ECON 401 / ECON 503 History of Economic Thought (3 credits / 6 ECTS, Fall 2026-2027, undergraduate and master's levels). Lecturer: Dr. Samaneh Mohammadi. Thursdays 09:00–12:00, FL101.

This course traces the development of economic ideas from antiquity to the present and shows how each generation of thinkers responded to the economic problems of its time. It covers early economic thought in Ancient Greece, India and China; mercantilism, physiocracy, Adam Smith, Malthus and Ricardo; Karl Marx; the marginal revolution and neoclassical economics (Jevons, Menger, Walras, Marshall); Keynes and the Keynesian revolution; Friedman and monetarism; and behavioural and evolutionary approaches to economics.

Sustainability is built into the course: students relate past economic ideas to current challenges such as poverty, inequality, decent work and climate change, as framed by the UN Sustainable Development Goals.

Core text: Sandmo, A. (2011) Economics Evolving: A History of Economic Thought, Princeton University Press. Supplementary: Robbins, L. A History of Economic Thought: The LSE Lectures, Princeton University Press.