Undergraduate - UnitECC3800 - History of economic thought

This unit entry is for students who completed this unit in 2015 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.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton Second semester 2015 (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%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Associate Professor Elias Khalil

Prerequisites

ECC2000 or ECC5900 or ECX9000 and ECC2010 or ECC5901 or ECX9010

Prohibitions

ECC4380