1516 Political Economy and History of Economic Thought
Alyssa Schneebaum, Ph.D.
Contact details
Weekly hours
Language of instruction
09/17/19 to 09/23/19
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Day Date Time Room
Wednesday 10/09/19 10:00 AM - 02:00 PM D2.0.382
Wednesday 10/16/19 10:30 AM - 02:00 PM TC.2.01
Wednesday 10/23/19 10:00 AM - 02:00 PM D4.2.008
Wednesday 10/30/19 10:00 AM - 02:30 PM TC.3.11
Wednesday 11/06/19 10:00 AM - 02:00 PM TC.3.11
Wednesday 11/13/19 10:00 AM - 02:00 PM TC.3.11


This course introduces students to political economy and the history of economic thought. We will cover the core ideas in various schools of economic thought, positioning them in the historical and institutional context in which they were developed. In particular, we will cover some economic ideas from the ancient world and the middle ages; the enlightenment; the emergence of and main ideas in classical political economy (Adam Smith, David Ricardo, Thomas Malthus, and others); Marx, Mill, and Keynes; European versus American economic thought; the rise of mathematical economics; state-managed economies and socialism; Austrian economics; and the future of economics.

Learning outcomes

Students in this class will have an excellent understanding of the development of economic thought over time, and be able to contextualize their economics education in the historical development of what has been understood as “economics.”

Attendance requirements

Attendance is mandatory. Every missed class will result in the loss of 10 points, regardless of the reason for missing class.


Teaching/learning method(s)

The course will is structured around lectures by the instructor, group discussion, in-class assignments, and videos.


Students will be graded on

  • their class engagement (50%), and
  • a final essay (50%).

Prerequisites for participation and waiting lists

Attendance on the first day of class is mandatory for participation in the class.


1 Author: Roger E. Backhouse

The Penguin History of Economics

Publisher: Penguin
Year: 2002
Content relevant for diploma examination: Yes
Recommendation: Essential reading for all students
Type: Book

Availability of lecturer(s)

Office hours by appointment only.

Last edited: 2019-09-09