Hist Econ (Weekly Review Plan)

Course’s Weekly Review Plan

2 Prologue To Economics

·        What Is Economics, The History Of Economics

·        View The Past Through The Lens Of The Present

·        The Story Told Here


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

·    What is Economics and how can you define it? And what is the difference between Macroeconomics and Microeconomics? What is the difference between Positive and Normative Economics?

·    Who is Homer and what is his idea of economics? And how do you compare him to Hesiod?

·    Xenophon is considered one of the early economists? Can you explain why?

·    What is Plato’s concept of Ideal State?

·    Can you explain the concepts of Justice and Exchange in Aristotle?

·    While Aristotle was not so convinced that acquisition of wealth was not good for the economy?

·    Tell me about the economics of the Roman 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

·    Can you tell me what were the causes determining the decline and final fall of the Roman Empire

·    Why the Judaism, basically a religion, became a powerful economic lobby after the fall of the Roman Empire?

·    Can you tell me something about the concept of economics in the Early Christianity

·    Why for Islam good economics was fundamental for expansion?

·    What happen in the period going from Charles Martel to the Black Death?

·    Can you tell about the Renaissance period? And why economics started to be considered a discipline at universities?

·    Who was Nicolas Oresme and what is the theory of Money

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

·    What is the importance of the Renaissance? And what we intend with Modern View?

·    Tell me about the reformation. What do you know?

·    What we intend with the concept of European Nation State?

·    What is Mercantilism?

·    Can you introduce to me Machiavelli?

·    Can you tell me about the School of Salamanca?

·    Why English economy improved and developed under the Tudors?

·    Can you discuss about economics in 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

·    Can you describe to me the new concept of Science in the 17th century in England?

·    What was the political ferment of that time?

·    Tell me about the rise of the Dutch commercial power?

·    What caused the crisis of the 1620s?

·    Can you explain the Balance of the Trade Doctrine?

·    What was the idea behind rate of interest and free trade?

·    Tell me what do you know about 1690s?

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

·    What was the idea of Absolute State?

·    Why suddenly people criticized the concept of Mercantilism in the 18th century?

·    Who was and what was the thought of Cantillion?

·    Tell me something about the Enlightenment?

·    Who were the Physiocrats?

·    What was thinking Turgot?

·    What happened 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

·    What do you know about Hutchenson?

·    What was the thought of Hume?

·    What were the main ideas of Sir James Stuart?

·    What was the thought of Adam Smith?

·    How Divison of Labor and Market were actually understood?

·    What was the main idea of capital accumulation?

·    What does it means in Economics laissez faire?

·    What was the Economic thought at the end of the 18th Century?

·    Can you define Moral Philosophy? Can you compare with Political Economy?

·    What is Utilitarism?

·    How can you describe the Philosophic Radicals?

·    Can you tell me about Ricardian Economics?

·    What is the Government Policy and the role of the State?

·    What is the role of Money?

·    What’s the difference between John Stuart Mill and Karl Marx?

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

·  Why suddenly there was need of professionalization of Economics?

·  Can you tell something about Jevons? Walras? And define Mathematical economics?

·  Can you differentiate between the German School and the AustrianSchool of economics?

·  What is Historical Economics?

·  Why was important the Marshallian School in Britain?

·  Can you discuss the European Economic Theorybetween 1900 and 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

·  What was the situation in the US economics in the late 19th Century

·  What was the main idea of John Bates Clark?

·  Can you illustrate Mathematical Economics?

·  What is the main economic theory of Thornstein Vebler?

·  Who was John R. Commons? And why he is considered an important economist?

·  What we intend with Inter War Pluralism?

·  Whar are the Inter War Studies of Competition?

·  Why there was Migration of European Academics to US?

·  Can you describe US economics in the Middle of the 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

·  What is Wicksells Cumulative Process?

·  Can you describe The Changed Economic Environment from 1898 to 1939?

·  Can you compare the Austrian and Swedish Theories of the Business Cycle?

·  What happened in Britain with Marshall and Keynes?

·  What we intend with The American Tradition?

·  Can you explain the Keynes’s General Theory?

·  Can you explain The Keynesian Revolution?

·  How changed the idea of Macroeconomics in between the wars?

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

·  Can you describe The Mathematization of Economics?

·  What is the meaning of The Revolution in National Income Accounting?

·  Can you describe The Professionalization of Economics?

·  Can you describe Jevons?

·  Can you introduce Walras and Mathematical Economics?

·  What is the difference in Economics in Germany and Austria?

·  What is Historical Economics?

·  How can you describe The Marshallian School in Britain?

·  What is the European Economic Theory during the period from 1900 to 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

·  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

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

·  Can you explain The Expanding Role of the Economics Profession?

·  Can you define Keynesian Economics and Macroeconomic Planning?

·  What is Inflation?

·  What is Deflation?

·  What is Stagflation?

·  What is monetarism?

·  Can you describe the basic ideas of the New Classical Macroeconomics?

·  What are the 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

·  What is Applied Economics?

·  Can you give your opinion about Economic Imperialism? It is a positive or negative doctrine? And why?

·  Can you define Heterodox Economics?

·  What are the New Concepts and New Techniques of Contemporary Economics?

·  Can yu discuss some of the issues of Economics in The 20th Century?



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