ECTS:

5

Code:

ΚΥ0404

Cycle / Level:

Undergraduate

Compulsory / Optional:

Compulsory

Teaching Period:

Spring

Course Content:

This introductory course consists of two different parts.

The first part studies the lives and theoretical contributions of a limited number of leading economists who have shaped the history of economic thought (Adam Smith, Karl Marx, Joseph Schumpeter, John Maynard Keynes, Milton Friedman).

The second part deals with the serious economic problems facing contemporary economies and societies (economic crises, unemployment, inflation, economic growth, human development, new technologies, new forms of work organization, productivity growth, economic institutions, environmental issues, globalization etc.).

It critically discusses alternative economic policies (Keynesian – neoliberal) to deal with the ongoing global economic crisis.

It is worth mentioning that Political Economy is a social science somehow incorporating value judgments and cultural elements, resulting in contradictory economic theories and conflicting models of economic policy.

Μετά από τη συστηματική παρακολούθηση του μαθήματος, οι φοιτητές θα είναι σε θέση να κατανοήσουν, να αναλύσουν, να εξηγήσουν και να αξιολογήσουν: 1)Τα βασικά οικονομικά προβλήματα της εποχής μας. 2)Τις κυριότερες σχολές οικονομικής σκέψης και τα βασικά στοιχεία του έργου μεγάλων οικονομολόγων, όπως οι Smith, Marx, Schumpeter, Keynes και Friedman.

Upon systematic attendance and completion of the course, students will be in a position to comprehend, analyse, explain, and assess: 1) The basic economic problems of our times. 2) The main schools of economic thought. 3) The fundamentals of the work of some great economists (Smith, Marx, Schumpeter, Keynes, and Friedman).