ECON200 History of Economic Thought

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
T P
ECON200 History of Economic Thought 3 0 6 Monday 9.00-11.00, Wednesday 9.00-10.00
Prerequisite ECON112 It is a prerequisite to
Lecturer Dženita Šiljak Office Hours / Room / Phone
Monday:
11:00-13:00
Wednesday:
10:00-12:00
Thursday:
16:00-17:00
B F1.7
E-mail dzsiljak@ius.edu.ba
Assistant Assistant E-mail
Course Objectives This course aims to provide students a broad understanding of the evolution of economic ideas from the ancient era to modern day. The study of economists remains relevant as it provides important historical perspective both to theory and to policy. Studying the history of ideas leads us to ask how the development of these ideas was related to the economic and social conditions of the time. In this module students are expected to read extracts from the great economists themselves and not to rely exclusively on secondary expositions.
Textbook Grant, R. (2012). The Evolution of Economic Thought. Cengage. Yueh, L. (2018). The Great Economists - How Their Ideas Can Help Us Today. Penguin Books Berend, I. T. (2016). An economic history of twentieth-century Europe: Economic regimes from laissez-faire to globalization. Cambridge University Press. http://www.hetwebsite.net/het/home.htm
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Acknowledge the development of ideas within the field economics.
  2. Engage in economic problem framing by assembling and evaluating evidence and arguments.
  3. Communicate in order to critique, create, and develop a strong argumentation regarding econimic systems
  4. Compare and Contrast the various major schools of economic thought
Teaching Methods The teaching methods will include lecturing, student presentations, class discussions and debates.
WEEK TOPIC REFERENCE
Week 1 Introduction
Week 2 Introduction and Overview Chapter 1
Week 3 Mercantilism Chapter 2
Week 4 The Classical School- Adam Smith Chapter 5
Week 5 The Classical School- David Ricardo (QUIZ 1) Chapter 7
Week 6 Marxian school Chapter 8
Week 7 Midterm Exam MIDTERM
Week 8 The Neoclassical School - Alfred Marshall Chapter 15
Week 9 The Neoclassical School - Monetary Economics Chapter 16
Week 10 The Keynesian School - J.M. Keynes / Quiz 2 Chapter 21
Week 11 Theories of Economic Growth and Development Chapter 23
Week 12 The Chicago School Chapter 24
Week 13 John Nesh - A Beautiful Mind
Week 14 The New Keynesians Chapter 22
Week 15 Presentations and review
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 40 1,2,3,4
Semester Evaluation Compenents
Midterm 1 30 1,2,3,4,
Quiz 3 15 1,2,3,4
Presentation 1 15 1,2,4
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 3 15 45 Midterm 20 1 20
Quizzes 5 3 15 Quizzes 5 3 15
Home Study 3 15 45
        Total Workload Hours = 150
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 19/03/2020
QR Code for https://ecampus.ius.edu.ba/course/econ112-introduction-macroeconomics

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