COURSE UNIT TITLE

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR MUSTAFA ERDEM ÖZGÜR

Offered to

Economics

Course Objective

This course aims at acquainting the students with the theoretical history of economics as a social science. To this end, the students will be exposed not only to the history of the development of economic thought but also to the different methods used in this development. This course reviews the main schools and thinkers in the history of economic thought beginning with the ancient Greeks. Mercantilism, Classical political economy, challenges to the Classical school in the 19th century, Neoclassical economics, Institutional and Keynesian economics, and modern economic thought are the subjects that will be covered throughout this course. Although this is not an economic history course, the social and economic environment in which the contemporary economic thought flourished will be briefly presented.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

Required Text: Landreth, Harry and David V. Colander (2002). History of Economic Thought. Boston: Houghton Mifflin.

Supplementary Texts: Smith, Adam (1776) Wealth of Nations.
Ekelund Jr., Robert B. and Robert F. Hebert (1997). A History of Economic Theory and Method. Singapore: McGraw-Hill.

Websites:
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/
http://www.econlib.org

Planned Learning Activities and Teaching Methods

1. Lectures
2. Readings
3. Class discussions

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

At the end of the course:
1. The student will be expected to demonstrate knowledge of basic schools of economic thought.
2. The student will be expected to explain the context within which different strands of economic thought developed.
3. The student will be expected to use the knowledge of the history of economic ideas to better understand contemporary economic analysis.
4. The student will be expected to identify major works of classical and contemporary economists.

1. Presentations will be related to historical/ current economic events.
a) The student will choose a topic, or the instructor will assign the presentation topic to the student. Presentations will be assessed on 1) organization, 2) content, and 3) presentation. Criteria 1 and 2 are 50 percent of the total presentation grade, and criteria 3 is 50 percent of the total presentation grade.
(1) The students who present the topic in a logical sequence with all the required information and cite the references will get 100% (excellent). The students who present the topic in a logical sequence with all the required information but do not cite the references will get 80% (very good). The students who present the topic in a logical sequence with missing required information and do not cite the references will get 60% (good). The students who present the topic but do not have a logical sequence and do not cite the references will get 40% (fair). The students who present an irrelevant topic with no references will get 0% (poor).

(2) The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information with a conclusion summarizing the presentation will get 100% (excellent). The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information but do not summarize the presentation will get 80% (very good). The students who lay out the topic well and include accurate information but do not summarize the presentation will get 60% (good). The students who lay out the topic well but fail to provide accurate information and do not summarize the presentation will get 40% (fair). The students who fail to lay out the topic well, lack accurate information, and do not summarize the presentation will get 0% (poor).

(3) The students who manage their time well, have good language skills, can explain the subject clearly, and manage to respond to the questions will get 100% (excellent). The students who manage their time well, have enough language skills, explain the subject quite clearly, and manage to respond to the questions will get 80% (very good). The students who manage their time well, have enough language skills, and can explain the subject quite clearly but cannot respond to the questions will get 60% (good). The students who cannot manage their time well, have poor language skills, and can partially explain the subject but cannot respond to the questions will get 40% (fair). The students who cannot manage their time well, have poor language skills, cannot explain the subject, and cannot respond to the questions will get 0% (poor).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Dr. M. Erdem ÖZGÜR
Dokuz Eylül University
Faculty of Business Department of Economics
Buca IZMIR
Tel: + 90 232 301 8295
erdem.ozgur@deu.edu.tr

Office Hours

Tuesday 09:00-10:00
Thursday 09:00-11:00

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes