ECOZ303 History of Economic Thoughts

7 ECTS - 4-0 Duration (T+A)- 5. Semester- 4 National Credit
Information About Course

Information
Goal, Content & Resources
Course Learning Outcomes
Relation with Program Learning Outcome
Week Plan
Student Workload - ECTS

Information

Code ECOZ303
Name History of Economic Thoughts
Semester 5. Semester
Duration (T+A) 4-0 (T-A) (17 Week)
ECTS 7 ECTS
National Credit 4 National Credit
Teaching Language İngilizce
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Dr. Öğr. Üyesi TOLGA KABAŞ


Course Goal

The founders of economics and important economic thought schools will be explained. Contemporary economic policies are products of founding fathers and their schools. In order to understand modern economic problems and policies, fouding fathers thought should be learned.

Course Content

To explain historical development and evolution of economics science. Founding fathers like Adam Smith, David Ricardo, Jeremy Bentham, John Stuart Mill, Alfred Marshall, J. Maynard Keynez will be introduced.

Course Precondition

There are no course prerequisites.

Resources

Mark Skousen, The Making Of Modern Economics: The Lives and Ideas of the Great Thinkers, M.E. Sharpe

Notes

Leo Huberman, From Feudal Society To The Twentieth Century, İletişim


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Being able to explain characteristics of Classical School and its members
LO02 Being able to explain the importance of Marjinalizm
LO03 Being able to explain characteristics Neoclassical School and its members
LO04 Being able to explain the importance of Keynesian Revolution
LO05 Being able to explain the views of Milton Friedman about monetary policy
LO06 Being able to compare different schools of economic thought (Classical, Neoclassical, Keynesian and Monetarist schools)
LO07 Being able to explain Karl Marx's thoughts about capitalism.


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 3
PLO02 Bilgi - Kuramsal, Olgusal Define the role of pricing within the event advantage of the market economy 3
PLO03 Bilgi - Kuramsal, Olgusal Define the role of the state in economy, money and financial policies, the central bank and the structure of the market 3
PLO04 Bilgi - Kuramsal, Olgusal Perceive the costs and benefits arising from the global economy 3
PLO05 Bilgi - Kuramsal, Olgusal Produce nymerical and policy options when confronted with problems 3
PLO06 Bilgi - Kuramsal, Olgusal Use quantitative and qualitative techniques of model building, decoding and interpretation 1
PLO07 Bilgi - Kuramsal, Olgusal Use the theory of economics in the analysis of economic events 3
PLO08 Bilgi - Kuramsal, Olgusal Use computer programs, do synthesis and present prepared data efficiently
PLO09 Bilgi - Kuramsal, Olgusal Apply the methods of economic analysis. 3
PLO10 Bilgi - Kuramsal, Olgusal Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 3
PLO11 Bilgi - Kuramsal, Olgusal Take responsibility individually and/or in a team, take leadership and work effectively 1
PLO12 Beceriler - Bilişsel, Uygulamalı Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself 3
PLO13 Beceriler - Bilişsel, Uygulamalı Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively 3
PLO14 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Use Turkish and at least one foreign language in accordance with the requirements of academic and work life 3
PLO15 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language 2
PLO16 Yetkinlikler - Öğrenme Yetkinliği Question traditional approaches, practices and methods. 1
PLO17 Yetkinlikler - Öğrenme Yetkinliği Recognize and apply social, scientific and professional ethical values. 3


Week Plan

Week Topic Preparation Methods
1 Adam Smith Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
2 Jean Baptista Say Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
3 Thomas Malthus Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
4 David Ricardo Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
5 John Stuart Mill Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
6 Karl Marx Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
7 Austrian School Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
8 Mid-Term Exam Review the Topics in the Lecture Notes and Sources Ölçme Yöntemleri:
Yazılı Sınav
9 Alfred Marshall Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
10 Thorstein Veblen Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
11 Irving Fisher Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
12 Ludwig von Mises Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
13 John Maynard Keynes Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
14 Milton Friedman Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
15 Joseph Schumpeter Source Reading Öğretim Yöntemleri:
Anlatım, Tartışma
16 Term Exams Review the Topics in the Lecture Notes and Sources Ölçme Yöntemleri:
Yazılı Sınav
17 Term Exams Review the Topics in the Lecture Notes and Sources Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 4 56
Out of Class Study (Preliminary Work, Practice) 14 6 84
Assesment Related Works
Homeworks, Projects, Others 0 0 0
Mid-term Exams (Written, Oral, etc.) 1 8 8
Final Exam 1 16 16
Total Workload (Hour) 164
Total Workload / 25 (h) 6,56
ECTS 7 ECTS