3.00 Credits
Surveys economic theories propounded in the past and their effect on present-day economic thinking, business and political systems. Topics include the Classical school - Adam Smith, Ricardo, J.S. Mill, Malthus, among others; the challenges to the Classical School - Marx, Marginalists, and key figures in the Neoclassical school - Marshall and Walras; the early 20-th century Keynesian economics and the Monetarist model of Milton Friedman, and the 1970's models by Robert Lucas and Thomas Sargent.