Development of Economic Thought I

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

History of Ecomomy

Course Contents

This course equips candidates with in-depth knowledge on European economic history (economic-political structure and social structure).

Weekly Schedule

1) Introduction to the History of Economic Thought: Scope, Priority, Basic Concepts
2) Economic Thought in Antiquity: China, India, Mesopotamia, Hebrew, Hittite, Ancient Egypt, Ancient Greek
3) Economic Thought in Europe in the Middle Ages: Economic Structure, Political Structure, Important Thinkers
4) Economic Thought in Islamic World in Middle Ages: Economic Structure, Political Structure, Important Thinkers
5) The Beginning of the Modern Age - Mercantilism: Developments Affecting Mercantilist Thought, Development in Politics, Political Development and the Birth of Nation States, Cultural and Spiritual Changes, Mercantilism Basic Opinions, Mercantilism Economic Analysis Contribution, Mercantilism Collapse and Economic Liberalism Transitional Conditions, Liberalism from Mercantilism Economic Thought in Transition, Petty, Locke and Hume in England
6) Scientific Period in the History of Economic Thought - Physiocracy: The Environment of Physiocratic Economic Thought, Pioneers of Physiocrats (Boisguillebert, Cantillon), Quesnay (Natural Order, Net Product, Circulation of Income and Economic Table, Single Tax Theory, Trade), Turgot, Physiology Analysis Additives.
7) Classical Economics: Environment, Basic Principles Developed by Classical Economic Thought. Representatives of British Classical Ekol (Adam Smith, Thomas Malthus, David Ricardo, John Stuart Mill) and other countries
8) Examen
9) Critics of Classical Economic Thought: Historian School, Nationalism, Socialism.
10) Classical Economic Thought and Karl Marx (Analysis of Value and Value of Value, Value and Price System, Analysis of the Problem, Equalization of Profits and Process of Determination)
11) Reform in Classical Economics: Neo-Classical Economic Thought: Sub-subjectiveism, Marginalist Current (Austrian School, Lausanne School, Cambridge School), (William Jevons and Marginal Benefit Theory, Contributions to Neoclassical Thought (Menger, von Wieser, Böhm Bawerk) , Walras, Pareto, Marshall, Pigou, Wicksteed, Wicksell, Clark)
12) Political Structure of the World in the Early Twentieth Century and the Economic Problems Faced, 1929 The World Economic Crisis, Economic Thoughts in the First Half of the Twentieth Century: Institutional Economics, Keynesian Economics.
13) Economic Problems in the Second Half of the Twentieth Century and Theoretical Approach-I: Monetarism (Monetarism), New Classical Economics (The Theory of Rational Expectations), New Keynesian Economics, Post Keynesian Economics,
14) Economic Problems in the Second Half of the Twentieth Century and Theoretical Approach-II: Supply-Side Economics, Constitutional Economics (Public Choice Theory
15) Examen
16) Examen

Recommended or Required Reading

1- Ders Notları

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion

Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade	40%
Contribution of Final Examination to Course Grade	60%
Total	100%

Language of Instruction

Turkish

Work Placement(s)

Not Required