Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
HISTORY OF ECONOMIC THOUGHT IKT2018 4. Semester 3 + 0 3.0 4.0

Prerequisites None

Language of Instruction Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals • This course aims at providing answers to the following questions: (1) How did the economic ideas after the Economic Revolution (sixteenth century) evolve into Classical Political Economy? (2) How did the Marginal Revolution and Neo-Classical School transform the methodology and postulates of economic science in the classical era? (3) What use is contemporary evolutionary thinking for the history of (economic) ideas?
Course Content • This course aims at providing answers to the following questions: (1) How did the economic ideas after the Economic Revolution (sixteenth century) evolve into Classical Political Economy? (2) How did the Marginal Revolution and Neo-Classical School transform the methodology and postulates of economic science in the classical era? (3) What use is contemporary evolutionary thinking for the history of (economic) ideas? Doing all this, we will question the received view in the historiography of economics that the history of economic ideas is simply a linear assembly of a number of successive theories and abstract / mathematical models. We will argue that the economic science has been a part of the intellectual history, that we should consider the philosophical and social backgrounds of each economic thinker.
Learning Outcomes 1) Explains the dynamics of economic thought in the social and ideological development
2) Describes the historical roots of fundamental concepts in economic theory
3) Describes the historical conditions in which the different economy schools arose

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Introduction Lecture
Brainstorming
Project Based Learning
Homework
2. Week Economic thought in the middle ages Lecture
Brainstorming
Project Based Learning
Homework
3. Week Mercantilism: Development of International Markets and tools of trade poliicies Lecture
Brainstorming
Project Based Learning
Homework
4. Week Physiocratic economic thought Lecture
Brainstorming
Project Based Learning
Homework
5. Week transition period in economic thought: Cantillon, Petty Lecture
Brainstorming
Project Based Learning
Homework
6. Week Classical economic thought and A.Smith Lecture
Brainstorming
Project Based Learning
Homework
7. Week Ricardo'economic model: rant theory Lecture
Brainstorming
Project Based Learning
Homework
8. Week Ricardo'economic model: comparative advantages Lecture
Brainstorming
Project Based Learning
Homework
9. Week Emissaries of the classical thought:Malthus, Bentham, Say Lecture
Brainstorming
Project Based Learning
Homework
10. Week Marx and economic thoughts Lecture
Brainstorming
Project Based Learning
Homework
11. Week Neoclassical economic thought: Marginalist revolution Lecture
Brainstorming
Project Based Learning
Homework
12. Week Contribution of Keynes to economic thought Lecture
Brainstorming
Project Based Learning
Homework
13. Week Institutional economic school Lecture
Brainstorming
Project Based Learning
Homework
14. Week Evolutionary economic thought Lecture
Brainstorming
Project Based Learning
Homework

Sources Used in This Course
Recommended Sources
• Heilbroner, R. 2004 [1953]. İktisat Düşünürleri (Çev: Ali Tartanoğlu), Ankara: Dost Yay. Hunt, E.K. 2005 [2002]. İktisadi Düşünce Tarihi (Çev: Müfit Günay), Ankara:Dost Yay.

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3
PY15000
PY25126
PY35000
PY45000

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 3
Work Hour outside Classroom (Preparation, strengthening) 14 5
Homework 14 1
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information