Economic theories development (History of economic thought) Petr Wawosz

Some useful information about subject

What is usually the subject about The subject is about history of economic thought, how economic thinking developed during time, from the beginning of the human existence to the present time. The subject gives list of economic theories, schools (people who have similar opinion), famous economists.

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. A study of the history of opinion is a necessary preliminary to the emancipation of the mind. 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.

Lectures Every Monday, , E227 First lecture: 30th September 2013 Last lecture: 16th December 2013

Lectures Participation on the lectures is voluntary, there is no obligation to attend lectures, no presence list. I do not intend only to lecture bud I give you some tasks connected with final exams (reading some prepared text and answering question connected to the text).

Structure of lectures Presentations (usually Power-Point) Videos (usually from Youtube) Discussing economics texts – preparation for the exam I do not concentrate on the history but on the principle of economic thought, important questions of economic thought and important issues that was discussed during long history of man.

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.

Literature on the IS (in study materials) See IS: Study materials – Learning materials.

Selected web sites (for finding the site: „Archive for the History of Economic Thought“) Text%20and%20Notes/History%20of%20Economic%20Tho ught (for finding the site: „Online Text and Notes in History of Economic Thought“) Text%20and%20Notes/History%20of%20Economic%20Tho ught (for finding the site: „History of Economic Thought by by R. Larry Reynolds“ or „online economics textbooks“) (for finding the site: „International Encyclopedia of the Social Sciences“ and „economic thought“).

Selected other sources cs493/ cs493/

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

Contact: Office hours from 30th September 2013 till end of December 2013: Wednesday: , Praha, Estonská E324 Thursday, odd weeks: , Most M09 It is necessary to write me before your coming, The different time is possible to arrange after agreement.