Postgraduate Course: Development and Methodology of Economic Thought (ECNM11008)
|School||School of Economics
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||The aim of this course is to promote an appreciation of how economic theory has evolved, in terms of the questions addressed, the types of theory developed to answer these questions, and the philosophical presuppositions of these theories. Lectures provide material on the background, content and assumptions of economic theories and on their comprehension of the appropriate methods of investigation into economic phenomena. The lectures provide guidance as to how particular economic doctrines and more general philosophical and methodological issues may be interpreted and judged. Students' own reading is an essential input to the course: through this reading students can develop their own interpretive and evaluative skills. Students can expect at the end of the course to be better equipped to make their own choices as to questions, theories and approaches, and to understand better the scope and limitations of economic theory.
The course covers the history of economic thought and of ideas concerning the appropriate methods of enquiry in economics, from the pre Enlightenment period up to the present day with particular emphasis on important developments. The treatment will be roughly chronological, with historical and philosophical material interspersed in a relevant manner. The material will be accessible to those who have not previously taken courses in the history of economic thought or the theory of scientific method. The course is organised around six 3-lecture sessions. A lecture outline is set out overleaf with recommendations for initial and background reading. A more detailed outline then follows with topic specific reading recommendations.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email email@example.com in advance to request permission.
Information for Visiting Students
|Pre-requisites||Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email firstname.lastname@example.org in advance to request permission.
|High Demand Course?
Course Delivery Information
|Academic year 2017/18, Available to all students (SV1)
||Block 4 (Sem 2)
|Learning and Teaching activities (Further Info)
Lecture Hours 18,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Final examination in the April/May diet.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
| The aim of this course is to promote an appreciation of how economic theory has evolved, in terms of the questions addressed, the types of theory developed to answer these questions, and the philosophical presuppositions of these theories.
|Recommended Initial Reading|
Milonakis, D. and Fine, B. (2009) From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory, Routledge: London
Screpanti, E. and Zamaggni, S. (2005) An Outline of the History of Economic Thought, Oxford University Press: Oxford.
|Graduate Attributes and Skills
|Course organiser||Mr Robert Mcmaster
|Course secretary||Miss Carole-Anne Marshall
Tel: (0131 6)51 1795