Undergraduate Programme and Module Handbook 2020-2021 (archived)
Module ECON3051: HISTORY OF ECONOMIC THOUGHT
Department: Economics and Finance
ECON3051: HISTORY OF ECONOMIC THOUGHT
| Type | Open | Level | 3 | Credits | 20 | Availability | Available in 2020/21 | Module Cap | Location | Durham |
|---|
Prerequisites
- Macroeconomics (ECON2011) AND Microeconomics (ECON2021).
Corequisites
- None.
Excluded Combination of Modules
- None.
Aims
- To develop knowledge of the schools of thought in the history of economics since Classical Economics, and to examine the methodological criteria by which analytical or scientific advances in the discipline may be determined. The module also provides students with the opportunity to participate in student-centred learning drawing on recent research. This module builds on the knowledge and understanding gained in Level 2 core modules.
Content
- The module focuses on Classical economics, covering the literature from Smith to Cairnes and including such topics as value, distribution, money, trade, economic growth and public finance as well as economic policy issues.
- After this the module turns to the writing of particular individual economists: Marx, Jevons, Menger, Wakas, Wieser, Bohm-Bawerk, Keynes .
- The module concludes with a discussion of theories of the history of science and their applications to economics.
Learning Outcomes
Subject-specific Knowledge:
- understanding the historical development of analytical techniques in economics
Subject-specific Skills:
- using the history of ideas as an essential part of economic reasoning
Key Skills:
- Reasoning abilities
- Skills in assessing alternative ideas, and the criteria used in accepting or rejecting economic arguments, theories or theoretical systems
- Mathematical skills will be enhanced by examination of the gradual refinement of mathematical techniques in economics.
- Students' skills in writing and presenting their economic knowledge
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures and tutorials. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment is by means of one piece of written work. Summative assessment is by means of a written examination and a written assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 22 | 1 per week | 1 hour | 22 | |
| Tutorials | 8 | Fortnightly | 1 hour | 8 | ■ |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 60% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written examination | 2 hours | 100% | |
| Component: Assignment | Component Weighting: 40% | ||
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written assignment | 2500 words max | 100% | |
Formative Assessment:
One piece of written work of not more than 1500 words.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University