Course Details

HISTORY OF ECONOMICS

ECON208

Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
4ECON208HISTORY OF ECONOMICS 3+0+035

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course Showing examples of theories that differ from modern mainstream theory and
showing that the theoretical basis of economics has been, and is still being,
contested.Providing knowledge about the development of economics in
historical/chronological context.
Introducing the major ideas associated with each group or thinker studied,
and thereby help students better comprehend the origins of contemporary
theory.
Course Content The course aims to augment students' understanding of economics acquired
in previous courses by delving into the key milestones in the evolution of the
field. It broadly explores the development of economic theories, investigating
the conditions under which they emerged, the order of their evolution, and the
questions to which they responded. The emphasis is on historical subjects and
aspects within economic theories, including the classical school of thought,
marginal utility theory, and Keynesian ideas. Throughout the course, there is
a focus on illustrating how real socio-economic phenomena influence the
progression of economic theory.
Course Methods and Techniques In this course on the History of Economics, we will adopt a discussion-based teaching methodology, emphasizing student engagement and critical thinking. Classes will blend brief lectures with extensive student-led discussions and debates on key economic theories and their evolution. This approach encourages students to critically analyze and articulate different economic perspectives. Active participation is emphasized, fostering a collaborative environment where students can explore the development of economic thought and its implications for contemporary economic issues. Through this interactive and reflective learning process, students will enhance their analytical skills and deepen their understanding of the history of economics.
Prerequisites and co-requisities None
Course Coordinator Asist Prof.Dr. TAMER GÜVEN https://avesis.agu.edu.tr/tamer.guven tamer.guven@agu.edu.tr
Name of Lecturers Asist Prof.Dr. TAMER GÜVEN
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002. Kishtainy, Niall. A Little History of Economics. Yale University Press, New Haven, 2018. Skousen, Mark. The Making of Modern Economics: The Lives and Ideas of the Great Thinkers. 4th ed., Routledge, Taylor & Francis Group, New York, 2022.
Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.

Kishtainy, Niall. A Little History of Economics. Yale University Press, New Haven, 2018.

Skousen, Mark. The Making of Modern Economics: The Lives and Ideas of the Great Thinkers. 4th ed., Routledge, Taylor & Francis Group, New York, 2022.
Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002. Kishtainy, Niall. A Little History of Economics. Yale University Press, New Haven, 2018. Skousen, Mark. The Making of Modern Economics: The Lives and Ideas of the Great Thinkers. 4th ed., Routledge, Taylor & Francis Group, New York, 2022.

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Yarıyıl İçi Çalışmalarının Başarı Notunun Katkısı 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Sınıf İçi Aktivitesi 14 3 42
Okuma 12 4 48
Araştırma 12 3 36
Kişisel Çalışma 12 2 24
Total Work Load   Number of ECTS Credits 5 150

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 LO1. Describe the historical roots of current economic concepts.
2 LO2. Explain the evolution of economics as a science.
3 LO3. Summarize Adam Smith’s, David Ricardo’s, and Karl Marx’s contributions to the theory of the market.
4 LO4. Show mechanisms behind the marginal utility theory.
5 LO5. Distinguish the differences and similarities between Keynesian ideas and classical theory.
6 LO6. Analyze thoughts of different types of schools/thinkers such as Keynesian, Ricardian, classical and neoclassical schools.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction, Early Preclassical Economic Thought, Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
2 Adam Smith Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
3 Ricardo and Malthus Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
4 J.S. Mill and the Decline of Classical Economics, Karl Marx and His Critique of Classical Economics Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
5 Jevons, Menger, and the Foundations of Marginal Analysis Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
6 Karl Marx and the Foundation of Communist Economic Thought Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
7 Alfred Marshall and Neoclassical Economics Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
8 Walras and General Equilibrium Theory Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
9 Institutional and Historical Critics of Neoclassical Economics Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
10 Austrian Critique of Neoclassical Economics and the Debate about Socialism and Capitalism Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
11 The Development of Modern Microeconomic Theory Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
12 The Development of Modern Macroeconomic Theory Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
13 The Development of Econometrics and Empirical Methods in Economics Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.
14 The Development of Modern Heterodox Economic Thought Landreth, Harry, and David C. Colander. History of Economic Thought. 4th ed., Houghton Mifflin, Boston, ©2002.


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 2 1 2 1 1
C2 1 1 2 1
C3 1 1 2 4 2
C4 2 1 3
C5 2 2 1 5 1
C6 1 2 2 5 1 1

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


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