040238 UK The History of Economics as Conjectures and Refutations (BA) (2021W)
Business cycle Theories
Continuous assessment of course work
Labels
REMOTE
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 13.09.2021 09:00 to Th 23.09.2021 12:00
- Deregistration possible until Fr 15.10.2021 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Friday
01.10.
13:15 - 14:45
Digital
Friday
08.10.
13:15 - 14:45
Digital
Friday
15.10.
13:15 - 14:45
Digital
Friday
22.10.
13:15 - 14:45
Digital
Friday
29.10.
13:15 - 14:45
Digital
Friday
05.11.
13:15 - 14:45
Digital
Friday
12.11.
13:15 - 14:45
Digital
Friday
19.11.
13:15 - 14:45
Digital
Friday
26.11.
13:15 - 14:45
Digital
Friday
03.12.
13:15 - 14:45
Digital
Friday
10.12.
13:15 - 14:45
Digital
Friday
17.12.
13:15 - 14:45
Digital
Friday
07.01.
13:15 - 14:45
Digital
Friday
14.01.
13:15 - 14:45
Digital
Friday
21.01.
13:15 - 14:45
Digital
Friday
28.01.
13:15 - 14:45
Digital
Information
Aims, contents and method of the course
Aims: to introduce students to different business cycle theories developed in the 19th and 20th century, and the epistemological and methodological problems of describing and evaluating the performance of different theories . Content: Issues such as the role and importance of aggregate demand (Lauderdale, Malthus, Hobson), confidence and credit (J.S. Mill, J. Mills, Marshall) capital and investment (Tugan-Baranovsky, Spiethoff, Schumpeter, Cassel, Robertson) investment demand and interest rate (Wicksell, Fisher, Keynes), impulse and propagation (Aftalion, Pigou, Clark), monetary disequilibrium (Hawtrey, Hayek, Friedman), and sequences, leads and lags (Mitchell) will be discussed. Much emphasis will be placed on Keynesian, and Monetarist theories as well as on the Rational Expectations Model, Real Business Cycle Models and New Keynesian Models. In particular epistemological and methodological problems regarding the description of the performance of different business cycle theories will be discussed. Diligent students will learn to make sense of and evaluate the historical background as well as the performance of theories, the main criticisms, and later developments of those controversies. Method: teaching consists of one unbroken 90-minute seminar; discussion of different text passages which students have to prepare on the basis of questions distributed in advance for every meeting.
Assessment and permitted materials
Efforts:
Student’s efforts will be evaluated on the basis of brief, but substantial presentations, written answers to questions, and participations in discussions.
Student’s efforts will be evaluated on the basis of brief, but substantial presentations, written answers to questions, and participations in discussions.
Minimum requirements and assessment criteria
Rewards and Requirements:
In order to complete that course successfully, students are required 1) to provide a short presentation of their answers prepared for one particular meeting. 2) to provide answers to all questions for every meeting in writing and hand them in by the end of the term. And 3) to contribute in a lively manner to discussions at all classes. The quality of talks and written answers will be evaluated on the basis of completeness, clarity of argument, logical reasoning, and precision. Answers have to be formulated in complete sentences and are not acceptable if stated in keywords only. Answers do not necessarily have to be correct but have to form an argument. Lively participations in discussions will be particularly honoured. Grades will be jointly and individually determined with students on the basis of suggestions made by me. If students cannot agree to those suggestions, they are invited to have an additional discussion with me on an individual basis and on the basis of their written answers. These additional discussions have the form of genuine discussions and not exams and can take place in terms of physical meetings or in digital form.
In order to complete that course successfully, students are required 1) to provide a short presentation of their answers prepared for one particular meeting. 2) to provide answers to all questions for every meeting in writing and hand them in by the end of the term. And 3) to contribute in a lively manner to discussions at all classes. The quality of talks and written answers will be evaluated on the basis of completeness, clarity of argument, logical reasoning, and precision. Answers have to be formulated in complete sentences and are not acceptable if stated in keywords only. Answers do not necessarily have to be correct but have to form an argument. Lively participations in discussions will be particularly honoured. Grades will be jointly and individually determined with students on the basis of suggestions made by me. If students cannot agree to those suggestions, they are invited to have an additional discussion with me on an individual basis and on the basis of their written answers. These additional discussions have the form of genuine discussions and not exams and can take place in terms of physical meetings or in digital form.
Examination topics
Areas of Examinations
Problem situations, problems and solutions discussed in the course.
Problem situations, problems and solutions discussed in the course.
Reading list
Introductory Reading:
Todd A. Knoop, Recessions and Depressions, Praeger, Westport (Connecticut) and London 2004; second edition 2010, Part I and II.
K.R. Popper, Conjectures and Refutations, Routledge & Kegan Paul, London 1985 (first edition 1963) chap. 10
Todd A. Knoop, Recessions and Depressions, Praeger, Westport (Connecticut) and London 2004; second edition 2010, Part I and II.
K.R. Popper, Conjectures and Refutations, Routledge & Kegan Paul, London 1985 (first edition 1963) chap. 10
Association in the course directory
Last modified: Fr 12.05.2023 00:12