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Course module: 360042-B-6
360042-B-6
Philosophy, Science and Free Markets
Course info
Course module360042-B-6
Credits (ECTS)6
CategoryBA (Bachelor)
Course typeCourse
Language of instructionDutch
Offered byTilburg University; Tilburg School of Economics and Management; TISEM Other;
Is part of
B Economics and Business Economics
Contact persondr. D.S.M. Deweer
Lecturer(s)
Coordinator course
dr. D.S.M. Deweer
Other course modules lecturer
Lecturer
dr. D.S.M. Deweer
Other course modules lecturer
Lecturer
dr. M.M.P. Vlerick
Other course modules lecturer
Academic year2019
Starting block
SM 1
Course mode
Full-time
Remarks-
Registration openfrom 19/08/2019 up to and including 24/01/2020
Aims
Part 1: Philosophy of Science
After the successful completion of this part of the course:
Goal 1: The student will be able to engage in critical thinking. (S)he can detect systematic reasoning errors or biases.
Goal 2: (S)he can explain why these biases occur.
Goal 3: (S)he can explain how these biases lead to domains of irrationality.
Goal 4: (S)he can explain how we can protect our reasoning against a number of important biases discussed in this course and can apply these insights in practical situations.
Goal 5: (S)he can explain when and why consumers and investors often act  irrationally, and how the economic actor can protect herself against these biases.
Goal 6: (S)he can distinguish scientific from pseudoscientific theories.
Goal 7: (S)he can explain what the core aspects of the scientific method are and how they protect against important biases.

Part 2: Philosophy of Free Markets
 
After the successful completion of this part of the course:
Goal 1: The student can reproduce and discuss important criticisms of the standard economic view on the description (what), explanation (why) and meaning (what for) of the free market and the free market system.
Goal 2: The student can reproduce and discuss as well as analyze and contrast various views on the what, why and what-for of the free market and the free market system, in particular as regards their moral, political and cultural aspects.
Goal 3: The student can reproduce and discuss contemporary theories on the moral limits of the market and can elementary analyze and evaluate these theories.
Goal 4: The student can relate these views on the free market to contemporary economic and political discussions and analyze and assess these discussions in light of these theories.
 
Enrollment and assessment
  • The first part of the course will be assessed by means of a mid-term assignment (30%) and a mid-term exam (70%).
  • The second part of the course will be assessed by means of a final assignment (30%) and a final exam (70%).
  • The total grade consists of the grade of the first part (50%) and the grade of the second part (50%).
  • The unrounded grade for both the mid-term exam and the final exam needs to be at least 5.
Content
In the first part of the course (Philosophy of Science) you will learn how to detect recurring reasoning errors (biases), understand how these biases arise and how we can improve our thinking. We will apply these insights in an economic context by discussing irrational investor and consumer behavior. We will also apply these insights to science in general by analyzing how the scientific method protects against recurring biases and what distinguishes science from pseudoscience.
 
In the second part of the course (Philosophy of Free Markets) we discuss free markets. What are free markets and what are free markets for? How shall we describe and explain the idea of a free market system and how shall we give it meaning? This part of the course is an introduction into the moral and political theory of the idea of a free market system. Emphasis will be put on the views of contemporary academics who are both economists and political theorists, such as Amartya Sen and Joseph Stiglitz.
 
Timetable information
Philosophy, Science and Free Markets
Written test opportunities
DescriptionTestBlockOpportunityDate
Midterm (wetenschapsfilosofie) 35% / Midterm 35%MIDTERM_01SM 1118-10-2019
Eindtentamen (vrije markt) 35% / Final exam 35%EXAM_01SM 1120-12-2019
Eindtentamen (vrije markt) 35% / Final exam 35%EXAM_01SM 2223-01-2020
Written test opportunities (HIST)
DescriptionTest/BlockOpportunityDate
Required materials
Literature
Teksten worden beschikbaar gesteld via Blackboard.
Recommended materials
-
Tests
Assignment 15%

Assignment 15%

Final exam 35%

Final grade

Midterm 35%

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