Duration
30h Th, 15h Pr
Number of credits
| Master in economics : general (120 ECTS) | 4 crédits | |||
| Master in economics : general (60 ECTS) | 5 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The fundamental objectives of this course are:
- Definition of the most important concepts and theories.
- Presentation of the main thoughts of the great economists over time.
- Critical analysis of the different schools of economic thought.
- Introduction
- The antic Greek, Medieval and Renaissance economic thought
- The birth of capitalism and the economic ideas before Adam Smith
- Adam Smith (1723-1790)
- Thomas Robert Malthus (1766-1834)
- David Ricardo (1772-1823)
- Jean-Baptiste Say (1767-1832)
- John Stuart Mill (1806-1873)
- Karl Marx (1818-1883) and his followers
- The Lausanne school: Leon Walras (1834-1910) and Vilfredo Pareto (1848-1923)
- Alfred Marshall (1842-1924)
- John Maynard Keynes (1883-1946)
- The Austrian school: Aloïs Schumpeter (1883-1950) and Friedrich von Hayek (1899-1992)
- Piero Sraffa (1898-1983)
- Paul Samuelson (1915-2009)
- Milton Friedman (1912-2006)
- The revival of conservative Neoclassicists
- The Neokeynesian school
Learning outcomes of the learning unit
- Develop a knowledge of the main concepts and the different theories that were essential in the history of economic thought. - Be able to present a part of a school of economic thought. - To be able to discuss, compare and criticize different schools of thought.
Prerequisite knowledge and skills
None.
Planned learning activities and teaching methods
6 theoretical sessions and 3 presentation sessions
Mode of delivery (face-to-face ; distance-learning)
Face-to-face delivery (for part 1) Work at home (for part 2)
Recommended or required readings
- Hunt E.K. and Lautzenheiser, History of Economic Thought. A Critical Perspective, Armonk, New York and London, M. E. Sharpe, 2011 (3rd ed.)
- Backhaus J. G. (ed.), Handbook of the History of Economic Thought. Insights on the Founders of Modern Economics, New York, Springer, 2012
- Deleplace G. et Lavialle C., Maxi Fiches de Histoire de la pensée économique, Paris, Dunod, 2008
- Slides on Lola
Assessment methods and criteria
Oral exam on the first six theoretical courses and quality of the work-presentation-discussion (50/50)
Work placement(s)
Organizational remarks
The course is given in English on Thursday morning from October 4th. The first 6 are taught by the teacher and the last 3 by the student presentations, supervised by the assistant.
Contacts
Professor: Bernard Thiry - e-mail: b.thiry@uliege.be
Assistant: Jérôme Schoenmaeckers
e-mail: jerome.schoenmaeckers@uliege.be
Tel : 04 366 29 65
Office: B.31 - R.51