IET108 History of Economic Thought

Code IET108
Name History of Economic Thought
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Academic
Field of study Economics
Faculty
Academic staff Leonīds Krilovs, Aleksandrs Fedotovs
Credit points 3.0 (4.5 ECTS)
Parts 1
Annotation Earliest evidence of economic thought. Ancient economic thought. Mercantilism doctrine and practice. Classical economic thought: French classical school, English classical school. Neo-classical economic thought: pioneers of neoclassicism, Vienna school, mathematical school, English-American neo-classical school. German historical school: dispute on the method. Institutional school: institutional analysis and industrial state. J. M. Keynes: The General Theory of Employment, Interest and Money. Post-Keinesian macro economics in Europe and the USA. New Keinesian economics. Monetarism..
Goals and objectives
of the course in terms
of competences and skills
The aim: to acquire basic knowledge on the history of economic thought. The tasks: to be able to characterize the historic development of economic thought in Europe and the USA starting from the 18th century up to date. To be able to compare and give assessment of the schools and trends of economic thought and contribution of researchers to economic theory and practice.
Learning outcomes
and assessment
Basic knowledge acquired on the history of economic thought: its structure and dynamics, schools and trends, researcher contribution to economic theory and practice. - Understanding of knowledge, problems and solutions acquired is assessed by the teacher on the basis of homework done.
To be able to identify and characterize the trends, schools and personalities of economic thought. - Knowledge of the student on the specific isssue is assessed by the teacher during the seminars.
To be able to assess the personal contribution of researchers to economic theory. - Presentation and defence of the report assessed by the teacher and the reviewer.
To be able to see and understand the common and different opinions on the market and national economy and to be able to present their own opinion. - Knowledge of the student on the specific isssue is assessed by the teacher during the seminars.
Course prerequisites economic theory,microeconomics,macroeconomics

[Extended course information PDF]