COURSE UNIT TITLE

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR SAADET KASMAN

Offered to

Economics (English)

Course Objective

This course involves a critical examination of the major schools of economic thought from the seventeenth through the twentieth century. Particular emphasis is given to pre-capitalist 17th century mercantilist economies, classical economics of Adam Smith, David Ricardo, Thomas Robert Malthus and John Stuart Mill, challenges to Classical school, particularly Karl Marx, neo-classical economics as well as the critical views of Thorstein Veblen. John Maynard Keynes and Keynesian economics, and the liberal views of Friedrich Hayek will construct the most important part of the review of the twentieth century economic thought. Contemporary mainstream and alternative views will also be examined.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

Cantillon, Richard An Essay on Economic Theory
Smith, Adam Wealth of Nations
Malthus, Thomas Robert An Essay on the Principle of Population
Ricardo, David On the Principles of Political Economy and Taxation
Mill, John Stuart On Liberty
Marx, Karl Capital: A Critique of Political Economy (v.1)
Marshall, Alfred Principles of Economics
Veblen, Thorstein The Theory of the Leisure Class
Keynes, John Maynard The General Theory Of Employment, Interest, And Money
Hayek, Friedrich The Road to Serfdom
Screpanti, Ernesto and Stefano Zamagni (2005). An Outline of the History of Economic Thought. New York: Oxford University Press.

Planned Learning Activities and Teaching Methods

Lectures, readings and paper presentation

Assessment Methods

Further Notes About Assessment Methods

There will be two in-class examinations and students are expected to write a term paper. Each paper is to be typed with font size 12 , double-spaced and no longer than 20 pages including references. Students are expected to come up with a topic by the end of the third week of the semester.

Assessment Criteria

Students will demonstrate understanding of basic schools of thought in economic history.
Students will be able to demonstrate the relationships between different schools of thought.
Students will demonstrate understanding of historical and contemporary approaches of economic thought.
Students will be able to create an original idea and write a paper based on it.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Dr. M. Erdem ÖZGÜR
Faculty of Business
Department of Economics

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes