Compulsory Course - 4th Semester (Spring 2nd year) | Course ID: SC12 | E-Class

Lecturer

Michalis Psalidopoulos

Language of instruction

Greek

Course contents

General Introduction

Global economic developments, 1870-present 

Economic science in the interwar period 

• From Jevons to Wicksell and Fisher 
• The 'macroeconomic' approach of the neoclassicals
• Modernisms in economic theory between the wars.
• Keynes, from 1919 to 1946
• Schumpeter, the economics of growth and development

Economics after World War II

• The theory of general economic equilibrium
• The crisis of the Keynesian consensus
• Monetarism
• Rational expectations (new classical school)
• Public choice and constitutional economics
• The Austrian School
• Post-Keynesian and Neo-Keynesian school
• Behavioural and experimental economics
• Game theory and asymmetric information
• Development economics, globalisation and 'Asian tigers'
• Marxist, radical, heterodox approaches and contemporary problems
• Theories of justice

Epilogue/Conclusion

Bibliography

• Alessandro Roncaglia, The Wealth of Ideas, Cambridge University Press, 2005.
• Roger E. Backhaus and Keith Tribe, The History of Economics: A Course for Students and Teachers, Agenda Publishing, 2017.
• E. Roy Weintraub, How Economics Became a Mathematical Science, Duke University Press, 2002.
• M.C. Howard and J.E. King, A History of Marxian Economics, vol. 2, 1929-1990, Princeton University Press, 1992.

Assessment

By written examination and assignment. Students are required to prepare a paper, individually or jointly (up to two persons), on the thinkers and currents of thought to be taught, after consultation with the lecturer. The papers will be presented during the course, when the flow of the course requires it, according to the announced schedule. Assignments not presented in class will not be considered. The written version of the assignment is sent electronically to the instructor before the end of the semester. Assignments do not waive the requirement of the final written examination.