Course Title

Development of Economic Thought

Code

ECN 350

Professor

Borche Trenovski, PhD (Associate Professor)

Course objectives (competencies): Upon completion of teaching and passing this course, students should be able:

• From the current development of economic thought (results and weaknesses of certain schools of economic thought) to more easily master the material that is studied at a more specific level in other economic disciplines; 
• To increase the degree of their economic culture with the gained knowledge about the economic life and the instrumentation of the economic analysis.

Course content: Teaching the subject Development of economic thought should help students understand the current development of economic thought, i.e.  the basic flows (schools) of economic thought from the ancient period to the present, as well as the work of the greatest minds in the field of economic science. In this context, special attention is paid to the study of the following issues: economic thought until the emergence of economic science, mercantilism as a transition to the emergence of economic science, the classical school as the beginning of economics, social utopia, history school, the emergence and development of Marxist economics, marginalism, institutionalism and neo-institutionalism, Keynesianism, post-Keynesianism and the new Keynesian economy, the radical political economy of the new left, the various schools within the neoliberal (neoclassical) economic thought, etc