HISTORY OF ECONOMIC THOUGHT

ECON423

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Gain familiarity with the major schools of economic thought and the economic views of their leading representatives
Comprehend the historical development of economic thought.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course provides a detailed examination of the history of economic thought and the major schools of economic thought.

Course Contents

WEEK	TOPICS
1^st Week	Introduction: Philosophy of Science and Economic Thought
2^nd Week	Economic Thought in the Pre-Classical Period I
3^rd Week	Economic Thought in the Pre-Classical Period II: Mercantilism and Physiocracy
4^th Week	Classical Economic Thought: Adam Smith
5^th Week	Thomas Robert Malthus and David Ricardo
6^th Week	John Stuart Mill, Decline of Classical Economic Thought, and Karl Marx
7^th Week	Midterm Exam
8^th Week	Marginalist Economic Thought: William Stanley Jevons and Carl Menger
9^th Week	Leon Walras and General Equilibrium Theory
10^th Week	Alfred Marshall and Neoclassical Economics
11^th Week	Criticisms of Neoclassical Economic Thought: Socialists and Others
12^th Week	Modern Heterodox Economic Thought
13^th Week	Modern Heterodox Economic Thought
14^th Week	Various Topics

Recommended or Required Reading

G. Kazgan, İktisadi Düşünce veya Politik İktisadın Evrimi, İstanbul: Remzi Kitabevi, 2000.

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Total(%)		40
Contribution of In-term Studies to Overall Grade(%)		40
Contribution of Final Examination to Overall Grade(%)		60
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz
Individual or group work	14	3	42
Preparation for Final exam	1	30	30
Course hours	14	3	42
Preparation for Midterm exam	1	25	25
Laboratory (including preparation)
Final exam	1	1	1
Homework
Total Work Load			141
Total Work Load / 30 (h)			4.7
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)