ECON200 History of Economic Thought
ECON200 History of Economic Thought
Syllabus | International University of Sarajevo - Last Update on Mar 03, 2026
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Economics
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.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required 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
Additional Literature
Teaching Methods
The teaching methods will include lecturing
Student presentations
Class discussions and debates.
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Introduction | |
| 2 | Introduction and Overview | Chapter 1 |
| 3 | Mercantilism | Chapter 2 |
| 4 | The Classical School- Adam Smith | Chapter 5 |
| 5 | The Classical School- David Ricardo (QUIZ 1) | Chapter 7 |
| 6 | Marxian school | Chapter 8 |
| 7 | Midterm Exam | MIDTERM |
| 8 | The Neoclassical School - Alfred Marshall | Chapter 15 |
| 9 | The Neoclassical School - Monetary Economics | Chapter 16 |
| 10 | The Keynesian School - J.M. Keynes / Quiz 2 | Chapter 21 |
| 11 | Theories of Economic Growth and Development | Chapter 23 |
| 12 | The Chicago School | Chapter 24 |
| 13 | John Nesh - A Beautiful Mind | |
| 14 | The New Keynesians | Chapter 22 |
| 15 | Presentations and review |
Course Schedule (All Sections)
Office Hours & Room
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Midterm
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Quiz
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Presentation
AI: Not AllowedAlignment with Learning Outcomes : 1 2 4
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 6 ECTS credit course corresponds to 150 hours of total student workload, distributed as follows:
Lecture Hours
45 hours ⏳ (15 week × 3 h)
Quizzes
15 hours ⏳ (3 week × 5 h)
Home Study
45 hours ⏳ (15 week × 3 h)
Midterm
20 hours ⏳ (1 week × 20 h)
Final
25 hours ⏳ (1 week × 25 h)
150 Total Workload Hours
6 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [ECON200] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Mar 03, 2026 | International University of Sarajevo
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Referencing Curricula Print this page
| 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 | Office Hours / Room / Phone | Currently not available |
||||||||
| 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 | |||||||||
| Additional Literature | ||||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
|
||||||||||
| Teaching Methods | The teaching methods will include lecturing, student presentations, class discussions and debates. | |||||||||
| Teaching Method Delivery | Teaching Method Delivery Notes | |||||||||
| 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 | AI Usage |
| Final Exam | 1 | 40 | 1,2,3,4 | Not Allowed | |
| Semester Evaluation Components | |||||
| Midterm | 1 | 30 | 1,2,3,4, | Not Allowed | |
| Quiz | 3 | 15 | 1,2,3,4 | Not Allowed | |
| Presentation | 1 | 15 | 1,2,4 | Not Allowed | |
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Quizzes | 5 | 3 | 15 | |||
| Home Study | 3 | 15 | 45 | Midterm | 20 | 1 | 20 | |||
| Final | 25 | 1 | 25 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 27/03/2026 | |||||||||