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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.

Co-requisites: none

Course outline:

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

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