Course: Economics 493/593: The Evolution of Economic Ideas
Professor: Mark Thoma
Office/Hours: PLC 471 on T/Th 2:00-3:00 p.m.
Phone/Email: (541) 346-4673,
[email protected]
Web Page: http://darkwing.uoregon.edu/~mthoma/
Text: The Evolution of Economic Thought, 7th ed., by Brue and Grant.
Prerequisites: Economics 311 and 313, or the equivalent.
GTF/Office/Hours: Alex Twist: [email protected], PLC 507, T/Th: 10:00-11:00.
Tests: There will be two midterms and a final. The midterms will be given on Tuesday, October 21st and Tuesday, November 18th. The final will be given on Tuesday, December 9th from 8:00 a.m. – 10:00 a.m.
Homework: Problem sets will be assigned periodically. These are graded, and exam questions will be based, in part, upon the problem sets.
Grading: Each midterm is worth 25%, the homework counts as 15%, and the
final is worth 35%. Grades will be assigned according to your relative
standing in the class.
Tentative Course Outline:
| Introduction | Ch. 1 |
| The Mercantilist School | Ch. 2 |
| The Physiocratic School | Ch. 3 |
| The Classical School ‑ Forerunners | Ch. 4 |
| The Classical School ‑ Adam Smith | Ch. 5 |
| The Classical School ‑ Thomas Malthus | Ch. 6 |
| The Classical School ‑ David Ricardo | Ch. 7 |
| The Classical School ‑ Bentham, Say, Senior, and Mill | Ch. 8 |
| The Rise of Socialist Thought | Ch. 9 |
| Marxian Socialism | Ch. 10 |
| The Marginalist School ‑ Forerunners | Ch. 12 |
| The Marginalist School ‑ Jevons, Menger, et. al. | Ch. 13 |
| The Marginalist School ‑ Edgeworth and Clark | Ch. 14 |
| The Neoclassical School ‑ Alfred Marshall | Ch. 15 |
| The Keynesian School ‑ John Maynard Keynes | Ch. 21 |
| More Recent Developments |
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