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ECO103 — History Of Economic Thought

Course Overview

ECO103 4 Credits L:3 T:1 P:0 Other
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This course examines the evolution of economic thought from pre-classical and classical theories through Marxian, neoclassical, welfare, Keynesian, Indian, institutionalist, post-Keynesian, and Sraffian perspectives. It develops students' ability to analyze major economic theories, their historical context, contributions, criticisms, and contemporary relevance.

Unit 1

Evolution of Early Economic Thought

Unit 2

Classical Economic Thought

Unit 3

Marxian Economic Thought

Unit 4

Marginal Revolution and the Rise of Neoclassical Economics

Unit 5

Welfare Economics and Keynesian Economics

Unit 6

Indian Economic Thought

Continuous Assessment

2 components

All 2 CAs count towards your CA score.
Poster Presentation 50%

Students will prepare an academic poster, A4 size or digital, on one economist or school of economic thought covered in the syllabus. The poster should present the evolution of ideas, major contributions, key concepts, historical context, and contemporary relevance using diagrams, timelines, illustrations, flowcharts, infographics, and concise explanations.

Week 5 / 7

Rubric
Selection and Background of the Theme – 5 Marks; Accuracy and Conceptual Understanding – 5 Marks; Creativity, Visual Design and Organization – 5 Marks; Interpretation and Contemporary Relevance – 10 Marks; Presentation and Communication Skills – 5 Marks.

Assignment - Case based 50%

Students will prepare a case-based report and present their findings in class. The report should explain the historical context, major economic ideas, criticisms, evolution of thought, and contemporary relevance of the assigned school of thought, demonstrate conceptual understanding, compare alternative perspectives where appropriate, critically evaluate the selected economist or school of thought, and present well-reasoned conclusions supported by academic sources.

Week 10 / 12

Rubric
A. Report Writing: Identification, Background and Application of Economic Theories – 5 Marks; Critical Analysis, Comparison and Interpretation – 5 Marks; Academic Writing, References and Report Organization – 5 Marks. B. Presentation: Conceptual Clarity and Content Organization – 5 Marks; Communication Skills and Effective Delivery – 5 Marks; Response to Questions and Overall Presentation – 5 Marks.

Exams & Practice

Mid Term Examination

Mid-semester comprehensive evaluation

20%

End Term Examination

Final semester comprehensive evaluation

50%

Type: Examination

ECO103 - FAQs

How many units are in ECO103?

ECO103 has 6 units. Each unit includes detailed notes and MCQ practice questions.

What exam resources are available for ECO103?

Unit-wise notes and MCQ practice are available. Exam resources coming soon.

How to prepare for ECO103 exams?

Study each unit's notes thoroughly, practice MCQs to test understanding, and attempt mock tests before exams. Focus on important topics and previous year questions.