Each system of thought will be evaluated in the light of the historical context in which it developed, its general structure and content, and its contemporary relevance. The goal of this course is for the student to gain a better understanding of the ideological, scientific and practical aspects of economic theory and policy. Each student will take two midterm exams and one final. The exams are take home essay exams, worth 100 points each. The midterm exams will be passed out on Thursday, September 28 and Thursday, Nov. 2, 2000.
Midterms are due one week after they are passed out.
In addition to the textbook, and other history of economic thought textbooks in the library, I strongly suggest that you make use of the New Palgrave Dictionary of Economics , edited by John Eatwell, Murray Milgate and Peter Newman. It is in the reference section of the library on the first floor. It provides excellent summaries of almost every concept or event in the history of economics. The exams and the review article are weighted equally, at 25 percent of the total of 400 points. I do not take roll regularly, but each student is expected to attend the classes.