I. INTRODUCTION

This course seeks to cover the basic perspectives that have significant following, popularity, or relevance in analyzing society’s fundamental economic problems. Significant following, popularity, and relevance do not always coincide, of course.

II. COURSE OBJECTIVES

1. Identify the basic perspectives in economics that have a significant following, popularity, or relevance

2. Acquire a deep familiarity on the issues addressed by the perspective and the debates in the analysis of economic issues or society’s economic problems

III. TOPICS

1. EARLY CLASSICAL AND NEO-CLASSICAL ECONOMICS

2. EARLY KEYNESIAN ECONOMICS

3. NEOCLASSICAL-KEYNESIAN SYNTHESIS

4. NEW CLASSICAL ECONOMICS (RATIONAL EXPECTIONS ECONOMICS OR RATEX)

5. NEW KEYNESIAN ECONOMICS

6. MARXISTS AND NEO-MARXIST ECONOMICS

7. “NATIONALIST ECONOMICS”

8. WALDEN BELLO AND THE THIRD WORLD NETWORK

9. PERSPECTIVE OF THE WORLD BANK

10. PERSPECTIVES ACCOMODATED BY THE ADB

11. PERSPECTIVES ON BUSINESS CYCLES

12. PERSPECTIVES ON THE ASIAN CRISIS OF MID-1997

13. PERSPECTIVES OF INSTITUTIONAL ECONOMICS

14. POLITICAL ECONOMY AND VARIANTS

IV. REQUIREMENTS (written guidelines for #2, 3, and 4 will be provided later)

1. Quizzes: 25%

2. “PERSPECTIVES IN ECONOMICS” Integration Essay: Due February 15, 2005 (must be at least 15 pages and essay must demonstrate that the writer had quick-read or had more than browse through many of the articles identified or linked through the webpage of Economics 198 in www.geocities.com/arturoboquiren, 25%)

3. Report for oral presentation: 25% to be delivered January and February (content of the report must add to the overview discussion provided by the course instructor/professor). The additions can represent details or updates (please consult and talk to me prior to the oral report).

4. Bibliography & Web Links (25%): Submit by the last day of final exams (good works in this requirement can have an extra bonus: GRADE UPGRADE from 0.25 to 0.5)

V. SELECT REFERRENCES (see the Econ 198 section of www.geocities.com/arturoboquiren for the rest of the partial list of reference materials. All must frequently visit the website and quick-read most of the articles recommended therein)

Ekelund Jr., Robert and Hebert, Robert. 1997. A History of Economic Theory and Method 4^th Edition. TheMcGraw-Hill Companies, Inc.: New York, St. Louis, San Francisco, Aukland, Bogota, Caracas, Lisbon, London, Madrid, Mexico, Milan, Montreal, and New Delhi.

Felderer, Bernhard and Homburg, Stefan. 1987. Macroeconomics and New Macroeconomics. Springer-Verlag: Berlin, Heidelberg, New York, and Tokyo. HB 172.5 F44 UP School of Economics Library.

Froyen, Richard. ______. Macroeconomics: Theories and Policies 4th Edition. MacMillan Publishing Company: New York, Toronto, Singapore, and Sydney.

Greenaway, David; Bleaney, Michael; and Stewart, Ian. 1991. Companion to Contemporary Economic Thought. Routeledge: London England. HB 34 C64 Circulation Section, UP Baguio Library Library: Bar Code UBULB0049071.

Landreth, Harry and Collander, David. 1989. History of Economic Thought 2nd Edition. Houghton Miffin Company: Dallas, Geneva, Palo Alto, Boston, New Jersey.

Samuelson, Paul A.; Bishop, Robert L.; and Coleman, John R. 1952. Readings in Economics. McGraw-Hill Book Company, Inc.: New York, Toronto, and London. HB34 S3, Circulation Section, UP Bar Code UBULB0020325.

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