This unit overviews major pre-classical contributions to economic thought, provides an in-depth study of classical political economy and investigates the Lausanne School of Economics. Pre-classical writers considered include Thomas Mun, the influential mercantilist and William Petty. Classical political economy is considered with reference to the major contributions of the leader of the physiocrats Francois Quesnay, A. R. J. Turgot, the founder of British politcal economy Adam Smith, David Ricardo, T. R. Malthus J. S. Mill and Karl Marx. The Lausanne School is examined with reference to the works of its founder, Leon Walras, and his successor, Vilfredo Pareto. -- Course Website
Prerequisites: for MCom/MCom(Adv): ECON5540 Economic Policy and Analysis (formerly ECON8540 Economic Policy and Analysis); for MEc/Economics honours programs: a major in economics or equivalent
