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General information |
Course unit name: History of Economic Thought and Economic Policy
Course unit code: 366729
Academic year: 2025-2026
Coordinator: Francisco Javier San Julian Arrupe
Department: Department of Economic History, Institutions and Policy and World Economy
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
45 |
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- Seminar |
Face-to-face |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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Competences / Learning outcomes to be gained during study |
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Capacity for learning and responsibility (capacity for analysis, synthesis, to adopt global perspectives and to apply knowledge in practice, and capacity to take decisions and adapt to new situations). |
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Communication skills (capacity to understand and produce spoken and written Catalan, Spanish and a third language, including the comprehension and use of specialized terminology, and capacity to research, use and integrate information in these languages). |
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Capacity to prepare, analyse and interpret economic information. |
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Understanding of the history and development of economic ideas and of current economic realities in different territorial settings. |
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Learning objectives |
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Referring to knowledge
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Teaching blocks |
1. Introduction
1.1. Relevance of the history of economic thought. Approaches to the history of economic thought: rational and historical reconstructions
1.2. Fundamentals of economic policy decisions. Conflict management and complexity in economic policy
2. Pre-scientific economic knowledge and the origins of economic policy
2.1. Scholastic thought. Property, fair price and interest
2.2. Mercantilism. Trade policy of nation states
2.3. Pre-classical political economy. Physiocracy and the doctrine of laissez-faire
3. The Classical school and economic policy in the industrial era
3.1. Adam Smith. The State agenda and economic growth policies
3.2. The Malthusian theory of population growth. The distributive policy of the poor laws
3.3. Theories of value, distribution and Ricardian international trade. The nineteenth-century debate between free trade and protectionism
3.4. Marx and Marxism
4. The construction of modern economics
4.1. The marginal revolution and the birth of neoclassical economics. Efficient market allocation
4.2. Alternative schools of though: historicism and institutionalism. Normative economics and state intervention
4.3. The Austrian school Schumpeter: economic cycles and innovation
5. Keynes and economic policy in the interwar years
5.1. The interwar period. Economic policy of the Soviet Union. Alternative approaches
5.2. The 1929 stock market crash and the New Deal
5.3. Keynes’s General Theory and government intervention. Full employment as an objective
6. Keynesianism and economic policy after the Second World War
6.1. The Keynesian revolution and the neoclassical synthesis
6.2. Direct government intervention: fiscal policy, the welfare state, redistribution and new trade policy
6.3. The crisis of Keynesian policies
7. Liberal reaction and economic policy of the late twentieth century
7.1. Monetarism. The 1970s energy crisis and the neoliberal turn in economic policy
7.2. The Washington Consensus and the expansion of the neoliberal agenda. New classical economics and imperialism in neoclassical economics
7.3. The role of economic policy in the era of globalization and financialization
8.
The post-Keynesian school and its influence on economic policy in the 21st century
8.1. Main characteristics of the post-Keynesian school
8.2. Expansionary policies in 2008 and 2020. The role of the deficit, the limits of monetary policy and modern monetary theory
8.3. The crisis of the mainstream and the rise of new heterodoxies: ecological economics and feminist economics
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Teaching methods and general organization |
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Teaching methodology |
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Official assessment of learning outcomes |
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Continuous assessment
Examination-based assessment Students who do not wish to follow the continuous mode of assessment system may opt for single assessment. Single assessment consists of a compulsory final examination, graded on a 10-point scale and worth 100% of the final grade. |
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Reading and study resources |
Check availability in Cercabib
Book
RONCAGLIA, Alessandro. La riqueza de las ideas: una historia del pensamiento económico. Zaragoza: Prensas Universitarias de Zaragoza, 2016.
| Course reference textbook |
FACCARELLO, Gilbert; KURZ, Heinz D. Schools of Thought in Economics. Handbook on the History of Economic Analysis. Cheltenham: Edward Elgar Publishing Ltd, 2016
BARBÉ, Lluís. Curs d’introducció a l’ economia. 2a ed. Barcelona: Publicacions de la Universitat Autònoma de Barcelona, 1993
BLAUG, Mark. Teoría económica en retrospección. México, D.F.: Fondo de Cultura Económica, 2001
DE VROEY, Michel. A History of Macroeconomics from Keynes to Lucas and Beyond. New York, NY: Cambridge University Press, 2015
LANDRETH, Harry; COLANDER, David C. Historia del pensamiento económico. 4a ed. Madrid : McGraw-Hill, 2006
RONCAGLIA, Alessandro. Breve historia del pensamiento económico. Zaragoza : Prensas Universitarias de Zaragoza, 2017
SCHUMPETER, Joseph A. Historia del análisis económico. Barcelona: Ariel, 2012. Reimpressió 2019
SNOWDON, Barry; VANE, Howard R. Modern Macroeconomics: its Origins, Development and Current State. Cheltenham: Edward Elgar, 2005
RONCAGLIA, Alessandro. La era de la disgregación. Historia del pensamiento económico contemporáneo. Zaragoza, Prensas Universitarias de Zaragoza, 2019
Catāleg UB
http://Versiķ en línia (2019)
ANTUÑANO, Isidro; SÁNCHEZ, Antonio. Política económica. Elaboración y políticas coyunturales. Valencia, Tirant lo Blanch, 2009
CUADRADO, Juan. Política económica: elaboración, objetivos e instrumentos. 5ª ed. Madrid: McGraw-Hill, DL, 2015.
OCHANDO, Carlos. Políticas económicas coyunturales: objetivos e instrumentos. Valencia: Tirant lo Blanch, 2021.
SÁNCHEZ, Antonio. Introducción a la política económica: concepto, estructura y formación. Valencia: Tirant lo Blanch, 2021
SÁNCHEZ, Antonio. Reflexiones para una teoría de la política económica. La Laguna: Publicaciones Universidad de la Laguna, 2023.
GARCÍA, Andrés; SÁNCHEZ, Antonio. Políticas económicas estructurales y de competitividad. Valencia: Tirant lo Blanch, 2016
PAMPILLÓN, Rafael. Cuando los votantes pierden la paciencia. Casos radicales de política económica. Aravaca: McGraw Hill, 2022
LAVOIE, Marc. Economía Postkeynesiana, Icaria - Antrazyt, 2005