End of this page section.

Begin of page section: Contents:

Introdution to Economics

The lecture introduces into political economy in terms of a discussion of some of its main problems and the contributions of some of its main authors. The problems dealt with are those of production, value and distribution, and of economic growth and development. The authors and concepts referred to are, among others: François Quesnay and the Physiocrats with the Tableau économique reformulated as an input-output system. Adam Smith, the division of labour and the sources of the growth of the wealth of a nation. David Ricardo, the principles of extensive and intensive diminishing returns in the theory of rent and profits and the principle of comparative advantage in trade theory. Hermann Heinrich Gossen, the principle of marginal utility and "Gossen's laws". The concepts of a pure exchange economy and of Pareto optimality; their analysis in terms of the Edgeworth box. John Maynard Keynes, "Say's law" and the principle of effective demand.

For more details see EVWL and UNIGRAZonline.

Literature

  • Rosner, Peter (2012): Die Entwicklung Ökonomischen Denkens: Ein Lernprozess. Berlin: Duncker & Humblot.
  • Söllner, Fritz (2012): Die Geschichte des ökonomischen Denkens. Berlin: Springer.
  • Kurz, Heinz [Hrsg.] (2008): Klassiker des ökonomischen Denkens. Münschen:Beck.

Head of Institute

Univ.-Prof. Dr.

Michael Finus

Universitätsstraße 15/F4
8010 Graz

Phone:+43 316 380 - 3450

Staff

Bianca Watzke, M.A.

Phone:+43 316 380 - 7113

Irene Hye, M.A.

Phone:+43 316 380 - 3448

End of this page section.

Begin of page section: Additional information:

End of this page section.