Students are expected to know the following:
- economic practice from money
to mercantilism - classical theories of value, growth,
and distribution - classical theories of money, banking,
and government economic policy - Marxist economics
- neoclassical economics and theories
of markets - Keynesian theory of money, investment,
and cycles - contemporary economic thought
- contemporary economics and First Peoples
- economic practice from money to mercantilism:
Sample topics:
- science, ideology, and paradigms in the history of economic thought
- barter to currency economies
- the economics of mercantilism and the importance of positive balance of trade
- physiocracy and its emphasis on agricultural production as the major component of national wealth
- impact of early industrialization on trade and business
- classical theories of value, growth, and distribution:
Sample topics:
- classical theories of income distribution
- Smith and Ricardo on the theory of value
- free trade
- Malthus on growth and population
- Mill and “the dismal science”
- subjectivist theories of value
- classical determinants of economic growth
- classical theories of money, banking, and government economic policy:
Sample topics:
- classical monetary theory
- classical public finance
- Say’s law, “gluts,” and business cycles
- classical economic policy in theory and practice
- Marxist economics:
Sample topics:
- Marx and the labour theory of value
- Marxist theory of money
- Marx on distribution
- Marxist theory of capital accumulation and crises
- neoclassical economics and theories of markets:
Sample topics:
- primacy of markets in determining supply and demand of goods and services in an economy
- money and credit
- interest rates
- business cycles
- Keynesian theory of money, investment, and cycles:
Sample topics:
- Keynes versus Say’s law and classical economics
- Keynesian theory of investment
- Keynes on money and speculation
- Keynes on the business cycle
- monetarism and the role of government in controlling the amount of money in circulation
- critiques of monetarism
- Rawls and distribution theory
- contemporary economic thought:
Sample topics:
- participatory economics
- rational expectations, business cycles, and markets
- financial instability
- recessions and financial crises
- contemporary economics and First Peoples:
Sample Topics:
- historical economic systems of B.C. and Canadian First Peoples
- socio-economic conditions for First Peoples in Canada
- First Peoples fiscal relationship with local, provincial, and federal governments
- relationship between urban and regional development and First Peoples economic development
- economic development on First Peoples lands
- significance of property rights