University of Essex Course Materials Repository

Department of Economics


EC120 The World Economy in Historical Perspective

This module has two long codes: EC120-4-FY and EC120-5-FY, where 4 means "first year undergraduate", 5 means "second year undergraduate", and FY means "Full year".

The coverage of both first and second year variants is the same.  However, the assessment questions (essays and final examination) differ.  The first year variant requires no previous knowledge of economics, while the second year variant assumes a background at least equivalent to the level of introductory economics at degree level.

Here is a link to the standard view of the CMR.

Industrial development

Contents

Reading list, 2011-12

Assignment (essay) questions:
      assignment 1 (deadline 12 December 2011), with hints on coverage.
      assignment 2 (deadline 19 March 2012), with hints on coverage.
      Pro-forma of the feedback sheet for EC120 assignment essays.

Formative assessment: essay questions, including guidance (deadline Monday 07 November 2011 )
      You should write an essay in answer to ONE of the listed questions.
      Tips — guidance for writing EC120 essays.  Here is an example essay
      Handout (essay guide) from the class presentation on 16 November 2011.
      The University offers resources to support your essay writing skills: an essay-writing program and study skills workshops.

  Lecture presentations and notes:  Autumn term (weeks 01—11) Spring term (weeks 16—25)

In Our Time Archive – a treasure chest of radio programmes that provide context for several topics in EC120

Links to past exam question papers  – Note: the exam format will change slightly in 2012.
    The proposal to amend the final exam format (available here) has now been approved: it with sample question papers too.

Link to the Department of Economics website

Online module directory entry for EC120

Module supervisors: R. E. Bailey (topics 01 – 15),  W. P. Kennedy (topics 16 – 20)


Lecture notes and presentations 2011 – 2012
(Materials with restricted access are available only to University of Essex users.)

The lecture notes will be updated during the term

Autumn term


Map
University week 01  03 – 07 October 2011
Topic 0. Introductory overview of EC120 

Lecture notes: presentation style and notes style

A graph of world population since  500BCE

A graph of real wages in Britain since the 13th century


Gutenberg press
University week 02 10 – 14 October 2011
Topic 1. A long term perspective of economic development

Lecture notes:  presentation style and notes style

Extras: the Malthusian population model; Long-term technical progress (restricted access)

In Our Time archive: The Silk Road, The Black Death, Malthusianism


Chinese spinning wheel
University week 03  17 – 21 October 2011
Topic 2. Asia before the onset of modern industrialisation

Lecture notes:  presentation style and notes style

Extras: details and stats; map of Cheng Ho's voyages; map of India; map of the Ottoman empire (restricted access)

In Our Time archive: The Ming Voyages, The Needham Question, The Abbasid Caliphs, Constantinople Siege and Fall (On the scientific method, discussed in the Needham Question, the following are also of interest: Baconian Science, The Scientific Method.)


Clipper ship
University week 04 24 – 28 October 2011
Topic 3. Voyages of discovering: Europe looks East and West

Lecture notes:  presentation style and notes style

Extras: maps and tables (restricted access)

In Our Time Archive: The Aztecs, The Siege of Tenochtitlan, The Jesuits


Trade
University week 05 31 October – 04 November 2011
Topic 04. Commercial expansion: mercantilism and finance

Lecture notes:  presentation style and notes style

Extras: maps and tables (restricted access)

In Our Time Archive: Tea


 
University week 06 07 – 11 November 2011
Topic 05. Trade and technology: an Asian perspective

Lecture notes:  presentation style and notes style

Extras: graphs and tables. Map of China (mid-18th century). Map of India (Mughal era). (restricted access)

In Our Time archive: The East India Company, The Mughal Empire, The Siege of Vienna


Cotton spinning
University week 07 14 – 18 November 2011
Topic 06. Preindustrial economies in transition

Lecture notes:  presentation style and notes style

Extras: graphs and tables (restricted access)

In Our Time archive: The Enclosures of the 18th Century, The Enlightenment in Scotland , David Hume


 
University week 08 21 – 25 November 2011
Topic 07. Technology, modernisation and industrialisation

Lecture notes:  presentation style and notes style (Updated, 20 November 2011: the only change is that a new page, "The Role of Science" has been inserted following slide 5.)

Extras: graphs and tables. Some machines of the British Industrial Revolution (restricted access)

In Our Time archive: The Industrial Revolution, Consequences of the Industrial Revolution, The Lunar Society, The Great Exhibition of 1851

View Bob Allen's lecture, Why was the Industrial Revolution British? (R. H. Tawney Lecture, 2009, for the Economic History Association


 
University week 09 28 November – 02 December 2011
Topic 08. Trade & Finance during the Industrial Revolution

Lecture notes:  presentation style and notes style

Extras: (i) statistical tables, and (ii) a note explaining how Bills of Exchange worked. (restricted access)

In Our Time Archive: The Opium Wars


 
University week 10 05 – 09 December 2011
Topic 09. Industrialisation spreads to Europe and beyond

Lecture notes:  presentation style and notes style

Extras: maps and tables, and separately a map of Europe in 1780 (restricted access)



 
University week 11 12 – 17 December 2011
Topic 10. The Great Divergence between Europe and Asia

Lecture notes:  presentation style and notes style

Extras: tables and graphs (restricted access)


 

Spring term



University week 16 16 – 20 January 2012
Topic 11. Globalization, 1815−1914 : trade and development

Lecture notes:  presentation style and notes style

Extras: tables and graphs, with world maps (restricted access)

In Our Time Archive: The Great Reform Act, 1848: Year of Revolution


 
University week 17 23 – 27 January 2012
Topic 12. Globalization, 1820 — 1914 : migration and capital flows

Lecture notes:  presentation style and notes style

Extras: tables and graphs (restricted access)


 
University week 18 30 January – 03 February 2012
Topic 13. The international Gold Standard

Lecture notes:  presentation style and notes style (Amended, 01 February 2012. The only change is a small amendment to the note following slide 4.)

Extras: tables and graphs (restricted access)


 
University week 19 06 – 10 February 2012
Topic 14. The Great War, 1914—18, and its aftermath

Lecture notes:  presentation style and notes style

Extras: tables and graphs (restricted access)


 
University week 20 13 – 17 February 2012
Topic 15. Origins and propagation of the Great Depression

Lecture notes:  presentation style and notes style

Extras: tables and graphs and a brief note on the ideas of John Maynard Keynes (restricted access)


 
University week 21 20 – 24 February 2012
Topic 16. World War II and the reconstruction of Europe, 1945 — 1951

Lecture notes:  presentation style and notes style

Extras: tables and graphs (restricted access)


 
University week 22 27 February – 02 March 2012
Topic 17. The quest for a new international monetary order

Lecture notes:  In preparation


 
University week 23 05 – 11 March 2012
Topic 18. A Golden Age of economic growth, 1950 – 1973

Lecture notes:  In preparation

Radio programme (Radio 4, Crossing Continents Extra): Europe's Choice 1989 (Insights on the origins of monetary union in the EU following the collapse of communism in Eastern Europe – and the subsequent euro crisis.)


 
University week 24 12 – 16 March 2012
Topic 19. The end of Bretton Woods, shocks in the global economy and the return of financial crises: Life after the "Golden Age".

Lecture notes:  In preparation


 
University week 25 19 – 23 March 2012
Topic 20. Historical perspectives on the present

Lecture notes:  In preparation


Department of Economics: main course materials listing


Last updated 08 February 2012