TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	-
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Become familiar with basic views of the principal thinkers and schools of economics. 2) Understand how economic thought evolved through time.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	In this course, how economic thought has evolved over time and schools of economic thought are examined in detail.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction: Economic Thought and Philosophy of Science 2nd Week Early Preclassical Economic Thought 3rd Week Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought 4th Week Classical Economic Thought: Smith and Marx 5th Week Ricardo and Malthus 6th Week Mill and the Decline of Classical Economics and Marx 7th Week Austrian Foundations of Marginal Analysis: Jevons and Menger, The Transition to Neoclassical Economics: Marginal Analysis Extended 8th Week Midterm 9th Week Walras and General Equilibrium Theory 10th Week Alfred Marshall and Neoclassical Economics 11th Week Early Critics of Neoclassical economics, Austrians, Neoclassicals, and Socialists on Socialism and Capitalism 12th Week The Development of Modern Heterodox Economic Thought 13th Week The Development of Modern Microeconomic Theory and Macroeconomic Thought 14th Week The Development of Econometrics and Empirical Methods in Economics
RECOMENDED OR REQUIRED READING	H. Landreth and D. Collander, History of Economic Thought. New York: Houghton Mifflin Comp., 1997 R. B. Ekelund and J.R.F. Hebert, A History of Economic Theory and Method. New York: McGraw-Hill, 1997 J. Schumpeter, History of Economic Analysis. Oxford: Oxford University Press.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion,Other
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz Individual or group work 14 3 42 Preparation for Final exam 1 30 30 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) Final exam 1 1 1 Homework Total Workload 141 Total Workload / 30 4,7 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No