Course Details

Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits	Last Updated Date
4	ECON208	HISTORY OF ECONOMICS	3+0+0	3	5	14.05.2025

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	Research Assist. Yavuz Selim Karaburun yavuz.karaburun@agu.edu.tr
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.
Course Notes	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.
Documents	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.
Assignments	-
Exams	-

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
Final Sınavı	1	2	2
Total Work Load			Number of ECTS Credits 5 152

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

No	Learning 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

Week	Topics	Materials
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	P9
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

https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=70489&lang=en

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