10827 (v.3) History of Economic Thought 302

Area:

School of Economics and Finance

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 3 Hours Weekly

Prerequisite(s):

8931 (v.5) Economics (Markets) 203 or any previous version
AND
9792 (v.7) Economics (Growth and Fluctuations) 202 or any previous version

Syllabus:

An examination of the evolution and current relevance of the major schools of thought in economics, focusing on the themes of value, distribution, business cycles, growth, and economic policy. The schools of economic thought covered are chosen from the classical, Marxist, Neoclassical, Institutionalist, Keynesian, Schumpeterian and Austrian schools of economics.

Unit Outcomes:

On successful completion of this unit students will have - Gained an understanding of the evolution of economic theory and policy with an emphasis on the themes of value, distribution, growth and business cycles. Gained an overview of the major schools of thought (present and past) in economics. Developed the ability to link the past masters of economics to current problems of the economy and have examined historical perspectives that still have currency in the present. Developed an understanding of economics as a discipline of social science and an understanding of how society functions as an integrated whole.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

No prescribed references

Unit Texts:

Ekelund, R.B. and Hebert, R.F. (1997). A History of Economic Theory and Method. (fourth edition). New York, McGraw-Hill.

Unit Assessment Breakdown:

Seminar Presentation 10%. Essay 30%. Final Examination 60%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 2	Y		Y