History of Economic Thought
| Module title | History of Economic Thought |
|---|---|
| Module code | BEE1032 |
| Academic year | 2021/2 |
| Credits | 15 |
| Module staff | Professor John Maloney (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 10 |
| Number students taking module (anticipated) | 250 |
|---|
Module description
This module is an introduction to some of the great economists and their work including:
· Adam Smith
· Karl Marx
· John Maynard Keynes
The module will also provide students with an understanding of classical and neoclassical economics as well as the economics of today
Additional information:
Internationalisation
The focus is necessarily international, given that it is the history of global, not British or European, economic thought.
Employability
The transferable skills listed below are chosen with regard to employability: there is a particularly strong focus on good use of English.
Research in Teaching
The module draws on my own research in the subject
Module aims - intentions of the module
To introduce students to the great economists of the past. Students to understand how economics evolved into what it is today. Students to understand that the questions raised by contemporary economics are not the only important ones.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. understand where modern economics came from
- 2. understand the forces governing the development of economic theory and policy
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 3. know about and evaluate the different questions asked by economists
- 4. supplement the economic analysis learnt on BEE 1029, BEE 1030/1031 or BEE 1034
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 5. think more logically
- 6. write better English
- 7. work in groups
Syllabus plan
• Adam Smith (1 week)
• Classical Economics (1 week)
• Karl Marx (2 weeks)
• Neoclassical economics (1 week)
• Keynes (1.5 weeks)
• Revival of Economic Liberalism (1.5 weeks)
• Post-Keynesian and Austrian Economics (2 weeks)
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 30 | 120 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching Activity | 11 | Lectures, recorded, asynchonous |
| Scheduled Learning and Teaching Activity | 11 | Tutorials, face to face |
| Scheduled Learning and Teaching Activity | 11 | Q&A Session, whole class, online |
| Guided Independent Study | 117 | Reading, research, reflection; Preparation for lectures and tutorials; Preparation for assessments. |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Group Presentation slides | 1 hour | 1-7 | Verbal |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 20 | 80 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Essay | 20 | 1500 words | 1-7 | Written comments |
| Exam | 80 | 1.5 hours | 1-7 | Verbal feedback if requested |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Essay (20%) | Essay, 1500 words (20%) | 1-7 | August/September Reassessment Period |
| Exam (80%) | Exam, 1.5 hours (80%) | 1-7 | August/September Reassessment Period |
Re-assessment notes
Students who have an overall mark below 40 must retake whichever element(s) they failed unless the module can be condoned
Indicative learning resources - Basic reading
Agar Sandmo, Economics Evolving
Indicative learning resources - Web based and electronic resources
The main indicative learning resource is the ELE page, which will include but not be limited to, discussion forums, all recorded lecture content, slides, handouts, slides from group presentations and examples of good answers from last year
Indicative learning resources - Other resources
Kahoot
Zoom or teams chat
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | BEE1029 or BEE1036 or BEE1037 or BEE1034 |
| NQF level (module) | 4 |
| Available as distance learning? | No |
| Origin date | 02/07/2012 |
| Last revision date | 26/06/2020 |
