Lectures and seminars.
- Scarcity, choice and opportunity cost
- Pre-capitalist Europe
- Adam Smith and the Industrial Revolution
- Malthus and Ricardo
- The Socialists
- Marx's critique of capitalism
- Marshall and the Neoclassics - The development of microeconomics
- Veblen and Galbraith
- The great depression and the Keynesian revolution - the emergence of guided capitalism.
- Free trade
- Perestroika - restructuring the Marxist legacy
To provide students with a preliminary understanding of alternative approaches to the study of fundamental economic issues, theory and analysis. At the end of the course, the student will be able to:
- demonstrate an understanding of the interaction between the process of economic development and the development of economic ideas;
- will demonstrate an understanding of the major differences, both theoretical and ideological, between Classical, Neo-Classical, Marxist and Keynesian economics;
- employ the basic tools of economics, such as supply and demand, to analyze the economic problems confronting modern economics. Selected topics may include free-trade, the relationship between unemployment and inflation and the economic restructuring of Marxist economies.
|Term Tests||30% - 65%|
|Final Examination||30% - 40%|
|Class participation - instructor evaluation||05% - 10%|
THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.
Textbooks and Materials to be Purchased by Students
References will be chosen from the following list, as determined by the instructor.
- Heilbroner, Robert L. The Worldly Philosophers, Latest Ed. New York: Simon and Schuster Inc.
- Hunt, E.K. and H.J. Sherman. Economics, Latest Ed. New York: Harper and Row.
- Canterbery, E. Ray. The Making of Economics, Latest Ed. Belmont, California: Wadsworth Publishing Company.
- Ibsen, Four Great Plays by Ibsen; Voltaire, Candide; Orwell, Animal Farm.
BC Pre-Calculus 11