BA_ETD Economic Theories Development

University of Finance and Administration
Summer 2014
Extent and Intensity
2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (lecturer)
Ing. Miloš Krejčí (assistant)
Guaranteed by
prof. Ing. Mojmír Helísek, CSc.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Dagmar Medová, DiS.
Prerequisites
Microeconomics I, Macroeconomics I
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to complete the knowledge from the basic courses of economics (micro- and macroeconomics), in concrete terms the historical context of the development of economics. After finishing the course the students: 1. Will be able to understand the conditions for individual theoretical schools’ formation and their interconnection. 2. Will be able to explain the contribution of individual schools of economic thought. 3. Will be able to orientate in key persons of economics and their main works.
Syllabus
  • 1. Ancient and mediaveal philosophy, mercantilism and cameralism. 2. Predecessors of classics, physiocratism. 3. Classical political economy (A. Smith, D. Ricardo, the completion of the system). 4. German historical school (three generations). 5. K. Marx and marxism, socialist theories (early and late utopian socialism). 6. Neoclassical economics (Vienna school, Lausanne and Cambridge schools; C. Menger, A. Marshall and others). 7. Neo-austrian school (F. A. Hayek), J. A. Schumpeter. 8. Institutionalism (T. Veblen) and new institutionalism (R. H. Coase). 9. Keynesianism, Keynes, neo-keynesianism, (J. R. Hicks and others). 10. Post-keynesianism, new keynesianism. 11. Chicago school (M. Friedman), new classical economists (R. Lucas), supply-side economics, theory of public choice, neo-ricardianism. 12. Czech economic thought (K. Engliš, J. Macek and others) – voluntarily.
Literature
    required literature
  • Sandmo, A. (2011) Economics evolving: A History of Economic Thought. Princeton : Princeton University Press.
    recommended literature
  • Backhaus, Jürgen Georg (editor) 2005. Handbook of the History of Economic Thought. Heidelberg: Springer. ISBN 978-1-4419-8335-0.
  • Medema, Steven G.; Samuels, Warren J. (edited) 1998. Lionel Robbins: A History of Economic Thought: The LSE Lectures. Princeton: Princeton University Press. ISBN 0-691-07014-8.
  • Milonakis, Dimitris; Fine, Ben 2009. From Political Economy to Economics: Method, the social and the historical in the evolution of economic theory. London: Routledge. ISBN 978-0-415-42322-9.
  • Rothbard Murray, N. 1995. Economic Thought Before Adam Smith (An Austrian Perspective of the History of Economic Thought, Volume I). Cheltenham: Edward Elgar Publishing. ISBN: 0-945466-48-X.
  • Rothbard Murray, N. 1995. Classical Economics (An Austrian Perspective on the
  • Samuels, Warren J.; Biddle, Jeff E.; Davis, John B. (edited) 2003. A Companion to
  • Samuels, Warren J. (edited) 2007. Documents from the History of Economic Thought. Amsterdam: Elsevier. ISBN: 978-0-7623-1423-2.
  • Scerpanti, Ernesto; Zamagni, Stefano 2005. An Outline of the History of Economic Thought. Oxford: Oxford University Press. ISBN 0–19–927913–6.
  • Skousen, Mark (edited) 1992. Dissent on Keynes: A Critical Appraisal of Keynesian Economics. New York: Praeger Publisher. ISBN: 0-275-93778-X
  • Skousen, Mark 2001. The Making of Modern Economics. The Lives and Ideas of the Great Thinkers. London: M. R. Sharpe. ISBN 0-7656-0479-5.
  • Skousen, Mark 2007. The big three in economics: Adam Smith, Karl Marx, and John Maynard Keynes. New York: M. R. Sharpe. ISBN-10: 0-7656-1694-7.
Teaching methods
Lectures in full-time study; tutorials in part-time study; compulsory tutorial participation is 50% in part-time study. In case of non-fullfilment of these obligations the students will receive additional tasks.
Assessment methods
The course is completed with a verbal exam with written preparation.
Language of instruction
English
Further comments (probably available only in Czech)
General note: Bb0.
Information on the extent and intensity of the course: 8 hodin KS/semestr.
The course is also listed under the following terms Winter 2012, Summer 2013, Winter 2013, Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021.
  • Enrolment Statistics (Summer 2014, recent)
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