आर्थिक विचार का इतिहास (सेमेस्टर-3)

Programme /Class: Certificate

Year: Second

Semester: Third

Co-Curricular Course

Course Title: History of Economic Tought

Course outcomes:

To learn and discuss, at an advanced undergraduate level, how the economic thought has evolved over time.

Introducing students to the critical comparison of the contributions of the main schools of economics To introduce & highlight before the students about Indian Economic Thinkers and their valuable contribution in the field of Economics.

The classical, the marginalize revolution and its application to the theories of general and partial equilibrium, the current macroeconomic debate between the neo-classical and the Keynesian school.

Credits: 2

Compulsory

Max. Marks: 25+75

Min. Passing Marks: 8+25

Unit

Topics

I

Early period. Economic thought of Plato and Aristotle Doctrines of Just cost and Just Price.

II

Mercantilism – Main Cherateristics: Major factors for the development of Merchantalism, Thomas Munn, Critical evaluation of Merchantalism.

III

Physiocrates Natural order. Primary of Agriculture, Social Classes, Tableau Economique, Taxation, Turgot Economic Ideas of Petty, Lorke and Hume.

IV

Classical Period: Adam Smith, David Ricardo, Thomas R. Malthus, J. S. Mill.

V

The Socialist – Sismondi, Karl Marx and Neo marxism, Robern Owen, Louis Blanc, State Socialism

VI

The Nationalist-and Historical School friedrichfredricklist, William Roscher. Bruno, Max Weber.

VII

Indian Economic Thought- Kautilya Dada Bhai Naoroji, J.K. Mehta, V.K.R.V. Rao, Ambedkar, M. K. Gandhi, Pt. Nehru.

VIII

PL D.D. Upadhayaya, Rom Manohar Lohia, Chaudhary CheranSugh A.K. Sen & Abhijeet Sen, Jagdish Bhagwati.