ECONOMIC HISTORY: WORLD ECONOMY AND THEORY - 2017/8
Module code: ECO3053
GOLSON EB Dr (Economics)
Number of Credits
FHEQ Level 6
Module cap (Maximum number of students)
Overall student workload
Lecture Hours: 20
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||CLASS TEST (1 HOUR 15 MINUTES - MULTIPLE CHOICE AND SHORT ANSWER QUESTIONS)||30|
|Examination||EXAMINATION (2 HOURS: SHORT ANSWER QUESTIONS AND LONG ESSAYS)||70|
Prerequisites / Co-requisites
This module provides a general overview of how the world economy has evolved, focusing on the success of particular countries’ and regions; economic development over time. Long-term changes in population, productivity and industrial capacity are examined and quantified. The role of strong formal and informal institutions in economic development are considered. The module includes analyses of the original leading industrial nation, Great Britain, and the rise of the United States. The development of continental Europe and periphery countries will also be discussed along with the effects of the Great Depression, World Wars and other global crises.
To familiarise students with the ways in which micro-economic and other analytical tools can illuminate our understanding of the historical understanding of economic development.
|Display knowledge of the chronology of economic development from the First Industrial Revolution to modern times||KC|
|Explain how technological change and innovation have helped shaped economic and business development||KC|
|Discuss historical developments of economic actors, institutions and society||KC|
|Comprehend the causes of economic crises and the solutions offered by different schools of thought||K|
|Evaluate the role of economic investment, research and development, and technological policy in the shaping of the economy and economic history||KCPT|
|Display knowledge of the nature of differences in long-term economic development||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Indicative content includes:
The Great Divergence
The Demographic Transition
The British Industrial Revolution
Rise of the USA to Global Pre-Eminence
Globalisation; the Gold Standard in Theory and Practice
The European Golden Age
Modern Economic Institutions
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
Build an appreciation of how ideas and theories are developed and evolve to address issues of importance.
Allow students to communicate their knowledge of relevant economic theories and ideas in (group) discussions effectively.
The learning and teaching methods include:
Lectures with opportunties for discussion and group work (2 x 10 hours, excluding test)
The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of how theories and ideas are being developed, and how the environment relates to this evolution. It is designed to allow students to show that they have a basic understanding of how economics of a discipline has evolved, as well as stimulate discussions to allow students to question the validity of assertions.
Thus, the summative assessment for this module consists of two units of assessment:
An in-class test (1 Hour 15 minutes around week 7) worth 30% of the module mark. Consists of short answer questions requiring a broad engagement with the material.
An examination (2 Hours) requiring two short answers (33%) and two essays (66% of the exam mark). The two essays can be selected from a list of seen topics released prior to the examination.
Formative assessment and feedback
Formative assessment and feedback is given through discussion in lectures, many of which will be team-centered, in which students are asked to prepare and present (in rival groups) the case for one school of thought against another. Further, feedback is provided for the class test, and general questions posted in lectures / online. Office hours provide further opportunities for individual feedback and discussion.
Reading list for ECONOMIC HISTORY: WORLD ECONOMY AND THEORY : http://aspire.surrey.ac.uk/modules/eco3053
Programmes this module appears in
|Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Economics and Finance BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Business Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Economics and Mathematics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Liberal Arts and Sciences BA (Hons)/BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.