History of Economic Thought

History of Economic Thought, photo: Bkwillwm@Wikimedia

Course ID: 
Year of Study: 
For Erasmus Students: 

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


Semester workload


13X3 = 39 hours


111 hours

Total number of hours for the Course (25 hours of work-load per ECTS credit)

150 hours (total student work-load)


End of semester final written exam

Use of ICT

Use of IT in teaching, and in communication with the students (e-class).

Course Info

Current Tutors


Patronis Vassilis

Patronis Vasilis
Field of Expertise: 
Economic History - History of Economic Thought
Office Hours: 
Tuesday 12.00-14.00
Wednesday 13.00-15.00

Reading List

Reading Recommendations: 
Η εξέλιξη της οικονομικής σκέψης και των οικονομικών θεωριών, Βασίλειος Σ. Πατρώνης, https://service.eudoxus.gr/search/#a/id:86201774/0