History of Economic Thought

DESCRIPTION: 
The development of economic ideas from medieval times to the mid-nineteenth century. The origins of modern economic theory. Economics in the context of history, politics, and culture.

RATIONALE: 
The course introduces the student to issues relating to the origins, development and progress of economic theory. It is essential, especially for the economics student, since it renders modern economics historically meaningful. It helps classify and order economic knowledge and lends perspective.

LEARNING OUTCOMES: 
As a result of taking this course, the student should be able to:
1. Identify the main epistemological issues that relate to the development of (and possibly progress made in) economics as a science.
2. Demonstrate detailed knowledge of the main schools of economic thought, as they developed historically from the Middle Ages to the commercial era and the Industrial Revolution.
3. Name the major proponents of these schools and explain their contribution to economic thought.
4. Analyze the process of development in economic ideas in terms of the historical, social and intellectual context in which such ideas are forged.
5. Analyze and critically evaluate the contributions of major schools of economic thought to the development of economics.

METHOD OF TEACHING AND LEARNING: 
In congruence with the learning and teaching strategy of the college, the following tools are used:
- Classes consist of lectures and class discussions.
- Office hours: students are encouraged to make full use of the office hours of their instructor, where they can ask questions and go over lecture material.
- Use of a blackboard site, where instructors post lecture notes, assignment instructions, timely announcements, as well as additional resources.