Critically review the investment models postulated by Jorgenson (1963) (neoclassical), Tobin (1969) (Tobinâ€™s q) and Kalecki (1971)-Keynes (1937) (Kalecki-Keynesian).
Review the recent empirical works and evaluate which model fits the data better.
Work of high to exceptionally high quality showing excellent knowledge and understanding of ideas.
â€¢ Original analysis and well formulated arguments. â€¢ Excellent use of relevant literature from the course to support discussion
. â€¢ High level theoretical and empirical analysis and critical thinking shown in an intellectual engagement with the ideas.
â€¢ Excellent writing and presentation skills.
â€¢ Material extremely well organised and structured.
The structure of the essay should consist 4 parts: introduction, theory and literature review, empirical analysis and conclusions
It is important to provide a complete reference list (APA 6th style).