The course deals with historical aspect of economic theory. The students will be exposed to the marginalist revolution, development revolution and the development of the neoclassical paradigm. The course also deals with development of the Marxian paradigm from the classical political economy, institutionalism revolution, integration of Keynesian macroeconomics into the neoclassical framework; the evolution of the Neoclassical, Keynesian and Marxian derived growth theory; emergent economic thought from Latin America, Asia and African; structuralist and dependence paradigm and the challenge of the world development.