History of Economic Analysis Humanities & Social Sciences Program Fall 2024 Semester - Alicante

History of Economic Analysis aims to provide a complementary perspective to other courses that are part of the Bachelor of Economics curriculum. Consequently, the student can grasp unexplored aspects of economic science and economic reality, which, however, are at the core of the educational requirements of the economics profession. The first is an introduction to the ideas of economists and schools of economics from the dawn of economic science to the present day. Apparently, studying obsolete theories and defunct schools or economists is useless. However, if appropriately updated, the ideas of past economists continue to exert a notable influence on contemporary economic science. This is the case of the renewed interest in J. Schumpeter's theories of innovation or the brilliant revival of the ideas of John Maynard Keynes and Friedrich Hayek - and to some extent, K. Marx - in the wake of the economic crisis to give a few well-known examples. Secondly, this subject brings an arrangement of the knowledge acquired in the theoretical and, in some cases, applied subjects taught in this degree. That is to say, the significance and meaning of microeconomics, macroeconomics, econometrics or applied disciplines, their historical genesis and contextualization, and their evolution to the present. Similarly, new theoretical tools On the other hand, the time-based nature of the subject allows questions such as the existence of analytical progress in economic science, whether this is linear or occurs abruptly as a result of the replacement of one school or paradigm by another; whether economic theories are universally valid -or not- in space -either in different geographical, cultural or institutional environments- or in time; or the role played by ideology. Fourth, the history of economic analysis is an intellectual ground for connecting economic science with other fields of knowledge within the social sciences in accordance with the new trends that point towards an interdisciplinary approach to explaining economic-social phenomena. And finally, this discipline is probably one of the few subjects that mention alternative views to neoclassical economics, the current orthodoxy. For all these reasons, the subject History of Economic Analysis gives students interested in economic science a critical standpoint in their academic training as economists.