ECO3016F - History Of Economic Thought

18 credits at NQF level 7

Entry Requirements:

ECO2003 and ECO2004. Students from other disciplines may apply to the convenor for admission but they must demonstrate an interest in economics and have a strong academic record.

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.