This course provides an overview of the historical development of economic thought and thereby places the theory learned in mainstream economics courses within a broader perspective. It consists of a sampling of the theories of prominent individual economic thinkers as well as schools of economic thought. Topics include the
following: a brief review of pre-modern economic thought; Mercantilism; Physiocracy; the classical political economy of Smith, Malthus and Ricardo; socialist economic thought and Marx; utilitarianism, marginalism and the rise of neoclassical economics; the German historical school: Keynes and Keynesian economics; and an
introduction of heterodox schools of thought, such as evolutionary, institutionalist, post-modern and ecological approaches.

DP requirements: All class tests and assignments/essays/projects to be completed. A weighted average mark
of 40% for tests, tutorials, essays and assignments. Only students who have obtained DP certificates may write the final examination.

Assessment: Classwork (tests, tutorials and assignments/essays/projects) 40% June examination 60%. The course outline will detail the breakdown for submission weightings and variation for exemptions and absences.

*Course content subject to change