18 NQF credits at HEQSF level 7
Course entry requirements: ECO1010F/S/H/X and ECO1011F/S; At least ONE 2000-level economics course PLUS any other 2000-level course in either economics, 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: 10h00 – 11h00 Monday, Tuesday, Wednesday, Thursday, Friday
DP requirements: None
Assessment: Coursework: 50%; Exam: 50%. The course outline will detail the breakdown for submission weightings and variation for exemptions and absences.
Last updated : 19 Apr 2018