Course: Economic Thought 1

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Course title Economic Thought 1
Course code KAE/EM1
Organizational form of instruction Seminar
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Slavíčková Pavla, doc. Mgr. Ph.D.
  • Müller Michal, Mgr. Ph.D. et Ph.D.
Course content
1. Introduction, literature 2. Economic thought of Protestants 3. Jan Amos Comenius and Czech economists of the early modern period 4. Economic thought of absolutist states 5. Mercantilism 6. Cameralism 7. Physiocracy 8. Richard Cantillon and Anne Robert Jacque Turgot 9. Theory of luxury 10. The unknown Adam Smith

Learning activities and teaching methods
Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook)
  • Attendace - 24 hours per semester
  • Homework for Teaching - 15 hours per semester
  • Preparation for the Course Credit - 36 hours per semester
Learning outcomes
The aim of the course is to introduce students to basic economic theories that were discussed during the European history. Part of the course is to read the original texts on which topics are discussed.
After completing the course, the student will characterize the main stages and directions of the development of economic thought from the Reformation to the emergence of classical political economy and explain their connection with the religious, political and social changes of the early modern period. He/She will analyze the basic ideas of mercantilism, cameralism, physiocratism and selected representatives of early modern economic thought and will be able to place them in a broader historical and intellectual context.
Prerequisites
Students are interested in a topic and have basic knowledge in historical context. It is recommended to complete the follow-up course Economic Theories 2 in the summer semester.

Assessment methods and criteria
Student performance, Seminar Work

Requirements for the successful completion of the course: - active participation in a range min. 80% - homework - reading texts - see in Moodle - exam
Recommended literature
  • Backhaus, J. G. (Ed.). The beginnings of political economy: Johann Heinrich Gottlob von Justi. 2012.
  • Blaug, M. Economic theory in retrospect (5th ed.). 1997.
  • Decock, W. Money, markets, and merit: The economic thought of Leonardus Lessius. 2025.
  • Fuchs Kamil. (2007). Dějiny ekonomického myšlení. Brno.
  • Holman Robert. (1999). Dějiny ekonomického myšlení. Praha.
  • Krameš Jaroslav. (1998). Kameralismus a klasické ekonomie v Čechách. Praha.
  • Murray N. Rothbard. Ekonomické myšlení před Adamem Smithem.
  • Neal, L., & Williamson, J. G. (Eds.). he Cambridge history of capitalism: Volume 1. The rise of capitalism: From ancient origins to 1848. 2014.
  • Rothbard, M. N. Economic thought before Adam Smith: An Austrian perspective on the history of economic thought (Vol. 1). 2006.
  • Screpanti, E., & Zamagni, S. An outline of the history of economic thought (2nd ed.). 2005.
  • Sedláček Tomáš. (2006). Ekonomie dobra a zla. Praha.
  • Sojka Milan. (2010). Dějiny ekonomických teorií. Praha.
  • Sojka Milan, Kouba Luděk. (2006). Kapitoly z dějin ekonomických teorií. Brno.
  • Tribe, K. Governing economy: The reformation of German economic discourse, 1750?1840. 1988.
  • Vencovský František. (1997). Dějiny českého ekonomického myšlení do roku 1948. Brno.
  • Vencovský František. (2005). Dějiny měnových teorií na českém území. Praha.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Arts Study plan (Version): Economic and Managerial Studies (2019) Category: Economy - Recommended year of study:-, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): French oriented on applied economics (2021) Category: Philological sciences 3 Recommended year of study:3, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): Economic and Managerial Studies (2023) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Arts Study plan (Version): French oriented on applied economics (2019) Category: Philological sciences 3 Recommended year of study:3, Recommended semester: Winter