Syllabus for Sustainability of Economic Thought: Marginalism and its Critics

Hållbara ekonomiska idéer: Marginalismen och dess kritiker

A revised version of the syllabus is available.

  • 7.5 credits
  • Course code: 2EH426
  • Education cycle: Second cycle
  • Main field(s) of study and in-depth level: Economic History A1N

    Explanation of codes

    The code indicates the education cycle and in-depth level of the course in relation to other courses within the same main field of study according to the requirements for general degrees:

    First cycle

    • G1N: has only upper-secondary level entry requirements
    • G1F: has less than 60 credits in first-cycle course/s as entry requirements
    • G1E: contains specially designed degree project for Higher Education Diploma
    • G2F: has at least 60 credits in first-cycle course/s as entry requirements
    • G2E: has at least 60 credits in first-cycle course/s as entry requirements, contains degree project for Bachelor of Arts/Bachelor of Science
    • GXX: in-depth level of the course cannot be classified

    Second cycle

    • A1N: has only first-cycle course/s as entry requirements
    • A1F: has second-cycle course/s as entry requirements
    • A1E: contains degree project for Master of Arts/Master of Science (60 credits)
    • A2E: contains degree project for Master of Arts/Master of Science (120 credits)
    • AXX: in-depth level of the course cannot be classified

  • Grading system: Fail (U), Pass (G), Pass with distinction (VG)
  • Established: 2020-06-26
  • Established by: The Department Board
  • Applies from: Spring 2021
  • Entry requirements:

    Accepted to the Master's Programme in Global Markets, Local Creativities (GLOCAL).

  • Responsible department: Department of Economic History

Decisions and guidelines

This course is included the Master's Programme in Global Markets, Local Creativities (GLOCAL).

Learning outcomes

After completing the course the student should be able to:

  • Critically discuss marginalism with regard to its relation to the history and to the society after 1870.
  • Give an account of the fundamental features of a number of different traditions of ideas that have challenged the market model during the 20th century.
  • Analyse the embedding of the market model in policy and in the social sciences during the period after 1970.

Content

The course focuses on the challenges of the market model that have been made since 1900, with the aim to find both joint features and theoretically as well as contextually conditioned distinctive features. The so-called "neoclassical revolution" in economics immediately gave rise to critical debate and alternative attempts to explain economic conduct and economic development. The discussion has gone on since the "methodenstreit" and includes many different traditions of ideas from institutionalism over Schumpeters entrepreneurially led economic development and to -- for example -- feminist economics.

A number of central themes constitute the core of the course. They together constitute a lens through which it is possible to study different attempts to handle eternal questions:

- economic rationality and the economic actor,

- the role of the technology in economic development,

- the importance of institutions in the prevailing world order and the embedding or disembedding of markets in social contexts.

Instruction

Instruction is given in the form of lectures and seminars. The language of instruction is English.

Assessment

The students are assessed through fulfilment of written and oral assignments.

If there are special reasons for doing so, an examiner may make an exception from the method of assessment indicated and allow a student to be assessed by another method. An example of special reasons might be a certificate regarding special pedagogical support from the University's disability coordinator

Syllabus Revisions

Reading list

The reading list is missing. For further information, please contact the responsible department.

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