|Elective 2 credit [Department of Business Administration]
This course surveys the main schools in the history of the development of economic thought, beginning with the ancient Greek philosophers and the works of Adam Smith, David Ricardo, Thomas Robert Malthus, and others. The course will develop an insight into the evolution of economics and will provide an opportunity for better understanding of the nature of economic science. And this course has its starting point in the institutional approach of Thorstein Veblen. As you study the readings, reflect on the authors’ motivations and consider the events of the era. The readings in this class represent many different perspectives, and no single approach is favored.