Coronavirus (Covid-19): Latest updates and information
Skip to main content Skip to navigation

EC104: The World Economy: History & Theory

  • Claudia Rei

    Module Leader
30 CATS - Department of Economics
Spring Module
Autumn Module

Principal Aims

This module explains how the world economy got to be where it is today, focusing on the success and failure of several key countries and regions, measured by the long-term changes in income and population. Students will complete the module with a strong understanding of the historiography and broad knowledge of the world economy, while developing analytical and writing skills.

Principal Learning Outcomes

Subject Knowledge and Understanding Demonstrate a familiarity with knowledge and basic understanding of:(i) the evolution of the world economy during the last millennium and specialist knowledge some areas of this that the student finds particularly interesting.(ii) growth theory, trade theory, and business cycle theory.(iii) Economic information: Knowledge of specific economic trends and patterns; understanding of particular problems and solutions in economic measurement.(iv) Research issues: Familiarity with contemporary empirical debates and latest research in some areas of economics. Understanding of how to approach an economic problem from the perspective of a contemporary researcher in economics. Students will develop general knowledge on the evolution of the world economy during the last millennium and specialist knowledge specific topics that the student finds particularly interesting. Students will also develop familiarity with particular problems and solutions in economic measurement, contemporary empirical debates and latest research in some areas of economics, understanding of how to approach an economic problem from the perspective of the economics researcher.

Syllabus

The module will discuss a selection of topics. The following list is indicative.

• Introduction and Pre-Modern Growth: pre-1500

• Early Modern Period: 1500-1750

• The Industrial Revolution: 1750-1850

• Industrialization and Living Standards: 1750-1850

• The Second Industrial Revolution and the Rise of the United States: 1850-1900

• Globalisation and Colonization: 1870-1914

• The Interwar Period:1914-1945

• Postwar Recovery and Decolonization: 1945-1979

• Economic Reform: 1979-2001

• The Contemporary World Economy: 2001-present

Context

Core Module
L100 - Year 1
Optional Module
V7ML - Year 1, LM1D (LLD2) - Year 1, L116 - Year 1
Pre or Co-requisites
A-level Maths or A-level Economics
Part-year Availability for Visiting Students
Available in the Autumn term only (1 Assignment 12 CATS) and in the Spring term only (1 Assignment 12 CATS) and in the Autumn and Spring terms 2 Assignments 24 CATS)

Assessment

Assessment Method
Coursework (50%) + 24-hour examination (Summer) (50%)
Coursework Details
Assessment 1 (1200 words) (20%), Assessment 2 (1200 words) (20%), Seminar Participation (10%), 24-hour examination (Summer) (50%)
Exam Timing
N/A

Exam Rubric

Time: 24 hours

Answer ONE question from a choice of three.

Word limit 1000-1500 words.

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Reading Lists