Instructor: Славиша Ковачевић, PhD, Associate Professor
The goal is to give students basic knowledge about the historical development of science, schools and directions that shaped the modern economic science.
|Number of classes per week:
PhD Associate Professor
|Learning Outcomes (gained knowledge):
||After this course, students will gain basic knowledge about the historical development of economic science. They will be able to independently analyze and evaluate permanent or transient contributions in the field of history of economic ideas.
||The formation of economic thought; Economic thought of ancient Greece and Rome; Economic thought of the Middle Ages, representatives and ideas; Mercantilist ideas; Representatives of mercantilism; Contributions of mercantilism; Physiocratism, ideas and representatives; Quesnay's model of reproduction; Classical political economy, representatives and ideas; Forerunners of classics; Representatives of classical political economy; The development of classical economics, characteristics and representatives; Jean-Baptiste Say; Thomas Malthus; Ricardo's school; The first socialist utopians; A great utopian socialists; The Ricardian Socialists; Marks and Asian mode of production; Friedrich Engels; Lenin-Plekhanov controversy on the Asian restoration; General ideas and representatives of the historical school; The main features of marginalism; Austrian School; Lausanne school; Cambridge school; Swedish school; The basic idea of post-Marshall economy; The theory of market forms; Corporate capitalism and institutions; Thorstein Veblen; Institutionalism in the interwar period; Keynesian economic theory; The time of rise of Keynes theory; Keynes works; Keynesian economic philosophy; Keynesian economic theory; Keynesian economic policy; Revolutionism of the Keynes theory; Keynesian economics; Determination of interest and wages; Effective demand; Keynes effect; The labor market in the Keynesian model; New Keynesians; The Chicago school of monetarism; History of monetarism; Monistic economic policy; Characteristics of monetarism; Consumption function; The empirical merits of monetarism; The ratio monetarism – new classical macroeconomics; Incomplete information and the model of deceiving; The inefficiency of economic policy; Political business cycles; The rise of the New Left; Characteristics and representatives of radical political economy; Criticism of corporatism; Exploitation and theory of value; Theories of underdevelopment; School of Economics offers; The new institutionalism; The constitutional economy; The New Austrian School; Post-Keynesians.
|Teaching Methods and Learning Activities:
||Lectures through oral presentations, use of practical examples and graphical interpretation.
||Jakšić, М. (2003). Development of Economic Though, Third Edition. Belgrade: Faculty of Economics.
|Types of Assessment for the subject:
||Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)
|Special Remarks for the subject:
||The subject is taught according to the same program at leading universities in the world.