Information Package / Course Catalogue
History of Economic Thought
Course Code: ECON203
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The History of Economic Thought course aims to provide students with a comprehensive understanding of the main currents of economic thought, the reasons for their emergence, their basic principles, and their impact on economic policies. The course aims to give students a critical perspective on contemporary economic problems and policies by analyzing the similarities and differences between economic approaches. It also aims to develop students' ability to evaluate modern economic thought from a historical perspective by helping them understand economic science's evolution and important economists' contributions in this process.

Course Content

This course examines economic schools of thought such as Mercantilism, Physiocracy, the Classical School, Neoclassical School, Keynesian School, Monetarist School, New Classical School, and Supply Side Economics from a historical perspective. It discusses the basic principles of each school of thought, its leading representatives, and their impact on economic policy. The course enables students to understand the development of different economic theories and their contributions to modern economics.

Name of Lecturer(s)
Assoc. Prof. Burcu YILMAZ
Learning Outcomes
1.Students will be able to distinguish the historical development of economic thought and the evolution of different schools of economic thought throughout history.
2.Students will be able to analyze the impact and application of each stream of thought on economic policies.
3.The course develops students' critical thinking and analysis skills. Students will be able to critically evaluate the similarities and differences of different schools of economic thought.
4.It enables students to develop a historical perspective on modern economic problems.
5.Students will be able to explain the contributions of important economists to economics.
Recommended or Required Reading
1.Kazgan, G. (2008). İktisadi düşünce ya da politik İktisadın evrimi. İstanbul: Remzi.
2.Küçükkalay, A. M., İktisadi Düşünce Tarihi. Beta Yayıncılık.
3.Bilgili, Y., İktisat Okulları: Karşılaştırmalı Ders Notları. İkinci Sayfa Yayınları.
Weekly Detailed Course Contents
Week 1 - Theoretical
Meeting the students and introducing the course syllabus
Week 2 - Theoretical
Mercantilism
Week 3 - Theoretical
Physiocracy
Week 4 - Theoretical
Classical School I
Week 5 - Theoretical
Classical School II
Week 6 - Theoretical
Reactions to Classical Economic Thought: National Movement, Historical Movement, Socialist Economic Thought
Week 7 - Theoretical
Neoclassical School I
Week 8 - Theoretical
Neoclassical School II
Week 9 - Theoretical
Keynesian School I
Week 10 - Theoretical
Keynesian School II
Week 11 - Theoretical
Monetarist School I
Week 12 - Theoretical
Monetarist School II
Week 13 - Theoretical
New Classical Economics
Week 14 - Theoretical
Supply Side Economics
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%30
Final Examination1%60
Assignment1%10
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Assignment1606
Midterm Examination114115
Final Examination130131
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
4
4
3
5
4
5
2
2
4
4
3
2
OÇ-2
4
5
3
5
4
5
2
3
4
5
4
2
OÇ-3
5
4
4
5
5
4
2
2
4
4
3
2
OÇ-4
5
5
3
5
4
5
2
2
4
5
3
2
OÇ-5
4
4
2
5
3
4
2
2
3
4
3
2
Adnan Menderes University - Information Package / Course Catalogue
2026