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  • History of Economic Thought - Test 1 (2014)

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    CarlosdaMaia
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    This document contains a history of economic thought test from the University of St. Thomas of Mozambique Business School. The test has 6 questions related to the rise of political economy, differences between pre-Great Economists and the age of Great Economists, how mankind survived as a social group, physiocracy's relationship to Adam Smith's vision, the publication year and originality of The Wealth of Nations, and Adam Smith's view of wealth. Students are instructed to answer the questions in paragraphs and no outside materials are allowed.

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    This document contains a history of economic thought test from the University of St. Thomas of Mozambique Business School. The test has 6 questions related to the rise of political economy, differences between pre-Great Economists and the age of Great Economists, how mankind survived as a social group, physiocracy's relationship to Adam Smith's vision, the publication year and originality of The Wealth of Nations, and Adam Smith's view of wealth. Students are instructed to answer the questions in paragraphs and no outside materials are allowed.

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    © All Rights Reserved
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    14 views1 page

    History of Economic Thought - Test 1 (2014)

    Uploaded by

    CarlosdaMaia
    This document contains a history of economic thought test from the University of St. Thomas of Mozambique Business School. The test has 6 questions related to the rise of political economy, differences between pre-Great Economists and the age of Great Economists, how mankind survived as a social group, physiocracy's relationship to Adam Smith's vision, the publication year and originality of The Wealth of Nations, and Adam Smith's view of wealth. Students are instructed to answer the questions in paragraphs and no outside materials are allowed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    UNIVERSITY OF ST.

    THOMAS OF MOZAMBIQUE
    BUSINESS SCHOOL

    History of Economic Thought


    Test 1

    Please answer the questions below. Where needed please remember to organize your
    paragraphs accordingly. No aide materials are allowed during this test.
    1. Tumult resolved into chord. How does this sentence relate to the raise of political
    economy? (20%)
    2. What are the main differences between the world that preceded the Great Economists
    and the age of the Great Economists? (20%)
    3. From the primitive to the modern society, how did Mankind manage to survive as a
    member of a social group? (20%)
    4. Physiocracy (hint: Franois Quesnays propounded school of thought) was
    uncongenial (i.e., not pleasant or friendly to be with) to Adam Smiths Scottish vision.
    Is this a true or false statement? Motivate. (10%)
    5. In what year was The Wealth of Nations (Adam Smiths masterpiece) published? Was
    this a wholly original book? Motivate. (20%)
    6. What did Adam Smith considered WEALTH? (10%)

    Carlos da Maia, PhD


    September 16, 2014

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