13511 (v.3) Economics (History of Economic Thought) 508

Area:

School of Economics and Finance

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 3 Hours Weekly

Prerequisite(s):

13504 (v.3) Economics (Growth and Fluctuations) 502 or any previous version
AND
13506 (v.3) Economics (Markets) 503 or any previous version

Syllabus:

Examination of the evolution and current relevance of the major schools of thought in economics on value, distribution, business cycles, the modern corporation, growth and policy. Past approaches examined on the basis of their ability to explain current economic problems of value, growth, distribution and cycles are chosen from the classical, Marxist, neoclassical, institutionalist, Keynesian, Schumpeterian and Austrian Schools.

Unit Outcomes:

On successfully 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. Become able 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. (1997). A History of Economic Theory and Method. (fourht edition). New York, McGraw-Hill.

Unit Assessment Breakdown:

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

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