Course: History of Economic Thought

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Course title History of Economic Thought
Course code KSV/HEUX
Organizational form of instruction Lecture
Level of course Master
Year of study not specified
Semester Winter
Number of ECTS credits 2
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Hejtman Pavel, PhDr. CSc.
Course content
Theme I Introduction: from economic thinking tu economic science; overview ancient economic thought, middle ages, mercantilism Theme II/1 Capitalism and economic thought in second half 18th and first half 19th century. Emergence political economy as science, physiocrats F. Quesnay, A. R. J Turgot, classical political economy and your development W. Petty, A. Smith, D. Ricardo, R. Malthus; J. B. Say, W.N. Senior, J. S. Mill Theme II/2 Socialist alternative as concept of economic thought in 19th century and tis development; utopian socialism H. Saint - Simon; Ch. Fourier; R. Owen; marxisms K. Marx; F. Engels and its later brief overview (marx.-len. political economy) til end 80th 20. century. Thema III Economic thought in second half 19th century. The roots of modern microeconomic theory, marginalist revolution. Austrian subjective-psychological school. C. Menger, E. von Böhm-Bawerk, F. Wieser. Neoclassical theory: new methodology; theory of equlibirium, price theory, theory of distribution; W. S. Jevons; A. Marshall and A. C. Pigou (Cambridges shool); J. B. Clark. General equlibrium theory and Lausanne school: L. Walras, W. Pareto Theme IV Neoclassics in first half 20th century. Theory of firm, theory of perfect and imperfect competition; j. Robinson, E. H. Chamberlin. Theme V Institutionalism and neoinstitutionalism; methodoly, conception of institutions, T. Weblen, R. Commons, institucionalism and New Deal, neoinstitucionalism and J. K. Galbraith. Theme VI Keynesian macroeconomics (revolution) J. M. Keynes, ?The General Theory?, effective demand, Keynes ? theory of money, the problem of uncertinaity and expectancy. Theme VII Great neoklassical synthese ((P. A. Samuelson, F. Modigliani, R. Solow, L. Klein, A. Hansen a R, Hicks) Theme VIII Neoclassical renaissance, neoclassical tvor of growth Theme IX: Chicago school: F. Knight, J. Winer, H. Simmons; G. Stiegler, R. Coase, G. Becker, Theme X Neoaustrian school: L. von Mises a F. von Hayek, I. M. Kirzner Theme XI J. A. Schumeter; Attempt at formulation of inovation dynamic theory , tehory of cyclical development Theme XII Global times: Amartya Sen, Joseph E. Stiglitz, Paul Krugman (IP 14 26/2b) Theme XIII Czech economic though ?brief review:

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), E-learning
  • Class attendance - 39 hours per semester
  • Preparation for classes - 40 hours per semester
Learning outcomes
Course gives an overview of origin and main movements of economical thinking. Compares attitudes and possible ways of solution of individual movements or schools for analysis and solution of economical problems of society life. Also informs of significant representatives of these movements and schools.
Understanding basic trends in development of economic thinking; capability of seeking, procesing and assesment informations about influential economists, part. via internet
Stadard PC(Power Point), internet and e-learning user; en or ger advanced text reading.

Assessment methods and criteria
Student performance assessment, Combined exam, Seminar work

Individual Project elaboration: brief biography of one influential ekonomic thinkers; requisite structure; ext. 12 pp., translation of autor´s original text (en. ger.) 12 pp., brief presentation in PowerPoint. All tasks are in e-learning form SB Univerity Moodle.
Recommended literature
  • Blaug, M.. Economic Theory in Retrospect, Fifth Edition,. Cambridge University Press, 1997.
  • Fuchs, K., Lisý, J. Hlavní směry ekonomického myšlení. Brno. 1998.
  • Holman R. a kol. Dějiny ekonomického myšlení. Praha, C. H. Beck, 2005.
  • Pressman S. Encyklopedie nejvýznamnějších ekonomů, Barrister & Principal, 2005.
  • Rich A. Etika hospodářství I, II.. Praha, 1994.
  • Schumpeter, J. A. History of Economic Analysis. London, 1986.
  • Sirůček, P. Průvodce dějinami standardních ekonomických terorií. Slaný, 2003.
  • Sojka, M.. Dějiny ekonomických teorií.. 2010.

Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Education Study plan (Version): Teacher Training of Basics of Social Sciences and Civic Education for High and Secondary School (1) Category: Pedagogy, teacher training and social care 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Education Study plan (Version): Teacher Training of Basics of Social Sciences and Civic Education for High and Secondary School (1) Category: Pedagogy, teacher training and social care 1 Recommended year of study:1, Recommended semester: Winter