EC104: The World Economy: History & Theory
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 evolution of the world economy as well as the use of theory and empirical analysis in economics research, 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) Economic information: Knowledge of specific economic trends and patterns; understanding of particular problems and solutions in economic measurement. (iii) 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.
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 British Industrial Revolution: 1750-1850
• Living Standards: 1750-1870
• Globalisation and Industrialisation: 1870-1914
• The Interwar Economy: 1914-1939
• War, Recovery, and Decolonisation: 1939-1961
• Planning, Divergence, and Inflation: 1961-1979
• Economic Reform: 1979-2001
• The Contemporary World Economy: 2001-present
Context
- Optional Module
- V7ML - Year 1, LM1D (LLD2) - Year 1
- Pre or Co-requisites
- A-level Maths or A-level Economics
Assessment
- Assessment Method
- Coursework (100%)
- Coursework Details
- Assessment 1 (1200 words) (25%) , Assessment 2 (1200 words) (25%) , Assignment 3 (40%) , Seminar Participation (10%)
- Exam Timing
- N/A
Exam Rubric
There is no examination for this module in 2024/25.
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.