Semester 1 (2024-25) - arrangements for the submission of Assessment 1

You should submit your piece of coursework online through KEATS by 3 p.m. on 06 January 2024. The maximum length is 3,000 words and penalties will be imposed on work which does not conform. to the length criteria (see below). Your mark is also likely to be affected if your work falls significantly short of the word limit. This limit includes footnotes and quotations, but not bibliography.

All assessed coursework is examined anonymously. Please remember to:

On the EIS coversheet (in your KEAT’S module assessment area):

•     Clearly identify the question number you have answered.

•     Your Candidate number eg AC12345 (two letters followed by five digits, find this on your Student Record)

General information:

•     Observe the WORD LIMIT prescribed. Marks will be deducted on a sliding scale if you do not :    for 5-50% over, 2 marks will normally be deducted per 5%; after 50%, 3 marks will normally be deducted per 5%. Put your word-count at the end of your coursework.

•     Back up your work and allow enough time to deal with any computer, browser or internet malfunction.

•     Attribute all quotations and borrowings (to avoid the charge of plagiarism).

•     Number each page of your work.

•     Make and keep a copy of your work.

•     Ensure that the files submitted at the time of the deadline are final and complete. No amendments or additions will be permitted after the submission deadline.

•     Ensure that electronic files are submitted in one of the acceptable formats and are not corrupted.

Further  advice  on presentation and online  submission will   be  found   at     in  the   EIS  student handbook. Please follow the links from that webpage and note also the advice on plagiarism.

Late submission:

Work submitted more than 24 hours after the submission deadline will not be marked, and a mark of zero will be given. Work submitted up to 24 hours after the deadline will be marked and feedback given. However, the mark awarded will be deducted by 10 raw marks and students will be informed of the mark they would have been awarded had the 10 raw mark deduction not been applied.

College regulations stipulate that only in exceptional circumstances (such as bereavement or illness) can a student request permission to submit work after the deadline. You can apply for an extension by submitting a request for an extension or deferral via the Mitigating Circumstances process accessed on your Student Record Further information on mitigating circumstances requests can be found here:

https://www.kcl.ac.uk/aboutkings/quality/academic/assessment/mitigating-circumstances

Macroeconomics of demand, distribution and finance

7AAON240

Write an essay of 3000 words on one of the following topics. Make sure you use proper referencing and you use the literature discussed in class.

Answer ONE of the following questions:

1. Are the social structures of accumulation approach and post-Keynesian theory of distribution and demand consistent or in conflict?

2 Is the Bhaduri-Marglin model a valid starting point for a synthesis of Marxian and Keynesian macroeconomics? Explain the principles of Marxian and post-Keynesian macroeconomic theories and discuss to what extent the Bhaduri Margin model achieves (or falls short of) a synthesis.

3. Is the growth models approach an appropriate foundation to understand differences in national economic and social performances?

4. Does the theory of endogenous money necessarily lead to a theory of financial instability? Explain and critically discuss the relation between endogenous money and Minsky.

5. Is the Bhaduri-Marglin model consistent with a Minskyan approach to financial instability? Discuss.

6. Are Minsky’s theory of financial cycles and behavioural momentum trader models complementary or conflicting?