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Courses
PH311 Philosophy of Economics
1

Availability

This course is compulsory on the BSc in Philosophy and Economics. This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Philosophy, Logic and Scientific Method, BSc in Philosophy, Politics and Economics and BSc in Politics and Philosophy. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

Course Content

This course is compulsory on the BSc in Philosophy and Economics. This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Philosophy, Logic and Scientific Method, BSc in Philosophy, Politics and Economics and BSc in Politics and Philosophy. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

Course Teaching

15 hours of lectures and 10 hours of classes in the MT. 15 hours of lectures and 10 hours of classes in the LT. This course is delivered through a combination of seminars and lectures totalling a minimum of 50 hours across Michaelmas Term and Lent Term. This year, some or all of this teaching will be delivered virtually. This course includes a reading week in Week 6 of both Michaelmas Term and Lent Term.

Formative

Students will be expected to produce 2 essays in the MT and 1 presentation in the LT. Students will be expected to produce two formative essays of 1,500 words each in MT. Note that at least one of these must be submitted since a reworked version is an essential part of the summative work for the course. There will also be a formative group debate in LT.

Indicative

D. Hausman, The Philosophy of Economics: An Anthology; J. L. Bermudez, Decision Theory and Rationality; J. Cohen and W. Easterly, What Works in Development: Thinking Big and Thinking Small; D. Hausman and M. McPherson, Economic Analysis, Moral Philosophy, and Public Policy; M. D. Adler, Measuring Social Welfare: An Introduction; D. Satz, Why Some Things Should Not Be for Sale.

Assessment

Exam (30%, duration: 2 hours) in the summer exam period. Essay (30%, 2500 words) in the LT. Essay (30%, 2000 words) in the ST. Class participation (10%). Summative Essay 1 (2,000 words, +500 words reflective commentary, 30%, due in LT) is a rewritten version of one of the formative essays on the MT material. Summative Essay 2 (2,000 words, 30%, due in ST) covers the LT material. The 2-hour ST exam (30%) consists of short-answer questions covering material from both MT and LT. This year, if necessary, the exam may be converted to a take-home exam. Class participation counts for 10% of the course grade.

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