| Course Name | History of Economic Analysis |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ECON 314 | Fall/Spring | 3 | 0 | 3 | 5 |
| Prerequisites |
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| Course Language | English | |||||||||||
| Course Type | Elective | |||||||||||
| Course Level | First Cycle | |||||||||||
| Mode of Delivery | - | |||||||||||
| Teaching Methods and Techniques of the Course | ||||||||||||
| Course Coordinator | ||||||||||||
| Course Lecturer(s) | ||||||||||||
| Assistant(s) | - | |||||||||||
| Course Objectives | In this course, we will evaluate the development of economics in a historical context, by giving some emphasis on methodological and analytical questions, and by considering the alternatives to the ‘mainstream’ economic thought. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This course has been one of the main areas of economics because by using a historical perspective it explores how different schools of economic thought pass through various stages. In this course, by focusing on methodological and analytical questions and with the help of nonmainstream alternative approaches, evolution of economics throughout the history will be evaluated. First historical development process of the market system will be investigated by laying out a general framework examine dynamic relationship between the theories. Afterwards each school of economic thought will be analyzed in a chronological order. |
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| Core Courses | X |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Introduction and Preliminaries | |
| 2 | Debate: Economic Philosophy, Historiography of the HET, Evolution and Progress of Economic Ideas | Lecture Notes |
| 3 | Economic(s) Revolution | Lecture Notes |
| 4 | Economic Thought in Mercantile Era | E. K. Hunt (1981): 12 35 ve M. Rothbard (1995 [2006]) Vol I: 211 342. |
| 5 | Physiocracy | M. Rothbard (1995 [2006]) Vol I: 363 382. |
| 6 | Debate: Classical Political Economy | E. K. Hunt (1981): 36 49; M. Rothbard (1995 [2006]) Vol I: 415 432 |
| 7 | Midterm Exam | |
| 8 | Adam Smith | M. Rothbard (1995 [2006]) Vol I: 433 504; Smith, Wealthof Nations: Selected Readings |
| 9 | David Ricardo | M. Rothbard (1995 [2006]) Vol II: 69 156. |
| 10 | Karl Marx | E. K. Hunt (1981): 50 96; M. Rothbard (1995 [2006]) VolII: 297 438; Marx, Capital I: Selected Readings |
| 11 | Debate: Neo Classical Economics | Lecture Notes |
| 12 | Debate: Contemporary Economic Thought Evolutionary Political Economy | Lecture Notes |
| 13 | Thorstein Veblen | E. K. Hunt (1981): 115 140; Veblen, The Theory ofLeisure Class: Selected Readings |
| 14 | Debate: Economic Theory in Evolution | Lecture Notes |
| 15 | Review of the Semester | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | E. K. Hunt. (1981). Property and Prophets: The Evolution of Economic Institutions and Ideologies. (NY: Harper & Row Pub.) |
| Suggested Readings/Materials | M. Rothbard. 2006 [1995]. Economic Thought before Adam Smith and Classical Economics . Volumes I and II of An Austrian Perspective on the History of Economic Thought. (Auburn, Alabama: Ludwig von Mises Institute). [Digital copies available online. With the permission of Mises Foundation.] 2) Some other selected compulsary readings are: 2.A) Adam Smith: Wealth of Nations (1776), 2.B) Karl Marx: Capital I (1867) and 2.C) Thorstein Veblen: The Theory of Leisure Class (1899). Selected readings are to be distributed during the semester. 3. Some other sources: 3.A) The blog site of this course – in Turkish only: http://iktisadidusuncelertarihi.blogspot.com/ 3.B) Email list of the course: http://groups.google.com/group/idthet 3.C) Instructor's personel web page: http://ayalcintas.blogspot.com/ |
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | ||
| Project | 1 | 25 |
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 25 |
| Final Exam | 1 | 50 |
| Total |
| Weighting of Semester Activities on the Final Grade | 2 | 50 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 50 |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 16 | 2 | 32 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | |||
| Presentation / Jury | |||
| Project | 1 | 20 | |
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 20 | |
| Final Exams | 1 | 30 | |
| Total | 150 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field. | X | ||||
| 2 | To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies. | |||||
| 3 | To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. | |||||
| 4 | To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals. | X | ||||
| 5 | To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires. | |||||
| 6 | To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. | X | ||||
| 7 | To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output. | |||||
| 8 | To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society. | X | ||||
| 9 | To be able to take the responsibility as an individual and as a team member. | |||||
| 10 | To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. | X | ||||
| 11 | To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1) | |||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
| 13 | To be able to relate the knowledge accumulated throughout human history to their field of economics. | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
