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Teaching Guide 2021 Spring History of Economic Thought I Teaching Guide 2021 Spring 11971 History of Economic Thought I Online Mode Universidad Católica San Antonio de Murcia – Tlf: (+34) 968 278 160 [email protected] – www.ucam.edu Economics - Tlf: (+34) 902 102 101 History of Economic Thought I 11971 History of Economic Thought I Course Information Module: History of Economic Thought I Field: Economics Character: Introductory Training Credits: 4 Course Instructor Information Teacher: TBA Online hours: 55 hours Student’s attention timetable: Monday to Friday, 10h - 12h Module coordinator teacher: To be assigned Brief Description The course is aimed at acquainted learners with the development of economic thoughts. It gives an in-depth introduction to critical and classic thoughts from great minds. Topics covered by the course include Prehistory of Political Economy, William Petty and the Origins of Political Economy, Political Economy of the Enlightenment, Adam Smith, David Ricardo, The Ricardians and the Decline of Ricardianism, Karl Marx, etc. Previous Requisites None. Economics - Tlf: (+34) 902 102 101 History of Economic Thought I Competences and Learning Results 1. Cross curricular competences: (1) Analysis and synthesis skills; (2) Planning and organizational skills; (3) Problem solving skills; (4) Decision making skills; (5) Information management skills; (6) Computer science knowledge related to the field of study; (7) Capacity for critical thinking; (8) Autonomous learning; (9) Motivation for quality; (10) Reflection ability. 2. Learning results: Having successfully completed this course, students will be able to: 1. Gain insights into the origins of economics theory; 2. Identify the major ideas associated with each group or thinker studied; 3. Place the theories and ideas studied within the context of the times in which they developed; 4. Identify theories that radically differ from modern mainstream theory. Economics - Tlf: (+34) 902 102 101 History of Economic Thought I 3. Specific Competences 1. Know and apply the basic theory of economic thoughts; 2. Understand some historically important concepts of the political economy and economics; 3. Acquire a broad understanding of the evolution of economic thinking; 4. Communicate fluently within the work environment and work in team. Methodology Hours of work Hours of work Methodology Hours Face-to-face Non Face-to-face Online Video 50 88 hours (60%) Online Forum Discussion 8 Assessment 30 Personal study 30 68 hours (40%) Tasks 22 Practical teaching 10 preparation Bibliographic search 6 TOTAL 156 88 68 Economics - Tlf: (+34) 902 102 101 History of Economic Thought I Required Textbook Alessandro Roncaglia, 2017, A Brief History of Economic Thought, Cambridge University Press. Class Schedule Week Lesson Content 1 1 Introduction: The History of Economic Thought and Its Role 2 Why the History of Economic Thought Is Considered Useless 3 The Stages of Economic Theorising: Conceptualisation and Model-building Economics and the History of Economic Thought 4 Classical Antiquity; Patristic Thought; The Scholastics 5 Usury and Just Price; Bullionists and Mercantilists The Naissance of Economic Thought in Italy: Antonio Serra Quiz 1 2 6 William Petty and the Origins of Political Economy Political Arithmetic and the Method of Economic Science 7 National State and the Economic System; Commodity and Market; Surplus, Distribution, Prices 8 The Debates of the Time; John Locke The Motivations and Consequences of Human Actions 9 Bernard de Mandeville; Richard Cantillon; François Quesnay and the Physiocrats 10 The Political Economy of the Enlightenment; Turgot The Italian Enlightenment: the Abbé Galiani The Scottish Enlightenment: Francis Hutcheson and David Hume Economics - Tlf: (+34) 902 102 101 History of Economic Thought I Assignment 1 due 3 11 Midterm Test 12 Adam Smith Method; The Moral Principle of Sympathy; The Wealth of Nations; Value and Prices 13 Natural Prices and Market Prices; The Origin of the Division of Labour: Smith and Pownall; Economic and Political Liberalism: Smith’s Fortunes 14 The Perfectibility of Human Societies: Between Utopias and Reforms; Malthus and the Population Principle; Say’s Law 15 Under-consumption Theories: Malthus, Sismondi; The Debate on the Poor Laws; The Debate on the Colonies; Bentham’s Utilitarianism Assignment 2 due 4 16 David Ricardo’s Dynamic Vision 17 From the Corn Model to the Labour Theory of Value Absolute Value and Exchangeable Value: The Invariable Standard of Value 18 Money International Trade and the Theory of Comparative Costs On Machinery: Technological Change and Employment 19 The Forces in the Field Robert Torrens Samuel Bailey 20 Thomas De Quincey and John Ramsay McCulloch The Ricardian Socialists and Cooperativism Nassau William Senior and the Anti-Ricardian Reaction Quiz 2 5 21 Charles Babbage John Stuart Mill and Philosophical Radicalism Mill on Political Economy 22 The Critique of the Division of Labour: Alienation and Economics - Tlf: (+34) 902 102 101 History of Economic Thought I Commodity Fetishism The Critique of Capitalism and Exploitation 23 Accumulation and Expanded Reproduction The Laws of Movement of Capitalism The Transformation of Labour Values into Prices of Production 24 A Critical Assessment Marxism after Marx 25 Final Exam Rating system: 1. Assessment ASSESSMENT ITEM PERCENT OF FINAL GRADE 2 Assignments 20% (10% per assignment) 2 Quizzes 20% (10% per quiz) Midterm 20% Final exam 40% 2. Grading Scale A+ 96-100 A 90-95 A- 85-89 B+ 82-84 B 78-81 B- 75-77 C+ 71-74 C 66-70 C- 62-65 D 60-61 F < 60 Economics - Tlf: (+34) 902 102 101 History of Economic Thought I General Expectations: Students are expected to: Attend all classes and be responsible for all materials covered in class and otherwise assigned; Complete the daily required reading and assignments before class; Review the previous class notes before class and make notes about questions you have about the previous class or the course reading; Participate in class discussions and complete required written work on time; Refrain from texting, phoning or engaging in computer activities unrelated to class during the class period; While class participation is welcome, even required, you are expected to refrain from private conversations during the class period. Attending Policy Regular and prompt attendance is required. Attendance will be taken at the start of the course. Those that miss their name, during roll call, will be counted as absent. Students can miss up to three classes (including labs) and earn 7% (out of 10%). After the third absence, students will earn a grade of 0% (out of 10%). Arriving late and/or leaving before the end of the class are equivalent to absences. Policy on “Late Withdrawals” In accordance with the policy of UCAM, appeals for late withdrawal will be approved ONLY in case of medical emergency and similar crises. Economics - Tlf: (+34) 902 102 101 History of Economic Thought I Academic Honesty All students are expected to respect academic honesty policy. Instructors will fail assignments that show any evidence of plagiarism or other forms of cheating and will also report the student's information to the University Administration Office. A student reported to the University for cheating will be placed on the list of disciplinary probation; a student reported twice will be suspended or expelled. Special Needs or Assistance Please contact the University Administrative Office immediately if you have a learning disability, a medical issue, or any other type of problem that prevents professors from seeing you have learned the course material. Economics - Tlf: (+34) 902 102 101.
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