HEQF credits: 18
HEQF course level: 7
Third year‚ first semester course‚ 4 lectures and 1 workshop per week.
ECO1010F/S/H/X Microeconomics and ECO1011F/S Macroeconomics; either ECO2003F or ECO2004S (recommended) or two 2nd year level courses in either Philosophy‚ Politics or History.
This course provides an overview of the historical development of economic thought and thereby places the theory learned in mainstream economics courses within a broader perspective. It consists of a sampling of the theories of prominent individual economic thinkers as well as schools of economic thought. Topics include the following: a brief review of pre-modern economic thought; Mercantilism; Physiocracy; the classical political economy of Smith, Malthus and Ricardo; socialist economic thought and Marx; utilitarianism, marginalism and the rise of neoclassical economics; the German historical school: Keynes and Keynesian economics; and an introduction of heterodox schools of thought, such as evolutionary, institutionalist, post-modern and ecological approaches.
Lecture times: 3rd period.
Course information is disseminated by means of hand–outs‚ announcements at lectures and the notice board and Vula. It is the student’s responsibility to be familiar with all course information.
Last updated : 27 Mar 2017