HISTORY OF ECONOMIC AND BUSINESS

Giovanni Farese

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.

Prerequisites

None.

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. Giuseppe Di Taranto, L’Europa tradita, Roma, Luiss University Press, 2017.

Teaching Methods

Up-front classes using traditional sources and electronic sources; seminars; working groups.

Assessment Method

Assessment is conducted through one of two alternative methods: participation in continuous assessment or a single final exam. Students taking part in continuous assessment may earn up to one third of the final grade through debates, discussions, presentations, case-study analysis, and other activities assigned by the instructor. The format and grading weight of each activity will be communicated at the beginning of the course. The score obtained will remain valid for the entire academic year. The final oral exam, reserved for students who successfully complete the continuous assessment, will account for the remaining two thirds of the final grade. It will cover the course syllabus and teaching materials indicated by the instructor, excluding any topics already assessed during the semester where applicable. The exam is designed to evaluate students’ knowledge of the course content, their ability to apply concepts to practical cases, and their critical and argumentative skills. Students who do not participate in, or do not successfully complete, the continuous assessment will take a final oral exam worth 100% of the final grade. The exam will cover the entire course syllabus, the teaching materials indicated by the instructor, and any additional readings published on Luiss Learn, including Geoeconomia del capitalismo by Giuseppe Di Taranto, published by Luiss University Press in 2024. Assessment will take into account theoretical knowledge, the ability to apply course content, critical analysis, clarity of presentation, and appropriate use of disciplinary language.

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. - Diachronic globalization: developed economies, transition economies, emerging economies, and the new world balances.

Week 4

- EMU: from market economy to crisis economy. - Europe and new economic paradigms.

Week 5

- The European economic and monetary integration process. Europe and convergence.

Week 6

- The first industrial revolution: economic sectors and innovation in UK. - Other models: France and the US.

Week 7

- The phases of economic growth between 1850 and 1914. - The second industrial revolution: new industrial sectors and technological innovation.

Week 8

- The industrialized countries and fast-growing economies (UK, France, Germany, and the US). - Two specific cases: Japan and Russia.

Week 9

- The Italian economy from the Unification to the 1900s. - WWI and the economic consequences. - The 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 and the developing ones.

Week 12

- The Italian economy since the 1930 and up today. - Course wrap up, conclusions.