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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. History of Economic Thought: How and why?
2. Economic Problem
3. Mercantilism
4. Adam Smith: From philosophical foundations to Classical Political Economy
5. Classical Political Economy: 1790-1870
6. Political Economy and Economics: From the Marginalism Revolution to Cambridge School
7. The Keynesian Revolution and the Neoclassical Synthesis
8. Is Economics a Moral Science?
9. Mathematisation of Economics: Developments and limitations
10. The Clash in Modern Economics: Keynes, Hayek and Business Cycles
11. Environment in History of Economic Thought
12. Inequality and Poverty in History of Economic Thought
13. Economics, Science and Power
Main Bibliography 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, Seventh Edition, Touchstone.
Atkinson, A.B. (2015). Inequality: What can be done?. Cambridge MA, Harvard University Press.
Kula, e. 1998. History of Environmental Economic Thought, New York, Routledge.
Skidelsky, R. & Craig, N. (eds.) 2016. Who Runs the Economy. The Role of Power in Economics, Palgrave.
Lista de textos selecionados referenciados no guia do curso, disponível na plataforma Moodle da UC./ A reading list of texts announced in the course scheduling and description, available on the Moodle platform.
Teaching Methodologies and Assessment Criteria
The module uses various forms of assessment to evaluate different skills and abilities. The Critical Review and Seminar aim at involving students to research practices, in particular to evaluate their capacity to organise work, readings skills and perform under acute time and resource constraints. These forms of assessment and the Test also permit to evaluate students’ capacity to grasp concepts, to apply theories, to structure logical answers, to mount reasoned and critical arguments, to draw conclusions and economic policy implications, and communicate effectively in writing.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2020-04-29

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