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History of Economic Thought

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code114-0312/05
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *Second Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
KUL20prof. Ing. Lumír Kulhánek, CSc.
SPA60Ing. Lenka Spáčilová, Ph.D.
MAH11prof. Ing. Martin Macháček, Ph.D. et Ph.D.
Summary
The course introduces students to the development of the main directions and
particular schools of economic thinking. It compares theoretical approaches to
the chosen economic issues within the framework of various conceptions of
economic theory. Futhermore, it provides an insight into the development of
ideas concerning the history of economic thinking.
Learning Outcomes of the Course Unit
- outline the development of economic thinking from ancient era to the preset
- argue and assess the contribution of the particular economic ideas to development of economics
-recognise and formulate the distinctions between the Neoclassical School and the Keynesian School
- conclude the consequences of crisis of the Keynesian theory in seventies of twenty
- formulate the basic differences of nonmainstream economic theories
- identify the characteristics of the Czech economic thought

Course Contents
1. Ancient economic thought. Scholastics.
2. Mercantilism.
3. Physiocratism.
4. Classical School of Political Economy. A. Smith. D. Ricardo. J. S. Mill.
5. Neoclassical Economics. Cambridge School.
6. Neoclassical Economics. Lausanne School.
7. Theory of Imperfect and Monopolistic Competition.
8. Stockholm School of Economics.
9. Theory of John Maynard Keynes.
10. Neo-Keynesian Theory. Post-Keynesian Theory. New Keynesian Theory.
11. Monetarism.
12. Supply-side economics. New Classical Economics.
13. German Historical School. Institucionalism.
14. Czech Economic Thought.

Recommended or Required Reading
Required Reading:
1. EKELUND JR., Robert B. and Robert F. HÉBERT. A History of Economic Theory and Method. 6th ed. Waveland Press, 2013. ISBN 978-1478606383.
2. HOLMAN, Robert. Dějiny ekonomického myšlení. 4. vyd. Praha: C. H. Beck, 2017. ISBN 978 -80-7400-641-8.
3. SOJKA, Milan. Dějiny ekonomických teorií. Praha: Havlíček Brain Team, 2010. ISBN 978-80-87109-21-2.
1. EKELUND JR., Robert B. and Robert F. HÉBERT. A History of Economic Theory and Method. 6th ed. Waveland Press, 2013. ISBN 978-1478606383.
2. HOLMAN, Robert. Dějiny ekonomického myšlení. 4. vyd. Praha: C. H. Beck, 2017. ISBN 978 -80-7400-641-8.
3. SOJKA, Milan. Dějiny ekonomických teorií. Praha: Havlíček Brain Team, 2010. ISBN 978-80-87109-21-2.
Recommended Reading:
1. SIRŮČEK, Pavel. Průvodce dějinami standardních ekonomických teorií. 2. vyd. Slaný: Melandrium, 2003. ISBN 80-86175-35-9.
2. VENCOVSKÝ, František. Dějiny českého ekonomického myšlení do r. 1948. Brno: Nadace Universitas Masarykiana, 1997. ISBN 80-210-1624-8.
3. WHITE, Lawrence H. The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years. Cambridge: Cambridge University Press, 2012. ISBN 978-1107621336.
1. SIRŮČEK, Pavel. Průvodce dějinami standardních ekonomických teorií. 2. vyd. Slaný: Melandrium, 2003. ISBN 80-86175-35-9.
2. VENCOVSKÝ, František. Dějiny českého ekonomického myšlení do r. 1948. Brno: Nadace Universitas Masarykiana, 1997. ISBN 80-210-1624-8.
3. WHITE, Lawrence H. The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years. Cambridge: Cambridge University Press, 2012. ISBN 978-1107621336.
Planned learning activities and teaching methods
Lectures
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
ExaminationExamination100 51