XAHET History of Economic Thought

Moravian Business College Olomouc
summer 2021
Extent and Intensity
2/1/0. 4 credit(s). Type of Completion: z (credit).
Teacher(s)
Dr. Miroslava Čechová Závadská, BSc., MSc. (lecturer)
Ing. Eva Jílková, Ph.D. (lecturer)
Dr. Miroslava Čechová Závadská, BSc., MSc. (seminar tutor)
Ing. Eva Jílková, Ph.D. (seminar tutor)
Guaranteed by
Dr. Miroslava Čechová Závadská, BSc., MSc.
Moravian Business College Olomouc
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
Course objectives
The aim of the course is to acquaint students with the history of the development of economic analysis, and thereby lay the foundations of economic theory as a theoretical reflection of constantly developing real economic life. The students will get familiarized with the development of economic thought from antiquity to the present. They will be able to discuss and assess the contribution of individual economic trends for the development of economic thought. Great emphasis is placed on acquiring knowledge of the essential differences between the neoclassical economics and Keynesianism and on the summary of the effects of Keynesian theory crisis in the 1970's. An integral part of the course is the explanation of the origin of contemporary theories and the efforts to formulate fundamental differences of economic trends outside the mainstream of economic thought. The origin and development of economic thought until the origin of the classical school. Characteristics of the classical economics and its main leaders. Utopian socialism. Economic school of K. Marx. Neoclassical economics and the causes of its crisis. J. M. Keynes and the development of Keynesianism after World War II. Sources of conservative economics and its main trends. Alternative economic theories (the socialist concepts, J. Schumpeter, institutionalism, etc.). Neo-neo-classical synthesis (P. A. Samuelson, J. Hicks). New classical macroeconomics (R. Lucas). Economic thought in the present
Syllabus
  • 1. The subject, function and periodization of the history of economic analysis, the theory of economics evolution
    2. Prehistory of economics formation
    3. Mercantilism and cameralism
    4. Classical political economy
    5. Alternative theory of economic thought of the 19th century
    6. Marginalism and the neo-classical school
    7. Institutional economics
    8. Macroeconomic theory of J. M. Keynes
    9. Keynesian macroeconomic tradition
    10. The Chicago school and monetarism
    11. Supply side economics, public choice theory, neo-neo-classical synthesis
    12. New classical macroeconomics and current economic thought
    The lectures which mostly take the form of lectures with discussion, interactive lectures or lectures supported by multimedia, are based in particular on the information-receptive method, verbal methods (description, explanation), the methods of demonstration (graphic and schematic representation, dynamic projection). The exercises are based, in particular, on the interactive dialogue and participatory methods.
Literature
    required literature
  • The History of Economic Thought [online]. info
  • BARBER, W. J. History of Economic Thought. Hanover, United States: University Press of New, 2009. ISBN 0819569380. info
  • EKELUND, R. B. and R. F. HE?BERT. A History of Economic Theory and Method. Long Grove, Ill.: Waveland Press, 2007. ISBN 978-15-776-6486-4. info
    recommended literature
  • SMITH, A. The Wealth of Nations: A Selected Edition for the Contemporary Reader. Abridged. Oxford, United Kingdom: John Wiley, 2010. ISBN 0857080776. info
  • HAYEK, F. A. von and B. CALDWELL. The road to serfdom: text and documents. Definitive ed. Chicago: University of Chicago Pr, 2007. ISBN 0226320553. info
  • FRIEDMAN, Milton a Rose D. FRIEDMAN. Capitalism and freedom. 40th anniversary ed. hicago: University of Chicago Press, 2002. ISBN 0226264211. info
  • MARX, K. and D. FERNBACH. Capital. 2nd ed. London, United Kingdom: Penguin Books, 1993. ISBN 0140445692. info
  • KEYNES, J. M. The general theory of employment, interest, and money. San Diego: Harcourt, Brace, Jovanovich, 1991. info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is also listed under the following terms summer 2022.
  • Enrolment Statistics (summer 2021, recent)
  • Permalink: https://is.mvso.cz/course/mvso/summer2021/XAHET