ECON 7050 - International Economic History IIID

North Terrace Campus - Semester 2 - 2014

The course surveys the evolution of the international economy since the industrial revolution, with emphasis on the period since 1945 and on topics which are relevant to an understanding of current economic issues. The distinguishing feature of the course is analysis of long-run phenomena such as sustained economic growth or the impact of economic institutions which have long-lasting effects. The topics covered typically include international trade, finance and migration, differences in national rates of economic growth and in economic systems, and sources of economic instability.

  • General Course Information
    Course Details
    Course Code ECON 7050
    Course International Economic History IIID
    Coordinating Unit School of Economics
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Corequisites ECON 7011, ECON 7071
    Restrictions Available to MFinBusEc, ProCertPubPolicy, GradCertEc, GradCertIntEc, GradDipIntEc, GradDipAppEc, MAppEc(Int), & MAppEc students only
    Course Description The course surveys the evolution of the international economy since the industrial revolution, with emphasis on the period since 1945 and on topics which are relevant to an understanding of current economic issues. The distinguishing feature of the course is analysis of long-run phenomena such as sustained economic growth or the impact of economic institutions which have long-lasting effects. The topics covered typically include international trade, finance and migration, differences in national rates of economic growth and in economic systems, and sources of economic instability.
    Course Staff

    Course Coordinator: Dr Florian Ploeckl

    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course students will be able to:

    1 Understand the main concepts used to explain the historical development of the global economy and the factors affecting growth in the short and long-run
    2 Select and apply the appropriate economic tools and methods to analyse historical episodes and understand the main advantages and disadvantages of the respective approaches
    3 Identify and analyse historical developments relevant to a deeper understanding of contemporary economic conditions
    4 Identify and critically review the relevant literature, synthesize the central arguments and critically evaluate their relative merits
    5 To discuss and communicate, in particular present, economic topics in a clear, concise and competent manner
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-3
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 3,4
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 2,3,4
    Skills of a high order in interpersonal understanding, teamwork and communication. 5
    A proficiency in the appropriate use of contemporary technologies. 4,5
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1-4
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1-5
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1-5
  • Learning Resources
    Required Resources
    This is a reading-intensive course, and you are expected to read widely following your own initiative. All of the required readings are available from the Barr-Smith Library either electronically or in hard copy.

    If you are uncertain about how to access online articles, e-books or other materials you should take the BSL Online Discovery Tour at http://www.adelaide.edu.au/library/help/tutorials/ .

    If a book is on loan, place a recall and the book should be available within a week http://www.adelaide.edu.au/library/tutorials/tut08/demo8.html.

    This is important for BSL staff to judge demand; if there are multiple requests for a book, the library will take action to increase availability.

    The minimum reading to prepare for the final exam is contained in:
    1. The textbook for the course is Richard Pomfret: The Age of Equality: The Twentieth Century in Economic Perspective (Harvard UP, 2011).
    2. Selected articles and book chapters listed in the reading list.

    This list of readings for each week's tutorial topic will be posted on MyUni. These readings provide a starting point for the required essay, but students are expected to identify and incorporate additional literature and material on their own initiative.
    Recommended Resources
    If you are uncertain about how to access online articles, e-books or other materials you should access the library tutorials at http://www.adelaide.edu.au/library/help/tutorials/ . Additionally the library has a resource guide for economics which might be helpful in this regard, http://libguides.adelaide.edu.au/economics

    The following readings are intended as references, especially if you are concerned about gaps in your background.

    For data for the essay consult: Angus Maddison: The World Economy: vol.1 A Millennial Perspective, vol.2 Historical Statistics (OECD Development Centre, Paris – the first volume published in 2001, vol.2 in 2003, and combined volume in 2006) - online ebook through BSL and on Reserve in BSL

    Historical Background: Jeffry Frieden: Global Capitalism: Its Fall and Rise in the Twentieth Century (Norton, 2006)

    Economics Background: This is a level III subject and background in intermediate micro and macro theory is assumed. The course also has a strong emphasis on international themes. If you are not familiar with the following analytical tools, these readings will help:

    Economic Growth:
    - less technical -- R. Pomfret: Development Economics, 22-3 (Harrod-Domar), 51-4 (neoclassical), 216-9 (endogenous growth theories) 
    - more advanced -- R. Barro and X. Sala-i-Martin Economic Growth (McGraw Hill, 1995; 2nd ed. MIT Press, 2003)

    International Trade and Finance:
    - R. Feenstra and A. Taylor, International Economics or P. Krugman and M. Obstfeld, International Economics
    - R. Pomfret, Lecture Notes on International Trade Theory and Policy (World Scientific Publishing Company, Singapore, 2008).
    Online Learning
    This course will make use of MyUni. Lecture slides and selected readings will be posted through this system.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    This is a reading- and writing-intensive Economics course. The lectures focus on key issues and ideas, introducing the main concepts used in Economic History. Tutorials require the preparation and active participation by students in the discussion of the key issues introduced in the lectures. Additionally students are asked to give presentations demonstrating their ability to understand and communicate the relevant literature. The essay, based on the tutorial presentation, requires students to conduct some independent reading and research beyond the core material of the course.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that, for this course, you are expected to commit approxmately 12 hours per week including lectures and tutorials
    Learning Activities Summary
    LECTURES
    Lecture Topic
    Week 1        Introduction / Industrial Revolution
    Week 2 First Globalization (Trade & Money)
    Week 3 First Globalization (Technology & Migration)
    Week 4 Interwar Boom (and Bust)
    Week 5 The Great Depression
    Week 6 Post-War Reconstruction and European Integration
    Week 7 Shocks to the system, the impact of the 70's
    Week 8 Development strategies from the 50's to the 90's
    Week 9 A Change in Policy: the monetary revolution and debt crisis in the 80's
    Week 10 (Post-) Communisms: Rise, Fall, Transitions and Reunification
    Week 11 China & Asian Regionalism
    Week 12 TBA (based on student survey)

    Although this list of lecture topics is preliminary, no major change is envisioned.

    TUTORIAL TOPICS
    Classes will be held weekly commencing the second week of Semester and cover material related to the lecture of the week prior. A list of particular questions for discussion in the tutorials will be posted on MyUni. Specific additional tutorials for the IIID students will be held in weeks 4, 8 and 12 and integrate the topics until then.

    Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Tutorial presentation 10%
    Essay 30%
    Final Exam 60%
           
    Assessment Related Requirements
    Due to the nature of Economic History and reading/writing/communication intensity of this course the quality of English expression is considered to be an integral part of the assesment and may affect the mark.
    Assessment Detail
    Tutorial Presentation
    The list of tutorial topics/questions will be posted on MyUni in advance. Your choice will be approved by the lecturer in charge of the special tutorials for IIID. You will be expected to give a discussion of your answer in the tutorial appropriate to your topic.

    Essay
    Each tutorial topic will contain a set of essay questions. When selecting a tutorial topic an essay question for this topic has to be selected as well, which also has to be approved by the lecturer. The essay, approximately 3,000 words long, must be handed in to the Tutor-in-Charge no later than the due date stated on the list of Tutorial Topics.

    All individual assignments must be attached to an Assignment Cover Sheet which must be signed and dated by the student before submission. Lecturers will withhold student’s results until such time as the student has signed the Assignment Cover Sheet. Students must retain a copy of submitted assignments. Students must not submit work for an assignment that has previously been submitted for this course or any other course.

    Referencing is critical to any assignment or report. If you are not confident on how to reference correctly ask your lecturer or look at the study resources web page: http://www.adelaide.edu.au/clpd/lls/stud_resources/  or https://petey.services.adelaide.edu.au/webapps/login
    Correct referencing will avoid plagiarism problems.


    Final Exam
    The final examination will require students to write extended essay style answers to three questions. Sample exam questions will be posted on MyUni. The final exam will cover the entire course. All material from the lectures, the readings listed, or the tutorials is examinable; wider reading and deeper thinking are likely to be rewarded by higher grades. Students’ work will be assessed on the logical quality of the arguments presented and on the ability to determine which arguments better explain the facts. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process; marks may be deducted in the final examination because of poor hand-writing.

    Examinations will be held only at the time and locations stated in the University’s Examination Timetable so may not be taken in another country. Students should not make any arrangements to be absent until after the examination period. It is each student's responsibility to read the examination timetable. Misreading the timetable is not accepted as grounds for granting a supplementary exam. Students may NOT take a DICTIONARY (English or English-Foreign) or a CALCULATOR into the examination.

    Plagiarism
    Plagiarism is a serious act of academic misconduct. The School adheres strictly to the University’s policies on examination and assessment. The University’s Policies on Assessment, including plagiarism and other forms of cheating, can be found at: http://www.adelaide.edu.au/policies/230/ - Plagiarism http://www.adelaide.edu.au/policies/1963/ - Cheating

    Help on avoiding plagiarism can be found at: http://www.adelaide.edu.au/clpd/plagiarism/students/
    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.