114-0327/01 – History of Economic Thought (Dějiny)
| Gurantor department | Department of Economics | Credits | 4 |
| Subject guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. | Subject version guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory type B |
| Year | 1 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
- list and describe Western schools of economic thought from antiquity to the present
- explain the differences in the understanding of economic phenomena and processes by different schools of thought
- identify the cultural, social and economic influences on the emergence of each school
- evaluate the impact of alternative schools of thought on contemporary economics and economic policy
- interpret schools of economics in terms of a broader methodological and philosophical framework
Teaching methods
Lectures
Seminars
Summary
The course guides students through the development of Western economic thought from antiquity to the present. The course follows a chronological approach and adheres to the mainstream of economic thought as it is understood today, although selected heterodox approaches are not omitted. Attention is also paid to the broader methodological context of the theories and concepts discussed, as well as the cultural, social and economic realities of the time.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Students will write a short essay on a given topic for which they will be allowed a maximum of 100 points. A minimum of 51 points will be required for the essay to pass the course and receive graded credit. Out of the maximum possible 100 points, a maximum of 25 points will be awarded for originality of thought in the text submitted and 75 points for factual correctness of the text. In order to be awarded credit, it will also be necessary to obtain at least 38 points for the factual correctness of the text.
E-learning
The LMS Moodle always provides basic information and instructions for the course, as well as supporting texts and supplementary study materials.
Other requirements
Students with an individual study plan have the same course completion requirements as other students.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. The nature and transformations of economics - an introduction to methodology and critical thinking.
2. The birth of Western economic thought - antiquity.
3. Economic thought in the Middle Ages - Christianity, community and morality.
4. The origins of modern economic thought - empiricism, induction and harmonism.
5. The wealth of nations and its sources - trade versus agriculture.
6. Classical political economy as an abstract, inexact science.
7. Neoclassical schools and the triumph of subjectivism in economics.
8. The Keynesian revolution and its consequences.
9. The monetarist counter-revolution and the liberal turn.
10. The rise of DSGE models - the new classical macroeconomics and the new Keynesianism.
11. Post-Walrasian (macro)economics.
12. Behavioural (micro)economics.
13. Historical and institutional currents in economics.
14. Economics as an imperial or declining science?
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.