Development of Economic Thought II

This module is the second part of two twin modules focusing on the history and development of economic thought. The aim of this module is to explain and evaluate the evolution of economic thought starting from the end of the first part module namely the emergence of Marxist thought till the contemporary developments in macroeconomics and microeconomics.


Although historical, this module contributes in the theoretical economic underpinning of the 2030 Agenda and the role of classical and neoclassical economic theory in this context. Most economic theories – as the 2030 Agenda – are related to every aspect of sustainability especially those linked to decent work and economic growth (SDG 8), reduced inequality (SDG 10) and peace, justice and strong institutions (SDG 16).