Course Introduction

This course offers a comprehensive survey of world economic history, designed to introduce economics graduate students to the subject matter and methodology of economic history. Topics are chosen to show a wide variety of historical experience and illuminate the process of industrialization.

Course Objectives & Learning Outcomes

On successful completion of this course, students will be able to:

  • learn how economic growth is transferred from one economy to another
  • outline the development of the world economy from 1800 to present
  • learn how the nature of the international economy affects the transfer of economic growth
  • critically assess the historical evidence for different models of trade and growth
  • outline the causes and economic consequences of the flows of capital and labour in the 19th Century world economy
  • explain the importance of political economy and trade policy in shaping global economic outcomes

critically assess the historical evidence for the various socio-economic factors such as living standard, fertility, life expectancy, industrial revolution and growth convergence


Microeconomics-I and Macroeconomics-I

Texts and References

  • Cameron, R. and Neal, L.(2003), A Concise Economic History of the World: From

Paleolithic Times to the Present, (4thedition), New York: Oxford University Press.

  • Clark, Gregory (2007). A Farewell to Alms: A Brief Economic History of the World, Princeton University Press.
  • Eichengreen, B. (1996), Globalizing Capital, Princeton: Princeton University Press.
  • Findlay and O’Rourke (2007) Power and Plenty: Trade, War, and the World Economy in the Second Millennium, Princeton University Press.
  • Kenwood, A.G. and Lougheed, A.L. (1999), The Growth of the International Economy, 1820-1990: An Introductory Text, (4th edition), London: Routledge.
  • Maddison, A. (2001), The World Economy: A Millennial Perspective, Paris: OECD
  • O’Rourke and Williamson (1999), Globalization and History: The Evolution of a 19 Century Atlantic Economy, MIT Press.