Unit 1.2 · Economic Methodology and the Evolution of Economic Thought
Timeline of Economic Thought
AO2Diagram required
Syllabus Requirement
Synthesises the progression of major schools from the 18th to the 21st century.
Assessment Objectives
AO2Application and Analysis
Summary
The evolution of economic thought illustrates how the discipline of economics has developed over time in response to changing societal needs and historical events. A timeline of key thinkers and schools of thought highlights the diversity of ideas in economics, showing that it is not a static field but one that adapts to new challenges and insights.