“When you look at mainstream models and theories within economics, it’s obvious that they don’t fit with the real world today. They can’t explain what’s going on. So what we want to do with this course is to give students the tools to understand macroeconomics, and to decipher what’s happening around them using various models,” says Ole Bjerg.

Rasmus Hougaard Nielsen adds:

“The main problem with Neo-classical economics is the lacking ability to deal with present and relevant problems. So instead of teaching the traditional textbooks we’ve replaced mainstream theories with teaching rooted in empirical problems, such as the permanent debt-crisis, central banks losing control over monetary policy, growing international imbalance and so on. Issues that Neo-classical economics neither have the ability to explain, nor the ability to solve,” he says.