EC313: The International Economy in the Twentieth Century

Introduction

Principal 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’s 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

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

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There is ONE section in this paper. Answer TWO questions (50 marks each).

Use a SEPARATE GREEN booklet for each question.

You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.

Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.

Approved scientific (non-graphical) pocket calculators are allowed.

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