ECONOMIC HISTORY AND WORLD
ECONOMY
Degree in Business Administration
and Management
Pilar Egea and Vicente Pinilla
OBJECTIVES
• To help students to understand present day
main economic problems
• To give students a historical perspective about
them.
• Main issues:
– Causes and characteristics of economic growth
– Spatial and personal income disparities
– The nature and causes of economic crisis
– The building of a global economy
SYLLABUS
• 1. Economic development in the long run
• 2. Institutional change.
• 3. The origins of modern economic
development.
• 4. Models of economic growth in the
twentieth century.
• 5. The bases of present day economy: the
working of a global economy.
TEACHING METHODS
Delivery type
Number
Length hours Student hours
Lecture
15
2.00
30
Seminar
15
2.00
30
Private study
190
Total contact hours
60
Total hours
250
Planning
Lectures
Topic
1. Modern economic growth
1. Modern economic grwoth
2. Institutional change
3. The industrial revolution and the spread of
25-feb industrialization
3.
Settler
Economies
and
economic
04-mar backwardness in the non-Western World.
11-mar 4. The 1930s’ economic crisis
Week Day
1 04-feb
2 11-feb
3 18-feb
4
5
6
7
8
9
10
11
12
13
14
18-mar 4. The golden age of capitalism
4. The Soviet economy and the European
25-mar planned economies
1-apr 4. Economic growth of the developing countries
8-apr 5. The bases of present day economy
06-may 5. The bases of present day economy
13-may 5. The bases of present day economy
20-may 5. The bases of present day economy
27-may 5. The bases of present day economy
Day
03-feb
10-feb
17-feb
Seminars
Reading
Introduction
1. Maddison (75-87): long run growth (1)
2. Prados: Human Development (1)
24-feb 3. Feinstein (35-51): Structural Change (1)
4. Acemoglou & Robinson (70-87):
03-mar Institutions (1)
10-mar 5.Persson (224-239): Globalization (1)
6. Persson (171-183): International Monetary
17-mar Regimes (1)
24-mar
31-mar
7-apr
05-may
12-may
19-may
26-may
7. Persson (206-219): Inequality (1)
8. Chandler (6-12): Firms (2)
9. Persson (185-204): Public Intervention (2)
10. t.b.a.
11. t.b.a.
12. t.b.a.
13. t.b.a.
P-6
Day
Activity
28-feb Commanding Heigths, chap. I
09-may t.b.a.
Lectures
Week Day
1 04-feb
2 11-feb
3 18-feb
Lectures
Topic
1. Modern economic growth
1. Modern economic grwoth
2. Institutional change
3. The industrial revolution and the spread of
industrialization
3.
Settler
Economies
and
economic
backwardness in the non-Western World.
4. The 1930s’ economic crisis
4
25-feb
5
6
04-mar
11-mar
7
18-mar 4. The golden age of capitalism
4. The Soviet economy and the European
25-mar planned economies
1-apr 4. Economic growth of the developing countries
8-apr 5. The bases of present day economy
06-may 5. The bases of present day economy
13-may 5. The bases of present day economy
20-may 5. The bases of present day economy
27-may 5. The bases of present day economy
8
9
10
11
12
13
14
Seminars
Seminars
Day
Reading
03-feb Introduction
10-feb 1. Maddison (75-87): long run growth (1)
17-feb 2. Prados: Human Development (1)
24-feb 3. Feinstein (35-51): Structural Change (1)
4. Acemoglou & Robinson (70-87):
03-mar Institutions (1)
10-mar 5.Persson (224-239): Globalization (1)
6. Persson (171-183): International Monetary
17-mar Regimes (1)
24-mar
31-mar
7-apr
05-may
12-may
19-may
26-may
7. Persson (206-219): Inequality (1)
8. Chandler (6-12): Firms (2)
9. Persson (185-204): Public Intervention (2)
10. t.b.a.
11. t.b.a.
12. t.b.a.
13. t.b.a.
COMPULSORY READING LIST
•
•
•
•
•
•
•
•
•
•
•
•
•
Maddison, A. (2008): “The West and the Rest in the World Economy: 1000-2030”, World
Economics, 9, 4: 75-95.
Prados de la Escosura, L. (2014): “World Human Development, 1870-2007”, Review of Income
and Wealth, DOI: 10.1111/roiw.12104.
Feinstein, Ch. (1999): “Structural Change in the Developed Countries during the Twentieh
Century”, Oxford Review of Economic Policy, 15, 4: 35-51.
Acemoglou, D. and Robinson, J. A. (2012): Why Nations Fail. The origins of power, prosperity
and poverty, Profile Books, London: 70-87.
Persson, K.G. (2010): An Economic History of Europe. Knowledge, Institutions and Growth,
600 to Present. Cambridge University Press, Cambridge: 224-239.
Persson, K.G. (2010): 171-183.
Persson, K.G. (2010): 206-219.
Chandler, A. D. (1977): The Visible Hand. The Managerial Revolution in American Business.
The Belknap Press of Harvard University Press, Cambridge, Ma.: 6-12.
Persson, K.G. (2010): 185-204.
T.B.A.
T.B.A.
T.B.A.
T.B.A.
P-6
P-6
Day
Activity
28-feb Commanding Heigths , chap. I
09-may t.b.a.
FINAL GRADE COMPONENT
WEIGHTING
•
•
•
•
1.5 final exam (75%)
In-class performance/participation (25%)
In-class perfomance/participation
You are expected to read and prepare the readings and homework
assignments specified on the reading list, and to participate in the
class discussions. Your instructor expects you to speak in class. At
the end of the class will be collected a short summary only from
those persons who participated in class.
• Final exam
• The final exam is cumulative; that is to say that it consist of all the
materials studied up to the end (including lectures and practical
classes). The exam will likely contain all of the following parts: a) A
multiple-choice test (ten short questions) (25% of the grade), b)
Two short essays (50% of the grade).
Office hours:
Monday
Tuesday
Wed.
9--10
EHWE (prac 1) (M2) Office hour
10--11
11--12
12--13
13--14
14--15
15--16
16--17
17--18
18--19
EHWE (prac 1) (M2) Office hour
Office hour
EHWE (T) (M2)
Office hour
EHWE (T) (M2)
EHWE (prac 2) (M2) Office hour
EHWE (prac 2) (M2)
Thursday
Office hour
MASTER ECON
MASTER ECON
MASTER ECON
Friday