keynes revolutionize the way in which governments deal with economic crises?

Concepts/Short Answers
▪ Please choose 5 concepts to respond to from the following list. Each response will be worth 10 marks for a total of 50. Each response should include a brief definition of the concept. Further, please give the concept’s significance to the idea of Human Rights, the Global Economy, imperialism, and racism. Each response should not exceed one double -spaced page
. ▪ 1. Microeconomics and Macroeconomics.
▪ 2. Homo economicus and rationality.
▪ 3. Adam Smith and the Invisible Hand.
▪ 4. The Multiplier Effect.
▪ 5. Keynes and the Role of Government in the Economy.
▪ 6. Veblen and Conspicuous Consumption
. ▪ 7. Gini Coefficient.
▪ 8. The Capabilities Approach
▪ 9. Resistance in the Global Economy.
▪ 10. Double consciousness.
Essay Questions ▪ Please choose one question to respond to from the following list. Each response should not exceed 3 double-spaced, type-written pages.
▪ 1. Using the works and ideas of Frantz Fanon and W.E.B. DuBois, discuss the relationship between racism and global inequality and neo-colonialism or post-colonialism. In your response, please discuss the role of double consciousness in creating a split sense of self. Is this a tool used by the oppressor to perpetuate the structures and practices of inequality?
▪ 2. Discuss the ‘Keynesian Revolution’ and its significance for modern macroeconomics. In what ways does Keynes revolutionize the way in which governments deal with economic crises?
▪ 3. Discuss the global problem of poverty. How does this problem manifest itself in terms of global inequality?
▪ 4. Discuss the ideas of Karl Marx. Do you feel that his ideas are relevant to understanding the dynamics of global capitalism?

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