ECONOMIC HISTORY
Syllabus
Updated A.Y. 2021-2022
Updated A.Y. 2021-2022
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2021/2022
Instructor
Prof. Giovanni Vecchi
giovanni.vecchi@uniroma2.it (note: unsigned emails will not be answered)
Office hours
On appointment (room P2 S49).
Course topic
The course is an introduction to the development of the international economy from the late nineteenth century to the present.
Attendance
Not recorded, but important.
Readings
In order to make the most of the lectures, it is essential that you read the assignments ahead of each class. As classroom lectures do not closely follow the material covered in the assigned readings, for final examination you are responsible for both lecture notes and the required readings.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Outline of the course
- The pre-industrial economy and the Malthusian growth model
- Britain’s Industrial Revolution and Modern Economic Growth
- The First Globalization
- International trade and the Ricardian model
- The age of mass migration
- International capital flows
- The Heckscher-Ohlin model
- The International Monetary System
- WWI – The War Economy and the Economic Consequences of the Peace
- The International Economy between the WW: the Great Depression
- WWII: Bretton Woods and the Marshall plan
- Europe’s Golden Age (1950-1973) and Slowing Down
- Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Apr 11-12
- The pre-industrial economy and the Malthusian growth model
Readings:
- Cipolla, C.M. (2014). Before the Industrial Revolution. London, Routledge. (Chapters 1-3).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World. Princeton University Press (Chapter 2).
Apr 13-19
- Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). “The British industrial revolution in a European mirror.” In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). “Why the industrial revolution was British: commerce, induced invention, and the scientific revolution”. Economic History Review.
- Kuznets, S. (1973). “Modern economic growth: findings and reflections”, American Economic Review, 63(3), 247-258 (not compulsory).
Apr 20
- The first globalization I (International trade and the Ricardian model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1 and 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
Apr 21
- The First Globalization II (Mass Migration)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 7).
Apr 26
- The First Globalization III (International Capital Markets)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
Apr 27
- The First Globalization IV (The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1, 3, 4 and 13).
Apr 28
- The First Globalization V (The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).
May 2
- Gender inequality and women’s work throughout history (Giulia Mancini)
Readings:
- Costa, D. L. (2000). “From Mill Town to Board Room: The Rise of Women's Paid Labor.” Journal of Economic Perspectives, 14(4): 101-122.
- Van Nederveen Meerkerk, E.J. (2014). “Gender and Economic History. The Story of a Complicated Marriage.”, The Low Countries Journal of Social and Economic History, 11(2), 175-197 (not compulsory)
May 3
- The War Economy
Readings:
- Broadberry, S. and M. Harrison (2009). “The economics of World War I: an overview.” In Broadberry, S. and M. Harrison (eds.), The economics of World War I. Cambridge: Cambridge University Press.
May 4-9
- The interwar years
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
May 10-11
- The Bretton Woods conference and the Marshall Plan
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History’s most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
May 16-17
- Europe’s Golden Age (1950-1973) and Slowing Down
Readings:
- Toniolo, G. (1998). “Europe’s golden age, 1950-1973: speculations from a long-run perspective.” Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4 and 8).
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16).
May 18
- Two centuries of inequality and poverty around the world
Readings:
- Baldwin, R. (2016), The Great Convergence. Harvard University Press. Chapters 1-3. (not compulsory)
- Bourguignon, F., and Morrisson, C. (2002). “Inequality Among World Citizens: 1820-1992.” American Economic Review, 92(4): 727-744.
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Updated A.Y. 2020-2021
Updated A.Y. 2020-2021
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2020/2021
Instructor
Prof. Giovanni Vecchi - giovanni.vecchi@uniroma2.it
Teaching Assistant
Dr. Sédi-Anne Boukaka - sedi.anne.boukaka@uniroma2.it
Office hours (room P2 S49)
Prof. Vecchi: On appointment.
Course topic
The international economy from the mid-19th century to the present.
Attendance
Not recorded, but important.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Note
Please always address your communications to both Prof. Vecchi and Dr. Boukaka. Unsigned emails will not be answered.
Outline of the course
- The pre-industrial economy and the Malthusian growth model
- Britain’s Industrial Revolution
- The First Globalization
- International trade and the Ricardian model
- The age of mass migration
- International capital flows
- The Heckscher-Ohlin model
- The International Monetary System
- WWI – The War Economy and the Economic Consequences of the Peace
- The International Economy between the WW: the Great Depression
- WWII: Bretton Woods and the Marshall plan
- From Europe’s Golden Age (1950-1973) to the present day
- Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Apr 22
The pre-industrial economy and the Malthusian growth model
Readings:
- Deaton, A. (2014). The Great Escape, Princeton University Press (Chapter 2).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World. Princeton University Press (Chapter 2).
Apr 23
Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). The British industrial revolution in a European mirror. In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). “Why the industrial revolution was British: commerce, induced invention, and the scientific revolution”. Economic History Review.
- Kuznets, S. (1973). “Modern economic growth: findings and reflections”, American Economic Review, 63(3), 247-258 (not compulsory).
Apr 29
The first globalization I (International trade and the Ricardian model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
Apr 30
The First Globalization II (Mass Migration and International Capital Flows)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 6).
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
May 6
The First Globalization III (The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1, 3 and 13).
May 7
9:00-10:30 The First Globalization (IV – The Heckscher-Ohlin Model)
10:30-10:45 break
10:45-12:00 Gender inequality and women’s work throughout history (Dr. G. Mancini, UTV)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1, 3 and 13).
- Van Nederveen Meerkerk, E. J. (2014). Gender and Economic History. The Story of a Complicated Marriage. The Low Countries Journal of Social and Economic History, 11(2), 175-197. (not compulsory)
- Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122.
May 13
The First Globalization (V – The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).
May 14
The War Economy
Readings:
- Broadberry, S. and M. Harrison (2009). The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press.
May 20
The interwar years
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
May 21
The Bretton Woods conference and the Marshall Plan
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History’s most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
May 27
9:00-10:30 Europe’s Golden Age (1950-1973) to the present day
10:30-10:45 break
10:45-12:00 The Great Convergence (Dr. S.-A. Boukaka, UTV)
Readings:
- Toniolo, G. (1998). Europe’s golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4, 8, 9 and 10).
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16).
May 28: Two centuries of inequality and poverty around the world
Readings:
- Baldwin, R. (2016), The Great Convergence. Harvard University Press. Chapters 1-3. (not mandatory)
- Bourguignon, F., and Morrisson, C. (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Updated A.Y. 2019-2020
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2019/2020
Instructor
Prof. Giovanni Vecchi - giovanni.vecchi@uniroma2.it
Teaching Assistant
Dr. Sédi-Anne Boukaka - sedi.anne.boukaka@uniroma2.it
Office hours (room P2 S49)
Prof. Vecchi: On appointment.
Course topic
The international economy from the mid-19th century to the present.
Attendance
Not recorded, but important.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Note
Please always address your communications to bothProf. Vecchi and Dr. Boukaka. Unsigned emails will not be answered.
Outline of the course
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. From Europe’s Golden Age (1950-1973) to the present day
8. Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Feb 25, lecture 1: The pre-Industrial economy and the Malthusian growth model
Readings:
- Deaton, A. (2014). The Great Escape, Princeton University Press (Chapter 2).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World.Princeton University Press (Chapter 2).
Feb 26, lecture 2: Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). The British industrial revolution in a European mirror. In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). Why the industrial revolution was British: commerce, induced invention, and the scientific revolution. Economic History Review.
Mar 2, lecture 3: The first globalization (I – International trade)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
- Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258 (not compulsory).
Mar 3, lecture 4: The First Globalization (II – Mass Migration and International Capital Flows)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 6).
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
Mar 4, lecture 5: “Intellectual property: a simple case for abolition” (Prof. A. Nuvolari – SSUP)
Readings:
- Allen, R. C. (1983), ‘Collective Invention’, Journal of Economic Behavior and Organization, Vol. 4, pp. 1-24.
- Bessen, J. and Nuvolari, A. (2016), ‘Knowledge Sharing among Inventors: Some Historical Perspectives”: in Harhoff, D. and Lakhani, K. (eds.), Revolutionizing Innovation: Users, Communities and Open Innovation, MIT Press, Cambridge (MA).
Mar 9, lecture 6: The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 4).
Mar 10, lecture 7: The First Globalization (V – The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).ù
Mar 11, lecture 8: The War Economy, the Economic Consequences of the Peace, the economy between the World Wars and the Great Depression
Readings:
- Broadberry, S. and M. Harrison (2009). The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press.
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
Mar 17 , lecture 9: The Bretton Woods conference and the Marshall Plan
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton university Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
Mar 18, lecture 10: Gender inequality and women’s work throughout history (Dr. G. Mancini, UTV)
Readings:
- Van Nederveen Meerkerk, E. J. (2014). Gender and Economic History. The Story of a Complicated Marriage. The Low Countries Journal of Social and Economic History, 11(2), 175-197.
- Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122.
Mar 24, lecture 11 (part. 1): Europe’s Golden Age (1950-1973) to the present day
Readings:
- Toniolo, G. (1998). Europe’s golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4, 8, 9 and 10). (not compulsory)
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16). (not compulsory)
Mar 24, lecture 11 (part. 2): Two centuries of inequality and poverty around the world
Readings:
- Bourguignon, F., and Morrisson, C. (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744. (not compulsory)
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Mar 25, lecture 12: “Between two globalizations: lessons from the World of Yesterday” (Prof. A. Colli – U. Bocconi)
Cancelled
Updated A.Y. 2019-2020
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2019/2020
Instructor
Prof. Giovanni Vecchi - giovanni.vecchi@uniroma2.it
Teaching Assistant
Dr. Sédi-Anne Boukaka - sedi.anne.boukaka@uniroma2.it
Office hours (room P2 S49)
Prof. Vecchi: On appointment.
Course topic
The international economy from the mid-19th century to the present.
Attendance
Not recorded, but important.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Note
Please always address your communications to bothProf. Vecchi and Dr. Boukaka. Unsigned emails will not be answered.
Outline of the course
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. From Europe’s Golden Age (1950-1973) to the present day
8. Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Feb 25, lecture 1: The pre-Industrial economy and the Malthusian growth model
Readings:
- Deaton, A. (2014). The Great Escape, Princeton University Press (Chapter 2).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World.Princeton University Press (Chapter 2).
Feb 26, lecture 2: Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). The British industrial revolution in a European mirror. In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). Why the industrial revolution was British: commerce, induced invention, and the scientific revolution. Economic History Review.
Mar 2, lecture 3: The first globalization (I – International trade)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
- Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258 (not compulsory).
Mar 3, lecture 4: The First Globalization (II – Mass Migration and International Capital Flows)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 6).
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
Mar 4, lecture 5: “Intellectual property: a simple case for abolition” (Prof. A. Nuvolari – SSUP)
Readings:
- Allen, R. C. (1983), ‘Collective Invention’, Journal of Economic Behavior and Organization, Vol. 4, pp. 1-24.
- Bessen, J. and Nuvolari, A. (2016), ‘Knowledge Sharing among Inventors: Some Historical Perspectives”: in Harhoff, D. and Lakhani, K. (eds.), Revolutionizing Innovation: Users, Communities and Open Innovation, MIT Press, Cambridge (MA).
Mar 9, lecture 6: The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 4).
Mar 10, lecture 7: The First Globalization (V – The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).ù
Mar 11, lecture 8: The War Economy, the Economic Consequences of the Peace, the economy between the World Wars and the Great Depression
Readings:
- Broadberry, S. and M. Harrison (2009). The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press.
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
Mar 17 , lecture 9: The Bretton Woods conference and the Marshall Plan
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton university Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
Mar 18, lecture 10: Gender inequality and women’s work throughout history (Dr. G. Mancini, UTV)
Readings:
- Van Nederveen Meerkerk, E. J. (2014). Gender and Economic History. The Story of a Complicated Marriage. The Low Countries Journal of Social and Economic History, 11(2), 175-197.
- Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122.
Mar 24, lecture 11 (part. 1): Europe’s Golden Age (1950-1973) to the present day
Readings:
- Toniolo, G. (1998). Europe’s golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4, 8, 9 and 10). (not compulsory)
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16). (not compulsory)
Mar 24, lecture 11 (part. 2): Two centuries of inequality and poverty around the world
Readings:
- Bourguignon, F., and Morrisson, C. (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Mar 25, lecture 12: “Between two globalizations: lessons from the World of Yesterday” (Prof. A. Colli – U. Bocconi)
Cancelled
Updated A.Y. 2018-2019
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2018/2019
Instructors
Prof. Giovanni Vecchi - giovanni.vecchi@uniroma2.it
Prof. Brian A’Hearn - brian.ahearn@pmb.ox.ac.uk
Teaching Assistant
Dr. Giulia Mancini - giulia.mancini@uniroma2.it
Office hours (room P2 S49)
Prof. Vecchi: During the course (Feb 19-Mar 28): Tuesday, Wednesday and Thursday 15:00-16:00. After the course: on appointment.
Prof. A’Hearn: Between Mar 12- 21: Tuesday, Wednesday and Thursday 17:00-19:00.
Course topic
The international economy from the mid-19th century to the present.
Attendance
Not recorded, but important.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Note
Please always address your communications to bothProf. Vecchi and Dr. Mancini. Unsigned emails will not be answered.
Outline of the course
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe’s Golden Age (1950-1973)
8. The crisis of the 1970s (1971-1989)
9. From the Second Globalization to the present day (1989-2007)
10. Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Feb 19 and 20, lectures 1 and 2: The pre-Industrial economy and the Malthusian growth model
Readings:
- Deaton, A. (2014). The Great Escape, Princeton University Press (Chapter 2).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World.Princeton University Press (Chapter 2).
Feb 21, lecture 3: Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). The British industrial revolution in a European mirror. In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). Why the industrial revolution was British: commerce, induced invention, and the scientific revolution. Economic History Review.
Feb 26, lecture 4: The first globalization (I – International trade)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
- Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258 (not compulsory).
Feb 27, lecture 5: The First Globalization (II – Mass Migration)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 7).
Feb 28, lecture 6: The First Globalization (III – International Capital Flows)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
Mar 5, lecture 7: The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1, 3 and 13).
Mar 6, lecture 8: The First Globalization (V – The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).
Mar 7, lecture 9: Gender inequality and women’s work throughout history
Readings:
- Van Nederveen Meerkerk, E. J. (2014). Gender and Economic History. The Story of a Complicated Marriage. The Low Countries Journal of Social and Economic History, 11(2), 175-197.
- Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122.
Mar 12, lecture 10: The War Economy and the Economic Consequences of the Peace
Readings:
- Broadberry, S. and M. Harrison (2009). The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press.
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
Mar 13, lecture 11: The economy between the World Wars and the Great Depression
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
Mar 14 and 19, lectures 12 and 13: The Bretton Woods conference
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
Mar 20, lecture 14: The Marshall Plan
Readings:
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton university Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
Mar 21, lecture 15: Europe’s Golden Age (1950-1973)
Readings:
- Toniolo, G. (1998). Europe’s golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4).
Mar 26, lecture 16: The crisis of the 1970s (1971-1989)
Readings:
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 8).
Mar 27, lecture 17: From the Second Globalization to the present day (1989-2007)
Readings:
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapters 9 and 10).
Mar 28, lecture 18: Two centuries of inequality and poverty around the world
Readings:
- Bourguignon, F., and Morrisson, C. (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Updated A.Y. 2018-2019
Economic History
University of Rome “Tor Vergata”
Bachelor Degree in Business Administration & Economics
A.Y. 2018/2019
Instructors
Prof. Giovanni Vecchi - giovanni.vecchi@uniroma2.it
Prof. Brian A’Hearn - brian.ahearn@pmb.ox.ac.uk
Teaching Assistant
Dr. Giulia Mancini - giulia.mancini@uniroma2.it
Office hours (room P2 S49)
Prof. Vecchi: During the course (Feb 19-Mar 28): Tuesday, Wednesday and Thursday 15:00-16:00. After the course: on appointment.
Prof. A’Hearn: Between Mar 12- 21: Tuesday, Wednesday and Thursday 17:00-19:00.
Course topic
The international economy from the mid-19th century to the present.
Attendance
Not recorded, but important.
Exam
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours. The exam calendar is available at the webpage of the course. No other dates (pre-exams, exceptional sessions, etc.) can be scheduled.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
Note
Please always address your communications to both Prof. Vecchi and Dr. Mancini. Unsigned emails will not be answered.
Outline of the course
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe’s Golden Age (1950-1973)
8. The crisis of the 1970s (1971-1989)
9. From the Second Globalization to the present day (1989-2007)
10. Two Centuries of inequality and poverty around the world
Lectures and readings
All readings will be available for download at the course webpage. All readings are compulsory, unless otherwise specified.
Feb 19 and 20, lectures 1 and 2: The pre-Industrial economy and the Malthusian growth model
Readings:
- Deaton, A. (2014). The Great Escape, Princeton University Press (Chapter 2).
- Clark, G. (2008). A Farewell to Alms: A Brief Economic History of the World.Princeton University Press (Chapter 2).
Feb 21, lecture 3: Britain’s Industrial Revolution and Modern Economic Growth
Readings:
- A’Hearn, B. (2014). The British industrial revolution in a European mirror. In R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
- Allen, R.C. (2010). Why the industrial revolution was British: commerce, induced invention, and the scientific revolution. Economic History Review.
Feb 26, lecture 4: The first globalization (I – International trade)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 2).
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 3 - not compulsory).
- Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258 (not compulsory).
Feb 27, lecture 5: The First Globalization (II – Mass Migration)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapter 7).
Feb 28, lecture 6: The First Globalization (III – International Capital Flows)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 11 and 12).
Mar 5, lecture 7: The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
- O’Rourke, K. and J.G. Williamson (1999). Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press (Chapters 1, 3 and 13).
Mar 6, lecture 8: The First Globalization (V – The International Monetary System)
Readings:
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 12).
- Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 (“The Gold Standard”), pp. 7-44.
- Krugman, P. R., Obstfeld M., and M. Melitz (2014). International Economics: Theory and Policy. 10th Edition. Prentice Hall (Chapter 19 - not compulsory).
Mar 7, lecture 9: Gender inequality and women’s work throughout history
Readings:
- Van Nederveen Meerkerk, E. J. (2014). Gender and Economic History. The Story of a Complicated Marriage. The Low Countries Journal of Social and Economic History, 11(2), 175-197.
- Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122.
Mar 12, lecture 10: The War Economy and the Economic Consequences of the Peace
Readings:
- Broadberry, S. and M. Harrison (2009). The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press.
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 1 and 2)
Mar 13, lecture 11: The economy between the World Wars and the Great Depression
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapters 3, 4 and 6).
Mar 14 and 19, lectures 12 and 13: The Bretton Woods conference
Readings:
- Feinstein, C.H., P. Temin and G. Toniolo (2008). The World Economy between the World Wars. New York: Oxford University Press (Chapter 10).
- Cameron, R. and L. Neal (2002). A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press (Chapter 15).
Mar 20, lecture 14: The Marshall Plan
Readings:
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton university Press (Chapter 3).
- De Long, J. B., and Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research (not compulsory).
Mar 21, lecture 15: Europe’s Golden Age (1950-1973)
Readings:
- Toniolo, G. (1998). Europe’s golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 4).
Mar 26, lecture 16: The crisis of the 1970s (1971-1989)
Readings:
- Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton (Chapter 16).
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapter 8).
Mar 27, lecture 17: From the Second Globalization to the present day (1989-2007)
Readings:
- Eichengreen, B. (2006). The European Economy Since 1945. Princeton University Press (Chapters 9 and 10).
Mar 28, lecture 18: Two centuries of inequality and poverty around the world
Readings:
- Bourguignon, F., and Morrisson, C. (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
- Lakner, C., and Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232 (not compulsory).
Updated A.Y. 2017-2018
ECONOMIC HISTORY
University of Rome "Tor Vergata"
Department of Economics and Finance
Department of Management and Law
Academic Year 2017/18
Prof. Giovanni Vecchi
giovanni.vecchi@uniroma2.it
and
Prof. Brian A'Hearn
brian.ahearn@pmb.ox.ac.uk
Teaching Assistant
Giulia Mancini
giulia.mancini@uniroma2.it
COURSE TOPIC
The international economy from the mid-19th century to the present.
ATTENDANCE
Not recorded, but important.
EXAM
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
OUTLINE OF THE COURSE
1. The pre-industrial economy and the Malthusian growth model
2. Britain's Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI - The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe's Golden Age (1950-1973)
8. From oil shocks to the present day
9. Two Centuries of inequality and poverty around the world
LECTURES AND READINGS
Feb 20 The Malthusian pre-industrial economy (Prof. Vecchi and Prof. A'Hearn)
Readings:
1.A Deaton, A. (2014), The Great Escape, Princeton University Press. (Chapter 2)
1.B Clark, G. (2008), A Farewell to Alms: A Brief Economic History of the World. Princeton University Press. (Chapter 2)
1.C Fouquet, R., and Broadberry, S. (2015), Seven Centuries of European Economic Growth and Decline. Journal of Economic Perspectives, 29(4): 227-44 (not compulsory).
Feb 21 The Great Divergence: institutions (Prof. A'Hearn)
Readings:
2.A Broadberry, S. (2015) "Accounting for the Great Divergence," University of Oxford working paper.
2.B Acemoglu, D., S. Johnson and J. Robinson, (2005), The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth. American Economic Review, vol. 95, pp. 546-79.
Feb 22 Britain's Industrial Revolution (Prof. A'Hearn)
Readings:
3.A A'Hearn, B. (2014) "The British industrial revolution in a European mirror", in R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
3.B Allen, R.C. (2010), "Why the industrial revolution was British: commerce, induced invention, and the scientific revolution", Economic History Review.
Feb 27 The First Globalization (I - international trade) (Prof. Vecchi)
Readings:
4.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 2
4.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 3 (not compulsory).
4.C Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258. Chicago (not compulsory).
Feb 28 The First Globalization (II - mass migration) (Prof. Vecchi)
Readings:
5.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 7 and 8.
Mar 1 The First Globalization (III - international capital flows) (Prof. Vecchi)
Readings:
6.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 11.
Mar 6 The First Globalization (IV - the Heckscher-Ohlin model) (Prof. Vecchi)
Readings:
7.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 1, 3 and 13.
Mar 7 The First Globalization (V - the international monetary system) (Prof. Vecchi)
Readings:
8.A Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 12.
8.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 19 (not compulsory).
8.C Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 ("The Gold Standard"), pp. 7-44.
Mar 8 Gender inequality and women's work throughout history (Dr. Mancini)
Readings:
9.A Blau, F. D., Ferber, M. A., & Winkler, A. E. (2016). The economics of women, men, and work. 7th Edition. New York-Oxford: Oxford University Press, Chapter 2 ("Women and Men: Historical Perspectives").
9.B Goldin, C. (2006). The quiet revolution that transformed women's employment, education, and family. American economic review, 96(2), 1-21.
9.C Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122 (not compulsory).
9.D Goldin, C., & Olivetti, C. (2013). Shocking labor supply: A reassessment of the role of World War II on women's labor supply. American Economic Review, 103(3), 257-62 (not compulsory).
Mar 13 The War Economy and the Economic Consequences of the Peace (Prof. A'Hearn)
Readings:
10.A Broadberry, S. and M. Harrison (2009), The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press
10.B Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 1-3, pp. 5-53.
Mar 14 The economy between the World Wars (Prof. A'Hearn)
Readings:
11.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 4-6, pp. 54-124.
11.B Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 3 ("Interwar Instability"), pp. 45-92.
11.C Eichengreen, B (1992). Golden Fetters. The Gold Standard and the Great Depression 1919-1939. Oxford: Oxford University Press, Ch. 8 ("Cracks in the Façade"), pp. 222-57.
Mar 15 The Great Depression (Prof. A'Hearn)
Readings:
12.A Temin, P. (1989). Lessons from the Great Depression. Cambridge Mass.: MIT Press, Ch. 2 ("The Midas Touch: the Spread of the Great Depression"), pp. 41-87 of the paperback ed. of 1991.
12.B Wolf, N. (2010), "Europe's Great Depression: coordination failure after the First World War," Oxford Review of Economic Policy, vol. 26 no. 3, pp. 339-69.
12.C Schnabel, I (2003), "The German Twin Crisis of 1931," Journal of Economic History, vol. 64, no. 3, pp. 822-71 (not compulsory).
12.D Accominotti, O. (2012), "London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931," Journal of Economic History, vol. 72 no. 1, pp. 1-43 (not compulsory).
Mar 20 The Bretton Woods conference (Prof. Vecchi)
Readings:
13.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapter 10.
13.B Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 15.
Mar 21 The Marshall Plan (Prof. Vecchi)
Readings:
14.A Eichengreen, B. (2006), The European Economy Since 1945. Princeton university Press, Chapter 3.
14.B De Long, J. B., & Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research.
Mar 22 Europe's Golden Age (1950-1973) (Prof. Vecchi)
Readings:
15.A Toniolo, G. (1998) Europe's golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
15.B Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapter 4.
Mar 27 From oil shocks to the present day (I) (Prof. Vecchi)
Readings:
16.A Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton, Chapter 16.
16.B Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapter 8.
Mar 28 From oil shocks to the present day (II) (Prof. Vecchi)
Readings:
17.A Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapters 9 and 10 (not compulsory).
Mar 29 Two Centuries of inequality and poverty around the world (Prof. Vecchi)
Readings:
18.A Bourguignon, F., and Morrisson, C (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
18.B Lakner, C., & Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232.
Updated A.Y. 2017-2018
ECONOMIC HISTORY
University of Rome "Tor Vergata"
Department of Economics and Finance
Department of Management and Law
Academic Year 2017/18
Prof. Giovanni Vecchi
giovanni.vecchi@uniroma2.it
and
Prof. Brian A'Hearn
brian.ahearn@pmb.ox.ac.uk
Teaching Assistant
Giulia Mancini
giulia.mancini@uniroma2.it
COURSE TOPIC
The international economy from the mid-19th century to the present.
ATTENDANCE
Not recorded, but important.
EXAM
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, the student will get a failing grade. The student will need to sit the written exam again, and will be reported to Director of the CdS.
OUTLINE OF THE COURSE
1. The pre-industrial economy and the Malthusian growth model
2. Britain's Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI - The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe's Golden Age (1950-1973)
8. From oil shocks to the present day
9. Two Centuries of inequality and poverty around the world
LECTURES AND READINGS
Feb 20 The Malthusian pre-industrial economy (Prof. Vecchi and Prof. A'Hearn)
Readings:
1.A Deaton, A. (2014), The Great Escape, Princeton University Press. (Chapter 2)
1.B Clark, G. (2008), A Farewell to Alms: A Brief Economic History of the World. Princeton University Press. (Chapter 2)
1.C Fouquet, R., and Broadberry, S. (2015), Seven Centuries of European Economic Growth and Decline. Journal of Economic Perspectives, 29(4): 227-44 (not compulsory).
Feb 21 The Great Divergence: institutions (Prof. A'Hearn)
Readings:
2.A Broadberry, S. (2015) "Accounting for the Great Divergence," University of Oxford working paper.
2.B Acemoglu, D., S. Johnson and J. Robinson, (2005), The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth. American Economic Review, vol. 95, pp. 546-79.
Feb 22 Britain's Industrial Revolution (Prof. A'Hearn)
Readings:
3.A A'Hearn, B. (2014) "The British industrial revolution in a European mirror", in R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
3.B Allen, R.C. (2010), "Why the industrial revolution was British: commerce, induced invention, and the scientific revolution", Economic History Review.
Feb 27 The First Globalization (I - international trade) (Prof. Vecchi)
Readings:
4.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 2
4.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 3 (not compulsory).
4.C Kuznets, S. (1973). Modern economic growth: findings and reflections. The American economic review, 63(3), 247-258. Chicago (not compulsory).
Feb 28 The First Globalization (II - mass migration) (Prof. Vecchi)
Readings:
5.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 7 and 8.
Mar 1 The First Globalization (III - international capital flows) (Prof. Vecchi)
Readings:
6.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 11.
Mar 6 The First Globalization (IV - the Heckscher-Ohlin model) (Prof. Vecchi)
Readings:
7.A O'Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 1, 3 and 13.
Mar 7 The First Globalization (V - the international monetary system) (Prof. Vecchi)
Readings:
8.A Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 12.
8.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 19 (not compulsory).
8.C Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 2 ("The Gold Standard"), pp. 7-44.
Mar 8 Gender inequality and women's work throughout history (Dr. Mancini)
Readings:
9.A Blau, F. D., Ferber, M. A., & Winkler, A. E. (2016). The economics of women, men, and work. 7th Edition. New York-Oxford: Oxford University Press, Chapter 2 ("Women and Men: Historical Perspectives").
9.B Goldin, C. (2006). The quiet revolution that transformed women's employment, education, and family. American economic review, 96(2), 1-21.
9.C Costa, D. L. (2000). From Mill Town to Board Room: The Rise of Women's Paid Labor. Journal of Economic Perspectives, 14(4): 101-122 (not compulsory).
9.D Goldin, C., & Olivetti, C. (2013). Shocking labor supply: A reassessment of the role of World War II on women's labor supply. American Economic Review, 103(3), 257-62 (not compulsory).
Mar 13 The War Economy and the Economic Consequences of the Peace (Prof. A'Hearn)
Readings:
10.A Broadberry, S. and M. Harrison (2009), The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press
10.B Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 1-3, pp. 5-53.
Mar 14 The economy between the World Wars (Prof. A'Hearn)
Readings:
11.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 4-6, pp. 54-124.
11.B Eichengreen, B. (1996). Globalizing Capital. A History of the International Monetary System. Princeton: Princeton University Press, Ch. 3 ("Interwar Instability"), pp. 45-92.
11.C Eichengreen, B (1992). Golden Fetters. The Gold Standard and the Great Depression 1919-1939. Oxford: Oxford University Press, Ch. 8 ("Cracks in the Façade"), pp. 222-57.
Mar 15 The Great Depression (Prof. A'Hearn)
Readings:
12.A Temin, P. (1989). Lessons from the Great Depression. Cambridge Mass.: MIT Press, Ch. 2 ("The Midas Touch: the Spread of the Great Depression"), pp. 41-87 of the paperback ed. of 1991.
12.B Wolf, N. (2010), "Europe's Great Depression: coordination failure after the First World War," Oxford Review of Economic Policy, vol. 26 no. 3, pp. 339-69.
12.C Schnabel, I (2003), "The German Twin Crisis of 1931," Journal of Economic History, vol. 64, no. 3, pp. 822-71 (not compulsory).
12.D Accominotti, O. (2012), "London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931," Journal of Economic History, vol. 72 no. 1, pp. 1-43 (not compulsory).
Mar 20 The Bretton Woods conference (Prof. Vecchi)
Readings:
13.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapter 10.
13.B Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 15.
Mar 21 The Marshall Plan (Prof. Vecchi)
Readings:
14.A Eichengreen, B. (2006), The European Economy Since 1945. Princeton university Press, Chapter 3.
14.B De Long, J. B., & Eichengreen, B. (1991). The Marshall Plan: History's most successful structural adjustment program (No. w3899). National Bureau of Economic Research.
Mar 22 Europe's Golden Age (1950-1973) (Prof. Vecchi)
Readings:
15.A Toniolo, G. (1998) Europe's golden age, 1950-1973: speculations from a long-run perspective. Economic History Review, LI, 2: 252-67.
15.B Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapter 4.
Mar 27 From oil shocks to the present day (I) (Prof. Vecchi)
Readings:
16.A Frieden, J. (2006). Global Capitalism. Its Fall and Rise in the Twentieth Century. Norton, Chapter 16.
16.B Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapter 8.
Mar 28 From oil shocks to the present day (II) (Prof. Vecchi)
Readings:
17.A Eichengreen, B. (2006), The European Economy Since 1945. Princeton University Press, Chapters 9 and 10 (not compulsory).
Mar 29 Two Centuries of inequality and poverty around the world (Prof. Vecchi)
Readings:
18.A Bourguignon, F., and Morrisson, C (2002). Inequality Among World Citizens: 1820-1992. American Economic Review, 92(4): 727-744.
18.B Lakner, C., & Milanovic, B. (2016). Global income distribution: From the fall of the Berlin Wall to the Great Recession. The World Bank Economic Review, 30(2), 203-232.
Updated A.Y. 2016-2017
ECONOMIC HISTORY
University of Rome “Tor Vergata”
A.A. 2016/17
Prof. Giovanni Vecchi
giovanni.vecchi@uniroma2.it
COURSE TOPIC
The international economy, from mid-19th century to date.
ATTENDANCE
Not compulsory, but recommended.
EXAM
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours.
B&E students are also required to hand in a term essay, due by June 30th. Students are required to work in groups of 2 to 4 people. The essay is conceived as hands-on work on a primary historical source, with a focus on quantitative economic history. Students will be guided in studying the source, digitalizing the information it contains, and writing a short essay (3,000-5,000 words) detailing their findings. Further details will be shared during the course.
The written test is worth 6 CFU, while the term essay is worth 3 CFU. Accordingly, the written test is attributed a 2/3 weight, and the essay a 1/3 weight, in computing the final grade for B&E students.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, or plagiarizing published sources or other students in the term essay, both parts of the exam will be invalid. The student will need to sit the written exam again, resubmit the essay, and will be reported to Director of the CdS.
OUTLINE OF THE COURSE
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe’s Golden Age (1950-1973)
8. From oil shocks to the present day
9. Two Centuries of inequality and poverty around the world
LECTURES AND READINGS
Feb 21-24 The pre-Industrial economy and the Malthusian growth model
Readings:
1.A Deaton, A. (2014), The Great Escape, Princeton University Press. (Chapter 2)
1.B Clark, G. (2008), A Farewell to Alms: A Brief Economic History of the World. Princeton University Press. (Chapter 2)
Feb 28 Britain’s Industrial Revolution and Modern Economic Growth
Readings:
2.A A’Hearn, B. (2014) “The British industrial revolution in a European mirror”, in R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
2.B Allen, R.C. (2010), “Why the industrial revolution was British: commerce, induced invention, and the scientific revolution”, Economic History Review.
Mar 1 The first globalization (I – International trade)
Readings:
3.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 2
3.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 3 (not compulsory)
Mar 2 The First Globalization (II – Mass Migration)
Readings:
4.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 6.
Mar 3 The First Globalization (III – International Capital Flows)
Readings:
5.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 11.
Mar 7 The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
6.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 1, 3 and 13.
Mar 8 Invited Speaker: Dr. Giulia Mancini (U. Tor Vergata) - “Understanding the Difference. Economic history, gender inequalities and women’s work”
Readings:
7.A Costa, Dora L. From mill town to board room: the rise of women's paid labor. No. w7608. National bureau of economic research, 2000.
Mar 9 The First Globalization (V – The International Monetary System)
Readings:
8.A Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 12
8.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 19
Mar 14 The War Economy and the Economic Consequences of the Peace
Readings:
9.A Broadberry, S. and M. Harrison (2009), The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press
9.B Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 1 and 2
Mar 15-16 The economy between the World Wars and the Great Depression
Readings:
10.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 3, 4 and 6
10.B Keynes, J.M. (1930), “The Economic Possibilities for Our Grandchildren” in Essays in Persuasion. (Ed. 1963), Norton.
Mar 21-22 The Bretton Woods conference and the Marshall Plan
Readings:
11.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapter 10
11.B Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 15
Mar 23-24 Europe’s Golden Age (1950-1973)
Readings:
12.A Toniolo, G. (1998) “Europe’s golden age, 1950-1973: speculations from a long-run perspective”, Economic History Review, LI, 2: 252-67.
Mar 30 Living standards in the long run
Readings:
13.A Bourguignon. F. and C. Morrisson 2002. Inequality Among World Citizens: 1820-1992, in American Economic Review, 92, 4, pp. 727-744.
13.B Vecchi (2017), Measuring Wellbeing. A History of Italian Living Standards. New York: Oxford University Press. (selected chapters)
Mar 31 Writing an Economic History Essay: On The Poor Laws
Readings:
14.A Boyer, George. “English Poor Laws”. EH.Net Encyclopedia, edited by Robert Whaples. May 7, 2002. URL http://eh.net/encyclopedia/english-poor-laws/
Updated A.Y. 2016-2017
ECONOMIC HISTORY
University of Rome “Tor Vergata”
A.A. 2016/17
Prof. Giovanni Vecchi
giovanni.vecchi@uniroma2.it
COURSE TOPIC
The international economy, from mid-19th century to date.
ATTENDANCE
Not compulsory, but recommended.
EXAM
All students are required to sit a written examination. The test consists of three questions, and lasts 1.5 hours.
B&E students are also required to hand in a term essay, due by June 30th. Students are required to work in groups of 2 to 4 people. The essay is conceived as hands-on work on a primary historical source, with a focus on quantitative economic history. Students will be guided in studying the source, digitalizing the information it contains, and writing a short essay (3,000-5,000 words) detailing their findings. Further details will be shared during the course.
The written test is worth 6 CFU, while the term essay is worth 3 CFU. Accordingly, the written test is attributed a 2/3 weight, and the essay a 1/3 weight, in computing the final grade for B&E students.
Note that cheating and plagiarism will not be tolerated. In the event that a student is found cheating during the written exam, or plagiarizing published sources or other students in the term essay, both parts of the exam will be invalid. The student will need to sit the written exam again, resubmit the essay, and will be reported to Director of the CdS.
OUTLINE OF THE COURSE
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The age of mass migration
3.3. International capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe’s Golden Age (1950-1973)
8. From oil shocks to the present day
9. Two Centuries of inequality and poverty around the world
LECTURES AND READINGS
Feb 21-24 The pre-Industrial economy and the Malthusian growth model
Readings:
1.A Deaton, A. (2014), The Great Escape, Princeton University Press. (Chapter 2)
1.B Clark, G. (2008), A Farewell to Alms: A Brief Economic History of the World. Princeton University Press. (Chapter 2)
Feb 28 Britain’s Industrial Revolution and Modern Economic Growth
Readings:
2.A A’Hearn, B. (2014) “The British industrial revolution in a European mirror”, in R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
2.B Allen, R.C. (2010), “Why the industrial revolution was British: commerce, induced invention, and the scientific revolution”, Economic History Review.
Mar 1 The first globalization (I – International trade)
Readings:
3.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 2
3.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 3 (not compulsory)
Mar 2 The First Globalization (II – Mass Migration)
Readings:
4.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 6.
Mar 3 The First Globalization (III – International Capital Flows)
Readings:
5.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 11.
Mar 7 The First Globalization (IV – The Heckscher-Ohlin Model)
Readings:
6.A O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 1, 3 and 13.
Mar 8 Invited Speaker: Dr. Giulia Mancini (U. Tor Vergata) - “Understanding the Difference. Economic history, gender inequalities and women’s work”
Readings:
7.A Costa, Dora L. From mill town to board room: the rise of women's paid labor. No. w7608. National bureau of economic research, 2000.
Mar 9 The First Globalization (V – The International Monetary System)
Readings:
8.A Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 12
8.B Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 19
Mar 14 The War Economy and the Economic Consequences of the Peace
Readings:
9.A Broadberry, S. and M. Harrison (2009), The economics of World War I: an overview. In Broadberry, S. and M. Harrison, eds., The economics of World War I. Cambridge: Cambridge University Press
9.B Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 1 and 2
Mar 15-16 The economy between the World Wars and the Great Depression
Readings:
10.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 3, 4 and 6
10.B Keynes, J.M. (1930), “The Economic Possibilities for Our Grandchildren” in Essays in Persuasion. (Ed. 1963), Norton.
Mar 21-22 The Bretton Woods conference and the Marshall Plan
Readings:
11.A Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapter 10
11.B Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 15
Mar 23-24 Europe’s Golden Age (1950-1973)
Readings:
12.A Toniolo, G. (1998) “Europe’s golden age, 1950-1973: speculations from a long-run perspective”, Economic History Review, LI, 2: 252-67.
Mar 30 Living standards in the long run
Readings:
13.A Bourguignon. F. and C. Morrisson 2002. Inequality Among World Citizens: 1820-1992, in American Economic Review, 92, 4, pp. 727-744.
13.B Vecchi (2017), Measuring Wellbeing. A History of Italian Living Standards. New York: Oxford University Press. (selected chapters)
Mar 31 Writing an Economic History Essay: On The Poor Laws
Readings:
14.A Boyer, George. “English Poor Laws”. EH.Net Encyclopedia, edited by Robert Whaples. May 7, 2002. URL http://eh.net/encyclopedia/english-poor-laws/
Updated A.Y. 2015-2016
Updated A.Y. 2015-2016
ECONOMIC HISTORY
University of Rome “Tor Vergata”
A.A. 2015/16
Prof. Giovanni Vecchi
COURSE TOPIC
The international economy, from mid-19th century to date.
ATTENDANCE
Not compulsory, but recommended.
EXAM
All students are required to sit a written final examination. The test lasts 1.5 hours and consists of three questions.
OUTLINE OF THE COURSE
1. The pre-industrial economy and the Malthusian growth model
2. Britain’s Industrial Revolution
3. The First Globalization
3.1. International trade and the Ricardian model
3.2. The Age of Mass Migration
3.3. Capital flows
3.4. The Heckscher-Ohlin model
3.5. The International Monetary System
4. WWI – The War Economy and the Economic Consequences of the Peace
5. The International Economy between the WW: the Great Depression
6. WWII: Bretton Woods and the Marshall plan
7. Europe’s Golden Age (1950-1973)
8. Two Centuries of Inequality and Poverty Around the World
LECTURES AND READINGS
Feb 23 The pre-Industrial economy and the Malthusian growth model
Readings:
1) Deaton, A. (2014), The Great Escape, Princeton University Press. (Chapter 2)
2) Clark, G. (2008), A Farewell to Alms: A Brief Economic History of the World. Princeton University Press. (Chapter 2)
Feb 24 Britain’s Industrial Revolution and Modern Economic Growth
Readings:
3) A’Hearn, B. (2014) “The British industrial revolution in a European mirror”, in R. Floud, J. Humphries and P. Johnson (eds.), The Cambridge Economic History of Modern Britain. Vol. I: 1700-1870.
4) Allen, R.C. (2011), “Why the industrial revolution was British: commerce, induced invention, and the scientific revolution”, Economic History Review.
Feb 25 The first globalization (I – International trade)
Readings:
5) O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapter 2
6) Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 3 (not compulsory)
Mar 1 The First Globalization (II – Mass Migration and Capital Flows)
Readings:
7) O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 6 and 11
Mar 2 The First Globalization (III – The Heckscher-Ohlin Model)
Readings:
8) O’Rourke, K. and J.G. Williamson (1999), Globalization and History. The evolution of a nineteenth-century Atlantic economy. Cambridge, Mass.: The MIT Press; Chapters 1, 3 and 13.
Mar 3 The First Globalization (IV – The International Monetary System)
Readings:
9) Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 12
10) Krugman, P. R., Obstfeld M., and M. Melitz (2014), International Economics: Theory and Policy, 10th Edition, Prentice Hall; Chapter 19
Mar 8 The War Economy and the Economic Consequences of the Peace
Readings:
11) Pollard, S. (1990) Wealth & poverty: an economic history of the twentieth century. Oxford: Oxford University Press, Chapter 4 (optional)
12) Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 1 and 2
Mar 9 Invited Speaker: Prof. Alessandro Nuvolari (Scuola Superiore S.Anna)
Readings:
13) TBA.
Mar 10 The economy between the World Wars and the Great Depression
Readings:
14) Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapters 3, 4 and 6
15) Keynes, J.M. (1930), “The Economic Possibilities for Our Grandchildren” in Essays in Persuasion. (Ed. 1963), Norton.
Mar 15 The Bretton Woods conference and the Marshall Plan
Readings:
16) Feinstein, C.H., P. Temin and G. Toniolo (2008), The World Economy between the World Wars. New York: Oxford University Press, Chapter 10
17) Cameron, R. and L. Neal (2002), A Concise Economic History of the World, From Paleolithic Times to the Present. New York: Oxford University Press, Chapter 15
Mar 16 Invited Speaker: Dr. Federica DI Battista (U. of Rome “Tor Vergata”)
Readings:
18) George R. Boyer. (2004). Living standards, 1860–1939. In: Roderick Floud and Paul Johnson (eds.) The Cambridge Economic History of Modern Britain.
Mar 17 Europe’s Golden Age (1950-1973)
Readings:
20) Toniolo, G. (1998) “Europe’s golden age, 1950-1973: speculations from a long-run perspective”, Economic History Review, LI, 2: 252-67.
Mar 22 The Great Escape: Health, Wealth, and the Origins of Inequality.
Readings:
21) TBA.
Mar 23 Living standards in the long run
Readings:
22) Amendola, A, G. Gabbuti and G. Vecchi (2016), “Human Development”, in G. Vecchi, Measuring Wellbeing. A History of Italian Living Standards. New York: Oxford University Press.
23) Rijpma, A. (2014), “A composite view of well-being since 1820”, in How Was Life? Global Well-Being Since 1820. OECD
Mar 24 Two Centuries of Inequality and Poverty Around the World
Readings:
24) Bourguignon. F. and C. Morrisson 2002. Inequality Among World Citizens: 1820-1992, in American Economic Review, 92, 4, pp. 727-744.