History of Economic Thought
Level:
Master's Course Status:
Elective CEU code:
ECON 5150 - History of Economic Thought CEU credits:
2 ECTS credits:
4 Term:
2nd Academic year:
2010/2011 Semester:
Winter Host Unit:
Department of Economics Co-hosting Unit(s) [if applicable]:
Department of International Relations and European Studies Academic Program:
CEU Instructor(s):
Julius Horváth Additional information:
Syllabus Topics
• Classical Greek and Medieval Thought
• Mercantilists and Physiocrats
• Classical Period; Marx, Utopians
• Marginalist Revolution
• British Contribution; Austrian Contribution
• German Historical School
• American Contribution
• Socialist Calculation Debate, Kornai,
• From the Other Side: Veblen, Hirschman, Galbraith
FOR 2ND YEAR MA IN ECONOMIC POLICY IN GLOBAL MARKETS STUDENTS THE COURSE WILL BE LAUNCHED IN AY 2011/2012. Learning Outcomes:
The syllabus covers wide ranging areas. In this course students are able to understand some
historically important articles and concepts of the political economy. They acquire a broad
understanding of the evolution of economic thinking in the period of last more than two thousand
years. The emphasis is on theoretical aspects, on societal milieu however issues relevant to
policy are also considered. Assessment :
Presence 10%, class presentation 40%; 50% final paper. Full description:
This course presents systematic review of the history of economic thinking
and economic analysis.
The main goal of this course is to provide students with
understanding of historical evolution of economic thought. In other words, this course tries to
explain how economic thinking got to be where it is today. In addition students are also led to
formulate their own research question in the topic of their interest. This course does not examine
what actually happened in the past but rather a history of theories about how the economy worked
in the past. Nonetheless, we will discuss to a certain extent economic history, since
understanding what was going on in the economy in past helps to understand how people
conceptualized the economy.
