Teaching plan for the course unit

 

 

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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

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

 

-  Lecture with practical component

Face-to-face

 

45

 

-  Document study

Face-to-face

 

15

Supervised project

40

Independent learning

50

 

 

Recommendations

 

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.

Economic history must also serve to provide historical perspective on current debates. The consequences of globalisation, the emergence of new and influential actors in the world economy such as China, the industrialisation of large parts of the world, and the short- and medium-term challenges of environmental sustainability are all contemporary issues that must be understood within a long-term historical framework.

Likewise, this subject should help students appreciate the importance of adaptation by all economic agents — households, firms, and governments — to an ever-changing reality. It is essential to recognise the profound economic transformations that have taken place in the world economy over recent centuries, from technological change to globalisation, as well as the associated social transformations, such as the evolving role of women in the economy and in society over time.

To develop a sound understanding of economic history, students should possess a basic knowledge of the relevant historical context, particularly as it relates to contemporary economic developments. Those who do not yet have this background are expected to make a sustained effort to acquire it as the course progresses.

 

 

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.

Learning objectives

 

Referring to knowledge

  • Be able to recognise the principal trends, stages and causes of change in the international economy over time.
  • Understand how different, interconnected historical processes have contributed to the diversity and complexity of the contemporary world.
  • Recognise that economic growth is a dynamic and historically contingent concept.

 

Referring to abilities, skills

  • Employ the language, reasoning, and analytical tools of economics in the interpretation of historical phenomena.
  • Apply logical and critical reasoning to evaluate the potential consequences of specific economic policies within their historical context.

 

Referring to attitudes, values and norms

  • Demonstrate a consistent level of effort and intellectual engagement throughout the course.
  • Appreciate the importance of adaptability and openness to change in a dynamic and evolving world.

 

 

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

 

 

Teaching methods and general organization

 

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.

 

 

Official assessment of learning outcomes

 

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.

 

 

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  Enllaç
Versió en castellà (2013)  Enllaç

FELIU, Gaspar; SUDRIÀ, Carles (2013) Introducció a la història econòmica mundial. Publicacions de la Universitat de València, València (3ª edició).

Catàleg UB  Enllaç

PALAFOX, Jordi (ed.) (2014) Los tiempos cambian. Historia de la economía. Tirant Humanidades, València.

Catàleg UB  Enllaç
Versió en línia (2014)  Enllaç

TELLO, Enric (coord.) (2012) Com hem arribat fins aquí. Una introducció a la història econòmica global. UOC, Barcelona.

Recurs electrònic extern  Enllaç

ZAMAGNI, Vera (2017) An economic history of Europe since 1700. Columbia University Press, New York.

Catàleg UB  Enllaç