Economic History: Enterprises and Countries in the Process of Shaping the Global Economy 2400-M1HG3
The course consists of twelve blocks of topics, with 4 to 8 hours of class time devoted to discussion (one of the blocks is devoted to the review of the rules for the preparation of academic texts).
1. Academic writing: the basic principles of preparing an academic paper. Construction of the paper, rules for preparing the proposal. Discussion of prepared proposals of the papers (classes will be held in the second month of the course).
2. Economy of medieval Europe: evolution of political and economic structures. Agriculture as the basis of functioning of medieval monarchies. Development of economy in the Middle Ages. Malthusian crises and their meaning.
3. Cities and trade in medieval Europe: The collapse of the urban economy and trade in the second half of the 1st millennium. The emergence of local and regional markets. The local character of the urban economy. The Black Death and its significance for the economic development of Europe.
4. Geographical discoveries: Territorial expansion of Europe. Causes, organization and course of geographical discoveries. Overseas colonies and their organization. The colonial empires of Spain and Portugal. Consequences of geographical discoveries. The price revolution. The new economic geography of Europe.
5. The new type of state in modern Europe: The centralized state and its origins. Absolutism. New functions of the state and its organization. The origins of public finance and state administration. Tax state vs. domain state.
6. Economy of modern Europe: commercial capitalism, trade companies and beginnings of modern trade and economic policy. Mercantilism. Transformations in European agriculture. The special case of the Dutch economy.
7. Industrial revolution in England: The special case of England. Dominance of parliament. Trade policy. Financial market. Colonial empire. The agrarian revolution. English inventiveness. Course and consequences of industrialization in England.
8. Industrial revolution in Europe: Institutional conditioning. Money and international trade. New type of inventiveness. Leaders and marauders. Transformations in the mode of production and the mernedge revolution. First Globalization.
9. The collapse of the world economy in the first half of the 20th century: the Great War and its consequences. The collapse of international trade and autarkic tendencies. The Great Depression: causes and course. New economic policy (the birth of Keynsian economic policy). World War II and its significance for the reorganization of economic systems. The growing importance of the state.
10. World economy after World War II - European integration, modernization in Third World countries, restoration of the world market. Thirty years of growth. Welfare state - emergence and development.
11. Real socialism. The emergence of anti-market economy. Centrally planned economy. Stalinism and industrialization of USSR. State socialism after II: USSR and satellite countries. Drivers of economic growth. Crisis of socialist economy.
12. Late 20th century. New model of economic policy after oil crisis (neoliberalism). IMF, Washington consensus and deregulation of peripheral economies. Systemic transformation of socialist countries. Economic crises of 1980-90s.
Type of course
Prerequisites (description)
Course coordinators
Term 2023L: | Term 2024L: |
Learning outcomes
Knowledge:
As a result of the course, the student is familiar with the broader context of economic development, and the knowledge gained during the class is an important complement to the courses in micro- and macroeconomics and finance. The classes are designed to deepen the student's knowledge of the economic history of Europe from the late Middle Ages onwards, with particular emphasis on showing the evolution of market structures from local to global markets. The knowledge imparted in the classes allows the student to understand the genesis and process of formation of markets in the process of economic development, provides the opportunity for a deeper understanding of the institutional conditions determining the formation and development of various market structures. In this context, the relationship between the evolution of markets and the firm in history and changes in economic policy will be shown. The relationship between economic changes (especially in the 20th century) and the evolution of theoretical concepts in economics will also be shown.
S2A_W01, S2A_W02, S2A_W03, S2A_W04, S2A_W05, S2A_W06, S2A_W07, S2A_W08, S2A_W09, S2A_W10, S2A_W11
1 The student has an in-depth knowledge of the principles of academic text construction, theories, methods and tools of economic and historical analysis, as well as methods of searching for information, data and materials. The student understands what a dependent and plagiarized work is in the context of copyright protection (S2A_W06, S2A_W10).
2 The student has an expanded knowledge of the place of Economic History in economics and in the social sciences. The student has an in-depth knowledge of economic development processes in historical perspective. The student understands the course and nature of changes in the economic system throughout history and knows and understands the importance of factors determining the emergence of the modern economy (S2A_W01, S2A_W02, S2A_W03, S2A_W08).
3 The student has in-depth knowledge of the mechanisms of the emergence of the capitalist economy in the Middle Ages and modern times (1000-1700 AD), has detailed knowledge of the mechanisms of the formation of local markets, national markets, the Atlantic market and the world economy, and understands the genesis of various types of economic policy (S2A_W03, S2A_W08).
4 The student understands the genesis of the economic changes leading to the emergence of Europe's superiority over the rest of the world during the Industrial Revolution, has an in-depth knowledge of the impact of industrialization on market development, and understands the social changes resulting from the industrialization process (S2A_W03, S2A_W04, S2A_W09).
5 Student has in-depth knowledge of the causes of the emergence of the first global market in history, understands the process of entrepreneurial evolution culminating in the emergence of the modern corporation and the impact of this process on the shape of markets. The student understands in detail the transformations of economic institutions and legal and organizational norms and, above all, the changes in forms of ownership, has in-depth knowledge of the structure of traditional and modern society and the place in it of the individual (S2A_W04, S2A_W05, S2A_W07, S2A_W09, S2A_W11).
6. Student understands the economic and political causes of the great inflation in Germany, the Great Depression and knows the various theoretical interpretations of the genesis of these events (Keynesianism, monetarism, Austrian school), has an in-depth knowledge of the economic causes of the outbreak of world wars and their consequences for the economy, understands the concept of de globalization and its significance for the economy (S2A_W08).
7 Student has an in-depth knowledge of the emergence and development of the welfare state and the economic theories that justified it, understands the impact of the introduction of welfare state principles on the functioning of markets, has an expanded knowledge of the new paradigms of economic policy (monetarism, supply-side economics). Student understands the causes and knows the course of economic crises after World War II. The student knows the types of economic policies based on export or import substitution and their theoretical interpretation. (S2A_W01, S2A_W02, S2A_W03, S2A_W08)
Skills:
The purpose of the course is to provide an opportunity to acquire advanced skills for analyzing economic phenomena over a long period of time using , comparative analysis and noticing the social, political, ecological and demographic context of economic processes. Student acquires the ability to look at economic phenomena and theories with some distance, recognizing the great cycles and economic processes, as well as the variability of economic views in the process of formation of the modern economy. The student is able to critically evaluate positivist and anti-positivist socio-economic explanations, recognizing their advantages and disadvantages. Through the semester-long work on the preparation and improvement of the paper, the student acquires the skills of working on the text, formulating research hypotheses, finding and organizing knowledge, information, analysis and interpretation of data.
S2A_U01, S2A_U02, S2A_U03, S2A_U05, S2A_U07, S2A_U08, S2A_U09, S2A_U10
1 The student is able to obtain data and search for information necessary in the preparation of an academic paper on a given topic using the Internet, libraries, etc. (S2A_U02). The student is able to independently formulate research problems and questions and justify their relevance in relation to the literature on the subject and identify economic theories that can be used in interpretation and analysis (S2A_U07, S2A_U08, S2A_U09). The student is able to independently analyze historical-economic data (of quantitative and qualitative nature). The student is able to prepare a paper with attention to the formal side in accordance with the rules of writing scientific papers and thesis (S2A_U09).
2 Student is able to prepare on the basis of independent analysis and interpretation of data and materials and present a speech on a given topic related to the issues of the course (S2A_U07, S2A_U10). Student is able to argue in the course of discussion referring to selected normative systems (moral, legal) in order to evaluate and interpret economic phenomena and processes (S2A_U05).
3. Student is able to conduct advanced comparative analysis of selected economic phenomena and processes in historical perspective, using economic tools (S2A_U02, S2A_U03, S2A_U08).
4 Student is able to use advanced knowledge of economic sciences to interpret the causes of changes in the medieval economy (game theory, growth theory) (S2A_U02), the process of economic change occurring in the 16th-17th centuries (property rights theory, neo-Malthusian concepts, public choice theory) and to explain the causes of the beginnings of the formation of the modern market economy in Western Europe (S2A_U03) and then the industrial economy and accompanying social-econ. (S2A_U02). He is able to analyze the causes and course of the industrial revolution (S2A_U03, S2A_U08), as well as the specifics of development in the era of modern economic growth.
5 Student has the ability to apply advanced macroeconomic knowledge to the analysis of the modern economy, the formation of national economies, and the analysis of globalization processes from the 19th century to the present (S2A_U01, S2A_U02). Student is able to analyze the economic reasons for the process of deglobalization (S2A_U03), the causes and course of the Great Depression and other post-war crises using Keynesian economics, monetarism, supply-side economics and the Austrian school (S2A_U02). Student has the ability to explain the processes of decolonization and regional economic integration after World War II, including with heterodox reference (S2A_U08).
6 Student is able to analyze with reference to economic analysis the consequences of social changes occurring from the Middle Ages to today (S2A_U03, S2A_U08).
7 Student is able to show the process of formation of proto-capitalist institutions in the medieval period (S2A_U08), and the subsequent failure and evolution of market economy institutions. Student is able to show the process of formation of proto-capitalist institutions in the medieval period (S2A_U08), and the subsequent failure and evolution of market economy institutions. The student is able to use the knowledge of microeconomics and institutional economics to analyze the evolution of the company model
Social competencies:
In terms of social competencies, the classes train advanced skills in working in a team, in planning and coordinating work and reliably fulfilling obligations. They also educate independent thinking, analysis of problems, search for information. The classes also provide the opportunity to train skills of communication, presentation, public speaking, as well as discussion, criticism, and defense of one's peeps. At the same time, in the course of discussion, students will have the opportunity to identify gaps in knowledge and realize the need to supplement it on a continuous basis. Absolute adherence to the rules of passing, deadlines for the submission of work, and zero tolerance for downloading further develop an attitude of responsibility and reliability.
S2A_K01, S2A_K02, S2A_K03, S2A_K05, S2A_K06
1 Students are able to independently search for information in the literature. Students are able to search for data and process and analyze it appropriately. Students are able to independently formulate a research problem and then prepare a paper on a given topic (S2A_K06 S2A_K03).
2 Students are able to organize a research team and share the work in this team. They are able to search for information and analyze it (S2A_K02 S2A_K05 S2A_K06).
3 They are able to defend their views, speak in public, critically analyze the statements of other class members and argue. They are able to discuss and defend their opinions. Students are aware of the areas of knowledge deficiencies and know how to fill them (S2A_K01 S2A_K02 S2A_K03).
Assessment criteria
For credit and grade, the students are expected to:
1. pass a written final exam
2. prepare oral presentation (ca. 45 min. long)
3. prepare a paper of 10-15 pages (18 - 27tsd. chars.)
4. participate actively in classes
5. Presence in class is mandatory, four absencies are allowed.
Bibliography
Mandatory
Cameron R. i L. Neale, Historia gospodarcza świata. Od paleolitu do czasów najnowszych. Warszawa 2004.
Kaliński J., Historia gospodarcza XIX i XX w., Warszawa 2008.
Recomended:
Braudel F., Kultura materialna, gospodarka i kapitalizm XV-XVIII wiek. T. I-III, Warszawa 1992.
Chandler A.D. jr., Strategy and Structure: Chapters in the History of the American Industrial Enterprise, Cambridge Mass. 1962.
Greif A., Institutions and the Path to the Modern Economy. Lessons from Medieval Trade, Cambridge 2006.
Himmelfarb G., The Road to Modernity. The British, French and American Enlightenments, London 2008.
Kotkin S., Magnetic Mountain. Stalinism as Civilization, Berkeley 1995.
Landes D.S., Bogactwo i nędza narodów. Dlaczego jedni są tak bogaci, a inni tak ubodzy, Warszawa 2000.
Landes D.S., Dynastie. Wzloty i upadki największych firm rodzinnych, Warszawa 2007.
Landes D.S., The Unbound Prometheus. Technological Change and Industrial Development in Western Europe from 1750 to the Present, Cambridge 1969.
Mączak A. Rządzący i rządzeni. Władza i społeczeństwo w Europie wczesnonowożytnej, Warszawa 1986.
North D.C., Structure and Change in Economic History. New York – London 1981.
North D.C., Institutions, Institutional Change and Economic Performance, Cambridge 1990
North D.C., Understanding the Process of Economic Change, Princeton – Oxford 2005
North D.C., P.R. Thomas, The Rise of the Western World. A New Economic History, Cambridge 1973.
Malia M. Sowiecka tragedia. Historia komunistycznego imperium rosyjskiego 1917-1991, Warszawa 1998.
Williamson O. E., Ekonomiczne instytucje kapitalizmu, Warszawa 1998.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: