It is offered through the Palmerston North campus in extramural and internal modes. The amount of mathematics in the course is minimal. It is more descriptive than many other papers offered by the department. Various significant economic theorists will be discussed. Students are expected to gain a good grasp of the various theories and theorists outlined.
Stress is placed on the pre-classical and classical theorists.
The theorists should be understood as theorists in their own right. Their writings need to be treated with care and not dismissed merely because some of their views differ from prevailing views. Secondly, the theorists need to be understood as part of an intellectual tradition or school of thought. Thirdly, the social, economic, and political context in which they wrote must be considered. Finally, some thought needs to be given to the contemporary relevance of their theories.