Undergraduate - UnitECC3800 - History of economic thought

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton Second semester 2013 (Day)
Coordinator(s)	Associate Professor Elias Khalil

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.

Outcomes

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: 50%

Chief examiner(s)

Associate Professor Elias Khalil

Contact hours

3 hours per week

Prerequisites

ECC2000 and ECC2010

Prohibitions

ECC4380