IDEAs Workshop


Revisiting Macroeconomics in the Age of Finance

September 1-5, 2003

International Development Economics Associates (IDEAs)

Bilkent University Department of Economics

The workshop on Revisiting Macroeconomics in the Age of Finance is an intensive program covering theoretical and policy issues in the current international context. The aim of the workshop is to present critiques of existing theories as well to offer alternative analyses of current economic trends. It will be organized around three broad themes: (A) macroeconomics of stabilization and adjustment. (B) alternative theories of growth and distribution and their implications for development macroeconomics; (C) structures and mechanisms of the global economy.

The workshop will be preceded by the VIIth International Conference on Economics of the Economic Research Center, Middle East Technical University, to be held in Ankara, September 6-9, 2003 (

All courses are to be offered at the Bilkent University premises and will be taught in English. Participants are expected to be young economists who have completed or are close to completing their Ph.D. dissertations. In addition, individuals with a strong economics background involved or in advocacy work with civil society organizations are encouraged to apply. Applications should be accompanied with a recent curriculum vitae and one letter of recommendation and should be sent to

Professor Erinc Yeldan, Department of Economics, Bilkent University, 06580, Ankara TURKEY; tel +90-312-2664807; fax +90-312-2665140; e-mail:;

Professor Jayati Ghosh, IDEAs, c/o, Economic Research Foundation, 124 A/1 Katwaria Sarai, New Delhi 110016, INDIA; tel +9111-26611235; fax +9111-26611764 e-mail:

The deadline of applications is: 30 June 2003

Synopsis of Courses Offered and Instructors

A1. The Open Economy Macroeconomic Model with Fluid Finance and Flexible Exchange Rates. (Ben Fine, SOAS)

A2. Macroeconomic Adjustment and Economic Development in the Global Economy, Sectoral Issues: (Dogruel, Marmara University)

A3. Alternative Approaches to Stabilization, Adjustment and Growth. (Julio Lopez, Universidad Nacional Autonoma de Mexico)

B1. Neoclassical Growth and The New Growth Theory (Erinc Yeldan, Bilkent University)

B2. Critique of Neoclassical Growth (Ben Fine, SOAS)

C1. The Dominance of Finance: Implications for the Global Economy: (Prabhat Patnaik, Jawaharlal Nehru University)

C2. Changing Structures of National and International Finance. (C.P. Chandrasekhar, Jawaharlal Nehru University)

C3. Deflation, Unemployment and Macroeconomic Policy. (Jayati Ghosh, Jawaharlal Nehru University)

C4. Financial Liberalization, Currency Crises and Developing Countries (Korkut Boratav, Ankara University and UNCTAD, Geneva)

C5. The New Global Financial Architecture. (Jomo Sundaram, University of Malaya)

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