EC313: The International Economy in the Twentieth Century
Introduction
EC313-15 The International Economy in the Twentieth CenturyPrincipal Aims
The module aims to introduce students to the problems and features of the international economy during the twentieth century. Understanding the booms and the crises of the last century will help the students analyse contemporary events in a historical perspective. It will also contribute to an understanding of general patterns of growth and recessions and how policies can matter.
Principal Learning Outcomes
Demonstrate familiarity with some applications of economics that are specific to the theories of international trade, finance and migration, growth and recession and the relevance of geography, history and institutions in economic development.
Apply critical analysis to the topics of the module, formulate concepts and hypotheses, and show how they are tested in relevant literature.
Demonstrate general knowledge and understanding of the international economy in the 20th century including: the factors which led to Africa鈥檚 economic decline.
Demonstrate general knowledge and understanding of the international economy in the 20th century including: the second phase of globalization after 1945 and the factors that led to rapid growth in some regions such as Europe and East Asia.
Communicate their knowledge and understanding to others.
Critically review the relevant literature and evidence.
Demonstrate general knowledge and understanding of the international economy in the 20th century including: the first phase of globalization, and the different aspects of globalization and factors that led to the Great Depression of 1929.
Demonstrate the skill of writing a good summary of the recommended literature and fit them in a framework that answers the question set.
Syllabus
The module will typically cover the following topics:
Interwar Years: changes in the international economy
The Great Depression and Recovery
Golden Age in Europe: Post war reconstruction and growth
East Asian Miracle, Economic growth in China and India and Africa鈥檚 growth tragedy during the closing decades of the 20th century.
Context
- Optional Module
- GL11 - Year 3, GL12 - Year 4, L100 - Year 3, L103 - Year 4, L116 - Year 3, L1P5 - Year 1, L1PA - Year 1, LM1D (LLD2) - Year 3, LM1H - Year 4, V7ML - Year 3, V7MM - Year 4, V7MP - Year 3, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3, L1CA - Year 3, L1CB - Year 4
- Pre or Co-requisites
Any of:
EC201-30 Macroeconomics 2 and
EC202-30 Microeconomics 2 and
EC226-30 Econometrics
OR
EC204-30 Economics 2 and
EC203-30 Applied Economics
EC203 or EC236 is a co-requisite
Summary:Modules: (EC201-30 and EC202-30 and EC226-30) and (EC203-30 and EC204-30)
Assessment
- Assessment Method
- Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (80%) , Group presentation (20%)
- Exam Timing
- Summer