BAEcon Economics / Course details
Year of entry: 2018
Course unit details:
|Unit level||Level 1|
|Teaching period(s)||Semester 2|
|Offered by||School of Social Sciences|
|Available as a free choice unit?||Yes|
See course Blackboard pages.
The unit aims to:
- Provide an introduction to key developments in the history of economics.
- Provide insights into how economic analysis can explain or help to understand important historic events.
Examine how economies have operated and functioned in the past, and consider the value of economic history today.
At the end of the course unit, it is expect that students will be able to:
- Explain, discuss and analyse important economic developments in the past.
- Understand the main economic mechanisms and interactions which took place during these events.
- Understand economic behaviour within a broader context.
Indicative overview of the syllabus/topics:
Introduction (1 lecture)
- Early economic texts
- Development of markets and barter versus monetary economies
History and Economics (2 lectures)
- Classical systems of thought: Adam Smith, J.S. Mill, and Marx
- Linking economic thought, economic history and economic analysis: [various egs possible eg mercantilism & free trade, class interest & marginalism]
The Industrial Revolution (2 lectures)
- The causes debate: why then, why Britain. Role of the demographic transition, long run productivity growth, and lessons for today
- Key innovations: how they happened, the role of patents, trade and skills. Changes in system of innovation over time.
History of Economic Depressions and Recessions (2 lectures)
- The Great Depression, and its precursors
- Post war period: “les trente glorieuses”, the Keynes vs monetarism debates of the 1970s and 80s, the Great Moderation
Economics in Historical Context (2 lectures)
- The interactions between events and economic analysis: an example in the treatment of environmental and resource problems from 18th century through to its emergence as a modern discipline responding to environmental pressures
- Lessons of history for economic development
Teaching and learning methods
Lectures and tutorial classes.
- Analytical skills
- Students will develop skills in applying basic economic analysis in a variety of contexts. Students will develop expertise in evaluating the experience of a diverse range of economies in a rigorous manner. These skills will help prepare students for a range of careers requiring a knowledge of economic analysis and historical change.
- Oral communication
- Students will develop presentation and interpersonal skills through participation in tutorial sessions.
- Students will develop their ability to read economic literature; process and critically evaluate different sources of information; and develop a sustained and coherent written argument.
|Written assignment (inc essay)||100%|
- Group presentation: feedback will be provided on structure as well as content.
- Tutorial feedback.
- Office hours.
- Lecture session on essay writing advice.
- Roger Backhouse, The Penguin History of Economics, Penguin, 2002.
- David Landes, The Wealth and Poverty of Nations, Abacus, 1999.
|Scheduled activity hours|
|Independent study hours|
|Christopher Godden||Unit coordinator|
|Edward Manderson||Unit coordinator|
|Diane Coyle||Unit coordinator|
|Matthew McCaffrey||Unit coordinator|