An Economist's Point of View
Full course description
Students will learn how economic thought has evolved historically. The course will explore what the most prominent economic thinkers and economic schools have contributed to economics as a social science, and how they have constructed theories in response to the societal and economic events surrounding them. Covered economic thinkers include Adam Smith, Karl Marx, Alfred Marshall, John Maynard Keynes and Milton Friedman. Covered economic schools include the classical school, the neoclassical school, socialism, the Keynesian school and the Chicago school. Special attention will be given to the variety of views regarding the desired extent and nature of government involvement in the economy.
The course has three main objectives:
- To understand how economics as a social science has evolved historically.
- To identify the main economic thinkers and economic schools and to distinguish their key contributions to economics.
- To discuss and contrast views on the ideal roles of the government and the free market in the economy.
Brue, S.L. & Grant, R.R. (2013). The Evolution of Economic Thought. (8th ed.). South-Western, Cengage Learning.