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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: History of Economic Thought (ECNM10018)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) Credits40
Home subject areaEconomics Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThe History of Economic Thought is a major branch of both Economics and of the History of Ideas. It traces the development of economic theories and ideas from earliest times to the present. The emphasis is on `thought' rather than on `history', although for some topics a knowledge of the institutional background is indispensable, e.g. when studying the Ancient Greeks or classical monetary disputes. For each topic the development of the economic writers' ideas and theories is carefully set out and secondary literature considered. Biographical information is limited to identifying these writers in the chronology of economics and outlining the major intellectual influences upon them. The course aims to provide a survey of economic theories from Aristotle to Keynes and to give an opportunity to study particular economic ideas and theories in considerable depth. Topics covered include: Ancient Greeks and Aquinas; Mercantilism; Precursors of Adam Smith; Adam Smith; David Ricardo; Classical theories of value and distribution; Classical monetary theory; Malthus; Classical economic policy; Pre-Marxian Socialists; John Stuart Mill; Marx as a classical economist; Jevons; Austrian economics; Marshall on price theory; Marshall on economic methodology and economic policy; The Stockholm School; Keynes and Schumpeter. As well as a direct knowledge and understanding of major contributions to economics over a long time span, the course provides general insights into economic methodology and reasoning, and helps to deepen understanding of modern economic analysis.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Economics 2 (ECNM08006)
Prohibited Combinations Students MUST NOT also be taking History of Economic Thought 1 (ECNM10025) OR History of Economic Thought 2 (ECNM10026)
Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesVisiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses.
Displayed in Visiting Students Prospectus?Yes
Course Delivery Information
Delivery period: 2013/14 Full Year, Available to all students (SV1) Learn enabled:  Yes Quota:  None
Web Timetable Web Timetable
Course Start Date 16/09/2013
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 400 ( Lecture Hours 40, Summative Assessment Hours 3, Programme Level Learning and Teaching Hours 8, Directed Learning and Independent Learning Hours 349 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)3:00
Summary of Intended Learning Outcomes
After successful completion of this course students should have developed their general skills of critical analyss and assessment; obtaining and processing information from a variety of sources; presentation and communication skills; interpersonal and groups skills; independent action and initiative; managing tasks and time.
Assessment Information
A 3 hour degree examination in Apri/May (70%) and two essays (one per term) each contributing 15% to the final grade.
Special Arrangements
Additional Information
Academic description Not entered
Syllabus Not entered
Transferable skills Not entered
Reading list Not entered
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Course organiserMr Donald Rutherford
Tel: (0131 6)50 8357
Course secretaryMs Eirlys Armstrong
Tel: (0131 6)50 9905
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