Course: Economics 493/593: The Evolution of Economic Ideas
Professor: Mark Thoma
Office/Hours: PLC 471 on T/Th 3:30-4:30 p.m.
Phone/Email: (541) 346-4673, [email protected]
Class Web Page: http://economistsview.typepad.com/economics493/
Text: History of Economic Thought: A Critical Perspective, by E.K. Hunt and Mark Lautzenheiser.
Prerequisites: Economics 311 and 313, or the equivalent.
GTF/Office/Hours: Nicholaus Hockensmith, PLC 405, T/Th 10:30-11:30
Tests: There will be a midterm and a final. The midterm will be given on Tuesday, February 14th, and the final will be given on Thursday, March 22nd at 1:00 p.m.
Homework: Problem sets will be assigned periodically. These are graded, and exam questions will be based, in part, upon the problem sets.
Grading: The midterm is worth 35%, the homework counts as 15%, and the final is worth 50%. 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. 2 |
| The Classical School ‑ Adam Smith | Ch. 3 |
| The Classical School ‑ Thomas Malthus | Ch. 4 |
| The Classical School ‑ David Ricardo | Ch. 5 |
| The Classical School ‑ Bentham, Say, and Senior, and Mill | Ch. 6 |
| The Classical School ‑ Mill | Ch. 8 |
| The Rise of Socialist Thought and Marxian Socialism | Ch. 9 |
| The Marginalist School ‑ Jevons, Menger, and Walras | Ch. 10 |
| The Neoclassical School ‑ Marshall and Clark | Ch. 11 |
| The Institutionalists - Veblen (time permitting) | Ch. 12 |
| Neoclassical Welfare Economics - Edgeworth | Ch. 14 |
| The Keynesian School ‑ Keynes | Ch. 15 |
| More Recent Developments | Ch. 17 |
Comments