Information Package / Course Catalogue
History of Economic Thought
Course Code: İKT254
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 Critical Evaluation of the History of Economic Thought.

Course Content

The Development of Economic Thought Since 16th Century to 21th Century.

Name of Lecturer(s)
Prof. Mehmet BÖLÜKBAŞ
Learning Outcomes
1.The students will be able to analyse the work of major economists, schools and historical periods which play important roles in the history of economic thought.
2.They will also have ability to compare orthodox and heterodox economic schools.
3.Students will ackknowledge the scientific revolutions in economics.
4.Will be able to explain the development of economic thought within the framework of ideology.
5.Learn the role of classical economists in the construction of capitalism.
Recommended or Required Reading
1.Stanley L. Brue ve Randy R. Grant (2007):The Evolution of Economic Thought, 7th Edition, Thomson South-Western
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction:The Methodological Foundations of the History of Economic Thought - Economic Thought in Ancient Greek and the Middle Ages
Week 2 - Theoretical
Mercantilism and Physiocracy
Week 3 - Theoretical
Classical Political Economy I: A. Smith
Week 4 - Theoretical
Classical Political Economy II: D. Ricardo
Week 5 - Theoretical
Classical Political Economy III: Malthus, Bentham, Say, Senior, Mill and Monetary Thoery in Classical Thought
Week 6 - Theoretical
The Critics of Classical Political Economy: Utopian Socialists and K. Marx’s Thought System of Society, History and Economics.
Week 7 - Theoretical
German Historical School / Forerunners of Neoclassical Economics: Cournot and Dupuit
Week 8 - Theoretical
German Historical School / Forerunners of Neoclassical Economics: Cournot and Dupuit
Week 9 - Theoretical
German Historical School / Forerunners of Neoclassical Economics: Cournot and Dupuit
Week 10 - Theoretical
Neoclassical Marginalist (Multi-)Revolution I : C.Menger and Austrian School
Week 11 - Theoretical
Neoclassical Marginalist Multi-Revolution II: L. Walras and General Equilibrium
Week 12 - Theoretical
Neoclassical Marginalist Multi-Revolution III: W.S. Jevons ve A. Marshall/
Week 13 - Theoretical
The Developments in Microeconomics in 20th Century: Imperfect Competition, General Equilibrium, Welfare Economics and Game Theory
Week 14 - Theoretical
The Developments in Macroeconomics in 20th Century: J.M.Keynes, Neo and New Classical Synthesis.
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work101230
Midterm Examination19110
Final Examination114115
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
3
3
3
3
4
4
3
OÇ-2
3
3
3
4
4
4
4
OÇ-3
4
3
4
3
4
3
3
OÇ-4
3
3
3
3
3
3
3
OÇ-5
4
3
4
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026