History of economic thought (Economic theories development) Basic information about the subject, the exam, literature and so on Petr Wawosz

Some useful information about subject

The aim of the subject - to acquaint with the topics of economic thinking and different views on them - to discus some economic problems - to learn to read, understand and to be able to analyze and discuss economic texts (videos, interview form TV, radio ….) - to get information what economic as the science is solving and how it contributes to the development of the world

Prerequisites Knowledge of - bachelor microeconomics and macroeconomics - basic economics terms Willingness to take interest in topics of economics

Lectures Every Monday – 13.45, E304, Marketing Communication , E224 Business Management First lecture: 29th September 2014 Last lecture: 15th December 2014 Participation on the lectures is voluntary, there is no obligation to attend lectures, no presence list. I would like to discuss during lectures, show some movies, videos, analyzes articles ….

Finishing of the course The course is finished by exam. Exam: - written: you get some economic text and question connected to the text. You have to answer the questions in time devoted for the exam (probably 90 minutes). - The answers can be written to the computer or on the paper. Details to the exam will be given at the end of winter term.

Finishing of the course I evaluate your answers, write you mail and suggest a grade (including grade „fail“). If you do not agree with grade or you fail, we meet and I give you another text or we will discuss more about first text.

Finishing of the course The exam will be passed in exam period (in January). The terms of the exam will be published in IS. It is necessary to apply for the exam.

Sense of the exam Exam is the proof you are able to: - understand an economic text - think about economic ideas

Preparation for the exam We will analyze and discus articles similar to the exam article during lectures. Sometimes you receive - some other articles as voluntary homework - recommendation what texts you should study. Again, these texts are similar to the exam article.

Recommend literature Sandmo, Agnar Economics Evolving: a History of Economic Thought. Princeton University Press. Taylor, Overton H A History Of Economic Thought. Literary Licensing. These books can be borrowed from library.

Other sources The books about history of economic thought submitted in the learning materials of the subject My presentation in the learning materials of the subject Materials for the lectures presentation in the learning materials of the subject

Contact: Office hours from 6th October 2014 till end of December 2014: Monday: , Prague, Estonská E324 Tuesday, – 17.30, Most M09 It is necessary to write me before your coming, The different time is possible to arrange after agreement.

Some remarks to the History of economic thought

Abbreviation ETH = Economic Theories Development HET = History of Economic Thought Both titles mean the same subject! The term „HET“ is used more often (in English).

Why to study the subject that concerns history? If we do not understand the past times we are not able to understand the present times. It is not necessary to discover something what had already discovered. It is not necessary to develop theories and opinions that had already developed. Past theories give us inspiration for future research. Our ideas (thinking) are very often influenced by previous ones. It can be funny, fascinating and adventurous.

Why to study the subject that concerns history? A man who does not know what has been thought by those who have gone before him is sure to set an undue value upon his own ideas. A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

This subject and history Are we going to learn about economic development from its beginning (some point of time) till todays? No!! We rather concentrates on some economic topics and are going to learn how it was analyzed during history.