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.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
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
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses