Classics in Economics, 5.5 credits
Classics in Economics, 5,5 högskolepoäng
Course Syllabus for students Autumn 2020
Course Code: FJCLE36
Confirmed by: Research Board Apr 14, 2016
Valid From: Apr 14, 2016
Version: 1
Education Cycle: Third-cycle level
Research subject:


The goal of the course is to give the student basic knowledge about economics as a way of understanding (i) business renewal, innovations and entrepreneurship, (ii) economic organization and growth. The course also gives the student overview knowledge about the development of basic principles in economics.

Intended Learning Outcomes (ILO)

On completion of the course, the students will be able to:

Knowledge and understanding

Skills and abilities

Judgement and approach


Type of instruction

Lectures and seminars

The teaching is conducted in English.


Admitted to a doctoral programme in economics or business administration or a related subject of a recognized business school or university.

Examination and grades

The course is graded Fail (U) or Pass (G).

Participant should write an in depth essay to receive 5.5 ECTS credit (aprox. 6 pages), fulfils ILOs 1-4
The grades for the course is pass or fail.

Course evaluation

A course evaluation will be conducted at the end of the course.

Course literature

Coase, RH,. (1937) “The Nature of the Firm”, Economica, 4:386-405.
Coase, RH,. (1960) “The problem of Social Cost”, Journal of Law and Economics, 3:1-44.
Heilbroner, Robert: The Worldly Philosophers (book).
Marshall, A. (1920) Principles of Economics, 8th edition Book IV chs 8-13
Schumpeter, Joseph: A Theory of Economic Development (book)
Smith, A. (1776) An Inquiry into the Nature and Causes of the Wealth of Nations, Ch 1
Stigler , G.J., (1951) “The division of labor is limited by the extent of the market”, The Journal of Political Economy, 84(6):185-193.
Williamson, O.E., (2000), “The New Institutional Economics: Taking Stock, Looking Ahead”, Journal of Economic Literature, 38:595-613
Williamson, O.E., (1979), “Transaction-Cost Economics: The Governance of Contractual Relations” Journal of Law and Economics, 22(2):233-261