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thought ii

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Gebyaw Demeke Aniley
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13 views

Assignment

thought ii

Uploaded by

Gebyaw Demeke Aniley
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Debre Markos University Burie Campus Department of Economics

History of Economic Thought II Group Assignment for 4th year Economics


students (Extension) Maximum Weight 30%

General Instruction

✓ Each group Must do at least two questions.


✓ Plagiarism is strictly prohibited.
✓ One mark will be deducted for Five consecutive days late from the last date of
submission. If it passes, the Group's result should be considered incomplete.
✓ A maximum of Eleven (11) members should be included in one group.

✓ Final Submission Date: 15/4/2017 E.C or 24/12/2024 G.C


I. Discus the following Question with in your Group
1. Explain the origins of macroeconomics as a distinct branch of economics? Discuss the
contributions of John Maynard Keynes and the significance of The General Theory of
Employment, Interest, and Money (1936)? Outline the key features of classical,
Keynesian, and neoclassical theories? Examine the rise of alternative schools, such as
monetarism, New Classical economics, and New Keynesian economics?
2. Highlight the contributions of key figures such as Ragnar Frisch, Jan Tinbergen, and
others on the Origins and Foundations of Econometrics? Examine how econometric
tools have influenced macroeconomic and microeconomic policy decisions.?
3. Discuss the role of non-Western civilizations in shaping early economic thought?
Examine economic principles and practices in ancient societies such as China, India,
the Islamic world, and Africa? Explore how economic thought was integrated into
systems of governance, trade, and resource management in non-Western regions?
4. Explain how general equilibrium analysis informs public policy design, especially in
taxation, subsidies, and resource allocation? Provide case studies demonstrating the
application of welfare economics in addressing inequality or improving social welfare?
5. Discuss the integration of psychology into microeconomic theory through behavioral
economics? Highlight contributions by scholars such as Herbert Simon, Daniel
Kahneman, and Amos Tversky? Analyze how experimental methods have refined
microeconomic insights?
6. Discuss how major global events (e.g., the Great Depression, stagflation of the 1970s,
the 2008 financial crisis, and the COVID-19 pandemic) shaped macroeconomic
thought? Examine how these events influenced policy-making and the evolution of
theories? Evaluate the relevance of modern macroeconomic theories in addressing
issues like climate change, inequality, and digital transformation? Discuss the
integration of behavioral economics and other interdisciplinary approaches in
macroeconomic analysis?
7. Discuss the origins of microeconomic theory in classical economics? Highlight the
contributions of early theorists such as Adam Smith, David Ricardo, and John Stuart
Mill? Explore the evolution of theories related to perfect competition, monopoly, and
oligopoly? Highlight the contributions of Edward Chamberlin and Joan Robinson in
introducing imperfect competition?
8. Explain the core assumptions and structure of general equilibrium theory? Discuss the
contributions of Léon Walras and Vilfredo Pareto to the development of general
equilibrium models? Examine how real-world complexities (e.g., market
imperfections, externalities, public goods) challenge the assumptions of general
equilibrium theory?
9. Trace the origins of heterodox schools of thought? Highlight the contributions of key
economists such as Karl Marx, Thorstein Veblen, and John Maynard Keynes? Discuss
the core ideas and methodologies of at least three heterodox schools (e.g., Marxist
economics, institutional economics, post-Keynesian economics, feminist economics,
ecological economics)?
10. Discuss the historical emergence of the Neoclassical School in the late 19th century?
Explain its foundational principles, including marginalism, utility maximization, and
equilibrium analysis? Highlight the contributions of key economists such as William
Stanley Jevons, Carl Menger, and Léon Walras?

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