COURSE UNIT TITLE

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR MUSTAFA ERDEM ÖZGÜR

Offered to

Economics (English)

Course Objective

This course reviews the main schools and thinkers in the history of economic thought beginning with Mercantilism. The Mercantilist system, Classical political economy, challenges to the Classical school in the 19th century, more specifically Marxist economics and German Historical School, Neoclassical economics, challenges to Neoclassical economics, namely, Institutional and Keynesian economics, and finally contemporary developments in economic theory 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 also be 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: Screpanti, Ernesto and Stefano Zamagni (2005). An Outline of the History of Economic Thought. New York: Oxford University Press.
Supplementary Text: Ekelund Jr., Robert B. and Robert F. Hebert (1997). A History of Economic Theory and Method. Singapore: McGraw-Hill.
In addition to these textbooks weekly required reading list will be provided during the semester.

Planned Learning Activities and Teaching Methods

1. Lectures
2. Readings
3. Paper presentation

Assessment Methods

Further Notes About Assessment Methods

There will be two in-class examinations and students are expected to write a term paper. Students are expected to come up with a topic by the end of the third week of the semester.

Assessment Criteria

1. Students will demonstrate understanding of basic schools of thought in economic history.
2. Students will be able to demonstrate the relationships between different schools of thought.
3. Students will demonstrate understanding of historical and contemporary approaches of economic thought.
4. Students will be able to demonstrate the origins of their ideas by referencing sources used in their work.
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)

Prof. Dr. M. Erdem ÖZGÜR
Faculty of Business
Department of Economics
Office 233
Tel: 232 453 5042 / 18215
erdem.ozgur@deu.edu.tr

Office Hours

Monday 15:30-16:30
Wednesday 11:00-13:00

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes