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METHODOLOGY AND HISTORY OF ECONOMICS

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Methodology and history economics

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Academic year 2024/2025

Course ID
SEM0056
Teachers
Giovanni Pavanelli (Lecturer)
Giandomenica Becchio (Lecturer)
Teodoro Togati (Lecturer)
Year
2nd year
Teaching period
Second semester
Type
Elective
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/01 - economics
Delivery
Formal authority
Language
English
Attendance
Optional
Type of examination
Written
Type of learning unit
corso
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Sommario del corso

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Course objectives

The main aim of this course is to analyse, from an historical perspective, how economic theorizing changed from the end of the 18th century to the end of the 20th century. More precisely, how economics, being a branch of moral philosophy, became a technical social science. This course will explore the evolution of economic theorizing, the main changes in its methodology and key issues in history of economics. A special emphasis will be placed on the complex links between economic theorizing, economic events and policy measures

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Results of learning outcomes

Students are expected to become acquainted with key methodological issues in economic theorizing and to be able to critically reexamine topics and analytical tools of economics, taking into account their historical evolution.

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Program

This course is divided into three parts:

Part 1 (Prof. David Lipka - Visiting Professor) includes the historical reconstruction of paradigms and models, more specifically within the classical school, and the marginalism/neoclassical school.

Part 2 (Prof. Giandomenica Becchio) includes an introduction to economic methodology. Special attention will be given to the evolution of neoclassical methodology. Some "heterodox" approaches will also be considered. A special focus on feminist economics will be provided.

Part 3 (Prof. Giovanni Pavanelli) will focus on the following topics: i) Value judgements and value neutrality in economics; ii) The rhetoric of economics: an analysis of McCloskey approach; iii) Thomas Kuhn's theory of scientific revolutions; iv) The methodology of recent research on economic fluctuations and crises.

Part 4 (Prof. Teodoro Togati) will focus on the following topics: 1) alternative interpretatiions of Keynesian economics; 2) alternative interpretatiions of the stagnation tendencies of advanced economies.

 

Textbook: Marcel Boumans and John Davis, with contributions Mark Blaug, Harro Maas and Andrej Svorencik. (2016) Economic methodology : understanding economics as a science. 2. ed. London, New York : Macmillan education : Palgrave.

Some pdf readings will be be added by instructors during classes and uploaded on moodle platform

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Course delivery

Lessons are taught in person divided into four parts: Prof. Lipka (16hrs), Prof. Becchio (24hrs), Prof. Pavanelli (16 hrs), Prof. Togati (8 hrs)

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Learning assessment methods

Final exam is WRITTEN. It includes 4 open questions, one for each part in which the course is structured.

A different procedure is reserved for attendees only

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Support activities

 
 
 

Suggested readings and bibliography



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Other
Title:  
materials provided via moodle
Required:  
Yes


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Book
Title:  
Economic methodology : understanding economics as a science
Year of publication:  
2016
Publisher:  
Bloomsbury Publishing
Author:  
Boumans, Marcel - Davis, John
ISBN  
Required:  
Yes
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suggested reading

Textbook: Marcel Boumans and John Davis, with contributions Mark Blaug, Harro Maas and Andrej Svorencik. (2016) Economic methodology : understanding economics as a science. 2. ed. London, New York : Macmillan education : Palgrave.



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Class scheduleV

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