University of Liege | Version française
Study programmes 2012-2013Last update : 18/06/2013
Version 2011-2012
ECON0064-3  History of Economic Thought

Duration :  30h Th, 15h Pr
Number of credits :  
Master degree in Economics, in-depth approach, 2nd year5
Master degree in Economics, didactic approach, 2nd year5
Master degree in Economics, professional focus in Economics and Finance, 2nd year5
Master degree in Economics, professional focus in Economic Analysis and Public Governance, 2nd year5
Master degree in Economics5
Lecturer :  Grégory Ponthiere
Language(s) of instruction :  
English 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.
Learning outcomes of the course :  
Prerequisites and co-requisites/ Recommended optional programme components :  
None.
Planned learning activities and teaching methods :  
//
Mode of delivery (face-to-face ; distance-learning) :  
Recommended or required readings :  
Assessment methods and criteria :  
Written examination (80 %) + Individual project
(20 %)
Work placement(s) :  
Organizational remarks :  
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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