History of Economic Thought
Queen Mary, University of London
Area of Study
Economics, History, International Economics
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
Prerequisite: ECN106 ECN111
Mercantilism and the emergence of capitalism; Adam Smith's The Wealth of Nations / Jeremy Bentham and utilitarianism / Thomas Malthus and population dynamics; Ricardo and his critics / John Stuart Mill and the revision of classical economics; Challenges to Classical Economics: the utopian socialists Owen, Fourier, and Proudhon / Karl Marx; Neoclassical times: A. A. Cournot / Alfred Marshall on optimum pricing and monopoly / Historicism / Léon Walras and the market adjustment mechanism / Pareto, general equilibrium, and welfare economics 20th Century Economics: Thorstein Veblen and american institutionalism / John Kenneth Galbraith; Irving Fisher, John Maynard Keynes, the great depression and the development of modern macroeconomics; Hayek / Milton Friedman, monetarism and rational expectations; Public choice and the new political economy of regulation.
Assessment: 25.0% Coursework, 75.0% Examination
Semester 1 Associate Assessment: 100.0% Coursework
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