|Course Type||Course Code||No. Of Credits|
Semester and Year Offered: Monsoon Semester, First year
Course Coordinator and Team: Arindam Banerjee
Email of course coordinator: arindam[at]aud[dot]ac[dot]in
Aim: This course is the fundamental building block of the political economy stream of specialization that the MA economics programme offers along with other streams of specialization. The course teaches the fundamental concepts of Political Economy analysis in the programme. This course analyses the divide between Classical and Neoclassical theories of value and distribution and also exposes students to the historical evolution of economic thought, both in terms of theories and methods. These various schools and the theories making them up will be discussed with reference to the contexts in which these emerged and developed; the differences in their premises and the fundamental questions these are designed to answer, and the critiques advanced of them.
Brief description of modules/ Main modules:
Assessment Details with weights:
The assessment for the course will be the following:
Group Presentations (20%): Students are expected to make 20 minute presentations on topics related to the various conceptions of ‘value’ and its distribution and the agreements/disagreements within these conceptions.
Essay (40%): Student will write a 2000 word paper with a critical approach on topics covering various theoretical convergences and departures on the concept of value and distribution among the four political economy thinkers covered in the course.
Book Review (40%): Students will review one of the four classical texts taught in the course, engaging with the arguments in the book and within the wider literature.