Using a heterodox economics approach of your choice, diagnose what you consider to be a central problem with mainstream economics, and discuss how well your chosen approach addresses this problem.
• First -identify what it is that is missing or inadequate in the mainstream economics approach. (You have to decide for yourself what this is. Remember your first essay will have created a set of criticisms you can pick from.)
• Second – make the case for the heterodox approach you have selected (this will be linked closely to what you saw as inadequate or missing from the mainstream approach. Your heterodox alternative will be strong in this area or you wouldn’t have picked it!)
• Third – identify weaknesses in the heterodox approach you have selected (The best and simplest way to do this part is to look at your chosen approach up against other heterodox approaches. They may be stronger on certain other things that your approach is weak on/silent about).