History of Economic Thought

Universidade Católica Portuguesa

Course Description

  • Course Name

    History of Economic Thought

  • Host University

    Universidade Católica Portuguesa

  • Location

    Lisbon, Portugal

  • Area of Study

    International Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Course overview and objectives
    This course attempts a description of the evolution of the main references of economic theory. Starting in Antiquity, main stress will be placed on the classical and neoclassical schools, analyzing directly the main texts of the basic authors of the science, describing the evolution of Economic Theory. The method used will be oral exposition by the teacher, discussing some specific quotations from each of the books selected.It should be also said that this course is particularly boring and dangerous; boring because will be reading old books by dead people; dangerous because we will be learning wrong and outdated theories. Enter at your peril!!

    Course Content:
    Class 1
    0. INTRODUCTION 
    0.1. Presentation of the course
    0.2. Why study History of Economic Theory?
    0.3. Thought, Analysis and Ideology 

    Class 2
    1. THE ORIGINS 
    1.1. Aristotle

    Class 3
    1.2. St. Thomas Aquinas 

    Class 4
    2. PRE-CLASSIC ECONOMICS 
    2.1. Mercantilists

    Class 5
    2.2. Physiocracy

    Class 6,7
    ADAM SMITH 

    Class 8
    4. THE CLASSIC SCHOOL
    4.1. The Postulates of Nassau Senior 

    Class 9
    4.2. The Classical Model 

    Class 10/11
    4.3. David Ricardo

    Class 12
    4.4. John Stuart Mill 

    Class 13/14
    4.5. Karl Marx 

    Class15
    5. THE NEOCLASSICAL SCHOOL 
    5.1. Antoine Cournot 
    5.2. Marginal Revolution: Jevons, Menger and Walras

    Class 16/17
     5.3. Alfred Marshall 

    Class 17
    5.4. F.Y. Edgeworth e V.Pareto

    Class18
    5.5. Knut Wicksell: Capital and Money 

    Class19
    5.6. Irving Fisher: Money and Capital 

    Class 20
    5.7. Joseph Schumpeter

    Class 21
    5.8. John Maynard Keynes

    Class 22
    5.9. The Neoclassical Synthesis

    Class 23/24
    5.10. Recent Advances in Theory
     

    Grading
    Final text 100%
    Optional essay to be considered on the evaluation

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