Hist Econ (Weekly Learning Goals)

 

Week

TOPIC

LEARNING GOALS AND STUDYING OBJECTIVES

1

Introduction Of Teaching Methods And Performance’s Expectations, Rules Of Discipline And Training Philosophy

 

2

Prologue To Economics

·        What Is Economics, The History Of Economics

·        View The Past Through The Lens Of The Present

·        The Story Told Here

 And

The Ancient World

·        Homer And Hesiod, Xenophon’s Oiknomikos

·        Plato’s Ideal State, Aristotle On Justice And Exchange, Aristotle And The Acquisition Of Wealth, Rome, Conclusions

·        Understand the basic meaning of economics and the background of history of economics

·        Analyze the past through the lens of the present and differentiate the concepts

·        Compare Homer and Hesiod

·        Assess the importance of Xenophon

·        Comprehend Plato and Aristotle

·        Discuss the rise of Rome and the economics of the Empire

 

3

The Middle Ages

·        The Decline Of Rome, Judaism, Early Chritisanity

·        Islam, From Charles Martel To The Black Death

·        The 12th Century Renaissance And Economics In The Universities

·        Nicolas Oresme And The theory Of Money, Conclusions

·        Understand the causes forcing the fall of Rome

·        Comprehend the rise of the Judaism and compare it with Early Christianity

·        Analyze Islam and the concept of economics of the Muslims

·        Interpret the development of Economics from Charles Martel to the Black Death

·        Assess the importance of economics as science in universities since the 12th century

·        Appreciate the contribute of Nicolas Oresme to the thoughts of economics


 

 

4

The Emergence Of The Modern World View – The 16th Century

·        The Renaissance And The Emergence Of The Modern View, The Reformation, The Rise Of The European Nation State, Mercantilism, Machiavelli

·        The School Of Salamanca And American Treasure

·        England Under The Tutors, Economics In The 16th Century

·        Understand the renaissance and the emergence of a modern view of economics

·        Analyze the economics during the reformation era until the rise of the concept of European Nation State

·        Comprehend the importance of mercantilism in Europe as trade between nation gain importance

·        Comprehend the thoughts of Machiavelli

·        Have a clear concept of the school of Salamanca and the establishment of the American treasure

·        Evaluate the economics in England under the Tudors and during the 16th Century

              5

Sciences, Politics And Trade In The 17th Century England

·        Background, Science And The Science Of The Royal Society, Political Ferment

·        Economic Problems – Dutch Commercial Power And The Crisis Of The 1620s, The Balance Of Trade Doctrine, The Rate Of Interest And The Case For Free Trade, The Recoinage Crisis Of The 1960s

·        Economics In The 17th Century

·        Understand the rise of science as fundamental method of knowledge

·        Comprehend the political ferment in Europe while the Dutch gain commercial power

·        Assess what caused the crises of the 1620s

·        Analyze the Trade Doctrine, the rate of interest and the case for free trade

·        Conceptualize the recoinage crisis of the 1960s and the economics in the 17th century

6

Absolutism And Enlightenment In The 18th Century France

·        Problems Of The Absolute State, Early 18th Century Critics Of Mercantilism, Cantillion On The Nature Of Commerce In General

·        The Enlightenment, Physiocracy, Turgot

·        Economic Thought Under The Ancient Regime

·        Understand the Problems Of The Absolute State and the Early 18th Century Critics Of Mercantilism

·        Study Cantillion On The Nature Of Commerce In General

·        Differentiate between The Enlightenment and the movement of the physiocrats

·        Comprehend Turgot and

·        Economic Thought Under The Ancient Regime

7

The Scottish Enlightenment Of The 18th Century

·        Background, Hutchenson, Hume, Sir James Stuart

·        Adam Smith, Division Of Labor And The Market

·        Capital Accumulation, Smith And Laissez Faire

·        Economic Thought At The End Of The 18th Century

Classic Political Economy, 1790 – 1870

·         From Moral Philosophy To Political Economy, Utilitarism And The Philosophic Radicals

·        Ricardian Economics, Alternatives To Ricardian Economics, Government Policy And The Role Of The State, Money

·        Understand and differentiate amongst Hutchenson, Hume, Stuart and Adam Smith

·        Be able to comprehend the interaction between division of labor and the market

·        Analyze the concept of capital accumulation

·        Assess the important of Smith’s theory of Laisses faire and the economic thought at the end of the 18th century

·        Differentiate between Moral Philosophy and Political Economy

·        Compare Utilitarism And The Philosophic Radicals

·        View the arrival of the Ricardian Economics and the alternatives To Ricardian Economics

·        Evaluate the Government Policy And The Role Of The State while comprehend the concept of Money

·        Assimilate the different ideas and concepts between Stuart Mill and Karl Marx

8

Week 8 Mid Term Written Test Quiz 20% (Covering academic program covered from Week 1 to 7)

9

The Split Between History And Theory In Europe, 1870 – 1914

·        The Professionalization Of Economics, Jevons, Walras And Mathematical Economics, Economics In Germany And Austria, Historical Economics And The Marshallian School In Britain

·        European Economic Theory, 1900 – 1914

·        Understand the rise of the need of The Professionalization Of Economics

·        Analyze the concepts of Jevons, Walras And Mathematical Economics

·        Study the European schools of Economics In Germany And Austria

·        Comprehend the Historical Economics And The Marshallian School In Britain

·        Assess the European Economic Theory, 1900 – 1914

10

The Rise Of American Economic, 1870- 1939

·        US Economics In The Late 19th Century,  John Bates Clark, Mathematical Economics

·        Thornstein Veblen, John R. Commons

·        Inter War Pluralism, Inter War Studies Of Competition, The Migration Of European Academics

·        US Economics In The Mid-20th Century

·        Analyze the US Economics In The Late 19th Century

·        Compare John Bates Clark, Mathematical Economics, Thornstein Veblen, and John R. Commons

·        Differentiate between Inter War Pluralism and Inter War Studies Of Competition

·        Comprehend  The Migration Of European Academics and the links with the US Economics In The Mid-20th Century

11

Money And The Business Cycle, 1898 – 1939

·        Wicksells’s Cumulative Process, The Changed Economic Environment

·        Austrian And Swedish Theories Of The Business Cycle, Britain: From Marshall To Keynes

·        The American Tradition , Keynes’s General Theory

·        The Keynesian Revolution, The Transition From Inter War To Post Second World War Macroeconomics

·        Know Wicksells’s Cumulative Process and The Changed Economic Environment

·        Differentiate between the Austrian And the Swedish Theories Of The Business Cycle

·        Be able to discuss the theories from Marshall to Keynes

·        Discover The American Tradition

·        Explore Keynes’s General Theory and the Keynesian Revolution

·        Elaborate on The Transition From Inter War To Post Second World War Macroeconomics

             12

Econometrics And Mathematical Economics, 1930 To Present

·        The Mathematization Of Economics, The Revolution In National Income Accounting, The Professionalization Of Economics, Jevons, Walras And Mathematical Economics

·        Economics In Germany And Austria, Historical Economics And The Marshallian School In Britain

·        European Economic Theory, 1900 – 1914

·        Discover The Mathematization Of Economics

·        Be able to discuss The Revolution In National Income Accounting

·        Understand the birth of The Professionalization Of Economics

·        Compare Jevons, Walras And Mathematical Economics

·        Differentiate the Economics In Germany And Austria

·        Analyze the Historical Economics And The Marshallian School In Britain

·        European Economic Theory, 1900 – 1914

13

Welfare Economics And Socialism, 1870 To The Present

·        Socialism And Marginalism, The State And Social Welfare, The Lausanne School

·        The Socialist Calculation Debate, Welfare Economist 1930 – 1960, Market Failure And Government Failure

·        Conclusions

·        Differentiate between Socialism And Marginalism

·        Define The State And Social Welfare

·        Describe The Lausanne School

·        Understand The Socialist Calculation Debate

·        Comprehend Welfare Economist 1930 – 1960

·        Analyze Market Failure And Government Failure

 

14

Week 14 Pre Final Exam Written Test 20% (Covering academic program covered from Week 8 to 12)

 

15

Economists and Policy, 1939 To The Present

·        The Expanding Role Of The Economics Profession

·        Keynesian Economics And Macroeconomic Planning

·        Inflation And Monetarism, The New Classical Macroeconomics, Development Economics

·        Conclusions

·        Introduce The Expanding Role Of The Economics Profession

·        Differentiate between Keynesian Economics And Macroeconomic Planning

·        Distinguish among Inflation And Monetarism

·        Understand The New Classical Macroeconomics

·        List the so called Development Economics

 

 

 

 

16

Expanding The Discipline, 1960 To The Present

·        Applied Economics, Economic Imperialism

·        Heterodox Economics, New Concepts And New Techniques, Economics In The 20th Century

 

Epilogue : Economists And Their History

·        Know the Applied Economics

·        Define what is the Economic Imperialism

·        Understand what is Heterodox Economics

·        Comprehend New Concepts And New Techniques

·        Determine the challenges for Economics In The 20th Century

 

Week 16 Homework and research 10% (Homework 5% + Research 5%)

              17

Week 17 Pre Final Exam Written Test 20% (Covering academic program covering from Week 13 to 16)

 

18

END OF SEMESTER

 

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