COURSE INFORMATION Course Title: HISTORY OF ECONOMIC THOUGHT

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 313	B	5	3	0	0	3	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Erjon Gjoçi , Fridays 15:00 - 17:00
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:	Online
Course Description:	History of Economic Thoughts. Cultural and Economic factors influencing different types of economic thought from the Classical Period to Modern Period , development of economics during Enlightenment and Industrial Revolution, emphasis in classical followers Smith, Marx, 19 century positivism, Keynesian and post-Keynesian economics, 29th century socialism, liberalism and neo-liberalism.
Course Objectives:	While there is much consensus, there continues to be much debate as to what economics is, what it is about, what are the best methods to study it, what are the policy implications, and what does it tell us about the world. The best way to understand these debates and to take a position is to understand the history of economic thought: how ideas of various thinkers and schools of thought were slowly incorporated into the mainstream of economics, marginalized as heterodox, or completely discarded; and how this process has changed many times.

COURSE OUTLINE

Week	Topics
1	Introduction
2	Overview of Economics
3	Pre-Classical Thought
4	The Classical School
5	Discussion & Case Study
6	The Marxian Challenge
7	The Marginal Revolution
8	Midterm
9	The Development of Macroeconomics
10	Institutional Economics
11	Post World War II Economics
12	Discussion & Case Study
13	21st Century Update
14	Review of History of Economic Thought

Prerequisite(s):	Microeconomics and Macroeconomics
Textbook:	Handbook of the History of Economic Thought: Insights on the Founders of Modern Economics. Editor: Jürgen Georg Backhaus
Other References:	Other readings assigned for each topic
Laboratory Work:	N/A
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Identify key economic writers and their contributions to economic thought
2	Identify and distinguish the major schools of economic thought: Classical, Marxist, Neoclassical, Austrian, Keynesian, Monetarist, New Classical
3	Better comprehend the origins and context of orthodox economic theory today
4	Understand the origins of key economic concepts and models

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Economics (3 years) Program
1	Students define the fundamental problems of economics	1
2	Students describe key economic theories	5
3	Students critically discuss current developments in economics	3
4	Students appropriately use software for data analysis	2
5	Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic	3
6	Students apply appropriate analytical methods to address economic problems	3
7	Students use effective communication skills in a variety of academic and professional contexts	3
8	Students effectively contribute to group work	2
9	Students conduct independent research under academic supervision	3
10	Students uphold ethical values in data collection, interpretation, and dissemination	5
11	Students critically engage with interdisciplinary innovations in social sciences	3
12	Student explain how their research has a broader social benefit	2

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Case Study	1	30
Final Exam	1	30
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	15	2	30
Mid-terms	1	15	15
Assignments			0
Final examination	1	20	20
Other	2	6	12
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5