Course Co-ordinator: Professor I Theoddosiou

Pre-requisite(s): Available only in Programme Year 4, EC 2002 and EC 2502.

This course examines the history of economic ideas and the evolution of the main schools of economic thought from the eighteenth century to the present day. It traces the development of modern economic thought and discusses the evolution of economic ideas through the important traditions. The course provides a bird's eye view of the main controversies in the discourse in economics and discusses their policy implications with regard to their contemporary relevance.

1 three-hour lecture per week (12:15 pm on Tuesdays), 1 one-hour tutorial per week for 2 groups of students, (13:00-14:00pm and 14:00-15:00pm both on Thursdays).

1st Attempt: 1 three-hour examination (80%); continuous assessment (20%) consisting of a critical essay (maximum word count, 3,000), selected from one of the topics provided to the students. Each student is required to make a 15 to 20 minute oral exposition of the written essay. This is followed by a ten minute period of group discussion of any issued raised during the exposition. The oral exposition is worth 10% of the assessable coursework, that is, 10% of the mark for the entire course. Following the presentation and discussion the student is expected to refine the exposition material and resubmit the essay within one week in written form as the assessed essay which is worth the other half of the assessable coursework, that is, another 10% of the mark for the entire course.

Resit: None.