Entry requirements

A Bachelor's degree

Learning outcomes

On completion of the course, the student is expected to be able to

• account for the origins and development of economic theories from the 18th century and onwards
• analyse the relationship between different economic theories
• analyse the economic theories from a societal perspective

Content

The course has its starting point in the liberal thinkers of the 18th century such as Adam Smith, David Ricardo and Robert Malthus. Among other things, how the contribution of these theorists developed in interaction with the development of the industrial society will be discussed. Another topic of discussion is how the transformation of the industrial society has contributed to the emergence of new economic theories by among others Karl Marx and Joseph Schumpeter. The marginalist revolution introduced by economists such as W .S. Jevons, Carl Menger and Leon Walras with many followers, as well as the institutional school and more recent economic thinkers such as J .M. Keynes will also be dealt with.

Instruction

Teaching is given in the form of lectures and seminars.

Assessment

The course is examined through written examination of parts of the reading list, but also through oral examinations in groups.