Theory and History of Economics
My teaching materials regarding the theory and history of economics.
We began from the naïve normative discussions of economics as a moral and social science, tracing how classical thinkers framed questions of justice, wealth, and value. From there, we moved into the positive tradition, focusing on the development of marginal analysis, general equilibrium, and the neoclassical synthesis. Finally, we considered the historical and methodological debates—from Keynesian revolutions to modern critiques—highlighting how economics has oscillated between a science of models and a branch of philosophy.
📚 Teaching Materials (PDFs)
Below is a growing collection of lecture notes, exercises, and discussion with my students.
Unit 1 Evolution of Economics
- Origin of Economics
- Origin of Economics II
- Adam Smit & Thomas Malthus
- Production Possibilities Frontier and Market Structure
- Economic Cost vs Accounting Cost: Freidrich Wieser and Karl Marx
- Debate on Trade: David Ricardo I
- Debate on Trade: David Ricardo II
- Innovation and Joseph Schumpeter I
- Innovation and Joseph Schumpeter II
- Economic Planning: Crtiques by Friedrich Hayek
- Economic Planning: Defence by John Maynard Keynes
- Economic Planning: Synthesis
Unit 2 Topics in Business
- Money I
- Money II
- Interest Rate
- Determinants of Interest and Introduction to Rationality
- Elementary Game Thoery: Nash and Pareto
- Game Theory in the Market
Unit 3 Cases in Business
- Samuel Altman and Open AI I
- Samuel Altman and Open AI II
- SWOT Analysis
- Elon Musk and Tesla
- Jensen Huang and Nvidia
Unit 4 Economics Proper
In this unit we attempt to formally introduce key ideas in orthodox mainstream economics whilst synthesizing the interdependency of micro,macro, and metrics. This is my attempt to, far from taking some economics axioms as granted, bring in the empirical correspondence to many of our economic theory.