This unit surveys major developments in European economic thought, commencing with an overview of important pre-classical contributions, followed by an in-depth study of classical political economy and concluding with discussion of the emergence of neo-classical thought as exemplified by the Lausanne School. 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 Francois Quesnay, A. R. J. Turgot, Adam Smith, David Ricardo, T. R. Malthus, J. S. Mills and Karl Marx. The Lausanne School is examined with regard to the works of Leon Walras and Vilfredo Pareto. -- Course Website
Prerequisites: ECON2233 Microeconomics: Policy and Applications
