| Academic Unit: |
Department of Economics |
| Mode of Delivery: |
Face to face |
| Prerequisites: |
None |
| Language of Instruction: |
English |
| Level of Course Unit: |
Undergraduate |
| Course Coordinator: |
- - |
| Course Objectives: |
This course aims at introducing students the evolution of economic ideas, main theories, main approaches, and important discussions in the history of economic thought. The goal is to offer students a better understanding of the nature of economic science by carefully discussing and contextualizing influential ideas and debates in the discipline. |
| Course Contents: |
This course analyzes the development of economic thought starting with the pre-classical period. The sessions cover classical political economists, critiques of classical political economists, historical schools, institutionalism, major discussions in monetary economics, and influences of all these on contemporary developments in economics. |
| Learning Outcomes of the Course Unit (LO): |
- 1- Identify and elaborate different schools of thought in economics.
- 2- Explain how ideas shape the development trajectory of economic theory.
- 3- Be able to evaluate economic analysis in a broader socio-economic context.
- 4- Compare and contrast mainstream and heterodox economic theories including policy implications.
- 5- Analyze contemporary debates in economics by making explicit references to relevant discussions in the history of economic thought.
|
| Planned Learning Activities and Teaching Methods: |
Lectures and Class Discussion |
| Week | Subjects | Related Preperation |
| 1 |
Introduction |
|
| 2 |
Early Economic Thought |
Required reading: 1. Sandelin et al. (2014, Chapter 2); Recommended reading: 1. Kurz (2016, Chapter 1). |
| 3 |
Classical Political Economy: Introduction, Adam Smith, and Jean-Baptiste Say |
Required Reading: 1. Sandelin et al. (2014: 15-26); Recommended reading: Kurz (2016: 17-34). |
| 4 |
Classical Political Economy: Malthus, Ricardo, Mill, and Conclusion |
Required Reading: 1. Sandelin et al. (2014: 26-33); Recommended reading: Kurz (2016: 34-41). |
| 5 |
Karl Marx and the Socialists |
Required Reading: 1. Sandelin et al. (2014: 33-39); Recommended reading: Kurz (2016, Chapter 3). |
| 6 |
Neoclassical Economics: Introduction, the forerunners and the first generation |
Required Reading: 1. Sandelin et al. (2014: 40-52); Recommended reading: Kurz (2016, Chapter 4). |
| 7 |
Neoclassical Economics: The second generation |
Required Reading: 1. Sandelin et al. (2014: 52-62); Recommended reading: Kurz (2016, Chapter 5, Chapter 6, Chapter 7). |
| 8 |
Historical Schools and Institutionalism: Introduction, the forerunners, and historical schools |
Required Reading: 1. Sandelin et al. (2014: 64-73). |
| 9 |
Institutionalism: Veblen and others |
Required Reading: 1. Sandelin et al. (2014, 73–78); Recommended reading: Kurz (2016, 106–108). |
| 10 |
Monetary Macroeconomics: Wicksell, Fisher, Austrian Business Cycle Theory, and the Stockholm School |
Required Reading: 1. Sandelin et al. (2014: 79-87). |
| 11 |
Monetary Macroeconomics: Keynes, Keynesianism, and counter revolution |
Required Reading: 1. Sandelin et al. (2014: 87-100); Recommended reading: Kurz (2016, Chapter 9 and Chapter 10). |
| 12 |
Orthodoxy and Change |
Required Reading: 1. Sandelin et al. (2014, Chapter 7). |
| 13 |
Developments in Selected Fields |
Required Reading: 1. Kurz (2016, Chapter 12). |
| 14 |
Review |
|
At Kadir Has University, a Semester is 14 weeks; The weeks 15 and 16 are reserved for final exams.
THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)
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PQ3 |
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PQ7 |
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PQ12 |
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| LO5 |
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Contribution: 1 Low, 2 Average, 3 High
