Economic History since 1900

Bachelor 2022/2023

Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'

Category 'Best Course for New Knowledge and Skills'

Type: Compulsory course (International Bachelor's Programme in World Politics)

Area of studies: Public Policy and Social Sciences

Delivered by: Faculty of World Economy and International Affairs

Where: Faculty of World Economy and International Affairs

When: 3 year, 1, 2 module

Mode of studies: offline

Open to: students of one campus

Instructors: Artem Altukhov

Language: English

ECTS credits: 6

Contact hours: 86

Full Syllabus

Abstract

The course introduces students to the main topics of the global economic history from the early twentieth century to present. Discussion points include such issues as capitalism, socialist alternative(s), Nazi economy, welfare state, globalization.

Learning Objectives

1. To understand the development of the main modern European, American and Asian economies. 2. To develop an appreciation for the economic effects on political, and social processes. 3. To study in relevant details theoretical concepts and challenges underpinning the study of economic history since 1900. 4. To identify and select the sort of data that is needed to do this, and how to assess how much data is needed to make valid judgement. 5. To have a working familiarity with the most current research topics in economic history.
To understand the development of the main modern European, American and Asian economies
To develop an appreciation for the economic effects on political, and social processes
To study in relevant details theoretical concepts and challenges underpinning the study of economic history since 1900
To identity and select the sort of data that is needed to do this, and how to assess how much data is needed to make valid judgement
To have a working familiarity with the most current research topics in economic history

Expected Learning Outcomes

Be familiar with the main subject of the course
how technical change affects the economy
To analyze how relatively free capital mobility and controls on capital flows compare
To analyze how the effects of relatively free labor mobility (migration) compare with the effects of controls on mobility
To examine the development of modern industry by World War I
To explain what the benefits to economic growth and international trade of fixed versus fluctuating exchange rates are
To explain why the ability of a country to ‘catch up’ the economic growth of other countries is affected by the ‘social capabilities’ (the underlying conditions) in the country
To learn what the benefits to economic growth and international trade of fixed versus fluctuating exchange rates are
To understand how economic growth is transferred from one economy to another

Course Contents

Course introduction
International trade and economic growth
The financial crisis of 2008
The development of an international economy by 1900: trade, capital and labor
Institutions that underpinned the international economy before the First World War.
The development of modern industry
Britain – trade and empire
The First World War and the international economy
The world economic and financial crisis, 1929-33
Government intervention, recovery and the international economy in the 1930s
The war economies, 1939-45
International monetary relations since 1944
Economic growth in western Europe since 1950
The American economy since 1960: supply-side economics
Technology and deindustrialization
International trade and developing countries in the late 20th century
Japan and China

Assessment Elements

Seminar Activity
Activity at the seminars (2/3 max.) and Socrative score (1/3 max.)
Mock Exam 2
An offline unseen proctored handwritten exam requires a student to produce three essays on the topics of the course that are offered at the beginning of the exam. No external materials can be used.
Mock Exam 1
Final Oral Exam
The students have two randomly draw an unseen paper slip with two questions from the course contents. After 20 minutes of preparation with no external materials allowed, the student presents her oral answer. The examiner may ask additional questions of his choice.

Interim Assessment

2022/2023 2nd module
0.15 * Mock Exam 1 + 0.175 * Seminar Activity + 0.15 * Mock Exam 2 + 0.35 * Final Oral Exam

Bibliography

Recommended Core Bibliography

Kenwood, A. G., Lougheed, A. L., & Graff, M. (2013). Growth of the International Economy, 1820-2015 (Vol. [Fifth edition]). New York: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=631925
The Cambridge economic history of modern Europe. Vol.2: 1870 to the present, , 2011

Recommended Additional Bibliography

Aldcroft, D. H. (2002). The European Economy 1914-2000 (Vol. 4th ed). London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=69139
Blackford, M. G. (2008). The Rise of Modern Business : Great Britain, the United States, Germany, Japan, and China. Chapel Hill: The University of North Carolina Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=441912

Course Syllabus