Duration
30h Th, 15h Pr
Number of credits
| Master in economics : general (120 ECTS) | 4 crédits | |||
| Master in economics : general (60 ECTS) | 5 crédits | |||
| Extra courses intended for exchange students (Erasmus, ...) | 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, hybrid learning)
Face-to-face delivery (for part 1) Work at home (for part 2)
Organisational adjustments related to the current health context
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
Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.
Any session :
- In-person
oral exam
- Remote
written work
- If evaluation in "hybrid"
preferred remote
Additional information:
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 Friday morning from September 20th. 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 / Manon Bolland
e-mail: jerome.schoenmaeckers@uliege.be
Tel : 04 366 29 65
Office: B.31 - R.51