HISTORY OF ECONOMIC THOUGHT PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF225	HISTORY OF ECONOMIC THOUGHT	3	3	3	6

GENERAL INFORMATION
Language of Instruction :	English
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Prof. BÜLENT EŞİYOK
Instructor(s) of the Course Unit	Assist.Prof. NURHAN TOĞUÇ
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to provide the students with the knowledge of economic history and theory that will contribute to the interpretation of economic events.
Contents of the Course Unit:	Contents of the course include the subjects such as Physiocracy, Classical and Neo-Classical Thought, Marxism, Keynesian.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the historical processes of Schools of economic thought. (2)
Interpret the differences and similarities between the schools of economics. (4)
Explain the schools of economics and their representatives. (2)
Describe the contributions made by thinkers who have influenced Mercantilism, Physiocratic, Classical, Neo-Classical, Keynesian and many more to the economics literature. (2)
Explain the emerging paradigms along with their reasons. (2)
Interpret the emergence of an economics paradigm. (4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Mercantilism	Lecture & Question Answer
2	Reading	Physiocracy	Lecture & Question Answer
3	Reading	The Birth of Classical Economics: Adam Smith	Lecture & Question Answer
4	Reading	T.R. Malthus and Population Theory	Lecture & Question Answer
5	Reading	David Ricardo and the Labor Theory of Value, Theory of Comparative Advantage	Lecture & Question Answer
6	Reading	The Birth of Utility Theory and Its Representatives	Lecture & Question Answer
7	Reading	Socialist Economic Thought and Karl Marx	Lecture & Question Answer
8	-	MID-TERM EXAM	-
9	Reading	The Birth of Neoclassical Economic Thought and Its Representatives	Lecture & Question Answer
10	Reading	Evolutionary Economics and T. Veblen	Lecture & Question Answer
11	Reading	Keynesian Economic Analysis	Lecture & Question Answer
12	Reading	Monetarism	Lecture & Question Answer
13	Reading	Post Keynesian Economics	Lecture & Question Answer
14	Reading	Institutional Economics	Lecture & Question Answer
15	Reading	General Review	Lecture & Question Answer
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Hunt, E. K., Mark, L. (. 2016) History of Economic Thougth. PHOENIX PUBLICATIONS
Robbins, L. Medema, S. Samuels, J. Baumol W. (2000). A History of Economic Thought.Princeton Universty press.
http://www.nptelvideos.in/2012/12/history-of-economic-theory.html

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the basic concepts of economics, administrative and human sciences. (Bloom 1)				3
2	Evaluate the economic environment and overall sustainability of firms. (Bloom 4)		1

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)		1
2	Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)		1

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret the charts and tables related to the field. (Bloom 2)		1

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)		1
2	Analyze economic and financial reports. ((bloom 4)		1
3	Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)		1
4	Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)				3

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).		1

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)			2

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)			2

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)		1
2	Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)			2
3	Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)		1
4	Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)		1

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	2	26
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	7	2	14
Assignment (Homework)	10	2	20
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	4	8	32
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	2	8	16
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	52	0	152