COURSE UNIT TITLE

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR DOCTOR MUSTAFA ERDEM ÖZGÜR

Offered to

Economics (English)

Course Objective

This course involves a critical examination of the major schools of economic thought from the seventeenth through the twentieth century. Particular emphasis is given to pre-capitalist 17th century mercantilist economies, classical economics of Adam Smith, David Ricardo, Thomas Robert Malthus and John Stuart Mill, challenges to Classical school, particularly Karl Marx, neo-classical economics as well as the critical views of Thorstein Veblen. John Maynard Keynes and Keynesian economics, and the liberal views of Friedrich Hayek will construct the most important part of the review of the twentieth century economic thought. Contemporary mainstream and alternative views will also be examined.

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

Cantillon, Richard An Essay on Economic Theory
Smith, Adam Wealth of Nations
Malthus, Thomas Robert An Essay on the Principle of Population
Ricardo, David On the Principles of Political Economy and Taxation
Mill, John Stuart On Liberty
Marx, Karl Capital: A Critique of Political Economy (v.1)
Marshall, Alfred Principles of Economics
Veblen, Thorstein The Theory of the Leisure Class
Keynes, John Maynard The General Theory Of Employment, Interest, And Money
Hayek, Friedrich The Road to Serfdom
Screpanti, Ernesto and Stefano Zamagni (2005). An Outline of the History of Economic Thought. New York: Oxford University Press.

Planned Learning Activities and Teaching Methods

Lectures
Readings
Presentations

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

Students will demonstrate understanding of basic schools of thought in economic history.
Students will be able to demonstrate the relationships between different schools of thought.
Students will demonstrate understanding of historical and contemporary approaches of economic thought.
Students will be able to create an original idea and write a paper based on it.

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

Attending at least 70 percent of lectures is mandatory.
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
erdem.ozgur@deu.edu.tr

Office Hours

Tuesday 12:00-13:00

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes