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Information
| Code | ECOZ206 |
| Name | History of Economics |
| Term | 2024-2025 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 4 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi TOLGA KABAŞ |
| Course Instructor |
1 2 |
Course Goal / Objective
The aim of this course is to teach the founders of economics and important economic thought schools. Contemporary economic policies are products of founding fathers and their schools. In order to understand modern economic problems and policies, fouding fathers thoughts should be learned.
Course Content
In this course the historical development and evolution of economics science will be told. Founding fathers like Adam Smith, David Ricardo, Jeremy Bentham, John Stuart Mill, Alfred Marshall, J. Maynard Keynez will be introduced.
Course Precondition
There are no course prerequisites.
Resources
Mark Skousen, The Making Of Modern Economics: The Lives and Ideas of the Great Thinkers, M.E. Sharpe
Notes
Leo Huberman, From Feudal Society To The Twentieth Century, İletişim
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Being able to explain characteristics of Classical School and its members. |
| LO02 | Being able to explain the importance of Marjinalizm. |
| LO03 | Being able to explain characteristics Neoclassical School and its members. |
| LO04 | Being able to explain the importance of Keynesian Revolution. |
| LO05 | Being able to explain the views of Milton Friedman about monetary policy. |
| LO06 | Being able to compare the different schools of economic thought (Classical, Neoclassical, Keynesian and Monetarist schools). |
| LO07 | Being able to explain Karl Marx's thoughts about capitalism. |
| LO08 | Being able to explain how the laissez-faire capitalism is emerged and developed. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 3 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 3 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 1 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 3 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | 1 |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 3 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 3 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 2 |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | 1 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to the Course | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 2 | It All Started with Adam | Source Reading and Repeating Previous Sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 3 | The French Connection: Laissez Faire Anavce | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 4 | The Irreverent Malthus Challenges the New Model of Prosperity | Source Reading and Repeating Previous Sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 5 | Tricky Ricardo Takes Economics Down a Dangerous Road | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 6 | Milling Around: John Stuart Mill and the Socialists Search for Utopia | Source Reading and Repeating Previous Sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 7 | Marx Madness Plunges Economics into a New Dark Age | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | Review the Topics Discussed in the Lecture Notes and Sources | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Out of the Blue Danube: Menger and the Austrians Reverse the Tide | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 10 | Marshalling the Troops: Scientific Economics Comes of Age | Review the Topics Discussed in the Lecture Notes and Sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 11 | Go West, Young Man: Americans Solve the Distribution Problem in Economics | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 12 | The Conspicuous Veblen Versus the Protesting Weber: Two Critics Debate the Meaning of Capitalism | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 13 | The Keynes Mutiny: Capitalism Faces Its Greatest Challenge | Review the Topics Discussed in the Lecture Notes and Sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 14 | Samuelson and Modern Economics | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Milton's Paradise: Milton Leads a Monetary Counterrevolution | Source Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 16 | Term Exams | Review the Topics Discussed in the Lecture Notes and Sources | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Review the Topics Discussed in the Lecture Notes and Sources | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 8 | 8 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 88 | ||
| Total Workload / 25 (h) | 3,52 | ||
| ECTS | 4 ECTS | ||