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General information |
Course unit name: World Economic History
Course unit code: 366714
Academic year: 2025-2026
Coordinator: Julio Martinez Galarraga
Department: Department of Economic History, Institutions and Policy and World Economy
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
45 |
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- Document study |
Face-to-face |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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The primary objective of this subject is to equip students with the ability to understand the economic forces underpinning the complex and dynamic nature of contemporary society, through the use of the economist’s analytical “toolbox”. The study of economic history requires the careful and reasoned selection of appropriate macroeconomic and microeconomic concepts, as well as the effective application of analytical tools beyond the abstract framework of pure theory. The course also encourages students to make intellectual ties with other areas of study within the degree, including applied economics, economic policy, public finance, international economics, statistics, and econometrics. |
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Competences / Learning outcomes to be gained during study |
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Capacity for learning and responsibility (capacity for analysis, synthesis, to adopt global perspectives and to apply knowledge in practice, and capacity to take decisions and adapt to new situations). |
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Capacity to adapt to dynamic environments. |
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Capacity to prepare, analyse and interpret economic information. |
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Understanding of the history and development of economic ideas and of current economic realities in different territorial settings. |
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Learning objectives |
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Referring to knowledge
Referring to abilities, skills
Referring to attitudes, values and norms
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Teaching blocks |
1. Pre-industrial economies and the origins of the Great Divergence
1.1. Historical evolution of the global economy and the origins of the Great Divergence
1.2. Demographic patterns and regimes in the pre-industrial era: Malthus and the Great Divergence
1.3. The dynamism of Great Britain and the Netherlands in the modern era: agriculture, trade and manufacturing
2. The Industrial Revolution, 1760-1850
2.1. Determinants of the Industrial Revolution: institutions, factor endowment and markets
2.2. Technical and organisational change: causes and consequences
2.3. Productivity growth and income distribution: the standard of living debate
3. The First Economic Globalisation, 1850-1914
3.1. The Second Industrial Revolution and the emergence of new economic powers
3.2. The integration of trade, capital and labour
3.3. The effects of globalisation and the seeds of its destruction: economic policy, growth in inequality and imperialism
4. War, depression and deglobalisation, 1914-1950
4.1. The First World War and its economic consequences
4.2. The slow path to the abyss: the unbalanced growth of the 1920s
4.3. The Great Depression: causes, diffusion and policy repsonses
5. The Golden Age of the World Economy, 1950-1973
5.1. The Second World War and economic reconstruction
5.2. Global economic growth: factors, policies and models
5.3. Convergence, divergence and inequality during the Golden Age
6. From the oil crisis to the recent phase of globalisation
6.1. The crisis of the 1970s and the shift to neoliberalism
6.2. Technology Change in the Third Industrial Revolution
6.3. Globalisation, delocalisation and emerging economies
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Teaching methods and general organization |
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The methodology adopted to teach this course combines formal lectures with practical activities. Students attend two types of class: lectures, albeit with a marked practical component, and practical, document-based seminars. The former involve both the presentation and critical discussion of the topics set out in the course syllabus.
The latter focus on specific issues introduced in the lectures, with the aim of clarifying or extending students’ understanding of the subject. These sessions use a variety of supporting materials (texts, graphics, tables, case studies, etc.).
The lectures are intended to provide students with the conceptual framework and resources necessary to achieve the learning objectives defined for the course, including the development of the common, cross-disciplinary competences outlined in this plan. In the seminars, students are required to complete activities designed to enhance their capacity for decision-making and adaptability to new situations, also in line with the common, cross-disciplinary competences outlined in this plan.
The GIE group is taught using a different methodology, as specified in the corresponding course plan. |
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Official assessment of learning outcomes |
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Students are assessed as follows:
1. Final examination (60% of the final grade). The final examination is worth a maximum of six points. To pass the course, students must obtain a minimum of 2.5 points on this exam.
Note that even if the student obtains a final weighted average between the final examination and the practical components of 5 or higher, he or she cannot pass the course unless they achieve at lest 2.5 points on the exam. In such cases, students are awarded a final grade of 4.
2. Practical activities (40% of the final grade). Students complete at least four individual or group activities throughout the semester. Each is worth up to 1 point.
3. Lecturers may, at their discretion, incorporate additional components for assessment, such as in-class activities and and tasks completed outside scheduled teaching hours. These are worth up to a maximum of 1 point.
4. Assessment includes activities designed to evaluate the students’ capacity for autonomous learning, decision-making and adaptability to new situations, in line with the common, cross-disciplinary competences described in this course plan.
5. Repeat assessment measures the degree to which the learning objectives have been achieved and is carried out in accordance with the procedures defined for this purpose by the Faculty of Economics and Business.
6. All of the above conditions apply equally to students enrolled in the English-language group, with the exception that all assessment tasks have to be completed in English.
7. Students enrolled in the GIE group follow a distinct assessment methodology, as specified in the corresponding course plan.
Examination-based assessment Students who opt not to participate in continuous assessment may request the single mode of assessment. Here, the following conditions apply:
1. Students must make this decision known by the date of the final examination.
2. The final examination is compulsory and carries a maximum of 10 points.
3. Repeat assessment measures the degree to which the learning objectives have been achieved and is carried out in accordance with the procedures defined for this purpose by the Faculty of Economics and Business.
4. All of the above conditions apply equally to students enrolled in the English-language group, with the exception that all assessment tasks have to be completed in English. |
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Reading and study resources |
Check availability in Cercabib
Book
ALLEN, Robert C. (2011) Global economic history. A very short introduction. Oxford University Press, Oxford.
Catàleg UB
Versió en castellà (2013)
FELIU, Gaspar; SUDRIÀ, Carles (2013) Introducció a la història econòmica mundial. Publicacions de la Universitat de València, València (3ª edició).
PALAFOX, Jordi (ed.) (2014) Los tiempos cambian. Historia de la economía. Tirant Humanidades, València.
Catàleg UB
Versió en línia (2014)
TELLO, Enric (coord.) (2012) Com hem arribat fins aquí. Una introducció a la història econòmica global. UOC, Barcelona.
ZAMAGNI, Vera (2017) An economic history of Europe since 1700. Columbia University Press, New York.