A Historical Introduction to the World Economy
Area of Study
Economics, History, International Studies
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units0
Hours & Credits
International trade up to c.1450. The creation of a world economy in the 16thC. The Commercial Revolution and the development of capitalism up to c.1800. The Industrial Revolution and its global impact. Technology and societal transformation. Changes in the nature of industrial production and business enterprise. The economic role of primary producers. World War I, the post-war boom, and the Great Depression. Classical economics and Keynesianism. Soviet and Fascist economic experiments. World War II. Economic development and technology since 1945. International trade and finance. Multi-nationals. Globalization.
- Understand the development of world economy from feudalism to globalization, different economic theories and discourses in the economy.
- Understand contemporary debate on the world economy.
Objectives of development/revision:
To revise the course in the light of contemporary understanding
Expected outcome of students’ skill and knowledge:
Students are expected to understand the development of the world economy from feudalism to globalization, different economic theories and discourses in the economy and contemporary debates on the world economy
Lecture, Powerpoint, audio and video materials, in class seminar discussion based on readings.
Courses and course hours of instruction are subject to change.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations