Description
The course will address the fundamentals of political economy: production, exchange, value, and distribution. The course mainly is an exploration of the ideas of Adam Smith, Thomas Malthus, David Ricardo, Karl Marx and John Maynard Keynes. In addition, marginalist theory will be studied within the context of evolution of economic thought. The basic ideas of Veblen, Hayek and Schumpeter will also be briefly discussed. The course will draw lessons for the understanding of modern capitalism, in relation to issues such as technological change, market competition, wealth creation, income distribution, instability, long-run capitalist development, morality and class conflict. Prerequisites: ECO 201, ECO 202. [3-0, 3 cr.].
Prerequisites
Common questions about ECO 346
What is ECO 346 at LAU?
ECO 346 Found. of Political Economy is a 3-credit course at Lebanese American University (LAU), in the Economics department. The course will address the fundamentals of political economy: production, exchange, value, and distribution. The course mainly is an exploration of the ideas of Adam Smith, Thomas Malthus, David Ricardo, Karl Marx and John Maynard Keynes.
How many credits is ECO 346?
ECO 346 Found. of Political Economy is worth 3 credits at LAU.
Who teaches ECO 346 at LAU?
Studiety has 2 professors on record for ECO 346: Samantha Alexandre Borkhoche, Stephanie Antoine Karam. Sections change every term, so check the registrar for who is teaching now.
What are the prerequisites for ECO 346?
ECO 346 lists 2 prerequisites: ECO 201 Micro Economics, ECO 202 Macro Economics.