Philosophy of Economics Course unit title Philosophy of Economics Course unit code PHE601 Type of course unit (compulsory, optional) Optional Level of course unit (according to EQF: first cycle Bachelor, second cycle Master) Second cycle Master Year of study when the course unit is delivered (if applicable) Year 1 Semester/trimester when the course unit is delivered Semester 1 Number of ECTS credits allocated 3.2 ects Name of lecturer(s) Dr. Wasiaturrahma Prof. Effendi Learning outcomes of the course unit After taking this course students are able to: Explain the interrelationship between philosophy and economics Develop an ontology of economic phenomena and the various knowledge that can be obtained from these things. Mode of delivery (face-to-face, distance learning) Face-to-face (Offline) and Distance learning (online) Prerequisites and co-requisites (if applicable) No Course content The philosophy of economics includes a discussion of the conceptual, methodological, and ethical aspects related to the discipline of economics. The main focus is the methodological and epistemological aspects which include methods, concepts, and theories built by economists to be called "science" about economic processes. Philosophy of economics also discusses the ontology and axiology of economic phenomena, as well as how ethical values become part of the argument in economics such as welfare, justice, and the trade-off between the available options. Recommended or required reading and other learning resources/tools Hausman, D., ed. 2008. The Philosophy of Economics: An Anthology. 3rd. ed. Cambridge University Press Ben-Ner, A. and L. Putterman, eds. 1998. Economics, Values and Organization. Cambridge University Press. Caldwell, B., ed. 1993. The Philosophy and Methodology of Economics. Edward Elgar Davis, John B. 2003. The Theory of the Individual in Economics: Identity and Value. London: Routledge. Gonzalez, W. 2008. Scientific Prediction and Economics: A Philosophical Analysis. University of Pittsburgh Press Little, D., ed. 1993. On the Reliability of Economic Models: Essays in the Philosophy of Economics. Boston: Kluwer. Mäki, U., ed. 2001. The Economic World View: Studies in the Ontology of Economics. Cambridge University Press. Mäki, U., ed. 2012. The Philosophy of Economics. North Holland. Rose, D. 2014. The Philoshopy of Economics. Palgrave Macmillan. Ruccio, D. and J. Amariglio. 2003. Postmodern Moments in Modern Economics. Princeton University Press Sen, A. 1992. Inequality reexamined. Cambridge, Harvard University Press. Sen, A. 1999. Development as Freedom. Oxford University Press. Planned learning activities and teaching methods Teaching (Classical Method), Presentation, Discussion Language of instruction In Bahasa (Indonesian Language) and English Assessment methods and criteria - Mid Exam (15%) - Final Exam (15%) - Task of Problem set (70%)