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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS IKT 3003 HISTORY OF ECONOMIC THOUGHTS COMPULSORY 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR NEVZAT ŞIMŞEK

Offered to

Economics Economics (Evening)

Course Objective

To explain the evolutional development of economic theories in the concept of material and intellectual foundations of the periods.

Learning Outcomes of the Course Unit

1   To be able to distinguish the thought systems which is intended to do analysis and synthesis using methodological differences. 2   To be able to evaluate the contribution of historical circumstances and the conditions that made the mercant and physiocratistic occur to theorization. 3   To be able to evaluate the philosophic dnyamics of creative thinking using the evolution of theorization of economics. 4   To be able to explain the importance of free thought in the process of prosperity creation through the formation and the interaction of theory and policy. 5   To be able to associate the structural positions of the societies and the importance of production and distribution. 6   To be able to evaluate the contribution of science of economics to the social peace.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 The problematic of the origin of the history of economics, the nascency and evolution of economics, Economic thought of pre-economic era (Grecian): life style, ideology, economic thought before Socrates, Platon (division of labor, ideal state, wealth, regime of property, economic variations and political regimes, money 2 Aristo (ideal state, person and society, management of state, regime of property, slavery, commercial activity, value, money), New philosophies, economic thought in the roman empire, the political structure of the emrpire, the economic structure of the empire, roman philosopher and their economic thoughts. 3 Economic thought in the middle ages, the regime of the serf, guilds, the evolution of the fairs, St. Augustine, St. Thomas (Property, fair price, Trade, interest,money), Oresme, Turkish-Islamic middle ages, The religion of Islam, Islamic philosophers whom are influential (Dımeşki, Ibn Teymiyye, Ibn Rüşd, Ibn Haldun, Makrizi) 4 The start of new ages and the trend of mercantilism, the developments that effected mercantilist thought, developments on trade, the development of policy and the occurance of nation states, Cultural and moral changes, the basic views of mercantilism, the contribution of mercatilism the economics, the collapse of mercantilism and the circumstances that made the transition to classical liberalism 5 Physiocracy: the environment which Physiocracy economic thought developped, the pioneers of Physiocracy (Boisguillebert, Cantillon), Quesnay(Natural order, net revenue, the movement of revenue and economic table, single tax theory, trade) Turgot, the contribution of Physiocracy to economic analysis. 6 adam smith: the economic structure of the period, production theory (division of labour, productiove, non-productive labor, money), theory of value (price)(use-exchange value, labor and value, natural-market price) 7 David Ricardo and Thomas Malthus 8 mid exam 9 mid exam 10 Jean Baptiste Say and John Stuart Mill 11 Neoclassical economic thought 1: marginal revolution, the first representatives of neoclassical school (Thünen, Gossen ve Cournot), Basic principles and conditions that make the thought occur, transition from objective value to subjective value. 12 Neoclassical economic thought 2, William Jevons and theory of marginal utility, contributions to the neoclassical thought (Menger, von Wieser, Böhm Bawerk, Walras, Pareto, Marshall, Pigou, Wicksteed, Wicksell, Clark), general evaluation. 13 the critical approaches and responses to classical and neoclassical economic thought (national economic trend, historical school, socialist trend) 14 Classical economic thought and Karl Marx (value analysis and about the surplus, the analysis of transition to value and price system, the process of equalization of profits and price determination)

Recomended or Required Reading

Recep Kök, Iktisadi Düşünce-Kavramların Analitik Evrimi, Izmir, 1999

Planned Learning Activities and Teaching Methods

The evolutional process of economics will be thought in the course. Because of this, the course is thought through the lecture of the instructor. Students are encouraged to do active contribution and discussions in the course. And also homeworks are given in order to make students internalize the subjects told in the course and to increase the awareness in historical and philosophic subjects.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 MTEG MIDTERM GRADE MTEG * 1 3 FIN FINAL EXAM 4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60 *** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

recep.kok@deu.edu.tr nevzat.simsek@deu.edu.tr selim.sanlisoy@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lecture 12 3 36 Weekly pre-lecture preparations 12 2 24 Preparations to mid term 1 8 8 Preparations to final exam 1 10 10 Preparations to other mini exams 2 4 8 Preparations of grup homework 1 8 8 Preparations of personal homework 1 6 6 Preparation of presentation 1 3 3 Other 12 2 24 final exam 1 1 1 mid exam 1 1 1 Other mini exams 2 0,5 1 TOTAL WORKLOAD (hours) 130

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 LO.1 1 1 LO.2 1 1 1 LO.3 1 1 1 LO.4 1 1 LO.5 1 1 1 LO.6 1 1 1