Course: History of Economic Thought

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Course title History of Economic Thought
Course code MUE/1DEMY
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Summer
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Mikeska Martin, Ing. Ph.D.
Course content
I. The Early Stage of the Formation of Economic Thought 1. Ancient and Medieval Economic Thought, Mercantilists and Cameralists 2. Natural law philosophers and Physiocrats, Classical political economy, Adam Smith 3. Followers and critics of Classical economics, the crisis of capitalism II. The Shaping of Modern Economic Thought 4. French socialism and harmonism, German historical school 5. Historical materialism, property and exploitation, Karl Marx 6. Marginalist Revolution of 1871, W. Jevons; Lausanne School, L. Walras III. The Alternative Schools of Modern Economic Thought 7. Cambridge School, Alfred Marshall, the emergence of modern microeconomics 8. Austrian School, J.A. Schumpeter, American and Swedish marginalists 9. Institutionalism and Ordoliberalism, Social market economy IV. The Main Schools of Economic Thought Shaping Modern Economics 10. J.M. Keynes and Keynesianism after the Great Depression 1929, the emergence of modern macroeconomics 11. The Chicago School, Milton Friedman, Monetarism 12. The anti-Keynesian revolution and modern trends in Economic Thought

Learning activities and teaching methods
Lecturing, Teamwork, E-learning
  • Participation in classes - 26 hours per semester
  • Preparation for examination - 24 hours per semester
  • Home preparation for classes - 20 hours per semester
  • Term paper - 20 hours per semester
prerequisite
Knowledge
The course builds on the Macroeconomics I and Microeconomics I.
The course builds on the Macroeconomics I and Microeconomics I.
learning outcomes
describe the main economic schools and schools of thought
describe the main economic schools and schools of thought
list selected minor schools of economics and schools of thought
list selected minor schools of economics and schools of thought
characterize the typical features of each school of economic thought
characterize the typical features of each school of economic thought
describe the key models and concepts of economic thought
describe the key models and concepts of economic thought
identify the historical context of the different stages in the development of economic thought
identify the historical context of the different stages in the development of economic thought
describe the economic context of each stage of the development of economic thought
describe the economic context of each stage of the development of economic thought
Skills
distinguish between basic economic theories in a real economic situation
distinguish between basic economic theories in a real economic situation
apply economic theories in a real economic situation
apply economic theories in a real economic situation
teaching methods
Knowledge
Lecturing
Lecturing
Dialogic (Discussion, conversation, brainstorming)
Dialogic (Discussion, conversation, brainstorming)
E-learning
E-learning
Skills
Teamwork
Teamwork
Individual work of students
Individual work of students
assessment methods
Knowledge
Grade (Using a grade system)
Grade (Using a grade system)
Composite examination (Written part + oral part)
Composite examination (Written part + oral part)
Recommended literature
  • ALLEN, Robert C. Global economic history: a very short introduction. New York: Oxford University Press, 2011. ISBN 978-0199596652.
  • EATWELL, John, Murray MILGATE, Peter NEWMAN a Robert Harry Inglis PALGRAVE. The New Palgrave: a dictionary of economics. Tokyo: Maruzen, 1987. ISBN 978-0935859102.
  • EKELUND JR., Robert B. a Robert F. HÉBERT. A History of Economic Theory and Method. Sixth Edition. Waveland Press, 2014. ISBN 978-1478606383.
  • HOLMAN, Robert. Dějiny ekonomického myšlení. V Praze: C.H. Beck, 2017. ISBN 978-80-7400-641-8.
  • HUNT, E. K. a Mark LAUTZENHEISER. History of economic thought: a critical perspective. 3rd ed. Armonk. N.Y.: M.E. Sharpe, 2011. ISBN 978-0765625984.
  • NOVÁČEK, Vnislav. Ekonomické teorie: přehled vývoje světového ekonomického myšlení: (teze přednášek). Zlín: Univerzita Tomáše Bati ve Zlíně, 2010. ISBN 978-80-7318-9-1.
  • SOJKA, Milan. Dějiny ekonomických teorií. Praha: Havlíček Brain Team, 2010. ISBN 9788087109212.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester