History of Economic Ideas (9541.1)

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Unit Outlines

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• 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

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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

Prerequisites

None