Course overview
This course covers important aspects of the historical evolution of the global economy from hunter gatherer societies, through the industrial revolution until today. The analysis of long-term economic development over the last two centuries includes historical developments of economic ideas and concepts and how these shaped economic policy and development. With a global outlook it focuses on topics which are relevant to an understanding of current economic issues ranging from industrialization processes to international financial and trade arrangements to the rise of the welfare state and government intervention in the economy.
Course learning outcomes
- Describe the main concepts used to explain the central elements of the historical development of the global economy
- Identify how economic ideas and theories have informed economic policy
- Identify and analyse historical developments which enhance our understanding of contemporary economic conditions
- Compile and judge relevant quantitative and qualitative information about the global economy in a range of formats from a variety of sources
- Discuss and communicate, in particular visualize, economic history topics in a clear, concise and competent manner