Study programmes / C-SE System engineering and informatics / History of Economic Theories
Course code:DET
Course title in language of instruction:Vývoj ekonomického myšlení
Course title in Czech:Vývoj ekonomického myšlení
Course title in English:History of Economic Theories
Mode of completion and number of credits:Exam (4 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/1; part-time, 16/0
(full-time, hours of lectures per week / hours of seminars per week; part-time, lectures per period / seminars per period)
Language of instruction:Czech
Level of course:master continuing
Semester:SS 2018/2019 - FBE
Name of lecturer:prof. PhDr. Kamil Fuchs, CSc. (supervisor)
Prerequisites:Final Bachelor Exam
Aims of the course:The course systematically explains the history of economic thought for the birth of classical political economics till the present day attitudes. The course is focused on complex understanding of mainstream theories and their consequences. The development of theory is used to deepen critical thinking in the field of economics.
Course contents:
1.Classical political economics and forerunners (allowance 2/2)
2.German historical school (allowance 2/0)
3.Marx political economics (allowance 2/0)
4.Marginal revolution and neoclassical economics (allowance 2/2)
5.Austrian and neo-Austrian school (allowance 4/2)
6.J.M.Keynes and neoclassical macroeconomics (allowance 2/2)
7.Post-keynesian economics (allowance 2/2)
8.Neo-ricardian economics (allowance 2/0)
9.Neoclassical rebirth and neoclassical approaches after WWII (allowance 4/4)
10.American institutionalism (allowance 2/0)
11.New institutional economics (allowance 2/0)
12.French structuralist approach (allowance 2/0)

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to communicate with professionals in different field of study
-ability to create new ideas (creativity)
-ability to solve problems
-capacity to learn
-skilled at utilizing and processing information

Specific competences:
-student can compare the economic schools and critically evaluate their conclusions
-student can describe the outline of economic thoughts and classify the approaches do economics
-student is able to explain the opinions of economic schools to economic phenomenon and explain the attitutes of main idea contributors
-student knows economic, social and historical circumstances of development of economic schools
-student knows the characteristics of economic school of 20. century and mainstream schools of previous period

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:Two partial written test for 45 minutes during the study period, at least 25 points in total from 50 available are required to obtain the credit plus accepted seminar theisis of 3-5 pages. In the case of failure, the student could write one compensatory test, 50% success is minimum to obtain the credit. The course is finalised by exam consisting of 60 minutes written test followed by oral part. To pass the written part of the exam, again the minimum of 25 from 50 points is requested.
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h0 h
     practice14 h0 h
     consultation0 h16 h
     preparation for exam26 h96 h
     preparation for regular assessment14 h0 h
     writing of seminar paper30 h0 h
Total112 h112 h

Basic reading list
  • SOJKA, M. -- KOUBA, L. Vybrané kapitoly z dějin ekonomických teorií. Brno: MZLU, 2006. ISBN 80-7157-935-1.
  • HOLMAN, R. et al. Dějiny ekonomického myšlení. 3rd ed. Praha: C.H. Beck, 2005. 539 p. ISBN 80-7179-380-9.
Recommended reading list
  • SOJKA, M. Dějiny ekonomických teorií. 1st ed. Praha: Havlíček Brain Team, 2010. 541 p. ISBN 978-80-87109-21-2.
  • SOJKA, M. John Maynard Keynes a současná ekonomie. 1st ed. Praha: Grada Publishing, 1999. 156 p. ISBN 80-7169-827-X.
  • KODEROVÁ, J. -- SOJKA, M. -- HAVEL, J. Teorie peněz. 1st ed. Praha: ASPI, 2008. 251 p. ISBN 978-80-7357-359-1.
  • An outline of the history of economic thought. 2nd ed. Oxford: Oxford University Press, 2004. 559 p. ISBN 0-19-927914-4.
  • The wealth of ideas: a history of economic thought. 1st ed. Cambridge, UK: Cambridge University Press, 2006. 582 p. ISBN 978-0-521-69187-1.