Skip to main content
Unit of study_

ECOS3004: History of Economic Thought

Where do the current beliefs - theories, doctrines, postulates and attitudes - of modern economics come from? If current theories and doctrines have a definite historical beginning, what schools of thought did they supplant? Are there alternative or dissident views which subsisted alongside mainstream economics in the twentieth century - and if so, what are they and where did they originate from? This unit seeks to answer these questions, as well as others. It provides an overview of the development of economic ideas from the seventeenth to the twentieth century, combined with a more intensive focus on the thought of certain key figures in that history. The particular topics covered include: the formation of economics to 1776; Adam Smith; classical economics from Smith to J.S. Mill; the rise of marginalist economics; John Maynard Keynes; and orthodox and heterodox currents in twentieth century economics.

Code ECOS3004
Academic unit Economics
Credit points 6
ECOS2001 or ECOS2901 or ECOS2002 or ECOS2902 or ECOP2011 or ECOP2001 or ECOP2012 or ECOP2002

At the completion of this unit, you should be able to:

  • LO1. use conceptual systems of thought for analysis and diagnosis
  • LO2. demonstrate skills for the appropriation of knowledge to one's self
  • LO3. achieve 'critical distance' to enable standing 'outside' such systems and critically test them
  • LO4. demonstrate critical command of conceptual machineries of thought and analysis.