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History of Economic Thought

Code 12424
Year 1
Semester S2
ECTS Credits 6
Workload OT(15H)/TP(30H)
Scientific area Economics
Entry requirements No applied.
Mode of delivery The learning process combines lectures and debate-oriented sessions based on assigned readings, with independent study, individually or in group. Students will be required to attend the scheduled lectures and debate-oriented sessions. Readings should be completed before class. Everyone will be expected to be prepared to actively participate in the discussion and to answer questions about the readings or lectures. The learning process is supported by e-learning activities and online resources, as well as a close contact with instructor.
Learning outcomes 1. Understand the importance of the study of the History of Economic Thought and the economic problem as a distinct object of study and its methods;
2. Understand the emergence and the evolution of alternative schools of economic thought, in particular classical, marginalist, neo-classical and Keynesian perspectives;
3. Discuss the relationships between economic thought and current societal challenges, confronting the premises and the arguments of alternative theories;
5. Demonstrate capacity to problematize, produce well-informed arguments and critical thinking;
6. Work independently and cooperatively, demonstrating initiative, self-organization and time-management;
7. Communicate effectively both in written and speaking.
Syllabus 1. Pre-Classical Economics
2. Classical Economics
3. Marx and the Socialists
4. The Marginalist Revolution
5. Keynes and Reactions to Keynes
6. Is Economics a Moral Science?
7. Mathematisation of Economics: Developments and limitations
8. Recessions and Depressions in Historical Perspective
9. State and Public Finance in Historical Perspective
10. Population and Environmental in Historical Perspective
11. Economic Growth in Historical Perspective
Main Bibliography Compulsory reading
SANDELIN, TRAUTWEIN and WUNDRAK, 2015. A Short History of Economic Thought, 3 ed., Routledge.
DUPONT, Brandon, 2017. The History of Economic Ideas: Economic Thought in Contemporary Context, Routledge.

Complementary readings
BACKHOUSE, Roger. 2002. The Penguin History of Economics, London, Penguin Books. DGE Library (EG-5.3.1/14): Prologue: 1-8 and Chapters: 4-14.
HEILBRONER, Robert (1999). The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers, 7th edition. New York: Simon and Schuster (first edition 1953).

A reading list of texts announced in the course scheduling and description made available on Moodle.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2023-03-29

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