| Code |
12103
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| Year |
3
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| Semester |
S1
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| ECTS Credits |
6
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| Workload |
TP(60H)
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| Scientific area |
História
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Entry requirements |
Not applied.
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Learning outcomes |
The main purpose of this course is to understand the process of economic growth and social changes approaching the historical experience of Europe and its leadership in the rise and development of capitalism.
Upon successful completion of the course, the student is able to:
1. Understand and “think historically" the main topics related with the development of the world economy across time and space
2. Explain the pre-industrial era and the Malthusian trap
3. Debate the role of human capital, trade and technology in economic growth
4. Explain and reflect upon finance system developments, trade and international monetary cooperation
5. Reflect upon the economic role of the state, changes in inequality and globalisation
6. 6. Use simple data methods to analyse historical data;
7. Apply economic theory as it relates to economic history;
8. Demonstrate ability to critically review appropriate literature, and to debate findings.
9. Communicate effectively both in written and speaking.
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Syllabus |
I – WHAT IS ECONOMIC HISTORY?
II - PRE-INDUSTRIAL WORLD
2.1 Competing Perspectives: Malthus versus Smith
2.2 Pre-Modern Economic Growth: Population and resources constrains
2.3 Institutions, Markets and Economic Progress
III – INDUSTRIAL REVOLUTION, TECHNOLOGY AND THE GREAT DIVERGENCE
3.1 Industrial Revolution or “Industrial Transition”?
3.2 Knowledge, Technology and Economic Sustained Growth: “Brains replaced muscles”
3.3 Widening the Technological Gap: The Great Divergence
IV - MONEY, TRADE AND INTERNATIONAL MONETARY REGIMES
4.1 Money, Banks and Crises
4.2 Trade, Policies and Economic Growth: Free trade versus protectionism
4.3 International Monetary Systems: Fundamentals and experiences
V - THE ERA OF POLITICAL ECONOMY: WELFARE STATE, INEQUALITY AND GLOBALISATION
5.1 From the Minimal State to the Welfare State in the 20th Century
5.2 Trends in Inequality Between and Within Countries
5.3 Globalization and the Closing of the Great Divergence
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Main Bibliography |
Compulsory Readings
• Persson, K. Gunnar. (2015). An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present, 2nd Ed., New York: Cambridge University Press.
• Cark, Gregory (2007). A Farewell to the Alms: A Brief Economic History of the World, Princeton: Princeton University Press
• Texts announced in the course Moodle platform.
Complementary Readings
• Broadberry, S. & O’Rourke, K. (eds.) (2010). The Cambridge Economic History of Modern Europe: 1700-1870, Vol. 1, New York, Cambridge University Press.
• Broadberry, S. & O’Rourke, K. (eds.) )2010). The Cambridge Economic History of Modern Europe: 1870 to the Present, Vol. 2, New York, Cambridge University Press.
• Eichengreen, Barry 2008. Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press (2ª ed.).
• Greif, Avner (2006). Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, New York, Cambridge University Press.
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Teaching Methodologies and Assessment Criteria |
The learning process combines classroom learning, lectures and practical sessions, with independent study, individually or in group. The module uses various forms of assessment to evaluate different skills and abilities. The written assignment aims at initiating students to research practices, in particular to evaluate their capacity to organise work and readings skills. These forms of assessment also permit to evaluate students’ capacity to grasp and apply concepts, to structure logical answers critical arguments, to draw conclusions and economic policy implications, and communicate effectively.
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Language |
Portuguese. Tutorial support is available in English.
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