Principles of Economic Thought

General

• Code: Α03
• Semester: Κατ/νσης Χειμ Εξάμηνο
• Study Level: Undergraduate
• Course type: Specialization
• Teaching and exams language: Greek
• Teaching Methods (Hours/Week): Theory (3)
• ECTS Units: 5

Course Contents

• The Economic Revolution.
• Adam Smith’s Wonderful World.
• The Bad Forebodings Of Thomas Malthus And David Ricardo.
• The Dreams Of Utopian Socialists.
• The Relentless System Of Karl Marx.
• The Victorian World And The Underworld Of Finance.
• The Primitive Society of Thorstein Veblen.
• The Heretical Views Of John Maynard Keynes.
• The Contradictions Of Joseph Schupeter.
• The End Of The Philosophy Of The Economic World.

Educational Goals

The course aims to describe the majors of economic thought. It includes topics related to the genesis of economic liberalism. With theories of value and distribution, economic development, and monetary issues, with general equilibrium and social welfare, with the Keynesian revolution and its consequences, with the economic role of the state and with economic justice and social choices. Finally, the aim of the course is to try to understand the way a capitalist society works and to acquire a basic theoretical background of the world of economics and economic theories through the genesis of economic science until today.

Upon successful completion of this module, the student will be able to:

• Recognize the way of genesis and development of the economic theory.
• Define the evolution of economic thought as a successive series of changes in the perception and consideration of the nature of the socio-economic process.
• Distinguish the historical character of economic theories and the way in which real socio-economic phenomena shape the evolution of economic theory.
• Define the genesis and history of the neoclassical theory with the aim of a more complete understanding and critical treatment of the taught economic theory as well as its approach as part of the history of economic theories.
• Examine the relevance and usefulness of the various currents of economic thought in the classical issues of the theory of value and distribution but also in contemporary problems (unemployment, social inequalities, etc.).

General Skills

to be filled

Teaching Methods

• Face to face.

Use of ICT means

• Online guidance.
• Slides Projection in the classroom.
• Use of E-mail and onlne communication systems.
• Use of e-learning system (moodle).

Teaching Organization

Students Evaluation

to be filled

Recommended Bibliography

1. ΧΑΙΛΜΠΡΟΝΕΡ ΡΟΜΠΕΡΤ, ΟΙ ΦΙΛΟΣΟΦΟΙ ΤΟΥ ΟΙΚΟΝΟΜΙΚΟΥ ΚΟΣΜΟΥ, Η ΖΩΗ, ΟΙ ΚΑΙΡΟΙ ΚΑΙ ΟΙ ΙΔΕΕΣ ΤΩΝ ΜΕΓΑΛΩΝ ΟΙΚΟΝΟΜΟΛΟΓΩΝ, Εκδόσεις Κριτική, 2000.
2. Ταξίδι στον κόσμο της οικονομίας, Galbraith, εκδόσεις Κάκτος 2000.
3. Οικονομικές θεωρίες και κρίσεις, Νίκος Χριστοδουλάκης, εκδόσεις Κριτική, 2015.

Related Research Journals

1. Journal of Economic Perspectives.