Monash University Handbook 2010 Undergraduate - Unit

Synopsis

The work of Richard Cantillon, David Hume, Adam Smith, David Ricardo, Thomas Malthus and Karl Marx with special reference to the economics of value, distribution and accumulation. The work of W S Jevons, Alfred Marshall and J M Keynes with special reference to economic policies proposed by those writers.

Objectives

The learning goals associated with this unit are to:

• discuss critically how different economists in the past understood and analysed the economic problem
• compare the work on founders of economics such as Adam Smith, David Ricardo, Thomas Malthus, Stanley Jevons, Karl Marx, Alfred Marshall, and others
• discuss critically diverse theories of value, growth, rent, and decline of economic society
• be familiar with primary sources relating to the major writings that shaped the evolution of economic analysis.

Assessment

Within semester assessment: 50%
Examination (2 hours): 50%

Chief examiner(s)

Elias Khalil

Contact hours

3 hours per week

Prerequisites

ECC2000 and ECC2010

Prohibitions

ECC4380