Beyond Sustainability: What is the Economy?

What you'll learn
Critically examine the economy's role and purpose in the context of 21st century challenges.
Challenge your assumptions about mainstream economic concepts such as GDP, the invisible hand and trickle-down theory.
Learn how economies can be adapted and redesigned to address resource constraints, inequality and the threat to natural capital.
Complete our Reflections for a better understanding of the global economy.

Requirements
This course is designed for people at all skill levels.

Description
How we perceive the economy and its purpose shapes how our economies are designed. This significantly impacts every aspect of our societies, from decision-making in business and government to how communities organise and what value we place on nature. Through this course, you will learn to appreciate the importance of the economy, how it influences society, and how its purpose must be redefined for a more equitable and sustainable future.In Module 1, Oxford University economist Kate Raworth presents the Doughnut Economics model, a compass for human prosperity.In Module 2, Former Harvard Business School professor David Korten discusses the concept of restructuring the economy for collective prosperity and ecological sustainability. You will gain deeper insight into the importance of tapping into knowledge from various domains, such as governance, business, education, and science, to drive transformative change.In Module 3, Professor Jayati Ghosh from the University of Massachusetts Amherst examines alternative approaches to managing political economies worldwide. The module explains the need to redesign multilateral trade and financial systems to incorporate more inclusive decision-making and ultimately promote greater equity.The "Economic Hit Man" himself, author John Perkins, features in Module 4 where he explains how the existing economic system, or "death economy," primarily benefits the wealthy.

Who this course is for
GIFTed's content aims to provide a baseline understanding of global issues to help professionals think critically about their sense of purpose, the role their organisation plays in society, and how they can contribute to shaping the future in their personal and professional capacities. Our content appeals to different levels, functions and industries, whether they come from the public or private sectors, or civil society organisations, and will be relevant to those who have a minimum of 3 years of professional experience, who are in middle management or whose responsibilities lie between strategy and execution.

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