Apologies in advance for this rather long post.
Personally, I would love to see a course on Covenant Theology and Dispensational Theology, but the latter must be restricted to where the doctrinal beliefs are in firm opposition. In other words, the course would not attempt to discuss details such as the rapture, a 7-year tribulation, or Daniel's Prophecies, however, to invoke a covenant is a key to Israel's relationship with God, that is something which would be touched upon. I can explain exactly what I mean by this core relationship, and IMHO, it would not matter what a person's eschatological theology is. But I doubt the post would fit, it was a paper I had to write in school.
Thus, supportive biblical doctrines which is what dispensationalists would call a recognizable and predestined historical division in Scripture, but in a historic framework, which God decreed before time and which He passes judgement on the activities of His creation during these divisions in a very different way, whilst His heavenly host, or if some prefer Divine Council, it matters not, since all are created beings and knew not what would be taking place.
The Edenic dispensation in contrast to the antediluvian dispensation would be two examples. The state of creation when the rebellious sons of God left their first estate, e.g., Gen. 6.1-4 and committed acts of abomination led to the flood.
A dispensation is NOT a way of salvation. In the Ages after Adam, man has always been saved by faith, i.e., by believing and trusting what God had said. By the time of NT revelation (the dispensation of grace) while the essence of regeneration and imputed faith by God to His elect remains, now directs the unregenerate to believe in the death, burial, and resurrection of Christ (or His finished work on the cross) as the only means of salvation.
History should be a component of such a course. For example, we know that amillennial and Preterist views came late and while they began to spread after Augustine, they took a solid hold after the Nicene Creed. (Interesting that up until about 400 AD there were over 500 translations of the bible, but Rome took care of that when they decreed Latin was the official language, burned every bible and made it a crime if a bible was printed in a language other than Latin.
Without question, the most important figure among the early apologists for Christianity was Justin Martyr. His unwavering belief in premillennialism may be found in Dialogue with Trypho; (Justin, Dial. 8. ANF1) but JM was also way ahead of his time. Again, in Dialogue with Trypho, Ch. 70, he writes: "Now it is evident, that in this prophecy [allusion is made] to the bread which our Christ gave us to eat, in [[remembrance]] of His being made flesh for the sake of His believers, for whom He suffered; and to the cup which He gave us to drink, in [[remembrance]] of His own blood, with giving of thanks."
While many other items on both Theologies can be discussed (let's not forget the recent push to change the dating of the Revelation of Jesus Christ to before the destruction of the temple, (AD 66-68) rather that the date accepted for years when John wrote the book in 95 AD on Patmos). Also, the many passages which are interpreted to be "spiritual Israel," and brought us “replacement theology” would be very important in such a course.
Again, sorry for the long post, but I think such a course would be of great value when Covenant Theology (or visa versa) is presented with its beliefs and doctrines in the same course.
20 years ago, I was a Reformed Baptist and still am, except my eschatology is dispensational. Oddly, the only reason I came to see a Reformed Soteriology was because I permitted scripture to interpret scripture, and allegorical text is easily recognized, as is reading the text literally, which led to my Reformed Soteriology as well as my Dispensational Theology.
I hope whatever anyone’s beliefs are, they would like to see a course like this, where the student gets both perspectives and can make their own decision.