History of Economic Thought
Course ID:
Semester: 5th
Year of Study:
Category: Economics Elective
For Erasmus Students: Όχι
Learning Outcomes
The course introduces students to basic concepts of the History of Economic Thought, which is essential for every student of Economic Sciences. After successful completion of the course, students are expected to:
- Have the ability to understand the evolutionary course of the development of economic thinking.
- Understand the contribution of major economists in the past to building modern economic analysis.
- Process and critically evaluate the arguments of each school of economic thought.
- Can use rationale and corresponding arguments on issues of modern economic policy.
Course Contents
The ancient authors. Medieval economic thought. The mercantilists. The Physiocrats. The transition period. The Classics. Adam Smith, Malthus, Ricardo, Marx. The beginnings of mathematical economics. The socialists. Marginalism & the neo-classical approach. The contribution of Keynes. Schumpeter & the theory of economic development. Monetarism. Galbraith and “the new industrial state”. The New-Classical School. The New-Keynesian School. New-Marxists & radical economists. Recent developments in economic theory.
Teaching Activities
Lectures (3 hours per week)
Teaching Organization
Activity |
Semester workload |
Lectures |
13X3 = 39 hours |
Reading |
111 hours |
Total number of hours for the Course (25 hours of work-load per ECTS credit) |
150 hours (total student work-load) |
Assessment
End of semester final written exam
Use of ICT
Use of IT in teaching, and in communication with the students (e-class).