Course Description:
History of Economic Thought examines major contributions made to the field of economics by great thinkers from Adam Smith to Milton Friedman. Systems of economic thought and their applications to economic practice and policy making are compared and evaluated in judging their efficacy to solve current economic problems and address emerging issues, especially in an increasingly globalized environment. By the end of the study, students should have developed an overview of the main approaches to the history of thought; a sound knowledge of the discipline of economics; and the ability to critically evaluate the major contributions to the theories of value, production, and distribution. This is an advanced level study and students are expected to analyze, critique, synthesize, and form informed positions on economic principles and theories.
Prerequisite: Micro and Macro Economics or the equivalent
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