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History of Economic Ideas (9541.1)

Level: Undergraduate Third Year Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

    Unit Outlines

    To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

    • Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150117) - View
    • Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150275) - View
    • Semester 2, 2016, ONLINE, BRUCE (150758) - View
    • Flexible and Self Paced Period 8, 2016, SELF-PACED, BRUCE (150425) - View
    • Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150514) - View
    • Winter Term, 2016, ONLINE, BRUCE (152458) - View
    • Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152759) - View

    If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

    Syllabus

    Student will study the history of economic thought to understand why individuals, firms, and governments make certain choices. The history of economic thought represents a wide diversity of theories within the discipline, but all economists address these three basic questions: what to produce, how to produce it, and for whom. Studying the history of economic thought, identifies policies presented as great innovations today are actually founded upon centuries-old writings. Students will learn that without a clear sense of the discussions and debates that took place among economists of the past, the modern economist lacks a complete perspective. By examining the history of economic thought, students will be able to categorize and classify thoughts and ideas and will begin to understand how to think like an economist.

    Learning Outcomes

    On successful completion of this unit, students will be able to:

    1. Explain and analyze the development of economics as a discipline in various ancient cultures;

    2. Trace the development of European economic thought, and analyze concepts in historical context;

    3. Compare and contrast as well as discuss classical economic theories; and

    4. Synthesize the elements of neoclassical and Keynesian approaches in the modern era.

    Assessment Items

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    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9518 Foundations of Microeconomics OR 6355 Introduction to Economics

    Corequisites

    None.

    Assumed Knowledge

    None.

    Incompatible Units

    NONE.

    Equivalent Units

    NO.



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