Course Information Undergraduate prospectus

Economic History

Course summary

Course code: ECON1137
Level: 4
Credits: 15
School: Business Faculty
Department: International Bus and Economics
Course Coordinator(s): Cem Oyvat



This course introduces broad themes in economic history by exploring a small number of topics in
depth. The course explores the economic history from a pluralistic perspective by mainly using
institutionalist/new‐institutionalist, Keynesian and Marxian approaches. The course also provides
support for first year courses and a starting point for second year teaching.

Learning outcomes

On successful completion of this course a student will be able to:
1 Analyse the economic conditions in different phases of history.
2 Critically evaluate the ideas on social and economic changes in developed and
developing societies
3 Analyse the relevance of economic history on understanding today’s economic
4 Analyse the relevance of economic history on the development of economics literature
5 Be able to interpret and synthesise knowledge.
6 Demonstrate ability to argue, defend and amend intellectual positions.

Indicative content

The course covers features of hunter‐gatherer societies and the Neolithic revolution transition to
farming; pre‐capitalist modes of production (Slavery, Feudalism, Asiatic); mercantile capitalism and the
breakdown of pre‐capitalist modes of production; the origins of the industrial revolution, social and
political change; industrialisation in the US, Germany, Russia, Japan; the emergence and subsequent
dominance of European powers (1492 – 1914); discussions around colonization, institutions and
underdevelopment; historical conditions which led to trusts and cartels; the emergence of managerial
capitalism; the Great Depression and emergence of ‘Keynesian’ policies; socialist systems in Eastern
Europe, Asia, Cuba and the Cold War; the “Golden Age” of Capitalism and the Oil Crisis of 1973; the
emergence of Neoliberalism; and increasing concentration of incomes, financialisation in the neoliberal

Teaching and learning activity

Learning and teaching activities include lectures and tutorials. Lectures summarize the discussions
around the topic of the week. Students are expected to critically evaluate the ideas on social and
economic changes during the tutorials. Students are expected to read a range of book chapters and
articles before they come to tutorials, which will enable students to a) learn the details of the topics
covered b) participate in discussions.


Portfolio - 100%
Outcome 1-6
A literature review done in stages
Pass Mark 40%