History of Economic Thought

Queen Mary, University of London

Course Description

  • Course Name

    History of Economic Thought

  • Host University

    Queen Mary, University of London

  • Location

    London, England

  • Area of Study

    Economics, History, International Economics

  • Language Level

    Taught In English

  • Prerequisites


  • 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.

    Hours & Credits

  • UK Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Credits: 15.0
    Overlap: None
    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
    Level: 5

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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