Philosophy of Economics

Course unit title

Philosophy of Economics

Course unit code

PHE804

Type of course unit (compulsory, optional)

Compulsory

Level of course units (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.

Maki, U., ed. 2001. The Economic World View: Studies in the Ontology of Economics. Cambridge University Press.

Maki, U., ed. 2012. The Philosophy of Economics. North Holland.

Rose, D. 2014. The Philosophy 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

Exams and individual assignments