Philosophy of Economics

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Course Code: 
PHI 2205
Course Credit Units: 
Semester 2
Year of Study: 
Year 2
Undergraduate or Graduate Level: 
Undergraduate Level
Academic Programs: 
Course Discipline: 
Course Description & Objectives: 

The course studies the philosophical and ethical problems arising from debates on economic questions like economic freedom, alienation and the free market, economic justice, economic democracy, the nature and structure of capitalism, the development question, property, rights, labour, poverty and wealth. It analyses the main politico-economic theories with particular attention to the role of the individual versus the collective.  The course considers economic models, labour theories, social change and their bearing on African economic systems.  Critical study of relevant classical texts like those of A. Smith and K. Marx is undertaken.                                                                                                                                                                                                                                                   Course Objective :

  • Enable students take a critical examination of classical philosophical ideas that shaped early economic thinking and practice


Learning Outcomes: 
  • To encourage learners identity the philosophical foundations of economictheories, concepts and arguments.
  • To help learners see how contemporary economic theories and practices arerooted in philosophy
  • To help learners reassess what is taken as given in contemporary economic theory and practice
Philosophy of Economics
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