ECON 372 - History of Economic Institutions and Thought

  • 3 credits
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Origins and development of capitalist institutions including contemporary issues of alienation, loss of community, and changing values.

This course provides an introduction to the history of economic thought. The course will begin with a brief survey of pre-capitalist economic thought, then cover the evolution of economic thinking from the mid-18th century around the time that Adam Smith was writing and continue through to the present day.

Particular focus will be paid to:

  • the Classical Political Economists;
  • the Marginalist Revolution and Neoclassical economics;
  • heterodox approaches to Poilitical Economy;
  • the Keynesian and Austrian schools of thought; recent developments in economic thinking.
  • recent developments in economic thinking.

By the end of the semester you should be able to:

  • understand the main ideas of the major schools of economic thought;
  • recognize the historical context behind different contributions to economic thought;
  • develop an appreciation for the evolution of capitalist institutions, economic thinking, and the nature of economies;
  • understand the difference between “Political Economy” and “Economics” and “orthodox” and
  • heterodox” economics;
  • develop a broader set of tools with which to think about and solve real world economic problems.


ECON 101 (Economics of Social Issues) or ECON 202 (Principles of Microeconomics) or AREC 202 (Agricultural and Resource Economics).


Teresa Perry

Teresa Perry is a 4th-year Ph.D. student interested in health and gender economics. Her dissertation incorporates an intersectional approach to studying addiction and substance use in economics. Perry also has research interests and projects in human trafficking and social media. She has been working on a project with Associate Professor Anders Fremstad and fellow Ph.D. candidate Sarah Small on the importance of textbooks in economics. In addition to her teaching experience at CSU, she was also a teaching fellow for Advanced Math for the AEASP Summer Program at Michigan State where she won best teaching fellow for the month of July 2020. For fun, Perry likes to hike, run, and hang out with her two dogs, Heidi and Bear, and cat, Max.

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