ECON 1070 - HISTORY OF ECONOMIC THOUGHT 1
Minimum Credits: 3
Maximum Credits: 3
This course surveys the development of economic thought from post-Renaissance times through the early 20th Century. The primary objective of the course is to understand the intellectual foundations of modern economic theory and understand how economic philosophy evolved through-and alongside-history. The course will focus on 1) the origins of modern economic thought during the Renaissance and Reformation, 2) English mercantilism, 3) key pre-Smith writers such as Hobbes, Locke, Petty, Cantillon, Law and the French Physiocrats, 4) the classical model of Adam Smith’s Wealth of Nations, 5) early classical theorists, particularly Ricardo, Mill and Malthus, 6) the 19th century emergence of neoclassical economics—marginal analysis and optimization , 7) the Austrian school, 8) Walrasian general equilibrium, 9) the early 20th Century Cambridge School, and 10) the emergence of Keynesianism as a challenge to classical orthodoxy.
Academic Career: Undergraduate
Course Component: Lecture
Grade Component: LG/SNC Elective Basis
Course Requirements: PREQ: ECON 0100 or ECON 0110 or ECON 0800
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