Undergraduate Course: History of Economic Thought (ECNM10018)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 40 |
ECTS Credits | 20 |
| Summary | The 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. 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. |
| Course description |
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.
The course is taught through a programme of lectures and seminars. 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.
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.
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Information for Visiting Students
| Pre-requisites | Visiting 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. |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2016/17, Available to all students (SV1)
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Quota: 16 |
| Course Start |
Full Year |
Timetable |
Timetable |
| 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 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
A 3 hour degree examination in Apri/May (70%) and two essays (one per term) each contributing 15% to the final grade.
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| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | | 3:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- A knowledge and understanding of the development of ideas within the field of economics and a deeper understanding of recent research activity in some more specialised areas.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding.
- Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as qualitative analysis and general IT literacy.
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Reading List
| There is no single text that covers all aspects of this course at an appropriate level. A variety of advanced readings will be used. |
Additional Information
| Graduate Attributes and Skills |
See Learning Outcomes |
| Keywords | HETfull |
Contacts
| Course organiser | Mr Donald Rutherford
Tel: (0131 6)50 8357
Email: D.Rutherford@ed.ac.uk |
Course secretary | Mrs Anna Domagala
Tel: (0131 6)51 5305
Email: Anna.Domagala@ed.ac.uk |
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