ECTS credits ECTS credits: 3
ECTS Hours Rules/Memories Student's work ECTS: 57 Hours of tutorials: 3 Expository Class: 6 Interactive Classroom: 9 Total: 75
Use languages Spanish, Galician
Type: Ordinary subject Master’s Degree RD 1393/2007 - 822/2021
Departments: Foundations of Economic Analysis
Areas: Foundations of Economic Analysis
Center Faculty of Economics and Business Studies
Call: First Semester
Teaching: With teaching
Enrolment: Enrollable | 1st year (Yes)
The main objective of the course is to provide an introduction to the development of the theories, methods and practices of Economics, particularly in the period after the Second World War.
1. INTRODUCTION
Economic thought as a decision tree.
2. ECONOMIC THOUGHT BEFORE THE 2ND WORLD WAR
Classical Political Economy.
Marginalism.
Schools of economic thought: Cambridge, Lausanne, Vienna, Stockholm, Chicago...
3. ECONOMIC THOUGHT AND INSTITUTIONS AFTER THE 2ND WORLD WAR
Keynesianism and the neoclassical synthesis.
The mathematisation of Economics.
The development of Econometrics.
A world of Keynesian institutions.
4. BIFURCATIONS IN THEORIES, METHODS AND PRACTICES OF ECONOMICS
Economic rationality and its limits.
The search for general equilibrium.
Economies in motion.
Non-mainstream Economics.
The Credibility Revolution.
Basic bibliography:
Backhouse, R., Tribe, K. 2017. The History of Economics: A course for Students and Teachers, Columbia University Press
North, D.C. (1990). Institutions, Institutional Change, and Economic Performance. New York: Cambridge University Press.
Rodrik, D. 2015. Economics Rules. Oxford University Press
Further reading:
Angrist, J.D., Pischke, J.-S. 2010. "The Credibility Revolution in Empirical Economics" Journal of Economic Perspectives 24(2)
Blaug, M. (2001). No history of ideas, please, we're economists. Journal of economic perspectives, 15(1), 145-164.
Düppe, T., Weintraub, E.R. (2014). Finding equilibrium. Princeton University Press.
Eichengreen, B. (2011). Exorbitant Privilege: The rise and fall of the Dollar and the Future of the International Monetary System. Oxford University Press.
Leamer, E.E. (1983). Let's take the con out of econometrics. The American Economic Review, 73(1), 31-43.
Leijonhufvud, A. (2006). The uses of the past.
Mirowski, P. (1991). More heat than light: economics as social physics, physics as nature's economics. Cambridge University Press.
Sent, Esther, 2004. "Behavioral Economics: How Psychology Made Its (Limited) Way Back Into Economics;" History of Political Economy 36(4)
Stiglitz, J.E. (2000). The contributions of the economics of information to twentieth century economics. The quarterly journal of economics, 115(4), 1441-1478.
Basic competences
Knowing how to apply the knowledge acquired and the ability to solve problems in new or little-known environments within broader (or multidisciplinary) contexts related to their area of study.
Ability to integrate knowledge and face the complexity of formulating judgments based on information that, being incomplete or limited, includes reflections on the social and ethical responsibilities linked to the application of their knowledge and judgments.
Knowing how to communicate their conclusions –and the knowledge and ultimate reasons that support them– to both specialised and non-specialised audiences in a clear and unambiguous way.
General competences
Ability to conceive, design and put into practice a substantial research process in the field of economics in general, and in particular in its areas of specialisation, with academic rigor.
Ability to perform critical analysis, evaluation and synthesis of new and complex ideas.
Ability to promote, in academic and professional contexts, technological, social and cultural progress within a knowledge-based society.
Specific competences
Ability to defend economic arguments with clarity and precision both in the usual work environment and in national and international scientific meetings.
Ability to analyse the role of institutions in the allocation of resources and, more particularly, in economic development.
Participation in interdisciplinary work groups linked to the study of long-term socio-economic trends.
Discerning the scope and limitations of the conclusions and judgments derived from the use of economic theories and models.
Transversal competences
Ability to understand the meaning and application of the gender perspective in the different fields of knowledge and in professional practice with the aim of achieving a fairer and more equal society.
Ability to communicate orally and in writing in the Galician language.
Research skills.
Ability to reach synthesis.
The subject will combine:
-Expository teaching sessions, where the contents of the subject will be presented through lectures supported by audiovisual presentations.
-Interactive teaching sessions, where recommended readings will be discussed and students will defend the work they carry out throughout the course.
The detailed teaching guide of the course (which describes in detail the assessment system, the teaching guides for each topic, the support material, ...) will be provided through the virtual classroom of the course.
Students who are exempted from attendance according to General Secretary Instruction No. 1/2017 will be assessed solely through a specific final exam.
Continuous assessment (10 points). Elaboration of an essay throughout the course proposed by the teacher that must be delivered before the date indicated in the teaching guide. For the second opportunity in June/July, the delivery of this same essay will be required. In all cases, the essay will be sent by email in the requested format.
In case of fraudulent completion of exercises or tests, the provisions of the "Reglamento de avaliación do rendimiento académico dos alumnos e de revisión de cualificacións" shall apply.
Lectures: 15 hours plus 15 hours of study time
Supervised tasks: 25 hours of individual work
Regular attendance, active participation and extensive review of the bibliography are the fundamental elements for making the most of this subject.
Manuel Fernandez Grela
Coordinador/a- Department
- Foundations of Economic Analysis
- Area
- Foundations of Economic Analysis
- Phone
- 881811534
- mf.grela [at] usc.es
- Category
- Professor: University Lecturer
| Friday | |||
|---|---|---|---|
| 12:45-14:15 | Grupo /CLIS_01 | Galician | Computer room 5 |
| 12.04.2024 16:00-19:00 | Grupo /CLIS_01 | Computer room 5 |
| 12.04.2024 16:00-19:00 | Grupo /CLE_01 | Computer room 5 |
| 05.07.2025 10:00-13:00 | Grupo /CLIS_01 | Computer room 5 |
| 05.07.2025 10:00-13:00 | Grupo /CLE_01 | Computer room 5 |