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EPS11 Political Ideas And Ideologies

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Question:

Why didn’t economists see the 2008 crisis coming?
What institutional and structural problems in Europe were responsible for the Euro crisis? What can be done?
Why do neoclassical economists believe that the solution to unemployment lies on the supplyside
of the labour market? Outline some of the implementation problems of both the supply and demand-side solutions to unemployment.
What are the current structural adjustment challenges now facing Australia and how might they be dealt with? Is there a role for activist industry policy?
Are markets able to cope with the types of structural problems confronting capitalism or are they the cause? What types of solutions might be appropriate?
How seriously should we be taking the issue of market failures in contemporary capitalism? Give examples.
Is the state in retreat in a neoliberal world? Explain your answer.
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