University of Liege | Version française
Study programmes 2011-2012Last update : 14/06/2012
ECON0064-3  History of Economic Thought

Duration :  30h Th, 15h Pr
Number of credits :  
Master in Economical Sciences, didactic approach, 2nd yearSecond semester5
Master en sciences économiques, à finalité spécialisée en développement de solution créatives, 2nd yearSecond semester5
Master en sciences économiques,orientation générale, à finalité spécialisée en economics and finance, 2nd yearSecond semester5
Master en sciences économiques, orientation générale, à finalité spécialisée en economic analysis and public governance, 2nd yearSecond semester5
Master in Economical SciencesSecond semester5
Lecturer :  Grégory Ponthiere
Language(s) of instruction :  
French language
Course contents :  
This course studies the evolution of economic thought - its ideas, its concepts, its theories, its debates - across the last three centuries, and focuses on three objectives :
- to introduce students to the major currents in economic thought from the 17th century to the present day;
- to develop students' ability to analyze, compare, and criticize economic theories built upon a variety of foundations;
- to give students the opportunity to reflect, in the light of great works of economics, upon the status of the discipline of economics, its specificity, and its development over time.

Course outline
First part
· Mercantilism;
· Pre-classical Political Economy: Cantillon, Quesnay and the Physiocrats;
· The Classical Revolution: Smith, Malthus, and Ricardo ;
· The Utilitarian Revolution: Bentham and Mill ;
· The socialist critique of Political Economy: Marx ;
· The Neoclassical Revolution: Cournot, Jevons, Walras and Pareto ;
· The second generation of the English Neoclassical School and its developments: Marshall, Pigou, and Keynes.
Second part
· A paper written by the student on a major work in economics from the 20th century.
Prerequisites and co-requisites/ Recommended optional programme components :  
None.
Planned learning activities and teaching methods :  
//
Assessment methods and criteria :  
Written examination (80 %) + Individual project
(20 %)
Contacts :  
Gregory PONTHIERE
Ecole Normale Supérieure - Ulm
Contact: gregory.ponthiere@ens.fr
Office B, Building B
Boulevard Jourdan, 48,
75014 Paris, France.


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