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Faculty of Arts & Science · St. George

ECO198H1

Seminar on Modern Economic Thought

PrerequisiteNone listed
Total contact hours24 lecture · 12 tutorial
Evidence1 papers

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From the calendar

Official source · Faculty of Arts & Science

This seminar examines the development of modern economic thought from the marginal revolutionaries (Jevons and Menger) who proclaimed that demand in the form of utility was the basis of price to the supply/demand analysis of Alfred Marshall that established modern microeconomics by 1890. We then look at Irving Fisher’s 1907 foundation of the modern concept of the interest rate and the present value of capital before reviewing J.M. Keynes’ 1936 criticism of neo-classical positions on full employment and interest rates in arguing for government manipulation of interest rates to ensure full employment. We finish with Milton Friedman’s championing of the unregulated market economy through his quantity theory of money critique of Keynes. Restricted to first-year students. Not eligible for CR/NCR option.

Prerequisite
None listed
Contact hours
24 lecture · 12 tutorial
Total scheduled hours for the course, not per week.

How well we know this course

2020–2020

Pyko’s archive holds 1 document for ECO198H1, across 1 year between 2020 and 2020.

1
Final exams

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Sources behind every claim on this page
ClaimSourceCapturedStatus
Course description, prerequisites, exclusions, contact hoursFaculty of Arts & Science2026-07-25public fact
1 archived documents, 2020-2020Pyko archive2026-07-25index only

Page last verified 2026-07-25. A claim whose source moves is withdrawn before it goes stale.

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ECO198H1 past exams — UofT | Pyko