HISTORY OF ECONOMIC AND BUSINESS
Instructional goals
Providing students with major analytic and comparative tools to interpret the evolution of world economic history from the industrial revolution to the age of globalization and beyond.
Intended learning outcomes
Knowledge and understanding: At the end of the course students will have learned the main historical stages of the economic, social, and institutional development process in Italy, in Europe and in the international economy.
Applying knowledge and understanding: Students will be able to identify today's economic, social, and institutional dynamics and identify the economic policy tools are better suited to stimulate and support economic development.
Making judgements: The knowledge acquired during the course will allow students to critically evaluate the ongoing economic processes and analyze their possible impacts within the industrial, cultural, technological, and institutional transformations. The teacher will spur the development of autonomous judgment in his students by involving them in discussions during lectures and in working groups.
Communications Skills: This course will provide students with both the conceptual and lexical tools in order to communicate their acquired autonomy of judgment in an historical and contemporary key with both clarity and competence in any given context.
Learning skills: The course aims to develop the analysis and judgment skills of students concerning economic facts through an historical, dynamic and evolutionary approach. Therefore, the students will be able to continue their training with a sufficient degree of autonomy.
Course Contents
World economic history from the industrial revolution to the era of globalization.
Reference Books
Giuseppe Di Taranto, La globalizzazione diacronica, Torino, G. Giappichelli Editore, 2013.
Ennio De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, FrancoAngeli, 2023 (Except the following Chapters: 1, 2, 3, 4, 5, 23, 24, 27, 28, 29, 34, 35, and the Appendix).
Giuseppe Di Taranto, Geoeconomia del capitalismo, Roma, Luiss University Press, 2024.
Teaching Methods
Up-front classes using traditional sources and electronic sources; seminars; working groups.
Assessment Method
Students will be evaluated on the basis of the following:
- Continuous assessment through working groups or individual contribution to verify the ability to apply the knowledge and skills acquired. These tests contribute for 30% of the final grade. The continuous assessment instructions will be illustrated by the lecturer at the beginning of the course. The continuous assessment score is valid within the entire duration of the academic year.
- Oral exam contributes for 70% of the final grade. For the student who run the continuous assessment and accept the related grade, the oral exam will include several questions on the examination programme, excluding the parts of the programme indicated by the lecturer. In the oral examination, the student must demonstrate the acquisition of the fundamental theoretical knowledge of the subject and the ability to apply it in practical cases, such as the analysis of events and economic dynamics and/or case studies, demonstrating critical capacity and independent thinking. For students who did not participate in the continuous assessment, the oral examination will cover the complete syllabus and any additional readings indicated by the lecturer on the Luiss Learn, including Giuseppe Di Taranto, L’Europa tradita, Roma, Luiss University Press, 2017.
Thesis assignment criteria
The thesis will be assigned after carefully assessing the commitment and interest showed, as well as the actual skills acquired by the student requesting it.
Week 1
- Presentation of the course. Subjects and methods.
- Economic and Business History: basics, goals, and interdisciplinarity.
Week 2
- The evolution of economic systems.
- Crises and transformations of capitalism.
- The premises of globalisation.
Week 3
- The Washington Consensus and globalization.
- The ICT revolution and globalization.
Week 4
- Diachronic globalization: developed economies, transition economies, emerging economies, and the new world balances.
Week 5
- Geoeconomics of capitalism.
Week 6
- The first industrial revolution: economic sectors and innovation in UK.
- Second-comer countries: France and the US.
Week 7
- The phases of economic growth between 1850 and 1914.
- The second industrial revolution: new industrial sectors and scientific innovation.
Week 8
- The industrialized countries and fast-growing economies (UK, France, Germany, and the US).
- Two specific cases: Russia and Japan.
Week 9
- The Italian economy from the Unification to the 1900s.
- WWI and the economic consequences thereof.
- Soviet Union.
Week 10
- The interwar years: the Great Depression, Keynes, and the New Deal.
- WWII and the economics of reconstruction.
Week 11
- From the Golden Age to the shock of the 1970s oil crises.
- The developed economies: the US and Japan.
Week 12
- Developed economies: the European Union.
- The Italian economy since the second half of the 20th century.
- Course wrap up, conclusions.