Philosophy of Economics Course unit title Philosophy of Economics Course unit code PHE804 Type of course unit (compulsory, optional) Compulsory Level of course unit (according to EQF: first cycle Bachelor, second cycle Master) Third cycle Doctor 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) Prof. Dr. Suroso Zadjuli Dr. Wasiaturrahma Learning outcomes of the course unit Students are able to: (1) master the philosophy of economics; (2) evaluate the strengths and weaknesses of concepts and theories; (3) develop and perfect the theoretical foundation of the discipline of economics. Mode of delivery (face-to-face, distance learning) Face to face (offline) and or distance learning (online) Prerequisites and co-requisites (if applicable) No Course content The learning of this course introduces advanced Microeconomic Theory. Microeconomic theory is based on the premise that these people behave rationally, make optimal choices for themselves and how markets are organized. Topics that will be covered include consumer theory, producer theory, choice under uncertainty, game theory, market theory, general equilibrium theory, welfare economics, social choice, public goods, and externalities. 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 Exam and individual assignments