Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
History of Economic Thought ECON208 Turkish Compulsory 4. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator Dr. Öğr. Üyesi TANSU HİLMİ HANÇER
Instructor(s) Dr. Öğr. Üyesi TANSU HİLMİ HANÇER (Bahar)
Goals In this course, the evolution of economic thought from antiquity to the mid-19th century will be analysed. In this framework, the methodological debates in economics and especially the relationship between economics and ideology will be addressed, and the development of economic thought within the framework of the Mercantilist School, Physiocratic School, Classical School of Political Economy, starting from the economic thoughts in Ancient Greece and Rome and the Middle Ages, which are accepted as the beginning of economic thought.
Course Content The evolution of economic thought from antiquity to the 21st century.
Learning Outcomes
# Öğrenme Kazanımı
1 Students can summarize the development process of economic thought.
2 Students can comment on economic cases with different perspectives.
3 Students can explain the paradigm changes and the reasons for these changes in the history of economic thought.
4 Upon successful completion of this course, the student will be able to compare the major economists, periods and schools that have an important place in the history of economic thought,
5 udents will be able to compare the differences between Orthodox and Hetor
6 Will be able to analyse the development of economic thought and the main factors determining the development in historical perspective,
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Methodological Debates in the History of Economic Thought
2. Week The Beginning of Economic Thought: Economic Thought in Ancient Greece and the Middle Ages
3. Week Economic thought in Rome
4. Week Mercantilism and Utopianism in the Renaissance
5. Week Criticism of Mercantilism and the Birth of Liberal Economic Doctrine
6. Week Physiocrat School
7. Week General Explanation on the Classical School
8. Week J.B. Say, J.s. Mill and the Principles of 19th Century Classical Economic Doctrine
9. Week Economic Thought of Adam Smith
10. Week The Economic Thought of Thomas Robert Malthus
11. Week Economic Thought of Ricardo
12. Week Bentham, Say and Senior's and Mill's Economic Thought
13. Week Socialism and Karl Marx
14. Week Keynes and Economic Thought in the 20th Century
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3 DK4 DK5 DK6
PY1 5 5 5 5 5 5
PY2 4 4 4 4 2 4
PY3 3 3 3 3 3 3
PY4 5 5 5 5 5 5
PY5 2 2 2 2 2 2
PY6 3 3 3 3 3 3
PY7 5 5 5 5 5 5
PY8 4 4 4 4 3 5
PY9 2 3 3 3 2 3
PY10 5 5 5 5 5 5
PY11 3 3 3 3 2 2
PY12 3 2 2 3 3 3
PY13 3 3 3 3 3 3
Recommended Sources
Ders Kitabı veya Notu
Diğer Kaynaklar
  • E. K. Hunt & Mark Lautzenheiser (2016), İktisadi Düşünce Tarihi, Phoenix Yayınevi.
  • Heilbroner, Robert L. (1995). İktisat Düşünürleri (s. 39-68), Dost Kitabevi, Ankara.
  • A. Mesud Küçükkalay, İktisadi Düşünce Tarihi, Beta Basım Yayım, 2019
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Ders İçi
Class Hours 14 3 42
Ders Dışı
Preparation, After Class Study 1 14 14
Research 14 3 42
Presentation (Preparation) 1 1 1
Sınavlar
Midterm 1 1 1
Homework 1 10 10
Final 1 1 1
Practice 1 10 10
Classroom Activities 1 6.5 6.5
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0