Economic History

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Economic History

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business Administration, Economics, History

  • Language Level

    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.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Economic History
    Bachelor in Business Administration
    Departamento de Ciencias Sociales
    Basic Core
    ECTS Credits : 6.0
    Semester : 2
    Course : 1

    . A first approximation to the evolution of living standards over the last 2,000 years.
    . The causes and consequences of industrialization in the West.
    . The determinants of catch-up and convergence or their absence in various parts of the world in different time periods.
    . The evolution of the international economy from the early modern period to the present.
    . The role of institutions in the process of development.

    Skills and competences:
    . Development of individual learning routines via the analysis of relevant texts in economic history and the collection and analysis of historical evidence.
    . Development of group-based learning routines via group-based discussion and the oral and written presentation of work by teams.
    . Development of verbal and written communication skills.
    . Develop the ability to raise questions and answer them using economic analysis.

    1. Modern economic growth.
    2. Population and natural resources.
    3. Markets and institutions.
    4. Technological change and economic growth..
    5. The modern firm.
    6. Globalization.
    7. The modern state and economic growth.

    Students will acquire the knowledge and skills through lectures, the handing of the work assigned by the teachers and its discussion in class. Skills and attitudes will be enhanced by the individual and teamwork performed by the students and their discussion in class. The tutorials moreover will also try to open up the discussion to the students via the collective analysis of tables, graphs or texts and the use of questions and multiple choice tests on the main concepts discussed in the lecture.
    The course will keep the following schedule: Students will have access to the following material: at the beginning of the course, a reading list will be assigned to each topic. Students will have access to all the graphic material used in class: graphs, tables, maps, power point slides. The tasks to be performed by the students will be handed out in the class tutorials. The students according to the calendar and relevant deadlines provided by each professor will hand in these tasks. The lectures present the concepts, theories and models that can be applied to each topic and develop the main historical narrative of the course. The activities developed during the tutorials are designed to stimulate the students to use the analytical concepts developed in the course to understand past situations and
    develop a deeper comprehension of current economic problems.
    There will be at least one tutorial in the last weeks of the course in which the student will have the
    chance to clarify doubts about the main concepts and models used in the lectures, as well as doubts aboutassessment and the schedule of the course.

    The final exam will represent a maximum 60 per cent of the final mark. To pass the course a minimum mark in the
    final exam might be established. There will be continuous controls throughout the course to make students read
    and prepare the class materials. Marks from these controls and class exercises will count an important percentage
    of the final mark. Both the exams and the controls serve the purpose of evaluating the degree of knowledge
    acquired by the student, his or her ability to transfer this knowledge into a similar context and adapting these ideas
    to new situations.
    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40

    - Allen, Robert C. Global Economic History: a very short introduction, Oxford: Oxford University Press, 2011
    - Cameron, Rondo and Neal, Larry A Concise Economic History of the World. From Paleolithic Times to the
    Present. , Oxford: Oxford University Press., 2003
    - Persson, Karl Gunnar An Economic History of Europe. Knowledge, Institutions and Growth, 600 to the Present,
    Cambridge, UK: Cambridge University Press, 2010
    - Acemoglu, D. and Robinson, J. Why Nations Fail. The origins of Power, Prosperity, and Poverty, New York:
    Crown Business, 2012
    - Aldcroft, Derek H. The European economy, 1914-2000, London and NY: Routledge, 2001
    - Allen, Robert C. The British Industrial Revolution in Global Perspective, Cambrige: Cambridge University Press,
    - Broadberry, S, and O¿Rourke Kevin H. Cambridge Economic History of Modern Europe, Cambridge: Cambridge
    University Press, 2010
    - Chandler, Alfred D. Scale and Scope. The Dynamics of Industrial Capitalism. Cambridge, Cambridge, MA:
    Harvard University Press, 1990
    - Clark, G. A Farewell to Alms, Princeton: Princeton University Press., 2007
    - Eichengreen, Barry Globalizing capital. A history of the international monetary system, Princeton: Princeton
    University Press., 1996
    - Eichengreen, Barry The European economy since 1945, Princeton: Princeton University Press, 2007
    - Epstein, S. R. Freedom and Growth. The rise of states and markets in Europe, 1300-1750, London and New
    York: Routledge, 2000
    - Findlay, R. and O¿Rourke, K.H. Power and Plenty: Trade, War, and the World Economy in the Second
    Millennium, Princeton: Princeton University Press, 2007
    - Livi-Bacci, Massimo A Concise History of World Population, Oxford: Blackwell, 1992
    - Lindert, P. H. Growing public: social spending and economic growth since the eighteenth century, Cambridge:
    Cambridge University Press, 1994
    - Maddison, Angus Dynamic Forces in Capitalist Development, Oxford: Oxford University Press, 1991
    - Maddison, Angus The World Economy: A Millennial Perspective, Paris: OECD, 2001
    - Milanovic, B. Worlds apart. Measuring International and Global Inequality, Princeton and Oxford: Princeton
    University Press, 2005
    - Mokyr, Joel The Lever of Riches: Technological Creativity and Economic Progress, Oxford: Oxford University
    Press, 1990
    - Mokyr, Joel The British Industrial Revolution. An Economic Perspective, Boulder, CO: Westview Press, 1990
    - North, Douglass C. and Thomas, Robert P. The Rise of the Western World: A New Economic History, UK:
    Cambridge University Press, 1989
    - O'Rourke, Kevin and Williamson, Jeffrey G. Globalization and History: the Evolution of the 19th Century
    Economy, Cambridge, MA: The MIT Press, 1999
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    - Sachs, Jeffrey D. The End of Poverty. Economic Possibilities for Our Time, New York: Penguin Books, 2006
    - Temin, P. Lessons from the Great Depression, Massachusetts: MIT Press, 1989
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Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

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

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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