Dr E. A. Beaver, Mr A. W. Hodgart
Economics B is normally required before this subject is taken.
A course of two lectures and one tutorial weekly.
SYLLABUS
This subject Is intended as an introduction to the development of economic thought and theory with particular emphasis on the relation- ship between economic thinking and its historical environment. The relationship between economic thinking and policy issues is also discussed.
Some particular subjects which may be discussed are:
Mercantilism and economic thinking of the seventeenth and eighteenth centuries; English 'classical' thought and the development of the 'classical' system; nineteenth century dissenters; Socialist thought of the nineteenth century emphasizing Marx and his analysis of capitalism;
the development of Welfare economics from the thought of Bentham to Pigou; the rise of marginalism; economic crises and business cycle theories; Keynes and the Cambridge school.
BOOKS
Preliminary reading:
Barber W A History of Economic Thought, Penguin 1968 Prescribed textbooks:
No particular book is prescribed but the following are recommended:
Blaug M Economic Theory in Retrospect, rev ed Irwin Illinois 1968 Spiegel H W The Growth of Economic Thought, Prentice-Hall New
Jersey 1971
Hutchinson T W Review of Economic Doctrines 1870-1929, Oxford University Press 1953
EXAMINATION One 3-hour paper and prescribed written work.
HONOURS DEGREE
H. SCHOOL OF ECONOMICS
(For possible combinations with this school see pp. 439ff.)
1. The course for the degree with honours in the school of Economics comprises the following subjects:
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Economic History A (unless an alternative subject is approved by the professor of Economics)
Economics 1A (Arts), Economics 2, 3 and 4.
Statistical Method
History of Economic Theory or Mathematical Economics
An approved grade 1 subject together with one of the following sequences of subjects:
(1) History 1A or History 1B, Economic History B or History 2G, Economic History C or History 2H;
(2) Mathematics 1A or 1 C, Mathematics 2A and Statistics 200;
(3) Philosophy part 1, Philosophy 2C and either Philosophy 2M or Philo- sophy 20;
(4) Politics 1, Politics 2В and either Politics 3C or Philosophy 3D;
(5) Three parts of Psychology;
(6) Some other sequence of subjects approved by the professor of Eco- nomics, in accordance with the details set out below, and for the ordinary degree.
2. In his first year, a candidate should take the courses in Economic History A, Economics 1A, the first of the additional sequence of subjects and the approved grade 1 subject.
The first year is regarded as a preliminary year of study, and admission to the higher years of the course is conditional on satisfactory perform- ance in this year. Students must be approved by the faculty of Arts as candidates for the degree with honours before entering the second year of the honours school. The chairman of the department normally recom- mends approval for candidates who have gained at least second class honours in two first year subjects including Economics 1A. Other can- didates who wish to enter the honours school should consult the chair- man of the Department of Economics, who will be guided in his recom- mendations by the merits of the case.
3. The faculty will not admit to the honours school a candidate who has previously graduated bachelor of Commerce (honours degree) or bachelor of Commerce (ordinary degree).
4. In their second year, candidates should take Economics part 2, Statis- tical Method and the second part of the additional sequence of subjects.
They must be classed in Economics part 2 and must give evidence of ability to complete the work of the third and fourth years satisfactorily before being permitted to proceed.
5. In their third year, candidates should take Economics part 3 and the third part of the additional sequence of subjects. The examination in Eco- nomics part 3 consists of five papers and is the first part of the final examination. Before the end of their third year, candidates must select a subject for the essay, required as part of the final examination. The subject selected must be approved by the professor of Economics. The major part of the work for the essay should be undertaken during the long vacation between the third and fourth years and the essay should be submitted at the beginning of the third term of the year of the final examination.
6. In their fourth year candidates should take Economics part 4 and either History of Economic Theory or Mathematical Economics.
7. The final examination in the school of Economics consists of three
Economics papers, the essay in accordance with section 5 above and one paper on either History of Economic Theory or Mathematical Economics.
316-271 ECONOMICS PART 2 (HONS)
A course of four lectures and one tutorial class per week.
SYLLABUS
A more advanced treatment of the topics prescribed for Economics B in the course for the ordinary degree together with a general survey of economic principles.
BOOkS
As prescribed for Economics B together with the following:
Marshall A Principles of Economics, Macmillan Hicks J R Value and Capital, OUP
Robbins L C Essay on Nature and Significance of Economic Science, Macmillan
Robertson D H Lectures on Economic Principles, Fontana paperback Wickstead P H Commonsense of Political Economy, 2 vols Routledge Pigou A C Economics of Welfare, Macmillan
Archibald G C & Lipsey R G Introduction to a Mathematical Treatment of Economics, 2nd ed Weidenfeld & Nicolson paperback
kleppner D & Ramsay N Quick Calculus, Wiley Other texts and publications as referred to In lectures.
EXAMINATION Two 3-hour papers.
316-371 ECONOMICS PART 3 (HONS)
A course of five lectures per week throughout the year. Students are also required to attend a weekly research essay class.
SYLLABUS
(i) Micro-economics; macro-economics; international economics.
(ii) Special topics in Economics. (Selected from monetary economics;
regional economics; capital and distribution theory; econometrics I, industrial relations; not all of which latter subjects will necessarily be offered in any one year.)
BOOКS
(i) For part (i) of the syllabus:
Chamberlin E H Theory of Monopolistic Competition, Harvard UP Hicks J R Capital and Growth, Oxford
Hicks J R Critical Essays on Monetary Theory, OUP
Hicks J R Contribution to the Theory of the Trade Cycle, OUP Meade J E Balance of Payments, OUP
Sen A Growth Economics, Selected Readings, Penguin Staley C E International Economics, Prentice-Hall
Caves R E & Johnson H G Readings in International Economics, Allen
& Unwin
(ii) For part (ii), as referred to in lectures.
EXAMINATION Five 3-hour papers.
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316-471 ECONOMICS PART 4 (HONS)
A course of at least three lectures per week throughout the year. Students are also required to attend a weekly essay class.
SYLLABUS
Economic policy and planning; public economics and welfare; and one from development economics; Marxian economics; labour studies;
econometrics II.
BOOKS
Musgrave R A Theory of Public Finance, McGraw-Hill paperback Millward R Public Expenditure Economics, McGraw-Hill Winch D M Analytical Welfare Economics, Penguin
Surveys of Economic Theory. American Economic Association and Royal Economic Society, 3 vols Macmillan
Houghton R W ed Public Finance: Selected Readings, Penguin Other references as given in lectures.
EXAMINATION Three 3-hour papers together with research essay.
316-311 MATHEMATICAL ECONOMICS
Economics B and Mathematics 1A, Mathematics 1C or General Mathe- matics must be passed before this subject Is taken.
A course of two lectures per week throughout the year.
Lectures in this subject will be given only if there are sufficient students offering. Intending candidates should consult the sub-dean of the faculty of Economics and Commerce.
SYLLABUS
Selected aspects of economic theory treated in a mathematical way.
BOOKS
(a) Recommended for preliminary reading:
Allen R G D Mathematical Analysis for Economists, Papermac (b) Prescribed textbooks:
Allen R G D Mathematical Economics, Macmillan
Huang D S Introduction to the Use of Mathematics in Economic Analy- sis, Wiley 1964
Lancaster K Mathematical Economics, Collins-Macmillan Other references as given in lectures.
EXAMINATION One 3 -hour paper.
MASTER OF ARTS
316-602 H. SCHOOL OF ECONOMICS A MA by Thesis
1. Candidates who have passed the preliminary examination, and also, if they so elect, those who have qualified for the degree of BA with honours in Economics, may proceed to the MA degree by pursuing original re- search on an approved topic for at least one academic year. Candidates should, if possible, submit their research topic to the head of the depart- ment for approval at the beginning of the year in which they commence 128
Economics their research. Each candidate will be assigned to a supervisor with whom he must consult regularly.
2. Candidates are required to present the results of their research in the form of a thesis of about 50,000 words or, on the recommendation of the head of the department, a series of papers. Three copies (A4, type- written, dour e-spaced) of the thesis must be submitted and, if passed by the examiners, one will be deposited in the University Library. An entry form for examination for higher degrees must be submitted to the Registrar.
The thesis should normally be submitted for examination within two years from the commencement of candidature for MA by full-time candidates and within four years by part-time candidates.
Except in special circumstances and with the permission of the faculty no thesis or course work will be examined unless the candidate presents for examination within four years from the commencement of his candida- ture or, in the event of his having been granted leave of absence for the maximum period of one year, within five years from the commencement of his candidature.
В MA by Course of Advanced Studies
1. Candidates who have been awarded first or upper second class honours in the final examination for the degree of BA or BCom with honours in the school of Economics, or who have been admitted with an equivalent qualification, may, with the approval of the chairman of the department, proceed to the degree of MA by pursuing a course of advanced studies extending over at least one year for full-time students or, in special cases, two years for part-time students. Candidates should seek approval for their proposed course of study by the last Friday in January of the year in which they commence their course. After approval candidates must enrol at the Students' Records Office, and re-enrol for each subsequent year of their approved course. An entry form for examinations must be lodged at the appropriate time.
2. The course of advanced studies will include:
(i) two weekly postgraduate classes extending over one academic year and requiring the submission of two satisfactory seminar or exami- nation papers. (The topics to be covered in the class will include Iwo of the following: Econometrics, the Economics of Inflation, Industrial Economics, Industrial Relations, Social Economics, Eco- nomic Development and International Economics. Further particu- lars may be obtained from the department);
(ii) either two additional weekly postgraduate classes covering two more of the topics listed under (i), or one of the following subjects not already taken as part of the candidate's undergraduate course:
Mathematical Economics, Statistics 300, History of Economic Thought or another subject approved by the chairman of the department; and
(ili) an article for publication or a research report, which may incorporate further development of the candidate's BA or BCom honours essay, or may relate to one of the topics chosen for postgraduate study.
3. Examination
(i) Two seminar papers and, if judged necessary by the examiners, two 3-hour examination papers;
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(ii) as for (i) above, or as prescribed in the details of the relevant sub- jects; and
(iii) a research report or publishable article.