How does economics impact on politicians? And how do politicians impact on economics? In this three-week course, Sir Vince Cable and a team of leading economists at the University of Nottingham will explain the links between politics and economics. You will explore these links by looking at the work of major political figures and the key economic ideas they adopted.
Find out about the links between politicians and economics
You will study both contemporary economics – for example exploring responses to the financial crisis of 2008 – and some of the political leaders who have put key economic theories into practice throughout history. These are political figures from around the world who have changed economic history, including Alexander Hamilton, Sir Robert Peel, the Mejii Emperor, FD Roosevelt, Margaret Thatcher and Deng Xiaoping. The economic policies and practices of these former leaders are still having an impact on our world today.
Learn from experts in the field
The course is led by Sir Vince Cable, former Secretary of State for Business, Innovation and Skills (2010-2015) and Honorary Professor of Economics at the University of Nottingham. His experience combines the theoretical knowledge of a trained economist with practical experience gained in government. You will also learn from leading economists at the University of Nottingham, including Head of School Professor Kevin Lee and Professor of Political Economy Cecilia Testa.
What topics will you cover?
This course covered the following topics:
- The scope and method of economics
- Alexander Hamilton and the role of state in the economy
- Sir Robert Peel and Free Trade
- The Meiji Emperor and Industrialisation
- FDR: Roosevelt and Demand Management
- Ludwig Erhard and Supply Side Economics
- Mrs. Thatcher, Monetarism, and Rolling Back the State
- Deng Xiaoping, Growth, Development and Convergence
What will you achieve?
- Investigate policymaking in a historical context
- Apply economic tools to policy relevant questions
- Discuss the relationship between politics and economics
- Identify and use assets (images, video, quizzes etc.) within learning resources
- Develop analytical skills
- Develop an understanding of how economic theory guides policy choices
Who is the course for?
This course is suitable for anyone with an interest in economics and politics, and for those studying economics at pre-university or undergraduate level. No previous experience or qualifications are required.
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