An Introduction to Economic and Business History

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Teaching language: English
EKA: B540000122, B540000102
Censorship: Second examiner: None
Grading: 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Bachelor

Course ID: B540000101
ECTS value: 10

Date of Approval: 24-03-2020


Duration: 1 semester

Course ID

B540000101

Course Title

An Introduction to Economic and Business History

Teaching language

English

ECTS value

10

Responsible study board

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Date of Approval

24-03-2020

Course Responsible

Name Email Department
Paul Richard Sharp pauls@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi, Econometrics and Economic History, HEWI, HEDG

Offered in

Odense

Level

Bachelor

Offered in

Autumn

Duration

1 semester

Recommended prerequisites

No specific prerequisites, but a knowledge of elementary economics is desirable.

Aim and purpose

This course will equip students with a basic understanding of the main topics in economic and business history, in particular through examples taken from the economic history of Europe. An understanding of history is increasingly being recognized as crucial for economists, for example through the lessons for developing countries today from past industrialization experiences, and from previous financial crises such as the Great Depression of the 1930s for today's challenges. Economic history describes how economies have developed over time, and how economic theory and methodology can help us understand and explain this. Business history teaches how firms have developed over time, and how ‘the firm’ has interacted with the evolution of economic, technological and political systems.
The course will be valuable if students wish to follow further courses involving economic history, including the graduate courses ‘Economic Growth’ and ‘Macroeconomics and History’. It will also help students to incorporate historical understanding into their work with other branches of economics, as well as provide important lessons for understanding how firms adapt to their environment.

Content

The Pre-industrial World 
  • Competing views of pre-industrial growth: Malthus vs. Smith.
  • Population, economic growth and resource constraints.
  • The demographic transition.
  • Measurement issues. 

Institutions and Growth 
  • Institutions and efficiency.
  • Market performance in history.
  • The evolution of labour markets.
  • Co-operatives.
  • Contracts. 

Knowledge, Technology Transfer and Convergence 
  • The industrial revolution.
  • Technology transfer and catch-up. 

Money, Credit and Banking 
  • The origins of money.
  • The emergence of paper money.
  • The impact of banks on economic growth. 

Trade, Tariffs and Growth
  • The comparative advantage argument for free trade.
  • Trade patterns in history.
  • Trade policy and growth. 

International Monetary Regimes in History 
  • Why is an international monetary regime necessary?
  • Lessons from history for today. 

The Era of Political Economy 
  • The long farewell to economic orthodoxy.
  • Successes and failures of macroeconomic management in the second half of the twentieth century.
  • Socialist economies.
  • The welfare state. 

Inequality Among and Within Nations 
  • Why is there inequality?
  • Measuring inequality.
  • Gender inequality.
  • World income distribution. 

Globalization and its Challenge to Europe 
  • Globalization and the law of one price.
  • What drives globalization?
  • Globalization backlash! 

Business History 
  • The company between the preindustrial era and the First Industrial Revolution.
  • The birth and consolidation of big business.
  • State and market in the interwar period.
  • From World War Two to the Third Industrial Revolution. 

Finding and using historical data and sources
  • Where to find online and other published databases.
  • Where to find archival and other historical sources.
  • Using historical data and sources. 

Description of outcome - Knowledge

Demonstrate knowledge about the course’s focus areas enabling the student to:
  • Identify, explain, and reflect upon the main topics within economic and business history
  • Explain and reflect upon different explanations for pre-industrial and modern growth, including demography, institutions,
  • nowledge, and technology
  • Explain and reflect upon the economic history of money
  • Describe and identify the main developments in the history of trade
  • Describe and identify the main international monetary regimes in history
  • Describe the changes in inequality over time, and explain how to measure this
  • Describe and reflect upon the history of globalization and the challenges it presents
  • Describe and reflect upon the evolution of the firm

Description of outcome - Skills

Demonstrate skills, such that the student is able to:
  • Use simple data methods to analyse historical data
  • Apply economic theory as it relates to economic and business history
  • Present and summarize academic work (for example journal articles) relating to economic history

Description of outcome - Competences

Demonstrate competences, such that the student is able to:
  • Independently apply models and theories related to economic and business history
  • Identify a need for further development of the models and theories related to economic and business history 

Literature

Examples:
  • Persson, K.G. and P. Sharp (2015), “An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present”, 2nd edition, Cambridge University Press [and online material on the book’s website]. 
  • F. Amatori and A. Colli (2011), “Business History: Complexities and Comparisons”, Routledge. Selected sections.

Teaching Method

There will be 30 lectures of 2 hours each. 2 of these hours per week will be devoted to going through the required reading. Students are expected to have read the reading material before they come to class. The other 2 hours will focus on student presentations of relevant articles and books related to the curriculum, as well as preparation for writing bachelor and master’s theses incorporating economic history. In relation to the presentations, the students will write a short one page summary of the paper they have been allocated, which will form the basis of class discussion.

The lectures will be supplemented by exercise classes which will allow the students to go into depth with certain topics from the lectures through simple exercises and class discussions.

Workload

Scheduled classes: 

4 lectures weekly for 15 weeks. 

2 exercise classes weekly for 14 weeks


Workload:

The students' workload is expected to be distributed as follows: 

Lectures - 60 hours
Exercises – 28 hours
Writing 1 page summary and preparing for the presentation – 30 hours
Preparation - 152 hours
Total 270 hours.

Examination regulations

Exam

Name

Exam

Timing

Class presentation (part 1)

Exam: During lectures
Reexam: February

Written exam (part 2)

Exam: January
Reexam: February 

Rules

-3 is not allowed, 00 is not allowed

Tests

Class presentation (part 1)

Name

Class presentation (part 1)

Form of examination

Home assignment with oral defense

Censorship

Second examiner: None

Grading

7-point grading scale

Identification

Student Identification Card - Date of birth

Language

English

Duration

During the semester

Length

An in class presentation and a 1 page summary of a paper.

Examination aids

All exam aids allowed.

Assignment handover

Digital exam

Assignment handin

Hand-in Digital exam

ECTS value

2

Additional information

Part 1 weighs 20% in the final grading of the course.

Exam in part one for exchange and guest students is similar and will be conducted in the same format as for the ordinary students.

Re-examination

Form of examination

Home assignment

Identification

Student Identification Card - Exam number

Duration

Date for submission will appear from the examination plan.

Examination aids

All exam aids allowed.

Assignment handover

Digital exam

Assignment handin

Hand-in Digital exam

Additional information

 A 4 page summary of a paper.

EKA

B540000122

Written exam (part 2)

Name

Written exam (part 2)

Form of examination

Written in situ exam

Censorship

Second examiner: None

Grading

7-point grading scale

Identification

Student Identification Card - Exam number

Language

English

Duration

3 hours.

Length

No limitations.

Examination aids

No exam aids are allowed.

Assignment handover

In the examination room.

Assignment handin

Hand-in Digital exam

ECTS value

8

Additional information

Part 2 weighs 80% in the final grading of the course.

Re-examination

Form of examination

Oral exam

Identification

Student Identification Card - Date of birth

Duration

20 minutes

Additional information

The reexam of part 2 will be a 20-minutes oral exam with no preperation.

EKA

B540000102

External comment

NOTE - This course is identical with the former course 8105411 An Introduction to Economic and Business History.
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

SPECIAL CONDITIONS FOR THE EXAMS IN WINTER 20/21:
Examinations will be conducted online.
The exam is changed so all aids exept communication with others are allowed.

Courses offered

Period Offer type Profile Programme Semester
Fall 2020 Optional International Business - Odense Bachelor of Science in Economics and Business Administration | Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2020 Optional Generel Erhvervsøkonomi - Esbjerg Kolding Odense Slagelse Bachelor of Science in Economics and Business Administration | Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2020 Optional Marketing og Brand Management - Odense Bachelor of Science in Economics and Business Administration | Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2020 Optional Business Management - Odense (Enrollment from September 1st 2017 - last intake September 1st 2018) Bachelor of Science in Economics and Business Administration | Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2020 Optional BA negot Tysk, 180 ECTS, Optag 2018 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2020 Optional BA negot Engelsk, 180 ECTS, Optag 2018 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2020 Optional BA negot Tysk, 180 ECTS, Optag 2019 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2020 Optional BA negot Engelsk, 180 ECTS, Optag 2019 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2020 Optional 2018-studieordningen for HA(jur.)-uddannelsen Bachelor of Science (BSc) in Business Administration and Law | Odense
Fall 2020 Optional BSc.oecon (Erhvervsøkonomisk linje aktuel F20) BSc in Economics | Bachelor of Science in Economics | Odense
Fall 2020 Optional BSc.oecon (Samfundsøkonomisk linje aktuel F20) BSc in Economics | Bachelor of Science in Economics | Odense
Fall 2020 Exchange students

Teachers

Name Email Department City
Paul Richard Sharp pauls@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi, Econometrics and Economic History, HEWI, HEDG Odense

Student teachers

Name Email Department City
Christian Vedel Sørensen christian-vs@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi, Econometrics and Economic History, HEDG Odense

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