Advanced Microeconomics: PIDE, Sep ’17

Heterodox and Radical Course on Microeconomics, currently being taught by Dr. Asad Zaman at PIDE in Fall Semester 2017. Course is for entering class of M.Phil and Ph.D. students.  Lectures are listed below with title and brief summar. Each lecture has a separate page with links to relevant materials and videos. Lectures are labeled AM01, AM02 etc.

AM01: Introductory Lecture.  This introductory lecture explains the fundamentals of the radical approach we plan to take in this course. The lecture has three major goals:

  1. To explain the radical difference between Western and Islamic concepts of knowledge, in particular between useful and useless knowledge.
  2. To provide student with courage and confidence to go against widely accepted ideas, being taught all over the world in leading universities and their followers.
  3. To teach students new ways of thinking about economic theories, as being an ideological and propaganda tool, in use for convincing people of the superiority of capitalism, in order to serve the interests of the wealthy.

AM02: S&D Models: This lecture follows the Hill & Myatt Anti-Textbook presentation on Supply and Demand. H&M set out the standard S&D model and its policy implications, as presented in conventional textbooks. Then they show that even though textbooks present the model as being universally applicable, it only works under conditions of perfect competition. These conditions rarely hold in real world markets. As a result, conclusions drawn from the S&D model are wrong and seriously misleading about real world effects of policies.