Course Description
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Course Name
History of Economic Thought
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Host University
Universidade Católica Portuguesa
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Location
Lisbon, Portugal
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Area of Study
International Economics
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Language Level
Taught In English
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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.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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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and dangerous; boring because will be reading old books by dead people; dangerous because we will be learning wrong and outdated theories.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 IdeologyClass 2
1. THE ORIGINS
1.1. AristotleClass 3
1.2. St. Thomas AquinasClass 4
2. PRE-CLASSIC ECONOMICS
2.1. MercantilistsClass 5
2.2. PhysiocracyClass 6,7
ADAM SMITHClass 8
4. THE CLASSIC SCHOOL
4.1. The Postulates of Nassau SeniorClass 9
4.2. The Classical ModelClass 10/11
4.3. David RicardoClass 12
4.4. John Stuart MillClass 13/14
4.5. Karl MarxClass15
5. THE NEOCLASSICAL SCHOOL
5.1. Antoine Cournot
5.2. Marginal Revolution: Jevons, Menger and WalrasClass 16/17
5.3. Alfred MarshallClass 17
5.4. F.Y. Edgeworth e V.ParetoClass18
5.5. Knut Wicksell: Capital and MoneyClass19
5.6. Irving Fisher: Money and CapitalClass 20
5.7. Joseph SchumpeterClass 21
5.8. John Maynard KeynesClass 22
5.9. The Neoclassical SynthesisClass 23/24
5.10. Recent Advances in Theory
Grading
Final text 100%
Optional essay to be considered on the evaluation