| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Should have become familiar with basic views of the principal thinkers and schools of economics.
- Should have an insight into how economic thought evolved, through time.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | In this course, how economic thought evolved over time and schools of economic thought will be examined in detail. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction: Economic Thought and Philosophy of Science |
|
2nd Week |
Early Preclassical Economic Thought |
|
3rd Week |
Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought |
|
4th Week |
Classical Economic Thought: Smith and Marx |
|
5th Week |
Ricardo and Malthus |
|
6th Week |
Mill and the Decline of Classical Economics and Marx |
|
7th Week |
Midterm |
|
8th Week |
Austrian Foundations of Marginal Analysis: Jevons and Menger, The Transition to Neoclassical Economics: Marginal Analysis Extended |
|
9th Week |
Walras and General Equilibrium Theory |
|
10th Week |
Alfred Marshall and Neoclassical Economics |
|
11th Week |
Early Critics of Neoclassical economics, Austrians, Neoclassicals, and Socialists on Socialism and Capitalism |
|
12th Week |
The Development of Modern Heterodox Economic Thought |
|
13th Week |
The Development of Modern Microeconomic Theory and Macroeconomic Thought |
|
14th Week |
The Development of Econometrics and Empirical Methods |
|
| Recommended or Required Reading | H. Landreth and D. Collander, History of Economic Thought. New York: Houghton Mifflin Comp., 1997
R. B. Ekelund and J.R.F. Hebert, A History of Economic Theory and Method. New York: McGraw-Hill, 1997
J. Schumpeter, History of Economic Analysis. Oxford: Oxford University Press. |
|---|
| 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 |
0 |
0 |
0 |
| 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) |
0 |
0 |
0 |
| Final exam |
1 |
1 |
1 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 141 |
| Total Work Load / 30 (h) | 4.7 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
