EC243-Economic History

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Spring term module
Pre-requisites: EC113 Introductory Microeconomics and EC114 Introductory Macroeconomics
Non-modular pre-requisites:
Co-requisites: EC201 Intermediate Microeconomics and EC202 Intermediate Macroeconomics
Modules excluded:
Current from: 2018/9

Module Convenor: Prof James Walker


Type of module:

Summary module description:
This module explains how the world economy got to be where it is today focusing on the first globalisation and economic crises. The long-run approach is instructive as it covers a period where the first truly global integration occurred, followed by the disintegration after the First World War and the global Great Depression emanating from the US in the 1930s, and the post-war reconstruction and resurgence punctuated by the Oil Crises of the 1970s.

By the end of the module students should be able to:
Describe and analyse the evolution of the first globalisation;
Distinguish between elements of the industrial and industrious revolutions;
Have a sophisticated knowledge of the causes and consequences of the Great Depression;
Appraise critically the principal interpretations of globalisation in an international context;
Organise their material and articulate their arguments effectively in writing both under timed conditions and in assessed essays.

Assessable learning outcomes:
An understanding of evolution of the world economy particularly over the last two centuries and a specialist knowledge the first globalisation and the Great Depression.

Additional outcomes:
Student will learn to summarise and convey the core information from scholarly journal articles.

Outline content:
The syllabus is wide ranging. By the end of the module students will have acquired a broad understanding of the evolution of the world economy particularly over the last two centuries and a specialist knowledge the first globalisation and the Great Depression. You will have been introduced to growth theory, the theory of international trade and money, and long-run institutional development.

Brief description of teaching and learning methods:
The module will be made up of ten two-hour lectures and four one-hour tutorials. The tutorials will involve the examination of "key" articles. Students hand in summaries of these articles at the beginning of the session. These article summaries will constitute 15% of the grade.

Contact hours:
  Autumn Spring Summer
Lectures 20 2
Tutorials 3
Guided independent study 159 16
Total hours by term 182.00 18.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 25
Set exercise 15

Summative assessment- Examinations:
One 2-hour unseen written paper.
Part 2 examinations are held in the Summer term.

Summative assessment- Coursework and in-class tests:

Ten article reviews (2 pages per article) - 1.5% each, total weight 15%

One essay (2,000 words) - weight 25%

Formative assessment methods:

Penalties for late submission:
The Module Convener will apply the following penalties for work submitted late:

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day[1] (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Assessment requirements for a pass:
    A minimum overall mark of 40%.

    Reassessment arrangements:
    Re-examination for all modules takes place in August/September of the same year.
    Re-assessment is by examination only; coursework is not included at the second attempt.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding: There may be optional costs associated with photocopying or printing sources listed on the reading list relating to this module. Please note that the Library charges approximately 5p per photocopy.
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 12 November 2018


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