ECON200 History of Economic Thought
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| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| ECON200 | History of Economic Thought | 3 | 0 | 6 | Monday 9.00-11.00, Wednesday 9.00-10.00 | |||||
| Prerequisite | ECON112 | It is a prerequisite to | None |
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| Lecturer | Office Hours / Room / Phone | Currently not available |
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| Assistant | Assistant E-mail | |||||||||
| Course Objectives | This course aims to provide students a broad understanding of the evolution of economic ideas from the ancient era to modern day. The study of economists remains relevant as it provides important historical perspective both to theory and to policy. Studying the history of ideas leads us to ask how the development of these ideas was related to the economic and social conditions of the time. In this module students are expected to read extracts from the great economists themselves and not to rely exclusively on secondary expositions. |
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| Textbook | Grant, R. (2012). The Evolution of Economic Thought. Cengage. Yueh, L. (2018). The Great Economists - How Their Ideas Can Help Us Today. Penguin Books Berend, I. T. (2016). An economic history of twentieth-century Europe: Economic regimes from laissez-faire to globalization. Cambridge University Press. http://www.hetwebsite.net/het/home.htm | |||||||||
| Additional Literature | ||||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
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| Teaching Methods | The teaching methods will include lecturing, student presentations, class discussions and debates. | |||||||||
| Teaching Method Delivery | Teaching Method Delivery Notes | |||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Introduction | |||||||||
| Week 2 | Introduction and Overview | Chapter 1 | ||||||||
| Week 3 | Mercantilism | Chapter 2 | ||||||||
| Week 4 | The Classical School- Adam Smith | Chapter 5 | ||||||||
| Week 5 | The Classical School- David Ricardo (QUIZ 1) | Chapter 7 | ||||||||
| Week 6 | Marxian school | Chapter 8 | ||||||||
| Week 7 | Midterm Exam | MIDTERM | ||||||||
| Week 8 | The Neoclassical School - Alfred Marshall | Chapter 15 | ||||||||
| Week 9 | The Neoclassical School - Monetary Economics | Chapter 16 | ||||||||
| Week 10 | The Keynesian School - J.M. Keynes / Quiz 2 | Chapter 21 | ||||||||
| Week 11 | Theories of Economic Growth and Development | Chapter 23 | ||||||||
| Week 12 | The Chicago School | Chapter 24 | ||||||||
| Week 13 | John Nesh - A Beautiful Mind | |||||||||
| Week 14 | The New Keynesians | Chapter 22 | ||||||||
| Week 15 | Presentations and review | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs |
| Final Exam | 1 | 40 | 1,2,3,4 | |
| Semester Evaluation Components | ||||
| Midterm | 1 | 30 | 1,2,3,4, | |
| Quiz | 3 | 15 | 1,2,3,4 | |
| Presentation | 1 | 15 | 1,2,4 | |
| *** ECTS Credit Calculation *** | ||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Quizzes | 5 | 3 | 15 | |||
| Home Study | 3 | 15 | 45 | Midterm | 20 | 1 | 20 | |||
| Final | 25 | 1 | 25 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 06/11/2020 | |||||||||